Policy Areas Archives

USCIB Welcomes Senate Approval of USMCA

Published on January 16, 2020

Washington, D.C., January 16, 2020 – The U.S. Council for International Business (USCIB), which represents many of America’s leading global companies, issued the following statement on the announcement today of Congressional approval of the United States-Mexico-Canada Agreement (USMCA) trade agreement, updating the North American Free Trade Agreement (NAFTA):

“USCIB welcomes today’s announcement of Senate approval of USCMA following overwhelming bipartisan support of the agreement in the House of Representatives. USMCA is an important agreement for U.S. industry for future economic growth, containing several provisions important to our members modernizing the original NAFTA, like those on digital trade and customs.

While we continue to be concerned about certain provisions including the erosion of vital protections impacting the ability to innovate for our industry leaders, we applaud Congressional support of the agreement supporting over 12 million American jobs that depend on trade with Canada and Mexico. We look forward to entry into force of this important trade deal for U.S. business, and continued dialogue with the Administration on ensuring critical protections will be upheld in future agreements.”

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (known as BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

Contacts:

Kira Yevtukhova, USCIB
+1 202.617.3160,
kyevtukhova@uscib.org		   Glen Brandow, USCIB
+1 212.703.5043,
gbrandow@uscib.org

USCIB Commends Phase 1 China Deal, Urges Further Negotiations

Published on January 15, 2020

Washington, D.C., January 15, 2020 – The United States Council for International Business (USCIB), which represents many of America’s leading global companies, welcomes the signing of a Phase One deal with China today in Washington.

China continues to be an important market for U.S. business, and we recognize the progress on food and agricultural export opportunities in this agreement. It also addresses issues related to resolving intellectual property theft and forced technology transfer, which negatively affect the global competitiveness of our companies, but more remains to be done to ensure American companies are afforded a level playing field in China.

USCIB continues to support a comprehensive, high-standard deal that that holds China accountable for complying with their international obligations, vigorously pursuing a level playing field overseas, while avoiding policies that undermine U.S. industry competitiveness. We look forward to studying the details of this initial Phase One deal, and to a next phase of negotiations to address remaining issues, including removing the harmful tariffs that have been imposed on both sides.

In addition to working directly with China, we also continue to urge the Administration to work closely with allies to address many of these concerns on fundamental Chinese policies and practices. We are therefore pleased that the United States is continuing to work with the European Union and Japan toward that goal, exemplified by the cabinet-level meetings this week in Washington.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (known as BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

USCIB Releases 2020 Trade and Investment Policy Priorities

Published on January 14, 2020

Each year the Trade and Investment Committee of the U.S. Council for International Business (USCIB) conducts an extensive consultation process among members in identifying priorities for the coming year. The 2020 USCIB Trade and Investment Agenda includes a list of key principles our members support for open trade and investment and an action plan for addressing our trade and investment policy priorities.

The action plan anticipates another busy year on trade and investment including:

  • pressing for final approval and implementation of USMCA,
  • seeking Administration action on phase 2 agreements with China and Japan,
  • supporting movement on trade negotiations with the EU and UK,
  • seeking continued progress on negotiations in the WTO on a digital trade agreement and
  • modernizing the WTO.

“The Agenda provides the framework for USCIB work to advance policies and negotiations that will open international markets for our member companies and strengthen the global rules-based trade and investment framework,” said USCIB Senior Vice President for Policy and Government Affairs Rob Mulligan. 

USCIB Tax Expert Featured In International Tax Review’s ‘Global Tax 50’

Published on January 14, 2020

The International Tax Review (ITR) publication released its annual ‘Global Tax 50’ in December, featuring a rundown of the most influential individuals, organizations, geopolitical events and trends in the tax world. Among the Global Tax 50 is USCIB Vice President for Taxation Policy Carol Doran Klein. 

According to ITR, “voices like Doran Klein will be crucial” in 2020.

In her feature, Doran Klein suggested that “the biggest challenge of 2020 will be getting a political deal on digital tax that holds together the unified approach.”

This ninth edition of the ITR’s Global 50 represents the choices of the ITR editorial team, who decided who or what they thought has had the biggest impact on taxation during the past twelve months. Breaking down the entire 50 individually according to the impact they made would require too granular an approach, so the magazine list is ordered alphabetically.

USCIB Opposes Proposed Rule on ICT-Related Transactions 

Published on January 13, 2020

USCIB joined a coalition of over thirty other associations to send a letter to U.S. Secretary of Commerce Wilbur Ross regarding a proposed rule to implement an Executive Order on Securing the Information and Communications Technology and Services (ICTS) Supply Chain. This rule would provide the U.S. government with the authority to block, intervene in and unwind certain ICTS-related transactions on the grounds of national security.

The letter stated: “Our members share the Administration’s commitment to ensuring that ICTS transactions do not pose undue risks to national security. However, we view the proposed rule as vague and highly problematic because as written, it would provide the Department with nearly unlimited authority to intervene in virtually any commercial transaction between U.S. companies and their foreign counterparts that involves technology, with little to no due process, accountability, transparency, or coordination with other government programs that are also designed to protect national security.”

According to the letter, the proposed rule does not provide sufficient legal clarity to American companies to identify transactions that could be in scope, which would create significant uncertainty in the business community, disrupt global supply chains and make a range of trade and investment decisions very difficult. Under the proposed rule, companies may also bear higher costs as they alter long-standing business relationships, search for new suppliers and unwind transactions, which will harm U.S. competitiveness and technology leadership.

“An open investment climate with predictable rules is vital to economic growth and development,” said Eva Hampl, senior director of investment, trade and financial services at USCIB. “While national security concerns should be a consideration, virtually unlimited government authority to intervene in transactions could cause significant economic harm to U.S. businesses and consumers.”

USCIB Discusses Online Platforms With Department of Justice

Published on January 6, 2020

USCIB hosted a meeting with officials from the U.S. Department of Justice (DOJ) on the “Big Tech” review of online platforms on December 18. The meeting brought together USCIB members, staff as well as specialists who spoke on these issues, including Associate Deputy Attorney General and Senior Advisor for Technology Industries Ryan Shores and Counsel to the Attorney General Lauren Willard.

In July of 2019, the DOJ announced the review of market-leading online platforms. This review is considering competition and other issues related to online platforms, including a recently-announced review of Section 230 of the Communications Decency Act. Shores was appointed to his position in October of this year to lead this review effort.

“Wednesday’s meeting provided a great opportunity for members to exchange views with the DOJ officials on these important issues,” said Eva Hampl, senior director for investment, trade and financial services, who leads USCIB’s work on competition policy.

USCIB Celebrates ILO at Annual Leadership Award Gala

Published on December 17, 2019
L-R: Peter Robinson (USCIB), Laura Rubbo (The Walt Disney Company), Guy Ryder (ILO), Terry McGraw (USCIB and formerly The McGraw-Hill Companies)

In celebration of The International Labor Organization’s (ILO) centennial this year, USCIB honored the ILO and its Director-General Guy Ryder with its annual International Leadership Award yesterday evening, December 16. The gala event was held at the Lotte New York Palace, under the theme “Resilient Institutions That Matter.” Representatives from business, the United Nations, government and special guests attended the dinner, which also recognized the centennials of the International Chamber of Commerce (ICC) this past year, and the upcoming centennial of the International Organization of Employers (IOE) in 2020. Esteemed guests included USCIB Chairman Terry McGraw, IOE Secretary-General Roberto Suarez Santos, ICC Permanent Representative to the UN Andrew Wilson, Acting U.S. Representative to the UN Economic and Social Council Jason Mack, Chief of Staff of the UN Global Compact Melissa Powell, Permanent Observer of the OECD to the UN Robin Ogilvy, Executive Director of the UN Office for Partnerships Rob Skinner, Chief of the Intergovernmental Policy and Review Branch for the UN Department of Economic and Social Affairs Irena Zubcevic and many others.

“Imagine what we could accomplish if all stakeholders are at the table working to improve education, reduce poverty, ensure social protection, provide job opportunities and tackle such challenges as climate change and environmental protection,” said USCIB President and CEO Peter M. Robinson in his opening remarks. “One thing we do know at USCIB, and that is if we are to find solutions to those challenges…business is an essential partner.”

UN Under Secretary General and Special Advisor on Preparations for the UN’s 75th anniversary Fabrizio Hochschild agreed, recognizing the essential role of business and global cooperation in his remarks at the gala as the UN looks towards the next twenty-five years: “We hope to have strong voices from the business community. We want to hear from you about how we perform for the next twenty-five years.”

Throughout the course of the evening USCIB presented videos honoring the influential roles of the ICC, IOE and ILO over the past century.

Established in 1919 in the waning days of World War I, the ILO’s founders believed that universal peace could only come about if it was based on social justice.

USCIB Chairman Terry McGraw presents the USCIB International Leadership Award to ILO Director General Guy Ryder

“On behalf of the ILO, I am extremely honored by this award. The recognition and support of your influential organization is especially valuable in these uncertain times, when technology, climate change, globalization and demographics are all reshaping the worlds of enterprise and work,” said Ryder. “By continuing our cooperation, I am confident that we can meet this existential challenge and create a new model of business and employment that is human-centered, equitable and sustainable.” Ryder also joined The Walt Disney Company’s Laura Rubbo in a fireside chat, during which he highlighted ILO’s achievements and shared the organization’s priorities for the future.

Ryder was elected as ILO Director-General by the ILO’s Governing Body in May 2012 and took office on October 1, 2012. Since then, Ryder has launched a reform process geared towards assuring the ILO’s authority on matters falling within its mandate. Ryder was re-elected by the ILO’s tripartite Governing Body on November 7, 2016, and his second term started on October 1, 2017. The main aims of the ILO are to promote rights at work, encourage decent employment opportunities, enhance social protection and strengthen dialogue on work-related issues. The unique tripartite structure of the ILO is intended to give an equal voice to workers, employers and governments so that the views of the social partners are closely reflected in labor standards and in shaping policies and programs.

Established in 1980, USCIB’s International Leadership Award is presented annually to a leading CEO, international figure or institution, recognizing outstanding contributions to global trade, finance and investment, and to improving the global competitive framework in which American business operates. Recent recipients have included Paul Polman of Unilever (Chairman of ICC), Ajay Banga of Mastercard and Randall Stephenson of AT&T. The annual USCIB award dinner attracts hundreds of top business executives, policy makers and members of the diplomatic community.

UN Climate Talks: Prominent Business Group Holds Dialogue, Welcomes New Members

Published on December 12, 2019
USCIB’s Norine Kennedy

As in previous years, USCIB joined its global business partners to hold a Major Economies Business Forum (BizMEF) Business Dialogue during a United Nations Framework Convention on Climate Change (UNFCCC) conference. This year’s UNFCCC 25th Conference of the Parties (COP25) is taking place in Madrid, Spain under the Chilean presidency.

This year’s Business Dialogue was hosted by the Spanish Confederation of Employers (CEOE) on December 8. Reaching an important milestone, this year’s Dialogue commemorated twenty-five years of business cooperation and involvement in the UN climate process. The latest Dialogue served as an important forum of discussion for emerging issues and institutional changes that are necessary to mobilize business knowhow and resources at every stage of climate policy and action.

BizMEF Business Dialogue at COP25

Senior government representatives of Chile, the European Commission, France, Japan, and the United Kingdom joined World Trade Organization (WTO), International Organization of Employers (IOE) and UNFCCC speakers at the Dialogue to share perspectives on integrated policy options inside and outside the UN climate process.

“We are here to mark this as what it must be – a turning point and inspiration to do even more and better, as well as involve more companies of all sectors sizes and nationalities on board,” said USCIB Vice President of Strategic International Engagement, Energy and Environment Norine Kennedy.

BizMEF members include major national and regional multi-sectoral business groups in developed and developing countries.  At the COP25 Business Dialogue, BizMEF welcomed two new partner organizations: CEOE and the Santiago Chamber of Commerce. USCIB serves as the Secretariat for BizMEF.

Please refer to USCIB’s COP25 Statement for more information on USCIB’s climate policy position.

USCIB Represents US Business Views at UN Climate Talks

Published on December 12, 2019

The 25th United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) is in the home stretch, as Ministers meet in Madrid to seek political compromise on carbon markets and offsets, as well as to set the stage for pledges of deeper cuts in greenhouse gas (GHG) emissions.

According to USCIB Vice President for Strategic International Engagement, Energy and Environment Norine Kennedy, who is reporting from the field, a fundamental goal of COP25 is to complete unfinished business from the previous year, specifically as it relates to the Paris Agreement and its provisions for carbon markets and offsets, often referred to as “Article 6”.

“Avoiding double-counting crediting for carbon sinks and determining whether a percentage of the value of carbon trade transactions will be allocated to developing countries are two unresolved issues for the business community here at COP25,” said Kennedy. She also noted that the validity of the Kyoto Protocol’s carbon “currency” to the new Paris Agreement carbon regime is also under development.

An additional imperative is the need for deeper and faster cuts in GHG emissions that are required to limit temperature rise to 1.5 degrees, and to get on track to a proposed 2050 net-carbon neutrality objective.

Additional issues yet to be resolved, but are closely being monitored by USCIB, are common timeframes to be covered by voluntary national GHG reduction pledges, known as NDCs, financial support to developing countries for GHG reductions and technology cooperation, as well as how to treat compensation for loss and damage from climate change-related impacts.

Over 30,000 are attending this COP, including Michael Bloomberg, Al Gore, John Kerry, Harrison Ford and other prominent figures have joined high-level government representatives, UN agencies and NGOs.

USCIB’s delegation, led by Kennedy and USCIB Policy Associate Claudia Herbert Colfer, included member representatives from Arkema, Bayer, Chevron, Mars and Novozymes. USCIB has been tracking the complex discussions, meeting with U.S. and other government delegations and partnering with key business groups.

The International Chamber of Commerce (ICC) serves as focal point for business, convening daily business briefings to share intelligence and organizing the UNFCCC Business Day, which took place on December 6.

The two-week COP began on December 2, and will run through December 13, under the Presidency of Chile. COP25 was moved to Madrid, Spain following civil unrest in Chile.

USCIB Welcomes Bipartisan Breakthrough on USMCA

Published on December 11, 2019

Washington, D.C., December 10, 2019 – The U.S. Council for International Business (USCIB), which represents America’s most successful global companies, issued the following statement on the announcement today of a bipartisan deal between the Trump administration and the House of Representatives leadership to move the United States-Mexico-Canada Agreement (USMCA) trade agreement, updating the North American Free Trade Agreement (NAFTA), to expeditious enactment:

“USCIB welcomes today’s announcement of a bipartisan agreement to move the USMCA to approval by the U.S. Congress and quick entry-into-force. We are also encouraged that the Mexican and Canadian partner governments are prepared to support the necessary adjustments to bring the USMCA into effect. The agreement contains several provisions important to our members, recognizing the many changes in the North American and global economies since the original NAFTA was signed a quarter-century ago. Modernized provisions including those on digital trade and customs are key to allowing U.S. companies to continue to thrive in the North American market and to compete in today’s, and tomorrow’s global markets.

“While supportive of the new USMCA, we look forward to an on-going dialogue with the Administration and Congressional leaders on possible further refinements to some important provisions, including protections for innovation and intellectual property as well as effective protections for American investors, before USMCA might serve as an optimal model for future trade agreements.”

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce (ICC), the International Organization of Employers, and Business at OECD (known as BIAC), USCIB helps to provide business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

Contact:
Kira Yevtukhova, USCIB
+1 202.617.3160, kyevtukhova@uscib.org