After years of effort by USCIB and a coalition of other trade associations, USCIB welcomed an announcement that the United States has formally ratified the United Nations Convention on the Assignment of Receivables in International Trade, having deposited the instrument on October 17 at the UN Treaty Office in New York.
Enactment of the Convention makes it easier for U.S. small and medium-sized businesses to access additional financing from lenders based on their sales of goods and services to customers located in other countries that ratify the Convention.
USCIB has been urging the U.S. to ratify this convention since 2016 and worked through a coalition to send letters to high-ranking Senators at the Committee on Foreign Relations and the Committee on Banking, Housing and Urban Affairs.
“We need three more countries to ratify the Convention for it to enter into force, and we have an active list of those countries most likely to ratify,” noted USCIB Senior Director for Trade, Investment and Financial Services Eva Hampl.

The U.S. Department of State has announced the four winning U.S. companies for the 2019 Secretary of State Award for Corporate Excellence (“ACE Award”) and, again this year, USCIB member companies are well represented. The two awards open to large multinational companies are both going to USCIB members – Procter & Gamble Asia Pacific wins the ACE for women’s economic empowerment for its gender equality leadership across the Asia Pacific region while PepsiCo in India is recognized for sustainable operations from their community water programs, which focus on water replenishment and water conservation in agricultural practices. P&G is a repeat winner, having won in 2011 for its work in Nigeria and Pakistan.
USCIB and several members were 
The third meeting of the Intersessional Process for Considering the Strategic Approach to International Chemicals Management (SAICM) and the Sound Management of Chemicals and Waste Beyond 2020 (IP3) was convened in Bangkok, Thailand, September 30 – October 4. Approximately 350 representatives of governments, industry, non-governmental organizations and intergovernmental organizations attended the proceedings. USCIB was a member of the private sector delegation representing the views of downstream users of chemicals, and included Mike Michener, USCIB vice president for product policy and innovation.
Following USCIB’s annual
In response to the continuing and extensive digitalization of the economy and increasing calls by countries to tax the income of technology companies that earn revenue in a market without necessarily having a traditional physical presence in that market, USCIB sent a