Policy Areas Archives

Politico Highlights Business at OECD Work on Colombia Accession

Published on February 5, 2018

In light of Secretary Tillerson’s upcoming trip to South America, Politico published an article highlighting unresolved concerns surrounding Colombia’s accession to the Organization for Economic Cooperation and Development (OECD), including on intellectual property and transparency.

USCIB has long been advocating on these issues, particularly through Business at OECD and most recently through a document, which Politico references.

“This important advocacy document, which contains pre-accession recommendations for issues Colombia should address before acceding to the OECD, to be included in the OECD Trade Committee’s Formal Opinion, was developed by BIAC, with significant USCIB input on US industry priority issues,” noted Eva Hampl, USCIB director of investment, trade and financial services.

USCIB Spells Out Priorities for U.S. Trade Policy

Published on January 24, 2018

Presses for enforcement, open markets and more competitive workforce

Washington, D.C., January 24, 2018 – The United States Council for International Business (USCIB), which advises the U.S. government on trade and commercial policy and represents American companies in global business and intergovernmental forums, today laid out its priorities for U.S. trade policy. In its 2018 Trade and Investment Agenda, the group said it is committed to a global rules-based trade and investment system, will support enforcement of existing U.S. trade pacts, and will push for new market-opening agreements for U.S. exports and investment.

“Opening global markets for American goods, services and investment is critical for our future prosperity,” said USCIB President and CEO Peter M. Robinson. “Doing so requires strong enforcement of existing agreements, as well as their renegotiation where our commercial interests dictate. But it also demands a robust, ‘all-of-the-above’ approach, encompassing vigorous leadership by the United States in international negotiations to develop effective rules and open up new areas for liberalization of cross-border trade and investment.”

Robinson said that, as the U.S. works to open overseas markets, it needs policies and programs to support U.S. workers and improve workforce competitiveness. “While trade is dwarfed by technological and other factors in driving changes in jobs and skills, we need to make sure that are doing everything we can to stay ahead of the inevitable dislocations and build a workforce for the 21st century,” he said.

USCIB’s 2018 Trade and Investment Agenda identifies numerous priorities for American trade policy. Among its top priorities, USCIB pledged to:

  • work for effective enforcement of existing agreements, as well as to advance negotiations and agreements that improve market access for U.S. companies within a dynamic, rules-based system
  • stress the importance of U.S. engagement and leadership in creating and enforcing rules for international trade and investment, including protection of U.S. investments abroad
  • urge the Trump administration not to introduce new proposals in NAFTA that will weaken existing provisions, or negate the benefits that U.S. companies derive from the U.S. being part of NAFTA
  • urge the administration to initiate negotiations with countries in the Asia-Pacific region to ensure that American goods and services companies have open and fair access to their markets
  • work with the administration to develop a coherent strategy for pressing China to further open its markets to U.S. companies, and eliminate the proliferating Chinese policies aimed at hindering access, in a framework that maintains stability in the relationship
  • leverage USCIB’s unique global business network to build international consensus on trade and investment policy.

Download the full USCIB 2018 Trade and Investment Agenda here.

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, the International Organization of Employers and Business at OECD, USCIB provides 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:
Jonathan Huneke, USCIB
jhuneke@uscib.org, +1 212.703.5043

BIAC Issues Statement on Future OECD Accessions

Published on January 23, 2018

As more countries in Europe and Latin America apply for membership with the Organization for Economic Cooperation and Development (OECD), the Business at OECD (BIAC) Executive Board issued a statement this week noting, in part, that a commitment to open markets should guide any decision to the opening of accession negotiations.

The letter emphasizes: “the accession process should encourage countries to improve their business environment and engage in the necessary reforms,” noting that “more than ever, business depends on an enabling environment to support trade and investment in global markets.”

The OECD has yet to respond to the applicant countries (Argentina, Brazil, Peru, Bulgaria, Croatia, and Romania) as OECD enlargement on this scale raises important questions on the mission and governance of the organization. For countries that will receive a positive response, acceding to the OECD entails a multi-year review process where all 25 major OECD committees evaluate, in confidential sessions, the policies of the candidate country and the improvements it must make to fully apply the body of OECD instruments and standards.

USCIB Director for Investment, Trade and Financial Services Eva Hampl will be providing input on behalf of U.S. business into this process. “USCIB members have significant business interests in many of these markets,” said Hampl. “These future accession processes provide an opportunity to ensure a high standards and a level playing field for our companies.”

USCIB Gears Up for NAFTA Talks in Montreal This Week

Published on January 23, 2018

The sixth round of NAFTA negotiations is taking place in Montreal, Canada this week with a concluding Ministerial scheduled for Monday, January 29. USCIB Director for Investment, Trade and Financial Services Eva Hampl will be traveling to Montreal tomorrow for meetings with negotiators and key officials. This round presents a great opportunity to push forward on many chapters vital to U.S. business, and make progress in the discussions surrounding the more controversial provisions that have been tabled.

As a lead up to the talks in Montreal, Hampl participated in the Senate Lobby Day on the Hill last week, speaking with a range of Republican and Democratic offices. Throughout the day, about 150 members of the NAFTA Coalition met with as many Senate offices as possible, raising business issues of concern.

“We emphasized the outstanding issues regarding the problematic proposals of a sunset clause, investor-state dispute settlement, auto rules of origin, and government procurement,” said Hampl. “We also made the point that there are many chapters that are making progress, including customs and digital trade, which are vital for business and should get closed out as soon as possible.”

 

Official Report from USCIB Nutrition Event Now Published

Published on January 17, 2018

Wilton Park USA, in partnership with the USCIB Foundation and the Global Alliance for Improved Nutrition (GAIN), has published a report as follow up to last October’s successful joint dialogue on “No More Missed Opportunities: Advancing Public-Private Partnerships to Achieve the Global Nutrition Goals.” The report summarizes the details of the meeting as well as the “Principles of Engagement,” which were developed during the meeting to provide a useful framework through which to approach future public-private partnership and a valuable reference point for developing effective solutions.

The report concludes that “effective partnerships and better nutrition outcomes can be facilitated through policy and legislative frameworks more conducive to collaboration. This could include better application of the clout of financiers, shareholders, and consumers on the business side and constituencies, NGOs, and civil servants on the government side.”

“Every country is now struggling with some aspect of malnutrition, and a growing number are experiencing both undernutrition and obesity,” said USCIB Vice President for Product Policy and Innovation Mike Michener, who leads USCIB’s policy work on nutrition, food and health. “The roundtable sought to support the accelerated achievement of internationally agreed global nutrition goals, and broader commitment to the UN Sustainable Development Goals (SDGs), by convening a high-level group of leaders from government, business and other key stakeholders.”

This meeting aimed to tackle the problem of poor diet as the number one risk factor for early death, contributing to 20 percent of global deaths, with the burden falling disproportionately on children under five and women of reproductive age, a situation nutrition experts have described as a “missed opportunity” (Lancet, 2013). Each year, malnutrition is a factor in almost half of the six million deaths of children under five, and 159 million children are stunted, with impacts on their physical and cognitive abilities that last a lifetime. More than 500 million women are anemic, with an increased risk of maternal death and delivering premature and low-birth-weight babies. At the same time, 600 million adults are obese, and 420 million have diabetes, with rates rising steeply.

Fighting for American Business: USCIB in the News in 2017

Published on January 16, 2018

Throughout 2017, USCIB President and CEO Peter M. Robinson, alongside other USCIB leaders and staff, garnered important coverage from the news media on issues critical to USCIB members. Policy issues ranged from NAFTA and the need to enshrine investor protections to the need for reform at the United Nations.

USCIB members and committee leaders, particularly Jerry Cook of Hanesbrands and Tam Nguyen of Bechtel, also made headlines on issues such as customs and trade facilitation and the evolution of corporate sustainability standards, respectively.

“USCIB won important news coverage in a wide variety of areas,” said Jonathan Huneke, USCIB’s vice president for communications and public affairs. “Thanks to outstanding thought leadership from USCIB President Robinson, as well as committee leaders and our staff experts, we were able to consistently punch above our weight, holding our own in a crowded media environment.”

Read the full 2017 media review here. To request an interview with a USCIB expert, contact USCIB Communications.

USCIB Urges President Trump: Secure Growth Through Engagement

Published on January 8, 2018
President Trump addressing a joint session of Congress in February 2017

As the annual State of the Union address approaches, USCIB is urging President Trump to use the occasion to commit his administration to pursuing strong U.S. economic growth and improved competitiveness by engaging with our trading partners and key international institutions.

In a letter to the president, USCIB President and CEO Peter Robinson wrote: “It is essential for our citizens and world markets to hear and understand that the U.S. will be engaged and committed to growing the U.S. and global economies. … In your upcoming State of the Union address you have the chance to press forward in 2018 with an agenda for international engagement that will build on the recent tax reform to drive economic growth by improving U.S. competitiveness.”

USCIB’s letter recommended commitments to U.S. action in the following areas:

  • increasing U.S. trade in goods and services by opening markets
  • continuing to reduce regulatory barriers here and abroad
  • promoting education and skills development for the jobs of the future
  • facilitating innovation
  • increasing international leadership where it matters.

You can read the full USCIB letter to President Trump here.

IGF Discusses Gender, Trade, Digital Security and More

Published on January 3, 2018
Speakers from L-R: Heshadharani Poornima (India), Barbara Wanner (US Council for International Business), Jennifer Chung (DotAsia), Louise Marie Hurel (Gender Youth/Youth Observatory), Bruna Santos (Gender Youth/Youth Observatory, Brazil)

More than 2,000 stakeholders from business, government, civil society, the technical community, and academia gathered in Geneva, Switzerland December 18-21 for the 12th Internet Governance Forum (IGF). The four-day conference featured wide-ranging discussions under the overarching theme, “Shape Your Digital Future.” USCIB Members joined global business colleagues under the aegis of ICC-BASIS in urging that the IGF continue to serve as a forum for mulitstakeholder discussions about Internet governance issues and as an incubator of ideas and best practices about how to most effectively address opportunities and challenges in the digital ecosystem.

ICT Policy Committee Chair Eric Loeb, senior vice president, international external and regulatory affairs, AT&T, provided the business perspective on Internet governance issues in a special high-level thematic session, “Shaping our Future Digital Global Governance,” which officially opened the IGF. Paying tribute to the late Joseph Alhadeff, former USCIB board member and ICT Policy Committee vice chair, Loeb highlighted how Alhadeff approached Internet governance with collegiality, collaboration and empathy, with an eye to solving immediate problems but not losing sight of where we need to be. “In this spirit, the IGF facilitates working together across respective and varied interests to achieve progress and share issues,” said Loeb told the standing-room-only opening plenary.

USCIB members and USCIB Vice President, ICT Policy Barbara Wanner made important contributions on leading topics of this year’s nearly 200 IGF workshops. Wanner who spoke on the panel, “Navigating Gender and Youth Challenges: Telling Stories about Women, Technology, and Creation,” emphasized the role of both governments and business in ensuring that the digital gender divide is bridged.

“One of the largest barriers to many women and youth in terms of entering the digital system has to do with culture,” said Wanner. “A government cannot simply have on the books policies that ensure equal rights.  They have to follow up and see that the laws are properly implemented and effectively transcend cultural mores that can hold back women of all ages. I have been very inspired by the various initiatives pursued by USCIB members aimed at developing STEM skills and coding by young women to enable their involvement in the digital economy.  Going to the heart of my topic, though, I would say that business also is keenly aware of the importance of enabling generational exchange as a means of bringing more youth and women into the digital ecosystem.”

Additional topics discussed during the IGF included digital trade, artificial intelligence, cybersecurity and the “Internet of Things.” Additionally, the OECD’s Going Digital project was featured in a special session, which enabled USCIB members to reiterate points of support and concern offered by Business at OECD (BIAC) at the November meeting of the Committee on Digital Economy Policy.

Business at OECD Calls for Action Against Corruption

Published on December 18, 2017

While progress has been made in creating cultures of integrity, corruption continues to seriously affect economies. Marking the 20th anniversary of the OECD Anti-Bribery Convention, Business at OECD (BIAC) and USCIB affirm the importance of an integrated and effective approach in the fight against corruption, which is a global challenge and requires international cooperation.

“Corruption is a cancer for the global economy and seriously compromises the health and productivity of our economies and value chains across the globe. The legally binding standards of the Anti-Bribery Convention have clearly positioned the OECD as a leading force in the international fight against corruption,” said Dr. Klaus Moosmayer, chief compliance officer of Siemens and BIAC anti-corruption chair. Speaking at the OECD Roundtable on 20 years of the Anti-Bribery Convention, Moosmayer called on the OECD and governments to step up efforts and also address the demand side of bribery, recognize the compliance efforts of companies, and support voluntary self-disclosure. “We recognize the urgency of this agenda,” said Moosmayer. “The private sector should be considered as a key partner in this struggle.”

USCIB has been actively promoting the OECD Anti-Bribery Convention, especially during last month’s OECD events in the U.S. that celebrated the 20th anniversary of the Anti-Bribery Convention. USCIB’s Director for Investment, Trade and Financial Services  Eva Hampl took part in a panel at the event “Celebrating the OECD Anti-Bribery Convention at 20, the FCPA at 40 & Addressing the Challenges Ahead”.

Hampl addressed the cost that corruption and bribery present to business and the important role the OECD plays to level the playing field in that regard. Specifically, companies from OECD countries, who have to comply with the OECD Anti-bribery Convention, compete with companies from non-OECD countries that are not subject to the same anti-bribery measures.

“This leads to unfair competition and can even create an environment favorable to corrupt practices,” warned Hampl. “U.S. companies of course have to comply with the FCPA, which means they spend a significant amount of resources on developing anti-corruption policies and compliance programs as well as training systems for employees so that they are well-equipped to withstand demands for corruption.”

USCIB Supports UN Convention on Receivables

Published on December 15, 2017

Last week, USCIB joined nine other trade associations to sign on to a letter to the Senate Committee on Foreign Relations in support for the United Nations Convention on the Assignment of Receivables in International Trade, asking the committee to move expeditiously toward its ratification.

Enactment of the convention would make 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.

“The Receivables Convention is self-executing and would not change U.S. law in any material respect, because U.S. law already reflects the modern legal principles embodied in the convention,” said Eva Hampl, USCIB’s director for investment, trade and financial services. “We believe that U.S. ratification would prompt other countries to ratify as well, which will then make it easier for U.S. lenders to accommodate the financing needs of U.S. small and medium-sized businesses, enabling them to compete more vigorously in the international marketplace and foster the growth of American jobs.”

No state or federal legislation is needed for executing the Convention so there is no cost to the U.S. government or taxpayers in ratifying it. Furthermore, experts from the National Conference of Commissioners on Uniform State Laws participated fully in the formulation of the Convention and have determined that there would be no implementation issues in ratifying the Convention.