Inclusive Growth in Asia-Pacific: USCIB Rolls Out 2015 APEC Agenda

4942_image002The Asia-Pacific Economic Cooperation (APEC) forum is the most influential high-level dialogue in the region. APEC convenes heads of state, business leaders and economic experts from 21 Pacific-Rim economies to share their views on how to promote free trade, innovation, growth and integration in the region.

The Philippines is the 2015 host economy, and it has organized APEC’s three Senior Officials’ Meetings and the APEC CEO Summit around the theme of “Building Inclusive Economies, Building a Better World.”

USCIB will be representing American business interests at the APEC meetings throughout the year. With our global network that includes the International Chamber of Commerce (ICC), the International Organization of Employers (IOE), and our membership in the U.S.-APEC Business Coalition, USCIB is uniquely positioned to give its members access to the policy dialogues taking place in one of the most dynamic regions of the world.

USCIB issued its “2015 APEC Priority Issues and Recommendations” in November outlining our longstanding and overarching objectives of promoting open markets, competitiveness and innovation, sustainable development and corporate responsibility. Covering a wide range of issues from chemical regulations to trade facilitation to women in the economy, USCIB will work to advance our APEC priorities throughout the Philippines host year.

USCIB Participation in APEC

SOM1 – Clark, Philippines

USCIB members will travel to Clark to attend the APEC Chemical Dialogue (CD), a forum for regulatory officials and industry representatives seeking to advance regulatory dialogue on the chemicals trade and achieve environmental protection while minimizing costs to business. Helen Medina, USCIB’s senior director for product policy and innovation, was scheduled to attend the summit but was unable to due to inclement weather in New York. She will attend the CD during SOM3, and will continue to review APEC’s ongoing efforts to promote regulatory cooperation in the APEC economies.

SOM2 and Meeting of the Ministers Responsible for Trade – Boracay, Philippines

USCIB is advancing work on global value chains within the Asia-Pacific, working with Ed Brzytwa, director for APEC affairs at the office of the United States Trade Representative, in supporting the U.S. government’s efforts to address barriers to trade and investment.

USCIB is also coordinating with ICC to issue a statement on localization barriers to trade urging APEC economies to adopt alternative policies that will enhance their competitiveness and attract foreign direct investment.

SOM3 – Cebu, Philippines

Kristin Isabelli, USCIB’s director of customs and trade facilitation, will attend a the meeting of the APEC Sub-Committee on Customs Procedures to share the private sector’s vision on the benefits of implementing guidelines that would streamline cross-border trade among APEC economies. Isabelli is also the private sector chair of the APEC Virtual Customs Business Working Group.

CEO Summit – Manila, Philippines

This is the fifth year that USCIB President and CEO Peter Robinson will attend the APEC CEO Summit. USCIB will join business representatives from around the world to participate in bilateral meetings with senior officials from APEC economies to relay USCIB’s top priorities and coordinate across industries, sectors and borders.

Key 2015 APEC Events

  • SOM I – Jan  26-Feb 7 (Clark)
  • SOM II – May 10-21 (Boracay)
  • SOM III – Aug 24-Sept 8 (Cebu)
  • Women in the Economy Summit – Sept 16-18 (Manila)
  • Energy Ministerial and Private Sector Dialogue on Energy – Oct 12-14 (Cebu)
  • CEO Summit – Nov 15-17 (Manila)
  • APEC Leaders Meeting – Nov 17-18 (Manila)

Business Groups Continue to Oppose China Currency Bill

In response to proposed legislation aimed at pressuring China to accelerate the appreciation of its currency against the dollar, USCIB has been working with a coalition of other trade associations, led by the U.S.-China Business Council, to oppose the bill.

The Currency Exchange Rate Oversight Reform Act would label currency manipulation as a foreign subsidy, triggering U.S. tariffs on Chinese goods.

In a September 21 letter to Congress, USCIB and over 50 trade associations emphasized the importance of balancing bilateral with multilateral pressure on China.

“In addition to continuing U.S. government efforts, our organizations support strong, coordinated and enhanced multilateral pressure through international organizations such as the G-20 and APEC to promote China’s adoption of market-determined currency and exchange rate policies,” the letter stated.

On October 11, the controversial legislation was voted through the Senate without amendment by a vote of 63-35.  One proposed amendment submitted by Senator Orrin Hatch (R – Ut.).had included a multilateral approach to pressuring China on the appreciation of its currency.

Ten Years On: China in the WTO

This year marks the tenth anniversary of China’s membership in the World Trade Organization.  In October, as we have done each year since 2001, USCIB delivered a comprehensive statement to U.S. Trade Representative Ron Kirk’s office  on China’s compliance with its WTO obligations.

USTR collects this invaluable information from the business community to assist in preparing its report to Congress on China’s WTO compliance. USCIB members provided updated information in several cross-sectoral areas as well as those affecting their specific industries.  Among the top concerns were China’s policies and practices in indigenous innovation, intellectual property rights enforcement, transparency and standards.

We thank the USCIB members who took the time to send in updates and help us prepare the statement.

The Treasury Department has announced that it will delay publication of the semi-annual Report to Congress on International Economic and Exchange Rate Policies of the U.S.’s major trading partners until later this year, to allow time to assess progress following several international meetings, including the G20 finance ministers/central banks meetings on October 14-15 and the G20 and APEC summits in November.

USCIB will continue to monitor the progress of the proposed currency legislation and work with industry associations to ensure that the voice of business is heard on the importance of a multilateral approach to China’s management of its currency.

Staff contact: Justine Badimon

More on USCIB’s China Committee

USCIB Front and Center at APEC Meeting in San Francisco

L-R: Justine Badimon (USCIB), Laurie Goldman (Levi Strauss), Nasim Deylami (USCIB).
L-R: Justine Badimon (USCIB), Laurie Goldman (Levi Strauss), Nasim Deylami (USCIB).

The intergovernmental Asia-Pacific Economic Cooperation (APEC) forum held its third senior officials meeting September 12-26 in San Francisco.  USCIB members and staff played an active role in a wide range of public-private dialogues held throughout the two-week period.

By participating in the APEC process, companies and business groups have the opportunity to lay out their priorities on various trade and investment issues directly to the economies of greatest interest, and participate in dialogues with the officials who ultimately make the policy decisions affecting their industry, according to Justine Badimon, USCIB’s manager of China, APEC and European Union affairs.  Business input into APEC is facilitated at the regional level through the APEC Business Advisory Council, and at the U.S. level via the National Center for APEC.

Here is a round-up of several of the areas where USCIB played an especially active role in San Francisco.

Energy and Transportation Ministerial

The senior officials meeting began with joint gathering of APEC transport and energy ministers, hosted by U.S. Secretary of Energy Steven Chu and Secretary of Transportation Ray LaHood. A main focus was establishing achievable goals for energy efficiency and sustainability in transportation.  Ministers and the private sector discussed enhanced regulatory cooperation not only within APEC economies but also more broadly through other international organizations.  Ministers pledged to cooperate on cleaner and more energy-efficient transportation in the APEC region, with the goal of reducing energy in economic activity by at least 25 percent by 2030.

Women and the Economy Summit

A first-ever APEC Women and the Economy Summit was hosted by Secretary of State Hillary Rodham Clinton, with participation from nearly 3,000 ministers, senior government officials, and private sector representatives from the 21 APEC economies.  Executive Vice President Ronnie Goldberg attended on behalf of USCIB.

The meeting affirmed APEC leaders’ recognition that gender equality is central to economic and social development, and that equal opportunity for both women supports economic growth and poverty reduction.  It culminated with Secretary Clinton’s announcement that APEC governments had committed to taking action to address the most significant barriers hindering women’s full economic participation.

“By increasing women’s participation in the economy and enhancing their efficiency and productivity, we can bring about a dramatic impact on the competitiveness and growth of our economies,” Secretary Clinton said in her remarks.  “Because when everyone has a chance to participate in the economic life of a nation, we can all be richer.”

APEC’s work will initially focus on four priority areas: improving access to capital, access to markets, capacity and skills building, and women’s leadership.

Among the materials distributed at the summit was an APEC edition of the OECD Gender Initiative interim report.  The OECD is examining gender gaps in education, employment and entrepreneurship, and is developing tools for closing these gaps.  USCIB members are providing both policy and practical input to the OECD in this area through a network of OECD-area member organizations and company representatives.

APEC Chemical Dialogue

The APEC Chemical Dialogue, attended by USCIB members and Helen Medina, USCIB’s director of product policy, focused on two projects with the private sector. The first involves organizing a future information-sharing workshop to discuss chemicals in articles and exchange experiences.  The workshop will provide a foundation for future discussion on whether work in this area would be valuable and if so, the scope of such efforts.

Secondly, APEC will also hold discussions on transparency and innovation in this sector.  Developments in other international discussions touching on chemicals management issues, such as in the Aarhus Convention, or some aspects within the Strategic Approach to International Chemicals Management (SAICM) process, raise questions about access to and availability of certain chemical information while also protecting intellectual property rights.

The APEC Chemical Dialogue’s Regulatory Best Practice Principles already recognize the importance of proper treatment for confidential business information.  APEC members agreed to commission a short paper focusing on the importance of transparency in the availability of information on chemicals and, in turn, the importance of encouraging innovation through the protection of intellectual property rights, including confidential business information.

Secure Trade in the APEC Region

A two-day Secure Trade in the APEC Region conference looked at ensuring security across all levels of the supply chain, while balancing trade facilitation.  USCIB member companies, including UPS and Dow Chemical, were represented along with customs and trade officials to give their views on what works in the APEC region and what challenges remain.

Industry representatives emphasized the necessity of enabling trade through the development of guidelines for the supply chain, encouraging a multi-layered approach to risk assessment and harmonizing international standards and codes to be adopted globally.  Participants cited successful public-private partnerships, such as the Customs-Trade Partnership Against Terrorism (C-TPAT), and urged such partnerships be allowed to evolve, facilitate information exchange and respond to the security challenges encountered by a dynamic global supply chain.

Participants agreed that APEC has a unique position, as an accessible and open forum where business leaders and government can exchange information and collaborate on priorities for trade.  The APEC region also holds expertise and experience in dealing with natural disasters and terrorist acts which affect the global supply chain, and this knowledge can add value to the international discussion on security in trade.  APEC’s role should be to share leadership in this area with other organizations and governments and continue to act as a thought-starter with mechanisms such as the Trade Recovery Program, which was created at APEC and carried out by the World Customs Organization.

APEC Customs-Business Dialogue

With a theme of “Change, Challenge and Opportunity,” the APEC Customs Business Dialogue provided a forum for participants from both the private and public sectors to consider and discuss how the events of 9/11 attacks created significant changes and challenges to customs procedures in the APEC region, as well as opportunities for better collaboration between business and government.

Laurie Goldman, head of global trade policy with Levi Strauss & Co., took part in a panel discussion on “Opportunity: Identifying the Next Generation of Customs-Business Partnerships.

“The APEC Customs Business Dialogue gives both government and business a chance to address trade problems openly and efficiently in a way that helps to facilitate trade and better focus customs resources,” said Ms. Goldman.

It was widely agreed upon by business participants that APEC economies should work toward establishing guidelines for mutual recognition of AEO (Authorized Economic Operator) programs, and implement mechanisms to increase transparency and improve capacity building.  Positive examples of potential customs-business partnerships within APEC were provided, such as the Asia-Pacific Interactive Tariff Database.  Nasim Deylami, USCIB’s manager for customs and trade facilitation, will work closely with U.S. Customs and Border Protection to ensure our engagement with APEC on this issue as we move into 2012.

Data Privacy

Heather Shaw, USCIB’s vice president for ICT policy, continued work with APEC’s Electronic Commerce Steering Group with a workshop she organized on September 17 called, APEC Cross-Border Privacy Rules: The Value Proposition for Industry, Consumers and Governments.  In addition to the workshop, key outcomes of the data protection subgroup included the completion of the Cross-Border Privacy Rules System (CBPR) Pathfinder.  Click here to access a separate report on the CBPR.

Gearing up for the CEO Summit

In November, USCIB President and CEO Peter Robinson will attend the APEC CEO Summit in Honolulu, where President Obama will host his counterparts from each of the APEC economies.  The summit will include a full agenda of plenary discussions with business leaders from around the APEC region exploring new developments in health and innovation, financial markets, regulatory reform, green growth and “next-generation” trade issues.  The two-day event will also offer opportunities for the business community to engage with APEC leaders. At the conclusion of the summit, the U.S. will hand over hosting duties to Russia for APEC 2012.

For more information about registration for the CEO Summit, please visit the National Host Committee’s website at www.apec2011ceosummit.com or contact USCIB.

APEC Completes CrossBorder Data Privacy Project

4167_image002Events on data protection held during the APEC senior officials meeting in San Francisco earlier this month marked the completion of the APEC Cross Border Privacy Rules (CBPR) Pathfinder project.  USCIB and its members have been active participants in the development of the APEC Privacy Framework and its implementation, including the CBPR Pathfinder, which was launched in 2007.

The purpose of the CBPR system, which companies will be able to voluntarily participate in after its launch next year, is to ensure that personal information continues to be protected when it is transferred to another participating APEC member economy, without unnecessarily hindering the flow of vital business information across borders.  The CBPR system is based on a four-step process: self-assessment, a compliance review by an accountability agent, recognition, and dispute resolution and enforcement, underpinned by a cross-border enforcement agreement signed by regulators in 2009.

In San Francisco, Heather Shaw, USCIB’s vice president for ICT policy, organized an APEC-funded workshop on the “APEC Cross-Border Privacy Rules: The Value Proposition for Industry, Consumers and Governments.”  More than 90 participants from across the APEC region joined the workshop, which won high praise from a number of USCIB members.  Following upon several capacity-building workshops, held in conjunction with previous APEC meetings, that established an understanding of the purpose of the CBPR, workshop participants examined a cost/benefit analysis of participating in the cross-border privacy rules system, and identified issues to be addressed in its implementation.

Panelists at the workshop called the CBPR system unique, in that its development served as an opportunity for stakeholders to shape a new framework, as opposed to a top-down process imposed by regulators.  Initial participants in the CBPR program are expected to be global companies who are early-adopters, have existing company privacy standards in place, and want predictability and mechanisms to demonstrate their programs.

“In general, companies following the development of CBPRs believe that the process holds a lot of promise, especially in its potential to be a stepping-stone to global interoperability across data protection regimes,” said USCIB’s Ms. Shaw.

Panelists considering the system from a consumer perspective saw the key benefits as lowered cost and more efficient processing of data, but mentioned the need for flexibility and an ability for the system to be able to account for new uses of information and technological abilities.  Another panel featured privacy regulators from Canada, New Zealand, Chinese Taipei and France, who discussed the benefits of certification, confirmation and demonstration of compliance, and their experience with reviewing and approving private sector codes. To them, CBPRs present an opportunity for new spaces for regulators and new ways to encourage compliance.

Future work is expected to consider how to make the CBPR system interoperable with other validation mechanisms, such as the European Union’s binding corporate rules on privacy or sector-specific regulatory examination processes.  This could lower costs and mitigate barriers to participation, by allowing companies to build on what has already been done and focus on the gap needed to demonstrate compliance with the APEC framework.  Delegates in San Francisco pledged to continue discussions, and to respond to a proposal tabled by USCIB toward this end during the 2012 APEC process.

More on USCIB’s Information, Communications and Technology Committee

CEO Roundtable on APEC

As part of the APEC Business Coalition, USCIB has the pleasure to extend an invitation for nominations of a member company CEO for the forthcoming State Department CEO Roundtable on APEC, which is scheduled for January 14, 2010.

The roundtable, to be hosted by Secretary of State Hillary Clinton, presents an excellent opportunity to interface with 30 top U.S. company CEOs doing business in the APEC area, as well as top-level U.S. government officials.  The secretaries of the treasury, commerce, transportation, energy, and the U.S. trade representative have attended this roundtable in the past.

Please contact Justine Bareford (jbareford@uscib.org) if you would like to put forward your company’s CEO for consideration for this high-level APEC event.  Nominations must be received no later than November 20.

In other APEC news, this year’s APEC CEO Summit will be held November 12-14 in Singapore.  This event will be attended by the world’s top business leaders as well as leaders from many APEC countries.  President Barack Obama is expected to address delegates at the summit as part of his inaugural visit to Asia.  The two-day summit will focus on addressing the economic crisis and key global issues.

USCIB will be represented at the APEC CEO Summit by our consulting director for APEC affairs, Kimberly McLaughlin.

Staff contact: Justine Bareford

 

APEC Transparency Initiative on Tariffs and Preferential Rules of Origin

USCIB’s Project to Support the Asia-Pacific Economic Cooperation (APEC) economies Transparency Initiative on Tariffs and Preferential Rules of Origin (APEC TITR)

With the proliferation of free trade agreements throughout the Asia-Pacific region, many companies find it increasingly difficult to take full advantage of lower trade barriers due to the lack of publicly available information on tariff rates and preferential rules of origin.  The purpose of the APEC TITR is to address this problem.  In that context, USCIB has proposed the creation of an APEC-wide database of customs information that would be accurate, up-to-date and easily accessible.  We believe that business support is critical to the realization of this objective, and USCIB’s project is designed to generate and demonstrate this support, notably at the next APEC Summit, which will take place this November in Singapore.

At the July 21-22, 2009 meetings in Singapore, APEC trade ministers recognized that the lack of publicly available, accurate, and up-to-date tariff and preferential rules of origin (ROOs) information in the APEC region makes it difficult for economies to take full advantage of the significant amount of trade liberalization that has occurred in the region in recent years. In order to ensure that business has access to basic information on tariffs and preferential ROOs, APEC trade ministers endorsed the APEC Transparency Initiative on Tariffs and ROOs (TITR), and have instructed officials to provide up-to-date and accurate tariff and ROOs information, in English, and in a prominent and central location on their respective economy websites, for public access by the APEC Trade Ministers meeting in 2010, and to develop the APEC Website on Tariff and ROOs (Web TR) by the 2010 APEC Ministers Meeting. They have instructed officials to explore ways to expand this initiative, including through the publication of additional customs-related information.

USCIB’s project supports this initiative and works to advocate to other APEC governments on the merits of the initiative, and to garner the support of other APEC business communities, while collaborating with key business association partners, such as the National Center for APEC (NCAPEC) and the U.S. ASEAN Business Council.  USCIB also supports and manages the activities for the informal steering group of U.S. business members supporting this initiative and exploring ways to expand this initiative.

For more information, please contact: Kimberly McLaughlin, USCIB’s Consulting Director for APEC Affairs, 917-913-1254, kmclaughlin@uscib.org.

Informal business steering group members:

Laurie Goldman, Senior Manager, Worldwide Government Affairs and Public Policy, Levi Strauss

James Min, Vice President International Trade Affairs and Compliance, DHL

Tony Barone, Director Global Logistics Policy, Pfizer Inc.

Alex Parle, Vice President ABAC Relations, NCAPEC

Martin Hutagalung, Regional Director and Manager, US ASEAN Business Council

 

Related Documents

 

Meetings

  • June 17, 2009 in Washington, DC.
  • September 30, 2009 in Washington, DC.
  • November 12, 2009 in Singapore (tbc).  For more information contact Kim McLaughlin at kmclaughlin@uscib.org

 

Related Meetings and Links:

APEC CEO Summit 2009 Nov 12-14, 2009 in Singapore http://www.apec2009.sg/index.php?option=com_content&view=article&id=100&catid=38

 

Recent USCIB International Affiliates Engagement with APEC

ICC urges expanding the ATA Carnet System to all APEC countries http://www.iccwbo.org/iccdccci/index.html