Citi’s Johnston to Spearhead USCIB’s Trade and Investment Work

Charles R. Johnston
Charles R. Johnston

New York, N.Y., May 1, 2012Charles R. (Rick) Johnston, director and senior vice president for international government affairs with Citi, will take the reins on June 20 as chair of the United States Council for International Business (USCIB) Trade and Investment Committee.  The committee coordinates business advocacy among USCIB’s hundreds of member companies, advises the U.S. government on key trade and investment matters, and drives broader international support for open markets.

“We are very excited that Rick Johnston has agreed to lead USCIB’s trade and investment policy work,” said USCIB President and CEO Peter M. Robinson.  “He brings strong leadership and a truly global perspective.  We look forward to working closely with him to advance our strong pro-trade, pro-investment agenda on behalf of the American business community with U.S. and foreign policymakers, utilizing USCIB’s unique relationships with the International Chamber of Commerce, the Business and Industry Advisory Committee to the OECD and the International Organization of Employers.”

Responsible for Citi’s relationships with governments and political figures in over 100 countries, Johnston is an internationally recognized expert in global trade and investment, and has advised both U.S. and foreign government leaders as well as major multinational corporations on a broad array of commercial and strategic transnational issues.  In addition to his service as international trade counsel to the U.S. Senate Finance Committee and adviser to the U.S. International Trade Commission, Johnston has been an adjunct professor on international trade at the George Washington University law school, and has written extensively on trade and investment.

“I look forward to continuing and expanding USCIB’s leadership on trade and investment issues,” Johnston stated.  “With the recent release of a new model U.S. bilateral investment treaty, we will work with the U.S. government to further engage China, India and others in meaningful discussions to expand market access and secure greater protections for American companies.  We will also press for efforts to move forward on trade liberalization through the Trans-Pacific Partnership negotiations and through new approaches in the WTO.”

The Citi executive said he wants USCIB to address emerging trade and investment priorities for its membership, which includes top U.S. global firms, such as increased understanding of global value chains, creating a level playing field with state-owned enterprises and combating growing forced localization requirements.

Johnston will take over as committee chair from R. Scott Miller, director of national government affairs with The Procter & Gamble Company, who will be retiring at the end of June.  He will be supported by Rob Mulligan, senior vice president and head of USCIB’s Washington, D.C. office, among others.  “We have benefited tremendously from Scott Miller’s informed, intelligent and capable leadership over the past several years,” USCIB’s Robinson said.  “Backed by a number of key staff additions that have enhanced our capacity, Scott has done a lot to push our work on open markets to the next level.”

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing the International Chamber of Commerce, the International Organization of Employers and the Business and Industry Advisory Committee to the 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, VP communications, USCIB
(212) 703-5043 or jhuneke@uscib.org

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New ICC Foreign Investment Guidelines Define Investor and Government Roles

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Doha, Qatar and New York, N.Y., April 21, 2012 – The International Chamber of Commerce (ICC) has issued updated Guidelines for International Investment to address new challenges of the international investment environment and to further promote investment as a driver of economic growth, according to ICC’s U.S. affiliate, the United States Council for International Business (USCIB).

These revised guidelines – addressed to members of the global business community, government officials and other stakeholders – were launched at the World Investment Forum, organized by the United Nations Conference on Trade and Development (UNCTAD) in Doha, Qatar today.

While the value of cross-border direct investment has grown substantially in the past decade, international investors have reason to be concerned about the impact of recent developments and policies on the free flow of international investment.

“Investment underpins economic growth and has shared value for companies and governments alike,” said Peter Brabeck-Letmathe, chairman of Nestle. “It allows companies to establish themselves in global markets and creates ties between domestic and foreign companies, allowing them to expand their activities and create new jobs.”

The aim of the ICC guidelines is to facilitate cross-border investment for investors and governments, as well as to harness the vast potential of cross-border investment for stimulating balanced global growth. Trade and investment have the potential to reinvigorate the global economy during the present economic crisis, particularly by driving sustainable growth in developing countries.

“The nature of investment has evolved geographically, with developing economies accounting for more investment inflows and outflows,” said James Bacchus, co-chair of Greenberg Traurig’s global practice group, who chaired the drafting group for the revised ICC guidelines.

There has been a sharp increase, since the original guidelines were drafted in 1972, in international investment inflows to, and outflows from, developing and transition economies. In 2010, these accounted for 52 percent of the total investment inflows and 29 percent of total investment outflows.

Global inward investment flows now approach $1.2 trillion (U.S.), and sales of affiliates worldwide are just under $30 trillion, far in excess of world trade flows. There are also more than 2,800 bilateral investment treaties among the nations of the world.

The ICC guidelines revision took place under the aegis of ICC’s Commission on Trade and Investment, chaired by Geoff Gamble, director of international government affairs with DuPont and chair of USCIB’s Trade and Investment Committee.  Stephen Canner, a senior advisor with USCIB, also played a leading role in the revision.

The revision comes on the heels of last week’s joint statement by the U.S. and the European Union on shared principles for international investment, which USCIB applauded as “a high-level, concise endorsement of the key role of international investment in the global economy.”

More information on the revision of the ICC Guidelines for International Investment is available on ICC’s website (www.iccwbo.org).  The full text of the guidelines is available on USCIB’s website at www.uscib.org/docs/2012_04_21_icc_investment_guidelines.pdf.

About the International Chamber of Commerce

The International Chamber of Commerce (ICC) is the world business organization, a representative body that speaks with authority on behalf of enterprises from all sectors in every part of the world.  A world network of national committees keeps the ICC International Secretariat in Paris informed about national and regional business priorities. More than 2,000 experts drawn from ICC’s member companies feed their knowledge and experience into crafting the ICC stance on specific business issues.  The United Nations, the World Trade Organization, the G20 and many other intergovernmental bodies, both international and regional, are kept in touch with the views of international business through ICC.

About USCIB

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment.  More at www.uscib.org.

Contact:
Jonathan Huneke, VP Communications, USCIB
+1 212.703.5043 or jhuneke@uscib.org

Revised ICC Guidelines for International Investment

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USCIB Applauds U.S.-EU Investment Principles

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New York, N.Y., April 10, 2012 – The United States Council for International Business (USCIB) welcomes the joint statement of the United States and the European Union on “Shared Principles for International Investment,” issued today in Washington and Brussels.

The statement constitutes “a high-level, concise endorsement of the key role of international investment in the global economy,” said  USCIB President and CEO Peter Robinson.

USCIB has represented U.S. business in a parallel and mutually-supportive effort by the International Chamber of Commerce (ICC) to update its own private-sector Guidelines for International Investment.  The ICC Guidelines are in the final stages of preparation and will be rolled out later this month.

“We are particularly pleased to see the strong emphasis on a ‘level playing field,’ including for private firms in competition with state-owned or state-championed enterprises around the world,” said Robinson.  USCIB also endorses the emphasis on strong protections for investors and investments and on effective dispute settlement provisions, including Investor-to-state arbitration.  The call for transparency and responsible business conduct highlights important areas where the U.S. and EU companies can help set high standards for other nations around the world.

USCIB has long been a strong advocate for open and competitive international investment, both inward and outbound, as important vehicles for promoting economic growth, jobs and competitiveness.   Business hopes that the U.S. and the EU will now move to bring other nations on board in adopting and acting upon these important concepts, which will benefit of businesses, workers and consumers in the U.S. and around the world.”

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, 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, VP communications, USCIB
(212) 703-5043 or jhuneke@uscib.org

More on USCIB’s Trade and Investment Committee

USCIB Urges Passage of Permanent Normal Trade Relations With Russia

4271_image001New York, N.Y., March 14, 2012 The United States Council for International Business (USCIB), which represents America’s top global companies, is urging Congress to approve permanent normal trade relations (PNTR) with Russia, calling it essential for American business to fully benefit from new opportunities resulting from the country’s accession to the World Trade Organization.

“Russia has made, and continues to make, important progress in opening up its economy and building a more secure, predictable environment for business,” said USCIB President and CEO Peter M. Robinson. “As the world’s 11th-largest economy, with a burgeoning middle class and growing demand for U.S. goods and services, it’s far too important a market for us not to be fully engaged there.”

Under the terms of its WTO accession, Russia is obligated to implement a broad range of economic reforms that will further open its market to foreign goods and services, safeguard foreign investments, ensure greater respect for the rule of law and improve intellectual property protection. Business opportunities for U.S. firms in Russia are expected to grow in the coming years, with infrastructure and consumer spending predicted to increase significantly.

Passage of PNTR is required to graduate Russia from trade restrictions under the 1970s-era Jackson-Vanik amendment, a Cold War-era relic that has been deemed to violate WTO rules. Without the removal of Jackson-Vanik restrictions, Russia will not be obligated to extend the benefits of WTO accession to U.S. exporters, thereby putting them at a competitive disadvantage in the country.

Mr. Robinson cited Russia’s recent signature of the OECD Anti-Bribery Convention as an important indication that the country intends to rein in corruption and provide a fairer, more predictable environment for foreign companies. “The country is also working toward joining the OECD as a whole, which would entail significant additional liberalization measures,” he added.

Through its membership in BIAC, the Business and Industry Advisory Committee to the OECD, USCIB is working to advise the OECD and its member governments on appropriate terms for Russian entry into the organization, and is assessing the potential impact for U.S. business of Russian OECD membership.

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, 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, VP communications, USCIB

(212) 703-5043 or jhuneke@uscib.org

More on USCIB’s Trade and Investment Committee

Business Applauds Rollback of Foreign Trade Zone Changes Urges Ex-Im Bank Reauthorization

New York, N.Y., February 28, 2012 – The United States Council for International Business (USCIB), which represents America’s top global companies, applauded the Obama administration’s rollback of planned changes to the rules governing U.S. foreign trade zones (FTZs). USCIB had earlier said some of the proposed changes would impose significant hurdles for exporters.

The U.S. Foreign Trade Zone Board, an interagency body chaired by the Commerce Department, yesterday published final regulations that replace the current FTZ regulations. The new rules do away with a proposed change that would have required advance approval to bring goods into FTZs for manufacture, even for export, that would, if entered for consumption, be subject to antidumping or countervailing duty orders. In an October statement, USCIB and other industry groups had expressed serious concern about this proposed change.

“Our message all along has been that the Foreign Trade Zone Board should strongly promote, rather than inhibit, U.S. exports, and avoid taking steps that would result in a loss of manufacturing jobs in foreign trade zones,” said USCIB President and CEO Peter M. Robinson. “The proposed change would have negatively affected the ability of U.S. manufacturers to process materials for export, which runs counter to the purpose of a foreign trade zone.”

U.S. foreign trade zones accounted for $34.8 billion in exports in 2010 and employ some 330,000 American workers.

USCIB also joined with a number of other industry groups in urging quick passage of the four-year reauthorization bill for the Export-Import Bank of the United States. In a joint letter to President Obama, the groups said that “failure to reauthorize Ex-Im would amount to unilateral disarmament in the face of other nations’ aggressive trade finance programs.”

In a February 17 speech to workers at USCIB member company Boeing, Mr. Obama pledged to boost support for U.S. manufacturers facing subsidized foreign competition, in part through expanded Ex-Im financing for U.S. facing competition from state-subsidized firms.

About USCIB

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, 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

(212) 703-5043, jhuneke@uscib.org

More on USCIB’s Customs and Trade Facilitation Committee

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Business Pushes for Robust Trans-Pacific Partnership Agreement

New York, N.Y., February 28, 2012 The United States Council for International Business (USCIB), which represents America’s leading global companies, has joined 30 other leading U.S. business associations in pressing for an ambitious and comprehensive Trans-Pacific Partnership agreement, with robust enforcement and dispute settlement provisions. The business groups made their case in a letter to President Obama in which they urged the United States to push back strongly against Australian resistance to investor-state dispute settlement mechanisms like those found in other U.S. trade agreements.

The letter pointed out that investor-state provisions are already included in thousands of trade agreements and related instruments worldwide, including many to which Australia is a party. Such provisions, the business associations said, “promote the rule of law and serve as an important backstop to ensure that investors who risk their capital, property and talent in foreign countries will be able to enforce due process, non-discrimination, basic property and related protections in a neutral, balanced and objective forum.”

USCIB co-chairs the TPP Business Coalition’s investment committee, reflecting its role as a premier voice for liberalization of both trade and investment regimes around the world.

USCIB and the other letter signatories said Australia’s intransigence regarding investor-state provisions is thwarting the ability of the TPP negotiations to develop strong enforcement rules, and is “having a corrosive effect on the level of ambition and other key aspects of the TPP negotiations.” They expressed fear that, should Australia extract such a major exemption, “other countries would press forward to seek their own major exemptions from core commitments, which would ultimately unravel the ability to achieve a comprehensive, 21st-century TPP agreement.”

The letter noted that business concerns in this area are of practical, bottom-line importance. “As data from the U.S. Department of Commerce’s Bureau of Economic Analysis has shown over the past several decades, the U.S. investment overseas that strong investment rules promote brings important benefits back to the United States,” the business groups wrote.

“Firms that invest overseas are more globally competitive, export more, invest more in research and development and capital investment in the United States and pay their workers more than purely domestic companies. Promoting and assuring a level playing field for both inbound and outbound investment is therefore vital for the United States and the other TPP negotiating partners.”

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, 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, VP communications, USCIB

(212) 703-5043 or jhuneke@uscib.org

More on USCIB’s Trade and Investment Committee

Business Urges Attention to Ongoing US-China Market Access Concerns

4250_image002New York, N.Y., February 14, 2012 – As this week’s visit by Vice President Xi Jinping focuses attention on the complexity of U.S. relations with China, the United States Council for International Business (USCIB) is urging leaders from both countries to tackle important commercial and economic matters in order to keep this mutually beneficial relationship on an even keel.

 “The U.S.-China relationship extends across an array of geopolitical as well as economic issues, and our economies are now deeply intertwined,” stated USCIB President and CEO Peter M. Robinson.  “On balance, it provides significant benefits for both countries.  However, there remain too many commercial and economic issues handicapping the ability of American firms to compete in China and in third markets, thereby placing our workers at a disadvantage and impeding progress on the overall relationship.  These need to be urgently addressed.”

Mr. Robinson said major trade and investment priorities for American companies in China include, but are not limited to:

  • improving market access for key industries
  • resolving longstanding currency disputes
  • improving protection of intellectual property rights, and
  • ensuring competitive neutrality for state-owned enterprises.

“We urge the two governments to focus on resolving these issues through diplomatic means, both bilateral and multilateral, and to reinforce existing forums like the WTO, the Strategic and Economic Dialogue, and the Joint Commission on Commerce and Trade,” he said.

The USCIB president noted recent progress by China toward closer bilateral ties with other countries, including last week’s signature of a trade and investment agreement with Canada.  “We should be looking seriously at developing new agreements, such as a bilateral investment treaty (BIT) with China,” said Mr. Robinson.  “These could ensure continued liberalization of key markets and provide important security to American investments in the country.  Absent such agreements, American companies and workers could be disadvantaged when competing in China with companies from countries already benefitting from such agreements.  We shouldn’t be sitting on the sidelines.”

Mr. Robinson also called attention to an October USCIB statement on China’s compliance with its WTO accession commitments.  “As we noted in that statement, China has made important progress, but much work remains.  Priority issues include improving transparency in China’s regulatory environment, the need for fair and independent regulators, greater market access, non-discriminatory treatment and inadequate intellectual property laws.  We urge the U.S. and Chinese governments to take up these issues on a priority basis, and we stand ready to provide business views to help ensure a fully informed discussion.”

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, 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, VP communications, USCIB

(212) 703-5043 or jhuneke@uscib.org.

More on USCIB’s China Committee

More on USCIB’s Trade and Investment Committee

 

Encouraged by GPA Agreement and Russia Accession at WTO Ministerial, Business Pushes for New Approaches to Trade Liberalization

4215_image001New York and Geneva, December 17, 2011 – The World Trade Organization approval of a revised government procurement agreement and invitation for Russia to be the newest WTO member were seen as positive steps towards market liberalization by the business community, according to the United States Council for International Business (USCIB), which represents American industry views to international organizations and national governments. USCIB hopes members will follow through on pursuing new approaches for opening markets given the consensus that Doha negotiations have reached an impasse.

“Business has been pushing for an ambitious Doha deal since day one, but we recognize the difficulty faced by WTO members in making the necessary concessions for a balanced package,” said USCIB Senior Vice President Rob Mulligan, who was in Geneva for the ministerial. “We are encouraged, however, that governments are looking seriously at ways to move forward on trade absent a global consensus on Doha. Finding approaches that advance market liberalization will be critical to driving economic growth and job creation.”

In Geneva, governments agreed to update the WTO Government Procurement Agreement (GPA), which encompasses 42 member countries, and encourage non-member countries like China to join. Mr. Mulligan said business was interested in promoting serious discussion of additional plurilateral or other approaches that can move members beyond the current stalemate.

The International Chamber of Commerce (ICC), which USCIB represents in the United States, yesterday issued an open letter to G20 leaders, urging them to consider additional plurilateral trade agreements, saying these could spur economic recovery. ICC also released its latest Open Markets Index, which catalogues restrictions on trade and investment in the major economies. It said support for open trade voiced by G20 countries at the end of their summit in Cannes was not matched by their recent performance, which includes significant new commercial barriers in many countries. More on the ICC initiatives is available at www.iccwbo.org.

USCIB also welcomed final approval of the invitation for Russia to join the WTO, with Mr. Mulligan calling it an important and necessary step in further opening the country to rules-based trade. While in Geneva, Mr. Mulligan met with WTO officials, as well as government and business leaders from other countries, to discuss moving forward on new approaches to opening markets in the WTO.

“We will be taking a close look at the results of the ministerial and, with strong input from USCIB member companies, making recommendations to the U.S. government and the policy community on additional steps business sees as necessary to expand trade and investment through the WTO and other channels,” he said.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, 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, VP communications, USCIB
(212) 703-5043 or jhuneke@uscib.org.

More on USCIB’s Trade and Investment Committee

USCIB Welcomes President’s Commitment to Robust TPP Agreement

Honolulu, November 12, 2011–  The United States Council for International Business (USCIB) welcomed President Obama’s comments at the APEC CEO Summit in Hawaii today supporting an ambitious and comprehensive Trans-Pacific Partnership (TPP) agreement and commended all TPP countries for issuing an outline to complete the negotiations in 2012.

“The president’s strong statement for a comprehensive and forward-looking 21st-century trade agreement will help maintain the momentum for completing the TPP negotiations,” stated Rob Mulligan, USCIB’s senior vice president and head of the Washington office, who is attending the APEC CEO Summit.  “The business community has been meeting with leaders from all of the TPP countries over the last few days to urge them to move forward expeditiously with a high-standard agreement that covers all sectors and products.”

Mr. Mulligan further noted: “Japan’s interest in joining the TPP talks highlights the importance of the negotiations for opening markets in the Asia-Pacific region.  If Japan is ready to take on the high-standards, comprehensive commitments that the U.S. business community is seeking in a TPP agreement, then this would be a significant addition to the negotiation.”

Mr. Mulligan said USCIB looks forward to working with U.S. leadership and its partners in the business community to ensure that the final TPP trade agreement produces new economic opportunities and exports to sustain and increase American jobs and the maximum commercial benefits of the growing Asia-Pacific market.

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, 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
(212) 703-5043, jhuneke@uscib.org

More on USCIB’s Trade and Investment Committee

USCIB Applauds Passage of APEC Business Travel Card Bill

4196_image002New York, N.Y., November 7, 2011 – The United States Council for International Business (USCIB), which represents America’s top global companies and exporters, welcomed Friday’s Congressional passage of a bill to speed business travel in the Asia-Pacific region.  The Asia-Pacific Economic Cooperation Business Travel Cards Act of 2011 will allow American business and government personnel traveling in the APEC (Asia-Pacific Economic Cooperation) region access to expedited visa processing and designated airport travel lanes.

“Adoption of the APEC Business Travel Card will provide a big boost for American companies and executives doing business in the Asia-Pacific region, and will contribute to improved competitiveness and job growth at home,” said USCIB President and CEO Peter M. Robinson.  “It comes as our engagement with Asian and Pacific markets is deepening, and policy makers need to take new measures to open up trade, investment and travel in this rapidly growing market.  It also levels the playing field, since the United States already gives expedited treatment to business travelers from the other APEC member economies.”

Passage of the measure came just in time for this week’s APEC CEO Summit and Leaders Meeting taking place in Honolulu.  USCIB will be represented at the APEC meetings by Rob Mulligan, senior vice president and head of USCIB’s Washington, D.C. office, and Justine Badimon, manager for APEC affairs.

USCIB and other U.S. APEC Business Coalition partners urged passage of the bill in the House and Senate during 2011, the U.S. APEC host year.  The measure was sponsored by a number of members of the House and Senate, including Reps. Kevin Brady (R-Tex.), Rick Larsen (D-Wash.), Wally Herger (R-Ca.), Joseph Crowley (D-N.Y.),  Dan Lundgren (R-Ca) and Senator Maria Cantwell (D-Wash.).  Mr. Robinson said USCIB was grateful to the bill’s sponsors for their leadership and support.

USCIB boosts exports and helps American business travelers by issuing and guaranteeing ATA Carnets, the “merchandise passports” that permit duty-free, tax-free export of various types of goods to some 80 countries and customs territories around the world, including most APEC member economies, for up to one year.  More information on ATA Carnets is available at www.merchandisepassport.org.

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, 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
(212) 703-5043, jhuneke@uscib.org