Trade and Investment Archives

Business Urges Vigilance on Postal Authorities

Published on December 4, 2011

As postal revenue dries up around the world, many publicly operated postal organizations may be tempted to get into new lines of business.  This presents a vexing challenge to private-sector companies that may find themselves in competition with these state-supported entities.

To address these concerns, last month USCIB and three other business groups sent a letter to the Obama Administration urging the U.S. to prepare diligently for the next ministerial-level congress of the Universal Postal Union (UPU), which will take place in Qatar in September 2012.

“We see potentially important issues on the table at the UPU session, including unhelpful efforts from some quarters to extend the scope of government-run postal monopolies into new areas, potentially competing with the private sector,” stated Shaun Donnelly, USCIB’s vice president for investment and financial services.  “Package delivery, insurance, financial services and retail are just some of the sectors where postal monopolies might try to encroach in an effort to offset shrinking volumes and financial losses in their postal services.”

The business groups urged the administration to form an interagency committee to develop coordinated pro-market, pro-competition positions for the U.S. delegation leading up to and at the UPU congress.  They also recommend that the State Department, Postal Service and the U.S. interagency team work closely with relevant private-sector entities throughout this preparatory period.

Other groups signing the letter with USCIB were the American Council of Life Insurers, Coalition of Service Industries and U.S. Chamber of Commerce.

Staff contact: Shaun Donnelly

More on USCIB’s European Union Committee

USCIB Welcomes President’s Commitment to Robust TPP Agreement

Published on November 12, 2011

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

Published on November 7, 2011

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

World Business Responds to Cannes G20 Summit Outcome

Published on November 7, 2011
ICC Chairman Gerard Worms (at right, with microphone) speaks at the B20 Summit in Cannes.
ICC Chairman Gerard Worms (at right, with microphone) speaks at the B20 Summit in Cannes.

The International Chamber of Commerce (ICC), the world business organization which USCIB represents in the United States, is urging G20 governments to put trade and investment at the heart of their Action Plan for Growth and Jobs in response to the outcomes of the Cannes G20 Summit.

“Trade has lifted millions out of poverty over the past 60 years by stimulating economic growth and job creation,” said ICC Chairman Gerard Worms.  “At a time when governments are grappling with excessive debt, a new approach to trade negotiations can be a cost-free stimulus to growth and job creation.”

The Organization for Economic Cooperation and Development (OECD) estimates that for every 10 percent of trade that opens among G20 countries, around one million jobs are created.

ICC was encouraged by the G20’s recognition of “the merits of the multilateral trading system,” and its reaffirmation of its commitments to the Doha Development Agenda mandate and to avoid introducing new protectionist measures.  G20 leaders acknowledged the current stalemate in multilateral trade negotiations and that the Doha Round would not be concluded under current negotiating rules.

The G20 recognized the need to “pursue in 2012 fresh credible approaches to furthering negotiations” and it “directed its ministers to work on such new approaches” at the upcoming ministerial conference of the World Trade Organization (WTO) in December in Geneva. It also encouraged the ministers to “engage into discussions on the challenges and opportunities to the multilateral trading system in a globalized economy” and to report back at the next G20 Summit in June 2012 in Los Cabos, Mexico.

Read more on ICC’s website.

More on ICC’s G20 Advisory Group (ICC website)

ICC Concludes Successful B20 in Cannes

Published on November 4, 2011

4194_image001The International Chamber of Commerce (ICC), along with its partners including MEDEF (French business confederation) and the World Economic Forum (WEF), yesterday concluded an intensive two days of meetings in Cannes, France, for the G20 Business Summit (B20).

B20 CEOs, including the 20 members of ICC’s G20 Advisory Group, presented policy recommendations to G20 heads of state participating in the business summit. The policy recommendations were the product of a collaboration between the B20 working groups and those of WEF and ICC. The priorities shared with G20 leaders covered subjects including: trade and investment, financial regulation, commodities and raw materials, food security and global economic policy imperatives.

USCIB Chairman Harold McGraw III, CEO of The McGraw-Hill Companies and also vice chairman of ICC, took part in the G20 Business Summit. The B20 Summit proceedings began with a briefing for participating CEOs hosted by French President Nicolas Sarkozy at the Elysee Palace in Paris, and then continued with a series of roundtable meetings between the business and government leaders gathered in Cannes.

“Business leaders have come together to share policy priorities and to emphasize that G20 deliberations must be aligned with core business goals of open trade and investment, economic growth and job creation,” said ICC Chairman Gerard Worms. “We are responsible for ensuring that the voice of world business is heard.”

Among the G20 leaders participating in the B20 Summit were Australian Prime Minister Julia Gillard, South Korean President Myung-Bak Lee, Japanese Prime Minister Yoshihiko Noda, South African President Jacob Zuma, Argentine President Cristina Fernandez de Kirchner, Turkish Prime Minister Recep Tayyip Erdogan, and Russian Federation President Dimitri Medvedev.

Read more on ICC’s website.

USCIB Welcomes Rep. Camp’s Tax Proposal

Published on October 31, 2011

Washington, D.C., October 31, 2011– The United States Council for International Business (USCIB), a pro-trade group which represents America’s top global companies before the U.S. government and in major international forums, welcomed proposed tax reform measures put forward by Rep. David Camp (R – Mi.), chairman of the House Ways and Means Committee.

“We are pleased to see Chairman Camp’s proposal on tax reform,” said USCIB President and CEO Peter M. Robinson.  “The high rates and worldwide system of taxation of the United States are out of step with the rest of the world.  U.S. business supports efforts to achieve reform of these rules.  Chairman Camp’s proposal represents an important first step.”

Mr. Robinson underscored the importance of maintaining a level playing field for all companies in the context of U.S. tax reform.  “We must ensure that legislative alternatives intended to protect the tax base do not disfavor U.S. companies versus their competitors,” he said.  “We look forward to working with Chairman Camp and other members of Congress and the administration to achieve bipartisan business tax reform.”

Through its affiliation with the Business and Industry Advisory Committee to the OECD, USCIB works closely with the U.S. and other governments to provide business input and promote closer international cooperation on tax matters, including the OECD Model Tax Treaty and the OECD Transfer Pricing Guidelines.

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 BIAC, 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
+1 212.703.5043, jhuneke@uscib.org

More on USCIB’s Taxation Committee

Business Says Euro Debt Deal Only First Step

Published on October 27, 2011
ICC Chairman Gerard Worms
ICC Chairman Gerard Worms

The International Chamber of Commerce (ICC) welcomed the agreement reached by leaders to address the challenges of sovereign and bank debt in Europe, calling it a development that should contribute to restoring confidence and stability to the world economy.  But ICC, which USCIB represents in the United States, said it believes that a strong multilateral effort by all G20 countries will be needed to lead the world economy into a position of renewed growth and job creation.

“The leaders of the G20 are uniquely placed to build on this example of European unity to adopt a plan that will take the world economy beyond the reach of instability and growing unemployment,” said ICC Chairman Gerard Worms. “As they did in 2009, the G20 can agree on a plan where emerging and developed economies chart a course out of crisis into a new period of growth and job creation.”

ICC said greater coordination and more effective international governance are crucial for ensuring that economic policies are consistent and contribute to global stability.  It said this can best be brought about by continuing to develop a more formal framework between the G20 countries – the leaders of which are meeting for a Summit in Cannes, France on November 3-4 – and key intergovernmental financial institutions like the International Monetary Fund.

USCIB Chairman Harold McGraw III, CEO of The McGraw-Hill Companies and also vice chairman of ICC, will participate in the B20 Business Summit taking place just prior to the G20 Summit in Cannes, which ICC is organizing alongside other major business groups.

Read more on ICC’s website.

Staff contact: Rob Mulligan

USCIB’s Adam Greene Named to Labor Department Advisory Committee

Published on October 26, 2011
USCIB's Adam Greene
USCIB’s Adam Greene

New York, N.Y., October 26, 2011 – Adam Greene, USCIB’s vice president for labor affairs and corporate responsibility, has been named by Secretary of Labor Hilda Solis to serve on the National Advisory Committee for Labor Provisions of U.S. Free Trade Agreements.  The recently reconstituted advisory committee provides advice to the Secretary of Labor on the implementation of labor rules in existing free trade agreements, and on the labor provisions of FTAs being negotiated.

The committee’s other newly named business representatives all come from USCIB’s membership.  They include Darryl Knudsen of Gap Inc., Ed Potter of The Coca-Cola Company (chair of USCIB’s Labor and Employment Committee) and Anna Walker of Levi Strauss & Co.

“I am delighted that Secretary Solis has selected such solid business representatives for this important advisory committee,” said USCIB President and CEO Peter M. Robinson.  “Effectively navigating the intersection of trade and labor policies is critical if we are to move forward on trade, grow our economy and create quality American jobs.  I congratulate Adam Greene, Ed Potter, Darryl Knudsen and Anna Walker on their appointments and extend USCIB’s full support for their work.”

USCIB is the primary forum for American business in the area of international labor policy and the linkages between trade and labor.  As the American affiliate of the International Organization of Employers (IOE), USCIB plays a direct role in the tripartite International Labor Organization, working alongside government and trade union representatives to develop global labor and workplace standards and programs.  In addition, through its affiliation with the OECD’s Business and Industry Advisory Committee (BIAC), USCIB is actively involved in OECD work in the areas of employment, labor and social affairs, interacting with labor via BIAC’s counterpart organization, the Trade Union Advisory Committee.

Mr. Greene manages U.S. business participation in the development of international labor standards, and advises companies on international and regional trends in labor and employment policy.  He coordinates USCIB involvement in the ILO’s governing and standard setting bodies, and promotes the ILO Declaration on Fundamental Principles and Rights at Work.  He is vice chair of the Business Technical Advisory Committee on Labor Affairs to the Inter-American Conference of Ministers of Labor.

Labor representatives on the National Advisory Committee for Labor Provisions of U.S. Free Trade Agreements were drawn from the United Steelworkers, the United Auto Workers and the AFL-CIO, among others, while “public” representatives come from a number of academic institutions and think tanks.

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 global business organizations, including the IOE and BIAC, 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
+1 212.703.5043, jhuneke@uscib.org

More on USCIB’s Labor and Employment Policy Committee
More on USCIB’s Trade and Investment Committee

Business Urges Ambitious Approach in Pacific Trade Talks

Published on October 19, 2011

Washington, D.C., October 19, 2011 – Following Congressional approval last week of the three long-pending free trade agreements, the business community in a letter today to President Obama is urging the United States to take an ambitious approach to a possible multilateral trade agreement with several Asia-Pacific nations.

The United States Council for International Business (USCIB), which represents America’s top global companies, has joined with a range of other leading industry associations in urging the U.S. to pursue “a comprehensive agreement that covers every sector and sub-sector of the U.S. economy” in the Trans-Pacific Partnership (TPP) negotiations currently underway with eight nations.

The business groups said such an approach would ensure that “the final TPP produces new economic opportunities and exports to sustain and increase American jobs [and] the maximum commercial benefits of the burgeoning Asia-Pacific market.”

Other parties to the TPP negotiations include Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.  Taken together, these countries represent the third-largest U.S. export market.

“The TPP must be a gold-standard agreement for the 21st century,” stated USCIB President and CEO Peter M. Robinson.  “It needs to be ambitious and comprehensive, with high standards and all industry sectors covered, as the United States has sought to do via its bilateral trade and investment agreements.  When countries seek to carve out certain sectors for special protection, this can cause a downward spiral where the end product is a far less effective agreement than it could be.”

The joint industry letter underscored that carve-outs and exemptions would tend to undermine U.S. competitiveness, and would reduce the TPP’s economic appeal for exporters and global firms.

Mr. Robinson said the TPP talks had made important progress in establishing rules for liberalization of foreign investment, and promised to bear fruit in three areas not previously addressed via a binding multilateral trade agreement: supply-chain integration, rules for state-owned enterprises and regulatory coherence.

“Global growth, U.S. competitiveness and good American jobs rest increasingly on tackling issues beyond the scope of earlier trade agreements,” stated Mr. Robinson.  “That’s why it’s crucial that we address these in an ambitious, comprehensive manner via the TPP.”

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 for which it serves as U.S. affiliate, 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.

More on USCIB’s Trade and Investment Committee

Revised ICC Rules Boost G20 Efforts to Curtail Corruption

Published on October 17, 2011
From left: Francois Vincke, vice-chair of the ICC Commission on Corporate Responsibility and Anti-Corruption; and Jean-Guy Carrier, ICC secretary general
From left: Francois Vincke, vice-chair of the ICC Commission on Corporate Responsibility and Anti-Corruption; and Jean-Guy Carrier, ICC secretary general

The International Chamber of Commerce (ICC) has launched the ICC Rules on Combating Corruption in response to the G20’s call on business to stamp out corruption. The new ICC rules delineate measures companies should take to prevent corruption, including strong measures to end bribery and extortion.

ICC pointed out that G20 efforts to stabilize the economy and stimulate economic growth, trade and employment must address the drain on the economy caused by corruption. ICC Secretary General Jean-Guy Carrier said: “Corruption is a real threat to the integrity of markets, especially at a time when confidence and stability are most needed. Stamping out corruption will stimulate job creation, boost business confidence and open doors for emerging markets to attract foreign direct investment.”

The World Bank has estimated that corruption reduced annual economic growth by up to 1%, while the IMF reports that investment in corrupt countries is reduced by at least 5% when compared to countries that are relatively corruption-free.

The G20 has pledged to ‘lead by example’ through its Anti-Corruption Action Plan, which calls for ratification of the United Nations Convention against Corruption (UNCAC) and adoption of other laws  aimed at thwarting bribery and corrupt practices, and also asks business to strengthen corporate efforts in fighting corruption. ICC has urged G20 leaders to ratify and implement UNCAC and encourages work with non-G20 states toward its universal adoption and implementation.

Read more on ICC’s website.

Download a PDF copy of the ICC Rules on Combating Corruption

Download the ICC’s Recommendations to the G20 on Fighting Corruption