USCIB released to policymakers and the press its 2023 Trade and Investment Agenda, an annual paper outlining Member objectives for the year. The 2023 priorities include:
- Free, open and fair markets are imperative to competitiveness, well-paying skilled jobs and broad-based economic prosperity.
- Companies and workers depend on a stable, rules-based trading system to facilitate global commerce and support jobs. The WTO is the critical cornerstone of the global system and is important for bringing countries together to reach new agreements, monitor commitments and resolve disputes.
- Foreign direct investment strengthens the U.S. economy and is a key tool in spreading democracy and American values while helping emerging economies recover from the global pandemic, meet sustainable development goals and build green infrastructure consistent with the objectives of the G7 Partnership for Global Infrastructure and Investment (PGII) initiatives.
- Agile and quick responses to emerging global trade and investment issues facilitate innovation, workforce resiliency and green development goals. To sustain its competitiveness, the U.S. must be at the forefront in shaping international rules for the new economy, especially in the areas of sustainability, circular economy, socio-economic equality, worker rights, digital policy and emerging technologies.
- It is important to hold trading partners accountable for commitments made in trade agreements, but any retaliatory actions should be exacted with proportionality, meaningful stakeholder consultation, and careful consideration of harmful impacts to domestic jobs, companies, and consumers.
- A robust, effective, and durable trade policy requires consultation, collaboration and good will between the branches of the U.S. government as well as with the business community.
“The USCIB annual priorities paper is instrumental to Washington policymakers because it reflects the voice of a robust and diverse group of U.S.-based global companies representing $5 trillion in revenues and 11.5 million employees from every sector of the economy,” said USCIB VP for International Investment and Trade Policy Alice Slayton Clark. “Our members believe in free, open and fair markets as imperative to U.S. competitiveness, well-paying skilled jobs and broad-based economic prosperity.”
USCIB’s priority paper was developed by the USCIB Trade and Investment Committee, which is chaired by Charles R. (Rick) Johnston, managing director for Global Government Affairs at Citigroup.
The document underscores that, “as the world grapples with existential threats and economic disruptions posed by climate change, global pandemic, geostrategic challenges and hybrid warfare, it is imperative that the United States lead in shaping outcomes and partnerships that strengthen U.S. supply chains.” The United States must seize the opportunity to be at the forefront in securing open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence, Clark said.
A summary document of the full 2023 agenda is available here.