Sustainable Business Opens Major Economic Opportunity

ICC’s Secretary General John Danilovich welcomed a new report – Better Business, Better World – which has been developed by a group of over 35 CEOs and civil society leaders including Danilovich himself. The Business and Sustainable Development Commission (BSDC) initiative was launched one year ago with the aim of inspiring business leaders to drive implementation of the United Nations’ Sustainable Development Goals (SDGs).

The BSDC’s headline finding is that putting the SDG’s at the heart of the world’s economic strategy could unleash a step-change in growth and productivity. Analysis presented in the report suggests that SDG-related markets have the potential to grow two to three times faster than average GDP over the next five years – with many “unicorns” (start-ups valued at over US$1 billion) already finding major success in these sectors from mobility systems through to circular manufacturing.

Commenting on the launch of the report, Danilovich said: “The report makes clear that sustainability is no longer a luxury investment: it’s a core driver of business productivity and growth in the 21st Century. The Global Goals have created enormous opportunities for businesses willing to put sustainability at the heart of their operations.”

Danilovich added: “We believe the SDGs should be known as the BDGs – the Business Development Goals. There is a huge opportunity for business to drive the transition to a better and more just world. We want the BSDC report to inspire a new generation of business leaders who put sustainability first because it makes plain business sense.”

Many companies are already taking action to support implementation of the SDG’s. In fact, USCIB has launched Businessfor2030.org in 2015 to track initiatives and contributions that businesses have been making to achieve sustainable development through the prism of the SDG’s.

Better Business, Better World was launched at the Philanthropreneurship Forum in Vienna, Austria, and will also be discussed at the World Economic Forum in Davos, Switzerland.

To access the report, visit the Business & Sustainable Development Commission

 

Trade in the Digital Economy

USCIB Senior Vice President Rob Mulligan (center) at the BIAC/Business at OECD Trade Committee meeting in Paris
USCIB Senior Vice President Rob Mulligan (center) at the BIAC/Business at OECD Trade Committee meeting in Paris

On November 3, the Business at OECD (BIAC) Trade Committee met in Paris and received a briefing from Didier Chambovey, chair of the OECD Trade Committee. Chambovey provided an overview of the OECD’s key work streams and responded to questions from members about what the OECD is doing on digital trade, the future priorities for the WTO, and the nexus between trade and environmental policy. Rob Mulligan, USCIB’s senior vice president for policy and government affairs, who also serves as a vice chairs of the BIAC Trade Committee, attended on behalf of USCIB.

The BIAC committee also discussed updating its Trade Priorities paper to address the changing global environment and to include new issues for the OECD to tackle in its work. Members provided input at the meeting and a revised draft is being circulated for input with the goal of finalizing the updated paper early in 2017.  The committee also agreed to update its papers on several issues related to Colombia accession to the OECD and agreed on talking points for BIAC intervention at the OECD Trade Committee meeting relating to agricultural trade policy, trade in environmental goods as contributing to sustainable development goals and climate change, and reforming trade in services.

Mulligan and several other BIAC members also participated in the Global Trade Forum hosted by OECD on November 2. Panels of experts addressed the topic of how policy development can keep pace with new business models and the emerging digital economy. Discussions focused on trade and investment linkages in global value chains, trade policy making in the digital economy, and managing disruption. Pat Ivory, vice chair of the BIAC Trade Committee, presented on the digital trade policy issues and highlighted the BIAC paper on cross-border data flows. A key takeaway from the forum was that an integrated suite of policies will be needed to address the declines in trade and productivity as well as the anti-globalization sentiment that has grown over the past few years.

Bringing Trade and Investment Back on Track

 

POSTPONED

2016 OECD/USCIB/BIAC Trade and Investment Conference:

Bringing Trade and Investment Back on Track

 

 

The 2016 OECD/USCIB/BIAC Trade and Investment Conference: “Bringing Trade and Investment Back on Track”, scheduled for September 15 has been postponed. We will make an announcement when a new date for the conference is set in 2017.

 

ICC Launches Global Export Finance Committee

The launch of the ICC Global Finance Committee took place on September 7 in Barcelona, Spain.
The launch of the ICC Global Finance Committee took place on September 7 in Barcelona, Spain.

The International Chamber of Commerce (ICC) launched the “ICC Global Export Finance Committee,” an export finance working group supported by many leading banks across the export finance industry.

Operating under the umbrella of the ICC Banking Commission, the committee is the first step towards building a real global export finance community – representing medium- and long-term (MLT) export finance banks.

The Global Export Finance Committee has three key objectives:
  1. To create a credible standing global discussion forum of banking experts in MLT export financing,
  2. To create a representative body to discuss industry matters with various stakeholders,
  3. To advocate for and help develop improvements and efficiencies through the standardization and harmonization of processes and regulations.

“The Global Export Finance Committee fills a much needed role in the export finance industry,” said Eric de Jonge, head of structured export finance at ING Bank, who chairs the working group. “It aims to not only act as a discussion forum and a body to exchange information and views on export finance but also to enable improvements and increase the efficiency of the processes and regulations governing the export financing industry as a whole.”

Although the export financing industry as a whole is relatively small, it serves an important purpose for OECD governments as well as governments in emerging markets, enabling and facilitating international trade and economic activity. Indeed, governments in many countries are exploring how they can more efficiently support exports, investments and trade.

Not only has the industry observed changes in regulatory requirements such as Capital Requirements Regulation (CRR) and Basel III, it also faces changes in the value chain concerning Export Credit Agencies (ECAs). These developments, together with the involvement of the capital markets, mean it is necessary for banks active across the industry to reach a common approach.

ICC has already made a first step towards reaching a common approach through the inclusion of MLT trade and export finance products in the influential ICC Trade Register Report. The dedicated Trade Register working group has successfully evolved into a platform of active banks that are responsible for ECAs, and that supports transaction data gathering.

While the Trade Register working group focuses primarily on data gathering, there are many more topics relevant to the export finance industry. Cooperation with ECAs, advocacy before governmental and regulatory bodies, standardization, and harmonization, as well as the exchange of views and data to the extent allowed under anti-competition laws, are just a few of the areas that can be explored further by the ICC Global Export Finance Committee.

Download ICC Global Export Finance PDF Document here

Banking Positions Statements

Activity Heats Up Around Investor-State Dispute Settlement

Cecelia Malmstrom, EU Trade Commissioner
Cecelia Malmstrom, EU Trade Commissioner

Investment protections and especially Investor-State Dispute Settlement (ISDS) arbitration have emerged as a controversial and hotly debated provision of the Transatlantic Trade and Investment Partnership (TTIP) negotiations underway for nearly two years between the United States and the European Union. Criticism by anti-trade activists of ISDS has been intense in Washington, Brussels and around Europe where trade has not previously been as controversial or politicized as in Washington.

“New EU Trade commissioner Cecelia Malmstrom find herself in the spotlight, trying to walk a twisted tightrope with very challenging strands of political, ideological, and even a few substantive elements,” said Shaun Donnelly, USCIB’s vice president for investment and financial services. “She has her hands full.”

TTIP is a free trade agreement being negotiated by the United States and the European Union which, if agreed, is expected to create jobs and grow the economies on both sides of the Atlantic. ISDS is a legal instrument that allows investors to file claims against a foreign government.

Before unveiling to EU Trade Ministers and the European Parliament this week, Commissioner Malmstrom was in Washington on Monday to huddle with USTR Michael Froman, consult on the Hill and deliver a public speech at the Center for Strategic and International Studies. During the discussion at CSIS, ISDS figured prominently, with Malmstrom only hinting generally at approaches she would be proposing this week in Brussels.

“The Commissioner’s performance at CSIS was quite impressive but there are still more questions than answers on how the EU and the U.S. will handle ISDS in TTIP,” said Donnelly. “USCIB will continue to lead business communicate advocacy on both sides of the Atlantic for a strong Investment Chapter, including strong ISDS provisions, at the heart of TTIP.”

USCIB and member company representatives attended a panel at the Center for Strategic International Studies (CSIS) on May 5 where Malmström spoke about the European Commission’s proposal to revamp ISDS. Prior to Malmström’s speaking engagement at CSIS, Donnelly participated in an informal briefing for Congressional staff with Linda Dempsey (National Association of Manufacturers) and Scott Miller (CSIS) under the auspices of the Congressional TTIP Caucus.

USCIB has long been strongly advocating for investment protections in TTIP and America’s other trade agreements. Last week, USCIB joined over 60 business associations urging Congress to include investment protections, particularly investor-state dispute settlement (ISDS), in Trade Promotion Authority legislation. USCIB staff also made a strong business case for ISDS at speaking engagements at a TTIP stakeholders forum in New York on April 23, and at a seminar on Transatlantic energy issues in Washington, D.C..

In addition, earlier last month Eva Hampl, USCIB’s director for investment, trade and financial services, spoke on a panel on The Impact of Investor-State Dispute Settlement (ISDS) in TTIP at an International Investment Symposium hosted by the International Chamber of Commerce Young Arbitrators Forum, where she emphasized the importance of investment with Europe, since the EU-U.S. trade relationship is the largest in the world.

Read a new Congressional Research Service report on U.S. investment agreements.

Donnelly, a retired State Department Economic Officer/former Ambassador/former USTR trade negotiator, has, over the last 18 months, done five TTIP and ISDS public speaking tours around Europe for the State Department and U.S. embassies.  Donnelly is headed to Barcelona and Madrid in late May to carry USCIB messages on TTIP, investment, and ISDS.

Foundation-Sponsored Study Weighs the Impact of Future Technologies on Employment

The United States Council Foundation, USCIB’s educational arm, is supporting a series of roundtable discussions to that seek to answer questions concerning human capital requirements in the 21st century, and the impact technology is having on education and labor markets.

The second roundtable, held last February, was part of a larger grant to the Center for Curriculum Redesign, founded by Charles Fadel (the chair of BIAC’s education committee) from the William and Flora Hewlett Foundation. The grant funded a research assistant to work with David Autor, and labor economist at the Massachusetts Institute of Technology, to update a 2003 study co-authored by Autor on “The Changing Task Composition of the U.S. Labor Market,” and to report those findings as part of the second roundtable discussion.

The summary of Autor’s findings and discussion at the second roundtable, exploring the question of “Man and Machine: the Impact of Technology on Employment,” is now available. Others who have supported this project along with the United States Council Foundation include AT&T, Dow Chemical Company, Deloitte and the McGraw Hill Research Foundation.

A third roundtable is scheduled to take place February 26, 2014 in New York City, hosted by McGraw Hill Financial.

More on the United States Council Foundation

USCIB 2012 Leadership Award Dinner

leadership_award_dinner_2012

The Waldorf-Astoria, New York City

Reception 6-7 p.m., followed by dinner 7-9 p.m. Business attire.
**Please beware that traffic conditions in and around The Waldorf-Astoria will be heavy that evening due to the Rockefeller tree lighting ceremony.

Click here for sponsorship information

BIAC_50th_logo
leadership_award_2012
The International Leadership Award
Katty_Kay
Katty Kay

Join USCIB Chairman Harold (Terry) McGraw III and hundreds of USCIB’s members and friends at our 2012 International Leadership Award Dinner. This annual gala event brings together industry leaders, government officials and diplomats to celebrate international cooperation in support of open markets, competitiveness and innovation, sustainable development and corporate responsibility.

This year we honor BIAC, the Business and Industry Advisory Committee to the OECD, on its 50th anniversary in recognition of its work to improve the global framework in which American business competes. BIAC Chairman Charles Heeter and Secretary General Tadahiro Asami will accept the award on behalf of BIAC’s worldwide membership.

Our keynote speaker is Katty Kay, lead anchor of BBC World News America, who will discuss business and leadership at a time of profound global change. Kay has served as the BBC’s Washington correspondent, and has reported from Zimbabwe, South Africa, London and Tokyo. Based in Washington, Kay covers the full gamut of American and global affairs. She is a frequent guest commentator on NBC’s Meet the Press and co-authored the New York Times best-seller Womenomics: Write Your Own Rules for Success.

Click here to download the sponsorship information packet. Please contact Abby Shapiro (ashapiro@uscib.org), SVP for Business Development, to discuss sponsorship or any other aspect of the event.

2012 Annual Dinner Sponsors

 

Leadership Partners:

Chevron
Deloitte
ExxonMobil
Philip Morris
McGraw-Hill

 

 

Dinner Partners:

Dow
Oracle
 

 

Program Partners:

AT&T

Coca-Cola

DuPont
FleishmanHillard
News_Corporation
Poongsan

Roanoke

Verizon

Media Partner:

 

CNN

 

Supporting Organizations:

U.S. Chamber of Commerce
Manhattan Chamber of Commerce

 

Highlights from the 2011 International Leadership Award Dinner

Click below to view video clips from 2011’s International Leadership Award Dinner, which honored Andrew N. Liveris, Chairman and CEO of The Dow Chemical Company. Former President Bill Clinton was among those paying tribute to Liveris, who in his acceptance remarks offered his views on how we can lay a path for future innovation and growth in overseas markets, and work together to rejuvenate American manufacturing.


Video tribute to Andrew Liveris


Remarks by President Clinton

Click here to read Mr. Liveris’s prepared remarks. Click here to read the post-event press release.

Member Staff News Winter 200708

Ronnie Goldberg
Ronnie Goldberg

USCIB Members Go Above and Beyond

A growing number are taking on the mantle of leadership, helping represent industry in key global forums

By Ronnie Goldberg

USCIB Executive Vice President – Policy and Program

USCIB often describes itself as a member-drive organization. For USCIB staff, that phrase conveys a variety of messages. It means, of course, that our members provide our financial support, and that your concerns and needs determine our policy priorities. But it also means that we have the privilege and pleasure of working directly with you, day in and day out. And it means that we owe a special vote of thanks to many of you for the time and trouble you personally dedicate to achieving our common goals. USCIB could not pursue its mission without you.

A growing number of USCIB members are giving the phrase “sweat equity” a whole new meaning. In addition to leading and participating in innumerable USCIB committee meetings, teleconferences and drafting sessions, they are regularly called upon to play leadership roles in our international affiliate organizations – for example, Charles Heeter
(Deloitte), currently chairman of BIAC. Members serve as officers-ud-736-UD-736 on BIAC and ICC policy committees – e.g., Geoffrey Gamble (Dupont), chair of the BIAC Trade Committee, or Michael Reilly
(Johnson & Johnson), vice chair of the BIAC Taxation Committee, or John Manfredi (Manloy Associates), who chairs the ICC Marketing & Advertising Commission, to name but a few.

Members devote countless hours to the details of international treaty negotiations – witness Ernie Rosenberg (Soap & Detergent Association) in the UN chemicals management talks, or Brian Flannery (ExxonMobil) in the UN climate negotiations. They ensure that the voice of business is heard in vital international forums – Joseph Alhadeff
(Oracle) in the UN Internet Governance Forum, David Benjamin
(Universal Music), in the BASCAP (Business Action to Stop Counterfeiting and Piracy) initiative, Susan Crowley (Merck) in the World Health Organization.

USCIB members regularly provide our dedicated and talented staff with invaluable information, advice and expertise, on issues as diverse as nanotechnology – Rick Johnson (Arnold & Porter) – and Chinese regulatory policy – Tad Ferris (Holland & Knight) – subjects we could not hope to cover without your help.

In 2007, USCIB staff logged more miles, traveling to more far-flung international negotiations and meetings, than ever before. We expect 2008 to be even busier. Representing your interests in this way is our day job. But we could not do our jobs without the business leadership you exemplify, when you add USCIB citizenship to your own day jobs.

This message has singled out only a small sample of those we would like to recognize. Our appreciation extends to many more. We’re sure you know who you are. Thank you.

Roger Krueger Remembered

It was with great sadness that we learned of the death of Dr. Roger Krueger of Monsanto, who chaired ICC’s task force on the Convention on Biological Diversity, December 28 following a courageous fight with brain cancer. Dr. Krueger remained characteristically optimistic and continued his longstanding effort to improve the business community’s engagement in and contribution to the CBD throughout his last months. The CBD’s Executive Secretary has indicated his intention to publish a tribute to Roger. To honor his lifetime commitment and work on sustainable agriculture, the Krueger family has asked, in lieu of flowers, that donations be made to the Donald Danforth Plant Science Center (975 North Watson Road, St Louis, MO 63132).

USCIB Staff News

Josefa Sicard-Mirabal, director for North America with the ICC International Court of Arbitration, was recently named one of the 20 leading Latinas in business by Hispanic Business magazine. Josefa, who is based in USCIB’s New York headquarters, was also presented with the Corporate Leadership Award by the Dominican Women’s Development Center at its October gala dinner in New York. … We are delighted to welcome Jessica Berti to the USCIB team as a program assistant in USCIB’s Policy and Program Department. Jess is a graduate of Boston University and previously worked at the law firm of Weitz & Luxenberg.

 

Privacy Policy

This is the website of the United States Council for International Business (USCIB).

Our postal address is:

1212 Avenue of the Americas
New York, NY 10036

We can be reached by telephone at (212) 354-4480.

USCIB maintains a website with two broad categories of users:

  • Visitors
  • USCIB Members

USCIB is committed to protecting the privacy of visitors and members.  To that end, below you will find the privacy policies related to each category.

 

VISITOR and MEMBER PRIVACY POLICY

Information Automatically Collected from Visitors and Members:  Visitors to our website browse anonymously unless they volunteer individually identifiable information (see Volunteered Information).  Our Web server does not automatically collect any information regarding the visitor’s e-mail address.  Any other information collected, such as originating domain, time of visit, connection speed, and pages accessed is maintained in aggregate form.   USCIB makes no attempt to correlate such information to an individual user.  This information is not individually identifiable and will only be used to improve the performance and responsiveness of our website.

Individually identifiable information Volunteered from Visitors and Members:  We collect the e-mail addresses of those who communicate with us directly via e-mail (as opposed to general Web visitors). All information volunteered by the visitor, such as survey information and/or site registrations (e.g. name, email, address, fax number) may also be retained.  Except for information needed to communicate back with a visitor to respond to their specific request (need to e-mail, mail or fax further information, etc.), no part of the visitor site requires the visitor to provide individually identifiable information.  This information is for internal use only and will only be shared with third parties if needed to complete a request (e.g. shipping company).

Individually identifiable information Voluntarily Provided by Members on the Members Only Portion of Our Site:  The USCIB website includes a Members Only section from which Members can access internal USCIB documents and register for USCIB meetings, etc.  To log on to the Members Only section, a member’s name, email address, and company name will be stored in order to link the member with his/her password.   To log on to the Members Only portion of our site, Members are required to provide a unique password for identification and security purposes.  We only collect individually identifiable information (e.g. name, title, company name, work address, work telephone number, work fax, work e-mail address, credit card account information) voluntarily provided by members, such as for online meeting registration.

Security of Individually identifiable information:  USCIB takes reasonable measures to ensure the security of individually identifiable information stored on our website through the use of standard Internet security measures like firewalls and encryption.  Only necessary employees have access to secure individually identifiable information and those employees must use a password to access that information.

Access to Individually identifiable information:  Upon request, visitors and Members will be provided a copy of the individually identifiable information that we store about them in order for them to correct and/or update that information.  To obtain a copy of this information, please contact us at (212) 354-4480. Please note that we may request information to ensure the identity of the individual requesting access to individually identifiable information.

 

OTHER RELEVANT INFORMATION:

Links to Other Websites:  Our website provides links to other websites. No individually identifiable information is shared between USCIB and these other websites.  Once a visitor or member leaves the USCIB website, they are subject to the policy of the new site to which they have hyperlinked and should consult that sites privacy policy for its information practices.

Internet as an Evolving Medium:  The Internet is an evolving medium.  Therefore, USCIB may from time to time update its privacy policy.  If the policy is updated, its application will only be from the date of posting forward.  If the updated policy is applied retroactively relevant parties will be notified and will be offered the opportunity to opt-out from the retroactive application.