Policy Priorities

uscib-priorities-hdr-012516

USCIB advocates for international legislative and regulatory regimes that affirm the essential role of business in building a prosperous and sustainable global economy. As the main business interface with international institutions, USCIB ensures that U.S. business has a seat at the table to inform international policy development. Here are USCIB’s policy priorities for 2016.

I. Growth, Jobs and Open Markets

U.S. prosperity and job creation require open investment and trade regimes, including policies that recognize the critical importance of participation by American companies in dynamic global value chains in the 21st-century economy. That’s why we need:

An Ambitious U.S. Trade Agenda

  • Secure approval of a high-standard Trans-Pacifi c Partnership agreement this year in Congress
  • Negotiate an inclusive, high-standard Trans-Atlantic Trade and Investment Partnership agreement
  • Ensure a signifi cant Environmental Goods Agreement that drives innovation through value chains
  • Secure entry into force this year of the WTO Trade Facilitation Agreement
  • Support bipartisan Congressional approval of Customs reauthorization legislation

Policies that Promote & Protect Cross-Border Investment

  • Eliminate policies requiring forced localization and restricting cross-border data flows
  • Ensure a high-standard investment chapter in TTIP, including strong investor-state dispute settlement
  • Deliver business views to U.S. government on the U.S.-China BIT negotiations and future BIT candidates, including India
  • Continue USCIB leadership globally for strong investment rules, policies and agreements

Business Leadership on Economic Growth, Job Creation & Sustainable Development

  • Press key IGOs, U.S. government, APEC, OECD and G20 labor ministers for flexible labor markets, women’s economic empowerment, pro-growth labor policies and youth employment
  • Track UN implementation of the 2030 development agenda and sustainable development goals
  • Weigh in at APEC in areas of special USCIB expertise (e.g., chemicals, customs, privacy, health)

II. Competitiveness and Innovation

As the primary source of innovation and the technologies that will help address society’s most pressing challenges, the private sector needs access to key markets, resources and talent. That’s why we need:

Tax Policies that Promote U.S. Competitiveness

  • Protect and encourage cross-border trade and investment with predictable fiscal environments
  • Ensure outcomes of OECD’s Base Erosion and Profit Shifting project that minimize double taxation and promote resolution of disputes

Policies that Foster New Information & Communications Technologies

  • Promote investment, competition, innovation, “light touch” regulation aligned with marketplace realities, interoperable regulatory requirements and respect for rule of law at the OECD’s 2016 Digital

Economy Ministerial

  • Maintain internet stability through a seamless transition of the Internet Domain Name System stewardship functions and implementation of strong accountability mechanisms for ICANN
  • Promote risk-management based models for cybersecurity in the OECD and other forums
  • Enact privacy regulations that do not impede cross-border data flows or hamper innovation
  • Maintain the multistakeholder model for Internet governance to ensure a sustainable internet
  • Recognize that IP protection is the bedrock for innovation and foreign direct investment

III. Business and Society

Companies increasingly seek to address their impact on the societies where they operate and need recognition and support from policy makers to continue to improve performance. That’s why we need:

Policies that Recognize & Respect the Different Roles of Governments & Business in Ensuring Respect for the Rule of Law & Human Rights

  • Maintain consensus on the state duty to protect human rights and companies’ commitment to respect human rights, as outlined in the UN Guiding Principles on Business and Human Rights
  • Support voluntary approaches and public-private partnerships for enhancing corporate responsibility, particularly with regard to CSR/sustainability reporting
  • Ensure effective and targeted global and national regulatory regimes that combat bribery, corruption and human trafficking by incentivizing all actors, including governments, to behave responsibly

Business Input on Policies Dealing with Global Labor Relations & Healthcare Challenges

  • Focus on supporting the ILO’s work to improve capacity of national governments to implement and enforce labor laws
  • Reinforce the need for ILO-International Finance Corporation “Better Work” program and similar multistakeholder capacity-building initiatives
  • Provide U.S. business input to industry and multistakeholder initiatives to improve working conditions in supply chains
  • Support consumer information and education initiatives, responsible marketing and advertising, product reformulation, promotion of healthy lifestyles and fostering research at the OECD and the UN Food and Agriculture Organization

IV. Sustainable Development and Resource Use and Management

A strong private-sector role is essential to ensure wise management and use of resources, effective environmental stewardship and greener growth. That’s why we need:

Cost-Effective & Cooperative International Environmental & Energy Policies

  • Address the challenges of climate change through efficiency, mitigation, adaptation and resilience
  • Provide multilateral solutions to trans-boundary environment, energy and climate challenges and reject unilateral, arbitrary measures that disqualify technology or energy options
  • Ensure risk, science and life-cycle approaches to chemicals management in APEC and the UN
  • Support voluntary labeling and access to environmental information that protects confidential business information and provides credible information for consumer choices

Pro-Growth, Market Oriented Policies that Promote Sustainable Development

  • Develop multilateral and national partnership frameworks to incentivize private sector involvement in sustainable development planning, implementation and risk allocation minimization and management
  • Maintain technology neutral policies and other enabling frameworks to encourage trade and investment in cleaner technologies and energy sources

Get the printer friendly version.