Featured Story Accented Stories Archives

USCIB Celebrates International Women’s Day and Joins UN in Calling for Continued Investment in Women 

Published on March 8, 2024

New York, NY, March 8, 2024 — The United States Council for International Business (USCIB) celebrates International Women’s Day. USCIB also welcomes the United Nations’ 2024 theme of “Invest in women: Accelerate progress” and believes that investment in women is a human rights imperative.  

USCIB and its members have long championed the critical role of gender equality, support for female change-makers and implementation of gender-responsive financing. USCIB is also proud to be led by Whitney Baird, the first female President and CEO in the organization’s 79-year history, as of September 2023. 

“Through our engagement in the International Chamber of Commerce (ICC), the International Organization of Employers (IOE) and Business at OECD (BIAC), we will continue to work with our business counterparts around the world to address gender equality barriers that continue to confront women and girls and to accelerate progress for women everywhere through adequate investment and effective policies,” said USCIB Director for Corporate Responsibility and Labor Affairs Ewa Staworzynska. 

About USCIB: 

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org. 

USCIB Advocates for US Business Interests at OECD Responsible Business Conduct Events in Paris

Published on March 6, 2024
Jose Arroyo

The OECD hosted its annual Forum on Due Diligence in the Garment and Footwear Sector late last month, along with a series of side events on responsible business conduct (RBC) workstreams. This year’s OECD Forum addressed various issues, with a particular focus on living wages and binding company-union agreements in due diligence processes.

In recent years, the OECD has intensified its work in RBC standards and guidance for companies. USCIB, with its in-person engagements and partnership with Business at OECD (BIAC), advocates to ensure that those workstreams, especially those closely related to labor affairs, are consistent with parallel initiatives in other international agencies, such as the International Labor Organization (ILO).

“It is critical that the OECD ensures that new standards are implementable on the ground,” said Jose Arroyo, policy manager for Corporate Responsibility and Labor Affairs at USCIB, who represented U.S. business at the OECD. Arroyo underscored the pioneering role of U.S. businesses in RBC practices and emphasized the importance of clear, concise, and implementable guidance for business. Some of the OECD work includes guidance on responsible purchasing practices and meaningful engagement with workers via due diligence.

Arroyo emphasized the importance of OECD cooperation with other non-OECD countries, particularly in high-risk geographical zones where divestment risks are prevalent. “Meaningful cooperation and implementable standards are essential, ultimately benefiting local communities”, he said.

USCIB will maintain its strong engagement with OECD RBC workstreams.

 

USCIB Joined Multi-Association Letter Opposing Expansion of WTO TRIPS Waiver 

Published on March 6, 2024

USCIB co-signed a multi-association letter to the Biden Administration at the end of February strongly opposing the proposed expansion of the WTO TRIPS waiver to cover COVID-19 diagnostics and therapeutics. The letter was addressed to Secretary of State Antony Blinken, USTR Katherine Tai, Secretary of Commerce Gina Raimondo and White House Chief of Staff Jeffrey Zients.  

The letter advanced the same arguments USCIB made in its submission last year to the U.S. International Trade Commission (Investigation No. 332-596) on the TRIPS waiver extension: the extension would undermine innovation, global health security as well as research and development for products that are fundamental to fighting global crises. USCIB was deeply disappointed with the TRIPS waiver for COVID-19 vaccines announced at the WTO in June 2022. Extending the waiver to diagnostics and therapeutics would further erode international rule of law.

As such, USCIB welcomed the outcome at the 13th WTO Ministerial Conference in Abu Dhabi last week to table this proposal.  

“For nearly 30 years, the WTO TRIPS Agreement has served its role well in providing the global legal architecture for supporting and driving innovation,” said USCIB Senior Vice President for Trade, Investment and Digital Policy Alice Slayton Clark. “The waiver extension would have represented a virtual death knell not only for the pharmaceutical industry but also for innovative industry writ large.” 

 

USCIB Represents US Business at 6th Session of the UN Environment Assembly  

Published on March 6, 2024
Chris Olsen and Agnes Vinblad

The 6th Session of the United Nations Environment Assembly (UNEA-6) concluded on March 1 in Nairobi, Kenya. After extensive and, at times, challenging negotiations, Parties adopted 15 resolutions, two decisions and a Ministerial Declaration. According to USCIB Director of Environment & Sustainable Development Agnes Vinblad, UNEA-6 outcomes advance work on further strengthening cooperation for national implementation of multilateral environmental agreements, the sound management of chemicals and waste, enhanced regional cooperation on air pollution, solutions for strengthening water policies, combatting land degradation and more.

As the highest decision-making body on the environment, UNEA decisions shape the global policy agenda across all Multilateral Environmental Agreements (MEAs). This session of the Assembly was held under the theme “Effective, inclusive and sustainable multilateral actions to tackle climate change, biodiversity loss and pollution” with an overall focus on how to increase synergies between MEAs to solve the triple planetary crises.  

USCIB holds official observer status to the UN Environment Programme (UNEP) and has been active participants in the UNEA process since its inception in 2014. The USCIB delegation to UNEA-6 included Vinblad, USCIB Policy Manager for Trade & Regulation Chris Olsen and USCIB member company Enveda Biosciences’ Director of Policy and Development Tendai Chisow.

Joining over 5,600 people from across 190 countries at UN Environment Programme (UNEP) headquarters in Nairobi, USCIB advocated for constructive business considerations and engaged through the UNEP Business and Industry Major Group – the formal UNEP constituency group for business.  

“The strong outcomes from UNEA-6 yet again shows the critical importance of multilateralism,” said Vinblad. “In a world fraught by conflict and economic uncertainty, the ability of Member States to come together in agreement to work together towards solving some of our most urgent global challenges certainly sends a strong signal on the key role that Multilateral Environmental Agreements continues to play.”   

The 2024 Assembly also included the first ever MEA Day on February 28, which highlighted the role of agreements such as the Kunming-Montreal Global Biodiversity Framework and the Paris Agreement. 

The 13th WTO Ministerial Conference Falls Short But Delivers Some Wins for Industry

Published on March 5, 2024

Renewal of e-commerce moratorium and intellectual property rights secured

New York, N.Y., March 04, 2024—The United States Council for International Business (USCIB) welcomes outcomes from the WTO 13th Ministerial Conference in Abu Dhabi on two key objectives for U.S. industry: a two-year extension of the moratorium on customs duties on electronic transmissions and a rejection of efforts to waive intellectual property protections for COVID-19 diagnostics and therapeutics.

“If the moratorium had expired it would have been an historic setback, representing an unprecedented termination of a multilateral agreement that has allowed the digital economy to take root and grow over the past 25 years,” said President and CEO Whitney Baird who represented USCIB at the ministerial last week. “USCIB is similarly pleased that the WTO failed to extend a TRIPS waiver to diagnostics and therapeutics, a move that would have undermined innovative industries, global health security and international rule of law.”

Another positive outcome, according to Baird, 72 nations officially adopted the Joint Statement Initiative on Services Domestic Regulation, simplifying rules for over 90 percent of the world’s trade in services. USCIB joined the International Chamber of Commerce (ICC), for which it serves as the U.S. national committee, in welcoming the move. The agreement text had been concluded in December 2021. USCIB also hails progress at the WTO mapping out linkages and exploring best practices in consultation with industry on trade related aspects of circularity, climate, plastics and other policies aimed at advancing sustainability goals.

The outcomes in Abu Dhabi were mixed, however. USCIB is disappointed that MC13 failed to deliver agreements on agriculture, dispute settlement and fisheries, adding uncertainty to a multilateral trading system already under intense strain. “USCIB looks forward to working with the WTO to deliver outcomes in these sectors favorable to U.S. industry,” said Baird. “As the cornerstone for open, fair and reliable global trade, the WTO is too important to industry to fail.”

USCIB was on the ground in Abu Dhabi with a strong showing of member companies and the ICC, promoting robust digital and innovation safeguards, U.S. leadership on disciplines for sustainable trade, and enhanced roles for plurilateral negotiations and stakeholder engagement at the WTO.

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence.  Its members include U.S. based global companies and professional services firms from every sector of the economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million workers worldwide. As the U.S. affiliate to several leading international business organizations, including the ICC, USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and development. More at  www.uscib.org.

USCIB Issues 2024 Priorities and Recommendations for APEC

Published on February 29, 2024

USCIB has issued this year’s priorities and recommendations that USCIB and its members would like to see advanced in the Asia-Pacific Economic Cooperation (APEC). This annual priorities document reflects critical issue areas across USCIB’s primary workstreams related to APEC. USCIB has always been a longstanding and steadfast contributor to APEC workstreams and stands ready to provide business inputs to advance APEC goals and objectives for 2024 and beyond.   

APEC also reflects USCIB’s longstanding and guiding objectives of promoting open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence.  

“USCIB values the committed partnerships that APEC has established with the private sector to address the many economic opportunities available to foster greater integration between APEC’s member economies,” said USCIB Senior Vice President for Trade, Investment and Digital Policy Alice Slayton Clark. 

“We laud the excellent work accomplished during the 2023 U.S. APEC host year and look forward to an equally productive 2024, exploring new topics for outcomes and deliverables as Peru takes the helm,” added Clark.  

Baird Contributes to Business at OECD’s Consultation With OECD Leadership

Published on February 27, 2024
USCIB President and CEO Whitney Baird

USCIB President and CEO Whitney Baird joined business leaders from Business at OECD’s (BIAC) expansive global network for BIAC’s Annual Consultation with OECD leadership and ambassadors in Paris. The theme for this year’s consultation was Charting the Course for Competitiveness, urging the OECD to reinforce the competitiveness of market-based democracies.

Baird served as a business speaker on a discussion around inspiring a better future globally.

“In an increasingly geopolitical setting, business looks to the OECD and member governments for meaningful cooperation, pragmatic diplomacy, and effective inclusive multilateralism,” she said.

Rick Johnston

BIAC Chair Rick Johnston (Citigroup), who also serves on the USCIB Board and chairs USCIB’s Trade and Investment Committee, led the delegation. Johnston also underscored BIAC priorities for OECD policymaking, stressing the need for the OECD to put a clearer spotlight on the cost and ease of doing business in its member countries.

According to BIAC, this strategic engagement at the outset of the year sets the tone for follow-up business advocacy with the OECD and its 38 Member States; BIAC is now preparing for the annual OECD Ministerial Council Meeting in May, which will be chaired by Japan.

USCIB Supports First-Ever Multilateral Agreement on “Living Wage”

Published on February 27, 2024

New York, NY, February 27, 2024–This weekend, the International Labor Organization (ILO), the UN entity responsible for setting international labor standards, reached the first-in-history multilateral agreement on the concept of a “living wage.” The alignment on the concept, negotiated between workers, employers and governments, was part of the outcome of a week-long expert meeting on wage policies, including living wages.

In recent years, there has been a rise in political pressures on ensuring wage levels that can ensure a decent standard of living and an increase in living wage initiatives and consulting firms, claiming to help companies set correct wage levels. Yet, as reported by the ILO, such initiatives have largely been ignoring the second pillar of wage-setting, namely economic factors. The expert meeting provided clarity on this and underscored that a wage-setting process must take into account both the needs of workers and economic factors.

“We are proud to have reached multilateral alignment on the concept of a ‘living wage,’” said Ewa Staworzynska, director of corporate responsibility and labor affairs at USCIB, who represented American business during the expert meeting, together with Ryan Larsen, group director, international labor relations at Walmart. “In order to set sustainable wages and not disrupt employment levels, it is critical that wage-setting processes couple the estimates of needs of workers with economic factors, such as macroeconomic stability and productivity levels.”

The full conclusions, including the ILO’s description of the concept, is expected to be published in the coming days.

About USCIB
The United States Council for International Business (USCIB) advances the global interests of American business. We do so through advocacy for an open system of world trade, finance, and investment, where business can flourish and contribute to economic growth, human welfare, and environmental protection. We are the sole U.S. affiliate of the International Chamber of Commerce (ICC), Business at OECD (BIAC) and the International Organization of Employers (IOE). USCIB is also the only U.S. business organization with standing at the UN Economic and Social Council (ECOSOC), and is recognized at the UN Environment Program (UNEP), UN Framework Convention on Climate Change (UNFCCC) and the UN Convention on Biological Diversity (UN CBD).

USCIB in the News: Bloomberg, Tax Notes Quote Rick Minor on New OECD Report on Amount B

Published on February 22, 2024

SVP Rick Minor was quoted in both Bloomberg and Tax Notes this week following the February 19 release of the OECD’s new report on Amount B, one of the key components of Pillar One of the OECD’s global two pillar solution project.

In Bloomberg Tax, Minor said: “I feel there remains a degree of uncertainty regarding the prospects for broad adaptation of Amount B, directly and indirectly, on which we had placed considerable value from the outset.” Minor expressed concerns “in the context of a mutual agreement procedure, where a treaty partner isn’t obligated to accept the Amount B analysis of another jurisdiction if the first treaty partner doesn’t agree to Amount B.”

To access the full Bloomberg article, please click here to read with a subscription.

The Tax Notes article, titled, OECD Sets Out Amount B Transfer Pricing Simplification Framework, is also available with a subscription and can be found here.

USCIB Meets with OECD to Share US Industry Accession Priorities 

Published on February 21, 2024

USCIB organized a member briefing on February 14 with OECD officials to discuss the accession process and to share USCIB Members’ market access concerns regarding the five accession candidates: Brazil, Bulgaria, Croatia, Peru and Romania. USCIB also shared with the OECD officials an updated business priorities document, detailing industry concerns for each of the accession candidates. 

Members learned that the candidacies of Croatia, Bulgaria, Peru and Romania are most advance as they consider the accession process a national priority. According to USCIB Senior Vice President for Trade, Investment and Digital Policy Alice Slayton Clark, Brazil is taking a more cautious position, setting up a working group on OECD matters to determine how to approach accession. Interestingly, the new administration of Javier Milei in Argentina seems committed to moving forward with adoption of a roadmap for accession after putting the invitation on pause for the past two years. Finally, Thailand has requested to accede, and the OECD announced this week it is opening accession talks with Indonesia, a process that will take many years.     

It was made clear during this meeting that OECD accession provides powerful leverage for adoption of reforms in candidate countries, an opportunity for industry to resolve market access concerns. It is imperative to act early in this regard and provide detailed input that can be incorporated into market openness reports used to measure candidate country readiness.  

One main area of concern raised during the discussion was candidate country positioning on the moratorium on customs duties on electronic transmissions, a question that will be considered at next week’s World Trade Organization (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi. USCIB urged that all OECD members and accession candidates fully support the moratorium to be in alignment with OECD research, principles and best practices. 

Click here to download USCIB’s OECD Accession Priorities document.