USCIB Urges Ongoing US-China Negotiations

Washington, D.C., August 13, 2019 – In response to President Trump’s announcement earlier today to delay implementation of a ten percent tariff on imports from China, the United States Council for International Business (USCIB), which represents America’s most successful global companies, urged the U.S. and China to continue negotiations toward a comprehensive agreement.

“Simply delaying harmful tariffs on a select number of particularly impacted products from September 1 to December 15 is not a solution,” said USCIB President and CEO Peter Robinson. “It is crucial for the United States and China to engage in continuous discussions in order to reach a negotiated outcome with the goal of removing these tariffs and eliminating market barriers and discrimination.”

Robinson noted that American business continues to have major problems with China’s commercial policies and urged the Trump administration to work more closely with key U.S. trading partners and with the business community to address serious Chinese trade abuses, including referring U.S. complaints to the World Trade Organization.

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of several 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
+1 212.703.5043, jhuneke@uscib.org

USCIB Unveils Nationwide Incoterms® 2020 Seminars

New York, August 13, 2019 – With the International Chamber of Commerce (ICC) set to publish the latest update is to its essential Incoterms® rules for cross-border trade, its American national committee, the United States Council for International Business (USCIB), has announced plans for a nationwide series of seminars to train users in Incoterms® 2020.

Facilitating trillions of dollars in global trade each year, the “international commercial terms,” or Incoterms® rules, are a commonly accepted set of definitions and rules governing commercial trade activity. Updated approximately every ten years, the latest Incoterms® 2020 revision will be released worldwide next month.

USCIB’s training seminars will be led by renowned Incoterms® expert Frank Reynolds, CEO of International Projects Inc., who represented the United States in the ICC working group that drafted the 2020 revision.

“As America’s foremost Incoterms® authority, Frank Reynolds is uniquely qualified to explain these rules as they apply to U.S. trade practice,” said USCIB President and CEO Peter Robinson. “Frank brings over 50 years of hands-on practical expertise to ICC’s Incoterms® 2020 revision, and he has provided essential instruction to users on several previous revisions.”

Visit www.incoterms-for-americans.com for the full list of upcoming U.S. Incoterms® 2020 training seminars, and to register. To pre-order digital or print copies of the Incoterms® 2020 rules, visit the USCIB International Business Bookstore. ICC’s official worldwide launch of Incoterms® 2020 is set for mid-September.

USCIB has established a central information page on its website for all the latest developments surrounding the introduction of Incoterms® 2020. Go to uscib.org/about-incoterms-2020 for more information.

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of several leading international business organizations, including ICC, 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
jhuneke@uscib.org, +1 212.703.5043

New Business Partnership for Sustainable Development Launched

USCIB Vice President Michael Michener (left) and BPSD Executive Director Scott Ratzan at the New York launch event

New York, N.Y., July 17, 2019 – The USCIB Foundation, Inc., an educational and research foundation affiliated with the United States Council for International Business (USCIB), today announced the launch of Business Partners for Sustainable Development (BPSD).

BPSD will create new international public-private partnerships in support of the UN Sustainable Development Goals (SDGs). It will provide a framework for government, business and civil society to share information, resources, activities and capabilities, and work in collaboration to achieve objectives together that the sectors cannot achieve independently. BPSD will facilitate partnerships, identify creative solutions, leverage proven strategies, measure progress and report results.

All BPSD initiatives will be based on four pillars of partnership:

  • Inclusion: Bringing together all stakeholders to establish accountability, shared risk and mutually beneficial objectives.
  • Innovation: Fostering forward thinking, collaborative solutions and imaginative partnership strategies for implementation.
  • Influence: Leveraging thought leadership and digital resources to promote the role, explain the benefits and achieve the impact of multisector engagement on achieving the SDGs.
  • Impact: Adapting or developing credible techniques for measuring, monitoring and evaluating the impact of public private partnerships.

“We want BPSD to be an important step forward in facilitating successful and impactful public private partnerships to achieve the SDGs,” According to Michael Michener, USCIB’s vice president for product policy and innovation.

Dr. Scott Ratzan will serve as executive director of BPSD. Ratzan will serve in a part-time leadership role developing the strategic priorities for the center, directing its initial activities and advancing the visibility of the BPSD within multilateral organizations and the U.S. government.

“Scott Ratzan brings extensive experience and keen insight for setting the future direction of BPSD to achieve the SDGs,” stated USCIB President and CEO Peter Robinson. “I am honored to join in a leadership capacity to advance this important mission,” said Ratzan. BPSD will be a leader and an innovator in advancing successful and impactful public private partnerships to achieve the SDGs.”

Ratzan recently served as senior fellow at Mossavar Rahmani Center for Business & Government, Harvard Kennedy School. He has multi-sector program experience with AB InBev, Johnson & Johnson, U.S. Agency for International Development (USAID) and a number of leading academic institutions.

At Harvard, Ratzan led a team where he developed Guiding Principles for Multisector Engagement for Sustainable Health, building upon experience from a number of partnerships he pioneered including Together for Safer Roads, Mobile Alliance for Maternal Action, Global Smokefree Worksite Challenge. and the Global Smart Drinking Goals. Ratzan also served as CoChair of the UN Secretary General’s Every Woman Every Child Innovation Working Group, as Vice Chair of the Business Industry Advisory Council’s Health Committee to the OECD and also on the World Economic Forum Global Agenda Council on Health & Well-being.

About The USCIB Foundation, Inc.: Since 1980, The USCIB Foundation has been dedicated to a single mission: advancing the benefits of a free market economy and promoting the essential role of the private sector in stimulating economic growth and progress in social development. Today, the Foundation pursues that mission through a portfolio of initiatives that strives to inform future choices made by stakeholders and policy makers that benefit people around the world.

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. As the U.S. affiliate of several leading international business organizations, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment.

USCIB Objects to Implementation of Digital Service Taxes by France

Washington, D.C., July 17, 2019 – Responding to the recent announcement by France to implement a digital service taxes (DST), the United States Council for International Business (USCIB), which represents America’s most successful global companies, urges countries to avoid unilateral measures and instead pursue a consensus-based, comprehensive and income tax-based solution. USCIB supports the OECD Inclusive Framework process for reaching agreement on these global issues.

The French law will impose a tax of three percent on certain revenue earned by technology companies including advertising, commissions from digital marketplaces and sales of data.

“Taxes on revenues are distortive,” said USCIB Vice President for Tax Policy Carol Doran Klein. “The total tax may exceed company profit and misallocate profits to the market jurisdiction. Any solution should be treaty compliant and designed to avoid controversy. It should tax income based on where value is created by companies, including appropriate recognition of where intangibles are created. Furthermore, any solution should not discourage innovation.”

Klein also warned that the French tax will not be easy to implement and will put a significant burden on companies to set up systems to track global revenues. “Implementing such new systems would be both time consuming and expensive – not simple or easily implemented – and would divert company resources from useful profit-making activities.”

“It is unfortunate that France has decided to repeat the mistakes identified in the debate over the unsuccessful EU DST,” said Bill Sample, chair of USCIB’s Tax Committee. “I urge France to focus their energies on reaching a consensus solution within the OECD’s Inclusive Framework for a sustainable international tax system that recognizes innovation and production and minimizes the adverse impact of the costs of double taxation on business investment and growth.”

USCIB reiterated its concerns in a letter to the government of New Zealand, which is also looking at options for taxing the digital economy.

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contact:
Jonathan Huneke, USCIB
+1 212.703.5043, jhuneke@uscib.org

USCIB Applauds Approval of OECD Principles on Artificial Intelligence

Washington, D.C., May 22, 2019 – The United States Council for International Business (USCIB), applauds the Organization for Economic Cooperation and Development’s (OECD) approval on May 22 of the OECD Principles on Artificial Intelligence (AI). Working through Business at OECD (BIAC), a core group of USCIB members participated in a special, 50+ member experts group that was convened to scope these principles. They contributed directly to the development of five complementary, values-based principles for the responsible development and stewardship of trustworthy AI and five recommendations for public policy and international cooperation.

Importantly, these principles are not prescriptive. They highlight human-centered values, fairness, transparency, robust security, and accountability as foundational elements for AI deployment that will ensure inclusive growth, sustainable development and well-being. The principles, which were developed through multistakeholder dialogue involving input from business, government, civil society, the technical community, and labor unions, also recognize the appropriate role of governments in creating an enabling environment for research and development to drive innovation in trustworthy AI. They call upon governments to develop mechanisms to share data and knowledge and programs to equip people with digital skills so they can transition to new employment that will harness AI for economic and societal good. The OECD’s 36 member countries, along with Argentina, Brazil, Colombia, Costa Rica, Peru and Romania, who signed up to the AI Principles at the organization’s annual Ministerial Council Meeting today in Paris, further agreed to cooperate across borders and sectors to share information, and develop international, interoperable standards to ensure safe, fair and trustworthy AI.

“USCIB is honored that its members played a direct role in shaping principles that will enable us to tap the extraordinary potential of Artificial Intelligence in a manner that will improve economic and societal well-being across diverse sectors such as energy and the environment, healthcare, and transportation, to name a few,” said USCIB President and CEO Peter Robinson. “Perhaps most important, these principles include important safeguards that keep human-centered values at the core of AI deployment and prevail upon all ‘AI actors’ to respect democratic values throughout the AI system lifecycle, commit to transparency, and to demonstrate accountability, among other responsibilities. We see a bright future ahead and look forward to the adoption of these principles by OECD members and non-members alike,” added Robinson.

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contact:
Jonathan Huneke, USCIB
+1 212.703.5043, jhuneke@uscib.org

Nobody Wins in Escalation of U.S.-China Trade Fight, Says USCIB

Washington, D.C., May 8, 2019 – The United States Council for International Business (USCIB), which represents America’s most successful global companies, appealed to the United States and China to ratchet down their trade fight in the wake of President Trump‘s decision to increase duties on some $200 billion of Chinese exports from 10 percent to 25 percent.

“When the U.S. and China fight, nobody wins, as the past year’s market gyrations, lost deals, and strained diplomatic ties have made abundantly clear,” said USCIB President and CEO Peter Robinson. “American business continues to have major problems with China’s commercial policies, but we simply must find a way to tackle these that doesn’t turn our most competitive companies into collateral damage.”

Robinson continued: “The earlier rounds of tariffs, coupled with China’s retaliatory measures, are already a significant strain on U.S. consumers, and on the economy as a whole. This latest U.S. escalation, and the inevitable Chinese response will impose considerable additional strains on our exporters and on companies, workers and communities that rely on international trade to succeed.”

Robinson urged the Trump administration to work more closely with key U.S. trading partners and with the business community to address serious Chinese trade abuses, including referring U.S. complaints to the World Trade Organization.

“The U.S. has won some important victories, including against discriminatory Chinese practices and policies, in the WTO lately,” he noted. “We should use the multilateral platform as it was intended to be used, to defuse escalating trade tensions, and to end the uncertainty that is rattling markets and fraying the nerves of both business owners and consumers.”

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of several 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
jhuneke@uscib.org, +1 212.703.5043

International Chamber of Commerce Prepares to Launch Incoterms® 2020

Paris and New York, April 22, 2019 – The International Chamber of Commerce (ICC) is preparing for the publication of Incoterms® 2020, an update of the renowned regulations that define the responsibilities of buyers and sellers operating in the international trade system, according to ICC’s American national committee, the United States Council for International Business (USCIB).

Facilitating trillions of dollars in global trade each year, the “international commercial terms,” or Incoterms® rules, are a commonly accepted set of definitions and rules governing commercial trade activity.

“The revised Incoterms® rules will have a direct impact on traders throughout the United States and the world,” according to USCIB President and CEO Peter Robinson. “It will be important for everyone involved in cross-border business to familiarize themselves with the changes. We will be working to educate our members and the business community at large on the most important changes.”

Nearly a century ago, following a series of studies conducted in the 1920s, the Paris-based ICC concluded that there was a need for the creation of a common protocol for importers and exporters everywhere. The first set of Incoterms® rules was published by ICC in 1936. Since then, ICC has periodically revised the Incoterms® rules to reflect changes in the international trade system.

For the past decade, Incoterms® 2010 has provided critical guidance to importers, exporters, lawyers, transporters and insurers across the world. ICC is preparing for the official release of Incoterms® 2020 later this year.

USCIB said that, joining with ICC chapters around the world, it plans to roll out training programs and seminars alongside the worldwide publication of the new terms.

“Now more than ever, participants in the global trading system require guidance and clarity,” Robinson said. “With the emergence of new technologies, government policies, and environmental regulations, Incoterms® 2020 will provide a common framework for the future of trade.”

USCIB has established a central information page on its website for all the latest developments surrounding the introduction of Incoterms® 2020. Go to uscib.org/about-incoterms-2020 for more information.

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of several leading international business organizations, including ICC, 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
jhuneke@uscib.org, +1 212.703.5043

 

Global Business Endorses the ICN Framework for Competition Agency Procedures

Washington, D.C., April 10, 2019 – The Association of Corporate Counsel (ACC), the International Chamber of Commerce (ICC), the Association of in-house competition lawyers (ICLA), and the U.S. Council for International Business (USCIB) welcome the announced approval of the International Competition Network (ICN) Framework for Competition Agency Procedures (CAP), as an encouraging step towards a more sound and fair competition enforcement across the globe.

The CAP highlights and reinforces important due process principles in competition law investigations such as transparency and predictability, confidentiality, conflict of interest, representation by counsel, appropriate notice, privilege, independent review and reasonable time period for investigations. Competition agencies, businesses and consumers around the globe, all stand to gain from reinforcement of these core principles.

The CAP’s endorsement of non-discrimination in antitrust enforcement is key in today’s global marketplace and addresses a pertinent issue at the interface of competition law and trade law.

Our members hope that most, if not all, competition agencies opt into the CAP in the near future. We believe implementation of the CAP principles is key in any sound competition enforcement regime.

“The broad spread of antitrust regimes globally has highlighted the need for due process standards that support sound and predictable competition enforcement,” said USCIB President and CEO Peter M. Robinson. “We hope the CAP will bring the world’s competition agencies together in supporting a robust unified definition of basic fairness principles in competition investigations.”

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contact:
Jonathan Huneke, USCIB
+1 212.703.5043, jhuneke@uscib.org

USCIB Lays Out Priorities for WTO Modernization

Washington, D.C., March 13, 2019 – Responding to this week’s hearing in the Senate Finance Committee on the future of the World Trade Organization, the United States Council for International Business (USCIB), which represents America’s most successful global companies, has submitted a business roadmap for the WTO laying out priorities for the organization’s modernization.

“The continued existence and effectiveness of the WTO is vital to U.S. business,” stated USCIB President and CEO Peter Robinson and USCIB Trade and Investment Committee Chair Charles R. Johnston in their transmittal letter.

“The WTO is a cornerstone of the global rules-based trading system and has helped spread growth and development for decades. The WTO’s existing agreements, such as those on intellectual property rights, sanitary and phytosanitary measures, and technical barriers to trade, provide practical commercial benefits for business because they establish global frameworks of rules designed to facilitate international trade.”

USCIB’s roadmap focuses on addressing subsidies and other market-distorting support provided to state-owned enterprises, the establishment of new rules for current issues such as digital trade and customs processes on electronic transmissions, and ensuring a properly functioning appellate body, among other issues.

The statement notes that the U.S. has been a major beneficiary of the WTO’s dispute settlement system, bringing and winning more cases than any other WTO member. “In fact, the U.S. has prevailed in over 90% of the complaints it filed,” USCIB observed.

USCIB urged WTO members to actively solicit the views of the business community, which undertakes the vast majority of cross-border trade and investment that is impacted by WTO rules. “The private sector has a direct stake in the rules that will be the outcome of the government-to-government discussions and, accordingly, private sector comments and recommendations should be actively solicited and given careful consideration,” the statement said.

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contact:
Jonathan Huneke, USCIB
+1 212.703.5043, jhuneke@uscib.org

 

Conference to Help Policymakers Navigate Fast-Evolving Digital Economy

Washington, D.C., February 26, 2019 – With the digital economy delivering innovations at breakneck speed, how can policymakers maximize the beneficial impacts of new technologies and business models, while also addressing challenges they may create? This is the fundamental question to be tackled at a March 25 conference in Washington, D.C.: “Going Digital: OECD Insights for a Changing World.”

The conference, a joint program of the United States Council for International Business (USCIB), Business at OECD (BIAC) and the 36-nation Organization for Economic Cooperation and Development (OECD), will bring together an array of experts from business, government, the technical community and civil society.

“Since the OECD launched its Going Digital project two years ago, it has sought to help policymakers foster an environment that enables national economies and societies to prosper in a world that is increasingly digital and data-driven,” said USCIB President and CEO Peter M. Robinson. “This conference will provide a first readout of discussions at the OECD’s pivotal Going Digital Summit, which takes place March 11-12 in Paris, while also serving as a platform for discussion of developments in the digital economy from an American perspective.”

Topics for discussion include:

  • Making the Digital Transformation Work for Growth and Well-Being
  • The OECD’s “Going Digital” Policy Recommendations: From Paper to Practice
  • Securing the Digital Economy rom Cyber-Threats
  • Harnessing Artificial Intelligence for Economic and Social Prosperity

Confirmed speakers for the conference include:

  • Andrew Wyckoff, director of the OECD Directorate for Science, Technology and Innovation
  • Robert Strayer, deputy assistant secretary for cyber and international communications and information policy, U.S. Department of State
  • David Redl, administrator of the National Telecommunications and Information Administration (NTIA), U.S. Department of Commerce
  • Gail Slater, special assistant to the president for technology, telecommunications and cybersecurity policy, National Economic Council, The White House
  • Lynne Parker, assistant director for artificial intelligence, Office of Science and Technology, The White House

Held at the AT&T Forum for Technology, Entertainment and Policy, this event is the latest in the Joseph H. Alhadeff Digital Economy Conference Series, named in honor of the late Oracle Corp. executive who provided crucial business leadership on digital economy topics at the OECD and in many other forums.

More information is available on the conference website.

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, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of several 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

jhuneke@uscib.org, +1 212.703.5043