USCIB Senior Director for Trade and Financial Services Eva Hampl provided a U.S. business perspective at the Joint Conference on Reviving the Global Economy by Opening Markets and Enhancing Cooperation. The event was co-organized by the China Council for the Promotion of International Trade (CCPIT) and the International Chamber of Commerce (ICC) on September 28. During her panel, Hampl discussed what USCIB has been focusing on to advance open markets and an economic recovery from the COVID-19 pandemic.
“We have been active in all available forums to advocate that governments refrain from misusing the COVID-19 pandemic to adopt arbitrary, discriminatory or protectionist policies which only disrupt supply chains and put further strains on the economy – this also includes measures already in place that are now being justified by the pandemic,” said Hampl. “We consistently emphasize the crucial role of open trade and global value chains as fundamental drivers to recover from this global crisis.”
Hampl also discussed longer-term solutions, such as diversifying supply chains, so that global issues, such as a pandemic, do not endanger the reliable supply of necessary goods and services.
According to Hampl, the pandemic has highlighted the transformative power of digital technologies.
“Companies across all sectors stepped up to work closely with governments and other stakeholders to respond to urgent medical, economic and social needs by deploying and driving digital technology solutions,” said Hampl. “Looking ahead, digital technologies have the potential to shape the sustainable recovery from the pandemic. This also includes accelerating the digitization of government services such as licensing, permitting, tax collection and procurement.”
Hampl also emphasized the importance of global cooperation through multilateral institutions and discussed the role of inclusive multilateralism in the context of the COVID-19 outbreak.
“A COVID-19 response must be an ‘all hands on deck’ approach,” she noted. “When USCIB advocates for multilateralism, we mean multilateralism that promotes peace, cooperation and social justice, relies on effective and transparent multilateral bodies, advances collaborative approaches among states, encourages international dialogue and cooperation to design and implement effective policies and, finally, engages business across all sectors and other stakeholders in substantive dialogue and partnerships.
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