At the Business and Industry Advisory Committee to the OECD’s annual meeting with OECD ambassadors today in Paris, BIAC Chair Charles P. Heeter (Deloitte) led a delegation of senior private-sector representatives in reiterating BIAC’s call to policy makers for urgent confidence-building measures to ensure a strong return to private sector-led growth.
USCIB Executive Vice President Ronnie Goldberg was among the business representatives who met with envoys from the OECD nations. In his remarks, Heeter reiterated the private sector’s call to policy makers for measure to build confidence and consensus-based policy development.
“At a time where many OECD countries show slow or no growth, confidence remains low,” Heeter said. “Restoring confidence within the private and public sector is absolutely key to stimulating business investments and creating jobs.
“This means that policy makers need to take action to reduce policy uncertainty and to implement consensus-based policy commitments. Crucially, business and governments need to work through this together, and the OECD offers an excellent fact-based forum in which to do this.”
Drawing from the key messages identified in the BIAC position paper on Delivering Confidence for Private Sector-Led Growth and Job Creation, senior BIAC representatives called for building an enabling business environment for investment and implementing structural reforms for longer-term growth.
OECD Secretary General Angel Gurría and a number of ambassadors expressed support for several of BIAC’s views and demonstrated commitment to pursue the dialogue with business.