JOURNAL OF THE UNITED STATES COUNCIL FOR INTERNATIONAL BUSINESS WINTER 2013-2014 VOL. XXXV, NO. 4 INTERNATIONALBUSINESS

Bali: A Welcome Victory For Global Trade page 3

Inside

USCIB Award Gala 4

Conflict Minerals 5

ICC Arbitration News 12

The World Trade Organization’s Roberto Azevêdo (Photo © WTO/ANTARA) the first Peter M. Robinson, President and CEO, USCIB word

U.S. officials say all the right things about inward investment. They must also support outbound FDI, which is critically important for U.S. It’s Time to Clap With Both Hands on FDI exports, competitiveness and jobs.

We were delighted when, in early November, the U.S. Department of competition sharper than ever, the feeling I get is that some in the adminis- Commerce spearheaded a very successful “Select USA Investment Summit” tration and on Capitol Hill still seem trapped in the old, tired “outsourcing/ aimed at wooing overseas investors to our shores. But while it was truly exporting jobs” mindset. U.S. firms, large and small, need to have the heartening to have the Obama administration fully and publicly on board with option of investing abroad to bolster their global competitiveness and grow a strong message that inward foreign direct investment (FDI) is good for the good jobs here at home. U.S. economy – for U.S. jobs, for our competitiveness, and for our com- munities – we could still do a lot more. The FDI glass is really only half-full in Outbound FDI drives exports, jobs, terms of administration policies, which seem to stress inward investment to R&D at home the exclusion of outbound FDI by U.S.-based firms. We and the administra- Several recent studies (including from USCIB and from the Peterson Institute tion need to take a balanced approach to achieve the best results of this for International Economics) show that increased FDI abroad by U.S. firms new push for FDI. correlates with increased exports, job creation, R&D expenditures, and tax The Select USA Summit was a fantastic step in the right direction. It was revenues here at home. Investing abroad is good for the U.S. economy: great to have President Obama, Secretaries Pritzker, Kerry, Lew and it’s the only truly viable national strategy for U.S. competitiveness in today’s Perez, plus U.S. Trade Representative Michael Froman and National global economy, in which 90 percent of the world’s consumers and 75 per- Economic Council NEC Chair Gene Sperling, all sounding a consistent pro- cent of global GDP exist outside U.S. borders. Our businesses need access investment message. Leaders from USCIB member companies also spoke, to local elements of supply chains, to service outlets close to markets, and including Andrew Liveris of Dow Chemical, Bill Simon of Wal-Mart USA, to key inputs and natural resources. Not investing abroad would force U.S. Joe Echevarria of Deloitte, Doug Oberhelman of Caterpillar, Bill Black companies to compete with one hand tied behind their back. of Fleishman-Hillard and others. They delivered a strong message, and we There are numerous ways in which companies and the administration can agree that the U.S. needs to jump into the fray at both the federal and utilize and support outward FDI, the most effective being agreeing on high- sub-federal levels and compete to make America the most attractive global standard bilateral investment treaties (BITs). Far-reaching and inclusive BITs, destination for FDI. including one with China currently under negotiation, will provide the ground- work for strong trade in both directions. Shaking hands with our partners on “Sayonara” to investment xenophobia these high-standard treaties – the sooner the better – will give America a big We are only eight years removed from the Dubai Ports World (DPI) debacle of advantage in spurring growth and jobs. 2005, when congressmen and senators from both parties sought to out-do each other in demonizing foreign investment in America’s infrastructure. Nostalgia for the “good old days” when U.S. business had no international The Bush administration seemed stuck in neutral, unable or unwilling to ar- competitors, when we could make everything in America and ship it to the ticulate coherent pro-investment policies. Some may even remember the world, is certainly understandable. But nostalgia can’t drive U.S. economic anti-Japanese paranoia of the 1980s, fueled largely by xenophobia. We’ve policy making. We need U.S. economic policies, led by the administration, come a long way from such narrow-minded thinking. attuned to today’s economic realities, including the growth of global value chains. These have to include strongly pro-FDI policies – for both inward and More encouraging, the real story today is outside Washington – in America’s outward investment. states, cities, and towns, where inward FDI is planting new “greenfield” man- ufacturing and services enterprises, and reviving established companies, Let’s get everyone pulling in the same direction, for consistent pro-invest- creating good jobs and fueling economic growth as well as tax revenues ment policies to help American companies and American workers compete and new infrastructure. We are clearly on an FDI roll, and it’s great to have around the world. Let’s start clapping with both hands on FDI! the administration both celebrating it and doubling down to hone America’s investment competitiveness.

But we’re clapping with just one hand. A careful reading of high-level speech- es and conference documents from the Select USA Summit suggests an administration still too timid when it comes to outward investment by U.S.-based firms. In today’s globalized, supply chain-driven economy with Contact Peter Robinson at (212) 703-5046 or [email protected].

2 USCIB International Business Winter 2013-2014 www.uscib.org cover story WTO Breakthrough Caps a Banner Year for Trade

Despite U.S. Shutdown, USCIB Charges USCIB applauded the adoption in December of an ambitious package of trade Ahead on Trade liberalization measures by World Trade Organization members at the WTO ministe- rial in Bali, Indonesia. This past fall’s U.S. government shutdown may have caused the cancellation of planned U.S.-EU trade talks (along with so much ”WTO members have delivered else), but USCIB kept up a high level of activity on key trade and a dose of holiday cheer to a investment priorities, with a number of timely events and meet- struggling global economy,” ings in Europe. said USCIB President and CEO Peter Robinson. “We con- Working with the National Foreign Trade Council and the Interna- gratulate ministers on making tional Chamber of Commerce (ICC), we organized a September the tough choices necessary program in Geneva on “Localization Barriers to Trade.” The well- to push this package of agree- attended gathering focused on the importance of global value ments past the finish line. They chains to corporate and national competitiveness (the subject of have demonstrated once again a recent USCIB-commissioned paper by Dartmouth’s Matthew the critical importance of multi- Slaughter), and how forced localization requirements undercut WTO Director General Roberto Azevedo shepherded the Bali lateral trade liberalization.” talks to a successful conclusion. the ability of global companies to effectively utilize their value chains to generate growth and jobs in those countries that Expectations ahead of the Bali meeting were low, in light of WTO members’ inability impose them. to agree to a package in preliminary meetings in Geneva, leaving the tough deci- sions for trade ministers. But Robinson said the business community did not give up Speakers included Rob Mulligan, USCIB’s senior vice president hope, and indeed redoubled its efforts to push governments toward an agreement. for policy and government affairs, Hendrik Bourgeois (GE), Jef- He said the result – a set of agreements to, among other things, facilitate global frey Schott (Peterson Institute for International Economics) and trade through modernization of customs and other administrative practices – “will Rob Atkinson (Information Technology & Innovation Foundation). add billions of dollars to global GDP and create millions of jobs.” Afterward, USCIB co-hosted a reception that provided additional opportunity for members to meet with representatives from the A major business push came from the International Chamber of Commerce (ICC), WTO delegations of several countries. continued on page 14 which earlier in the year estimated that a trade facilitation agreement alone would deliver global job gains of 21 million, with developing countries gaining more than Mulligan later traveled to Brussels, where he joined other mem- 18 million jobs and developed countries increasing their workforce by three million. bers of the Business Coalition for Transatlantic Trade for meetings with EU negotiators as well as EU business representatives to “With our help, 159 countries came together to reach a trade facilitation agreement discuss U.S. business priorities and views for the Transatlantic that will boost the world’s economy by almost one trillion U.S. dollars,” said ICC Trade and Investment Partnership (TTIP). Key takeaways from the Chairman Terry McGraw, who also serves as USCIB’s chairman, in a video mes- meeting included the EU’s emphasis on government procurement sage to governments and ICC members worldwide. “What an accomplishment! And in the TTIP, and some concern about a slow response from the the good news is everyone participated.” U.S. on regulatory cooperation issues, a key aspect of the talks. McGraw said the agreement “breaks through the logjam that has bottled up trade Mulligan and other business representatives highlighted a number agreements for the last decade, and paves the way for future agreements that will of priorities for American business. further increase global growth and job creation.” Not to be outdone, Shaun Donnelly, USCIB’s vice president for The business community, already rallying in support of renewed Trade Promotion investment and financial services, journeyed to Copenhagen to Authority as well as prospective U.S. trade pacts with 12 Asia-Pacific nations and speak at a well-attended conference on TTIP organized by the the European Union, will push hard for adoption of the Bali package by Congress, Confederation of Danish Industry (DI). The Copenhagen program according to USCIB Senior Vice President Rob Mulligan, who attended the Bali was just one of a planned series of briefings and events Donnelly ministerial and who spearheads USCIB’s Washington-based activities. “We in the was scheduled to take part in across Western Europe, organized private sector are united in our support for this agreement, and for additional action in cooperation with the State Department. Alas, the government to spur jobs and growth through international trade,” he said. shutdown forced him to postpone the rest of the trip.

USCIB International Business Winter 2013-2014 www.uscib.org 3 UN Official: Let’s Work Together on Development Agenda

The business community and the United Nations must rediscover their in the context of the post-2015 agenda. These include setting goals that sense of shared purpose and “reconnect in building a world where interna- are achievable in every country, putting a focus on improving national tional peace and prosperity reinforce each other,” according to UN Deputy governance, implementing sound macro-economic and fiscal policies, es- Secretary General Jan Eliasson. tablishing effective national institutions, and providing adequate incentives for business to contribute. Eliasson spoke at USCIB’s 2013 International Leadership Award Dinner in September. His remarks came as USCIB and its allied business groups Well deserved accolades for FedEx’s Smith launched an effort to provide business input into the development of the FedEx’s Smith accepted USCIB’s International Leadership Award on behalf UN’s post-2015 development agenda, which aims to expand upon the of his company’s employees around the world. “Let me commend USCIB Millennium Development Goals agreed in 2000. for the important work you are doing,” he said. “I think all of us in this room The gala dinner, held at the Waldorf-Astoria in New York, honored Fred believe in the power of access, of connecting people, of ideas. Improving Smith, chairman and CEO of FedEx Corp., people’s lives through global growth has who received USCIB’s top award before been an important and valuable mission. an audience of several hundred USCIB We are shoulder-to-shoulder with you in members, diplomats and business repre- this important work.” sentatives from around the world. Smith is the 32nd individual to receive the USCIB award, which was presented “There is more than just an overlap be- most recently to Andrew Liveris of Dow tween United Nations development goals Chemical. The award recognizes efforts and private sector interests,” Eliasson to expand world trade and investment, stated. “We share common ground. If we and to improve the competitive environ- can get, during the next two years, an ac- ment for American business globally. celeration of reaching these goals, then The UN’s Eliasson, FedEx CEO Fred Smith, USCIB Chairman Terry McGraw, USCIB President and CEO Peter Robinson we will create the political momentum to Smith founded FedEx Corp. in 1973, and move ahead and address sustainability, poverty and the rule of law.” it has grown into a $44-billion global transportation, business services and logistics company. McGraw praised him for his vision and leadership. “Fred Serving as master of ceremonies, USCIB Chairman Terry McGraw urged Smith has been an active proponent of regulatory reform, free trade and business and the UN to work together to map out an ambitious – and open skies agreements for aviation around the world,” said McGraw. “FedEx achievable – post-2015 development agenda. “This represents a historic op- is consistently ranked among the world’s most admired and trusted employ- portunity to forge a global consensus in support of public-private activities ers and inspires its employees to remain absolutely, positively focused on to lead growth and create a more robust, inclusive world economy,” he said. safety, the highest ethical and professional standards and the needs of their McGraw said business sought to promote several fundamental objectives customers and communities.”

USCIB Flags Business Priorities in UN “Door-Knock” Consultations On the margins of September’s opening of the bility Committee, who led the business delegation. USCIB members met with Ambassador Takehiro UN General Assembly, USCIB members met with “These and other fundamental priorities underpin Kagawa of the Japanese Ministry for Foreign Af- UN and member state representatives to discuss enabling conditions for job creation, environmental fairs, and Daniella Ballou-Aares, special advisor U.S. business priorities in the UN’s new develop- stewardship and economic development.” on development to the U.S. Secretary of State. ment agenda and Sustainable Development Goals Karina Gerlach, a member of the UN Secretary Business representatives underscored the need (SDGs). Hosted by Pfizer, the day of “UN door- General’s High-Level Expert Group for the Post- for open trade and investment regimes, as well as knock” policy consultations included a Green 2015 Development Agenda, and Shamshad strong intellectual property protection, as prerequi- Economies Dialogue luncheon roundtable on green Akhtar, the UN’s Assistant Secretary General sites for the deployment of business, financial, and growth aspects of the SDGs. for economic development, briefed the group on technical expertise to advance development and work-streams that make up the UN-wide effort “USCIB members are arguing for a strong focus on address international challenges of energy access, – including the Experts Group on Finance for Sus- peace, security, good governance and economic food security and poverty eradication. Other com- tainable Development – and suggested ways to growth in the SDGs,” said Clifford Henry (Procter panies taking part included Diageo, ExxonMobil, involve business in these deliberations. & Gamble), chair of USCIB’s Corporate Responsi- General Electric and Pfizer.

4 USCIB International Business Winter 2013-2014 www.uscib.org OECD Conflict Minerals Forum Spotlights Responsible Sourcing

In November, for the first time ever, the Organization for Economic Cooperation and Development (OECD) In Bangladesh, “Better brought its leading multi-stakeholder initiative on conflict minerals to the affected region in Central Africa. Work” Program Spearheads Safety Reforms In October, USCIB welcomed the extension of the Better Work program, a joint initiative of the ILO and the International Finance Corpora- tion, to Bangladesh in an effort to improve workplace conditions in the country’s gar- ment industry.

“This is a very welcome development,” said USCIB President and CEO Peter Robinson. “It signals a strong commitment by govern- ments, in concert with global employers and

Panelists at the forum in Kigalai, Rwanda. “The biggest challenge continues to be the de facto embargo caused by Dodd-Frank,” said trade unions, as well as their counterparts in USCIB’s Adam Greene (far left). Bangladesh, to improve working conditions in the country.” The 6th OECD Forum on Responsible Mineral Supply Chains, held jointly with the UN Group of Experts on the Democratic Republic of the Congo and the International Conference of the Great Lakes Region, met Operational since 2009, the Better Work in Kigali, Rwanda to review how responsible sourcing is working in practice in the region. Adam Greene, program brings together governments, em- USCIB’s vice president for labor and corporate responsibility, played an active role at the forum. ployers’ and workers’ organizations, global brands and supplier factories to improve both The OECD initiative has become the key international process on conflict minerals – bringing together all productivity and working conditions those the relevant players, including OECD member governments, all the governments of Central Africa, local and factories. The program assesses compli- international civil society groups and business representatives from the entire mineral supply chain – from ance with labor laws, posts reports online and mining straight through to end producer or retailer. Additionally, the OECD initiative has produced the only provides targeted capacity building training to internationally recognized due diligence guidance on conflict minerals, as well as two more detailed guides: improve compliance with labor standards as one on tin, tantalum and tungsten (3T), and another on gold. well as the competitiveness of the factory.

Unintended consequences of Dodd-Frank law Robinson said USCIB has worked to line up U.S. corporate support for the Better Work Reflecting the influence of the OECD process on this issue, the European Commission has indicated that program, including financial support. Through proposed EU legislation on conflict minerals will be based entirely on the OECD Due Diligence Guidance, in its participation in the Better Work pro- an effort to avoid the unintended consequences of Section 1502 of the U.S. Dodd-Frank Act. gram’s advisory committee, USCIB actively “The OECD forum meeting in Kigali was an important opportunity to assess how the due diligence guid- supported a recommendation to launch the ance was working in practice in the region, strengthen regional programs and review ongoing challenges,” Bangladesh country program, he noted. Greene said. “The biggest challenge continues to be the de facto embargo caused by Dodd-Frank, which “Better Work is a stellar example of public-pri- created enormous disincentives for any sourcing from the region.” vate collaboration with measurable benefits,” Rwanda, for example, has implemented a country-wide chain of custody program that fully conforms with Robinson stated. “By bringing all stakehold- the OECD due diligence guidance, yet producers in the country still cannot find buyers in European or North ers together in a collaborative framework, it American markets, because Dodd-Frank imposes the same burden on all sourcing from the region, regard- helps bring about sustainable improvements less of whether it is responsible sourcing or not. in workplace conditions.”

USCIB is working actively with BIAC, the Business and Industry Advisory Committee to the OECD, and busi- By virtue of its role as the U.S. affiliate of ness groups from Central Africa to promote responsible sourcing of minerals and to create incentives for the International Organization of Employers, sourcing that could potentially offset the disincentives created by Dodd-Frank. USCIB represents American business in the ILO, where it is the U.S. employer constitu- A range of companies – including Boeing, Ford, GE, HP, Intel, Lockheed, Motorola Solutions, Northrop, ent, serves on the ILO Governing Body, and Siemens, Texas Instruments and UTC – and numerous industry associations are participating in the OECD leads the U.S. employer delegation to the initiative. USCIB has played a key role in helping to coordinate business participation in the process, and ILO’s annual International Labor Conference. Greene has been elected vice-chair of the initiative’s Multi-Stakeholder Steering Group.

USCIB International Business Winter 2013-2014 www.uscib.org 5 USCIB Members Enrich Discussions at Internet Governance Forum

USCIB co-organized two workshops at the 8th Internet Governance Forum telephony and cloud computing capabilities due to their enormous potential in (IGF), which took place in October in Bali, Indonesia, enabling USCIB members the next five years, when 90 percent of the world population is expected to and other stakeholder groups to make important substantive contributions on have access to mobile coverage. Internet governance, mobile telephony and use of the cloud in emerging econo- mies, and the economic engine of digital trade. Key points raised at the workshop included:

At the IGF, some 2,000 participants from business, government, civil society • Cloud computing services can be provided in emerging economies at a and the technical community participated in nearly 250 workshops aimed at low cost and an energy-efficient way. However, they can only be used if exploring such varied topics as the principles of Internet governance and the an Internet infrastructure is in place providing a low latency and robust multi-stakeholder model of governance, the Internet as an engine for growth Internet connection to cloud users. and sustainable development, human rights, freedom of expression and free • Greater efforts have to be made to connect more individuals, busi- flow of information on the Internet. nesses, and government agencies to the Internet, so that developing According to Barbara Wanner, USCIB’s vice president for information, com- countries can benefit from cloud computing. Another major infrastruc- munications and technology policy, the controversy surrounding revelations of ture challenge is the lack of a reliable electricity supply in many regions unauthorized surveillance by the U.S. National Security Agency informed much to move content to the cloud and to run computers. of the discussions at the IGF, particularly in light of reports of NSA surveillance of countries such as France and Germany. She said that, in the wake of the • Trust among nations was also underlined as crucial for cloud computing NSA revelations, Brazil’s proposal to host a meeting in May 2014 to consider development. Ultimately, though, the customer is key, along with tech- new ways of Internet governance dominated formal program discussion at the nology, bandwidth, electricity and the need for redundancy or remote IGF as well as informal “hallway” consultations. location as sources of confidence.

Mobile communications’ expanding reach Richard Beaird (Wiley Rein) moderated another well-attended discussion on Jacquelyn Ruff (Verizon Communications), moderated a standing-room-only “Global Trade, Local Rules, & Internet Governance.” It featured commentary by workshop on “Mobile & Cloud Computing in Emerging Economies.” It featured Joseph Alhadeff (Oracle), vice chair of USCIB’s Information, Communications commentary from speakers representing a broad cross-section of regional and Technology Committee, as well as Ruff, Samarajiva, and Sam Paltridge and stakeholder interests, including Verena Weber (OECD), Rohan Samara- (OECD). The panel focused on the importance of supporting internet-enabled jiva (LIRNEasia) and João Barros (University of Porto, Portugal). The session economic growth and how the erection of trade and regulatory barriers can focused on the developmental promise for emerging economies from mobile impede such developmental benefits.

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6 USCIB International Business Winter 2013-2014 www.uscib.org Business Works to Strengthen Engagement in UN Climate Process

Business at the Table At November’s 19th Conference of Parties to the UN Framework Convention on Climate Change in War- in Lead-Up to Global saw, the business community moved forward with critically important efforts to engage more effectively in Nutrition Conference international climate deliberations. In November, Helen Medina, USCIB’s On the sidelines of the UN meeting, the Major Economies Business Forum (BizMEF), a coalition of 20 cross- senior director for product policy and inno- sectoral business groups from six continents, including USCIB, hosted the Warsaw Business Dialogue, working vation, took part in preparatory meetings in partnership with the main Polish business federation and the Polish government’s presidency of COP-19. for the Second International Conference on Nutrition (ICN2), which will take place in the The event brought together 50 high-level representatives from Poland and other national delegations, business fall of 2014, at the UN Food and Agricul- leaders, the UNFCCC secretariat and other relevant organizations to discuss ways in which business can con- ture Organization’s headquarters in Rome. tribute more meaningfully to the The conference will be convened by FAO UN process. and the World Health Organization. “Business supports development During the meetings, delegates discussed of an ambitious, inclusive post- the lessons learned from implementing 2020 global climate agreement,” nutrition-enhancing policies for the food according to Norine Kennedy, system, for economic development and for USCIB’s vice president of envi- poverty alleviation. They further debated ronment and energy. “To achieve which policies should be implemented truly ambitious goals, negotiators to advance nutrition goals and address must develop an agreement that L-R: Norine Kennedy (USCIB), Amb. Robert Van Lierop (St. Kitts & Nevis), Russell Mills (Dow challenges such as malnutrition, “over- harnesses private-sector R&D Chemical), Griffin Thompson (State Department), Amb. Jorge Voto Bernales (Peru), USCIB President and CEO Peter Robinson nutrition,” and non-communicable diseases and investment to deliver climate- – including those related to obesity – that friendly technologies and solutions. Working together with governments, we can strengthen the practicality and are impacting countries at various stages economic viability of an agreement, supported by trade, investment and innovation.” of development. UN negotiators are aiming to advance work toward a post-2020 climate agreement at COP-20 next year in Medina and other business representatives Lima, Peru. A final agreement is expected to be signed at COP-21 in Paris in 2015. have met with government delegates from The Warsaw dialogue builds on the successful Doha Business Dialogue at COP-18 last year, and previous Brazil, Canada, Germany, Netherlands, the events at recent UN climate meetings in South Africa and Mexico. Under the theme of “Leverage Business Ac- United Kingdom and the United States, as tions in Technology and Investment,” participants considered ways that international climate policy could best well as with David Nabarro, the UN’s spe- benefit from business efforts to develop and deploy advanced technologies. cial representative on food security. The core business message underscores the The business dialogues are part of a larger effort by BizMEF to establish a recognized channel for business to private sector’s know-how in the areas of contribute its expertise and practical experience to the UN climate talks. “Currently, business has no formal role innovation, science and technology, as well in the UNFCCC, we are simply observers,” said Brian Flannery, a BizMEF spokesperson. as good production and management prac- “While we welcome that opportunity, both business and governments could benefit from a recognized channel tices. This expertise can increasingly be to provide expert input and participation,” Flannery said. “Such channels work effectively in many other inter- harnessed through effective partnerships national forums, including the International Labor Organization and the OECD. Both business and governments with research institutions, farmers, policy- benefit from more informed participation.” makers and civil society.

In his closing remarks to participants at the Warsaw dialogue, Ambassador Jorge Voto Bernales of Peru Furthermore, the private sector plays a crit- stated: “We in Peru will work with you in the business community and with the Polish presidency to promote ical role in further strengthening markets, creation of better channels for interactions with business going forward to COP-20 in Lima.” economic growth and livelihoods, Medina said. While private-sector involvement is Voto Bernales further suggested that BizMEF “consider opportunities to engage more closely with regional key, there is also a need for government business groups and governments, in particular in the Latin American region, and with small and medium-sized collaboration, particularly in helping ensure enterprise as well as large multinational companies, to identify fruitful areas and explore them in more depth. greater policy coherence, such as reducing barriers to trade. continued on page 13

USCIB International Business Winter 2013-2014 www.uscib.org 7 global network

International Chamber of Commerce www.iccwbo.org ICC Moves to New Paris Headquarters This past fall, ICC relocated from its longtime headquarters at 38, cours Albert 1er in Paris’s 8th arrondissement, to a larger, more modern facility at 33-43, avenue du President Wilson, just over a kilometer away, in the heart of the French capital. “While we leave 38 cours Albert 1er with a feeling of nostalgia, we move to our new headquarters, the Palais Wilson, with an eye on the future and particularly on our role as a relevant and leading global business organization that requires expanded facilities to match its growth,” said ICC Secretary General Jean-Guy Carrier. Close to 200 staff members, representing more than 30 nationalities, work at ICC headquarters. The new facility is adjacent to the Trocadero Gardens and has an attrac- New ICC headquarters building on Avenue Wilson in tive view of the Eiffel Tower. Paris. New Research Papers on Innovation and Intellectual Property In October, ICC unveiled the first in a series of research papers on the interface between innovation and intel- lectual property at a conference in Brazil. The series of five papers will provide insights on how IP interacts with decisions, transactions and processes related to technology development and dissemination, with the aim of contributing to a better and more concrete understanding of the innovation-IP interface. The first paper, “Enhancing IP Management and Appropriation by Innovative SMEs,” addresses how innovative small- and medium-sized enterprises can improve their performance through better management of their intellectual assets. Further papers will explore issues relating to: innovation and knowledge exchange through global net- works and partnerships, the evolving geography of innovation, IP in innovation for non-commercial purposes, USCIB at Your Service and diffusion channels for technology and know-how. USCIB Policy and Program 212-703-5082 USCIB President’s Office 212-703-5049 Business and Industry Advisory USCIB Member Services Committee to the OECD 202-682-1291 www.biac.org USCIB Communications 212-703-5063 Dialogue With OECD on BEPS Action Plan USCIB Washington Office In October, BIAC held a second business dialogue with the OECD secretariat and member governments to dis- 202-371-1316 cuss the OECD Action Plan on Base Erosion and Profit Shifting (BEPS), which was endorsed by G20 leaders in ATA Carnet Export Service Saint Petersburg the previous month. More than 100 business participants from numerous countries and indus- 1-800-5-DUTYFREE tries took part. BIAC said the business community appreciated the political imperatives driving the effort, and ICC Arbitration and Dispute understood that new business models and the impacts of globalization on tax revenues needed further elucida- Resolution tion. “BIAC encourages an ongoing dialogue between business and the OECD in order to restore stability,” said 212-703-5044 Will Morris (GE), chair of BIAC’s Tax Committee. “We want to bring together the widest range of business views ICC Books USA across jurisdictions and sectors to work towards a successful outcome that results in greater certainty, stability 212-703-5066 and supports cross-border trade and investment.” Visit www.uscib.org for a full list of staff including e-mail addresses (click “Business Services”)

8 USCIB International Business Winter 2013-2014 www.uscib.org washington wire

International Organization of Employers www.ioe-emp.org Trans-Pacific Trade Gains USCIB and other members of the Trade Partnership in Jordan to Friends on Capitol Hill Benefits American coalition released a Prevent Child Labor Bipartisanship may be in short supply new paper debunking the top 10 myths The ILO and IOE have enlisted Sterling Apparel in Washington these days, but there are surrounding TPA. The paper sets the record Manufacturing in Jordan to collaborate on a guid- welcome signs of hope on the trade straight about TPA: what it is, how it works ance tool project to help companies tackle child front. As a lead member of the steering and why it is an important tool. committee of the Business Coalition labor, including in their supply chains. Jordan’s Using Congressional provisions from for the Trans-Pacific Partnership (TPP), garment industry Jordan has grown rapidly after the past versions of TPA and legislation USCIB participated the October launch of signing of a free trade agreement with the United implementing U.S. trade agreements, their the bipartisan Congressional “Friends of States. “Over time, in addition to competitive prices, legislative histories, and other legal and quality and delivery times, the industry has gained a TPP” Caucus. The caucus’s four House policy sources, the paper explains – among reputation for respecting labor rights, including the co-chairs – Reps. Dave Reichert (R-WA), other things – that TPA 1) does not exclude prohibition of child labor, which has become part Ron Kind (D-WI), Charles Boustany Congress from playing a meaningful role of its successful value proposition,” the IOE said in (R-LA) and Greg Meeks (D-NY) – joined in the negotiation and approval of trade October. The ILO/IOE project focuses on fundamen- Singaporean Ambassador Ashok Kumar agreements, 2) does not undermine tal labor rights, in alignment with the UN’s Guiding Mirpuri (speaking on behalf of the 11 U.S. sovereignty, and 3) does not allow Principles on Business and Human Rights – which TPP country ambassadors in attendance) the negotiation of trade agreements put forward a framework of “Protect, Respect, and and business representatives at the that override U.S. consumer protection, Remedy” enlisting governments, business and other launch event in the Rayburn House Office health, environmental safety, security and actors in a comprehensive approach to safeguarding Building. The Business Coalition for the financial standards. Read more at www. human rights. TPP issued a press release supporting tradebenefitsamerica.org. the new caucus and committing itself to Ensuring Migration Policies working closely with its leaders, in order Business Groups Call Reflect Labor Market to build Congressional understanding for Tax Reform Needs of, and support for, a TPP agreement In October, in advance of the first meeting that is ambitious, comprehensive, and Employer delegates attending a November ILO of the Congressional Budget Conference high-standard. “The quicker the better,” meeting in Geneva on labor migration called on the Committee, USCIB joined 28 other industry observed Shaun Donnelly, USCIB’s vice organization to support a broad-based approach groups – representing American businesses president for investment and financial to migration that takes into account labor market that employ tens of millions of American services. “But USCIB and the business needs. Following upon the previous month’s UN High- workers – released a statement in favor community have been very clear that the Level Dialogue on Migration and Development, the of sensible tax reform. The statement said critical element here is getting a strong, meeting addressed protection of migrant workers, the groups “share a common interest in comprehensive agreement, not racing to needs assessment and skills recognition, and work- pro-growth, comprehensive tax reform in cut a mediocre deal in order to meet an ing together to ensure well-governed labor migration the United States. We believe tax reform, arbitrary deadline.” and mobility. “Demographic realities and business done right, will create jobs, encourage more needs increase the need for greater labor mobil- Getting the Facts investment, and spur economic growth. A ity,” said Ellen Yost (Fragomen, Del Rey, Bernsen on Trade Promotion growing economy will also help the U.S. & Loewy). “However, government policies around Authority shrink its budget deficit. We urge the budget the world increasingly have the effect of restricting As the business community and champions negotiators to seize this opportunity to pave mobility. Employers urge governments to recognize of trade geared up for an anticipated battle the way for pro-growth, comprehensive tax the importance of international labor mobility for to re-establish Trade Promotion Authority, reform in 2014.” economic growth, competitiveness and development and to adopt clearer, simpler and more consistent rules and procedures for easier cross-border move- ment of skills.”

USCIB International Business Winter 2013-2014 www.uscib.org 9 USCIB Joins Global Leaders at APEC Summit

At a meeting with President Truong Tan Sang of Vietnam (L-R): Larry Greenwood (MetLife), Peter Sykes (Dow), Kim Taylor (Johnson & Johnson) and Peter Robinson (USCIB).

USCIB took part in October’s APEC CEO Summit in Bali, Indo- Business Deepens Engagement With G20 nesia, which drew leaders including President Xi Jinping of China, September’s G20 Summit in Saint Petersburg, Russia was the occasion for Prime Minister Shinzo Abe of Japan and Russian President Vladimir a deepening of the relationship with business leaders, as the parallel “B20” Putin. Accomplishments at the APEC summit included the release of process culminated in a special session for CEOs and G20 leaders at Strelna a final declaration restating leaders’ commitment to open trade in the Palace. The CEOs, including members of the International Chamber of Com- region, as well as a special statement in support of the multilateral merce (ICC) G20 Advisory Group, presented policy recommendations to the trading system as the Indonesian APEC year came to a close. heads of state, urging world leaders to drive economic growth and job creation Prior to the summit, USCIB issued a statement on priorities for APEC by liberalizing trade and improving conditions for global investment, particularly in 2014, when China takes on hosting duties. The statement detailed in infrastructure. a number of recommendations for APEC economies to take forward The recommendations – covering topics including trade, investment and in- in such areas as chemicals regulation, climate change, cross-border frastructure, financial systems, innovation and development, job creation, and data flows, localization barriers to trade and women’s economic em- transparency and anti-corruption – were the product of intensive collaboration powerment. among companies serving on B20 task forces since December 2012. The pro- USCIB President and CEO Peter Robinson and Justine Badimon, cess was chaired by Alexander Shokhin, president of the Russian Union of director of regional affairs, were active at the summit and on the Industrialists and Entrepreneurs, who had been designated by President Vladi- sidelines. Working with other members of the APEC Business Coali- mir Putin to organize B20 efforts during the Russian G20 presidency. tion, they met with Vietnamese President Truong Tan Sang, Chinese ICC Chairman Terry McGraw, who is also chairman of USCIB and CEO of Commerce Minister Gao Hucheng, and Koya Nishikawa, Japan’s McGraw Hill Financial, took part in the Saint Petersburg meeting. He under- coordinator for the Trans-Pacific Partnership trade talks, as well as scored that the impasse among members of the World Trade Organization U.S. Trade Representative Michael Froman and Commerce Secre- (WTO) and an increasingly sluggish global trading system risked reversing sig- tary Penny Pritzker. nificant progress made in global living standards over the past 60 years.

The TPP trade talks were a special focus in Bali, and leaders of the The success of December’s WTO ministerial in Bali (see page 3) was an im- TPP nations released their own statement saying negotiations are on portant byproduct of this intensified business engagement with the G20 three track toward completion. Robinson also took part in an event on wom- months earlier. Attention now turns to Australia, host of the 2014 summit. en’s economic empowerment, hosted by Wal-Mart, where he provided USCIB is working with ICC – as well as with the International Organization of an overview of a BIAC (Business and Industry Advisory Committee Employers and the Business and Industry Advisory Committee to the OECD – to to the OECD) survey on gender equality and the work that USCIB is further inject coordinated global business views into the G20 process. supporting.

10 USCIB International Business Winter 2013-2014 www.uscib.org At ILO, Employers Urge Steps to Reduce “Informal” Economy

At a September International Labor led to unhelpful proposals for formalizing workers to formalization. They said a wider range of mea- Organization meeting in Geneva, business and upgrading workers’ rights, but not address- sures should be taken into consideration, including representatives from around the world joined ing issues surrounding business formation and promoting effective national institutions and admin- government and trade union officials in con- entrepreneurship. A focus solely on labor rights, istration, implementing judicial reform, and easing tributing perspectives on ways to reduce they argued, would actually serve as a disincentive business registration and licensing. participation in the untaxed, unregulated “infor- mal” economy. Under the banner of the International Organiza- tion of Employers (IOE), part of USCIB’s global network, the business delegation stressed that a key factor contributing to the prevalence of informality is the cost of doing business in a country. Adam Greene, USCIB’s vice presi- dent for labor and corporate responsibility, took part and helped prepare the employers’ closing statement. “Entrepreneurs and enterprises in the informal economy struggle to do business in a situation of legal uncertainty and insecurity, and are faced with numerous economic constraints,” stated Michael Chiam of the Malaysian Employers’ Federation. “They need the tools to buy and sell their products legally, to own property, to enter into legal contracts, to establish a business identity, to raise capital, to sell shares, to legally export. In essence, to have the official recogni- tion of their property and business ownership.” According to Greene, the discussion is part of an effort expected to lead to an ILO recommen- dation on informality in 2015 that will serve as one of the key UN instruments on the issue. “It will, we hope, help push the UN’s effort to devel- op new Sustainable Development Goals in the right direction,” he said. “Informality can reflect a fundamental lack of effective governance, and good national governance will be critical to Purposeful partnerships assure the success of the SDGs.” Advancing sustainable economic growth policies requires business, government and society Greene said that, from the employers’ perspec- working together for a common purpose. Collectively, we can have a positive impact and tive, the ILO has a key role to play in addressing make a difference to societies around the world. the issue of informality, because promoting em- www.deloitte.com ployment and sustainable enterprises, as well as fundamental principles and rights at work, Read the Solution Revolution to learn more – www.solutionrevolutionbook.com are at the very heart of the ILO’s mission.

At the Geneva session, business representatives © 2013 Deloitte Global Services Limited criticized the narrow focus of an ILO question- naire on labor markets, which they said had

31368A lc USCIB advert.indd 1 22/11/2013 15:09 USCIB International Business Winter 2013-2014 www.uscib.org 11 ICC Arbitration Cases Now Administered in New York

New Israel-Palestine The much-anticipated establishment of a presence of “The establishment of a formal presence in one of the Center to Mediate the International Court of Arbitration® of the International Court’s most important markets is a big step forward Commercial Disputes Chamber of Commerce (ICC) in New York City has been for parties in North America,” said Mark Beckett, part- In November, Israeli and Palestinian realized with the opening in September of an office to ner with Chadbourne & Parke and chair of USCIB’s Ar- business leaders joined the leader- administer ICC arbitrations in North America. bitration Committee. “It reaffirms ICC’s commitment to ship of the International Chamber the region and will increase the appeal of the Court’s SICANA, the new U.S. corporate entity responsible for of Commerce in Jerusalem to services, which are the administration inaugurate the first dedicated Israeli- already held in very of cases under ICC Palestinian center for the resolution high regard.” dispute resolution of commercial disputes between rules and for the North American businesses in the Palestinian territo- promotion of ICC parties made up ries and Israel. dispute resolution 8.4 percent of the John Beechey, president of the services in North 759 cases filed with ICC International Court of Arbitra- America, is located the Court in 2012. tion,® joined Andrea Carlevaris, in midtown Manhat- The new office in the Court’s secretary general and tan at 1212 Avenue the heart of New ICC Secretary General Jean-Guy of the Americas, York City will con- Carrier in Jerusalem to witness the in the same build- solidate the Court’s historic launch of the Jerusalem Arbi- ing where USCIB is market position in tration Center (JAC) and the signing headquartered. North America, and of a memorandum of engagement. will allow parties, For many years, US- Josefa Sicard-Mirabal (left), who heads the team in charge of marketing ICC dispute “We are hopeful the $4 billion in CIB has hosted the resolution services in North America, in the new office in midtown Manhattan, with (L-R) counsel and arbitra- Suzanne Ulicny, Rachel Clarke and Alexandra Akerly annual trade between Palestinians ICC Court’s North tors in the region di- and Israelis will expand significantly American marketing team, headed by Josefa Sicard- rect and convenient now that there is a mechanism in Mirabal, the Court’s longtime director of arbitration and access to the services of the ICC Court. place to bring swift and fair resolu- ADR for North America, who has been named executive On September 20, John Beechey and Andrea Carle- tion to commercial disputes and director of SICANA. varis, respectively the Court’s president and secretary create greater certainty for the “This is an important milestone for ICC and the Court,” general, joined dignitaries from the legal and business business community,” said Terry said ICC Chairman Terry McGraw, CEO of McGraw Hill communities at a celebratory reception at the Yale Club McGraw, chairman of McGraw Hill Financial. “Congratulations go out to everyone involved, in midtown Manhattan. Financial and chairman of both ICC especially Josefa, who developed the idea and spear- “We are delighted to continue our ongoing close partner- and USCIB. “By strengthening com- headed its implementation. We look forward to contin- ship with Josefa and her talented colleagues, even as mercial relations and improving ued growth in the Court’s activities, cementing its role they move a few floors away from us,” said USCIB Presi- economic cooperation between the as the premier forum for the resolution of cross-border Palestinian and Israeli people there dent and CEO Peter Robinson.”They do an amazing job disputes.” are new opportunities to attract in- promoting awareness of ICC dispute resolution and use vestments and enhance long-term Sicard-Mirabal and her team took up residence in their of the ICC Court. This move to establish a formal office economic growth in the region.” new offices in September. The recruitment of a case of the Court here in New York is a testament to Josefa’s management team, which will be responsible for admin- dedication and vision.” istering cases in the region under the well-respected ICC Sicard-Mirabal thanked Robinson and the rest of the US- Rules of Arbitration, is at an advanced stage. The new CIB staff for facilitating the establishment of the new of- team in New York will work in conjunction with ICC Sec- fice. “We really could not have done this without strong retariat case management teams located in Paris and support and guidance from USCIB,” she said. Hong Kong. It began administering existing North Ameri- can cases and registering new requests for arbitration For more information about ICC dispute resolution activi- in November 2013. ties in North America, visit www.iccnorthamerica.org.

12 USCIB International Business Winter 2013-2014 www.uscib.org Indonesia Moves Toward Accepting USCIB Bookstore Now Featuring eBooks “Merchandise Passports” USCIB is now offering many of its most popular titles in eBook format! eBooks are the user-friendly and convenient way In December, Indonesia announced the implementation of the ATA Carnet system as part of a move towards for our customers to access USCIB’s In- closer engagement with the global economy. ATA Carnets are international customs documents that allow ternational Bookstore publications. With goods to enter signatory eBooks customers have almost instant countries and their territories access to many of USCIB’s titles, saving tax- and duty-free for up to one on the cost and aggravation of shipping. year. The country will begin They are also a great way for both pro- accepting Carnets in early fessionals and students to carry many 2014. publications on their computers or tab- Adding Indonesia has been a lets simultaneously. priority of the World ATA Carnet USCIB has also reduced rates on some of Council, which is chaired by our most popular hardcover titles: USCIB Senior Vice President • I – from $65.00 to Participants at an ATA Carnet workshop in Jakarta in July Cindy Duncan. Seventy-three ncoterms® 2010 countries already actively $55.00 participate in this worldwide system, which facilitates temporary exports for a wide variety of goods free of • UCP 600 – from $35.00 to $25.00 duties and taxes. • International Standard Banking Practice U.S. trade with Indonesia will directly benefit from this implementation as U.S. businesses are currently major (ISBP 2013) – from $31.50 to $30.00 exporters of aircraft, rail equipment and energy-related equipment to Indonesia. Two-way trade between the United States and Indonesia has been on the upswing, reaching $26 billion in 2012 and U.S. exports to • Uniform Rules for Bank Payment Obliga- Indonesia were up an additional 8.1 percent in the same year. This positive trade growth is expected to be tions (URBPO) – from $31.50 to $30.00 further spurred by Indonesia’s decision to join the ATA Carnet system. For a full list of eBook titles or to place To get the process in motion, the International Chamber of Commerce’s Asia office held workshops and a your order, please visit www.International- series of meetings in Jakarta this past July to work on the technicalities of putting the system into place. TradeBooks.org or contact the bookstore Approximately 175,000 Carnets worth over $25 billion are issued annually. Indonesia will be a welcome at (212) 703-5066. addition to this growing Carnet figure and to continued international cooperation among trading partners.

Indonesia’s move comes as Bahrain, in August, took a solid step closer to implementing the ATA Carnet System, when the Bahrain Chamber of Commerce hosted an ATA Carnet workshop in Manama, organized by the ATA Carnet Guarantee Association of the United Arab Emirates and the Dubai Chamber of Commerce and Industry.

Even though a U.S.-Bahrain free trade agreement eliminates most customs duties between the two countries, it does not prevent the imposition of import taxes on U.S. goods entering Bahrain. Full implementation of the ATA Carnet system will allow for both duty- and tax-free import and export for goods traveling on a temporary basis for sales meetings, demonstrations and/or trade shows. Once orders are secured with the help of the ATA Carnet, these same exporters can then take advantage of the FTA incentives.

The ATA Carnet system is jointly administered by the World Customs Organization and the ICC World Chambers Federation, which administers the ATA Carnet international guarantee chain. USCIB guarantees Carnets in the U.S. and issues them through a network of trusted service providers.

Business Works to Strengthen Engagement in UN Climate Process continued from page 7

For our part, the COP presidencies could assist in facilitating such interactions, perhaps through a regional workshop based on development of a shared agenda and participation.”

USCIB President and CEO Peter Robinson, speaking on behalf of BizMEF, welcomed the Peruvian ambassador’s remarks and accepted the offer. “The work of the Business Major Economies Forum has been a valuable step to enhance mutual understanding of business and governments concerning the interna- tional climate process, as demonstrated here in Warsaw,” he added.

USCIB International Business Winter 2013-2014 www.uscib.org 13 USCIB member and staff news

Dan Duncan, Senior Director of Government Ways and Means, where she worked as the trade Affairs with McGraw Hill Financial, has agreed to legislative assistant for Committee Chairman New USCIB Members serve as Chair of USCIB’s Intellectual Property Dave Camp. She holds a bachelor’s degree from Committee. Dan is responsible for advising the Allegheny College and is currently working toward We are delighted to welcome the following companies and organizations company’s Standard & Poor’s unit on public policy a master’s degree in international commerce at as the latest additions to USCIB’s diverse initiatives and analyzing how changes in laws and George Mason University. membership: regulations affect the company’s business. In ad- In November, USCIB Vice President Shaun dition, he chairs McGraw Hill Financial’s anti-piracy Donnelly was one of just a few business panelists Amgen K&L Gates committee, and he has been an active member at the annual conference of the Vale Columbia Bechtel of the IP Committee. Congratulations, Dan, and Miller & Center on Sustainable International Investment, Chevalier thank you for your leadership! Caplin & which was held in New York. The annual Columbia Drysdale Mishcon de Reya We welcome Kristin Isabelli as USCIB’s Di- University conference has become a major Institute of PPL Corporation rector of Customs and Trade Facilitation. In gathering place for investment policy experts. Scrap Metal addition to staffing USCIB’s Customs and Trade … In October, Helen Medina, USCIB’s Senior Recycling TD Bank Facilitation Committee, chaired by Jerry Cook Director for Product Policy and Innovation, was Industries Wal-Mart (HanesBrands), Kristin will serve as the Interna- the keynote speaker at a meeting of senior tional Chamber of Commerce’s representative to product stewardship executives organized by To learn more about how USCIB the World Customs Organization’s Harmonized the Conference Board, at the headquarters of membership can benefit your System Committee, and as a member of the PPG Industries in Pittsburgh. Helen addressed organization, contact Alison Hoiem APEC Customs Business Working Group. Kristin emerging global discussions that will impact (202-682-1291 or [email protected]). comes to USCIB from the House Committee on product stewardship.

Meaningful connection

Wired. Wireless. At AT&T, we establish meaningful connections in a lot of ways. One way is our support of the United States Council for International Business.

© 2013 AT&T Intellectual Property. All rights reserved.

14 USCIB International Business Winter 2013-2014 www.uscib.org USCIB Conference upcoming events Growth, Jobs, & Prosperity in the Digital Age: OECD Shapes the Policy Environment March 10, 2014 Microsoft Innovation & Policy Center, Washington, D.C. The Impact of Future Andrew Wyckoff, Director of the OECD Directorate for Science, Technology and Industry, Technologies on will lead a unique business/government dialogue, which will include other top experts from Employment the OECD’s Information, Computer and Communications Policy division and senior U.S. and foreign government officials. Together, they will explore policy and regulatory challenges af- The United States Council Foundation, USCIB’s educational arm, is supporting a series of roundtable discussions to fecting U.S. companies that rely on ICT for business operations, including: that seek to answer questions concerning human capital re- • Internet Governance: Defending Stakeholder Principles quirements in the 21st century, and the impact technology • Shaping the Future of the Digital Economy: The Role of the OECD is having on education and labor markets. • Enhancing Trust and Boosting Innovation in the Digital Ecosystem • Global Trade & Local Rules: New Opportunities and Challenges for Digital Trade The second roundtable, held last February, was part of a • Developments in Colombia’s ICT Sector, Policies, and Regulations larger grant to the Center for Curriculum Redesign, founded Speakers are expected to include Diego Molano Vega, Colombia’s Minister of Informa- by Charles Fadel (the chair of BIAC’s education committee) from the William and Flora Hewlett Foundation. The grant tion Technologies and Communications, and Daniel Sepulveda, Deputy Assistant funded a research assistant to work with David Autor, a Secretary of State and U.S. Coordinator for International Communications and Information labor economist at the Massachusetts Institute of Technol- Policy. Contact Erin Breitenbucher ([email protected]) for more information. ogy, to update a 2003 study co-authored by Autor on “The Changing Task Composition of the U.S. Labor Market,” and Save the Date! to report those findings as part of the second roundtable discussion. 2014 OECD International Tax Conference June 2-3, 2014 The summary of Autor’s findings and discussion at the second roundtable, exploring the question of “Man and Ma- Four Seasons Hotel, Washington D.C. chine: the Impact of Technology on Employment,” is now The OECD, USCIB and BIAC, in cooperation with IFA-USA, ITPF, NFTC, OFII, TCPI, TEI and Tax available at www.uscouncilfoundation.org. Others who have Foundation, will host a conference on the OECD’s new international taxation initiatives on June supported this project along with the United States Council 2-3, 2014 in Washington, D.C. Panels will address current OECD tax projects and will include Foundation include AT&T, Dow Chemical Company, Deloitte speakers from business, the OECD, and U.S. government. The event provides a unique op- and the McGraw Hill Research Foundation. A third roundta- portunity for U.S. business representatives to interact directly with key representatives from ble is scheduled to take place February 26 in New York City, the OECD’s Center for Tax Policy and Administration as well as senior tax officials from the U.S. hosted by McGraw Hill Financial. Contact Abby Shapiro and other OECD countries. For more information, contact Erin Breitenbucher ebreitenbu- ([email protected]) for more information. [email protected]). For sponsorship information, contact Abby Shapiro ([email protected]).

Making Carnets Easy for 25 Years.

We proudly support the United View our Making Carnets Easy videos. States Council for CIB Carnet HelpLine: 800.ATA.2900 International Business. www.BoomerangCarnets.com

USCIB International Business Winter 2013-2014 www.uscib.org 15 1212 Avenue of the Americas, New York, NY 10036

calendar january 2014 International Business is 10 Washington, DC USCIB Information, Communications & Technology Committee published quarterly by the United 14 Washington, DC USCIB Customs & Trade Facilitation Committee States Council for International Business. It is intended for infor- 14 - 15 Paris ICC Commission on Digital Economy mational use only and should not 23 - 24 Paris ICC Commission on Marketing & Advertising be construed as an authoritative statement of USCIB views or 29 Mountain View, CA USCIB Taxation Committee policy. 30 - 31 East Palo Alto, CA Fourth Annual Pacific Rim Tax Institute We welcome your comments and submissions february 2014 E-mail them to [email protected] or submit by mail to: Editor, 13 Paris ICC conference: “The Allocation of Costs in International Arbitration” International Business, United States Council for International 24 – 25 Paris ICC Commission on Environment and Energy Business, 1212 Avenue of the Americas, New York, NY 10036. march 2014 Visit www.uscib.org or see our monthly e-newsletter, “What’s 10 Washington, DC Conference: Growth, Jobs, & Prosperity in the Digital Age - OECD Shapes New at USCIB,” for the latest news and information from USCIB the Policy Environment and our global business network. 27 Paris ICC Commission on Taxation USCIB members may also visit our password-protected Members Only section to review materials april 2014 from USCIB committees and Global Business other exclusive information. Leadership 27 – 30 Dubai ICC Banking Commission How to subscribe: as the USCIB members may request this U.S. Affiliate of: june 2014 publication free of charge by con- tacting USCIB Member Services International Chamber 2 – 3 Washington, DC 2014 OECD International Tax Conference (212-703-5095, membership@ uscib.org). Non-members may of Commerce subscribe to this and other USCIB september 2014 print publications for a nominal fee by contacting USCIB Commu- 23 New York UN Climate Summit nications (212-703-5063, news@ uscib.org). november 2014 Editor: Business and Industry Advisory Jonathan Huneke, VP communica- Committee to the OECD 3 – 7 Istanbul ICC Banking Commission tions & public affairs, USCIB United States Council for International Business 1212 Avenue of the Americas New York, NY 10036 Tel: 212-354-4480 Fax: 212-575-0327 International Organization Web: www.uscib.org Advertise in International Business © of Employers Copyright 2014 United States To reach an elite readership of USCIB members and friends, join our growing roster of advertisers. Council for International Business. All rights reserved. Contact Abby Shapiro ([email protected]) for more information. ISSN 1939-8301