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14.06.2021 Newsletter

14 June 2021 Monday

Register Now
Hear from
Camille Richardson, Deputy Assistant Secretary for Middle East and Africa
David Greene, Chargé D'Affaires, US Embassy Morocco
Program Details:
Join us for a digital development summit between Morocco's Agency for Digital Development (ADD), the U.S. Commercial Service, and the U.S. Digital Service & other federal partners. Participants will enjoy a discussion about pressing issues and best practices in digital capacity development, as well as learn more about upcoming project opportunities.
Register for panel discussions to learn about opportunities in:
  • Open Government/Open Data
  • Cloud Services
  • Artificial Intelligence
As part of the event, the U.S. Digital Service, an elite technology unit within the Executive Office of the President of the U.S., will share their experience crafting and executing a government digital strategy that serves the American people.
U.S. exporters are invited to participate in the discussion and learn more about upcoming opportunities sponsored by Morocco's Agency for Digital Development as the ADD adopts and institutes best practices.
U.S. Chamber of Commerce
International Policy Update
June 11, 2021
White House Releases 100-Day Supply Chain Review
Chamber Urges Transatlantic Cooperation Ahead of Summit
Senate Passes Innovation and Competition Act
USTR Announces USMCA Labor Action, Pledges “Worker-Centered” Trade Policy
Biden Administration Avows Open Investment Policy
Business Groups Call for Moves to Reopen U.S.-Canada Border
From the Home Front:
Chamber Commends Bipartisan Infrastructure Discussions
“America Works” Program Outlines Urgently Needed Workforce Solutions
Bilateral Cooperation with the UAE on Climate, Digital Trade, Financial Services Innovation & Healthcare: 4 Ideas for the Biden Administration
Transatlantic Policy Priorities Blog Series
White House Releases 100-Day Supply Chain Review
On June 8, the Biden administration issued a report entitled “Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-Based Growth” that concludes the 100-day review required under Executive Order (E.O.) 14017 “America’s Supply Chains.” The review focused on four critical industries: (1) semiconductor manufacturing and advanced packaging; (2) large capacity batteries, including those for electric vehicles; (3) critical minerals and materials; and (4) pharmaceuticals and active pharmaceutical ingredients (APIs).
The administration proposes a significant number of follow-on actions as part of a “whole of government” approach to strengthen the resilience of the supply chains for these four industries. These include interagency task forces, new trade actions, and legislation that would support increased domestic production, invest in new production and processing of critical minerals, combat unfair trade practices, and strengthen reliance on key U.S. allies. (See White House fact sheet).
The report’s key recommendations include:
  • “Trade Strike Force”: Create a “trade strike force” led by the Office of the U.S. Trade Representative (USTR) to “to identify unfair foreign trade practices that have eroded U.S. critical supply chains and to recommend trade actions to address such practices.” The strike force will also examine how trade agreements may be used to strengthen collective approaches to supply chain resilience with U.S. partners and allies.
  • 232 Investigation on Neodymium Magnet Imports: Consider a Section 232 investigation into neodymium magnets, which are critical inputs in motors and other devices and on which the U.S. is heavily dependent on imports. Supply Chain Disruptions Task Force: The formation of a Supply Chain Disruptions Task Force led by the Secretaries of Commerce, Transportation, and Agriculture to provide whole-of-government-responses to near-term supply chain challenges.
  • Strengthen Buy American Requirements on Critical Goods: The designation of a list of critical products to receive additional preferences under the Buy American Act and FAR Council regulations to ensure that the federal government procures U.S.-made critical products.
  • Domestic Production of Critical Medicines: Utilize the Defense Production Act (DPA) to establish a public private consortium for advanced manufacturing and onshoring of essential medicines production, selecting 50-100 critical drugs drawn from the FDA’s essential medicines list as its initial focus. Commit $60 million from the American Rescue Plan to develop novel platform technologies to increase domestic manufacturing capacity for API.
  • 10-Year National Blueprint for Lithium Batteries: Release a 10-year National Blueprint for Lithium Batteries, leverage a $17 billion loan to support the domestic battery supply chain, and launch a new effort to support energy storage projects led by federal agencies.
  • Support Production of Critical Minerals: Establish an interagency working group to identify sites where critical minerals can be domestically produced and processed at the highest standards. Deploy DPA Title III incentives to support the sustainable production of strategic and critical materials and make available more than $3bn in loan guarantees to support efficient end-use energy technologies.
  • Semiconductor Sector Information-Sharing: Bolster partnerships with industry to facilitate information sharing between semiconductor producers, suppliers, and end-users. Strengthen engagement with allies and partners ensure resilience in semiconductor production, and provide dedicated funding for semiconductor manufacturing and R&D.
U.S. Chamber Executive Vice President and Chief Policy Officer Neil Bradley commented on the 100-day review:
“The U.S. Chamber commends the administration for a deliberative, evidence-based approach to supply chain review that draws input from across the business community and other stakeholders. The report correctly recognizes that there are no one-size-fits-all solutions, and our policy responses need to be tailored to the different circumstances facing diverse industries.
“We also welcome news that the administration has prioritized resilience, a key principle of risk management. Policies that support diversified sourcing from different countries — especially our allies — will help avert future problems.
“One challenge will be to craft pragmatic, balanced approaches that alleviate barriers to the administration’s goals. For example, it is important to recognize that the administration’s efforts to accelerate the clean energy transition must be accompanied by permitting reforms that enable increased production of critical minerals here in the United States. The business community stands ready to partner with the administration in addressing these obstacles.
“Looking ahead, it is imperative that we don’t erect new trade barriers that cut the United States off from the huge export opportunities that have long supported American jobs. The U.S. Chamber’s goal is to make the United States the best place in the world to invest, hire, and do business. We look forward to continuing to engage with the administration as it executes these plans and continues its broader review over the months ahead.”
The Chamber played an active role in advocacy throughout the 100-day review and submitted comments and policy recommendations on the reviews of strategic and critical mineralshigh-capacity batteries, and semiconductors. The E.O. also calls for a one-year review of a considerably broader array of industries. That review is ongoing, and we will continue to keep you updated on these reviews as they move forward. We are reviewing the recommendations in this report and welcome your input as we move forward.
For further information, please contact Senior Vice President for International Policy John Murphy (jmurphy@uschamber.com) or Vice President for Supply Chain Policy John Drake (jdrake@uschamber.com).
Chamber Urges Transatlantic Cooperation Ahead of Summit
The U.S. Chamber has been making the case for action to strengthen transatlantic ties and address ongoing trade conflicts ahead of the June 15 U.S.-EU Leaders’ Summit, the first meeting of its kind since 2014. The Summit represents an opportunity to reaffirm American and European leadership in addressing today’s biggest global challenges, the Chamber has argued.
On May 26, the U.S. Chamber and BusinessEurope released a joint statement calling on the United States and EU to:
  • Chart a course to rescind the U.S. Section 232 tariffs on steel and aluminum and associated European countermeasures (see also this blog);
  • Agree on terms to resolve the large civil aircraft disputes and permanently lift the tariffs imposed in connection with them;
  • Reinforce bilateral cooperation in the manufacture and distribution of COVID-19 vaccines to demonstrate global leadership toward defeating the pandemic and commit to the elimination of trade restrictions relating to goods tied to pandemic response; and
  • Swiftly conclude a successor to the EU-U.S. Privacy Shield agreement and refrain from targeting transatlantic data transfers until a new accord is in place.
On a related note, the Chamber joined more than 30 U.S. trade associations in a June 8 letter to President Biden urging him to lift the Section 232 tariffs on U.S. trading partners. The letter reads in part:
“We are encouraged by your Administration’s recent announcement that it will commence negotiations with the European Union to address global steel and aluminum excess capacity and an end to the Section 232 tariffs. We strongly encourage you to expedite these discussions in order to reach agreement as soon as possible to avoid further damage to the U.S. economy and harm to the vital relationships between America and our national security and trade allies.”
The U.S. Chamber’s European Affairs and Center for Global Regulatory Cooperation teams also published a series of blog posts on policy priorities ahead of the U.S.-EU Summit (see “Commentary” at bottom).
For further information, please contact Senior Vice President for European Affairs Marjorie Chorlins (mchorlins@uschamber.com) or Senior Vice President for International Regulatory Affairs Sean Heather (sheather@uschamber.com).
Senate Passes Innovation and Competition Act
On June 8, the Senate passed the “United States Innovation and Competition Act (USICA) of 2021” (formerly the Endless Frontier Act) on a bipartisan vote of 68 to 32. Prior to final passage, the Senate adopted Majority Chuck Schumer’s (D-NY) final substitute amendment but rejected Senator John Cornyn (R-TX) amendment to remove the Davis-Bacon prevailing wage language from the CHIPS Act provisions.
Executive Vice President and Chief Policy Officer Neil Bradley made the following statement on passage of the USICA:
“We applaud Senators Schumer and Young and the U.S. Senate for approving the U.S. Innovation and Competition Act. As the legislative process continues, the Chamber will continue to engage with members of Congress to address some ongoing concerns with the bill. Nonetheless, this bipartisan legislation illustrates what’s possible when lawmakers come together, iron out issues, and put our economic future first. The Chamber is supportive of increasing federal government investments in basic research and R&D, which have steadily declined for several decades. These investments are critical to continued U.S. scientific leadership and will support economic growth, job creation, and economic competitiveness.”
In an earlier letter to the Senate, the Chamber had noted its concerns with “the Country of Origin Labeling requirements, which would impose significant burdens, liability, and costs on American retailers and companies. We also have significant concerns with provisions related to Cyber Shield, copyright and information in the public domain.” The Chamber will work to address these issues in the House. The Chamber and others argued successfully against the inclusion of other measures such as the Casey-Cornyn proposal to create a USTR-chaired, CFIUS-like inter-agency structure to review certain outbound investments and a Brown-Portman proposal to alter U.S. AD/CVD law.
As with the Senate process, the Chamber will actively engage with the House as it prepares to take up a series of China-related bills later this month, beginning with House Foreign Affairs Committee Chairman Gregory Meeks’ (D-NY) “Ensuring American Global Leadership and Engagement (EAGLE) Act.” Member companies are encouraged to share their views and concerns with Chamber staff on this measure and with any provisions from USICA with an eye towards an eventual conference process.
For further information, please contact Senior Director for International Policy Kris Denzel (kdenzel@uschamber.com).
USTR Announces USMCA Labor Action, Pledges “Worker-Centered” Trade Policy
On June 9, the Office of the U.S. Trade Representative (USTR) and the Department of Labor announced that the U.S. has asked the Mexican government to review collective bargaining rights issues at a company under USMCA’s Rapid Response Labor Mechanism (RRLM). This request comes in response to the AFL-CIO’s petition that the Tridonex auto parts facility in Tamaulipas has denied workers the right to independent representation. In May, USTR took its first action under the RRLM by requesting that the Mexican government review allegations of workers rights’ violations at a General Motors facility, which the Mexican government has accepted and agreed to review.
The Chamber last fall weighed in with business views on USTR’s labor petition guidance to ensure due process for industry in connection with the novel mechanism. The Chamber’s comments expressed concern that the procedures for receipt and review of petitions may “encourage specious and unfounded allegations in furtherance of grievances against private parties,” and advocated for the “inclusion of additional safeguards to ensure that such petitions are objective and not subject to abuse or use for ulterior motives by the filing person.”
In related news, U.S. Trade Representative Katherine Tai spoke at a June 10 AFL-CIO Town Hall event where she gave remarks that emphasized the Biden administration’s commitment to bringing workers to the negotiating table. She highlighted the USMCA labor enforcement actions, among others, as demonstrations of USTR’s worker-centered trade policy. While the speech’s primary focus was on workers, Ambassador Tai did mention the importance of the business community to formulating trade policy:
“In addition to bringing workers to the table and partnering with our allies, we need to consult closely with the business community. American companies have the know-how and expertise that we will need to identify market access opportunities, respond to unfair trade practices, and build strategic and resilient supply chains, all at the same time.
“We want to partner with U.S. companies to send products stamped with Made in America to all corners of the world and to invest in American workers and communities. This is part of the Biden-Harris Administration’s pledge to Build Back Better.
“A worker-centered trade policy seeks to expand opportunities for businesses by expanding economic security for workers here at home. I hope American companies of all sizes will join us in this effort. We need their ideas, experience, energy, and partnership.”
Read the written remarks, and watch a recording of the event here.
For further information, please contact Senior Vice President of International Policy John Murphy (jmurphy@uschamber.com).
Biden Administration Avows Open Investment Policy
On June 8, President Biden released a statement welcoming foreign investment in the United States, the first such statement since the Obama administration. As part of the “Open Investment Policy of the United States,” President Biden promised foreign investors would be treated fairly and equitably under the law. His statement also highlighted how investments from foreign-owned companies greatly contribute to the nation’s exports, innovation, and strong workforce. The statement reads in part:
“America has the most productive workforce in the world. We have an unmatched business environment strengthened by our culture of innovation and entrepreneurship, outstanding educational institutions, and commitment to transparency, protection of intellectual property, flexible and efficient capital markets, and the rule of law. We believe that our country – and our world – are safer, more resilient, and more prosperous because of the investment of foreign-owned companies in the United States.”
For further information, please contact Senior Director for International Policy Kris Denzel (kdenzel@uschamber.com).
Business Groups Call for Moves to Reopen U.S.-Canada Border
On June 8, U.S. Chamber President and CEO Suzanne Clark joined U.S. and Canadian business leaders in releasing a joint statement encouraging moves to reopen the shared border to non-essential travel. Other signatories included the heads of the Canadian Chamber of Commerce, National Retail Federation, Canadian Manufacturers & Exporters, and Business Council of Canada. The statement recommends, beginning June 22, the U.S. and Canada should:
  • allow fully vaccinated travelers to cross the border without needing to show a negative COVID-19 test result pre-departure or being subject to quarantine upon arrival;
  • mutually recognize vaccine credentials to support the movement of fully-vaccinated travelers; and,
  • produce a forward-looking plan that includes clear guidelines for all other travelers that are consistent across all modes of transportation.
For further information, please contact Senior Vice President for the Americas Neil Herrington (nherrington@uschamber.com).
From the Home Front
Chamber Commends Bipartisan Infrastructure Discussions
On June 10, Executive Vice President and Chief Policy Officer Neil Bradley made the following statement commending bipartisan infrastructure negotiations:
“Recent infrastructure proposals by Senator Capito, yesterday’s plan by the Problem Solvers Caucus, and ongoing negotiations among the core group of bipartisan Senators proves there are paths that will lead to a bill that can be signed into law. We strongly encourage Republicans and Democrats in both the House and Senate to continue those efforts and avoid unnecessary, divisive, and time-consuming reconciliation procedures.
“There is more in common between Democrats and Republicans on the core elements of an infrastructure bill. The need for comprehensive infrastructure legislation is growing by the day. We commend those Members of Congress who are dedicated to doing the hard work of finding common ground.”
“America Works” Program Outlines Urgently Needed Workforce Solutions
On June 8, Executive Vice President and Chief Policy Officer Neil Bradley stated the following after the release of new federal data illustrated the increasingly urgent need to address the country’s ever-worsening workforce crisis:
“America’s great economic resurgence is being held back by an unprecedented workforce shortage—and it’s getting worse. We are seeing an increasing number of businesses turning down work and only partially reopening because they can’t find enough workers. It is time for the 25 remaining governors to end the $300 weekly unemployment supplement, for governors to utilize COVID relief money for rapid job training programs to help parents returning to work access childcare. And we renew our call for Congress to double the levels of legal employment immigration and visas.”
To address this national economic emergency, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation last week launched America Works, a nationwide initiative mobilizing industry and government to swiftly address America’s worker shortage crisis.
Discover workforce and job training solutions, find additional research and workforce data analysis, and explore the America Works federal and state policy agenda at uschamber.com/work.
By Steve Lutes and Sarah Karle (June 3)
Transatlantic Policy Priority Blog Series
From Above the Fold, U.S. Chamber:
Women Taking the Lead - Diplomacy in the Pandemic Era, 6.14.21
Join Women
Taking the Lead on Monday, June 14 at 1pm ET for Diplomacy in the Pandemic Era, hosted in partnership with the Chamber’s International Affairs Division. During this program we will talk with a group of foreign Ambassadors about diplomacy in the pandemic era and engagement strategies for business.
Special Guests:
Do not miss this exciting conversation on June 14!
AmChams in Europe (ACE)
Before the Summer: Creative Network Award, Bulgaria - Preliminary Registration, Board Meeting Minutes
Dear ACE Colleagues,
Summer vibes have finally arrived, but before we dive into the complete state of relaxation, we have some final exciting but important things on our ACE agenda. With this email, we are opening the Call for the Creative Network Award and preliminary registrations for the 2021 Best Practice Conference, which will take place in Sofia, Bulgaria. Please read further below.
  1. ACE Board Meeting Minutes (from May 12, 2021)  – please find the Board meeting minutes attached.
  1. Call for the Creative Network Award – do not miss out on the opportunity to inspire the ACE community with your innovative best practices and to win the 2021 Creative Network Award also this year. Please find the Call for Creative Network Award attached. Deadline for submissions: August 27, 2021.
  1. 2021 AmChams in Europe Best Practice conference - In-person Best Practice Conference is back! This year, we will gather in Sofia, Bulgaria, for the 2021 Best Practice Conference, which will take place from October 13-16, 2021. If you would like to attend, please register preliminary HERE.
Last but not least, our last Best Practice Sharing call before the summer 'The Future of Members' Needs' will take place on Thursday, June 17, 2021, 3-4 pm (CEST). Have you already registered? You can do it HERE.
Have a lovely weekend,
ACE Secretariat
Are you an existing Amazon.com seller?
Or brand new to Amazon?
U.S. Exporters — This Webinar series is for you!
Did you know? Over 95% of the world’s consumers live outside the United States. Amazon.com (USA) is just one of many different Amazon global marketplaces that can help you reach those customers around the world. Join us for an educational webinar series. In the first session, you will learn how easy it is to “Go Global” using the Amazon Global Seller Platform. We’ll explore three such marketplaces in Singapore, UAE and Saudi Arabia. Subsequent sessions will be rolled out and will cover additional Amazon marketplaces and e-Commerce topics. This webinar will help you think in a more global direction and consider how e-commerce marketplaces fit into your broader international sales strategy.
During our initial session we will cover:
  • An overview of Amazon's global marketplace footprint  
  • Signing up for an Amazon seller account. For both new and existing sellers, learn how easy it is to convert to the Global Seller Platform
  • Learn about unique market opportunities in Singapore and the Gulf Region—overview of the Amazon.sg, Amazon.ae, and Amazon.sa platforms
  • Fees, logistics, payments, fulfillment options, and promotions. In-depth Q&A with Amazon’s Global Seller onboarding experts
  • The role the U.S. Commercial Service plays in providing comprehensive export counseling to support your global business strategy. We’ll connect you to your local Export Assistance Center to explore free resources and government funding to support your e-Commerce and export-related activities.
June 15: Singapore, UAE, Saudi Arabia
July 20: Brazil
Additional sessions to be added
Time: 10:00 - 11:00 a.m. PT
Learn about Amazon Global selling and fulfillment options
Explore Amazon Marketplaces around the world to reach global customers
Register Here
Tech Download: Digital Transformation in
Saudi Arabia, Qatar, Kuwait, and the UAE
Register Now
June 23 at 10:00am EDT
Specialists from the U.S. Embassies and Consulates in the Middle East will share business opportunities in:
  • Infrastructure Security
  • Artificial Intelligence
  • Cloud Computing
  • Application Software
Register Now
Join us at our next Tech Download event on July 28: Cybersecurity in Thailand, Vietnam, Indonesia, and Cambodia.
The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. U.S. Commercial Service trade professionals in over 100 U.S. cities and in more than 75 markets help U.S. companies get started in exporting or increase sales to global markets.
If you are ready to begin exporting or expand to additional global markets, please contact your nearest U.S. Commercial Service office or access exporting resources.
Visit our User Profile Page to update your subscriptions or unsubscribe.  If you need assistance, please visit subscriberhelp.govdelivery.com.
You are welcome to contact us at publicaffairs@trade.gov.
This email was sent to foreignrelations@amcham.org using GovDelivery Communications Cloud on behalf of the International Trade Administration · 1401 Constitution Avenue NW · Washington, DC 20230
NEW PODCAST: Sustainable Energy Company's Focused Export Outlook From Inception Leads To Multi Market Success
This episode of Export Nation, features Peter Agbro of IPP Global, a company that provides sustainable energy solutions with a focus on wind power, solar power, compressed natural gas, and energy storage. IPP Global has successfully exported to Brazil and countries throughout Africa.
New Podcast
June 11, 2021
Media Contact:
Office of Public Affairs, publicaffairs@doc.gov
U.S. Department of Commerce Welcomes Additional Biden-Harris Appointees
WASHINGTON – The U.S. Department of Commerce announced today key appointments to lead the Department and its bureaus to create good-paying jobs, strengthen American businesses, and build back better and more equitably.
“We look forward to working with this diverse group of accomplished professionals to fulfill Commerce’s mission and advance the priorities of the Biden-Harris Administration,” said Chief of Staff Mike Harney. “We are thrilled to have their talent and expertise on our team as we continue empowering American workers and businesses to innovate, grow, and compete globally.”
New senior appointees and their roles are listed in alphabetical order by last name and office.
Office of the Secretary:
  • Liani Balasuriya – Director, Executive Secretariat
  • Georgette Brammer – Director of Scheduling and Advance
  • Ronnie Chatterji – Chief Economist
  • Aviva Feuerstein – Deputy Director of Public Affairs and Speechwriter
  • Roosevelt Holmes – Deputy Director of Public Engagement
  • Jennifer Kaplan – Senior Advisor, Private Sector Engagement
  • Caitlin Legacki – Senior Advisor, Strategic Communications
  • Jeremy Licht – Deputy General Counsel for Strategic Initiatives
  • Laura O’Neill – Director of Public Engagement
  • Jaclyn Portfilio – Policy Advisor
  • Sree Ramaswamy – Senior Policy Advisor
Office of the Deputy Secretary:
  • Mira Patel – Senior Advisor
  • Jason Rodriguez – Chief of Staff
Economic Development Administration (EDA):
  • Michele Chang – Deputy Assistant Secretary for Policy
  • Maria Messick – Special Advisor
  • Molly Ritner – Chief of Staff
International Trade Administration (ITA):
  • Monica Gorman – Deputy Assistant Secretary for Manufacturing
Minority Business Development Agency (MBDA):
  • Miguel Estien – Senior Advisor
National Telecommunication and Information Administration (NTIA):
  • Philip Murphy – Senior Advisor
Leaders of the US and the EU are preparing to meet in person in Brussels on 15 June for the first time since 2014. As a community of business associations in Europe, we see the summit as a critical milestone for the global agenda. That is why we have signed the below joint statement calling for a three-pronged agenda mapping a positive path to transatlantic cooperation.
Read the Statement
EU-US Summit: A critical milestone for the global agenda
For the last century, the transatlantic partnership has been the backbone of the global economy. Consumers and producers, workers and companies, citizens and their governments across the Atlantic and beyond have benefitted from the deep integrative forces that bind the United States and Europe together. By itself, the economic relationship creates 16 million jobs, generates half of total global consumption and accounts for one third of global GDP.
However, the previously undisputed leadership of the U.S. and Europe in the international system has become more precarious in recent times, as the tectonic plates of the geopolitical landscape shift. Furthermore, a once-in-a-generation global pandemic, an economic recession and a climate emergency have added to the challenges facing Transatlantic leadership.
In this context, the EU-U.S. Summit taking place on 15 June in Brussels is a critical milestone. Since the Biden Administration took office, we have seen an encouraging new momentum in the transatlantic relationship. The Summit represents an opportunity for these strategic partners to map out a positive, proactive agenda that builds on these encouraging early signs. By identifying substantive areas for cooperation, the EU and the U.S. can ensure that the transatlantic relationship continues to rhyme with prosperity, stability, welfare and leadership.
As a business community, we call for the EU and the U.S. to use the Summit to instigate a three-pronged agenda, focused on reducing barriers to trade; ensuring both sides of the Atlantic come out of the pandemic with stronger, more resilient economies; and seeking new areas for convergence and leadership as we transition towards a greener, digitalised international economy.
1. Reducing barriers to trade:
The business community wants to see both sides build on the positive early steps taken to resolve ongoing tariff disputes, by working together to overcome the root issues at the WTO.
We also call on the two sides to work to remove trade barriers by progressively pursuing by-sector agreements to reduce tariffs, as well as developing deeper regulatory cooperation.
2. Ensuring economic recovery:
As we move beyond the COVID-19 pandemic, it is vital that both sides fully utilise the fiscal and monetary firepower at their disposal to foster a balanced economic recovery that addresses existing structural flaws within their markets. ‘Building back better’ must be about bolstering the resilience of markets, businesses and workers to deal with future economic shocks. High ambition must be the goal on both sides of the Atlantic.
Travel between the U.S. and the EU must be reinstated at the earliest possible opportunity. Many industries rely on movement of people across the Atlantic – the longevity of these industries and the businesses and workers therein is at risk if the lifting of travel restrictions is delayed.
3. Converging on a greener, digital future:
Emerging issues such as the climate emergency and the digital transformation will be fundamental to the future path of humanity. We need transatlantic leadership on these issues to ensure that the values that both sides espouse are deeply embedded in the economic model of tomorrow.
The business community wants to see the EU’s proposal for a Trade and Technology Council be taken up, as a forum to advance regulatory cooperation and mutual recognition of standards, and to avoid potential future disputes between the two sides.
The U.S. and the EU stand at an important juncture in their history. The decisions made by these strategic allies now will have a lasting impact on the future. The upcoming Summit is an opportunity to lay the foundations for the strengthened international cooperation necessary to tackle the societal challenges of our time. The next steps towards ending the pandemic, fostering economic recovery and accelerating the green and digital transitions must now be taken in Brussels, on 15 June.
•ACEA (European Automobile Manufacturers' Association)
•American Chamber of Commerce in Belgium
•American Chamber of Commerce in Denmark
•American Chamber of Commerce to the European Union
•Amcham Finland
•American Chamber of Commerce in Germany
•American-Hellenic Chamber of Commerce
•American Chamber of Commerce Ireland
•American Chamber of Commerce in Italy
•American Chamber of Commerce in Latvia
•American Chamber of Commerce in Norway
•American Chamber of Commerce in Romania
•American Chamber of Commerce in Spain
•American Chamber of Commerce in Sweden
•CEFIC (European Chemical Industry Council)
•Cosmetics Europe
•EFPIA (European Federation of Pharmaceutical Industries and Associations)
•ERT (European Round Table for Industry)
•European Aluminium
•European Banking Federation
•FoodDrink Europe
•Insurance Europe

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