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U.S. Chamber Newsletter-International Policy Update (5/6)

9 May 2022 Monday

U.S. Chamber of Commerce

International Policy Update

May 6, 2022

 

Chamber to Host Global Forum May 10-11

 

Chamber Weighs in on U.S.-EU Trade and Technology Council Meeting

 

Senate Instructs Bipartisan Innovation Act Conferees

 

Inflation Puts Tariffs in Spotlight

 

Chamber Calls for Ending Tariffs on Imports from Ukraine

 

Chamber Launches Africa Digital Innovation Competition

 

Chamber Joins Groups in Applauding Kigali Amendment Progress

 

From the Home Front

 

Chamber Calls on Congress to Support Small Business Growth

 

Commentary

 

The US Must Lead the World in Cybersecurity – And Lead by Example

 

Workers at Panasonic Facility in Mexico Elect New Union

 

 

Chamber to Host Global Forum May 10-11

 

The U.S. Chamber of Commerce will host its second annual Global Forum on May 10-11. Reflecting this year’s theme for the virtual event — “Competition in the Global Marketplace” — the program will discuss how businesses, governments, and citizens are wrestling with substantial shifts in the global landscape. The event will explore how the competition for global markets is shaping firms’ ability to achieve sustainable, durable, and inclusive growth.

 

The program will feature conversations with government leaders, senior officials, and business executives on topics such as unlocking global financial markets, digitalization of the global economy, supply chain challenges, securing workable solutions to address climate change, energy security, and the geopolitical landscape in which all of these are unfolding. Confirmed speakers include:

  • H.E. Guillermo Lasso, President of Ecuador;
  • H.E. Macky Sall, President, Senegal;
  • Ian Bremmer, President, Eurasia Group and Author of The Power of Crisis;
  • Anne-Marie Trevelyan, Secretary of State for Trade, United Kingdom;
  • Gan Kim Yong, Minister for Trade and Industry, Singapore;
  • Rich Carter, Vice President, Chief Digital Officer, Eli Lilly and Company;
  • H. E. Chan Heng Chee, Ambassador-at-Large, Singapore;
  • Mathias Cormann, Secretary-General, Organization for Economic Cooperation and Development;
  • Daniel Hanna, Global Head of Sustainable Finance, Standard Chartered;
  • Ambassador Jon M. Huntsman, Jr., Vice Chair, Ford Motor Company;
  • Peter R. Huntsman, Chairman, President, Chief Executive Officer, Huntsman;
  • David W. MacLennan, CEO, Cargill;
  • Caroline Louveaux, Chief Privacy Officer, Mastercard;
  • Dr. Ngozi Okonjo-Iweala, Director-General, World Trade Organization;
  • Mike Parra, Chief Executive Officer, DHL Express Americas; and
  • Vivek Pathak, Global Head of Climate Business at IFC.

For further information and to register for the event, please click here.

 

Chamber Weighs in on U.S.-EU Trade and Technology Council Meeting

 

On May 3, the U.S. Chamber and BusinessEurope issued an open letter to U.S. and EU officials outlining priorities for the upcoming U.S.-EU Trade and Technology Council meeting. The letter outlines six specific areas where closer collaboration and concrete deliverables are essential:

  • Responding to China’s anticompetitive market practices;
  • Incentivizing and regulating emerging technologies;
  • Enhancing supply chain security;
  • Promoting increased U.S. energy exports to Europe and accelerating the clean energy transition;
  • Securing conformity assessment agreements and MRAs where appropriate; and
  • More transparent stakeholder engagement.

 

On May 4, the European Affairs Program hosted an event in partnership with the Embassies of Denmark, Finland, and Sweden entitled “American & Nordic Business Perspectives on the U.S.-EU Trade and Technology Council.” The event brought together government officials with U.S. and European business executives to discuss energy security and sustainability, supply chain security and resiliency, and cooperation on emerging technologies balanced against the risk of a growing transatlantic digital divide. U.S. Under Secretary of State for Economic Growth, Energy, and the Environment José Fernandez opened the event with remarks on the areas the U.S. and EU are expected to achieve progress ahead of the 2nd ministerial.

 

For further information please contact Senior Director for Europe Garrett Workman (gworkman@uschamber.com).

 

Senate Instructs Bipartisan Innovation Act Conferees

 

On May 4, the Senate held votes on 26 “Motions to Instruct (MTI),” which are votes intended to guide senators as they enter into a formal conference on the Bipartisan Innovation Act (which will draw from the Senate-approved U.S. Innovation and Competition Act, or USICA, and the House-passed America COMPETES Act). These MTIs were agreed upon by Senate Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-KY). The results of all 26 votes can be found here.

 

Of note, the Senate approved on a 53-43 vote an MTI offered by Senator Pat Toomey (R-PA) on establishing an exclusion process for goods subject to duties under Section 301, which the Chamber supports. The Chamber engaged with a range of Senate offices on this matter before the vote.

 

Separately, the Senate rejected an MTI offered by Senator Bernie Sanders (I-VT) on a 6-87 vote; it would have placed counterproductive conditions on the incentives to be established under the CHIPS for America Act. The Chamber joined a multi-association letter urging senators to oppose this MTI, and the Chamber previously opposed the provisions in a blog post.

 

Also, on a unanimous vote, the Senate agreed to an MTI offered by Senator Robert Menendez (D-NJ) to establish an inspector general for the Office of the U.S. Trade Representative. Menendez has long pushed this issue, which some legal analysts question given that the USTR is a part of the Executive Office of the President, where inspector generals have never been installed.

 

As shared earlier, the Chamber sent a letter to the full Congress on March 16 outlining the business community’s priorities for the legislation. The Chamber has held dozens of meetings with conferees at both the member and staff level and will continue to engage in efforts to shape the final bill as House and Senate lawmakers look to reconcile differences in their two versions. The 107 conferees include House conferees here and here and Senate conferees here and here.

 

For further information, please contact Director for International Policy Isabelle Icso (iicso@uschamber.com).

 

Inflation Puts Tariffs in Spotlight

 

The economic reality and political salience of inflation is putting mounting pressure on the administration to devise ways to combat rising prices, and one of the potential moves gaining traction is removing tariffs on U.S. imports. As U.S. Chamber Senior Vice President for International Policy John Murphy said in article by The Wall Street Journal: “Tariff relief is one of the few things that could help that is in the administration’s control.”

 

Murphy recently argued in a blog post that cutting tariffs “can help counter soaring inflation, shore up the competitiveness of U.S. manufacturers, and remedy the unfairness of a tariff system that hits the poor hardest.” Even though tariff relief is “no panacea” for the challenges currently facing the American economy, it “could help in important ways,” he wrote.

 

On a related note, the U.S. International Trade Commission released a notice for an investigation entitled “Economic Impact of Section 232 and 301 Tariffs on U.S. Industries.” The investigation was directed by Congress in the Consolidated Appropriations Act for FY 2022 and will highlight the impacts in the U.S. industries most affected by the Section 232 and 301 tariffs that were active as of March 15, 2022. A public hearing is scheduled for July 21 of this year, and a final report is expected by March 15, 2023.

 

For further information, please contact Senior Vice President for International Policy John Murphy (jmurphy@uschamber.com).

 

Chamber Calls for Ending Tariffs on Imports from Ukraine

 

This week, the Chamber in a blog post called on the U.S. to follow the lead of the United Kingdom and European Union on ending tariffs on goods imported from Ukraine. The Chamber contends that such a move would support “Ukrainian workers, farmers, and companies for whom international trade ties can be a lifeline” even though it may have only a modest effect on Ukraine’s war-torn economy.

 

On the sanctions front, the European Union announced a proposal to ban Russian oil imports in the next six months and all refined oil products by the end of the year as part of the bloc’s sixth sanctions package against Russia. The package would also sanction Sberbank, Russia’s largest bank, which the U.S. has already done. In the initial EU proposal, member states with particularly heavy dependence on Russian oil, such as Hungary and Slovakia, both of which rejected the initial proposal, would be given until December 2023 to enact the ban. The European Commission aims to receive full approval of the package by Friday, but there are still many details to be hashed out.

 

Congress has not yet taken up President Biden’s $33 billion request for longer-term assistance to Ukraine, and the package is expected to face some roadblocks as congressional leaders debate a path forward for the funding. The supplemental request includes $20.4 billion in military and security aid, $8.5 billion in economic assistance, and $3 billion in humanitarian aid. There is also targeted funding of $500 million to address food insecurity concerns by increasing crop production. Congress previously provided $13.6 billion in military, humanitarian, and economic aid to Ukraine.

 

The Chamber will continue to monitor developments and engage with the administration and Congress as these policies are implemented. For further information, please contact Senior Vice President for International Policy John Murphy (jmurphy@uschamber.com) or Director for International Policy Isabelle Icso (iicso@uschamber.com). On matters related to Ukraine’s humanitarian crisis, please contact U.S. Chamber of Commerce Foundation Senior Vice President Marc DeCourcey (mdecourcey@uschamber.com).

 

Chamber Launches Africa Digital Innovation Competition

 

As part of the 2022 U.S.-Africa Digital Economy Summit, the U.S. Chamber of Commerce’s U.S.-Africa Business Center (USAfBC), in conjunction with AmChams across Africa, is hosting its annual Digital Innovation Competition for African Startups. The competition is targeted towards Digital SMEs and startups that are looking to facilitate the delivery of digital, cross-border, interoperable, and cross-domain services, and solutions, while also accelerating their digitally enabled growth.

 

The Digital Innovation Competition will award innovators, entrepreneurs, and startups for developing solutions through digital products and services while creating a positive impact on African citizens. This competition seeks to promote talent in Africa through social impact, digital initiatives that incorporate cutting-edge technologies, innovation, and creativity in the form of proposals that formulate solutions to different problems and opportunities in the region.

 

The competition will be focused on three broad thematic areas:

  1. Fintech and Cyber Solutions: covering data flow solutions, cross border digital platform solutions, mobile technology, intellectual property management, cyber security, and digital movement of creative art (movies, music, art).
  2. Sustainability & Supply Chain Solutions: covering smart manufacturing, e-commerce, management of shared economies, improvement to digital supply chain, logistics solutions to e-commerce businesses, and Agriculture technology (AgTech).
  3. Human Development & Social Services Solutions: covering digital health solutions, e-learning platform.

The application deadline is 11:59pm EDT on June 30, 2022. Click here for more information and e-mail adic@uschamber.com with any questions.

 

Chamber Joins Groups in Applauding Kigali Amendment Progress

 

In response to the Senate Foreign Relations Committee passage of the Kigali Amendment, the U.S. Chamber of Commerce, Air-Conditioning Heating and Refrigeration Institute, American Chemistry Council, The Alliance for Responsible Atmospheric Policy, and National Association of Manufacturers issued the following statement:

 

“The business community applauds the Senate Foreign Relations Committee for its bipartisan vote approving the Kigali Amendment for consideration by the full Senate. This is an important step in ensuring the U.S. joins this global effort while accessing international markets that will grow American jobs. It is a win for the economy, the environment, and U.S. leadership.”

In February, the U.S. Chamber joined a multi-association letter to the Senate Committee on Foreign Relations urging Chairman Robert Menendez (D-NJ) and Ranking Member Jim Risch (R-ID) to expeditiously consider the Kigali Amendment so it can move to the full Senate.

 

For further information, please contact Vice President for Environment and Sustainability Chuck Chaitovitz (cchaitovitz@uschamber.com).

 

From the Home Front

 

Chamber Calls on Congress to Support Small Business Growth

 

In honor of National Small Business Week, the U.S. Chamber of Commerce is calling on Congress to embrace a set of five free enterprise principles that emphasize what small business owners, founders, and entrepreneurs need from government to grow and thrive.

 

America’s 32.5 million small businesses account for more than 99% of all U.S. companies and employ just under 47% of private sector employees. In the last two years, entrepreneurship has taken off at unprecedented levels, leading to the largest increase in new business applications in recorded history. To sustain this trend, policymakers need to nurture small business growth.

 

The Small Business ‘Bill of Rights‘ asks our elected leaders to provide an environment where small business can:

  • Hire and manage employees
  • Establish the terms on which they do business
  • Be protected against frivolous lawsuits
  • Benefit from their business and direct its future
  • Be free of onerous regulations

U.S. Chamber Vice President of Small Business Policy Tom Sullivan stated:

“These five principles summarize the basic rights of every small business owner in this country, and they should be embraced by every elected leader across our national, state and local governments.”

 

“Small business owners have faced challenge after challenge with the spirit of entrepreneurship and grit that that built our country. It’s more important now than ever, in the face of rising inflation and labor shortages, that our elected leaders keep small businesses top-of-mind when crafting legislation.”

The Small Business Bill of Rights builds on the U.S. Chamber’s longstanding commitment to small businesses. To celebrate small business this week, and all month long, CO—by U.S. Chamber of Commerce launched a webpage highlighting small business events happening in May, and tools and resources business owners can use year-round in their entrepreneurial journey.

 

Commentary

 

The US Must Lead the World in Cybersecurity – And Lead by Example

U.S. Chamber (May 4) by Sean Heather

 

Workers at Panasonic Facility in Mexico Elect New Union

U.S. Chamber (May 3) by Stephanie Ferguson

 

 

Yönetim Kurulu Başkanımız Sn.Suleyman E.SANLI Ekotürk Stüdyo Newyork Programında Sn.Özlem KARAKULLUKCU nun konuğu olarak G20 Maliye Bakanları ve Merkez Bankası Başkanları zirvesini,

2-Dışişleri Bakanımızın 18. Mayıs'ta Washington'da görüşmelerinden beklenenler , F-35 politikası değişiklik gösterir mi? ABD-Türkiye ilişkileri nasıl bir yol izler?

3- ABD ile kurulan stratejik karar mekanizmasindan beklentiler ve süreç ile "Bölgemizdeki gelişmeler Türkiye-ABD ilişkileri için içerdiği önemli fırsatları

4- ABD'nin Türkiye'nin en büyük 4. ticaret ortağı olması ve "Ticari ilişkilerde her iki taraf için de daha fazla büyüme değerlendirmesi

5-Ukrayna'yı işgali nedeniyle Türkiye'nin Rusya'ya karşı sergilediği duruş, ABD ile ilişkilerin geliştirilmesinde itici güç rolü oynuyor mu? Ukrayna, Türkiye-ABD İlişkilerini etkileyecek mi?

6-Koronavirüs salgınından dolayı Çin'in yeniden kapanmaya gitmesi ve Rusya'ya karşı uygulanan ambargolardan, ABD- Türkiye ticaret ilişkileri nasıl etkileniyor?

7-ABD, aralarında Türkiye'nin de olduğu 90 ülkeyi korona virüs nedeniyle seyahat edilmesi tehlikeli uçuş noktaları listesinden çıkardı. Türkiye'nin bu listeden çıkarılması, iki ülke arasındaki diyaloğu nasıl etkileyecek?

Konularıni yorumladı.

TABA-AmCham Başkanı Sn. Süleyman E. SANLI A PARA Paranın Yönü Programında Sn.Uğur KORKMAZ'ın Konuğuydu.

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