Joint Statement by USCIB and ICC-UK on Enhancing Cross-Border Trade and Investment
London and New York, July 16, 2018 – The United States Council for International Business (USCIB), which serves as the American national committee of the International Chamber of Commerce (ICC), joined with its British counterpart ICC-United Kingdom in issuing the following joint statement today:
“On behalf of our respective business members, USCIB and ICC-UK pledge to work together to deepen commercial and diplomatic ties between our two countries. We will do so in solidarity with the worldwide business community represented by the International Chamber of Commerce network, and in the context of support for stronger multilateral rules and institutions, from which our societies derive tremendous benefits.
“We call on our two governments to also work together – and with other leading nations and regional blocs – to reduce barriers to trade, de-escalate recent actions to increase tariffs in many areas, and take action through the World Trade Organization and other international institutions to improve the climate for cross-border trade and investment.
“Our economies face critical barriers to entry and commercial challenges in key markets. We must address these together, in a spirit of common purpose, and with the understanding that concerted international action, rather than unilateralism, is the best approach. Failing to do so will harm not just our own national competitiveness, but the world’s ability to tackle key common challenges of promoting security and development.
“We further pledge to work together at the United Nations, World Trade Organization and G20 to improve the global business environment benefitting all companies of all sectors and sizes. We will focus on:
- Championing inclusive free trade, robust international institutions and multilateral rules.
- Supporting trade in goods and services through open borders, simplified customs, fair and modern tax and IP systems, and free movement of data.
- Promoting responsible business conduct and good governance through self-regulation and improvement of best practices.
- Championing sustainable economic growth through the implementation of the Paris Climate Accord, sustainable finance, smart cities and sustainable supply chains
“We make this pledge as the International Chamber of Commerce prepares to mark its centenary next year. Founded as the “merchants of peace,” out of the ashes of the First World War, ICC continues to play a critical role in bringing the view of the private sector to the attention of governments at the highest levels, and in forging a path for business to lend its critical support to global goals of peace and sustainable development.”
The International Chamber of Commerce (ICC) is the largest world business organization representing 6.5 million companies in 130 countries. ICC provides a voice for business at inter-governmental level and is the only business organization with UN Observer Status. ICC United Kingdom is the representative office of ICC in the UK, supporting British business interests and working in partnership with UK business groups and government. ICC has three central functions: 1) Promote responsible free trade; 2) Provide the rules and standards that govern international business; and 3) Help companies and States settle international disputes. More at www.iccwbo.uk.
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.