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Posted by sheather on August 17, 2017 at 12:55pm

By John G. Murphy, Senior Vice President for International Policy, U.S. Chamber of Commerce

As the U.S., Canada, and Mexico prepare to launch negotiations on August 16 to modernize the North American Free Trade Agreement (NAFTA), the oath attributed to the ancient Greek healer Hippocrates — “Do No Harm” — has become a mantra for U.S. negotiators.

As noted widely in the press, U.S. Trade Representative Robert Lighthizer has in recent weeks consistently insisted:

… he would enter the upcoming NAFTA talks with the goal of modernizing outdated aspects of the 23-year-old agreement, while

Posted by sheather on August 11, 2017 at 2:28pm

By Shaun Donnelly and Eva Hampl, United States Council for International Business

With the Trump administration looking to update the North American Free Trade Agreement, we in industry and other trade policy watchers were eager to see its negotiating objectives, which were released earlier this month. These objectives provide insight on which areas the president’s trade negotiators intend to focus and what the administration wants included in a final agreement.

Overall, the administration’s “NAFTA 2.0” wish-list is solid.

Posted by sheather on August 11, 2017 at 2:18pm

By Shaun Donnelly, Vice President for Investment Policy, U.S. Council for International Business

On the eve of the opening of U.S.-Mexico-Canada negotiations to modernize the 25 year-old North American Free Trade Agreement (NAFTA), the U.S. business community has sent a very clear message to the U.S. administration that getting the investment chapter right remains a top priority for business. One hundred and eight business associations, national and state-based, signed a letter sent August 8 to U.S.

Posted by sheather on July 14, 2017 at 2:18pm

By Peter Robinson, President & CEO, U.S. Council for International Business

In May of this year, the Trump Administration formally notified Congress of its plans to renegotiate the North American Free Trade Agreement (NAFTA), which started the process of collecting stakeholder input. Led by the Office of the U.S. Trade Representative, the process resulted in over 12,000 submissions and 3 full days of hearings. USCIB made a detailed submission on NAFTA modernization, and also testified at the corresponding hearing, highlighting issues important to U.S. business in this modernization effort.

Posted by kaldrich on April 14, 2017 at 10:34am

Take a look around you. Whether you’re in transit, at work or at home, Foreign Direct Investment (FDI) is all around you.  For millions of Americans FDI also provides good-paying jobs.

The Bureau of Economic Analysis just released its latest FDI data, showing that foreign-headquartered firms invested $396 billion in 2016, breaking the previous record of $353 billion in 2015. A whopping 53 percent of that investment flowed into the U.S. manufacturing sector, supporting 2.4 million U.S. workers, or a fifth of all U.S. manufacturing jobs.

The rise in 2016 to a new level of FDIUS is remarkable,

Posted by kaldrich on April 04, 2017 at 10:42am

By: Eva Hampl

Earlier this month, the European Commission solicited input on their proposal for an international investment court, or multilateral reform of investment dispute resolution. USCIB, along with many business groups in the United States and other countries, submitted comments to the consultation, reflecting our members’ long-held and frequently articulated view that the EU’s proposal is an inadequate response to what is largely a political problem in the EU.

Posted by kaldrich on April 04, 2017 at 10:40am

By: Shaun Donnelly

We are seeing some worrying smoke signals from the White House these days that the Trump administration may be considering abandoning the decade-long effort to negotiate a Bilateral Investment Treaty (BIT) with China. Pulling up stakes and retreating home behind mercantilist walls would be a serious mistake for U.S. interests. We at USCIB and the U.S. business community more generally have long supported the U.S.-China BIT negotiations which actually began in 2008, toward the end of the George W. Bush Administration.

Posted by sheather on February 28, 2017 at 11:14am

By Sean Heather, U.S. Chamber of Commerce

Inbound investment is almost always lauded. The reasons are obvious. The United States is home to nearly $3 trillion dollars of foreign direct investment that directly and indirectly employs 24 million Americans and accounts for more than $500 billion in annual payroll.

But, too often we think of things in zero sum terms.  That thinking leads us to believe that we should welcome inbound investment, but shun outbound investment.  The truth is American outbound investment drives our exports, makes our economy and U.S.

Posted by sheather on October 04, 2016 at 1:16pm

By John G. Murphy, Senior Vice President for International Policy, U.S. Chamber of Commerce

Like trade, international investment is critical to American jobs and competitiveness. The investment ties between the United States and the other TPP countries are strong, but the TPP could multiply their benefits.

The benefits of investments in the United States from the other TPP countries start with jobs and paychecks. More than 17,000 companies from these 11 countries have invested $720 billion in the United States and employ nearly 1.6 million Americans directly.

These so-called “U.S.

Posted by sheather on August 24, 2016 at 9:07am

By: Peter Robinson, President & CEO, U.S. Council for International Business

The Investment chapter, and more specifically the arbitration provisions or “Investor-State Dispute Settlement (ISDS)” provisions in that chapter, have turned out to be some of the most important and controversial elements of the U.S.-EU effort to negotiate a Transatlantic Trade and Investment Partnership (TTIP). For many of us in the business community on both sides of the Atlantic, the investment provisions are among the very most important areas of the entire wide-ranging TTIP agenda.