Category: Press Releases and Statements

NFTC Launches Twitter Account

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Washington, DC – The National Foreign Trade Council (NFTC) has launched its official Twitter account, which will be updated regularly to feature press releases, news announcements, upcoming events and relevant trade- and tax-related materials. The NFTC’s Twitter account will now complement its existing Facebook page, which provides another social media forum through which to receive NFTC updates. This micro-blogging site will allow the NFTC to further engage members, reporters, organizations, associations and individuals who are interested in following its work.

We encourage you to follow us on Twitter.

To follow the National Foreign Trade Council on Twitter, please visit: http://twitter.com/NFTC   and click the “Follow” button beneath the NFTC logo. Once you’re a follower, you will start receiving NFTC updates in your Twitter news feed.

Not a Twitter user? Signing up is easy! Just visit http://www.twitter.com   and click “Sign up now.” Create a user name, password and profile – and you can begin tweeting immediately!

About the NFTC
Advancing Global Commerce for 95 Years -The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. Follow


 

NFTC, USA*Engage Express Deep Disappointment Over Senate Approval of Iran Sanctions Bill

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Washington, DC – The National Foreign Trade Council (NFTC) and USA*Engage today expressed disappointment over the Senate’s approval of S. 2799, the Comprehensive Iran Sanctions, Accountability, & Divestment Act. The associations also urged lawmakers to fix the most counterproductive features of the legislation in conference.

“We are extremely disappointed that the Senate has approved additional unilateral sanctions on Iran for a number of reasons. The bill is at cross purposes with the Administration’s multilateral strategy as regards Iran; as many analysts have pointed out, if implemented, the additional sanctions would reinforce the power of those in Iran opposed to negotiations and potentially alienate our allies,” said NFTC President and USA*Engage Co-Chair Bill Reinsch.

“The bill is also counterproductive to the goal of generating jobs, economic growth and increasing trade, given the broad scope of the proposed sanctions and the unintended consequences of the proposed penalties for the global trade community,” said USA*Engage Director Richard Sawaya. “We urge Congress to overhaul these most troubling provisions of the bill when it goes to conference, and we call on the Administration to exert its leadership and consult with Congress.”

Earlier this week, the NFTC and USA*Engage joined seven other leading business associations in sending a letter to National Security Advisor James Jones and National Economic Council Director Lawrence Summers, urging them to weigh in with Congress to eliminate the Senate bill and its companion in the House, H.R. 2194.

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About the USA*Engage

USA*Engage (www.usaengage.org) is a coalition of small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. Established in 1997 and organized under the National Foreign Trade Council (www.nftc.org), USA*Engage leads a campaign to inform policy-makers, opinion-leaders, and the public about the counterproductive nature of unilateral sanctions, the importance of exports and overseas investment for American competitiveness and jobs, and the role of American companies in promoting human rights and democracy world wide.

About the NFTC

The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.


 

NFTC Welcomes President’s Commitment to Expanding Export Opportunities, Strengthening Trade Ties

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Washington, DC – The National Foreign Trade Council (NFTC) today welcomed the President’s remarks on trade, jobs and export-related initiatives during his State of the Union Address. NFTC President Bill Reinsch released the following statement:

 

We applaud the President for expressing a clear commitment to expand export opportunities for U.S. businesses, shape a successful outcome to the Doha Round, and strengthen trade ties with Colombia, Panama, South Korea and other Asia-Pacific nations.

The President’s proposal to double U.S. exports over the next five years and in turn create two million jobs will in part hinge on whether the United States can open new markets, including in these countries. This means that the Administration must act swiftly and without further delay this year to resolve remaining issues that stand in the way of bringing each pending free trade agreement to Congress for an up-or-down vote.

The President is absolutely right –The United States cannot afford to stand still or risk falling from number one to second place. China is maximizing its economic ties within Asia and elsewhere; Canada and the European Union have inked deals with Colombia and South Korea; and if we continue to wait to for a politically opportune time to take action on our pending trade deals, we will be second to our competitors in these markets. Now is the time for action, and we urge the President to advance the process as soon as possible.

We also appreciate the President’s call for reforming U.S. export controls and look forward to continuing to work with key Administration officials as they conclude their comprehensive review of the system and make recommendations. The current export control system is in serious need of modernization and for both our national security and our competitiveness, we need a system that reflects 21st century challenges and realities.

We welcome the President’s speech and look forward to working with the Administration and Congress in the coming months to advance the proposals he outlined.

About the NFTC
Advancing Global Commerce for 95 Years – The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. 


 

Business Community Voices Strong Opposition to Iran Sanctions Bills

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Urges Administration to Weigh in with Congress


 
Washington, DC – The National Foreign Trade Council (NFTC) and USA*Engage today joined other leading associations in urging the Administration to weigh in with Congress to eliminate H.R. 2194 and S. 2799 – problematic legislative proposals that would expand U.S. sanctions on Iran and significantly undermine the U.S. national interest.

In a letter sent to National Security Advisor James Jones and National Economic Council Director Lawrence Summers, nine business organizations, including the NFTC and USA*Engage, wrote:

 

“While we agree that preventing Iran from developing the capability to produce nuclear weapons is an urgent U.S. national security objective, the unilateral, extraterritorial, and overly broad approach of these bills would undercut rather than advance this critical objective.

“The proposed sanctions would incite economic, diplomatic, and legal conflicts with U.S. allies and could frustrate joint action against Iran. They could prohibit any U.S. company from transacting routine business with critical partners from around the globe even if these transactions have no bearing on business with Iran. These provisions could encompass a very large portion of the global trade community with consequences that in our view have not been adequately assessed.

“…The United States and our allies must present a united front in the face of Iran’s nuclear ambitions. Unfortunately, these proposals would undermine these goals with sanctions of inappropriately sweeping reach, undue constraints on the U.S. Export-Import Bank, and the elimination of executive discretion in the conduct of U.S. foreign policy. We urge you to weigh in vigorously with Congress to eliminate these highly problematic proposals.”

In addition to the NFTC and USA*Engage, the letter was signed by Business Roundtable, the Coalition for Employment through Exports, the Emergency Committee for American Trade, the National Association of Manufacturers, the Organization for International Investment, the U.S. Chamber of Commerce and the U.S. Council for International Business.

For the full text of the letter, please click here. http://www.nftc.org/default/Sanctions & Export Controls/Iran Sanctions _Jan 2010_.pdf 


About the NFTC
Advancing Global Commerce for Over 95 Years – The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.

Group Advises Administration to Focus on Simple, Transparent and Efficient Reform of Export Control System

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Washington, DC – The Export Control Practitioners Group, composed of a diverse group of associations, businesses, practitioners and seasoned compliance experts, today released a comprehensive set of recommendations for transparent and efficient reform of the U.S. export control system. The Practitioners Group, which has been active for the past decade, began preparing these recommendations following the Administration’s announcement of an export control system review in August 2009.

In a letter sent to National Security Advisor General James Jones and National Economic Council Director Lawrence Summers, the Group noted that the recommendations were developed to “assist the reform process in achieving its goals of a streamlined mechanism with higher walls around fewer items.”

The Practitioners Group’s guiding principles for reform include the following:
 

• Pursue reform with a government/private sector partnership at the center.
• Ensure accountability in the decision-making process.
• Control lists, thresholds, and parameters must keep pace with advances in critical technologies.
• Controls must take into account the globalization of research and development of new technologies.
• Export controls must be multilateral to be effective in denying controlled technology to our adversaries.
• A strong technology industrial base is critical to maintaining a strong national defense.
“The world has changed significantly since the enactment of the first Export Administration Act in 1949, and while we continue to support strong actions to protect our security, the system badly needs reforms that will enhance our security while retaining America’s competitive lead in high technology,” stated the Practitioners Group.

Several members of the Group are a part of the business community’s Coalition for Security and Competitiveness, which also released its recommendations for reform this week. While the recommendations issued by the two groups differ in terms of emphasis, the key messages are comparable. The business community is united in the effort to work with the Administration to effectuate reform of outdated U.S. export controls.

To read the Group’s detailed recommendations, please click here.

 

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About the NFTC
Advancing Global Commerce for Over 95 Years – The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.

Broad-Based Business Coalition Proposes a Modernized Export Control Regime

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Washington, DC – The Coalition for Security and Competitiveness (CSC) today released detailed policy recommendations for a 21st Century Technology Control Regime that will enhance both national security and U.S. competitiveness. The Coalition of leading industry and trade associations recommended a series of steps the Administration should take to modernize the export control system.

Specifically, the group proposes reform achieving the following objectives:

  • Establish clear lines of responsibility in the commodity jurisdiction process;
  • Promote effective compliance and enforcement;
  • Improve outreach to and resources for U.S. industry, particularly for small and medium-sized enterprises;
  • Promote greater multilateral cooperation with allies and partners; and
  • Improve the licensing system and increase transparency.
The recommendations each include a thorough, practical explanation of how they can be achieved.

“We believe changes must be made to the current system to make sure it is aligned with our current security needs and the realities of the global technological environment, and – as a practical matter – operates in a more predictable, transparent and efficient manner,” the Coalition stated in the letter, which was also sent to Secretary of State Hillary Clinton, Secretary of Defense Robert Gates, Secretary of Commerce Gary Locke, National Security Advisor General James Jones and National Economic Council Director Lawrence Summers.

The CSC sent a letter to President Obama and key administration officials yesterday outlining the recommendations and pushing for immediate action. The coalition has been actively engaged with the Obama Administration since its August 2009 announcement that an interagency taskforce would conduct a comprehensive review of U.S. export controls, which is currently under way. In October 2009, the Coalition submitted to the Administration a set of principles and implementation objectives to guide the reform effort.

“Taken together, our principles and recommendations would create a 21st century export control regime that protects critical technologies, safeguards our national security, spurs innovation and promotes economic growth,” the Coalition stated in yesterday’s letter to the President and key Administration officials.

The letter was sent on behalf of the Coalition’s member associations, which include the Aerospace Industries Association, the Association of American Exporters and Importers, the AMT – Association for Manufacturing Technology, The Business Roundtable, the Coalition for Employment Through Exports, the General Aviation Manufacturers Association, the Industrial Fastener Institute, the Information Technology Industry Council, the National Association of Manufacturers, the National Defense Industrial Association, the National Foreign Trade Council, the Satellite Industry Association, the Space Enterprise Council, The Space Foundation, TechAmerica and the U.S. Chamber of Commerce.

For a copy of the letter and recommendations, please click here.

About the Coalition:

The Coalition for Security and Competitiveness was launched on March 6, 2007, when it provided President Bush with initial recommendations for enhancing U.S. security and competitiveness through modernization of the export control system. Formed by eight leading associations, the Coalition seeks to modernize the export control system so that America is prepared to meet the security and economic challenges of the 21st century. More information about the coalition can be found online at www.securityandcompetitiveness.org.

About the NFTC:

Advancing Global Commerce for 95 Years – The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.

As Climate Accord Takes Shape, NFTC Urges Integration with Global Economic Framework

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In Copenhagen, U.S. business group highlights role of unilateral trade measures and IP in climate talks

Copenhagen, Denmark – A leading U.S. business association today welcomed efforts of U.S. and international negotiators to take a first step towards a new multilateral framework on climate change, while urging attention to key issues at the intersection of climate policy and the global economy as the United States works to develop national climate solutions.

In the wake of reports of a new political framework, the Copenhagen Accord, the National Foreign Trade Council (NFTC) highlighted two issues of importance to the U.S. business community in the international negotiations: the protection of intellectual property rights and use of unilateral trade measures.

The Council noted that issues involving the role of intellectual property rights in the development and deployment of clean technologies continued to have a high profile in the negotiations. “It’s clear from the negotiations this week that governments cannot solve global warming by themselves,” said John Stubbs, who directs the Council’s Global Innovation Forum (www.globalinnovationforum.net). “The private sector must be a majority partner in developing solutions, and that would start with encouraging greater private sector investments in clean technology.” NFTC observed that the intellectual property discussions had been moving in the opposite direction, and certain proposals on the table would have discouraged investment in clean energy technologies. While the Accord appears free of such references, the Council will continue to monitor discussion of IP and technology issues in the United Nations Framework Convention on Climate Change (UNFCCC) process, including the call for the establishment of a technology mechanism.

Opposition to the use of unilateral trade measures turned out to be an important sleeper issue in the negotiations. China and India led efforts to include language which would have committed countries to oppose efforts to include border adjustment measures or carbon tariffs in domestic climate policies. “The fact that trade developed such a high profile in the talks should surprise no one,” said Jake Colvin, NFTC Vice President for Global Trade Issues. “Developing countries recognized trade was a red line for the United States, and used the negotiations as an opportunity to highlight their opposition to carbon tariffs.” Trade is unlikely to diminish as an issue, said Colvin, who lead NFTC’s participation in the Copenhagen climate talks.

Given the important linkages between trade, investment, and climate change, the presence of officials from the World Trade Organization and World Intellectual Property Organization as observers to the negotiations was welcome.

NFTC expressed appreciation for the work of the United States Government in Copenhagen. “The tireless efforts of the U.S. delegation helped to ensure that the climate talks advanced as far as they did,” said Colvin. “The United States brought their A game, and did everything they could to tee up an agreement. We commend U.S. negotiators for their efforts to ensure transparency in the negotiating process and their willingness to brief U.S. NGO observers.”

As the world now looks towards achieving further progress at the next climate summit in Mexico in 2010, the Council notes that challenges remain for U.S. policymakers. “To the extent that these efforts lead to a successful international outcome, the real challenge for the United States will be implementing domestic climate policies in ways which are consistent with an emerging global framework,” said Colvin.

One challenge for Congress will be how to address concerns about U.S. competitiveness and carbon leakage in ways that acknowledge actions by countries such as China and India which may be taken under an international framework. “There is a difference between the kinds of actions developing countries would be required to take under a global agreement and what the U.S. Congress would consider ‘comparable,'” according to Colvin. “If countries are perceived as complying with their international obligations and the United States still decides to slap a tariff on their exports through U.S. climate legislation, it would set the stage for a nasty confrontation with our trading partners.”

Another challenge for the United States will be to secure the levels of funding that would be required under a deal. Legislators have already come under pressure to scale back financing and capacity building programs that would help fund the deployment of clean technologies in developing countries. Concerns have also been raised about private financing mechanisms. Delivering on financing will be essential to the success of an international effort.

“It has been clear for some time that Copenhagen would be the first step in a longer process,” said NFTC President William A. Reinsch. “Now that it’s behind us, the United States should focus on integrating domestic policies into the international climate framework and ensuring that those efforts support U.S. economic growth and a rebalancing of the global economy.”

The National Foreign Trade Council (NFTC) is a leading business organization advocating an open, rules-based global trading system, whose member companies include Boeing, Caterpillar, General Electric, Microsoft, United Technologies Corporation and Wal-Mart Stores. The Council is an accredited observer organization to the UNFCCC climate talks, and led a delegation of U.S. businesses to participate in Copenhagen Conference of Parties (COP-15). NFTC advocates multilateral cooperation on climate change, promotes strong global protection of intellectual property rights, and encourages robust financing and capacity building efforts to help mitigate climate change. NFTC also supports open and transparent trade in green goods and services and urges that U.S. climate policies be compliant with WTO rules and complementary with the global trading system.

For more information about the NFTC’s climate-related efforts, please click here: http://www.nftc.org/?id=260&cat=Issues_ClimateChange

About the NFTC

Advancing Global Commerce for 95 Years – The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.


 

NFTC, USA*Engage Urge House to Oppose Unilateral Iran Sanctions Bill

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Washington, DC – In a letter sent to all members of the U.S. House of Representatives, the National Foreign Trade Council (NFTC) and USA*Engage yesterday urged policymakers to oppose H.R. 2194, a bill which would amend the Iran Sanctions Act of 1996 by expanding U.S. unilateral sanctions against Iran. The letter warned that instead of delivering a “crippling blow” to the Iranian regime, the bill would fall short in meeting its intended goals and would unfairly penalize U.S. industry and companies operating in the same countries engaged in applying multilateral pressure on Iran’s leaders.

NFTC President Bill Reinsch and USA*Engage Director Richard Sawaya wrote the following:
 

“The proposed legislation would also amend the Iran Sanctions Act so that U.S. companies with no involvement in Iran’s energy sector would nevertheless be penalized. Specifically, the bill would change the definition of “person” to include financial institutions, underwriters, guarantors, any other business organizations, including any foreign subsidiaries, parents or affiliates of such a business organization, and export credit agencies. Adding insurers and re-insurers, as well as ECAs that might have any connection to Iran’s energy sector, including petroleum product imports, could preclude Ex-Im Bank from doing business with them to co-finance major U.S. exporters that have no relation to Iran’s energy sector. Moreover, any U.S. company with business dealings with a foreign based company that in turn has any relation with Iran’s energy sector could be subject to sanctions. Given the realities of global commerce, such an outcome would harm the U.S. and alienate our allies.”

“The expansive nature of this bill will have a number of unintended consequences for U.S. and foreign companies. While the legislation is aimed at hitting Iran where it hurts, these sanctions will have a boomerang effect and will end up harming U.S. economic and diplomatic interests in the long run,” said Reinsch.

“By proposing to penalize companies with no ties to Iran’s energy sector, export and job growth are at risk here at home,” said Sawaya. “The NFTC and USA*Engage are fundamentally opposed to unilateral sanctions because they are ineffective in achieving their stated purpose, and leave much collateral damage – in this case U.S. economic growth – in their wake.”
 

To read a full copy of the letter, please click here.
 
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About USA*Engage

USA*Engage (www.usaengage.org) is a coalition of small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. Established in 1997 and organized under the National Foreign Trade Council (www.nftc.org), USA*Engage leads a campaign to inform policy-makers, opinion-leaders, and the public about the counterproductive nature of unilateral sanctions, the importance of exports and overseas investment for American competitiveness and jobs, and the role of American companies in promoting human rights and democracy world wide.

About the NFTC

Advancing Global Commerce for Over 95 Years – The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.

NFTC, USA*Engage Express Serious Concerns About House Passage of Iran Sanctions Bill, Urge Senators to Reject Legislation

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Washington, DC – The National Foreign Trade Council (NFTC) and USA*Engage today expressed deep disappointment over the U.S. House of Representatives’ approval of H.R. 2194, a bill that would amend the Iran Sanctions Act of 1996 by expanding U.S. unilateral sanctions against Iran in ways that pose a threat to the competitiveness of U.S. and foreign companies.

“We are deeply disappointed that the House approved this flawed piece of legislation. In many ways, the House vote was predictable, as Congress consistently feels the need to ‘do something’ to show the Iranian regime it disapproves of its pursuit of nuclear weapons. While the intentions behind the bill are understandable, this is both the wrong time and the wrong policy tool to use to affect the behavior of Iran’s leaders,” said NFTC President Bill Reinsch. “The reality is three-fold. One, unilateral sanctions are ineffective because they do not include the buy-in and support of our allies in the international community. Two, the Administration is engaged in delicate multilateral negotiations aimed at applying pressure on Iran to change course. Three, this bill is far-reaching, and instead of imposing targeted sanctions, it will, if enacted, broaden the scope of actions and actors subject to sanctions in an unprecedented way.”

“The potential consequences of this bill to U.S. industry, exports and jobs have not been analyzed in great detail. We urge the Senate to reject S. 2799, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2009, in its current form, and spend time reviewing its provisions to better determine the impact on the U.S. economy,” said USA*Engage Director Richard Sawaya. “Now is not the time to implement broad-brush sanctions that have little focus and will likely do more harm than good. We applaud several Senators who have expressed concerns and principled objection to the bill as drafted, including Senator Kerry.”

A NFTC/USA*Engage analysis of the House and Senate bills highlights the following key flaws:

* With respect to the extension of the Iran Sanctions Act to “entities” that trade refined petroleum products to Iran, both bills contain language that would subject any entity that trades refined petroleum products (as defined in the law) with Iran, over a fairly minimal dollar threshold, to mandatory sanctions enumerated in the bills. Assuming OFAC adopts the traditional approach to restricting U.S. persons from dealing in “property” or “interest in property” of the sanctioned person, U.S. companies could be precluded from any trade or business relationship with the sanctioned entity. The language in the additional mandatory sanctions section of each bill is quite sweeping, and would isolate any entity engaged in such trade from the U.S. economy.

* The bills also target foreign export credit agencies (ECAs) that finance any entities that have dealings with Iran’s energy sector. This measure would effectively preclude the Export-Import Bank from co-financing with such ECAs projects of U.S. exporters that have no relation to Iran’s or to its energy sector.

* The President’s waiver authority in both bills is severely constrained.

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About USA*Engage

USA*Engage (www.usaengage.org) is a coalition of small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. Established in 1997 and organized under the National Foreign Trade Council (www.nftc.org), USA*Engage leads a campaign to inform policy-makers, opinion-leaders, and the public about the counterproductive nature of unilateral sanctions, the importance of exports and overseas investment for American competitiveness and jobs, and the role of American companies in promoting human rights and democracy world wide.


About the NFTC

Advancing Global Commerce for Over 95 Years – The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.

NFTC Welcomes Administration’s Notification to Congress on Intent to Join TPP Negotiations

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Washington, DC – The National Foreign Trade Council (NFTC) today welcomed news that the Obama Administration sent to Congress a notification announcing its intent to join the Trans-Pacific Strategic Economic Partnership Agreement (TPP) negotiations. The president publicly announced his support for initiatives aimed at expanding U.S. economic engagement with countries in the Asia-Pacific region during his visit to Asia last month. NFTC Vice President for Regional Trade Issues Chuck Dittrich released the following statement:

“The NFTC is extremely pleased with the Administration’s announcement today regarding plans to participate in the TPP negotiations in the coming months.

“This is an important step toward strengthening economic and commercial ties between the United States and the Asia-Pacific region.

“The TPP is an ambitious undertaking and has the potential to significantly expand trade relations with one of the most dynamic regions in the world. The agreement will help to better integrate the Asia-Pacific market into the global economy, will promote domestic job growth and will forge more robust economic relations between the United States and its allies in Asia.”

“We look forward to working with the Administration as the first round of negotiations begins in the spring.”

In a November 4, 2009, letter sent to President Obama, U.S. Trade Representative Ron Kirk and Secretary of Commerce Gary Locke, the NFTC urged the president to use the occasion of his historic visit to Asia to move forward with negotiations to join the TPP.

About the NFTC

Advancing Global Commerce for 95 Years – The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.