Category: Press Releases and Statements

Global Innovation Forum Unveils Brain Trust

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Diverse Group of Innovation Thought Leaders to Lead Ongoing Dialogue on Innovation Policy

Washington DC – The National Foreign Trade Council’s Global Innovation Forum (GIF) today unveiled its Brain Trust, an advisory board of innovation thought leaders. The Brain Trust will support the GIF’s efforts to increase awareness and understanding about innovation policy and its affect on jobs and the development of solutions to address global challenges.

“The Global Innovation Forum’s Brain Trust will assist our effort in informing and directing productive discussions on innovation policy,” said John Stubbs, GlF’s Executive Director. “Our goal is to increase awareness and understanding about global policies that affect innovation. We are building a big tent for this dialogue, and we want to include all interested stakeholders.”

The Global Innovation Forum’s initial Brain Trust members are listed below.

GIF’s first event at Howard University with USTR Ron Kirk

GIF held its first event on Wednesday at Howard University in Washington, DC, “Securing America’s Future: Innovation Jobs for the Middle Class,” featuring the first public speech by newly confirmed United States Trade Representative Ron Kirk. The event focused on the importance of global trade rules to the creation of innovation-based jobs for the American middle class.

“The brainpower of American researchers, scientists, engineers and manufacturing workers are already solving the world’s greatest challenges– from health crises like AIDS and heart disease, to energy crises like climate change. And America’s industrial sector is ready to produce the solutions – from sophisticated chemicals to precision components,” noted Amb. Kirk in his remarks. “But as the President’s Trade Policy Agenda says, one key to our economic success is our ability to trade that innovation and creativity – through our products, our services, our intellectual property – in a rules-based system around the world.”

From the Brain Trust, Judge Newman, Professor Espinel, Dr. Gooray, Ms. Boseman-Hardy and Mr. Heibein were in attendance and participated in lively roundtable discussions with attendees. Other participants included representatives from academia, government, small businesses, non-governmental organizations, research and development, and investment communities.

“The event was an enormous success,” said Judge Pauline Newman, Circuit Judge for the U.S. Court of Appeals for the Federal Circuit. “The Global Innovation Forum compiled a powerful cross-section of viewpoints, and at a high enough level to count. This forum may provide a pathway forward for understanding and resolving some of the issues confronting innovators around the world today.”

Global Innovation Forum Brain Trust

Mr. Steven Bennett
Chief of Staff | The Brookings Institution

Prof. Amar Bhidé
Lawrence D. Glaubinger Professor of Business |Columbia University

Ms. Johnetta Boseman-Hardy
Executive Director | Entrepreneurship, Leadership and Innovation Institute, Howard University

Dr. Peter Capelli
Director, Center for Human Resources | The Wharton School, University of Pennsylvania

Dr. Rajesh K. Chandy
James D. Watkins Chair in Marketing | Carlson School of Management, University of Minnesota

Dr. Cartier Esham
Director of Health and Regulatory Affairs for Emerging Companies | Biotechnology Industry Organization

Prof. Victoria A. Espinel
Visiting Assistant Professor | George Mason University School of Law
Former Assistant U.S. Trade Representative for Intellectual Property and Innovation

Dr. Arthur Gooray
Product Development Manager | Eastman Kodak

Mr. Steve Heibein
Vice President for Technology | Center for American Progress

Mr. Dean Kamen
President | DEKA Research & Development Corporation

Sec. Kathleen A. McGinty
Founding Partner | Peregrine Technology Partners, LLC
Former Secretary of the Pennsylvania Department of Environmental Protection

Mr. John McIlwraith
Managing Director | Blue Chip Venture Company

Judge Pauline Newman
Circuit Judge | U.S. Court of Appeals for the Federal Circuit

Dr. Rob Shapiro
Chair | NDN Globalization Initiative
Former U.S. Under Secretary of Commerce for Economic Affairs

Dr. Anthony Townsend
Research Director | Institute for the Future

Mr. Jeff Vogt
Global Economic Policy Specialist | American Federation of Labor & Congress of Industrial Organizations (AFL-CIO)

 


About the Global Innovation Forum
The Global Innovation Forum is a project of the National Foreign Trade Council to create a greater understanding of the innovation ecosystem – the creation, trade and employment of innovation – and the foundations upon which this system is built to enable effective solutions to global challenges and improve the lives of workers, families and communities around the world.

The Global Innovation Forum was created in January 2009 and is a project of the National Foreign Trade Council. The National Foreign Trade Council is the premier business organization advocating for an open, rules-based world economy. Founded in 1914 by a group of American companies that supported an open world trading system, the NFTC and its affiliates now serve more than 300 member companies through offices in Washington and New York.

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.

NFTC’s Global Innovation Forum & Howard University’s ELI Institute Host

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“Securing America’s Future: Innovation Jobs for the Middle Class”

Keynote Address Delivered by Ambassador Ron Kirk

Washington DC – Howard University’s Institute for Entrepreneurship, Leadership and Innovation (ELI Institute) and the National Foreign Trade Council’s (NFTC) Global Innovation Forum today hosted an event, “Securing America’s Future: Innovation Jobs for the Middle Class” on the campus of Howard University in Washington, DC.

The event featured a diverse audience including students and entrepreneurs, representatives from small and large companies, nonprofit organizations, venture capital firms and labor organizations to discuss the relationship between the rules-based global economy and local job creation for middle class Americans.

U.S. Trade Representative Ron Kirk delivered keynote remarks and stressed the important relationship between global trade rules and job creation.

“We must work to make sure that when American goods, services, and intellectual property arrive in world markets, they benefit from basic safeguards similar to those they enjoy at home. The President and I are confident that given a level playing field, America’s businesses and workers can successfully compete with those anywhere in the world.” Kirk said. “At this time of extraordinary economic uncertainty, the President and I will keep working to empower American businesses to create jobs, expand opportunities for economic growth, and improve the lives of Americans.”

Attendees then participated in breakout sessions led by the NFTC’s Global Innovation Forum. These sessions focused on practical steps to strengthen job creation and retention by optimizing product innovation systems, taking innovation from basic research to commercial products, and the important role of governments, universities and the private sector in developing thriving local innovation communities in a competitive global economy.

“This event was an extraordinary opportunity to learn, discuss and develop new ideas with U.S. Trade Representative Ron Kirk and his staff about what American workers need to be successful as they continue to lead globally as innovators,” said John Stubbs, Executive Director of the Global Innovation Forum. “We look forward to continuing to work with the USTR and the Obama Administration to facilitate an ongoing dialogue on issues affecting the creation, trade and employment of innovation, the backbone of the U.S. economy.”

“The entrepreneurs and innovation leaders we are training at Howard University are preparing to enter the global economy,” said Johnetta Hardy, Executive Director of Howard University’s ELI Institute. “The success of our future leaders will depend on the predictability and enforceability of international trade rules such as intellectual property rights protection to attract investment, grow businesses, create jobs and develop critical breakthrough technologies and solutions.”

About ELI Institute and Global Innovation Forum

Howard University’s ELI Institute seeks to transform the way entrepreneurship is taught and experienced so that any student, regardless of their field of study, has the opportunity to participate. The Institute provides an environment that supports entrepreneurial activities and initiatives that create jobs and fuel economic growth in minority communities.

The Global Innovation Forum was launched in January 2009 as a new project of the National Foreign Trade Council, an organization founded in 1914 and representing some 300 companies employing millions of Americans across a wide range of innovation sectors. The Global Innovation Forum aims to create a greater understanding of the innovation ecosystem – the creation, trade and employment of innovation – and the foundations upon which this system is built to enable effective solutions to global challenges and improve the lives of workers, families and communities around the world.

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.

NFTC Urges President Obama to Work With Congress to Resolve Mexican Trucking Dispute

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Washington DC – The National Foreign Council (NFTC) joined other leading associations in sending to President Obama a letter, urging him work with Congress to swiftly resolve the Mexican trucking dispute. NFTC Vice President for Regional Trade Initiatives Chuck Dittrich issued the following statement:

“With each day that goes by, the stakes are rising, and U.S. exporters and the workers who produce some 90 U.S. products are facing an increased tax on the goods they ship to Mexico.

“Resolving this issue as soon as possible is in both our economic and diplomatic interests. A prompt resolution will help to restore trust between the United States and Mexico with regard to honoring our trade commitments under NAFTA, and will to bring an end to the retaliatory tariffs put in place by the Mexican Government.

“As the President prepares for the Summit of the Americas in a couple of weeks, it will be critical for him to lead by example and demonstrate to our trading partners that the United States lives by its word. He will have an important opportunity to relate to other leaders in the Western Hemisphere the United States’ commitment to expanding global trade and investment ties.”

To read the letter, click here.

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.
 

NFTC Commends Senate Majority Leader for Statement in Support of G-20 Communiqué

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Washington DC – The National Foreign Trade Council (NFTC) today commended Senate Majority Leader Harry Reid for his statement regarding the communiqué released today during the G-20 London Summit. NFTC President Bill Reinsch released the following statement.

“We welcome Senator Reid’s support of the principles outlined in the G-20’s communiqué. During this time of crisis, it is critically important for the United States to speak with one voice in support of policies that will help not only America, but the world, to recover from this unprecedented strain on the global economy.

“The United States has an opportunity to set an example for other nations. Congress and the Administration can do this by working together to reject policy proposals that signal a turn inward and away from international engagement, like some recent legislation has contain. This statement, coming from the Senate Majority Leader, tells the world that both branches of our government are prepared to work together to keep markets open and promote economic growth globally.

“Our ability to rebound, grow our economy and create jobs, is inextricably linked to the health of the international community and the policies all nations pursue to help open markets and create new channels for trade and investment.”
 

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.

NFTC Urges President Obama to Express U.S. Commitment to Trade and Investment at G20 Summit

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Washington, DC The National Foreign Trade Council (NFTC) today joined seven other prominent business associations in calling on President Obama to express to world leaders at the G20 Summit in London the United States’ commitment to international engagement in the global economy. NFTC President Bill Reinsch released the following statement:

“The President has a major opportunity this week to send a very clear message to the G20 that the United States is committed to an open, rules-based trading system and policies that promote the flow of commerce, investment and economic growth worldwide.

“The eyes of the world are on the United States, and the signals we send with regard to trade and investment have a ripple effect around the globe.

“Particularly in this time of economic crisis, it is critical for the United States to exert leadership on the world stage by encouraging all nations to reject protectionism and measures that would further restrict the free flow of capital and investment, and in turn, stifle economic growth.

“U.S. and global economic recovery are intertwined, and we urge the President to seize this moment to set an example for the rest of the world.”

To read the letter to President Obama, please click here.


About the NFTC

Advancing Global Commerce for Over 90 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 Endorse Legislation to Permit Travel to Cuba

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Washington DC – In light of the March 31 press conference by Senators Dorgan and Enzi in support of S. 428, The Freedom to Travel to Cuba Act, NFTC Vice President for Global Affairs Jake Colvin released the following statement on congressional efforts to restore regular travel by U.S. citizens to Cuba.

“Americans are extraordinary ambassadors to the world. It’s time to fix this bizarre imbalance in U.S. policy which permits Americans to travel to countries like Iran and North Korea but prohibits them from hopping on a plane to Cuba.

“Sanctions eliminate the positive impact Americans have on the world through everyday activities and interaction with local people. Allowing travel to Cuba would benefit the Cuban people in more ways than one. More travelers to Cuba would mean more money in the hands of ordinary Cubans, while more interactions between the Cuban and American people would promote understanding, respect and shared values.

“From a business perspective, restoring travel to Cuba would benefit the U.S. travel industry immediately and has the potential to boost demand for certain American-made consumer products which are permitted by law to be exported to Cuba under the 2000 Trade Sanctions Reform Act. Changing course on U.S. Cuba policy would also be a shot in the arm for the U.S. image in the world, particularly in Latin America.

“NFTC applauds the leadership of Senators Dorgan, Enzi, Dodd, Lugar and Baucus on reforming U.S. Cuba policy. We urge the Obama Administration to support congressional efforts to restore the ability of U.S. citizens to travel to Cuba, and hope the President will implement measures administratively to roll back restrictions imposed by the Bush Administration.”

About the NFTC

Advancing Global Commerce for Over 90 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.

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.
 

U.S. Business Community and NGO Leaders Unite to Urge the President and Congress to Take Action on Trade & Investment Agenda

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Call on Policymakers to Work With Our International Partners to Spur Global Economic Growth and Development

Washington, DC – The National Foreign Trade Council (NFTC) today joined a unique combination of individuals from prominent U.S. business community and non-governmental organizations in urging the Administration and Congress to enact policies that promote global economic growth and increase international trade and investment flows. In a letter sent today to President Obama and House and Senate leaders, a broad cross section of organizations, representing the business, faith-based and development communities, argued that at this time of economic crisis, trade and investment policies are critical to aiding developing countries and alleviating poverty.

In addition to the NFTC, the letter was signed by leaders of 16 organizations, including Business Roundtable, the Center for Global Development, the Emergency Committee for American Trade, the ONE Campaign, Oxfam America and the United States Council of Catholic Bishops, among others. The letter stated, “It is highly unusual for the development, faith-based, and business communities to write a joint letter to the Administration and Congress, but there are aspects of the current global financial crisis that warrant such common efforts.”

“During this difficult period for economies around the world, it is necessary to recognize that the economic welfare of Americans is inextricably linked with the well-being of men, women, and children across the globe,” the letter stated. “It is essential, therefore, that the United States reject those policies that will worsen the impact of the current economic crisis on global economic growth and development, particularly with respect to poor nations, and work instead, alongside the people of these nations to further their own sustainable development. By doing so, we ultimately secure our own economic future.”

Citing three recent reports from the International Monetary Fund, World Bank, and World Trade Organization, the organizations pointed to evidence of the impact of the global economic crisis on developing countries and the need for swift, purposeful action. The letter noted that countries in Africa are at risk of sliding further into poverty, as are other nations in the developing world. The letter also highlighted a World Bank statistic, which shows that each one percent drop in global economic growth could trap another 20 million people in poverty.

“Our organizations have come together under one umbrella to send a clear message to the President and to Congress that taking action on U.S. trade and investment policies will not only help to stimulate the U.S. economy and help us here at home, but will also help to improve the economic well-being of people around the world,” said NFTC President Bill Reinsch. “Sound international trade and investment policies are part of the solution to the crisis we are all facing.”

The letter outlined four key steps the Administration and Congress should take to promote global economic growth, encourage poverty alleviation, increase political stability, and promote openness. The organizations called on policymakers to affirm and  “work vigorously” toward a successful conclusion of the Doha Round; reaffirm at the London Summit in April the G-20 commitment to rejecting protectionism; review and reform U.S. trade preference programs to ensure their efficacy; and reinforce the U.S. commitment to increase development assistance.

The letter concluded, “It is important to remember that at the heart of the global financial system are working families and local communities whose fate is bound together in a globalized economy. Our nation is undergoing severe distress in terms of jobs, businesses and investment that is taking a daily toll on people. Such problems should motivate us to seek solutions that reject destructive protectionism on the one hand and global indifference to the plight of the poor on the other.”

To read the full letter, click here:   www.nftc.org/default/Trade Policy/Trade_Policy/Global Trade and Development Joint Ltr.pdf

About the NFTC

Advancing Global Commerce for Over 90 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 Urges Congress to Abide by NAFTA Commitments and Restore U.S.-Mexico Cross Border Trucking

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Says Reneging on International Commitments Will Only Lead to More Retaliation

Washington, DC – Following Mexico’s announcement that it will increase tariffs on some U.S. products in response to the United States reneging on its commitments under the North American Free Trade Agreement (NAFTA) to maintain the Cross Border Trucking Pilot Program, the National Foreign Trade Council (NFTC) today urged Congress to take the necessary steps to abide by our international commitments.

“At a time when the U.S. economy is in limbo and our exports are essential to maximizing our recovery and growth, it is critical for Congress and the Administration to act in accordance with our international commitments under NAFTA,” said NFTC President Bill Reinsch. “By failing to honor the agreement, the United States is putting at risk economic and diplomatic relations with one of our largest trading partners and a key ally in the region. Backtracking on our promises provokes retaliation, as is evidenced by Mexico’s announcement.”

In December 2008, the NFTC and more than 60 other trade associations and individual companies warned in a letter to Members of Congress that halting the program would likely lead Mexico to retaliate, and could cost the United States as much as $2 billion per year. They argued that the U.S. industries vulnerable to Mexican retaliation include agriculture, consumer electronics, and textiles.

“Mexico is a critically important export market for U.S. businesses and manufacturers, and increased tariffs on U.S. products make our companies and the goods they produce less competitive,” said Chuck Dittrich, NFTC Vice President for Regional Trade Initiatives. “If we hope to grow our economy and create jobs, the United States cannot afford to take actions that provide ammunition for our trading partners to retaliate, and in turn restrict our competitiveness.”

“We call on Congress to take the appropriate actions to honor our commitments under NAFTA, and work with the Administration to swiftly resolve this dispute,” Reinsch concluded.

About the NFTC

Advancing Global Commerce for Over 90 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 Hails Important Changes on Cuba Policy in Omnibus

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Washington, DC – NFTC Vice President for Global Trade Policy Jake Colvin released the statement below on the Cuba provisions contained in the FY2009 omnibus spending bill, which passed the Senate and House and which is expected to be signed by President Obama. Below the statement, you will find a summary of the Cuba-related provisions in the omnibus:

“The changes to Cuba policy contained in the omnibus appropriations bill are small but important. By including these measures in the bill, Congress demonstrated its willingness to ease provisions of the embargo on Cuba for the first time in eight years. By its action, Congress has opened the door to further policy change on Cuba and has charted a course for such changes.”

Cuba provisions in the FY2009 omnibus appropriations bill
Prepared by USA*Engage, www.usaengage.org

The omnibus appropriations bill contains language that would amend the Trade Sanctions Reform Act to authorize travel for commercial sales under a general license, and defund enforcement of 1) the 2005 Bush administration changes to the rules governing “cash in advance” payments and 2) travel to visit family members.

http://www.rules.house.gov/111/LegText/omni/text/divdtext_111_hromni2009_jes.pdf at Page 109:

SEC. 620. Section 910(a) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7209(a)) is amended to read as follows:

“(a) AUTHORIZATION OF TRAVEL RELATING TO COMMERCIAL SALES OF AGRICULTURAL AND MEDICAL GOODS.-The Secretary of the Treasury shall promulgate regulations under which the travel-related transactions listed in paragraph (c) of section 515.560 of title 31, Code of Federal Regulations, are authorized by general license for travel to, from, or within Cuba for the marketing and sale of agricultural and medical goods pursuant to the provisions of this title.”

Explanation: Current law permits specific licenses to be issued for “certain export transactions.” The omnibus provision makes explicit the ability to travel to Cuba for “marketing and sale” and allows travel under a general license, by which travelers self-determine their eligibility and may travel to Cuba without seeking individual authorization rather than under a “specific license” which requires an individual to apply for approval from the U.S. Department of Treasury.

SEC. 621. None of the funds made available in this Act may be used to administer, implement, or enforce the amendments made to section 515.560 and section 515.561 of title 31, Code of Federal Regulations, related to travel to visit relatives in Cuba, that were published in the Federal Register on June 16, 2004.

Explanation: This provision does not change current law. It “de-funds,” or prohibits, the U.S. Government from enforcing current law with respect to the above-referenced provision until the spending bill expires. The policy it seeks to address involves changes made by the Bush administration to restrict the ability of Cuban Americans to visit family members in Cuba. The rules published on June 16, 2004 narrowed the definition of family, limited visits to 14 days once every three years, removed the exception to the regulations that allowed additional visits for humanitarian reasons, and require Cuban Americans to apply for a specific license for each visit to Cuba rather than traveling under a general license as was the case prior to June 2004.

SEC. 622. None of the funds made available in this Act may be used to administer, implement, or enforce the amendment made to section 515.533 of title 31, Code of Federal Regulations, that was published in the Federal Register on February 25, 2005.

Explanation: This provision does not change current law. It “de-funds,” or prohibits, the U.S. Government from enforcing current law with respect to the above-referenced provision until the spending bill expires. The policy it seeks to address involves terms of payment governing shipments of U.S. exports to Cuba. The February 25, 2005 amendment altered the terms of “payment of cash in advance.” The current definition “means that payment is received by the seller or the seller’s agent prior to shipment of the goods from the port at which they are loaded.” Prior policy allowed payment before delivering goods to the Cuban purchaser, but after shipment.

About the NFTC

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.