NFTC Welcomes G-8 Agreement on Climate Change, Urges World Leaders to Develop a Multilateral Strategy Including China and India

Washington, DC – National Foreign Trade Council (NFTC) President Bill Reinsch today released the following statement in response to an agreement reached by leaders of the Group of Eight (G-8) industrialized nations to take action on climate change by reducing greenhouse gas emissions:

“We applaud the efforts of G-8 leaders to tackle the important issue of climate change and the recognition that the issue is a global problem in need of global solutions. 

“While we are encouraged by world leaders’ overarching commitment to reducing greenhouse gas emissions, the devil is in the details, and the international community must give serious thought to a multilateral system that includes major developing countries like China and India which reduces emissions without undermining the international trading system.”

In December, the NFTC released a paper on climate change, titled “WTO – Compatibility of Four Categories of U.S. Climate Change Policy.” Please click here for a copy.

 
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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.
 

USA*Engage Applauds U.S. Response to North Korea

Washington, DC – In response to this morning’s announcement by President Bush that the United States would remove North Korea from its list of state sponsors of terrorism and remove sanctions under the Trading with the Enemy Act, USA*Engage director Jake Colvin issued the following statement:

“We are pleased to see progress by North Korea in disclosing its nuclear facilities and the rapid response by the Bush Administration.  It is important to remember that this deal is the result of sustained, direct, multilateral diplomacy by the United States with North Korea and other concerned parties. Dialogue is not a magic bullet, but today’s actions by Pyongyang and Washington demonstrate that negotiations and patience can bear fruit.”

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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.

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.

USA*Engage Honors Sen. Hagel and Rep. Blumenauer for Championing U.S. Diplomacy, Global Engagement

Washington, DC – USA*Engage and the National Foreign Trade Council (NFTC) today hosted a luncheon to honor Senator Chuck Hagel (R-NE) and Representative Earl Blumenauer (D-OR) for their leadership on issues relating to U.S. diplomacy and global engagement. During the USA*Engage 11th annual lunch, which was held in the Dirsken Senate Office Building on Capitol Hill,  both Sen. Hagel and Rep. Blumenauer delivered remarks focused on the importance of the United States maintaining an open dialogue with the rest of the world and resisting the temptation to turn inwards now and in the future.

In his remarks during the event, Sen. Hagel discussed the critical link between U.S. diplomatic efforts and the United States continuing to open markets abroad to U.S. goods and services exports. “Trade is not just an exchange of goods and merchandise. Trade is the only bridge into other nation’s culture and society. It is the one bridge that gets across the great chasm of differences; it is the one relevant and realistic option for countries to continue to grow and improve,” said Hagel. “We can fall prey to the narrowness of politics, but trade will overcome it. I believe free trade will be sustained.”

Sen. Hagel was honored for his strong support of U.S. global engagement and free trade and for being a consistent champion of diplomacy.  In a 2007 letter, Sen. Hagel called on President Bush to “offer direct, unconditional and comprehensive talks on Iran.”  In addition,  Senator Hagel has also cosponsored efforts to reform the way in which U.S. sanctions are administered.

Representative Blumenauer focused his remarks on the need for multilateral cooperation on a range of issues – from environmental protection and global poverty to international trade. “Fighting global poverty must be one of our country’s top priorities. We have a responsibility to help developing nations, yet we continue to fall disturbingly short. America invests less than two-tenths of one percent of our gross national product in ending global poverty,” said Blumenauer. “I truly believe that trade should be used to help lift people out of poverty. We must provide effective food aid to nations that need it, particularly now as the cost of food skyrockets. Sending food overseas can take months and undercuts local food markets, which is why we must streamline our delivery mechanisms.”

USA*Engage and the NFTC honored Rep. Blumenauer for his commitment to a U.S. diplomacy, including his votes against new unilateral U.S. sanctions efforts against Cuba and Iran. Rep. Blumenauer  has sought to promote humanitarian engagement abroad, and as a new member of the House Ways and Means Committee, he has been a strong supporter of a bipartisan trade policy.

Since its inception, USA*Engage has maintained a commitment to advocating for U.S. diplomatic engagement and dialogue as means of addressing important political, social and economic concerns facing the global community.  USA*Engage also remains a strong proponent of trade and citizen diplomacy, and consistently opposes U.S. unilateral sanctions.

“Senator Hagel and Congressman Blumenauer each take a thoughtful and nuanced approach to U.S. foreign policy and are champions of international engagement,” said Jake Colvin, Director of USA*Engage. “Their commitment to ensuring that the United States remains a respected diplomatic leader in the world is one reason we honor their public service today.”

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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.

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 U.S.-China Bilateral Investment Treaty Negotiations

Council Emphasizes Need for ‘Strong, Well-Crafted’ Agreement

Washington, DC – The National Foreign Trade Council (NFTC) today welcomed news that the United States and China have agreed to enter negotiations on a bilateral investment treaty (BIT). The NFTC also encouraged negotiators to develop a strong, well-crafted agreement that will provide mutual benefits and protections to the U.S. and Chinese business communities and investors. NFTC President Bill Reinsch released the following statement:

“We commend the U.S. and Chinese governments for working diligently to reach an agreement on plans to negotiate an investment treaty, and view this development as an important step forward in U.S.-China economic relations.

“At the same time, we urge the negotiators to develop a solid agreement that could represent the ‘gold standard’ in bilateral investment treaties, versus a deal that would be less ambitious and not afford the protections and assurances that will be sought by U.S. investors.”

According to the Office of the U.S. Trade Representative, in general BIT agreements are designed to: protect U.S. investment abroad in those countries where U.S. investors’ interests are not sufficiently protected through existing agreements such as U.S. treaties of Friendship, Commerce and Navigation; encourage countries to adopt market-oriented domestic policies that treat private investment in an open, unbiased and transparent manner; and support the development of international law standards consistent with these objectives.

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NFTC Statement on Senate Finance Committee Approval of Iran Sanctions Bill

Washington, DC – National Foreign Trade Council (NFTC) President and USA*Engage Co-Chair Bill Reinsch today released the following statement in response to the Senate Finance Committee’s approval of the Iran Sanctions Act of 2008.

“While the Iran bill passed in committee today is an improvement over previous iterations, it still raises a number of concerns with regard to U.S. foreign relations and diplomacy.

“Of particular concern is a provision which would prevent the United States from entering into the U.S.-Russia Nuclear Cooperation Agreement. The Bush administration’s decision to negotiate a Section 123 Agreement with Russia was reached based on the fact that Russia has already taken important steps to prevent Iranian nuclear proliferation.

“We believe that the United States must certainly seek greater Russian cooperation on Iran, but this bill is exactly the wrong way to achieve that cooperation. The bill is more likely to undermine U.S. multilateral efforts to stop Iran from developing nuclear weapons for which Russia’s cooperation is indispensable. Jamming a finger in Russia’s eye is only likely to weaken its willingness to cooperate with the United States. We applaud Senator Bingaman’s efforts to protect this agreement.

“While Iran’s behavior is unacceptable, Congress must balance the need to stand strong against the risk of doing something counterproductive like this bill.

“We thank Senators Baucus and Grassley and their staffs for their hard work and leadership in attempting to limit the impact of this legislation on the president’s ability to conduct foreign policy.”

As Reinsch noted during his April 8 testimony on S.970, a similar bill before the Senate Finance Committee, a better approach would be to fund a high-level special envoy for Iran with the authority to engage in direct bilateral talks in partnership with the international community. As he noted then, “The United States has made some progress negotiating an end to North Korea’s nuclear weapons program through direct diplomatic engagement. When it comes to Iran, there is already a framework for cooperation – security talks in Baghdad – and precedent – the United States and Iran cooperated in the past to support democratic governance in Afghanistan.”

Reinsch cautioned at the time, “I will guarantee you that if S. 970 is enacted it will have serious unintended consequences which will be manifested rather quickly, and which would make our efforts to change Iran’s behavior significantly more difficult. I strongly urge the Committee to reject this approach and instead to endorse diplomatic efforts with our allies and with Iran that are much more likely to result in a positive outcome.”

This week the NFTC will lead a press roundtable to discuss S.970 and the Section 123 Agreement. For more information, please use the contact information listed above.

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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.

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 Calls for Continued Efforts Towards a Barrier-Free Transatlantic Marketplace

Washington, DC – The National Foreign Trade Council today released the following statement in support of the mission and work of the Transatlantic Business Dialogue (TABD), which met today in conjunction with the U.S.-EU Summit in Ljubljana, Slovenia. The overarching goal of the TABD, which consists of the CEOs of American and European businesses, is to establish a Barrier-Free Transatlantic Market with the freest possible exchange of goods, services, people, capital and ideas.  The NFTC is an official observer to the TABD and its Senior Vice President, Cathie Bennett, attended the meeting.

The TABD is one of the formal advisors to the Transatlantic Economic Council (TEC) established by the U.S.-EU Summit in 2007 to provide political leadership and guidance in support of transatlantic economic integration. The TEC is co-chaired by Dan Price, Assistant to the President for International Economic Affairs and Gunter Verheugen, Vice president and Commissioner for Industry and Enterprise. Both officials attended today’s meeting along with U.S. Trade Representative Susan Schwab.

“The TABD and TEC processes offer an important opportunity to resolve difficult market access barriers on both sides of the Atlantic. This is especially true in the regulatory arena where the U.S. and EU often take different approaches to regulatory policies,” said Bennett. “Provided regulatory action is based upon sound scientific evidence, different does not necessarily mean one or the other is wrong.  It means that governments need to recognize these differences, find ways to make them least restrictive and ensure they do not become protectionist barriers to trade and market access.”

During the meeting, the TABD urged that the TEC focus on four key issue areas of interest and concern to the U.S. and EU business communities: investment and capital market integration, intellectual property protection, secure movement of people and goods, and energy innovation and efficiency. It also argued strongly for mechanisms to ensure that the TEC process to eliminate market barriers continue through the coming transitions in leadership in both the United States and the European Union.

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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.