December 2003 - January 2004   VOLUME XXIV ISSUE 10  
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CONTENTS
$16 Trillion in Worldwide Energy Investment Needed by 2030, IEA Chief Says
Governments Urged to Strive for an Ambitious FTAA Agreement
U.S. Lowers Protections for Overseas Investors
Reorganization Planned for Labor and Employment Committee
Key Export Indicator Hits an All-Time High
Two Groups in Bid to Stabilize Iraq’s Business Climate
U.S. Set to Sign UN Corruption Convention
Information Security Assurance for Executives
OECD Workshop on Harmonization of Regulatory Oversight
Exposing the Risks of International Trade Fraud
Meeting With EU Employment Commissioner
Global Economic Recovery Under Way, Says ICC Business Poll
Business Can Help Fight Terror
Conference Focuses on OECD’s Tax Work
Bangladesh Conference on Challenges of Multilateralism
Reorganization Planned for Labor and Employment Committee

At the Labor and Employment Policy Committee (LEPC) meeting in November, members decided to adopt a new structure and action plan for the committee.  The new mission of LEPC is to pursue a proactive and coordinated strategy to positively influence international human resources and social policy.  It will also support labor market flexibility and best practices in an open system of world trade.

The revised structure of the committee will consist of a steering group, whose main roles will be to monitor progress on action items, review overall priorities for the committee, and serve as a cross-sectoral rapid reaction team, and four Working Groups– Worker Rights and Trade, International Business Integration, Foreign and International Law, and International Labor Organization.  These groups will be the LEPC’s centers of expertise, and membership will be open to any interested LEPC member.

Another main focus of the meeting was improving trade with Central America. Bud Clatanoff (USTR) updated the committee on the present state of negotiations of the Central American Free Trade Agreement (CAFTA), and delineated a three-part approach to improving respect for worker rights and working conditions in Central America. He said that efforts are being made to get governments to commit to labor legislation and enforcement. 

Tamsin Randlett (Gap, Inc.) showed strong support for the passage of CAFTA and introduced a related project, “Export Success in Central America,” to the committee. This program aims to take a pro-active approach to capacity-building in Central American countries by the private sector through the formation of a multi-industry alliance, Business Coalition for Capacity Building.
 
Other topics discussed at the committee meeting include the new and emerging international occupational safety and health (OSH) issues.  Michael Taubitz (General Motors) stressed the importance of staying up to date on European and ILO developments, and to use business organizations and coalitions to engage strategies early enough to influence the agenda.

For more information on USCIB’s labor and employment work: Click Here.


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Meeting With EU Employment Commissioner

Meeting With EU Employment Commissioner – On November 21, Anna Diamantopoulou, the European Union’s Commissioner for Employment and Social Affairs, met with USCIB members led by Labor and Employment Policy Committee Chair Stefan Gorkin (Colgate-Palmolive) and USCIB President Thomas Niles. During the meeting, Commissioner Diamantopoulou addressed the Commission’s decision to issue a white paper on corporate social responsibility in 2004, revision of the European Works Council Directive, the proposed directive on data protection in the workplace and a similar proposal on equal treatment between men and women outside the workplace. USCIB members may obtain a summary of the meeting from Debbie Siu (212-703-5062 or dsiu@uscib.org).


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Published by USCIB Communications
Copyright © 2003 USCIB . All rights reserved.
This newsletter is intended for informational use only and should not be construed as an authoritative statement of USCIB views or policy.
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