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
OECD Workshop on Harmonization of Regulatory Oversight

USCIB played a lead role in putting together a business delegation to the OECD’s October workshop in Washington on harmonization of regulatory oversight of biotechnology.  Hosted by the United States, Canada and Mexico, the meeting brought together participants from OECD member countries, non-member countries and BIAC’s membership.

A main goal of the workshop was to discuss new approaches in the OECD’s development of Consensus Documents on Plant Biology and Traits.  These documents compile information relevant for risk/safety assessments that is mutually recognized by OECD member countries.  The second goal was to identify future priorities for the OECD’s Working Group on Harmonization of Regulatory Oversight in Biotechnology – especially environmental risk assessment and the next generation of biotechnology-derived organisms.

Established in 1995, the working group aims to promote regulatory harmonization by ensuring the data and methods used to conduct risk/safety assessments of transgenic crops are as similar as possible among OECD member countres.

This work enables countries to share the burden of data collection and thus improve efficiency in conducting risk assessments.  Harmonization can also lead to countries accepting information from other’s assessments which can reduce unnecessary barriers to trade.

The October workshop’s steering committee will meet to draft policy recommendations.  USCIB is represented on the steering committee by Blake Biles (Arnold & Porter) and Janet Collins (Monsanto).

The workshop’s outcomes were to be discussed at meeting of the OECD Working Group in late November.  Final decisions on a future work program are expected to be made at the group’s June 2004 meeting in Paris.

More on USCIB’s activities on biotechnology policy: Click Here. 


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Conference Focuses on OECD’s Tax Work

USCIB and the National Foreign Trade Council organized an all-day conference in Washington on November 5 to examine the OECD’s growing role in international taxation policies, and how business can make its views known to the 30-nation organization. The event brought together high-level officials from the U.S. government and the OECD's Center for Tax Policy and Administration to discuss tax issues arising from the evolution of the digital economy, the clarification of the “permanent establishment” concept, transfer pricing and the OECD’s model tax convention. Speakers included Michael H. Jordan, CEO of EDS, OECD Deputy Secretary General Richard Hecklinger, Under Secretary of Commerce Philip J. Bond and Richard M. Hammer, USCIB’s international tax counsel.


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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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