GLOBAL REGULATORY COOPERATION PROJECT

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GLOBAL REGULATORY COOPERATIONPROJECT
U.S. Chamber of Commerce
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The Problem

• The future of international commerce is no longer
  about classic market access issues like tariffs
  and quotas. The debate will center around
  divergent regulations and other In-Country
  Barriers (ICBs).

U.S. Chamber of Commerce
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The Problem

• Governments around the world lack
• the appropriate focus,
• adequate structure and resources
• as well as the necessary authority
• to address todays global regulatory concerns.

U.S. Chamber of Commerce
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The Result

• Companies face excessive, unnecessary,
  competing, and often protectionist regulatory
  frameworks in markets around the world.
• Companies are forced to develop expensive
• work-arounds or abandon markets all together
• Consumers face higher prices and fewer choices

U.S. Chamber of Commerce
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Examples ICBs

• Differing standards
• Prohibitive financial and investment regulations
• Multiple interpretations and misuse of national
  competition laws that manipulate markets and
  threaten IP
• Patchwork of Intellectual Property Laws
• Discriminatory practices of state owned
  enterprises and subsidies
• Protectionist government procurement policies

U.S. Chamber of Commerce
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The Solution

• Educate, persuade, and motivate governments
  around the world to make the elimination of ICBs
  a top priority for global commerce.
• Explain the benefits gained from addressing ICBs
  in the 21st century, the way the global economy
  benefited from tariff reductions in the last
  century.
• Use the Chamber brand, credibility, and reach to
  change the focus of trade policy from tariffs to
  the growing problem of ICBs.

U.S. Chamber of Commerce
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The Plan

• Raise the profile of the issue
• The U.S. Government and governments around the
  world need to understand the critical problem
  these regulatory issues create. The project will
  raise awareness with governments around the
  world.
• Educate policymakers
• The project will explain to elected leaders the
  benefits to proactively addressing regulatory and
  protectionist barriers around the world and what
  is at stake if divergence in these areas is left
  unchecked.
• Prioritize ICBs at home and abroad
• The barriers that serve the greatest detriment
  to consumers, trade, and the global economy, must
  be prioritized in order to focus the U.S.
  government. The project will prioritize these
  barriers and present them to governments around
  the world so that strategies can be developed to
  combat them. Initially, the project will focus on
  Europe and China.

U.S. Chamber of Commerce
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The Plan (contd)

• Create a high-level inter-agency framework
• The U.S. Government needs to have coordinated and
  centralized approach to develop a strategy and
  exert leadership toward building a cooperative
  commercial regulatory framework across the globe.
  
• Prevent future divergence
• The project seeks to develop an early warning
  system that enables industry to work with
  governments to cooperatively address new and
  emerging ICBs to prevent or limit future
  divergence as new products and technologies enter
  the global marketplace.
• Address the need for new public policy tools
• Current trade agreements lack the appropriate
  authority to effectively address many of these
  issues. The project seeks to inventory all the
  existing trade policy tools, and make suggestions
  for the development of new tools that better
  address ICBs.

U.S. Chamber of Commerce
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Your Role

• Join the Global Regulatory Cooperation Project.
• Help the project prioritize ICBs to focus the
  attention of world governments.
• Enhance your ability to combat divergent
  regulations.
• Provide financial support and recruit other
  supporters.

U.S. Chamber of Commerce