Category: Press Releases and Statements

NFTC: New Windsor Framework Should Clear Path to U.S.-UK Trade Agreement

Posted on by Veronica Berkshire

WASHINGTON DC -In response to the announcement that the United Kingdom and European Union had struck a deal to change the Northern Ireland Protocol via a new Windsor Framework, National Foreign Trade Council (NFTC) President Jake Colvin released the following statement:

“The friction over trade with Northern Ireland has been a stumbling block to a U.S-UK Free Trade Agreement. If the Windsor Framework can break the impasse over trade with Northern Ireland, the Biden Administration ought to move quickly to discuss a comprehensive trade deal with the UK, which would enjoy significant bipartisan support in Congress. Resolving this deadlock would unlock a real opportunity for the Biden Administration to demonstrate its commitment to advancing opportunities for America’s workers, businesses and farmers and creating stronger economic ties with a crucial ally.”

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

At Hearing, NFTC Urges Congress to Work with Private Sector to Modernize Supply Chains

Posted on by Veronica Berkshire

WASHINGTON D.C. – National Foreign Trade Council (NFTC) Senior Director for International Supply Chain Policy John Pickel today testified at a Senate Finance Committee Hearing on trade laws and supply chains.

During the hearing, John highlighted the importance of joint collaboration between the private sector and government to promote efficient, stable and compliant supply chains. His testimony included private sector recommendations to improve cooperation and ensure continued innovation in the following areas:

  • Customs modernization;
  • Trade facilitation;
  • Partnership programs; and
  • Forced labor.

“The business community is the government’s best ally in ensuring that our supply chains are safe and resilient, that we are better prepared to face future global shocks, and that customs policies facilitate the success of American companies,” said Pickel. “A recent report found that reducing administrative burdens could save the U.S. $88 billion and could create just under 1 million jobs nationwide. That is where we need to focus.”

The hearing, titled ‘Ending Trade that Cheats American Workers By Modernizing Trade Laws and Enforcement, Fighting Forced Labor, Eliminating Counterfeits, and Leveling the Playing Field,’ also included testimony from Cindy Allen, Vice President For Regulatory Affairs And Compliance, FedEx Logistics; Andy Meserve, Local Union President 9423, United Steelworkers; Scott Nova,Executive Director, Worker Rights Consortium; and Brenda Smith, Global Director, Government Outreach, Expeditors International of Washington, Inc.

A full copy of the statement can be found here. A live stream and recording of the hearing is available here.

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

Jeannette Chu Joins NFTC to Launch New Effort on National Security Policy and Global Competitiveness

Posted on by Veronica Berkshire

Washington D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today announced that Jeannette Chu has joined the NFTC as Vice President for National Security Policy.

Ms. Chu will head a new effort under the NFTC on national security and global competitiveness, serving as NFTC’s lead strategist, expert and advocate on policies surrounding export controls, sanctions, investment screening, critical infrastructure and ICT supply chains.

Most recently, Ms. Chu was Senior Managing Director and head of the Export Controls and Trade Sanctions team at PricewaterhouseCoopers (PwC). She has also served as Senior Policy Advisor at the Bureau of Industry and Security (BIS) in the U.S. Department of Commerce and as the Senior Export Control Attaché at the U.S. Embassy in Beijing among other roles.

“As national security considerations increasingly influence the trade policy landscape, Jeannette is uniquely positioned to develop and lead a forward-looking strategy for business community engagement in the United States and abroad on key export controls and sanctions policies,” said Colvin.

“She will be an invaluable resource for NFTC and our member companies as we promote best practices and engage governments to inform the conduct of national security-related trade policies and controls,” he added.

Jeannette’s full bio can be found below.

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Jeannette L. Chu
Vice President, National Security Policy

Jeannette L. Chu is Vice President for National Security Policy at the National Foreign Trade Council, the leading business association dedicated to advancing the interests of U.S. companies in international commerce.

In this role, she leads efforts to advance the interests of U.S. business in safeguarding U.S. national security and promoting global security through export controls, sanctions regimes and policy initiatives.

A recognized subject matter expert and thought leader on export controls and trade sanctions, Jeannette joins NFTC from PricewaterhouseCoopers (PwC), where she served as a Senior Managing Director advising U.S. and multinational companies and co-leading the national security regulatory compliance practice. She will continue to hold a concurrent role as a non-resident senior associate with the Trustee Chair for Chinese Business and Economics at the Center for Strategic and International Affairs (CSIS).

She previously served as a Senior Policy Advisor at the Bureau of Industry and Security (BIS), U.S. Department of Commerce where she worked on export control reform, export licensing and foreign policy matters. She also served at the American Embassy in Beijing and the U.S. Consulate General Guangzhou in several capacities including as the Senior Export Control Attaché for nearly six years, conducting end-use visits to more than 250 locations across China and negotiating a landmark export control cooperation agreement with the Chinese Ministry of Commerce. She was the first Officer-In-Charge of the Immigration & Naturalization Service (INS) in China.

Jeannette received her B.A. in Political Science from American University in Washington, D.C. and is a 2020 graduate of Women in Technology’s Leadership Foundry program on preparing women for corporate board service. She serves on the Executive Board of Ascend Greater Washington and volunteers as a mentor for Ascend’s Corporate Executive Leadership Program, the Women’s Foreign Policy Group and Women in Technology.

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

NFTC Statement on the Appointment of Manal Corwin as OECD Tax Director

Posted on by Veronica Berkshire

WASHINGTON D.C. – National Foreign Trade Council NFTC Vice President for International Tax Policy Anne Gordon released the following statement following the appointment of Manal Corwin as Director of the Organization for Economic Cooperation and Development (OECD) Centre for Tax Policy and Administration:

“NFTC congratulates Manal Corwin on her appointment as Director of the OECD Centre for Tax Policy and Administration. Her extensive public and private sector experience will serve the OECD well at a critical time for global tax policy. We look forward to working with Manal to advance a durable global tax framework that addresses the concerns of Congress and the U.S. business community while creating certainty for both companies and tax administrations.“

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

John Pickel Joins NFTC as Senior Director for International Supply Chain Policy

Posted on by Veronica Berkshire

WASHINGTON DC – National Foreign Trade Council (NFTC) President Jake Colvin today announced that John Pickel has joined the NFTC as Senior Director for International Supply Chain Policy.

Mr. Pickel joins the NFTC from the Department of Homeland Security (DHS) where he served as the Principal Director of Trade and Economic Competitiveness in the Office of Strategy, Policy, and Plans.

Prior to joining DHS, he served in various roles at U.S. Customs and Border Protection (CBP), where he advised CBP executives on trade policy issues and led engagement with senior administration officials, Congress, and others in the trade community to inform the development and implementation of trade priorities.

“John brings a remarkable wealth of expertise and experience in a range of supply chain, trade facilitation and customs issues that are critically important to our member companies,” said Colvin.

“We are thrilled that John is joining our team to kick off the new year, and look forward to his leadership in helping our member companies continue to navigate the supply chain crisis brought on by the COVID-19 pandemic and the changing international landscape,” he added.

John’s full bio can be found below.

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John F. Pickel Jr.
Senior Director, International Supply Chain Policy

John Pickel is Senior Director of International Supply Chain Policy at the National Foreign Trade Council, the leading business association dedicated solely to advancing the interests of U.S. companies in international commerce.

In this role, John sets strategic direction and executes efforts to promote efficient, resilient and stable supply chains. This includes advancing policies related to anticounterfeiting, product safety, environmental sustainability, human and labor rights, and preventing illicit trade. He also promotes the implementation of trade facilitation measures and customs best practices across government agencies and international organizations to increase predictability and enable compliance with U.S. trade laws.

John previously served as the Principal Director of Trade and Economic Competitiveness in the Department of Homeland Security’s (DHS) Office of Strategy, Policy, and Plans (Policy), where he was a primary trade and supply chain policy advisor to agency leadership, served as the DHS representative to various interagency groups and processes, and led implementation of trade-related initiatives across DHS components.

Prior to joining DHS Policy, John served in various roles at U.S. Customs and Border Protection (CBP) over a decade. More recently, he was the Counsellor to the Commissioner for trade facilitation and enforcement matters. In addition to advising CBP executives on trade policy issues, John led engagement with senior administration officials, the trade community, and others to inform the development and implementation of CBP trade priorities. Earlier, John coordinated CBP Congressional Affairs efforts related to trade policy. In this role, he worked closely with Members of Congress and senior staff to shape legislation including the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) and Synthetics Trafficking and Overdose Prevention (STOP) Act.

John has represented companies, nonprofit organizations, and cities before Congress and federal agencies at a government relations firm and worked in a leadership office in the U.S. House of Representatives.

John is a graduate of The George Washington University (B.A., Political Science).

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

U.S.-Croatia Tax Treaty Will Benefit, Protect American Companies and Workers

Posted on by Veronica Berkshire

WASHINGTON DC – National Foreign Trade Council (NFTC) President Jake Colvin today issued the following statement on the signing of the new U.S.-Croatia Tax Treaty:

“Tax treaties improve conditions for bilateral trade and bring certainty to U.S. companies and workers doing business abroad. We commend the United States and Croatia for reaching an agreement and appreciate that the administration continues to work on expanding our country’s tax treaty network.

“We urge the U.S. Senate to take up and ratify this and other pending tax treaties, including the U.S.- Chile Tax Treaty, expeditiously. Delaying ratification only hurts the U.S. economy.”

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

New Global Innovation Forum Report Details How Digital Trade Empowers Small Businesses in the Indo-Pacific

Posted on by Veronica Berkshire

Los Angeles — The National Foreign Trade Council (NFTC) Foundation’s Global Innovation Forum (GIF) today released a new report, “Making Small Businesses Mighty,” sharing insights from Indo-Pacific small businesses about the importance of digital trade and the potential impact of a digital trade agreement in the region.

Released alongside the first in-person Ministerial meeting of the Indo-Pacific Economic Framework (IPEF), the report explores how IPEF can establish a strong foundation to support small business exporters by establishing high-standard digital rules across the region. The report also highlights the biggest barriers currently faced by Indo-Pacific small exporters, from challenges navigating tariffs and customs procedures to regulatory uncertainty, and how IPEF would help alleviate many of them.

“IPEF offers an important opportunity to foster deliverables that support small business growth and resilience in the global marketplace,” said Jamaica Gayle, Executive Director, Global Innovation Forum. “Small businesses from the United States and across the Indo-Pacific see the economic potential of trade in the region, but need high-standard digital trade and trade facilitation commitments to make it easier for them to do business abroad.”

Key findings from the report include:

  • Small business exporters expect to see a 35% increase in export sales.
    The U.S. economic output could increase by $72 billion, as a result of making it easier to access Indo-Pacific markets.
    On average, Indo-Pacific small businesses surveyed would add 22 jobs to accommodate the increase in export sales over the next 3 years.

The conclusions in this report were derived from interviews with a select group of small businesses from across the region as well as a survey of 500 small businesses headquartered in seven Indo-Pacific markets: the United States, Australia, Indonesia, Japan, Singapore, South Korea, and Vietnam.

The full report can be found here: https://globalinnovationforum.com/reports/us-apac-small-business-digital-trade/

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About the Global Innovation Forum (GIF)
The Global Innovation Forum is a non-profit effort to connect small businesses and policymakers to foster an inclusive policy landscape that enables companies of all sizes to innovate, trade, and engage in the global economy. GIF works with a global network of thousands of small businesses, government officials, civil society, and private sector leaders to deliver actionable insights and impactful programs to emphasize how technology and trade policies can advance resilience and inclusive growth.

As an educational project of the 501(c)(3) National Foreign Trade Council Foundation, GIF connects small businesses and policymakers to bridge the gap between big-picture trade policy and the experiences of entrepreneurs, workers, and people.

www.globalinnovationforum.com

Statement from NFTC Chair Susan Schwab following meeting with WTO Director General

Posted on by dcadmin

GENEVA – National Foreign Trade Council (NFTC) Board of Directors Chair Susan Schwab released the following statement following meetings with several NFTC Board Members and World Trade Organization (WTO) Director General Dr. Ngozi Okonjo-Iweala and other officials during the Geneva-based group’s annual Public Forum:

“The conversations in Geneva this week were reminders both of the serious geopolitical challenges we face and the role that trade policy can play in meeting them.

“NFTC is grateful for Dr. Okonjo-Iweala’s leadership at a critical time for the organization.

“Earlier this year, at the Ministerial, her leadership was essential in brokering consensus on key deliverables including the customs duty moratorium on digital trade and protecting fish stocks from harmful subsidies.

“This week at the Public Forum, the WTO demonstrated its central role in fostering conversations around critical business community priorities including strengthening supply chains, ensuring open markets, improving the e-commerce ecosystem, creating opportunities for small- and medium-sized business, and enabling a more inclusive global economy.

“We look forward to contributing to the conversation Dr. Okonjo-Iweala initiated at the Public Forum about new approaches to creating opportunities for greater engagement with the business community.”

During the Public Forum, Ambassador Schwab led an NFTC panel discussion on leaning into trade in the face of geopolitical challenges. NFTC Vice President Tiffany Smith spoke at an OECD-led panel on shedding new light on the evolving regulatory framework for digital services trade. Jamaica Gayle led a panel on behalf of the NFTC Foundation’s Global Innovation Forum on how digital transformations empower small businesses’ resilience in the Asia-Pacific.

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

NFTC Statement on Biden Administration Decision to Avoid Tariffs on Rare Earth Magnets

Posted on by dcadmin

WASHINGTON DC – National Foreign Trade Council (NFTC) President Jake Colvin today issued a statement following reports that the Biden Administration has declined to impose tariffs on rare earth magnets:

“The Biden Administration made the right call today by declining to impose new tariffs on neodymium magnets. Tariffs would have done more harm than good, ultimately undermining the Administration’s efforts to create resilient supply chains while also punishing American manufacturers, which rely on neodymium magnets as an essential component in their products.

“Such tariffs would have diminished the competitiveness of American-made products containing these magnets and would have opened the door to retaliation against U.S. exports by our trading partners. Invoking national security as a justification to protect a few industries to the detriment of many others sets a bad example, and we appreciate the Administration’s decision not to do so.”

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.

Margaret Cekuta Joins NFTC as Senior Director for Trade and Innovation Policy

Posted on by dcadmin

Washington D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today announced that Margaret Cekuta has joined the NFTC as Senior Director for Trade and Innovation Policy.

She will serve as NFTC’s lead on digital trade, environment, health and intellectual property and spearhead the Council’s engagement with the Indo-Pacific.

Ms. Cekuta most recently worked at Capitol Counsel where she advised clients on a broad range of international trade issues. She previously served as Associate Chief of Staff at the Council of Economic Advisors and in several roles at USTR including Chief of Staff to the General Counsel.

“We are thrilled to welcome Margaret to our team,” said Colvin. “Her government and private sector experience on a range of critical trade, IP and technology issues will enable NFTC to expand its work in evolving areas of global economic policy involving health, environment, and digital and frontier technologies.”

Margaret’s full bio can be found below.

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Margaret Cekuta
Senior Director, Trade & Innovation Policy

Margaret Cekuta is Senior Director for Trade and Innovation Policy at the National Foreign Trade Council, the leading business association dedicated to advancing the interests of U.S. companies in international commerce.

Prior to joining the NFTC, Margaret was a principal at Capitol Counsel serving as a key member of their international trade team. She advised clients on a broad array of international economic and trade matters including the impacts of the Uyghur Forced Labor Prevention Act and tariffs imposed by the United States and trading partners. She also worked with companies in a broad array of industries from automotive to lumber.

Margaret previously served at the Council of Economic Advisers, where her portfolio focused on international trade, including the Section 301 investigation into China’s intellectual property practices, as well as pharmaceutical medicines and cyber issues.

Before joining CEA, Margaret worked for the Office of The United States’ Trade Representative, holding policy positions in the Office of Europe and the Middle East (EME) and the Office of the General Counsel (OGC). In EME, Margaret’s portfolio included Ukraine, Russia, and Germany. While in the OGC, Margaret was a key policy member focused on the economic cybertheft of trade secrets and the Section 301 investigation into China’s Intellectual Property Practices.

Margaret is a graduate of Georgetown University, where she received a BSFS from the School of Foreign Service as well as a Master’s of Liberal Studies. Her Master’s Thesis, The Benefits of Promoting Women-Owned Micro and Small Businesses Through the United States’ Trade Policy, earned the school’s Outstanding Student Award.

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.