International Strategic Initiatives
Business Response to Global Economic Challenges
The U.S. Chamber of Commerce advances business interests in key dialogues with G20 policy makers. As G20 was elevated to coordinate policy action in dealing with the global economic crisis, the Chamber has been contributing to all private sector consultations with G20 at both national and international levels.
The Chamber’s actions are guided by the G20 Initiatives Working Group, which has conducted a wide range of in-depth discussions with key officials from G20 countries who are responsible for changing the rules of global finance and growth rebalancing. We are also engaged in providing business input to international institutions such as the International Monetary Fund (IMF), Financial Stability Board (FSB), and the International Organization of Securities Commissions (IOSCO).
To lead the business response to the policies agreed by heads of states at G20 level, the Chamber is a founding member of the B20 Coalition of national business federations from the top 20 economies. The B20 Coalition coordinates business participation in policy recommendations submitted to key official meetings, including G20 summits.
Business Response to the Challenges of Advanced Economies
The advanced mature economies represented in the Group of 8, G8, share long standing experience of cooperation in addressing major geopolitical and economic challenges from food security to cybercrime to development assistance. To ensure that policy decisions at G8 take into account the views of the entrepreneurs and employers, the Chamber formed a coalition with the most representative business organizations of G8 economies. In 2012, the U.S. Chamber holds the chairmanship of the B8, to be followed in 2013 by the United Kingdom. B8 is presently focused on stimulating policies that would enable taking full advantage of the unique human potential of high-income economies countries as the engine of long term growth.
Business Support for Russia’s Re-Integration in Global Economy
The American-Russian Business Dialogue (ARBD) was created by the U.S. Chamber of Commerce and the Russian Union of Industrialists and Entrepreneurs to develop an association-to-association channel that addresses the challenges of 21st century global economic integration to the United States and Russia.
Key areas of focus include: improving the investment climate between both countries; advancing WTO accession for Russia, and a BIT; addressing energy security issues; protecting the environment and natural resources; and defending intellectual property while nurturing innovation and creativity.