Center for Global Regulatory Cooperation | U.S. Chamber of Commerce

Center for Global Regulatory Cooperation

Half a century of progress toward the elimination of tariffs and quotas around the globe has generated prosperity in the United States and abroad. However, barriers created through regulation and compliance, which often circumvent existing bilateral and multilateral trade and investment agreements, threaten future progress.

Further, competition policy and enforcement have never been effectively married with trade disciplines. Given the recent proliferation in the number of competition authorities in the world and the rise of state-led capitalism, which frequently is in direct competition with the private sector, the need to effectively address the intersection between competition and trade has never been greater.
 
Whether designed without international consideration or coordination, or intentionally promulgated as discriminatory industrial policies that favor national champions, an array of “regulatory” practices are institutionalizing inefficiencies and undermining the promise of liberalized trade.
 
The impact at home is long-term harm to our nation’s competitiveness, innovation, job creation, and economic growth as such policies in global markets prevent some of the most successful and innovative U.S. companies from commercializing their products, services, and technologies around the world.
 
The U.S. Chamber of Commerce’s Center for Global Regulatory Cooperation (GRC) seeks to align trade, regulatory, and competition policy in support of open and competitive markets. It has developed a proven track record of being at the forefront of international economic policy development and advancing new provisions to meet a range of 21st century challenges in trade and investment agreements. The GRC also promotes a robust agenda of regulatory concerns that impact companies across all industries. 

Policy Areas of Focus:

Global Connect
In today’s economy, seamless digital connection and the ability to move information across borders are just as critical to global growth as capital flows across borders. However, a series of government policies cropping up around the world threaten the connectedness of the digital economy and have created new issues essential to trade in digital-enabled goods and services encompassing everything from the Internet of Things to intracompany cloud services.

Better Regulation & Cooperation
Smooth movement of goods and services across borders requires transparent, effective, enforceable, and mutually coherent regulatory systems that are risk based and science based, adhere to international best practices, and feature close collaboration among governments and their stakeholders.

Competition Policy & Antitrust
Trade policy is essential to opening markets to greater competition, whereas competition policy and antitrust enforcement are essential to the competitive operation of markets. Growth in new enforcement agencies has resulted in complications in clearing merger transactions and has ushered in divergent views on how best to protect competition in the marketplace, including the use of antitrust as a tool of industrial policy.

Investment
Investment policy should support open and competitive markets, but government action can distort investment flows and limit investment opportunities. The U.S. Chamber opposes policies that impede foreign investment, such as questionable regulatory reviews and caps on the amount of foreign direct investment allowed.

State Capitalism
In many of the largest developing economies, state capitalism is an increasingly common tool for managing economic development, giving rise to state-owned companies and, in some cases, privately owned companies that retain close political influence and financial ties to their governments.

If you have questions regarding the Center for Global Regulatory Cooperation (GRC) or to learn how to get involved please contact grc@uschamber.com.  Don't forget to follow us on Twitter