The TransAtlantic Business Dialogue (TABD) offers an effective framework for enhanced cooperation between the transatlantic business community and the governments of the European Union and United States.

What's Happening
World Financial Summit
    
TABD welcomes World Financial Summit, and calls for stronger international cooperation in financial markets.
   
TABD World Financial Summit Press Release
    

The Trans-Atlantic Business Dialogue (TABD) welcomes the initiative for a Summit on the Financial Markets and the World Economy to be held in Washington on November 15, 2008. Coordination among the G20 nations is essential in addressing the challenges facing the global economy and reforming the global financial system to ensure greater financial stability worldwide. The planned series of meetings represents a welcome continuation of the coordination of emergency measures among the G7, the G20, the EU and the IMF member countries in mid-October this year.

 

International Working Group of Sovereign Wealth Funds

     

TABD welcomes principles for sovereign wealth funds, and calls for greater efforts to open up foreign investment markets

  
TABD Sovereign Wealth Fund Press Release
  

The Trans-Atlantic Business Dialogue (TABD) welcomes the Generally Agreed Principles and Practices (GAPP) presented on October 11, 2008 by the International Working Group of Sovereign Wealth Funds (IWG). TABD has been a strong proponent of a voluntary approach to setting principles for this important group of institutional investors, and believes that the GAPP have great potential in promoting higher levels of transparency and governance. If successful and implemented consistently among sovereign wealth funds, the GAPP will be a solid basis for greater confidence and trust in participating sovereign investors around the globe.

   

Stakeholder Collaboration

    November 24, 2008
  • Demystifying the US Executive Branch Transition Process: The View from Inside Commerce and USTR
    •      
    On November 24th, the TransAtlantic Business Dialogue hosted a roundtable discussion for European trade and economic counselors and TABD guests on the political transition to the new U.S. administration.
        roundtable_1
        
    featuring
          
    Michelle O'Neill
    Deputy Under Secretary of Commerce for International Trade
         
    Chris Wilson
    Assistant United States Trade Representative for Europe and the Middle East
         
    Grant Aldonas
    Former Under Secretary of Commerce of International Trade
      
    The panel of 2 senior-level government officials as well as a former political appointee described the process of the transition, from preparing briefing books to coordinating with the transition teams to working with new political appointees. The transition was thus broken down into 2 transitions: the current transition following the election when the transition coordinators work within the agencies to prepare cabinet nominations and a 2nd transition with the arrival of the new cabinet members. Generally, the transition might be characterized as a personnel exercise; however, it is also the first step from campaigning to governing, with the obligation to mediate expectations and current circumstances. Given the present economic instability, the panelists identified an overall consensus regarding the need for a smooth transition at both the high- and subcabinet levels.
       
    Transition Roundtable Announcement
    Transition Roundtable Agenda
    November 21, 2008
  • Outlook and Outcomes for the G-20 Summit Process
    •       
    Luncheon briefing with The Honorable David McCormick,
    Under Secretary of the Treasury for International Affairs
       mccormick
    On November 21st, Under Secretary of Treasury David McCormick spoke with TABD and USCIB guests about the purpose and outcomes of the G20 Leaders Summit on Financial Markets and the World Economy. Mr. McCormick described the process of the US Administration's planning of the meeting leading up to November 15th. Additionally, he detailed the outcomes of the meeting, including a short-term set of actions to deal with the present crisis, a reform agenda with specific action points as well as a general statement to set a tone in favor of free trade. He also shared his projections for the next steps following on the Declaration of the Summit on Financial Markets and the World Economy.
      
    TABD USCIB Luncheon Briefing Announcement