June 16, 2011
An international co-ordinated public-private effort is essential to address extreme price instability of food and other agriculture commodities, according to a new Business and Industry Advisory Committee (BIAC) paper. Released to the OECD in advance of the first meeting of the G20 Agriculture Ministers, on 22-23 June 2011 in Paris, the BIAC paper highlights several policy recommendations for mitigating and managing price volatility in agriculture commodity markets.
“Extreme food price volatility creates uncertainty and undermines investor confidence, which is damaging for society and bad for business,” says Mr. Niels Nordgaard, Chair of the BIAC Food and Agriculture Committee. “This is particularly damaging given that, at the same time, the food and agriculture sector is facing the long-term challenge of continuing to increase investment in order to boost production to meet rising food demand.”
May 25, 2011
“Convergence of corporate social responsibility standards between countries adhering, and those not adhering, to the OECD Guidelines for Multi-National Enterprises must be reached in order to create a true level playing field in the markets where multi-national companies operate,” said Mr. Winand Quaedvlieg, Chairman of the BIAC International Investment and MNE Committee.
Speaking on the occasion of the 2011 OECD Ministerial Council Meeting, Mr. Quaedvlieg highlighted the OECD business community’s views on Ministers adoption of the update of the OECD Guidelines. BIAC has been actively involved in the discussions since the beginning of the update. Many different stakeholder views have been expressed, and the final text represents a balanced outcome that BIAC can accept.
April 28, 2011
“Fighting public officials’ solicitation of bribes must be a priority in order to combat corruption,” says Mr. Jean Monville, Chairman of the BIAC Task Force on Bribery and Corruption. “BIAC is committed to creation of a clean global business environment and the goals of the G20 Anti-Corruption Action Plan; this will necessitate deeper co-operation between business and Governments.”
April 27, 2011
Dakar, Senegal – “Creating favorable conditions for foreign and domestic private investment in Africa is essential to provide new engines of growth and employment, which will help improve social conditions”, says Ms. Marie Gad, Chair of the Africa Group of the Business and Industry Advisory Committee to the OECD (BIAC).
Much of Africa has experienced strong growth over past years, but increasing food prices, a lack of jobs (particularly among young people), pervasive corruption and ageing infrastructures pose a risk to stability and development. These problems need to be tackled if Africa’s development is to be sustained and strengthened.
April 7, 2011
On the occasion of BIAC’s General Assembly, over 120 international business, OECD, and Hungarian government policy decision makers met today to explore and discuss how the OECD and the international business community have, since the Organisation’s founding 50 years ago, worked together to promote open markets and job creation.
“Today’s generation of business and government leaders have faced no challenge more daunting than helping their societies adjust to and reap the potential rewards of globalisation,” stated BIAC Chairman Charles P. Heeter.
November 10, 2010
G20 Leaders are convening in Seoul on 11 and 12 November with the primary aim of achieving a G20 Framework for “strong, sustainable and balanced growth”. International business supports these efforts and wishes to reaffirm the key role of the private sector in this endeavour.
IOE and BIAC, the world’s lead representative business organisations, are committed to working with governments on policies necessary to support sustainable economic growth through private sector job creation.
October 8, 2010
Speaking to OECD Health Ministers on 7 October 2010, BIAC urged governments to work closely with the private sector to maximise the efficiency of health care systems with limited resources, and to obtain better value for money while improving quality of health care and patient outcomes.
May 28, 2010
Speaking at the OECD Ministerial Meeting 27-28 May 2010, BIAC urged governments to implement policies enhancing employability, innovation, green growth, and open trade and investment. Unwinding stimulus measures and returning to private sector-led growth is the only long run sustainable path to economic recovery and employment creation.