FROM: U.S. JUSTICE DEPARTMENT
Wednesday, November 12, 2014
Readout of Attorney General Holder's Phone Call with Elected Officials From Missouri
The following statement is attributable to Justice Department spokesman Brian Fallon:
“The Attorney General participated in a conference call this afternoon with federal, state and local elected officials from Missouri. The Attorney General thanked the elected officials for their work in planning the local response to the ongoing demonstrations in and around Ferguson. He said he was encouraged by reports he has received about progress being made in those planning efforts, including dialogue with coalition leaders about constructive engagement in the weeks ahead. The Attorney General stressed that going forward, it will be more important than ever that the law enforcement response to the demonstrations always seek to deescalate tensions and respect the rights of protestors. At the same time, the Attorney General said, it must be clearly communicated that any acts of violence by the demonstrators, or other attempts to provoke law enforcement, are unacceptable.
“With respect to the Department’s ongoing investigations into both the shooting of Michael Brown and the Ferguson police department generally, the Attorney General said he could not provide a specific timeline for concluding those inquiries. He did stress, however, that he had devoted significant resources to these investigations in order to ensure they are conducted in as thorough and expeditious a manner as possible.
“The Attorney General concluded by offering the Department’s continued assistance, and by urging continued and direct communication between elected officials, law enforcement, and community leaders in the days ahead to help deescalate tensions and assist with planning.”
A PUBLICATION OF RANDOM U.S.GOVERNMENT PRESS RELEASES AND ARTICLES
Thursday, November 13, 2014
WHITE HOUSE PRESS STATEMENT ON U.S.-INDIA TRADE FACILITATION AGREEMENT AT WTO
FROM: U.S. STATE DEPARTMENT
November 13, 2014
Statement by the Press Secretary on the Agreement Between the United States and India on the Trade Facilitation Agreement at the World Trade Organization (WTO)
The important breakthrough reached today between the United States and India will unlock progress toward the full and immediate implementation of the WTO Trade Facilitation Agreement, which will lower the costs of trade for developed and developing countries alike.
The President had extensive discussions with Prime Minister Modi on this issue and appreciates his personal leadership in finding a path forward.
This breakthrough will also strengthen the multilateral trading system and give a boost to its ongoing work, including in the area of food security. Combined with the recent announcement of a breakthrough on the WTO Information Technology Agreement (ITA) and the agreement among Trans Pacific Partnership (TPP) Leaders that the end of those landmark negotiations is coming into focus, this has been a good week for expanding opportunities for American businesses and workers and for promoting growth around the globe.
November 13, 2014
Statement by the Press Secretary on the Agreement Between the United States and India on the Trade Facilitation Agreement at the World Trade Organization (WTO)
The important breakthrough reached today between the United States and India will unlock progress toward the full and immediate implementation of the WTO Trade Facilitation Agreement, which will lower the costs of trade for developed and developing countries alike.
The President had extensive discussions with Prime Minister Modi on this issue and appreciates his personal leadership in finding a path forward.
This breakthrough will also strengthen the multilateral trading system and give a boost to its ongoing work, including in the area of food security. Combined with the recent announcement of a breakthrough on the WTO Information Technology Agreement (ITA) and the agreement among Trans Pacific Partnership (TPP) Leaders that the end of those landmark negotiations is coming into focus, this has been a good week for expanding opportunities for American businesses and workers and for promoting growth around the globe.
FIVE BANKS TO PAY OVER $1.4 BILLION FOR ATTEMPTING TO MANIPULATE FOREIGN EXCHANGE BENCHMARK RATES
FROM: U.S. COMMODITY FUTURES TRADING COMMISSION
CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for Attempted Manipulation of Foreign Exchange Benchmark Rates
Citibank, HSBC, JPMorgan, RBS, and UBS Coordinated Trading with Other Banks in Private Chat Rooms in Their Attempts to Manipulate
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks’ attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.
The Orders collectively impose over $1.4 billion in civil monetary penalties, specifically: $310 million each for Citibank and JPMorgan, $290 million each for RBS and UBS, and $275 million for HSBC.
The Orders also require the Banks to cease and desist from further violations, and take specified steps to implement and strengthen their internal controls and procedures, including the supervision of their FX traders, to ensure the integrity of their participation in the fixing of foreign exchange benchmark rates and internal and external communications by traders. The relevant period of conduct varies across the Banks, with conduct commencing for certain banks in 2009, and for each bank, continuing into 2012.
Aitan Goelman, the CFTC’s Director of Enforcement, stated: “The setting of a benchmark rate is not simply another opportunity for banks to earn a profit. Countless individuals and companies around the world rely on these rates to settle financial contracts, and this reliance is premised on faith in the fundamental integrity of these benchmarks. The market only works if people have confidence that the process of setting these benchmarks is fair, not corrupted by manipulation by some of the biggest banks in the world.”
According to the Orders, one of the primary benchmarks that the FX traders attempted to manipulate was the World Markets/Reuters Closing Spot Rates (WM/R Rates). The WM/R Rates, the most widely referenced FX benchmark rates in the United States and globally, are used to establish the relative values of different currencies, which reflect the rates at which one currency is exchanged for another currency. FX benchmark rates, such as the WM/R Rates, are used for pricing of cross-currency swaps, foreign exchange swaps, spot transactions, forwards, options, futures and other financial derivative instruments. The most actively traded currency pairs are the Euro/U.S. Dollar, U.S. Dollar/Japanese Yen, and British Pound Sterling/U.S. Dollar. Accordingly, the integrity of the WM/R Rates and other FX benchmarks is critical to the integrity of the markets in the United States and around the world.
The Orders find that certain FX traders at the Banks coordinated their trading with traders at other banks in their attempts to manipulate the FX benchmark rates, including the 4 p.m. WM/R fix. FX traders at the Banks used private chat rooms to communicate and plan their attempts to manipulate the FX benchmark rates. In these chat rooms, FX traders at the Banks disclosed confidential customer order information and trading positions, altered trading positions to accommodate the interests of the collective group, and agreed on trading strategies as part of an effort by the group to attempt to manipulate certain FX benchmark rates. These chat rooms were sometimes exclusive and invitation only. (Examples of the coordinating chats are attached under Related Links.)
The Orders also find that the Banks failed to adequately assess the risks associated with their FX traders participating in the fixing of certain FX benchmark rates and lacked adequate internal controls in order to prevent improper communications by traders. In addition, the Banks lacked sufficient policies, procedures and training specifically governing participation in trading around the FX benchmarks rates; and had inadequate policies pertaining to, or sufficient oversight of, their FX traders’ use of chat rooms or other electronic messaging.
According to the Orders, some of this conduct occurred during the same period that the Banks were on notice that the CFTC and other regulators were investigating attempts by certain banks to manipulate the London Interbank Offered Rate (LIBOR) and other interest rate benchmarks. The Commission has taken enforcement action against UBS and RBS (among other banks and inter-dealer brokers) in connection with LIBOR and other interest rate benchmarks. (See information below.)
The Orders recognize the significant cooperation of Citibank, HSBC, JPMorgan, RBS, and UBS with the CFTC during the investigation of this matter. In the UBS Order, the CFTC also recognizes that UBS was the first bank to report this misconduct to the CFTC.
In related matters, the United Kingdom Financial Conduct Authority (FCA) issued Final Notices regarding enforcement actions against the Banks and imposing collectively penalties of £1,114,918,000 (approximately $1.7 billion), and the Swiss Financial Market Supervisory Authority (FINMA) has issued an order resolving proceedings against and requiring disgorgement from UBS AG.
The CFTC thanks and acknowledges the invaluable assistance of the U.S. Department of Justice, the Federal Bureau of Investigation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the FCA, and FINMA.
CFTC Division of Enforcement staff members responsible for these cases are Robert Howell, Jonathan Huth, Traci Rodriguez, Jennifer Smiley, David Terrell, Melissa Glasbrenner, Heather Johnson, Jordon Grimm, Elizabeth Streit, and Gretchen L. Lowe.
* * * * *
With these Orders, since June 2012, the CFTC has imposed penalties of over $3.34 billion on entities relating to acts of attempted manipulation, completed manipulation, and/or false reporting with respect to global benchmarks. See In re Lloyds’ Banking Group, PLC , CFTC Docket No. 14-18 (July 28, 2014)($105 million)(CFTC Press Release 6966-14); (In re RP Martin Holdings Limited and Martin Brokers (UK) Ltd., CFTC Docket No. 14-16 (May 15, 2014) ($1.2 Million penalty) (CFTC Press Release 6930-14); In re Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank), CFTC Docket No. 14-02, (October 29, 2013) ($475 Million penalty) (CFTC Press Release 6752-13); In re ICAP Europe Limited, CFTC Docket No. 13-38 (September 25, 2013) ($65 Million penalty) (CFTC Press Release 6708-13); In re The Royal Bank of Scotland plc and RBS Securities Japan Limited, CFTC Docket No. 13-14 (February 6, 2013) ($325 Million penalty) (CFTC Press Release 6510-13); In re UBS AG and UBS Securities Japan Co., Ltd., CFTC Docket No. 13-09) (December 19, 2012) ($700 Million penalty) (CFTC Press Release 6472-12); In re Barclays PLC, Barclays Bank PLC, and Barclays Capital Inc., CFTC Docket No. 12-25 (June 27, 2012) ($200 million penalty) (CFTC Press Release 6289-12). In these actions, the CFTC ordered each institution to undertake specific steps to ensure the integrity and reliability of the benchmark interest rates.
CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for Attempted Manipulation of Foreign Exchange Benchmark Rates
Citibank, HSBC, JPMorgan, RBS, and UBS Coordinated Trading with Other Banks in Private Chat Rooms in Their Attempts to Manipulate
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks’ attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.
The Orders collectively impose over $1.4 billion in civil monetary penalties, specifically: $310 million each for Citibank and JPMorgan, $290 million each for RBS and UBS, and $275 million for HSBC.
The Orders also require the Banks to cease and desist from further violations, and take specified steps to implement and strengthen their internal controls and procedures, including the supervision of their FX traders, to ensure the integrity of their participation in the fixing of foreign exchange benchmark rates and internal and external communications by traders. The relevant period of conduct varies across the Banks, with conduct commencing for certain banks in 2009, and for each bank, continuing into 2012.
Aitan Goelman, the CFTC’s Director of Enforcement, stated: “The setting of a benchmark rate is not simply another opportunity for banks to earn a profit. Countless individuals and companies around the world rely on these rates to settle financial contracts, and this reliance is premised on faith in the fundamental integrity of these benchmarks. The market only works if people have confidence that the process of setting these benchmarks is fair, not corrupted by manipulation by some of the biggest banks in the world.”
According to the Orders, one of the primary benchmarks that the FX traders attempted to manipulate was the World Markets/Reuters Closing Spot Rates (WM/R Rates). The WM/R Rates, the most widely referenced FX benchmark rates in the United States and globally, are used to establish the relative values of different currencies, which reflect the rates at which one currency is exchanged for another currency. FX benchmark rates, such as the WM/R Rates, are used for pricing of cross-currency swaps, foreign exchange swaps, spot transactions, forwards, options, futures and other financial derivative instruments. The most actively traded currency pairs are the Euro/U.S. Dollar, U.S. Dollar/Japanese Yen, and British Pound Sterling/U.S. Dollar. Accordingly, the integrity of the WM/R Rates and other FX benchmarks is critical to the integrity of the markets in the United States and around the world.
The Orders find that certain FX traders at the Banks coordinated their trading with traders at other banks in their attempts to manipulate the FX benchmark rates, including the 4 p.m. WM/R fix. FX traders at the Banks used private chat rooms to communicate and plan their attempts to manipulate the FX benchmark rates. In these chat rooms, FX traders at the Banks disclosed confidential customer order information and trading positions, altered trading positions to accommodate the interests of the collective group, and agreed on trading strategies as part of an effort by the group to attempt to manipulate certain FX benchmark rates. These chat rooms were sometimes exclusive and invitation only. (Examples of the coordinating chats are attached under Related Links.)
The Orders also find that the Banks failed to adequately assess the risks associated with their FX traders participating in the fixing of certain FX benchmark rates and lacked adequate internal controls in order to prevent improper communications by traders. In addition, the Banks lacked sufficient policies, procedures and training specifically governing participation in trading around the FX benchmarks rates; and had inadequate policies pertaining to, or sufficient oversight of, their FX traders’ use of chat rooms or other electronic messaging.
According to the Orders, some of this conduct occurred during the same period that the Banks were on notice that the CFTC and other regulators were investigating attempts by certain banks to manipulate the London Interbank Offered Rate (LIBOR) and other interest rate benchmarks. The Commission has taken enforcement action against UBS and RBS (among other banks and inter-dealer brokers) in connection with LIBOR and other interest rate benchmarks. (See information below.)
The Orders recognize the significant cooperation of Citibank, HSBC, JPMorgan, RBS, and UBS with the CFTC during the investigation of this matter. In the UBS Order, the CFTC also recognizes that UBS was the first bank to report this misconduct to the CFTC.
In related matters, the United Kingdom Financial Conduct Authority (FCA) issued Final Notices regarding enforcement actions against the Banks and imposing collectively penalties of £1,114,918,000 (approximately $1.7 billion), and the Swiss Financial Market Supervisory Authority (FINMA) has issued an order resolving proceedings against and requiring disgorgement from UBS AG.
The CFTC thanks and acknowledges the invaluable assistance of the U.S. Department of Justice, the Federal Bureau of Investigation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the FCA, and FINMA.
CFTC Division of Enforcement staff members responsible for these cases are Robert Howell, Jonathan Huth, Traci Rodriguez, Jennifer Smiley, David Terrell, Melissa Glasbrenner, Heather Johnson, Jordon Grimm, Elizabeth Streit, and Gretchen L. Lowe.
* * * * *
With these Orders, since June 2012, the CFTC has imposed penalties of over $3.34 billion on entities relating to acts of attempted manipulation, completed manipulation, and/or false reporting with respect to global benchmarks. See In re Lloyds’ Banking Group, PLC , CFTC Docket No. 14-18 (July 28, 2014)($105 million)(CFTC Press Release 6966-14); (In re RP Martin Holdings Limited and Martin Brokers (UK) Ltd., CFTC Docket No. 14-16 (May 15, 2014) ($1.2 Million penalty) (CFTC Press Release 6930-14); In re Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank), CFTC Docket No. 14-02, (October 29, 2013) ($475 Million penalty) (CFTC Press Release 6752-13); In re ICAP Europe Limited, CFTC Docket No. 13-38 (September 25, 2013) ($65 Million penalty) (CFTC Press Release 6708-13); In re The Royal Bank of Scotland plc and RBS Securities Japan Limited, CFTC Docket No. 13-14 (February 6, 2013) ($325 Million penalty) (CFTC Press Release 6510-13); In re UBS AG and UBS Securities Japan Co., Ltd., CFTC Docket No. 13-09) (December 19, 2012) ($700 Million penalty) (CFTC Press Release 6472-12); In re Barclays PLC, Barclays Bank PLC, and Barclays Capital Inc., CFTC Docket No. 12-25 (June 27, 2012) ($200 million penalty) (CFTC Press Release 6289-12). In these actions, the CFTC ordered each institution to undertake specific steps to ensure the integrity and reliability of the benchmark interest rates.
AMBASSADOR PRESSMAN'S SPEECH ON CHAPTER VII MANDATE RENEWAL SUPPORTING PEOPLE OF BOSNIA AND HERZEGOVINA
FROM: U.S. STATE DEPARTMENT
Ambassador David Pressman
Alternate Representative to the UN for Special Political Affairs
New York, NY
November 11, 2014
AS DELIVERED
Thank you, Madame President, and thank you High Representative Inzko for your briefing today. The United States continues to support your mandate under the General Framework Agreement for Peace. We commend your work, and offer you our strong support for your role as a member of the Peace Implementation Council.
Madame President, before commenting on High Representative Inzko’s briefing, I would like to say a few words about the resolution that was just adopted by the Council.
This Chapter VII mandate renewal reaffirms the Council’s willingness to support the people of Bosnia and Herzegovina in their efforts to sustain a safe and secure environment with the assistance of the EUFOR mission and NATO Headquarters Sarajevo, and to implement the civilian aspects of the General Framework Agreement for Peace with the help of the Office of the High Representative.
Bosnia and Herzegovina has expressed, without reservation, its strong support for this mandate renewal and for all of the language therein. The United States joins Bosnia and Herzegovina and the members of this Council and the EU Foreign Affairs Council in our continued support for the EUFOR mandate. And we are disappointed that one delegation did not join consensus in responding to Bosnia and Herzegovina’s own request for continued Security Council support.
Madame President, this has been a highly eventful and important year for Bosnia and Herzegovina. In February, thousands of protesters in cities across the country joined together to express dissatisfaction with economic and political stagnation. Although the protests briefly – and regrettably – turned violent, and although some political actors attempted to use the protests to discourage public discourse and stoke ethnic tensions, the plenums that resulted from these protests provided a positive and peaceful venue for active political engagement.
Shortly after our May debate in this Council, Bosnia and Herzegovina experienced severe flooding that resulted in dozens of deaths and displaced thousands from their homes. The flooding also contributed to economic concerns, causing billions of dollars in damage. As the people of Bosnia and Herzegovina work toward recovery, they are undoubtedly more aware than ever of the need for properly functioning democratic institutions and for political leaders that will work together at all levels to make social and economic progress.
In this regard, the United States commends Bosnia and Herzegovina on holding general elections this October. The elections were orderly and conducted in a competitive environment, although we also cannot ignore that there were several irregularities, as noted by the OSCE observation mission.
As finalized results are expected today, it is our hope that governments will form as quickly as possible and that the elected representatives of the people will look for ways to move the country forward positively and to compromise, where needed.
Further, we call on the political parties and institutions to meet their obligations to implement the ruling of the BiH Constitutional Court on the electoral system for Mostar.
Madame President, we support Bosnia and Herzegovina’s long-expressed goal of Euro-Atlantic integration and continue to believe that the integration process is the surest and most expeditious path to the country’s long-term stability and prosperity. We note Bosnia and Herzegovina recently reiterated this goal during the recent General Debate, in which Serb Member of the Presidency of Bosnia and Herzegovina Radmanovic stated unequivocally that his country’s ultimate goal was, “full, legal integration into the European Union.”
Euro-Atlantic integration will not happen without continued efforts by a variety of stakeholders. We welcome the reform initiative proposed by the British and German Foreign Ministers last week to get the country back on track for EU membership, and we will work with our European partners to support the adoption and implementation of this reform agenda. We also will work with Bosnia and Herzegovina’s newly elected leaders to press for the resolution of the listing of defense properties in order to activate its NATO Membership Action Plan. We hope the new government seriously engages on the reform agenda to build a more effective, democratic and prosperous state, and to progress towards the country’s goals of EU and NATO integration.
As the High Representative noted in his report, authorities have again failed to make any concrete progress on the outstanding 5+2 objectives and the conditions for the closure of the Office of the High Representative. We also share his concern over the Republika Srpska’s lack of compliance with its obligation to provide the High Representative with timely access to officials, institutions and documents, and we urge the relevant authorities to comply.
The United States strongly supports the territorial integrity and sovereignty of Bosnia and Herzegovina as guaranteed by the Dayton Peace Accords. We note that some political leaders persist in their attempts to use divisive rhetoric to distract the public from economic and political stagnation.
The recent elections proved that an increasing majority of citizens are tired of these distractions and seek true leadership from their officials. We condemn divisive rhetoric, and during the coalition formation period, we urge parties to seek partners that are prepared to work toward a future for all of Bosnia and Herzegovina.
Finally, I want to again reiterate the support of the United States for the renewal of the EUFOR mandate under the Chapter VII of the UN Charter. The United States commends the work of NATO Headquarters Sarajevo and EUFOR mission in Bosnia and Herzegovina and we believe EUFOR and NATO Headquarters Sarajevo – successors to SFOR – are essential in sustaining a safe and secure environment in Bosnia and Herzegovina, providing vital capacity-building to the government, and offering reassurance across ethnic lines that the international community is committed to the country’s stability.
We remain hopeful for the future of Bosnia and Herzegovina and we will continue to work with the international community and with the country’s institutions to encourage progress in each of these areas and to improve the lives of its citizens.
Thank you, Madame President.
Ambassador David Pressman
Alternate Representative to the UN for Special Political Affairs
New York, NY
November 11, 2014
AS DELIVERED
Thank you, Madame President, and thank you High Representative Inzko for your briefing today. The United States continues to support your mandate under the General Framework Agreement for Peace. We commend your work, and offer you our strong support for your role as a member of the Peace Implementation Council.
Madame President, before commenting on High Representative Inzko’s briefing, I would like to say a few words about the resolution that was just adopted by the Council.
This Chapter VII mandate renewal reaffirms the Council’s willingness to support the people of Bosnia and Herzegovina in their efforts to sustain a safe and secure environment with the assistance of the EUFOR mission and NATO Headquarters Sarajevo, and to implement the civilian aspects of the General Framework Agreement for Peace with the help of the Office of the High Representative.
Bosnia and Herzegovina has expressed, without reservation, its strong support for this mandate renewal and for all of the language therein. The United States joins Bosnia and Herzegovina and the members of this Council and the EU Foreign Affairs Council in our continued support for the EUFOR mandate. And we are disappointed that one delegation did not join consensus in responding to Bosnia and Herzegovina’s own request for continued Security Council support.
Madame President, this has been a highly eventful and important year for Bosnia and Herzegovina. In February, thousands of protesters in cities across the country joined together to express dissatisfaction with economic and political stagnation. Although the protests briefly – and regrettably – turned violent, and although some political actors attempted to use the protests to discourage public discourse and stoke ethnic tensions, the plenums that resulted from these protests provided a positive and peaceful venue for active political engagement.
Shortly after our May debate in this Council, Bosnia and Herzegovina experienced severe flooding that resulted in dozens of deaths and displaced thousands from their homes. The flooding also contributed to economic concerns, causing billions of dollars in damage. As the people of Bosnia and Herzegovina work toward recovery, they are undoubtedly more aware than ever of the need for properly functioning democratic institutions and for political leaders that will work together at all levels to make social and economic progress.
In this regard, the United States commends Bosnia and Herzegovina on holding general elections this October. The elections were orderly and conducted in a competitive environment, although we also cannot ignore that there were several irregularities, as noted by the OSCE observation mission.
As finalized results are expected today, it is our hope that governments will form as quickly as possible and that the elected representatives of the people will look for ways to move the country forward positively and to compromise, where needed.
Further, we call on the political parties and institutions to meet their obligations to implement the ruling of the BiH Constitutional Court on the electoral system for Mostar.
Madame President, we support Bosnia and Herzegovina’s long-expressed goal of Euro-Atlantic integration and continue to believe that the integration process is the surest and most expeditious path to the country’s long-term stability and prosperity. We note Bosnia and Herzegovina recently reiterated this goal during the recent General Debate, in which Serb Member of the Presidency of Bosnia and Herzegovina Radmanovic stated unequivocally that his country’s ultimate goal was, “full, legal integration into the European Union.”
Euro-Atlantic integration will not happen without continued efforts by a variety of stakeholders. We welcome the reform initiative proposed by the British and German Foreign Ministers last week to get the country back on track for EU membership, and we will work with our European partners to support the adoption and implementation of this reform agenda. We also will work with Bosnia and Herzegovina’s newly elected leaders to press for the resolution of the listing of defense properties in order to activate its NATO Membership Action Plan. We hope the new government seriously engages on the reform agenda to build a more effective, democratic and prosperous state, and to progress towards the country’s goals of EU and NATO integration.
As the High Representative noted in his report, authorities have again failed to make any concrete progress on the outstanding 5+2 objectives and the conditions for the closure of the Office of the High Representative. We also share his concern over the Republika Srpska’s lack of compliance with its obligation to provide the High Representative with timely access to officials, institutions and documents, and we urge the relevant authorities to comply.
The United States strongly supports the territorial integrity and sovereignty of Bosnia and Herzegovina as guaranteed by the Dayton Peace Accords. We note that some political leaders persist in their attempts to use divisive rhetoric to distract the public from economic and political stagnation.
The recent elections proved that an increasing majority of citizens are tired of these distractions and seek true leadership from their officials. We condemn divisive rhetoric, and during the coalition formation period, we urge parties to seek partners that are prepared to work toward a future for all of Bosnia and Herzegovina.
Finally, I want to again reiterate the support of the United States for the renewal of the EUFOR mandate under the Chapter VII of the UN Charter. The United States commends the work of NATO Headquarters Sarajevo and EUFOR mission in Bosnia and Herzegovina and we believe EUFOR and NATO Headquarters Sarajevo – successors to SFOR – are essential in sustaining a safe and secure environment in Bosnia and Herzegovina, providing vital capacity-building to the government, and offering reassurance across ethnic lines that the international community is committed to the country’s stability.
We remain hopeful for the future of Bosnia and Herzegovina and we will continue to work with the international community and with the country’s institutions to encourage progress in each of these areas and to improve the lives of its citizens.
Thank you, Madame President.
A. ELIZABETH JONES MAKES REMARKS ON ATROCITIES IN LIBYA
FROM: U.S. STATE DEPARTMENT
A. Elizabeth Jones, Special Advisor
New York, NY
November 11, 2014
AS DELIVERED
Thank you, Mr. President. Thank you, Prosecutor Bensouda for – thanks to her for her informative briefing and for the ongoing work of her office to help end impunity for atrocity crimes committed in Libya.
When this Council decided in 2011 to refer the situation in Libya to the ICC, it stressed the importance of accountability. Even with Libya’s increasingly complex and unstable security situation, the call for accountability remains necessary.
Like Prosecutor Bensouda, we are alarmed by the growing number of atrocity crimes in Libya. These abuses and violations are laid out not only in the Prosecutor’s report, but also in the Secretary General’s September report to this Council and in a range of reports from civil society organizations and other observers on the ground. The United States condemns the recent surge in politically motivated killings, kidnappings, and other abuses, many of which appear calculated to silence and intimidate a wide range of actors, from politicians and journalists to human rights defenders and civil society organizations. Assassinations, violence, and the intimidation of judges, lawyers, and the judicial police resulted in the closure of courts in Benghazi, Sirte, and Derna, and the spread of coercion throughout the justice system.
Nevertheless, cooperation with the ICC remains critical. We welcome Libya’s continued coordination with the ICC’s Prosecutor and Registry, including with their memorandum of understanding and their approach to burden-sharing. We encourage Libya to continue to prioritize prosecutions that focus on those who bear the greatest responsibility for their crimes and to explore other accountability measures, such as those envisioned in Libya’s transitional justice law.
Libya and this Council have an interest in ensuring that the alleged perpetrators of atrocity crimes in Libya – including the ex-regime officials who are already the subject of ICC proceedings – are held to account, and that this is done in a way consistent with the rights of the defendants and Libya’s international obligations.
The United States continues to call on all parties to accept an immediate and comprehensive ceasefire that would allow for the political process to proceed, and to engage constructively in the UN-led political dialogue to resolve the ongoing crisis.
We are deeply concerned about the explosions near the meeting between Prime Minister Al Thinni and SRSG Leon this past Sunday, November 9th. While the circumstances of that event are unclear, we emphasize that the political process must continue despite the challenging circumstances in Libya, since only a political solution can pave the way for the country’s democratic transition. We support SRSG Leon’s continued commitment to achieving this goal through political consensus.
We urge neighboring countries to support the Libyan government through sustained and constructive engagement. We also support the implementation of this Council’s Resolution 2174, particularly its measures to address threats to Libya’s peace and stability or security. But Libya’s ability to navigate its many challenges – and to secure justice for the worst crimes against Libyan civilians – ultimately depends on the willingness of all parties to the conflict to put Libya’s future above their own narrow political and economic interests.
In conclusion, let me reiterate our thanks to Prosecutor Bensouda and her office for the work they have done to advance the cause of justice for the people of Libya.
Thank you, Mr. President.
A. Elizabeth Jones, Special Advisor
New York, NY
November 11, 2014
AS DELIVERED
Thank you, Mr. President. Thank you, Prosecutor Bensouda for – thanks to her for her informative briefing and for the ongoing work of her office to help end impunity for atrocity crimes committed in Libya.
When this Council decided in 2011 to refer the situation in Libya to the ICC, it stressed the importance of accountability. Even with Libya’s increasingly complex and unstable security situation, the call for accountability remains necessary.
Like Prosecutor Bensouda, we are alarmed by the growing number of atrocity crimes in Libya. These abuses and violations are laid out not only in the Prosecutor’s report, but also in the Secretary General’s September report to this Council and in a range of reports from civil society organizations and other observers on the ground. The United States condemns the recent surge in politically motivated killings, kidnappings, and other abuses, many of which appear calculated to silence and intimidate a wide range of actors, from politicians and journalists to human rights defenders and civil society organizations. Assassinations, violence, and the intimidation of judges, lawyers, and the judicial police resulted in the closure of courts in Benghazi, Sirte, and Derna, and the spread of coercion throughout the justice system.
Nevertheless, cooperation with the ICC remains critical. We welcome Libya’s continued coordination with the ICC’s Prosecutor and Registry, including with their memorandum of understanding and their approach to burden-sharing. We encourage Libya to continue to prioritize prosecutions that focus on those who bear the greatest responsibility for their crimes and to explore other accountability measures, such as those envisioned in Libya’s transitional justice law.
Libya and this Council have an interest in ensuring that the alleged perpetrators of atrocity crimes in Libya – including the ex-regime officials who are already the subject of ICC proceedings – are held to account, and that this is done in a way consistent with the rights of the defendants and Libya’s international obligations.
The United States continues to call on all parties to accept an immediate and comprehensive ceasefire that would allow for the political process to proceed, and to engage constructively in the UN-led political dialogue to resolve the ongoing crisis.
We are deeply concerned about the explosions near the meeting between Prime Minister Al Thinni and SRSG Leon this past Sunday, November 9th. While the circumstances of that event are unclear, we emphasize that the political process must continue despite the challenging circumstances in Libya, since only a political solution can pave the way for the country’s democratic transition. We support SRSG Leon’s continued commitment to achieving this goal through political consensus.
We urge neighboring countries to support the Libyan government through sustained and constructive engagement. We also support the implementation of this Council’s Resolution 2174, particularly its measures to address threats to Libya’s peace and stability or security. But Libya’s ability to navigate its many challenges – and to secure justice for the worst crimes against Libyan civilians – ultimately depends on the willingness of all parties to the conflict to put Libya’s future above their own narrow political and economic interests.
In conclusion, let me reiterate our thanks to Prosecutor Bensouda and her office for the work they have done to advance the cause of justice for the people of Libya.
Thank you, Mr. President.
REMARKS BY JUDITH E. HEUMANN ON INTERNATIONAL DISABILITY RIGHTS
FROM: U.S. STATE DEPARTMENT
Remarks at the High-level Meeting: Equal Access, Inclusive Development
Remarks
Judith E. Heumann
Special Advisor for International Disability Rights
As Prepared for Delivery During APEC Leaders' Week
Beijing, China
November 10, 2014
Thank you, and I would like to thank in particular the Chinese Disabled Persons’ Federation for hosting today’s event. It is a great honor to be with you today, at what I hope will be the start of a robust, substantive, and on-going dialogue on promoting truly equal access and inclusive development for persons with disabilities throughout APEC member economies. Achieving progress will require sustained engagement, and I would also like to congratulate China for its leadership in developing a Group of Friends to continue this important conversation in the months and years ahead.
I’d like to focus my remarks this morning on securing equal opportunities in education and employment for persons with disabilities. There is no denying that for our economies to achieve their full potential, we must draw upon the contributions of all our peoples, and this must include the fifteen or more percent of our populations that live with various forms of disabilities.
But before contemplating the path ahead, I want to take a moment to reflect upon the road the United States has traveled these last few decades. As a child, I, like more than 1 million other American children with disabilities, did not have the benefit of attending inclusive schools. Although access to quality education is critical to an individual’s future employment prospects, we were not allowed to attend school. I was nine years old before I went to school and even then I was placed in classes only for disabled children. Although I later attended university and earned my Bachelor’s degree, levels of inaccessibility prevalent at that time are no longer permitted in our universities. It was clear at that time in the 1950s that employment was not something our government anticipated we would have. When I applied for my first job as a teacher, I was initially denied my certification simply because I could not walk. I went to court and sued the Board of Education to obtain my certificate to teach, and finally did get a job teaching elementary school children.
Today, I am proud to say that such blatant forms of discrimination are no longer legal in the United States. With strong federal legislation and effective enforcement by the federal and state government agencies, a knowledgeable and active disability rights community playing a key role, and more than four decades of experience, Americans with all kinds of disabilities are attending educational institutions, including universities, and getting jobs in the public and private sector to a degree unprecedented in our history. However, that does not mean our work is done. Far from it. We now collect data on the unemployment rate of disabled people and know that the rate of unemployment for disabled people is higher than that of non-disabled people. We still have a long way to go to ensure that all persons with disabilities can enjoy meaningful careers, economic self-sufficiency for ourselves and our families, and the sense of purpose and self-worth that can come from work freely chosen, undertaken in workplaces that are respectful and support us in maximizing our contributions.
As recently noted by President Obama in his proclamation for our National Disability Employment Awareness Month, “When employees with disabilities are passed over in the workplace or denied fair accommodations, it limits their potential and threatens our democracy; when disproportionate numbers of Americans with disabilities remain unemployed, more work must be done to achieve the spirit of what is one of the most comprehensive civil rights bills in the history of our country;” the Americans with Disabilities Act (ADA).
This work begins with strong leadership by government, private sector, and civil society. The U.S. federal government has sought to be a leader in the employment arena by increasing the number of persons with disabilities within its own ranks. In 2010, President Obama issued Executive Order 13548, which calls upon federal government departments and agencies to improve recruitment, hiring, retention, and advancement of persons with disabilities. Government agencies developed plans and published statistics on progress toward achieving the goals of the Executive Order. In 2012, total permanent employment in the federal government for persons with disabilities had increased to 11.89%, with more people with disabilities in federal service both in real terms and by percentage than at any time in the past 32 years.
The key U.S. enforcement of disability rights protections in the workplace is carried out by the Equal Employment Opportunity Commission, the Department of Justice, and the Department of Labor. Together, these three agencies enforce federal laws that make it illegal to discriminate against qualified job applicants or employees because of those individuals’ disabilities, history of disability, appearance of disability, or association with someone with a disability. The law requires an employer to provide reasonable accommodation to an employee or job applicant with a disability, unless doing so would cause undue hardship for the employer. Reasonable accommodation means a modification to the work environment so a disabled person can perform his or her job. For example, provision of a sign language interpreter for someone who is deaf, an accessible bathroom for a wheelchair user, or screen reading software for someone who is blind. Our laws also prohibit employers from creating a hostile work environment for workers with disabilities and from retaliating against individuals who assert their legal rights.
In all of these areas, non-governmental disabled people’s organizations have been ever present in holding government accountable and pushing it to do better. The private business sector has also taken up the challenge of increasing employment opportunities for persons with disabilities. For example, the U.S. Business Leadership Network is a national disability organization that has over 60 affiliates across North America, representing over 5,000 employers. Such private sector initiatives help create workplaces, marketplaces, and supply chains where persons with disabilities are included and respected for their talents, abilities, and contributions.
I look forward to exploring how we can work together as APEC economies to improve development outcomes for persons with disabilities, including through enhanced legislative, enforcement, and programmatic initiatives to support equal access to education and employment opportunities for persons with disabilities. We have much to learn from each other, and everything to gain in building more inclusive societies, with workforces that benefit from the unique contributions of persons with disabilities.
Remarks at the High-level Meeting: Equal Access, Inclusive Development
Remarks
Judith E. Heumann
Special Advisor for International Disability Rights
As Prepared for Delivery During APEC Leaders' Week
Beijing, China
November 10, 2014
Thank you, and I would like to thank in particular the Chinese Disabled Persons’ Federation for hosting today’s event. It is a great honor to be with you today, at what I hope will be the start of a robust, substantive, and on-going dialogue on promoting truly equal access and inclusive development for persons with disabilities throughout APEC member economies. Achieving progress will require sustained engagement, and I would also like to congratulate China for its leadership in developing a Group of Friends to continue this important conversation in the months and years ahead.
I’d like to focus my remarks this morning on securing equal opportunities in education and employment for persons with disabilities. There is no denying that for our economies to achieve their full potential, we must draw upon the contributions of all our peoples, and this must include the fifteen or more percent of our populations that live with various forms of disabilities.
But before contemplating the path ahead, I want to take a moment to reflect upon the road the United States has traveled these last few decades. As a child, I, like more than 1 million other American children with disabilities, did not have the benefit of attending inclusive schools. Although access to quality education is critical to an individual’s future employment prospects, we were not allowed to attend school. I was nine years old before I went to school and even then I was placed in classes only for disabled children. Although I later attended university and earned my Bachelor’s degree, levels of inaccessibility prevalent at that time are no longer permitted in our universities. It was clear at that time in the 1950s that employment was not something our government anticipated we would have. When I applied for my first job as a teacher, I was initially denied my certification simply because I could not walk. I went to court and sued the Board of Education to obtain my certificate to teach, and finally did get a job teaching elementary school children.
Today, I am proud to say that such blatant forms of discrimination are no longer legal in the United States. With strong federal legislation and effective enforcement by the federal and state government agencies, a knowledgeable and active disability rights community playing a key role, and more than four decades of experience, Americans with all kinds of disabilities are attending educational institutions, including universities, and getting jobs in the public and private sector to a degree unprecedented in our history. However, that does not mean our work is done. Far from it. We now collect data on the unemployment rate of disabled people and know that the rate of unemployment for disabled people is higher than that of non-disabled people. We still have a long way to go to ensure that all persons with disabilities can enjoy meaningful careers, economic self-sufficiency for ourselves and our families, and the sense of purpose and self-worth that can come from work freely chosen, undertaken in workplaces that are respectful and support us in maximizing our contributions.
As recently noted by President Obama in his proclamation for our National Disability Employment Awareness Month, “When employees with disabilities are passed over in the workplace or denied fair accommodations, it limits their potential and threatens our democracy; when disproportionate numbers of Americans with disabilities remain unemployed, more work must be done to achieve the spirit of what is one of the most comprehensive civil rights bills in the history of our country;” the Americans with Disabilities Act (ADA).
This work begins with strong leadership by government, private sector, and civil society. The U.S. federal government has sought to be a leader in the employment arena by increasing the number of persons with disabilities within its own ranks. In 2010, President Obama issued Executive Order 13548, which calls upon federal government departments and agencies to improve recruitment, hiring, retention, and advancement of persons with disabilities. Government agencies developed plans and published statistics on progress toward achieving the goals of the Executive Order. In 2012, total permanent employment in the federal government for persons with disabilities had increased to 11.89%, with more people with disabilities in federal service both in real terms and by percentage than at any time in the past 32 years.
The key U.S. enforcement of disability rights protections in the workplace is carried out by the Equal Employment Opportunity Commission, the Department of Justice, and the Department of Labor. Together, these three agencies enforce federal laws that make it illegal to discriminate against qualified job applicants or employees because of those individuals’ disabilities, history of disability, appearance of disability, or association with someone with a disability. The law requires an employer to provide reasonable accommodation to an employee or job applicant with a disability, unless doing so would cause undue hardship for the employer. Reasonable accommodation means a modification to the work environment so a disabled person can perform his or her job. For example, provision of a sign language interpreter for someone who is deaf, an accessible bathroom for a wheelchair user, or screen reading software for someone who is blind. Our laws also prohibit employers from creating a hostile work environment for workers with disabilities and from retaliating against individuals who assert their legal rights.
In all of these areas, non-governmental disabled people’s organizations have been ever present in holding government accountable and pushing it to do better. The private business sector has also taken up the challenge of increasing employment opportunities for persons with disabilities. For example, the U.S. Business Leadership Network is a national disability organization that has over 60 affiliates across North America, representing over 5,000 employers. Such private sector initiatives help create workplaces, marketplaces, and supply chains where persons with disabilities are included and respected for their talents, abilities, and contributions.
I look forward to exploring how we can work together as APEC economies to improve development outcomes for persons with disabilities, including through enhanced legislative, enforcement, and programmatic initiatives to support equal access to education and employment opportunities for persons with disabilities. We have much to learn from each other, and everything to gain in building more inclusive societies, with workforces that benefit from the unique contributions of persons with disabilities.
FTC APPROVES 2 FINAL ORDERS IN CASE INVOLVING CAFFEINE-INFUSED SHAPEWEAR UNDERGARMENTS
FROM: U.S. FEDERAL TRADE COMMISSION
FTC Approves Final Orders Banning Two Companies From Making Unsubstantiated Slimming Claims for Shapewear Undergarments
Following a public comment period, the Federal Trade Commission has approved two final orders settling charges that two companies, Norm Thompson Outfitters. Inc., and Wacoal America, Inc., misled consumers regarding the ability of their caffeine-infused shapewear undergarments to reshape the wearer’s body and reduce cellulite.
According to the FTC’s complaints, announced in September, the two companies’ marketing claims for their caffeine-infused products were false and not substantiated by scientific evidence.
In settling the charges, the companies are banned from claiming that any garment that contains any drug or cosmetic causes substantial weight or fat loss or a substantial reduction in body size. The companies also are prohibited from making claims that any drug or cosmetic reduces or eliminates cellulite or reduces body fat, unless they are not misleading and can be substantiated by competent and reliable scientific evidence.
The final orders also require the companies to pay $230,000 and $1.3 million, respectively, that the FTC can use to provide refunds to consumers.
The Commission vote approving each final consent order was 5-0.
FTC Approves Final Orders Banning Two Companies From Making Unsubstantiated Slimming Claims for Shapewear Undergarments
Following a public comment period, the Federal Trade Commission has approved two final orders settling charges that two companies, Norm Thompson Outfitters. Inc., and Wacoal America, Inc., misled consumers regarding the ability of their caffeine-infused shapewear undergarments to reshape the wearer’s body and reduce cellulite.
According to the FTC’s complaints, announced in September, the two companies’ marketing claims for their caffeine-infused products were false and not substantiated by scientific evidence.
In settling the charges, the companies are banned from claiming that any garment that contains any drug or cosmetic causes substantial weight or fat loss or a substantial reduction in body size. The companies also are prohibited from making claims that any drug or cosmetic reduces or eliminates cellulite or reduces body fat, unless they are not misleading and can be substantiated by competent and reliable scientific evidence.
The final orders also require the companies to pay $230,000 and $1.3 million, respectively, that the FTC can use to provide refunds to consumers.
The Commission vote approving each final consent order was 5-0.
WHITE HOUSE FACT SHEET: JOB GROWTH THROUGH U.S./CHINA VISA VALIDITY
FROM: THE WHITE HOUSE
November 10, 2014
FACT SHEET: Supporting American Job Growth And Strengthening Ties By Extending U.S./China Visa Validity for Tourists, Business Travelers, and Students
Today, President Obama announced that the United States and the People’s Republic of China are concluding a reciprocal visa validity arrangement during his visit that will strengthen our ever-broadening economic and people-to-people ties. Both countries have agreed to increase the validity of short-term tourist and business visas issued to each other’s citizens from one to ten years – the longest validity possible under U.S. law – and increase the validity of student and exchange visas from one to five years. The United States will begin issuing visas in accordance with the new reciprocal agreement on November 12, 2014.
This arrangement will improve trade, investment, and business ties by facilitating travel and offering easier access to both economies. Extended validity visas for students and exchange visitors will boost the bonds between our two peoples and facilitate travel for outstanding students from around the world who attend U.S. institutions of higher education. As a result of this arrangement, the United States hopes to welcome a growing share of eligible Chinese travelers, inject billions in the U.S. economy and create enough demand to support hundreds of thousands of additional U.S. jobs. Travelers will continue to be subject to all the same legal and security reviews that currently apply to visa applicants.
Welcoming a Growing Share of Chinese Travelers.
China is the fastest-growing outbound tourism market in the world, and in 2013, 1.8 million Chinese travelers visited the United States, contributing $21.1 billion to the U.S. economy and supporting more than 109,000 American jobs.
Chinese travelers consistently rank the United States as their most-desired travel destination, yet less than 2 percent of total Chinese travelers come to the United States.
Chinese travelers cite ease of visa policies as the second most important factor in deciding where to travel, behind only cost.
A competitive visa policy will help us meet projections that suggest as many as 7.3 million Chinese travelers will come to the United States by 2021, contributing nearly $85 billion a year to the economy and supporting up to 440,000 U.S. jobs.
Strengthening Bonds Between Chinese and American Students.
28 percent of all foreign students and exchange visitors in the United States originate from China.
Chinese students in the United States spent $8 billion in 2013, an increase of nearly 24 percent over the previous year.
Today’s arrangement will allow American and Chinese students to more easily travel back and forth, making foreign study a more attractive option, increasing opportunities for people-to-people ties, and boosting mutual understanding.
Extending Visa Validity to Increase the Number of Chinese Travelers Coming to the United States and Support American Jobs
Today, the President is taking action to welcome more Chinese visitors to the United States, in order to support America’s most important and largest services export – tourism. Chinese travelers persistently rank the United States as their top desired travel destination, but only slightly more than 1.8 percent of total outbound travelers go to the United States. Chinese travelers cite ease of visa policies as the second most important factor in deciding where to travel, behind only cost. A competitive visa policy is needed to secure our place as the chosen destination for millions of Chinese travelers.
Travel and tourism is a major driver of the U.S. economy and we have made significant progress in improving our visa processing. In 2013, nearly 70 million international travelers visited the United States, experiencing all that America has to offer from our cities to our many national parks. Those visits support nearly 1.1 million American jobs – including thousands at local and small businesses. Growth in international visitors has created roughly 260,000 American jobs over the past five years alone. The Administration has taken steps to support this impressive growth, including improving visa processing waiting periods in important markets like China where they have dropped from as high as several months to less than five days on average. In total, the State Department issued 9.2 million visas worldwide in 2013, up 42 percent since 2010.
Global growth of outbound travel from China represents an unprecedented opportunity to foster job creation across the country. China is the fastest growing outbound tourism market in the world, and Chinese visitors have accounted for 20 percent of the growth in overseas travel to the United States since 2008. In 2013, 1.8 million Chinese travelers visited the United States, contributing $21.1 billion to the U.S. economy and supporting more than 109,000 U.S. jobs. As incomes in China continue to rise, the number of Chinese citizens able to afford international travel and tourism is projected to more than double over the next few years, reaching the hundreds of millions. Close to 7.3 million Chinese are projected to travel to the United States by 2021, contributing nearly $85 billion a year to the economy and supporting 440,000 jobs. But if our visa policy were allowed to fall behind other countries, we might miss out on much of this additional economic activity.
The United States must continue to maintain a competitive advantage in the global business arena. Extending visa validity will bring the United States into line or surpass other destinations that have already eased visa restrictions for Chinese travelers such as the United Kingdom, Canada, and Japan. The European Commission, France, Germany, and Italy are also taking steps to extend visa validity to Chinese travelers. Today’s announcement will allow more Chinese to make the United States their destination of choice.
Increasing business travel will support the President’s goal of increasing exports. Increasing visa validity for U.S. citizens traveling to China makes it easier to respond to market and commercial opportunities in China, helping to boost U.S. exports, foster increased trade ties, and improve commercial linkages between U.S. and Chinese firms. In the near term, extending visa validity for Chinese business travelers will also help meet the President’s SelectUSA goal of boosting inward investment into the United States as the U.S. travel and tourism industry commits to making upfront investments in new hotels and other infrastructure in anticipation of a rise in Chinese inbound travel.
Strengthening Tourism and Education Opportunities by Enhancing Student Visas
Chinese student and exchange visitors represent 30 percent of all such visas issued worldwide, with Chinese nationals comprising the largest group of foreign students in the United States. Students, exchange visitors, and their dependents may now receive multiple-entry visas valid for up to five years, depending on their program. This will allow American and Chinese students to more easily travel back and forth, making foreign study a more attractive option, increasing opportunities for people-to-people ties, and boosting mutual understanding.
November 10, 2014
FACT SHEET: Supporting American Job Growth And Strengthening Ties By Extending U.S./China Visa Validity for Tourists, Business Travelers, and Students
Today, President Obama announced that the United States and the People’s Republic of China are concluding a reciprocal visa validity arrangement during his visit that will strengthen our ever-broadening economic and people-to-people ties. Both countries have agreed to increase the validity of short-term tourist and business visas issued to each other’s citizens from one to ten years – the longest validity possible under U.S. law – and increase the validity of student and exchange visas from one to five years. The United States will begin issuing visas in accordance with the new reciprocal agreement on November 12, 2014.
This arrangement will improve trade, investment, and business ties by facilitating travel and offering easier access to both economies. Extended validity visas for students and exchange visitors will boost the bonds between our two peoples and facilitate travel for outstanding students from around the world who attend U.S. institutions of higher education. As a result of this arrangement, the United States hopes to welcome a growing share of eligible Chinese travelers, inject billions in the U.S. economy and create enough demand to support hundreds of thousands of additional U.S. jobs. Travelers will continue to be subject to all the same legal and security reviews that currently apply to visa applicants.
Welcoming a Growing Share of Chinese Travelers.
China is the fastest-growing outbound tourism market in the world, and in 2013, 1.8 million Chinese travelers visited the United States, contributing $21.1 billion to the U.S. economy and supporting more than 109,000 American jobs.
Chinese travelers consistently rank the United States as their most-desired travel destination, yet less than 2 percent of total Chinese travelers come to the United States.
Chinese travelers cite ease of visa policies as the second most important factor in deciding where to travel, behind only cost.
A competitive visa policy will help us meet projections that suggest as many as 7.3 million Chinese travelers will come to the United States by 2021, contributing nearly $85 billion a year to the economy and supporting up to 440,000 U.S. jobs.
Strengthening Bonds Between Chinese and American Students.
28 percent of all foreign students and exchange visitors in the United States originate from China.
Chinese students in the United States spent $8 billion in 2013, an increase of nearly 24 percent over the previous year.
Today’s arrangement will allow American and Chinese students to more easily travel back and forth, making foreign study a more attractive option, increasing opportunities for people-to-people ties, and boosting mutual understanding.
Extending Visa Validity to Increase the Number of Chinese Travelers Coming to the United States and Support American Jobs
Today, the President is taking action to welcome more Chinese visitors to the United States, in order to support America’s most important and largest services export – tourism. Chinese travelers persistently rank the United States as their top desired travel destination, but only slightly more than 1.8 percent of total outbound travelers go to the United States. Chinese travelers cite ease of visa policies as the second most important factor in deciding where to travel, behind only cost. A competitive visa policy is needed to secure our place as the chosen destination for millions of Chinese travelers.
Travel and tourism is a major driver of the U.S. economy and we have made significant progress in improving our visa processing. In 2013, nearly 70 million international travelers visited the United States, experiencing all that America has to offer from our cities to our many national parks. Those visits support nearly 1.1 million American jobs – including thousands at local and small businesses. Growth in international visitors has created roughly 260,000 American jobs over the past five years alone. The Administration has taken steps to support this impressive growth, including improving visa processing waiting periods in important markets like China where they have dropped from as high as several months to less than five days on average. In total, the State Department issued 9.2 million visas worldwide in 2013, up 42 percent since 2010.
Global growth of outbound travel from China represents an unprecedented opportunity to foster job creation across the country. China is the fastest growing outbound tourism market in the world, and Chinese visitors have accounted for 20 percent of the growth in overseas travel to the United States since 2008. In 2013, 1.8 million Chinese travelers visited the United States, contributing $21.1 billion to the U.S. economy and supporting more than 109,000 U.S. jobs. As incomes in China continue to rise, the number of Chinese citizens able to afford international travel and tourism is projected to more than double over the next few years, reaching the hundreds of millions. Close to 7.3 million Chinese are projected to travel to the United States by 2021, contributing nearly $85 billion a year to the economy and supporting 440,000 jobs. But if our visa policy were allowed to fall behind other countries, we might miss out on much of this additional economic activity.
The United States must continue to maintain a competitive advantage in the global business arena. Extending visa validity will bring the United States into line or surpass other destinations that have already eased visa restrictions for Chinese travelers such as the United Kingdom, Canada, and Japan. The European Commission, France, Germany, and Italy are also taking steps to extend visa validity to Chinese travelers. Today’s announcement will allow more Chinese to make the United States their destination of choice.
Increasing business travel will support the President’s goal of increasing exports. Increasing visa validity for U.S. citizens traveling to China makes it easier to respond to market and commercial opportunities in China, helping to boost U.S. exports, foster increased trade ties, and improve commercial linkages between U.S. and Chinese firms. In the near term, extending visa validity for Chinese business travelers will also help meet the President’s SelectUSA goal of boosting inward investment into the United States as the U.S. travel and tourism industry commits to making upfront investments in new hotels and other infrastructure in anticipation of a rise in Chinese inbound travel.
Strengthening Tourism and Education Opportunities by Enhancing Student Visas
Chinese student and exchange visitors represent 30 percent of all such visas issued worldwide, with Chinese nationals comprising the largest group of foreign students in the United States. Students, exchange visitors, and their dependents may now receive multiple-entry visas valid for up to five years, depending on their program. This will allow American and Chinese students to more easily travel back and forth, making foreign study a more attractive option, increasing opportunities for people-to-people ties, and boosting mutual understanding.
Wednesday, November 12, 2014
PRESIDENT OBAMA'S TOAST REMARKS IN LUNCHEON WITH CHINESE PRESIDENT XI
FROM: THE WHITE HOUSE
November 12, 2014
Toast Remarks by President Obama in Luncheon with President Xi of China
Great Hall of the People
Beijing, China
PRESIDENT OBAMA: President Xi, distinguished guests, ladies and gentlemen -- thank you for your extraordinary hospitality and the honor of this state visit, which is a reflection of the deep ties between our countries and our peoples.
I’m told that one of your great Chinese authors once wrote, “Originally there was no path, but after many people travel a certain way, a path is forged.”
Thirty-five years ago, our two nations established diplomatic relations. Since then, many people -- Chinese and Americans -- have travelled between us. Business people, tourists, students and teachers, scientists and researchers. And as a result, a new path has been forged.
Among those who traveled that path was President Xi, who on an exchange program as a younger man visited our state of Iowa and stayed with a local family. Mr. President, as a result of the ties you forged then, families in Iowa still welcome young men and women from China into their homes and communities.
That path has also been traveled by my wife Michelle and our two daughters, who visited China earlier this year. As I was on my visit five years ago, they were deeply moved by the history and majesty of this nation and its people. And Michelle even tried her hand at tai chi.
Now, this path is being walked in new ways. We recently witnessed an inspiring sight -- a Chinese plane landing in Liberia with supplies to fight Ebola, and it was unloaded by Chinese and Americans and Liberians, working together, shoulder to shoulder. And today we showed that we can bring that same spirit to bear as leaders in the fight against climate change.
In closing, I’d like to recall a Chinese saying that reflects this spirit of possibility -- nothing is too difficult, as long as people have resolve. And so I propose a toast -- to our people and the resolve we share, I wish the best of health to President Xi, his family, and the people of China, may we continue to walk the path of friendship and cooperation for the benefit of ourselves and for the world. Ganbei.
(A toast is given.)
November 12, 2014
Toast Remarks by President Obama in Luncheon with President Xi of China
Great Hall of the People
Beijing, China
PRESIDENT OBAMA: President Xi, distinguished guests, ladies and gentlemen -- thank you for your extraordinary hospitality and the honor of this state visit, which is a reflection of the deep ties between our countries and our peoples.
I’m told that one of your great Chinese authors once wrote, “Originally there was no path, but after many people travel a certain way, a path is forged.”
Thirty-five years ago, our two nations established diplomatic relations. Since then, many people -- Chinese and Americans -- have travelled between us. Business people, tourists, students and teachers, scientists and researchers. And as a result, a new path has been forged.
Among those who traveled that path was President Xi, who on an exchange program as a younger man visited our state of Iowa and stayed with a local family. Mr. President, as a result of the ties you forged then, families in Iowa still welcome young men and women from China into their homes and communities.
That path has also been traveled by my wife Michelle and our two daughters, who visited China earlier this year. As I was on my visit five years ago, they were deeply moved by the history and majesty of this nation and its people. And Michelle even tried her hand at tai chi.
Now, this path is being walked in new ways. We recently witnessed an inspiring sight -- a Chinese plane landing in Liberia with supplies to fight Ebola, and it was unloaded by Chinese and Americans and Liberians, working together, shoulder to shoulder. And today we showed that we can bring that same spirit to bear as leaders in the fight against climate change.
In closing, I’d like to recall a Chinese saying that reflects this spirit of possibility -- nothing is too difficult, as long as people have resolve. And so I propose a toast -- to our people and the resolve we share, I wish the best of health to President Xi, his family, and the people of China, may we continue to walk the path of friendship and cooperation for the benefit of ourselves and for the world. Ganbei.
(A toast is given.)
LETTER TO CONGRESS REGARDING CONTINUATION OF NATIONAL EMERGENCY WITH RESPECT TO IRAN
FROM: THE WHITE HOUSE
November 12, 2014
Letter - Continuation of the National Emergency With Respect to Iran
TO THE CONGRESS OF THE UNITED STATES:
Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), provides for the automatic termination of a national emergency unless, within 90 days prior to the anniversary date of its declaration, the President publishes in the Federal Register and transmits to the Congress a notice stating that the emergency is to continue in effect beyond the anniversary date. In accordance with this provision, I have sent to the Federal Register for publication the enclosed notice stating that the national emergency with respect to Iran that was declared in Executive Order 12170 of November 14, 1979, is to continue in effect beyond November 14, 2014.
Because our relations with Iran have not yet returned to normal, and the process of implementing the agreements with Iran, dated January 19, 1981, is still under way, I have determined that it is necessary to continue the national emergency declared in Executive Order 12170 with respect to Iran.
BARACK OBAMA
November 12, 2014
Letter - Continuation of the National Emergency With Respect to Iran
TO THE CONGRESS OF THE UNITED STATES:
Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), provides for the automatic termination of a national emergency unless, within 90 days prior to the anniversary date of its declaration, the President publishes in the Federal Register and transmits to the Congress a notice stating that the emergency is to continue in effect beyond the anniversary date. In accordance with this provision, I have sent to the Federal Register for publication the enclosed notice stating that the national emergency with respect to Iran that was declared in Executive Order 12170 of November 14, 1979, is to continue in effect beyond November 14, 2014.
Because our relations with Iran have not yet returned to normal, and the process of implementing the agreements with Iran, dated January 19, 1981, is still under way, I have determined that it is necessary to continue the national emergency declared in Executive Order 12170 with respect to Iran.
BARACK OBAMA
U.S. DOD PHOTOS: LIVE-FIRE NIGHT EXERCISE
FROM: U.S. DEFENSE DEPARTMENT
Soldiers coordinate their attack during a live-fire exercise on Joint Base Elmendorf-Richardson, Alaska, Nov. 4, 2014. U.S. Air Force photo by Justin Connaher. |
An Army sniper, left, and his spotter acquire targets during a live-fire exercise on Joint Base Elmendorf-Richardson, Alaska, Nov. 4, 2014. U.S. Air Force photo by Justin Connaher. |
SECRETARY HAGEL REFLECTS ON VIETNAM WAR DURING VETERANS DAY SPEECH
FROM: U.S. DEFENSE DEPARTMENT
Hagel Says Vietnam Wall Teaches Sacrifice, Need for Questioning Policies
By Jim Garamone
DoD News, Defense Media Activity
WASHINGTON, Nov. 11, 2014 – The Vietnam War Memorial teaches Americans to honor those who sacrificed, but also to be honest and to question the policies that send Americans to war, Defense Secretary Chuck Hagel said today.
Hagel served as an Army sergeant in the 9th Infantry Division during the war and spoke at the Wall today about the meaning of the memorial.
The secretary spoke about his first Veterans Day as a veteran in Omaha, Nebraska. “I’ve always remembered that Veterans Day in 1969, because it reminded me of the one constant throughout the Vietnam War – the uncommon valor of common Americans from every corner of our country,” he said. “They were the quiet heroes of our time. Some of these veterans are here today, and the names of many more are memorialized on the Wall behind us.”
The Wall lists the names of the more than 58,000 Americans killed during the war. Those looking at the names also see the reflections of themselves.
“As it records the names of the past, and reflects our hopes for the future, it also offers a reminder – a message that carries across generations: The Wall reminds us to honor those who defend our country – from making sure they’re treated with the dignity, respect, and appreciation they deserve, to caring for those who return home with visible – and invisible – wounds of war,” Hagel said.
No matter when, where or what war, the United States has “a sacred responsibility” to care for and honor those who sacrificed, the secretary said.
The Wall also reminds Americans to be honest. “There is nothing to be gained by glossing over the darker portions of a war that bitterly divided America,” Hagel said. “We must openly acknowledge past mistakes, and learn from them, because that is how we avoid repeating them.”
The Wall reminds Americans to not take security for granted, and that “we must always question our policies that send our citizens to war, because our nation’s policies must always be worthy of the sacrifices we ask of the men and women who defend our country,” he said.
As secretary, Hagel has a private lunch each month with junior enlisted personnel. “What they tell me – and what every American should know – is that today’s service members don’t want to be glorified or given special treatment,” he said. “The entire 9/11 generation volunteered to serve at a time of war, and they have a strong desire to continue making a difference in the world.”
These men and women want to continue to serve even after leaving the military, he said. “They don’t need a hand-out or a hand-up – they just want the opportunity to continue proving themselves,” Hagel said. “It falls on us to make sure they get that opportunity – the opportunity that too many veterans were denied in the past.”
Hagel called on all Americans to honor veterans by “creating new opportunities for them to contribute after their service in uniform, so they can continue to help make a better world. America is forever grateful for their service to our country.”
Hagel Says Vietnam Wall Teaches Sacrifice, Need for Questioning Policies
By Jim Garamone
DoD News, Defense Media Activity
WASHINGTON, Nov. 11, 2014 – The Vietnam War Memorial teaches Americans to honor those who sacrificed, but also to be honest and to question the policies that send Americans to war, Defense Secretary Chuck Hagel said today.
Hagel served as an Army sergeant in the 9th Infantry Division during the war and spoke at the Wall today about the meaning of the memorial.
The secretary spoke about his first Veterans Day as a veteran in Omaha, Nebraska. “I’ve always remembered that Veterans Day in 1969, because it reminded me of the one constant throughout the Vietnam War – the uncommon valor of common Americans from every corner of our country,” he said. “They were the quiet heroes of our time. Some of these veterans are here today, and the names of many more are memorialized on the Wall behind us.”
The Wall lists the names of the more than 58,000 Americans killed during the war. Those looking at the names also see the reflections of themselves.
“As it records the names of the past, and reflects our hopes for the future, it also offers a reminder – a message that carries across generations: The Wall reminds us to honor those who defend our country – from making sure they’re treated with the dignity, respect, and appreciation they deserve, to caring for those who return home with visible – and invisible – wounds of war,” Hagel said.
No matter when, where or what war, the United States has “a sacred responsibility” to care for and honor those who sacrificed, the secretary said.
The Wall also reminds Americans to be honest. “There is nothing to be gained by glossing over the darker portions of a war that bitterly divided America,” Hagel said. “We must openly acknowledge past mistakes, and learn from them, because that is how we avoid repeating them.”
The Wall reminds Americans to not take security for granted, and that “we must always question our policies that send our citizens to war, because our nation’s policies must always be worthy of the sacrifices we ask of the men and women who defend our country,” he said.
As secretary, Hagel has a private lunch each month with junior enlisted personnel. “What they tell me – and what every American should know – is that today’s service members don’t want to be glorified or given special treatment,” he said. “The entire 9/11 generation volunteered to serve at a time of war, and they have a strong desire to continue making a difference in the world.”
These men and women want to continue to serve even after leaving the military, he said. “They don’t need a hand-out or a hand-up – they just want the opportunity to continue proving themselves,” Hagel said. “It falls on us to make sure they get that opportunity – the opportunity that too many veterans were denied in the past.”
Hagel called on all Americans to honor veterans by “creating new opportunities for them to contribute after their service in uniform, so they can continue to help make a better world. America is forever grateful for their service to our country.”
A.G. HOLDER'S STATEMENT ON PASSING OF JOHN DOAR
FROM: U.S. JUSTICE DEPARTMENT
FOR IMMEDIATE RELEASE
Tuesday, November 11, 2014
Attorney General Holder Statement on the Passing of Civil Rights Leader John Doar
Attorney General Eric Holder released the following statement Tuesday on the passing of civil rights leader John Doar:
"John Doar was a giant in the history of the Civil Rights movement, a courageous advocate for those who suffered discrimination, and a true champion of justice and equality over the course of many decades devoted to improving the country he loved so dearly.
"From Selma, to Montgomery, to the campus of Ole Miss, he stood with pioneers, rode with Freedom Riders, and marched with those who called for nothing more – and nothing less – than the rights which were theirs under the Constitution. At a time when America's cities rioted – and Mississippi burned – he was never far from the front lines of this momentous struggle, leading efforts to overturn an unjust status quo and striving to achieve justice for civil rights workers who were senselessly murdered.
"Brave but unassuming, passionate but unbiased, he repeatedly risked his life to preserve the rule of law and stand up for that which was right. He was one of the greatest leaders the Justice Department's Civil Rights Division has ever known. And during a period of great national turmoil and transformative change, alongside countless other leaders and seemingly-ordinary citizens, he helped usher in a brighter dawn, and build a better future, for everyone in this country.
"I have always regarded John Doar as a personal hero and an embodiment of what it means to be a public servant. In so many ways, he defined what is best about the Department he served so faithfully during one of its golden eras – proving every day, by word and by deed, that the law can be a strong, deft instrument of lasting, positive change.
"I was deeply saddened to learn of John Doar's passing, and I join President Obama and others throughout the nation in extending my deep condolences to his family and friends. Although he will be sorely missed, we vow today that his vital work will go on – and his contributions, and shining example, will not merely endure; they will continue to push us forward."
FOR IMMEDIATE RELEASE
Tuesday, November 11, 2014
Attorney General Holder Statement on the Passing of Civil Rights Leader John Doar
Attorney General Eric Holder released the following statement Tuesday on the passing of civil rights leader John Doar:
"John Doar was a giant in the history of the Civil Rights movement, a courageous advocate for those who suffered discrimination, and a true champion of justice and equality over the course of many decades devoted to improving the country he loved so dearly.
"From Selma, to Montgomery, to the campus of Ole Miss, he stood with pioneers, rode with Freedom Riders, and marched with those who called for nothing more – and nothing less – than the rights which were theirs under the Constitution. At a time when America's cities rioted – and Mississippi burned – he was never far from the front lines of this momentous struggle, leading efforts to overturn an unjust status quo and striving to achieve justice for civil rights workers who were senselessly murdered.
"Brave but unassuming, passionate but unbiased, he repeatedly risked his life to preserve the rule of law and stand up for that which was right. He was one of the greatest leaders the Justice Department's Civil Rights Division has ever known. And during a period of great national turmoil and transformative change, alongside countless other leaders and seemingly-ordinary citizens, he helped usher in a brighter dawn, and build a better future, for everyone in this country.
"I have always regarded John Doar as a personal hero and an embodiment of what it means to be a public servant. In so many ways, he defined what is best about the Department he served so faithfully during one of its golden eras – proving every day, by word and by deed, that the law can be a strong, deft instrument of lasting, positive change.
"I was deeply saddened to learn of John Doar's passing, and I join President Obama and others throughout the nation in extending my deep condolences to his family and friends. Although he will be sorely missed, we vow today that his vital work will go on – and his contributions, and shining example, will not merely endure; they will continue to push us forward."
EXPORT-IMPORT BANK SUPPORTS VET-OWNED BUSINESSES
FROM: U.S. EXPORT-IMPORT BANK
Ex-Im Bank Supports Veteran-Owned Businesses as they Export Products Abroad and Support Jobs at Home
Washington, D.C. – As Veterans Day approaches, the Export-Import Bank of the U.S. remains proud to support veterans across all of the branches who continue to serve the nation by exporting quality, made-in-America goods and services abroad, while creating more jobs in local communities across the country.
“Veterans Day—as well as the Marines’ birthday on November 10th—affords us a wonderful opportunity to thank our veterans for their service, and to reaffirm our support for veteran-owned businesses as they seek out opportunities in the global marketplace,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “Those who bravely served our country, and returned home to start and run businesses, deserve to have reliable support standing behind them as they sell quality products and promote American economic leadership overseas—and Ex-Im Bank is proud to be a part of that support for countless veteran-owned businesses.”
The following veteran-owned small business success stories underscore the commitment the Bank has made to ensuring that those who sacrificed for this country are supported in turn. Ex-Im equips these businesses with the financing support needed to grow, win sales in global markets, and create good-paying American jobs.
Jeco Plastic Products, headquartered in Plainfield, Ind., sells custom high-tolerance pallets to customers abroad.
Jeco opened for business in 1973, but it did not start exporting until joining forces with Ex-Im Bank in 1999. Since then, Jeco has shipped products to Germany, Austria, Japan, Mexico, and Canada, among others. The export growth, in turn, has led to the creation of 23 jobs and could very well lead to the creation of 27 more over the next two years. Approximately 65 percent of company sales are export related.
“Jeco has grown 300 percent since we started using Ex-Im Bank so we could offer open account terms to overseas customers,” said Craig Carson, owner and CEO of Jeco. “We anticipate an additional 300 percent growth from our existing base if we continue to have Ex-Im Bank support. We have routinely displaced low-cost alternatives from competitors in China on the basis of technology and kept the production base in the U.S. We could not have done this without Ex-Im Bank, and probably would not have survived the downturn in 2008 and 2009.”
Carson graduated from the U.S. Military Academy in 1968 and commanded an airborne infantry company in Vietnam.
Energy International Corporation (EIC), based in Canton, Mich., exports a variety of products that includes HVAC (Heating, Ventilating, and Air Conditioning) electromechanical components, cooling towers, fire and smoke curtains, fire dampers, and industrial plumbing.
The company was founded in 1979 by Dr. Nassib Fawaz, a U.S. Army veteran, to meet a need for HVAC and electromechanical components for construction projects in the Middle East. Today the company employs 170 people, 18 of whom work in the company’s Canton office.
Since it started using Ex-Im Bank products in 1985, EIC has transacted more than $100 million in business over the years. Total revenue in 2013 amounted to nearly $15.7 million, and exports accounted for all of it.
“Plain and simple, without Ex-Im Bank we would not have been able to finance our export receivables,” said Fawaz. “Our sales have expanded by more than 100 percent since receiving Ex-Im Bank support.”
Surface Armor, a small business based in Rockwall, Texas, exports temporary surface protection films and tapes.
Founded in 2005 by a service disabled veteran who had served for seven years in the U.S. Air Force, the company now employs eight people. Since taking advantage of Ex-Im Bank financing in 2014, the company, which previously exported to Brazil, Peru, Mexico, and Europe, has expanded its export reach to China. Due to Ex-Im Bank’s support, annual sales have grown by more than $100,000.
“Without credit insurance coverage from Ex-Im Bank, we would not have been able to provide credit terms to customers in China and would not gotten that business,” said Rick Pietrykowski, owner of Surface Armor. “Previously we could not offer foreign buyers favorable credit terms.”
Ex-Im Bank Supports Veteran-Owned Businesses as they Export Products Abroad and Support Jobs at Home
Washington, D.C. – As Veterans Day approaches, the Export-Import Bank of the U.S. remains proud to support veterans across all of the branches who continue to serve the nation by exporting quality, made-in-America goods and services abroad, while creating more jobs in local communities across the country.
“Veterans Day—as well as the Marines’ birthday on November 10th—affords us a wonderful opportunity to thank our veterans for their service, and to reaffirm our support for veteran-owned businesses as they seek out opportunities in the global marketplace,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “Those who bravely served our country, and returned home to start and run businesses, deserve to have reliable support standing behind them as they sell quality products and promote American economic leadership overseas—and Ex-Im Bank is proud to be a part of that support for countless veteran-owned businesses.”
The following veteran-owned small business success stories underscore the commitment the Bank has made to ensuring that those who sacrificed for this country are supported in turn. Ex-Im equips these businesses with the financing support needed to grow, win sales in global markets, and create good-paying American jobs.
Jeco Plastic Products, headquartered in Plainfield, Ind., sells custom high-tolerance pallets to customers abroad.
Jeco opened for business in 1973, but it did not start exporting until joining forces with Ex-Im Bank in 1999. Since then, Jeco has shipped products to Germany, Austria, Japan, Mexico, and Canada, among others. The export growth, in turn, has led to the creation of 23 jobs and could very well lead to the creation of 27 more over the next two years. Approximately 65 percent of company sales are export related.
“Jeco has grown 300 percent since we started using Ex-Im Bank so we could offer open account terms to overseas customers,” said Craig Carson, owner and CEO of Jeco. “We anticipate an additional 300 percent growth from our existing base if we continue to have Ex-Im Bank support. We have routinely displaced low-cost alternatives from competitors in China on the basis of technology and kept the production base in the U.S. We could not have done this without Ex-Im Bank, and probably would not have survived the downturn in 2008 and 2009.”
Carson graduated from the U.S. Military Academy in 1968 and commanded an airborne infantry company in Vietnam.
Energy International Corporation (EIC), based in Canton, Mich., exports a variety of products that includes HVAC (Heating, Ventilating, and Air Conditioning) electromechanical components, cooling towers, fire and smoke curtains, fire dampers, and industrial plumbing.
The company was founded in 1979 by Dr. Nassib Fawaz, a U.S. Army veteran, to meet a need for HVAC and electromechanical components for construction projects in the Middle East. Today the company employs 170 people, 18 of whom work in the company’s Canton office.
Since it started using Ex-Im Bank products in 1985, EIC has transacted more than $100 million in business over the years. Total revenue in 2013 amounted to nearly $15.7 million, and exports accounted for all of it.
“Plain and simple, without Ex-Im Bank we would not have been able to finance our export receivables,” said Fawaz. “Our sales have expanded by more than 100 percent since receiving Ex-Im Bank support.”
Surface Armor, a small business based in Rockwall, Texas, exports temporary surface protection films and tapes.
Founded in 2005 by a service disabled veteran who had served for seven years in the U.S. Air Force, the company now employs eight people. Since taking advantage of Ex-Im Bank financing in 2014, the company, which previously exported to Brazil, Peru, Mexico, and Europe, has expanded its export reach to China. Due to Ex-Im Bank’s support, annual sales have grown by more than $100,000.
“Without credit insurance coverage from Ex-Im Bank, we would not have been able to provide credit terms to customers in China and would not gotten that business,” said Rick Pietrykowski, owner of Surface Armor. “Previously we could not offer foreign buyers favorable credit terms.”
WHITE HOUSE FACT SHEET: U.S.-AUSTRALIA ALLIANCE
FROM: THE WHITE HOUSE KOREA
November 10, 2014
FACT SHEET: The U.S.-Australia AllianceReinforcing our long history of close cooperation and partnership, President Obama and Prime Minister Abbott today reviewed a series of initiatives to expand and deepen collaboration between the United States and Australia.
Security and Defense Cooperation
The U.S.-Australia alliance is an anchor of peace and stability not only in the Asia-Pacific region but around the world. The United States and Australia will work together – bilaterally, in regional bodies, and through the UN – to advance peace and security from the coast of Somalia to Afghanistan and to confront international challenges, such as Syria; Russia’s military aggression in Ukraine; and North Korea.
In responding to the threat posed by ISIL and foreign terrorist fighters, the United States and Australia are working together with an international coalition to degrade and defeat ISIL by providing military support to Iraq, cutting off ISIL’s funding, countering its warped ideology, and stemming the flow of foreign terrorist fighters into its ranks. The United States and Australia are coordinating closely through the Global Counterterrorism Forum. Australia supported U.S.-drafted United Nations Security Council Resolution 2178, which condemns violent extremism and underscores the need to stem support for foreign terrorist fighters, and the two countries will work together toward its implementation. Additionally, together, we continue to provide critical humanitarian support to the victims of conflict in Syria and Iraq.
In Afghanistan, the United States and Australia have worked to together to enable the Afghan government to provide effective security across the country and develop the new Afghan security forces to ensure Afghanistan can never again become a safe haven for terrorists. The United States and Afghanistan will continue this close partnership, focused on the development and sustainment of Afghan security forces and institutions, after the combat mission ends in Afghanistan this year and the Resolute Support Mission begins.
The U.S.-Australian Force Posture Agreement, announced by the President and Prime Minister in June and signed in August, deepens our long-standing defense cooperation and the advancement of a peaceful, secure, and prosperous Asia-Pacific region. While implementing the force posture initiatives jointly announced in 2011, the United States and Australia continuously seek opportunities to strengthen our interoperability, coordination, and cooperation.
As Pacific nations, the United States and Australia share an abiding interest in peaceful resolution of disputes in the maritime domain; respect for international law and unimpeded lawful commerce; and preserving freedom of navigation and overflight. Both countries oppose the use of intimidation, coercion, or force to advance territorial or maritime claims in the East and South China Seas. In their June 2014 joint op-ed, the two leaders called on claimants to clarify and pursue claims in accordance with international law, including the Law of the Sea Convention, and expressed support for the rights of claimants to seek peaceful resolution of disputes through legal mechanisms, including arbitration, under the Convention. Both countries continue to call for ASEAN and China to reach early agreement on a meaningful Code of Conduct in the South China Sea.
The United States and Australia are responding to the Ebola epidemic in West Africa and supporting the Global Health Security Agenda (GHSA) to accelerate measureable progress toward a world safe and secure from infectious disease threats.
The United States congratulates Australia as it nears the end of its two years on the United Nations Security Council, during which time Australia has been a powerful and important voice on a range of issues relating to international peace and security, especially the ongoing conflict in Syria and the global threat posed by terrorism.
Cooperation for Economic Growth and Prosperity
The United States and Australia share a commitment to deepening further economic ties, including by concluding the Trans-Pacific Partnership, a high-standard, 21st century agreement that will promote economic growth and job creation in both countries and around the region. In January 2015, the Australia-U.S. Free Trade Agreement will celebrate ten years of facilitating trade and investment between our two countries, having nearly doubled our goods trade and increased our services trade by more than 122 percent.
The United States remains the largest foreign investor in Australia, accounting for over a quarter of its foreign investment. The United States and Australia also work closely in multilateral institutions such as APEC to promote sustainable growth and shared prosperity in the region.
A vital aspect of economic growth is promoting greater gender equality. The United States and Australia are working together to enhance women’s political and economic participation. As founding members of the Equal Futures Partnership, our two nations continue to collaborate to expand economic opportunities for women and increase women’s participation in leadership positions in politics, civic society, and economic life.
The United States and Australia recognize the threat of climate change, including in the Pacific, and the need to take bold steps to boost clean energy, cut greenhouse gas emissions, and help ensure a successful and ambitious global climate change agreement in Paris next year. The United States underscored the importance of submitting ambitious post-2020 climate commitments for the new agreement as soon as possible and preferably by the end of March 2015. Both countries are collaborating with Pacific Island countries to promote sustainable development practices.
The President congratulated Prime Minister Abbott on the preparations for the G20 Summit, and noted he looks forward to the important and vibrant discussions ahead.
Science, Technology, and Innovation
U.S.-Australia science, technology, and innovation cooperation will strengthen our work on cutting edge issues, ranging from neuroscience to clean energy to information technology. Under the auspices of the U.S.-Australia Science and Technology Agreement, our two countries collaborate on clean energy, marine, and health research.
Through the Ambassador of the United States’ Innovation Roundtables, the United States and Australia are creating an additional platform to leverage U.S.-Australia innovation partnerships and strengthen our interactions in innovative areas and promote a positive, future-oriented vision of our bilateral relationship.
The United States and Australia are two of the founding partners of the new $200 million Global Innovation Fund (GIF), which will invest in social innovations that aim to improve the lives of and opportunities for millions of people in the developing world.
People-to-People Ties
The U.S.-Australia Alliance is based on a long tradition of cooperation at all levels of government, business and civil society.
In partnership with the United States Studies Centre at the University of Sydney and the Perth USAsia Centre at the University of Western Australia, the United States established the “Alliance 21 Fellowship,” a three-year exchange of senior scholars and policy analysts that will further examine the shared interests and mutual benefits of the U.S.-Australia alliance through research and public engagement.
The United States and Australia form a partnership that is key to the future of both countries and peace and prosperity around the globe.
THE FUTURE OF HYDROPONICS
FROM: NATIONAL SCIENCE FOUNDATION
Soil-free farming prepares next generation for Green Energy future
In a cramped city, growing a garden is a luxury. For some Boston teens, two square feet of space is all they need to grow up to 40 plants--without any soil. Boston College, with funding from NSF, is teaching teens the power of hydroponics
When Boston College Professor Mike Barnett first got students involved in hydroponics, he couldn't get them to go home.
"We charged them with the task of building a hydroponic system to grow 50 plants that would fit in a closet, and they wouldn't leave the lab." Barnett said. "At that point, we knew we were on to something."
Hydroponics is the process of growing food with nutrient-rich water instead of soil and is the basis for a project that high school students have been working on at Boston College since 2012.
Boston College's Urban Hydrofarmers project is part of its College Bound program, which prepares high school students for college by teaching them valuable skills in business and science.
With funding from the National Science Foundation (NSF) and in partnership with the STEM Garden Institute, Boston College chose to pursue hydroponics with teenagers because it involves all the basic disciplines students learn in high school.
The goal of the project is to motivate students to pursue science in higher education, according to NSF Program Director David Campbell.
"It addresses the ultimate goals of NSF by engaging young people in science and preparing the next generation of the scientific workforce," Campbell said.
About 60 high school students come to learn at Boston College's greenhouse every year. The program targets teens with average grades, Barnett said, and many of the students come from immigrant families. Some of these students would not reach college without the aid and skills the program provides, according to Campbell.
Students are a part of the growing process from start to finish, from designing the hydroponic systems to selling the produce they grew.
The greenhouse is 1200 square feet of growing space, Barnett said and can produce about 1,000 plants every two weeks. The produce is then sold at a farmers market.
Students run a stand at local farmers markets almost every Saturday, and have to step up to answer questions from customers who are skeptical about hydroponics, Barnett said.
For Stonehill College student Lori Phillips, these questions were both her favorite and most challenging experiences while in the program.
"The very first time the Hydroponics team went to sell at a farmers market, it was a hot, slow day, and we couldn't get any one to stop and hear us out," Phillips said. "I swallowed my fear and spoke out to an older woman about College Bound and the Hydroponic team's goal."
When the woman she spoke to that first day asked for Barnett's contact information to tell him how impressed she was, Phillips became more confident in her public speaking and now enjoys speaking up.
Students not only gain experience in public speaking by running the stand, but also business planning, according to Barnett.
The program lets the students decide how to spend the money made from the farmers markets. They learn how to run a business, according to Barnett, because they come to understand that they have to save up and invest in materials.
This business savvy, coupled with science learning, gives students a foot in the door in the green energy industry, Barnett said.
The project teaches the students how both wind and solar power can create a reliable source of energy for the hydroponics systems. Green energy also opens up the possibility to expand the hydroponics outside the greenhouse, Barnett said. Students have started five hydroponics systems on campus and a few more in the city, all powered by solar panels.
By combining green energy and hydroponics, students are taking part in an emerging market for locally grown produce.
Green energy, such as wind and solar, can heat greenhouses during off-seasons, so produce can be grown anywhere year-round, according to Barnett.
Barnett cited the increasing number of farmers markets and the farm-to-table movement as evidence of hydroponics' bright future.
"Now you can grow the produce for the same price as it's being shipped from California, but the difference it is it ends up being healthier, tasting better and being more nutritious," Barnett said. "It's not been picked and shipped for 3,000 miles. It's local."
With hydroponics, the space constraint and soil contamination found in urban areas is no longer a deterrent for growing local. According to Barnett, a person can grow 40 plants within a space of two square feet.
The project has given some young people the idea of starting hydroponics businesses of their own to bring local produce to their neighborhoods, according to Barnett.
For Phillips, the project has inspired her to get other students involved in hydroponics and even start a major for it at her college.
"I think that we've got the kids right at the cusp of what could be a really nice place for them to be," Barnett said, "in terms of capitalizing on an emerging market."
-- Kierstyn Schneck
-- Maria C. Zacharias, (703) 292-8454 mzachari@nsf.gov
Investigators
George Barnett
Eric Strauss
Elizabeth Bagnani
Catherine Wong
David Blustein
Related Institutions/Organizations
Boston College
Soil-free farming prepares next generation for Green Energy future
In a cramped city, growing a garden is a luxury. For some Boston teens, two square feet of space is all they need to grow up to 40 plants--without any soil. Boston College, with funding from NSF, is teaching teens the power of hydroponics
When Boston College Professor Mike Barnett first got students involved in hydroponics, he couldn't get them to go home.
"We charged them with the task of building a hydroponic system to grow 50 plants that would fit in a closet, and they wouldn't leave the lab." Barnett said. "At that point, we knew we were on to something."
Hydroponics is the process of growing food with nutrient-rich water instead of soil and is the basis for a project that high school students have been working on at Boston College since 2012.
Boston College's Urban Hydrofarmers project is part of its College Bound program, which prepares high school students for college by teaching them valuable skills in business and science.
With funding from the National Science Foundation (NSF) and in partnership with the STEM Garden Institute, Boston College chose to pursue hydroponics with teenagers because it involves all the basic disciplines students learn in high school.
The goal of the project is to motivate students to pursue science in higher education, according to NSF Program Director David Campbell.
"It addresses the ultimate goals of NSF by engaging young people in science and preparing the next generation of the scientific workforce," Campbell said.
About 60 high school students come to learn at Boston College's greenhouse every year. The program targets teens with average grades, Barnett said, and many of the students come from immigrant families. Some of these students would not reach college without the aid and skills the program provides, according to Campbell.
Students are a part of the growing process from start to finish, from designing the hydroponic systems to selling the produce they grew.
The greenhouse is 1200 square feet of growing space, Barnett said and can produce about 1,000 plants every two weeks. The produce is then sold at a farmers market.
Students run a stand at local farmers markets almost every Saturday, and have to step up to answer questions from customers who are skeptical about hydroponics, Barnett said.
For Stonehill College student Lori Phillips, these questions were both her favorite and most challenging experiences while in the program.
"The very first time the Hydroponics team went to sell at a farmers market, it was a hot, slow day, and we couldn't get any one to stop and hear us out," Phillips said. "I swallowed my fear and spoke out to an older woman about College Bound and the Hydroponic team's goal."
When the woman she spoke to that first day asked for Barnett's contact information to tell him how impressed she was, Phillips became more confident in her public speaking and now enjoys speaking up.
Students not only gain experience in public speaking by running the stand, but also business planning, according to Barnett.
The program lets the students decide how to spend the money made from the farmers markets. They learn how to run a business, according to Barnett, because they come to understand that they have to save up and invest in materials.
This business savvy, coupled with science learning, gives students a foot in the door in the green energy industry, Barnett said.
The project teaches the students how both wind and solar power can create a reliable source of energy for the hydroponics systems. Green energy also opens up the possibility to expand the hydroponics outside the greenhouse, Barnett said. Students have started five hydroponics systems on campus and a few more in the city, all powered by solar panels.
By combining green energy and hydroponics, students are taking part in an emerging market for locally grown produce.
Green energy, such as wind and solar, can heat greenhouses during off-seasons, so produce can be grown anywhere year-round, according to Barnett.
Barnett cited the increasing number of farmers markets and the farm-to-table movement as evidence of hydroponics' bright future.
"Now you can grow the produce for the same price as it's being shipped from California, but the difference it is it ends up being healthier, tasting better and being more nutritious," Barnett said. "It's not been picked and shipped for 3,000 miles. It's local."
With hydroponics, the space constraint and soil contamination found in urban areas is no longer a deterrent for growing local. According to Barnett, a person can grow 40 plants within a space of two square feet.
The project has given some young people the idea of starting hydroponics businesses of their own to bring local produce to their neighborhoods, according to Barnett.
For Phillips, the project has inspired her to get other students involved in hydroponics and even start a major for it at her college.
"I think that we've got the kids right at the cusp of what could be a really nice place for them to be," Barnett said, "in terms of capitalizing on an emerging market."
-- Kierstyn Schneck
-- Maria C. Zacharias, (703) 292-8454 mzachari@nsf.gov
Investigators
George Barnett
Eric Strauss
Elizabeth Bagnani
Catherine Wong
David Blustein
Related Institutions/Organizations
Boston College
Tuesday, November 11, 2014
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