Where Europeans & Americans Connect to do Business
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A Message from the President
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Alan Sutin, President EACC Florida
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Economic Developments in Europe and the US and how COVID-19 is affecting business on both sides of the Atlantic
May 1, 2020
10:00 AM EDT - 4:00 PM CET
U.S.A. - living a pandemic economy
- Services vs manufacturing: pace of change
- Policy response: enough, and soon enough?
Europe - the road to recovery and normalization
- How sharp will the GDP contract and which countries will be hardest hit?
- Government interventions - will they help shorten the impact on the economy or just leave
- Europe with a legacy of public debt?
- How will the burden be shared across Europe?
- Will Europe avoid the mistakes of 2011/2012?
EU & US
- What levers have Central banks left to intervene
- Global outlook: rapid evolution, accumulating shocks
EACC MEMBERS ONLY WEBINAR
REGISTRATIONS HAVE CLOSED
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The EU Response to the COVID-19 Outbreak
From Managing the Emergency to Relaunching the Economy
May 6, 2020
10:00 AM EDT - 4:00 PM CET
Join us in a conversation with Elena Flores, Director for International Economic and Financial Relations and Global Governance at the European Commission, to discuss the economic impact of COVID-19, EU Member States' and EU institutions' policy response and how Europe is planning to restart economic growth and turn the page on the pandemic.
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Transatlantic Trade Update: Trade Post-Covid19 - A Look Ahead
June 4, 2020
10:00 AM EDT - 4:00 PM CET
Lucinda Creighton, CEO, Vulcan Consulting and EU Trade Expert and Doug Lippoldt, Chief Trade Economist, HSBC will sit down for a fire-side chat moderated by John Foley of Reuters News to discuss:
The impact on transatlantic trade both in the EU and US, Short term impact on multifaceted supply chains; Supply chain de-risking measures; globalization measures; the pandemics impact on flow of services.
EACC MEMBERS ONLY WEBINAR
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Coming Up !
Cybersecurity Update
The current Corona virus pandemic has made hackers creative once again. The fear of the virus is used get people to click on malicious links in messages about the illness. Hackers also use the increased number of people working from home to their advantage.
Europe's Economic Outlook: Challenges & Policy Priorities addressing the COVID-19 Pandemic
Join top EU economists as they discuss the outlook for the European economy, the key measures taken by the European Union as a whole as well as individual member states, and some of the risks facing the global economy.
Immigration Update
The U.S. immigration system saw many changes ordered by the Trump administration during 2019, including some that will take effect in 2020. The changes by the U.S. Citizenship and Immigration Services (USCIS) will have a significant impact on the lives of millions of immigrants living legally in the United States. Designed to slow legal immigration and strengthen the Department of Homeland Security's ability to enforce immigration laws; the changes create both obstacles as well as immigration benefits in the immigration process.
Programs are being developed to make them as current and informative as possible under the constantly changing circumstances. For updates, please visit our
events page
.
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WHAT YOU MISSED !
MARCH PROGRAMS AT GLANCE (now available on YouTube)
- Breaking Up is Hard to Do - BREXIT and its Impact on Intellectual Property
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EU and Mexico Conclude Negotiations for New Trade Agreement.
The European Union and Mexico concluded on April 28 the last outstanding element of the negotiation of their new trade agreement. Trade Commissioner Phil Hogan and Mexican Minister of Economy Graciela Márquez Colín agreed - in a phone call - on the exact scope of the reciprocal opening of public procurement markets and a high level of predictability and transparency in public procurement processes. Under the new EU-Mexico agreement, practically all trade in goods between the EU and Mexico will be duty-free. The agreement also now includes progressive rules on sustainable development, such as a commitment to effectively implementing the Paris Climate Agreement. It is also the first time that the EU agrees with a Latin American country on issues concerning investment protection. Simpler customs procedures will further help boost exports.
Read more.
Compliments European Commission
Global OECD welcomes Colombia as its 37th Member.
On 28 April, Colombia has formally become an OECD Member, the 37
th
country to do so in the Organisation’s near 60-year history. OECD Member countries formally invited Colombia to join the Organisation in May 2018, following a five-year accession process during which it underwent in-depth reviews by 23 OECD Committees and introduced major reforms to align its legislation, policies and practices to OECD standards. These spanned the breadth of policy fields including labour issues, reform of the justice system, corporate governance of state-owned enterprises, anti-bribery, trade and the establishment of a national policy on industrial chemicals and waste management. Colombia is the 3rd Latin American nation to join the Paris-based organization.
Read more.
Compliments OECD
Coronavirus Global Response: EU launches pledging effort.
The European Union is joining forces with global partners to kick-start a pledging effort – the
Coronavirus Global Response
– starting on 4 May 2020. The World Health Organization (WHO) and global health organisations have launched a joint call for action to develop fast and equitable access to safe, quality, effective and affordable diagnostics, therapeutics and vaccines against coronavirus.
Read more.
Compliments European Commission
BREXIT - Press statement by Michel Barnier following the second round of future relationship negotiations with the UK.
Read the full statement
here
.
Compliments European Commission
ECB takes steps to mitigate impact of possible rating downgrades on collateral availability.
On April 22, the Governing Council of the European Central Bank (ECB) adopted temporary measures to mitigate the effect on collateral availability of possible rating downgrades resulting from the economic fallout from the coronavirus (COVID-19) pandemic. The decision complements the broader collateral easing package that was announced on 7 April 2020. Together these measures aim to ensure that banks have sufficient assets that they can mobilize as collateral with the Eurosystem to participate in the liquidity-providing operations and to continue providing funding to the euro area economy.
Read more
.
Compliments European Central Bank
EIB launches new report on digitalization in the EU and US - only four EU countries in the lead.
Published on April 20, the European Investment Bank report
“Who is prepared for the new digital age"
takes a look at the state of digitalization in the EU and United States from a unique business perspective. B
ased on a company-level survey, t
he report shows that - with the notable exception of Denmark, Finland, the Netherlands and the Czech Republic - EU firms in most sectors are falling behind the US. It also spells out the key concerns of firms relating to the adoption of, and investment in, digital technologies. In particular, it highlights how access to management, skilled labor and the regulatory environment affect the digitalization of firms on both sides of the Atlantic.
Read more.
Compliments European Investment Bank
The impact of the Covid-19 pandemic on global and EU trade.
On April 17,
the European Commission's DG TRADE published an analysis outlining the impact of the COVID19 outbreak on trade flows. In order to test the robustness of this analysis, results are also compared to the latest WTO trade forecasts published on 8 April.
Read the report.
Compliments European Commission
EIB Group establishes EUR 25 billion guarantee fund to deploy new investments in response to COVID-19 crisis
On April 16, f
ollowing a recommendation by the Eurogroup on 9 April, the Board of Directors of the European Investment Bank (EIB) backed the creation of a €25 billion European COVID-19 guarantee fund. The fund will enable the EIB Group to scale up its support for European companies up to an additional €200 billion – with a focus on SMEs.
Read more.
Compliments EACCNY and European Investment Bank
How COVID-19 Affects the Climate and Energy Agenda.
April 16 live stream with
Stavros Lambrinidis, European Union Ambassador to the US in a virtual policy discussion on the implications of the COVID-19 crisis and future pathways to recovery.
Listen here
.
Compliments EU in the US
Coronavirus: European roadmap shows path towards common lifting of containment measures.
On April 15, the European Commission, in cooperation with the President of the European Council, put forward a European
roadmap
to phase-out the containment measures due to the coronavirus outbreak. It outlines the various phases of an
exit strategy that is coordinated with Member States and that will prepare the ground for a comprehensive recovery plan and unprecedented investment.
Read more.
Compliments European Commission
EU ensures transparency towards its trade partners on coronavirus-related actions.
On April 7, the EU notified to the World Trade Organization steps it has taken aimed at supporting the fight against coronavirus. eight steps, either new measures or guidance covering existing legislation, taken in the context of the coronavirus crisis. This includes various fields of action touching upon various aspects of international trade operations.
Read more.
Compliments European Commission
European Commission Issues Guidelines to Protect Critical European Assets and Technology in the Current Crisis.
On March 25, t
he European Commission issued guidelines to ensure a strong EU-wide approach to foreign investment screening in a time of public health crisis and related economic vulnerability. The aim is to preserve EU companies and critical assets, notably in areas such as health, medical research, biotechnology and infrastructures that are essential for security and public order, without undermining the EU's general openness to foreign investment.
Read more.
Compliments European Commission
COVID-19: Council adopts measures for immediate release of funds.
On March 30, the Council adopted two legislative acts to quickly release funding from the EU budget for tackling the COVID-19 crisis. One of the acts amends the rules of the structural and investment funds, while the other extends the scope of the EU Solidarity Fund. The Coronavirus Response Investment Initiative will give Member States access to €37 billion of cohesion money to strengthen healthcare systems, as well as support small and medium-sized enterprises, short-term working schemes, and community-based services.
Read more.
Compliments of EACCNY and the European Council.
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How COVID-19 May Uproot Centuries of Litigation Traditions.
COVID-19 courts, judges and attorneys may have to adapt further or even change the rules of litigation to bring greater flexibility to the way cases are handled. Courts have increasingly limited or abandoned in-person operations in favor of teleconferencing and videoconferencing; certain filing deadlines have been extended; and even the U.S. Supreme Court has postponed oral arguments or rescheduled cases for telephonic argument. Furthermore, while practitioners increasingly make use of videoconferencing to conduct discovery, it is expected that new protocols and indeed a new litigation etiquette will eventually take shape to address these concerns.
Continue reading.
Compliments Cozen O'Connor
2020 Tax Updates in Europe.
What tax measures have been introduced to support businesses impacted by COVID-19 – and what other rules have changed since 1 January?
Continue reading.
Compliments TMF Group
Business outlook for the wind and solar energy industry.
2020 was expected to be a peak year in new capacity additions for wind and solar projects before the coronavirus. How has the outlook changed? Is work continuing on projects that are already under construction? Are new projects still able to secure financing? How are utilities faring? What issues are companies facing that will require a government response?
Six power company CEOs offer their views.
Continue reading.
Compliments Origis Energy
Data Processing in Times of COVID-19: Guidance from EU and National Data Protection Authorities.
As many countries reach the second stage of the Coronavirus Disease 2019 (COVID-19) outbreak, privacy protections may be relaxed under certain circumstances. The European Data Protection Board (EDPB) issued a statement on the processing of personal data in this period of time, and several national data protection authorities have issued COVID-19 specific guidelines and advice. As there are considerable differences between the various guidelines, it is essential that organizations subject to these EU data protection laws become familiar with these national information and guidelines.
Continue reading.
Compliments Greenberg Traurig
Mapping how COVID-19 hits consumption.
Watching web searches, measuring our movements, and scrutinising business surveys has provided an early insight of how the coronavirus crisis is affecting spending. The economic impact of COVID-19 will be enormous, but service firms will be impacted most.
Continue reading.
Compliments HSBC
What To Do When Business Continuity Plans Fail?
Fail to plan, plan to fail. The old adage is certainly sage advice, but not even the best-laid Business Continuity Plans (BCP) are likely to be found lacking in the face of the huge disruption and uncertainty caused by the COVID-19 pandemic. Even the worst anticipated scenarios – such as war, cybercrimes or natural disasters – have historically been more localized, without the global impact on people, processes and systems that this crisis has caused.
Continue reading
Compliments TMF Group
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YOUNG VOICES FROM THE FUTURE
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Every month, the EACC Florida Newsletter will feature a young person - a student, an artist, an entrepreneur - whose identity, vision or project illustrates the vibrancy of Florida's transatlantic community. If you would like to suggest someone, please contact us
HERE
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Teo Bok
Portrait of a Young Artist and Voice of his Generation
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"El Mundo que Conocemos Ya Cambio"
Matteo Markus Bok, a German-Italian singer-songwriter and a Junior in a Miami high-school, recently moved from Milano to our Magic City. At just 16, Teo has over 1 million followers on social media and a remarkable artistic career spanning 3 continents – Europe, the United States and Latin America.
When the
COVID-19 pandemic broke affecting Italy and his home city Milano, sheltering at his Miami home, he composed a song and produced a video featuring Italian teen social influencers to support the relief efforts of the
Italian Red Cross. It’s called
“Non Ci Avrai” and you can listen to it here:
https://youtu.be/hOjGkTnqN7U. True to his character, in April, he released the same song in Spanish, this time to support relief efforts in
Mexico:
https://youtu.be/MPWRXi6ISyc.
His career started at age 9 when he participated in a number of musicals including “
The Lion King”, “
Peter Pan”, “
Billy Elliott”, “
Priscilla Queen of the Desert“. At 13 and 14, he reached the finals in
The Voice Kids of Germany, participated in
Italia’s Got Talent and the
Sanremo Young (Italy).
2019 was a turning point with the release of his first album
“Crusin”, a nomination as “Best Italian Singer” at the
Kids Choice Awards in Los Angeles, winner of the
Tube Award in Germany, main character in the web series “Cabin 12006” of
Nickelodeon and MSC Cruises, and, his first performance at the
Zócalo Festival in Mexico. Teo also shared the stage with
Andrea Bocelli, at the inauguration of the “Bellissima”, the new flagship of MSC Cruises. Earlier this year, Teo signed a contract with
21 Entertainment and AR Management and will release his first single in the US and Latin America at the end of May.
Matteo turns 17 on May 16.
You can find out more about Matteo
here.
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BECOME A MEMBER OF OUR NETWORK
EACC is a Connector
We open doors for our members across our chapter network on both sides of the Atlantic and we keep you informed on the relevant issues effecting your business.
Members of the EACC network enjoy:
♦ Access to our
network of high-level business executives
& our unique referral service
♦ Invitations to
exclusive seminars
& a direct exchange with transatlantic experts
♦
Visibility
for your organization &
opportunities to showcase
your
thought-leadership
♦ The ability to
make a difference
&
actively engage in the Trans-Atlantic
dialogue
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Together with its sister chapters, EACC Florida is part of a growing and highly dynamic transatlantic network reaching over 10,000 executives in the US and across Europe. With over 750 members, the EACC is a valuable resource for any size business.
If you would like to get involved, let us know.
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