Where Europeans & Americans Connect to do Business |
|
A Message from the President |
|
Alan Sutin, President EACC Florida |
|
|
|
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 affecting 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 business dialogue
|
|
UPCOMING EACC FLORIDA EVENTS |
|
Members Only
Transatlantic Trade Update
Trade Post-COVID19 - What’s New?
Thursday, December 3, 2020
What happened since we last brought together Pascal Lamy, Former Director-General, World Trade Org-anization (WTO), Lucinda Creighton, CEO, Vulcan Consulting and Doug Lippoldt, Chief Trade Economist, HSBC for a fire-side chat moderated by John Foley of Reuters News? Have COVID-19 induced changes in trade been here to stay? Have supply chain and service impacts been diverted? What trade deals have been made and have EU/U.S. collaborations taken place to explore alternatives to Chinese technologies? And what will happen now that Brexit is knocking on the door?
SPEAKERS
● Pascal Lamy, President Emeritus, JACQUES DELORS INSTITUTE, Former Director-General, WORLD TRADE ORGANIZATION (WTO)
● Lucinda Creighton, Chief Executive Officer, VULCAN CONSULTING Ltd.
● Ben Digby, Head of Global Trade Policy, HSBC
● John Sinclair Foley, U.S. editor, REUTERS BREAKINGVIEWS [Moderator]
|
|
DATE/TIME
Thursday, December 3, 2020
10:00am EST | 4:00pm CET
|
|
LOCATION
Your Computer or Connected Device
|
|
EU Strengthens Trade Enforcement Arsenal with Revamped Regulation. A political agreement was reached that will empower the European Union to protect its trade interests despite the paralysis of the multilateral dispute settlement system in the World Trade Organization (WTO). The Commission will also be able to act if similar problems arise in bilateral agreements. The formal regulation has yet to be formally adopted. Read further.
Coronavirus resurgence: EU Commission steps up action to reinforce preparedness and response measures across the EU. On October 29, the European Commission launched measures aimed at better understanding the virus’ spread and the effectiveness of the response, ramp up well-targeted testing, bolster contact tracing, improve preparations for vaccination campaigns, and maintain access to essential supplies such as vaccination equipment, while keeping all goods moving in the single market and facilitating safe travel. Read more.
EU and Mexico Celebrate 20 Years of Partnership. This year, the EU and Mexico celebrate the 20th anniversary of the entry into force of their Economic Partnership, Political Coordination and Cooperation Agreement, known as the Global Agreement, which establishes a free trade area and provides the legal framework for strengthening their economic and trade relations. During a special meeting, the progress made in the work leading to the conclusion of the modernization of the trade agreement between Mexico and the European Union, the negotiation of which was finalised in April this year, was reviewed. Read more.
EU I Screening of Foreign Direct Investment. The EU framework for screening of foreign direct investment (FDI) became fully operational on 11 October 2020. The Commission and Member States put in place a coordination framework. which will become instrumental in preserving Europe’s strategic interests while keeping the EU market open to investment. Read more.
A New European Bauhaus: op-ed article by Ursula von der Leyen, President of the European Commission. The New European Bauhaus will be a driving force to bring the European Green Deal to life in an attractive, and innovative and human-centered way. It will be a movement based on sustainability, accessibility and aesthetics to bring the European Green Deal closer to people and make recycling, renewable energies and biodiversity natural. Read more.
|
|
ECB | Monetary policy decisions. The Governing Council of the ECB will recalibrate its instruments to respond to the unfolding situation - including the dynamics of the pandemic, prospects for a rollout of vaccines and developments in the exchange rate - to ensure that financing conditions remain favorable to support the economic recovery and counteract the negative impact of the pandemic on the projected inflation path. Read more.
Boeing WTO case: the EU gets formal green light to impose duties on U.S. imports. The Dispute Settlement Body of World Trade Organization (WTO) formally authorized the EU to take countermeasures against the United States. The EU can now increase its duties on U.S. exports worth up to $4 billion. The decision follows the WTO panel announcement confirming EU retaliation rights in reaction to illegal subsidies granted to the U.S. aircraft maker, Boeing. The European Commission is currently finalizing the process, involving EU Member States, to be ready to use its retaliation rights in case there is no prospect of bringing the dispute to a mutually beneficial solution in a near future. Read further.
EU-Colombia/Ecuador/Peru Trade Agreement. On November 13th, officials from the European Commission and from the Governments of Colombia, Ecuador and Peru will exchange views on the implementation of the Trade and Sustainable Development Chapter of the Trade Agreement between the EU and its Member States and Colombia, Peru and Ecuador. Representatives from trade unions and business organizations, environmental groups will be in attendance too. Read more.
IMF I A Leap Forward on Cross-Border Payments. Progress to improve cross-border payments has been slow, but is just about to take off. That is how history evolves—one small step at a time, until it suddenly leaps forward. The confluence of new technologies and renewed determination among policymakers are making significant improvements possible. Read more.
Recent Economic Developments and the Challenges Ahead. Speech by Jerome H. Powell, Chair of the U.S. Federal Reserve, at the National Association for Business Economics Virtual Annual Meeting. Read here.
U.S. and Dutch Governments Announce Hydrogen Collaboration. Hydrogen has caught the eye of governments and companies around the world. The U.S. government is exploring the potential for wide-scale hydrogen production and utilization. In March 2020 the Dutch government published its ambitious hydrogen agenda. Other Europeans countries such as Germany and the EU published hydrogen strategies as well. Now the U.S. and Dutch governments have decided to work together. On Oct. 6, 2020, the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) and the Dutch Ministry of Economic Affairs and Climate Policy (Ministerie van Economische Zaken en Klimaat) issued a statement of intent. The governments aim to jointly stimulate future hydrogen research & development and demonstration activities. Read more.
|
|
EACC Florida
MEMBERS and PARTNERS INSIGHTS
|
|
Can we require that employees receive a COVID-19 vaccine? Can employers force employees to receive a vaccine for COVID-19? "The answer is far from clear. Employers might look to guidance from federal agencies like the U.S. Equal Employment Opportunity Commission. The EEOC's 2009 guidance document on pandemic preparedness and the Americans with Disabilities Act, released during the H1N1 influenza pandemic and updated this year during the COVID-19 pandemic, said that an employer covered by the ADA may not compel all of its employees to receive an influenza vaccine regardless of their medical conditions or religious beliefs." Read further.
Compliments Cozen O'Connor
Riding the M&A Waves. M&A activity is bouncing back strongly in the aftermath of COVID-19, with new opportunities emerging amid the new normal. But challenges remain, with travel restrictions and economic nationalism muddying the waters. TMF Group teamed up with Mondaq to deliver a webinar moderated by TMF Group CEO Mark Weil looking at the challenges and opportunities facing corporate and private equity deal-makers in the M&A market. Read and watch further.
Compliments TMF Group
Extensions to Temporary Changes to UK Insolvency, Company Laws in Response to Continuing COVID-19 Crisis. The Corporate Insolvency and Governance Act (CIGA) came into force on 26 June 2020, introducing a number of permanent and temporary changes to the UK’s insolvency and company laws. Certain of the temporary changes introduced by CIGA were due to expire on 30 September 2020. Some (but not all) of these temporary changes have now been extended pursuant to the Extension Regulations made under CIGA in order to provide corporate debtors with additional relief during the ongoing Coronavirus Disease 2019 and the related financial pressures on firms which have needed to adapt to the ‘new normal’. However, pursuant to separate regulations made under CIGA (the Termination Regulations) some of the temporary provisions of CIGA have also been discontinued. Read further.
Compliments Greenberg Traurig
The end of the beginning. After an unprecedented collapse in global GDP in the second quarter, there has been a significant bounce in the third. But that was just the beginning of what appears set to be a long uphill struggle. The progress seen so far may yet prove to have been the easiest part of the recovery. It has so far been uneven and in many countries there are signs that the pace with which activity is trying to claw back its way to pre-pandemic levels is starting to slow. Confidence, particularly among consumers, is faltering, as they become increasingly concerned about the future outlook for jobs. So savings rates appear likely to stay high amid the uncertainty. Most risks are clearly to the downside. There are plenty of geopolitical tensions, but most downside risks relate to the possibility of some kind of second wave of the pandemic. Read further.
Compliments HSBC
Understanding the True Cost of O&M and Asset Management. What is the total cost of Ownership: understanding the elements of the cost equation? Cost allocation and pricing models: Is O&M a commodity? Digital O&M vs manpower expertise: what is the main differentiator. Making the case for cost transparency. Measuring the success of OPEX allocation with regard to scope of work. Integration of assumptions during system design: inflation, technology cost. Join Michael Eyman of Origis Services and a roster of experts who will be addressing these issues on November 5. Find out more.
Compliments Origis Energy
|
|
YOUNG VOICES FROM THE FUTURE |
|
Every month, the EACC Florida Newsletter features 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
|
|
|
|
Adam Solymosi
A Young Hungarian-American Whizz Kid
|
Adam was born and grew up in Hollywood (FL). His parents immigra-ted to the United States from Szeged and Kiskunhalas in Hungary. He has a 24 year-old sister and the family returns to Hungary every other year to visit family and friends.
At 16, Adam is fluent in English, Hungarian and Spanish. He has al-ways stayed at the top of his class in spite of numerous sports activities, hobbies and passions. An avid swimmer at the age of 7, he transitioned to water polo at 9, participating and winning many comp-etitions. He also excelled at basketball and soccer throughout middle and high-school.
At age 11, Adam grew a passion for motorcycles and cars. He deci-ded to build his first combustible engine motorcycle. Since then he continued to ride motorcycles and now, he has his own Honda Grom 125 CC bike.
He studied aeronautical science in middle-school and joined the school’s Drone Club where he assembled drones, mastered flying them and won numerous drone competitions across the State of Florida. He eventually received an invitation from the Federal Aviation Administration in Washington DC and was recognized by Broward County’s Superintendent for his achievements.
Adam is now a Sophomore in a Cambridge Program in a Fort Lauderdale high-school. He loves to share his passions with others especially younger children, continues studying hard and hopes to become an engineer when he grows up.
|
|
|
|
RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.
RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in more than 120 countries.
|
|
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.
|
|
EACC Florida Founding Members |
|
|
|
|
|
|
