S i x D e c a d e s o f L e a d e r s h i p

United States Council for International Business Annual Report 2005

Table of Contents

Leadership Messages

60th Anniversary Highlights

USCIB’s Global Network

Global Business Agenda 2005

2004 Accomplishments

2004 Pictorial Highlights

USCIB Business Services

USCIB Policy Committees & Chairs

Officers/Executive Committee

Trustees

USCIB Members

USCIB Staff

1

2 - 3

4 - 5

6 - 9

10 - 11

12 - 13

14 - 15

16 - 17

18

19

20

22 - 23

1

Building on Our Legacy…

Much has changed in the six decades since 1945,when a group of visionary American corporateleaders founded the organization that became theUnited States Council for International Business.

Then, the economies of the world were shattered,threatened not just by postwar despair but by theprospect of renewed conflict between East andWest. Asia and Africa were still under colonial rule,unable to manage their own affairs. What little tradewas taking place was still burdened in most casesby the protectionist tariffs of the 1930s. Despite thegreat Allied victory, it was not a hopeful time.

The United States, later joined by its allies, canclaim much of the credit for helping raise the worldfrom this sorry state – through the Marshall Plan,increasing liberalization of trade and investment,and steadfast political and military leadership.

But the transformation of the past 60 years –sustained economic growth and integration, thecollapse of communism and central planning, andthe gradual, though uneven, expansion ofdemocracy and free markets – is also testament tothe sustained engagement of American businessand its counterparts from the other majortrading nations.

Without the dynamism and leadership of U.S. andother global companies, the world would be a verydifferent, and far worse, place.

We are pleased that, during our respective tenuresas USCIB Chairman and President, the organizationhas moved boldly to boost its work on Asia, espe-cially China and India, and in such areas as corpo-rate responsibility, corporate governance and glob-al electronic commerce.

As leadership of USCIB passes to the very capablehands of Bill Parrett and Pete Robinson, we knowyou join us in our belief that, for American business,open markets matter more than ever. Just as in1945, USCIB will be there with you, leading theway in the global marketplace.

Dean R. O’HareChairman and CEO (Ret.)The Chubb CorporationUSCIB Chairman, 2001-2005

Thomas M.T. NilesUSCIB President, 1999-2005

Dean R. O’Hare & William G. Parrett

Thomas M.T. Niles & Peter M. Robinson

Leadership Messages

…While Looking to the Future

For an organization with such a celebrated past,the United States Council for International Business(USCIB) prides itself on supporting its members bybeing visionary and tackling tomorrow’s challengestoday – looking out for the interests of your busi-ness in areas of opportunity that are beginning toemerge, as well as further developing trade andinvestment in your markets.

Business today operates in a truly global, net-worked environment. In essence, the only bordersare those that are self-imposed.

Interconnections are made possible by buyers andsellers brought together at the speed of light bymodern technology. Huge new markets and sup-ply sources have opened in China, India, anexpanded European Union, and elsewhere. Today,as never before, global commerce has the potentialto create wealth, distribute it more broadly to allevi-ate poverty, improve the environment and promoteeconomic development. Sustainable capital mar-kets and communities are within our reach.

Interconnectedness brings great responsibilitiesand challenges. Challenges such as lost invest-ment opportunity resulting from less than satisfac-tory market development and regulatory environ-ments – resulting, for example, in extensive coun-terfeiting and piracy, or impeding the growth of e-commerce. Business has an important responsibil-ity to help direct interconnectedness. Throughstrong global platforms like USCIB, business canpromote and shape sensible commercial policies,foster strong corporate governance, and help fuelthe growth of capital markets that are the lifebloodof future development.

USCIB is truly multinational. It functions as aglobal network through the International Chamberof Commerce, the International Organisation ofEmployers, and the Business and Industry AdvisoryCommittee to the OECD. Our global reach is asignificant strength. Working together, we can rallybusinesses and governments worldwide to supportpolicies that can serve as a catalyst for growth.

We look forward to more fully engaging with you,our members, in 2005 – using the best of yourideas and expertise. With your help, we can lever-age the USCIB network and unleash the power ofglobal business leadership for the benefit of compa-nies, markets and communities around the world.

William G. ParrettUSCIB Chairman

Peter M. RobinsonUSCIB President

2

USCIB’s Founding: Out of the Ashes of World Conflict

In 1945, at the conclusion of the SecondWorld War, the founders of the UnitedNations decided to establish their head-quarters in New York City, then as now thecenter of global finance and commerce.

Under the leadership of Philip D. Reed,Chairman of General Electric Company, agroup of business executives establisheda new organization to represent Americanindustry in the International Chamber ofCommerce. ICC, the world businessorganization, had been formed a quartercentury earlier, in the aftermath of WorldWar I, with representative office housedduring the interwar period in the U.S.Chamber of Commerce in Washington.

Now, with UN members readying them-selves to establish new rules governingpolitical, economic myriad of other facetsof international relations, business need-ed a seat at the table. The original char-ter of the new organization, known as theUnited States Associates (later Council)of the International Chamber ofCommerce, stated its five core goals:

• to serve as the official organization representing the United States in the International Chamber of Commerce

• for the purpose of promoting international peace

• to encourage commercial intercourse between the United States and other nations; to promote cooperation between chambers of commerce, trade associations, and other business, commercial, and civic organizations of the United States and those of other nations

• to ascertain and express the considered judgment of business interests in the United States, including trade, finance, industry, and transportation, on international questions affecting those interests

• to secure effective and consistent action both in improving the conditions of business between nations and in applying solutions for international economic problems.

Through the years, USCIB’s name haschanged, and it affiliations broadened toencompass not just ICC, but theInternational Organisation of Employers,which is the voice of business on laborand social policy and in the ILO, and theBusiness and Industry AdvisoryCommittee to the OECD. And of coursethe range of activities to which we applyour members’ expertise and solutionshas changed as well.

But the core mission of USCIB – to pro-mote peace and development through theexpansion of an open system of interna-tional trade, finance and investment –remains the same, as does the firm dedi-cation of our members to these goals.

USCIB: 60 Years of Service to American Business

1945United States

Associates(later Council)

of theInternationalChamber ofCommercefounded in

New York

1946Council supports ratification ofUnited Nations Charter and ICCefforts to establish a formal relationship with the UN

1959Council hosts 17th ICC World Congress inWashington, D.C. Pictured L-R: President

Eisenhower, ICC President Edmond Giscardd'Estaing, Philip D. Reed (General Electric)

1969U.S. Treasury

appointsCouncil as U.S.national guar-

anteeing asso-ciation of ATACarnet systemfor temporary,

duty-freeimports

* also served as Chairman, International Chamber of Commerce

USCIB Chairmen

2005 - William G. ParrettChief Executive OfficerDeloitte Touche Tohmatsu

2001-2003Dean R. O’HareChairman and CEOThe Chubb Corporation

1995-2000 Richard D. McCormickChairman and CEO, U S West, Inc.*

1991-1994 Allen F. JacobsonChairman and CEO, 3M

1988-1990 Joseph E. ConnorChairmanPrice Waterhouse World Firm Ltd.*

1984-1987 Jack G. ClarkeDirector and Senior Vice PresidentExxon Corporation

1980-1983 Ralph A. Pfeiffer, Jr.Chairman and CEO, IBM World Trade Americas/Far East Corporation

1977-1979 Peter G. PetersonChairmanLehman Brothers Kuhn Loeb Inc.

1972-1977 Ian K. MacGregorChairman and CEOAMAX Inc.*

1970-1972 Antonie T. KnoppersSenior Vice PresidentMerck & Co., Inc.

1967-1970 James A. LinenChairman, Executive CommitteeTime Inc.

1964-1967 Arthur K. WatsonChairmanIBM World Trade Corporation*

1962-1964 Amory HoughtonHonorary ChairmanCorning Glass Works

1960-1961 Ralph T. ReedPresidentAmerican Express Company

1957-1959 Philip CortneyPresidentCoty Inc.

1955-1957 Thomas J. Watson, Jr.PresidentInternational Business MachinesCorporation

1953-1955 Warren Lee PiersonChairman, Trans World Airlines, Inc.*

1951-1953 George A. SloanPresident, Blue Ridge Mutual Fund,Inc.

1948-1951H.J. Heinz IIPresident, H.J. Heinz Company

1945-1948Philip D. ReedChairman, General Electric Company*

3

1974Council establishesWashington, D.C.office

1978Council hosts 26th ICC

World Congress inOrlando, Florida, where

President Carteraddresses more than

3,000 participants

1979Council designated

American affiliate ofInternational

Organisation ofEmployers (IOE), whichrepresents global busi-

ness to the InternationalLabor Organization

1980Initiation of the Council’s International Leadership Award, conferred annually to a leadingexecutive for outstanding contributions to promoting trade and investment (Pictured:USCIB Chairman Ralph Pfeiffer, David Rockefeller and Henry Kissinger in 1983)

1981Name changed to United States Councilfor International Business, reflectingexpanded responsibilities and addition-al international affiliations with globalbusiness organizations

1984USCIB assumes sole American business representation inBusiness & Industry Advisory Committee to the OECD (BIAC)

1985USCIB develops detailed recommendations for a newround of global trade negotiations, the Uruguay Round(successfully concluded in 1994)

1993USCIB stronglysupports passageof the NorthAmerican FreeTrade Agreement

1999-2001USCIB works to reverse WTOdebacle in Seattle, supportslaunch of Doha Round of trade talks

2002 USCIB hosts 34th ICC WorldCongress in Denver(Pictured: Colorado Governor BillEvans, Deputy UN SecretaryGeneral Louise Fréchette)

2005William G. Parrett (Deloitte)

elected 20th Chairman ofUSCIB, Peter M. Robinson

becomes 15th USCIB President

USCIB Presidents(and their former affiliations)

2005 - Peter M. RobinsonSenior Vice President and Chief Operating OfficerUSCIB

1999-2005 Thomas M.T. Niles Assistant Secretary of State and U.S. Ambassador to GreeceEuropean Union, Canada

1984-1999 Abraham KatzU.S. Ambassador to the Organization for Economic Cooperation and Development

1978-1983 David L. GroveVice President and Chief EconomistInternational Business Machines Corporation

1977-1978 William D. EberlePresident’s Special Trade Representative

1973-1977 Harvey L. WilliamsPresidentPhilco International Corporation

International Leadership Award Recipients

Established in 1980, the InternationalLeadership Award is bestowed upon asenior business executive who has madesignificant policy contributions to worldtrade and investment and to improvingthe global competitive framework inwhich American business operates.

2004Jean-René FourtouChairman and Chief Executive OfficerVivendi Universal

2003Charles O. Holliday, Jr.Chairman and Chief Executive OfficerDuPont

2002Richard D. McCormickPresidentInternational Chamber of Commerce

2001Philip M. ConditChairman and Chief Executive OfficerThe Boeing Company

1969-1972 Willis C. Armstrong Assistant Secretary of State for Economic and Business Affairs

1965-1969 Christopher H. PhillipsU.S. Representative to the UN Economic and Social Council

1961-1965Philip YoungU.S. Ambassador to the Netherlands

1953-1961Lloyd K. NeidlangerDean of Dartmouth College

1952-1953 Wilbert E. WardPresidentBankers Association for Foreign Trade

1949-1952 Norman S. TaborFinancial Consultant

1948-1949 Alvin E. DoddPresidentAmerican Management Association

1946-1948Arvid L. FrankBusiness Consultant

1945-1946John P, GreggU.S. Tariff Commissioner

2000George DavidChairman and Chief Executive OfficerUnited Technologies Corporation

1999 Michael R. BonsignoreChief Executive OfficerHoneywell International Inc.

1998 Abraham KatzPresidentUnited States Council for InternationalBusiness

1997 Joseph T. GormanChairman and Chief Executive OfficerTRW Inc.

1996 Alex TrotmanChairman and Chief Executive OfficerFord Motor Company

1995 Jerry R. JunkinsChairman and Chief Executive OfficerTexas Instruments Incorporated

1994 Lawrence A. BossidyChairman and Chief Executive OfficerAlliedSignal Inc.

1993Dexter F. BakerChairman of the Board's ExecutiveCommitteeAir Products and Chemicals, Inc.

1992 Frank PopoffChairman and Chief Executive OfficerThe Dow Chemical Company

1991Kay R. WhitmoreChairman and Chief Executive OfficerEastman Kodak Company

1990John S. ReedChairman and Chief Executive OfficerCiticorp/Citibank

1989 John F. AkersChairman and Chief Executive OfficerIBM Corporation

1988David M. RoderickCUSX Corporation

1987Edson W. SpencerChairman of the BoardHoneywell, Inc.

1986James D. Robinson IIChairman and Chief Executive OfficerAmerican Express Company

1985 John A. YoungPresident and Chief Executive OfficerHewlett-Packard Company

1984Edmund T. Pratt, Jr.Chairman and Chief Executive OfficerPfizer Inc

1983David RockefellerChairman and Chief Executive OfficerThe Chase Manhattan Bank

1982Lee L. MorganChairman and Chief Executive OfficerCaterpillar Tractor Co.

1981 Irving S. ShapiroChairman and Chief Executive OfficerE.I. du Pont de Nemours and Company

1980Reginald H. JonesChairman and Chief Executive OfficerGeneral Electric Company

1992USCIB represents industry at the

UN’s Rio Earth Summit

4

USCIB’s Global Network

USCIB’s unique global net-

work of business affiliates

provides unparalleled

access to international poli-

cy makers and regulatory

authorities worldwide. Our

members’ views are heard

in national capitals and at

major international econom-

ic forums around the world.

USCIB’s global approach

begins at home, with

Congress and the Executive

Branch. We have estab-

lished relationships with key

U.S. government depart-

ments and officials, who

look to USCIB for solid

business analysis on key

issues affecting U.S. com-

mercial interests and the

international economy.

Our advocacy role is

enhanced by an extensive

international network of

business affiliations,

through which USCIB pur-

sues world business con-

sensus and leadership on

critical international eco-

nomic issues, while we

ensure that business views

are communicated to inter-

national decision makers

and institutions.

Through USCIB, American

business executives meet

with their counterparts from

around the globe, including

those from developing

countries, to address policy

matters of mutual interest

and forge lasting business

relationships.

International Chamber of Commerce

Location: ParisFounded: 1919Membership: Business interests in over 140countries.Role: World Business Organization, officially rep-resenting business interests in the United Nationsand specialized intergovernmental agenciesthrough its top-level consultative status.Value to U.S. Business: Through ICC, USCIBdirectly communicates U.S. business views to suchorganizations as:

World Trade Organization (WTO)World Customs Organization (WCO)World Health Organization (WHO)World Intellectual Property Organization (WIPO)World Bank (IBRD)International Monetary Fund (IMF)U.N. Environment Program (UNEP)U.N. Conference on Trade and Development (UNCTAD)U.N. Commission on International Trade Law (UNCITRAL)U.N. Commission on Sustainable Development (CSD)International Telecommunications Union (ITU)European Union (E.U.)

USCIB also participates in ICC's work on interna-tional rules and guidelines for banking and com-mercial trading procedures, and for other com-mercial services. ICC provides a forum for U.S.business executives to meet with their counter-parts from around the globe, including those fromdeveloping countries.

International Organisation of Employers

Location: GenevaFounded: 1920Membership: Employers' organizations in 134countries.Role: Represents employers to the InternationalLabor Organization (ILO) and supports a strongprivate sector role in developing countries.Value to U.S. Business: The ILO sets labor stan-dards around the world through binding conven-tions, and it makes recommendations on work-place matters and social policy. Governments,employers and labor are equally represented inthe ILO’s unique tripartite structure. Through IOE,USCIB communicates U.S. business views to theILO on all facets of the ILO's work, includingstructural adjustment, education and training, ter-mination of employment and plant-closing regu-lations, social security, safety and health stan-dards, and conventions on minimum labor stan-dards in specific industries. USCIB also representsAmerican business in ILO monitoring of multina-tional corporate labor practices, and U.S. businessexperts may be nominated to take part in ILOfact-finding and other missions around the world.A senior USCIB representative serves as U.S.employer member of the ILO Governing Body. IOEalso works with other parts of the United Nationssystem on issues involving labor and socialaffairs, including the UN Global Compact.

Business and Industry AdvisoryCommittee to the OECD

Location: ParisFounded: 1962Membership: Private sector interests from theOECD's 30 member countries.Role: Business representative to the Organizationfor Economic Cooperation and Development, themain intergovernmental forum for consultationand cooperation on economic and social policyamong the free-market democracies of NorthAmerica, Western Europe and the Pacific.Value to U.S. Business: The OECD serves as animportant forum for dialogue between govern-ments in a variety of areas. Through BIAC, USCIBdirectly communicates business positions toOECD members, and the OECD secretariat, insuch areas as trade, economic and financial poli-cies, multinational corporate investment, e-com-merce and telecommunications policy, taxationpractices, and environmental regulation. SeniorU.S. executives regularly attend OECD meetingson a variety of topics, and they contribute toBIAC’s regular high-level consultations with min-isters from OECD member nations, to communi-cate the business viewpoint on leading economic,financial and social matters confronting theindustrialized world. In addition, non-membercountries such as China rely on the OECD forguidance in all areas of business policy and regulation, providing U.S. business with a keyadvisory role in crucial emerging markets.

U.S. Government

Foreign Governments

International Chamber

of Commerce

Organization for EconomicCooperation &Development

International Labor

Organisation

United Nations System

International Organisation of Employers

Business and Industry

Advisory Committee

5

Regional OutreachGlobal companies have a vital stake inensuring that regional economic blocs andthe rules that govern them are consistentwith, and reinforce, multilateral rules.USCIB’s global reach, as well as the breadthof our functional expertise, helps secureeffective liberalization at the multilateral andregional levels.

Asia and the PacificUSCIB presents U.S. business views to membersof the APEC forum on such issues as trade andinvestment, telecommunications, customs, envi-ronment, competition and transport. We havean active work program on China, focused bothon influencing Chinese trade and investment reg-ulations and on building private-sector bridges inpursuit of commercial development. And at anespecially propitious time for ties with India, wehave undertaken a joint initiative with the U.S.-India Business Council to focus attention on keybusiness and regulatory issues in India.

European UnionIt is crucial that U.S. business have an effectivetwo-way channel of communication withBrussels, whose ever-expanding regulatory reachtouches more and more U.S. companies. USCIBmaintains direct links to the EuropeanCommission, commenting on the overall relation-ship as well as the array of functional issues insuch areas as investment, competition, customs,electronic commerce, environment, intellectualproperty and trade policy.

Latin America and CanadaAn early and strong proponent of NorthAmerican economic integration, USCIB repre-sents American business interests under theNAFTA side agreements on labor and environ-ment, and participates in a NAFTA advisory com-mittee on private commercial disputes. We sup-port ratification of the Central America Free TradeAgreement, and we present business views onongoing negotiations toward a Free Trade Areaof the Americas.

Middle East and North AfricaThrough bilateral discussions and a new OECDinitiative, USCIB presents business views on eco-nomic reforms in the region, focusing on devel-oping transparent and open investment policies,and we weigh in on intellectual property protec-tion, trade and financial sector development.

Russia and Central AsiaThrough its overseas affiliates, USCIB providesbusiness expertise for technical assistance andprivate-sector development activities in Russiaand other transition countries. We are especiallyactive in advising the U.S. government on thenecessary criteria for Russia’s accession to theWorld Trade Organization.

Map Key

ICC national committee

IOE affiliate

ICC and IOE, plus BIAC member federation

6

2005 Priorities for Policy Advocacy

Stopping Counterfeiting and Piracy

Rampant counterfeiting and piracy, which now plague

every industry, are estimated to cost companies $600

billion each year. Not only does business lose out, but

costs are ultimately passed to consumers, health and

safety are put at risk, governments are deprived of tax

revenues, jobs are lost and much research and innova-

tion never happens.

Last year, to fight this growing scourge, the International

Chamber of Commerce launched an aggressive new pri-

vate-sector effort, Business Action to Stop Counterfeiting

and Piracy (BASCAP). One of its top priorities is a public

education campaign to underscore such costs to gov-

ernments around the world. ICC’s network of some 90

national committees, coupled with its long track record

of advocating stronger protection of intellectual property

rights, will play a major role in the effort.

A core group of CEOs from around the world will help

lead the initiative. BASCAP will complement and

strengthen existing business and governmental initiatives

to fight the spread of fakes. One key component will be

a major OECD study, prepared in close consultation with

industry, to assess the scope of the problem.

Delivering the Benefits of Expanded Trade

Trade is a powerful force in the global economy, and

U.S. companies as well as consumers stand to be the

biggest winners as the result of expanded international

commerce. But entrenched interests in many nations

are impeding future liberalization, while activist groups

loudly oppose further trade agreements.

Far and away, the biggest prize is the World Trade

Organization’s Doha Round, slated for completion by the

end of 2006, which is expected to slash market access

barriers around the world. In addition, important bilateral

and regional trade deals are on the table (Dominican

Republic-Central America Free Trade Agreement, similar

pacts with Thailand, the Andean nations and others), and

business must mobilize to ensure completion of strong

agreements and their adoption by the Congress.

USCIB will leverage its international network, especially the

International Chamber of Commerce and the Business

and Industry Advisory Committee to the OECD, to secure

overseas business support for key U.S. goals in the Doha

Round and move negotiations forward. We will work

closely with U.S. negotiators to ensure that business goals

are met in moving the round toward a successful conclu-

sion. And USCIB will continue to be an active player in

promoting a pro-trade agenda in Washington – on specific

trade agreements, WTO priorities and renewing the

President’s trade promotion authority.

In the coming year,USCIB members

will make recommendations to

policy makers andeffect change in the

global business environment in

numerous ways,working chiefly

through our policycommittees. An

overview of our top strategic

priorities for 2005.

continued on page 8

7

Main USCIB Committees and Working Groups

Arbitration

Banking

Biotechnology

China

Competition

Corporate Responsibility

Customs

Economies in Transition

Electronic Commerce

Environment

European Union

Financial Services

Food and Agriculture

Health Care

Intellectual Property

Investment

Labor and Employment

Marketing and Advertising

Taxation

Telecommunications

Trade Policy

Transportation

The Global Business Agenda 2005

8

Promoting Sensible Financial and Tax PoliciesFinancial and tax scandals have moved corporate gover-nance and accounting standards to the front page, andthe front burner. At the same time, the U.S. economyhas a vital stake in improving access to foreign financialmarkets and in promoting sensible tax policies at homeand abroad.

USCIB views the OECD’s Principles of CorporateGovernance – covering fundamental issues of sharehold-er rights, disclosure, transparency and the role of corpo-rate boards – as a framework for outreach to othercountries. The International Chamber of Commerce willcontinue its innovative regional roundtables on gover-nance, building upon momentum generated by the kick-off event in Beijing in 2004, and will continue to improveits corporate governance website as a “how-to” resourcefor firms in developing countries.

In addition, in the tax area, we anticipate stepped-updialogue in the OECD on such issues as permanentestablishment and dispute settlement procedures.USCIB will continue to aggressively represent the inter-ests of U.S. companies in international tax discussions.

Securing the Internet’s PromiseThe full potential of the Internet, and of information tech-nology in general, can only be realized in a regulatoryenvironment that promotes e-commerce, and that allowsbusinesses and consumers to seize its benefits. Butmany policy makers continue to pursue unnecessary,harmful or inconsistent regulation at the national andinternational levels. USCIB and its global business net-work are working at the highest levels to ensure theInternet’s continued growth as a commercial medium.

A top priority for business is the UN’s World Summit onthe Information Society (WSIS), which is expected toconclude in Tunis in November 2005. WSIS has so farproved a useful forum for governments and variousstakeholders to discuss the future of the Internet andways to harness information and communication tech-nologies for development. But key questions remain,including Internet governance and financing mechanismsto help bridge the digital divide. WSIS will only be a suc-cess if it helps, rather than hinders, the unleashing of theInternet’s full promise.

Confronting the Threat of ExtraterritorialityThe application of a nation’s laws outside its borders,extraterritoriality has been on the rise, especially with theU.S. Alien Tort Statute (ATS) being used to target theoverseas activities of multinational companies. But otherexamples of extraterritoriality abound, from the YahooFrance case to restrictions on Cuba trade under ourHelms-Burton law.

With the International Chamber of Commerce, USCIB willincreasingly bring the views of U.S. and global businessto bear on the full range of extraterritorial measures. Wehave weighed in on recent ATS cases in the U.S.Supreme Court and in lower courts. While the scope ofthe law has been narrowed somewhat, it is our hope thatthe courts will see fit to curtail abuse of this statutebefore permanent damage is done to U.S. commercialand diplomatic relations.

Moreover, recognizing the need for urgent and coordinat-ed action, ICC has established a task force on extraterri-toriality, with specific recommendations for governmentsto take into account in crafting new laws. This buildsupon decades of experience at the world business organ-ization in helping companies and governments deal withthe realities of the ever-changing global marketplace.

Making International Organizations More EffectiveCompanies value USCIB’s longstanding role representingbusiness views in major international organizations,including the United Nations system, the Organization forEconomic Cooperation and Development, and theInternational Labor Organization. Our members have aclear interest in making sure these organizations functioneffectively and remain focused on their core mandates.

The UN’s effectiveness and credibility will have a majorimpact on the international community’s efforts to pro-mote development and address common environmental,health, human rights and other challenges. One key areaof concern: business must resist attempts by activists,and some governments, to shoulder companies with pri-mary responsibility for enforcing human rights via newUN “norms” for business.

In the ILO, employers will work hard to keep the organi-zation focused on setting global labor standards, in theface of efforts by many in the ILO to tackle issues relatedto globalization better addressed elsewhere. In theOECD, governments will need to identify a qualified sec-retary general to succeed Donald Johnston, while thebusiness community will continue to assert its role inshaping policy via the Business and Industry AdvisoryCommittee to the OECD.

9

Companies valueUSCIB’s longstandingrole representingbusiness views inmajor internationalorganizations, including the UnitedNations system, theOrganization forEconomicCooperation andDevelopment, andthe InternationalLabor Organization.

10

2004 Accomplishments

In a year when the term “outsourcing” enteredthe popular lexicon, rhetoric often obscuredthe clear benefits to the United States econo-my of open markets. The truth is, foreigntrade and investment by U.S. companies con-tributed mightily to the ongoing transformationof what used to be called the Third World.China and India accelerated economic liberal-ization, creating tremendous opportunities forproducers, workers and consumers.

But politicians in the U.S. and other industrial-ized countries were slow to promote tradeand investment, especially during a U.S. elec-tion year. While the prospects for meaningfultrade liberalization, in particular a successfulconclusion to the World Trade Organization’sDoha Round, appear within reach, our leadersmust commit themselves to making the hardchoices necessary to reach agreement.

Global business isn’t just about trade. USCIBmembers fought for more sensible interna-tional regulations on a variety of fronts. Sixtyyears after our founding, USCIB’s overarchinggoal of promoting a more open system ofworld trade, finance and investment remainsthe same. But the number of issues andforums in which we pursue this goal has mul-tiplied, as illustrated by the following snapshotof major USCIB achievements in 2004.

Anti-CorruptionUSCIB worked to build support for the UNConvention on Corruption, while seeking toprotect firms from frivolous abuses. We con-tinued to push for implementation of theOECD’s anti-bribery treaty, while urging gov-ernments to do more to curb the "demandside" by taking action against corrupt govern-ment employees.

BiotechnologyBusiness pushed the EU to lift its moratoriumon approvals of genetically modified crops,citing negative effects on trade and innova-tion, and opposed the EU’s proposed “trace-ablility” and labeling regulations.

China and IndiaUSCIB worked to foster and deepen China'sengagement with the OECD on a range ofissues, including intellectual property protec-tion, and we provided recommendations tothe Indian government on ensuring an efficient,reliable and affordable telecommunicationsmarket, and on sensible privacy protection.

Corporate GovernanceUsing the OECD’s Principles of CorporateGovernance as a benchmark, USCIB mem-bers played a leading role in promoting busi-ness dialogue on the most effective interna-tional governance standards for both industri-alized and developing countries.

Corporate ResponsibilityBusiness criticized efforts in the UNCommission on Human Rights to impose“norms” on companies as both counter to the

voluntary nature of corporate responsibilityand an abdication of governmental duties topolice human rights. USCIB rallied interna-tional business opposition to the proliferationof human rights lawsuits against multinationalcompanies under the U.S. Alien Tort Statute,which a Supreme Court ruling narrowed butdid not entirely eliminate.

Customs, Transportation and SecurityUSCIB’s longstanding goal of addressingtrade facilitation in the WTO got a boost whengovernments agreed to include it in the finalpush to conclude the Doha Round. U.S.business also provided key input to the WorldCustoms Organization’s efforts to improvesecurity and speed trade.

E-Commerce and TelecommunicationsUSCIB channeled U.S. private-sector viewsinto the UN’s World Summit on the InformationSociety, focusing attention on what govern-ments can do to enhance access to informa-tion technologies, ensure the continued stabili-ty of the Internet and help bridge the digitaldivide. We also worked to find creative waysto tackle spam and related problems.

EnvironmentUSCIB helped scale back the EuropeanCommission’s proposal for broad chemicalsregulation, but the revised measure still failedthe cost-benefit test. In the UN, world busi-ness urged governments to move beyond thenarrow debate over the Kyoto Protocol toaddress the long-term challenges of climatechange, including appropriate frameworks toenable technological solutions.

European AffairsThe integration of ten new members into theEuropean Union was cause for both opti-mism and distraction in Brussels. Inresponse to continued friction on trade andregulatory matters, USCIB and several lead-ing European and U.S. business groupscalled on their respective governments tobolster transatlantic relations.

Intellectual Property RightsUSCIB and its business network helped leadthe global wake-up call against product coun-terfeiting and media piracy, helping establish anew ICC-led initiative, Business Action to StopCounterfeiting and Piracy (BASCAP).Companies also took an active role in the first-ever global anti-counterfeiting congress, urginggovernments to enforce existing IPR laws.

Labor and EmploymentEmployers sought to keep the InternationalLabor Organization focused on its core man-date of labor standards, resisting attempts toshift the organization’s primary attention tomacroeconomic issues or globalization. At theUN’s Fifteenth International AIDS Conferencein Bangkok, business stressed the need forhigh-level leadership and joint efforts to com-bat the epidemic’s effects in the workplace.

Marketing and AdvertisingIn the face of escalating claims against foodcompanies over the health effects of theirproducts, ICC issued a much-anticipated callfor a new framework of advertising and mar-keting principles to encourage responsiblefood and beverage communications world-wide.

TaxationUSCIB was instrumental in providing businessinput into ongoing revision of the OECD’smodel income tax treaty, and we pushed forswift Senate ratification of the revised U.S.-Japan income tax treaty.

Trade and InvestmentBusiness pushed WTO members to lay theframework for completion of the DohaRound, and supported complementary U.S.efforts to strike trade pacts with CentralAmerica and a number of other countries.USCIB contributed views to the new U.S.model bilateral investment treaty, voicingconcern that the U.S. was watering downprotections for foreign investment.

Pictured: USCIB's Thomas Niles and EuropeanCommissioner Erkki Liikanen at a USCIB forum.

Pictured: OECD Deputy Secretary General RichardHecklinger, Richard M. Hammer, USCIB’s tax coun-sel, at a major USCIB conference on the OECD’s role ininternational tax policy.

11

2004: A Year of Challenge & Accomplishment

Sixty yearsafter ourfounding,USCIB’s overarchinggoal of promoting amore opensystem ofworld trade,finance andinvestmentremains the same.

12

ICC Marrakesh CongressInternational Chamber of Commerce WorldCongresses have been a hallmark of the organizationsince its founding in 1919. ICC’s 35th World Congresstook place in June 2004 in Marrakesh, Morocco, underthe theme, “Standing Up for the Global Economy.”Over 1,000 private sector leaders and government offi-cials took part.

Among the highlights:• Industry leaders from every region and all

sectors outlined plan to fight the theft of intellectual property

• Innovative ICC-UNDP awards recognized a number of companies for outstanding projects in support of the UN’s Millennium Development Goals

• ICC appealed for swift conclusion of the WTO’s Doha Round

• World business mapped out a number of key steps to help bridge the digital divide

• In the face of growing threats from piracy and terrorism, companies called for coordinated action to secure the world’s shipping lanes

At left: Former French President Valéry Giscard d’Estaing, president ofthe European Union’s constitutional convention, discussed the EU’senlargement and coming constitutional changes. At right: DavidBenjamin of Universal Music Group and Marie-Thérèse Huppertz ofMicrosoft lead a discussion on combating counterfeiting and piracy.

Annual DinnerAccepting USCIB’s 2004 International LeadershipAward, Vivendi Universal’s Jean-René Fourtouunveiled a major worldwide business initiative to curbthe proliferation of fake products. As ICC Chairmanduring 2003-2004, Mr. Fourtou acted quickly inresponse to loud pleas from executives around theworld for an ICC-led effort. He later chaired keyorganizing meetings of Business Action to StopCounterfeiting and Piracy (BASCAP), as the initiativewas christened. BASCAP will work in a targeted man-ner to increase awareness in offending countries of theeconomic costs of turning a blind eye to intellectualproperty rights abuses, and will support governmentefforts to stamp out counterfeiting and piracy.

JanuaryCarnet UsageReaches All-Time HighUSCIB announces that2003 was a record yearfor American use of ATACarnets, the “merchan-dise passports” thatspeed duty-free andtax-free entry of variousgoods sent abroad.

FebruaryBiodiversity Conference,Kuala LumpurICC leads an industry delegation to the7th conference of parties to the UNConvention on Biological Diversity,offering business expertise to helpcountries promote biodiversity.

MarchThe Long Arm of the LawIn separate submissions, USCIB urgesthe Supreme Court to curtail the extra-territorial application of U.S. law viathe Alien Tort Statute and overly ambi-tious antitrust rulings.

AprilU.S.-Japan Tax Treaty

Tax season gets a little less trying for U.S. companies with operations inJapan, as the two trading partners ratify an overhauled treaty on taxation.

MayNew Members Swell the European Union

EU enlargement spurs optimism compared by Enterprise CommissionerErkki Liikanen to that which greeted the fall of the Berlin Wall.

2004 Annual Gala Sponsors

Altria Corporate Services

Deloitte

The Dow Chemical Company

DuPont

ExxonMobil

General Motors

Johnson & Johnson

Merck & Co., Inc.

NBC Universal

Oracle Corporation

PepsiCo, Inc.

Pfizer Inc

PricewaterhouseCoopers

The Procter & Gamble Company

Roanoke Trade Services

Universal Music Group

Verizon Communications

Weil, Gotshal & Manges LLP

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2004 Highlights

JuneICC World Congress, MarrakeshWorld business calls for urgent action to stimulate growth,promote security and protect intellectual property.

JulyUN Climate Talks ContinueTen years after the UN FrameworkConvention on Climate Change, partieshave yet to implement the KyotoProtocol or the proposed “clean devel-opment” mechanism.

AugustDoha Round Backon TrackCompromise on agriculturebreathes new life into theWorld Trade Organizationtalks, after a year in thedoldrums following 2003’sfailed Cancún ministerial.

SeptemberChina Makes Progress onWTO ObligationsA USCIB statement says, while hurdlesremain, the U.S. and Chinese governmentshave resolved a number of key disputeshindering China’s full integration into theglobal economy

OctoberFourtou Declares War on FakesHonored by USCIB, Vivendi chief Jean-René

Fourtou launches a new ICC-led initiative,Business Action to Stop Counterfeiting and

Piracy (BASCAP).NovemberCall for Practical Steps by UNon Business and Human Rights USCIB calls for practical actions by the UNto spur better government enforcement ofhuman rights standards and to dispelmounting confusion about companies’responsibilities.

DecemberBusiness Pledges Tsunami Aid

New ICC Chairman Yong Sung Park of Korealeads the world business organization’s

efforts to assist smaller companies over-come the catastrophe.

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USCIB Business Services

ATA Carnet: Speeding Temporary Exports

Through its unique ATACarnet "merchandise pass-port" service, USCIB enablesduty-free, tax-free temporaryexport of many types ofgoods. The year 2004 sawrecord usage of Carnets byU.S. firms.

Carnets are accepted in over 75 countries, and theglobal ATA Carnet system is overseen by the Paris-based International Chamber of Commerce in coop-eration with the World Customs Organization. (Theacronym “ATA” is a combination of the French andEnglish abbreviations for “temporary admission.”)

In December 2004, USCIB began instituting anumber of new procedures, including aredesigned Carnet form, to better meet the needsof Carnet users and to ensure the smooth func-tioning of the growing international network ofcountries accepting ATA Carnets.

ATA Carnets a Home Run for SchenkerBaseball is an Olympic sport, and when globallogistics leader Schenker USAneeded to get tons of baseball equipment toAthens, Greece for the 2004 Olympic Games, theyknew just what to do – call USCIB's ATA CarnetExport Service. ATA Carnets unlock customs.They speed the temporary importation of commer-cial samples, professional equipment and goodsfor exhibitions and fairs by eliminating payment ofimport duties and value added taxes, replacing thepurchase of temporary import bonds and helpingyou avoid extensive customs delays.

ICC Dispute Resolution Services

The International Chamber of Commerce has longbeen the world’s preeminent organization in thefield of international commercial dispute resolution.We provide assistance in the nomination of arbitra-tors, make referrals to parties seeking attorneys,organize seminars and corporate roundtables, andanswer questions regarding the arbitration processand other ICC dispute resolution services.

Through our Arbitration Committee, USCIB servesas the contact point for ICC’s multifaceted disputeresolution services. We provide assistance in thenomination of arbitrators, makes referrals to partiesseeking attorneys, organizes seminars and corpo-rate roundtables, and answers questions regardingthe arbitration process and other ICC dispute reso-lution services.

ICC has developed a wide range of dispute resolutionservices to provide international business with alterna-tives to court litigation, including arbitration, pre-arbi-tral referee, appointing authority, amicable dispute res-olution, dispute board rules, the ICC InternationalCenter for Expertise and DOCDEX (DocumentaryInstruments Dispute Resolution Expertise).

Corporate Governance: Making a Difference

USCIB is making its mark in promoting awarenessand business information on good governancepractices for business.

We fielded a team of experts to assist the 30-nation Organization for Economic Cooperation andDevelopment revise its highly influential OECDPrinciples of Corporate Governance.

USCIB members spearheaded a unique seminar inBeijing examining financial-sector governanceissues in China. And we are helping develop theInternational Chamber of Commerce's respectedcorporate governance website, which providesguidance for companies in less developed marketsto help them meet ever-increasing scrutiny of cor-porate governance worldwide.

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Other USCIB BusinessServices

Chambers of CommerceThrough special membership arrange-ments, chambers of commerce andrelated business groups can leverageUSCIB’s experience, resources andcontacts – including ICC's WorldChambers Federation – to help theirmembers keep pace with the fast-changing global marketplace.

Information SecurityThe Internet’s global growth has creat-ed an interconnected world wheresecurity is only as strong as its weak-est link. U.S. companies and industryassociations are working diligently toensure that private- and public-sectorefforts to improve online security aremutually supportive.

eTraderoomAn indispensable workflow manage-ment tool to help your business man-age its critical international tradeprocess from order to fulfillment.Subscribe through USCIB and receivea 20% discount!

ICC Commercial Crime ServicesCommercial crime is taking an increas-ingly serious toll on global business.ICC’s Commercial Crime Serviceshave saved companies and individualinvestors billions of dollars in potentialfraud, offering services tailored to indi-vidual needs for company security andprotection.

FDI XchangeThe World Bank’s premier investor e-mail alert service, brought to you inpartnership with USCIB. FDI Xchangeprovides investors with invaluable mar-ket analysis and information on invest-ment opportunities in key emergingmarkets, tailored to subscribers' areasof interest.

Banking and Trade FinanceICC is the arbiter of banking techniqueand practice under UCP 500, its uni-versally accepted rules on letters ofcredit. USCIB is working to ensurethat the international banking andtrade finance system completes thetransition to electronic presentation ofdocuments – the eUCP.

Incoterms 2000The official ICC rules for the interpreta-tion of trade terms used in internation-al sales contracts. USCIB organizesseminars to educate the internationaltrade community on the correct usageof Incoterms.

“Cisco Systems, Inc. has utilized Carnets for international shipmentsfor years now. Not only hasthe tax and duty savingsrealized benefited this program, but the ease inclearing customs worldwidehas assisted in reducingtransit times.”Carla Cravalho, Global Customs Program Manager, Cisco Systems, Inc.

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USCIB Committees

Our roster of specialized com-

mittees is the backbone of

USCIB’s policy advocacy on

behalf of American business.

Executives from member firms

lend their leadership, expertise

and influence to our efforts in a

wide variety of topical fields

affecting the operations of U.S.

firms abroad. Combined with

outreach and direct advocacy by

USCIB staff experts, these com-

mittees are essential to our suc-

cess is giving business a seat at

the table in international eco-

nomic discussions and other

important forums.

Executive CommitteeChair:

William G. ParrettChief Executive OfficerDeloitte

Finance and Oversight CommitteeChair:

J. Frank BrownManaging Partner, New YorkPricewaterhouseCoopers LLP

ArbitrationChair:

Louis B. KimmelmanPartnerO'Melveny & Meyers LLP

Subcommittees and their chairs:

District of Columbia(temporarily vacant)

MidwestJavier RubinsteinPartnerMayer Brown, Rowe & MawNorthwest

NorthwestSteve SmithPartnerO'Melveny & Meyers LLP

Rocky MountainDavid WilsonPartnerHolme Roberts & Owen LLP

SoutheastA. Stephens ClayPartnerKilpatrick Stockton LLP

SouthwestDoak BishopLitigation PartnerKing & Spalding

Southern CaliforniaFred G. BennettSenior PartnerQuinn Emanuel Urquhart & Oliver LLP

Young Arbitrators ForumJohn FellasPartnerHughes Hubbard & Reed LLP

BankingChair:

Donald R. SmithVice President, Client ServicesNorman Technologies

BiotechnologyChair:(temporarily vacant)

Vice Chair:Richard A. JohnsonSenior PartnerArnold & Porter, LLP

ChinaChair:

Clarence KwanNational Managing PartnerChinese Services GroupDeloitte & Touche LLP

Vice Chair:Richard J. Ferris, Jr.PartnerHolland & Knight LLP

CompetitionChair:

Michael D. BlechmanPartnerKaye Scholer LLP

Vice Chair:James F. RillSenior PartnerHowrey Simon Arnold & White, LLP

Corporate ResponsibilityChair:

Gene EndicottPublic Affairs DirectorAgilent Technologies, Inc.

Vice Chair:Clifford HenryAssociate Director, CorporateSustainable DevelopmentThe Procter & Gamble Company

Customs and Trade FacilitationChair:

Jerry CookVice PresidentInternational TradeSara Lee Branded Apparel

Economies In TransitionChair:

Alan G. StrausPartnerSkadden, Arps, Slate, Meagher & Flom LLP

Electronic CommerceChair:Edward J. ReganVice PresidentTechnology & Risk ControlJ.P. Morgan Chase & Company

Vice Chair:Joseph AlhadeffVice President Global Public PolicyOracle Corporation

Subcommittees and their chairs:

Consumer ProtectionScott CooperManager, Technology PolicyHewlett-Packard Company

Cyber SecurityJoseph AlhadeffVice PresidentGlobal Public PolicyOracle Corporation

Data ProtectionCharles A. PrescottVice PresidentInternational BusinessDevelopment & Government AffairsDirect Marketing Association

Electronic Jurisdiction and Choice of LawChair: (temporarily vacant)

ICANNMitchell BompeyExecutive DirectorMorgan Stanley

EnvironmentChair:

George D. CarpenterDirectorCorporate Sustainable DevelopmentThe Procter & Gamble Company

Subcommittees and their chairs:

Climate ChangeDavid F. LewisVice PresidentGovernment AffairsLENNOX International, Inc.

Sustainable Consumption & Product PolicyErnest S. RosenbergPresident and Chief Executive OfficerThe Soap and Detergent Association

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European UnionChair:

Michael W. HodinVice President, Corporate AffairsPfizer Inc.

Financial ServicesChair:(temporarily vacant)

Economic and Financial Policy Working GroupChair:Philip A. SwanChief EconomistIBM Corporation

Food and AgricultureChair:

Donald M. NelsonVice PresidentInternational Trade RelationsAltria Corporate Services, Inc.

Intellectual PropertyChair:

Ronald E. MyrickPartnerFinnegan, Henderson, Farabow,Garrett & Dunner LLP

Vice Chair:Robert L. MallettSenior Vice PresidentCorporate AffairsPfizer Inc.

InvestmentChair:

R. Scott MillerDirectorNational Government RelationsThe Procter & Gamble Company

Vice Chair:Edwin D. WilliamsonPartnerSullivan & Cromwell LLP

Labor and EmploymentChair:

Stefan GorkinVice PresidentGlobal Labor RelationsColgate-Palmolive Company

Marketing And AdvertisingChair:

John F. ManfrediSenior Vice PresidentCorporate AffairsThe Gillette Company

TaxationChair:

Michael P. ReillyVice President, TaxationJohnson & Johnson

Subcommittees and their chairs:

BIACMichael P. ReillyVice President, TaxationJohnson & Johnson

Consumption TaxKaren MyersDirector, Tax and Trade PolicyEDS Corporation

Inbound InvestmentSolomon PackerOf CounselSalans

Legislative & Administrative DevelopmentsAndrew BreslowTax CounselExxonMobil Corporation

Tax TreatiesHenry J. BirnkrantPartnerAlston & Bird LLP

Transfer Pricing William W. ChipPartnerCovington & Burling

Michael MasonPartnerPricewaterhouseCoopers LLP

TelecommunicationsChair:

Kenneth W. LeesonManaging DirectorCullen International, Inc.

Vice Chair:Kim J. AmblerDirectorInformation Services Policy AffairsThe Boeing Company

Subcommittees and their chairs:

Basic and Value-Added ServicesBeverly W. AndrewsPresidentB1 Global Consultants

Computer and Related ServicesSteven W. StewartDirector, Public AffairsIBM Corporation

ITU MattersAnn C. IsheeSenior ManagerSprint Corporation

Herbert E. MarksSenior CounselSquire, Sanders & Dempsey L.L.P.

Trade PolicyChair:

Nancie S. JohnsonVice PresidentGovernment AffairsDuPont

Subcommittee on ServicesChair:Charles P. Heeter, Jr.PartnerDeloitte & Touche LLP

TransportationChair:

Donald L. O'HareVice PresidentWorld Shipping Council

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USCIB Officers

Chairman:William G. ParrettChief Executive OfficerDeloitte

Vice Chairs:Ronald O. BaukolExecutive Vice PresidentInternational OperationsMember of the Board (Ret.)3M Company

W.D. EberleChairmanManchester Associates, Ltd.

Edward G. GalanteSenior Vice PresidentExxonMobil Corporation

Charles O. Holliday, Jr.Chairman and Chief Executive OfficerDupont

Richard D. McCormickChairman Emeritus, U S WEST, Inc.

Thomas M.T. NilesRetired President, USCIB

Dean R. O'HareRetired Chairman and CEOThe Chubb Corporation

Treasurer:J. Frank BrownGlobal LeaderAssurance Business Advisory ServicesPricewaterhouseCoopers LLPChairman, Finance & Oversight Commitee

Secretary:John E. Merow, Esq.Senior CounselSullivan & Cromwell

President:Peter M. RobinsonPresident and CEOUSCIB

USCIB Executive Committee: The Executive Committee consists of at-largeelected Members and Ex-Officio Members (USCIB Officers and Chairmen of majorcommittees).

Joseph AlhadeffVice PresidentGlobal Public PolicyOracle Corporation

Gerald Aksen, Esq.PartnerThelen Reid and PriestThomas F. BeddowStaff Vice PresidentPublic Affairs and Government Markets3M

Michael D. BlechmanPartnerKaye Scholer LLP

Leonard J. CaliVice PresidentLaw & Director of Federal Government AffairsAT&T Corporation

George D. CarpenterDirectorCorporate Sustainable DevelopmentThe Procter & Gamble Company

Daniel W. ChristmanSenior Vice PresidentInternational AffairsU.S. Chamber of Commerce

Kenneth P. Cohen Vice PresidentPublic AffairsExxonMobil Corporation

James J. CookVice PresidentInternational Customs Sara Lee Branded Apparel

Frank P. DoyleFormer Executive Vice PresidentGeneral Electric Company

Gene EndicottPublic Affairs DirectorAgilent Technologies, Inc.

Brant W. FreeSenior Vice PresidentFinancial Services The Chubb Corporation

R. Michael Gadbaw, Esq.Vice President and Senior Counsel for International Law & PolicyGeneral Electric Company

C. Meade Geisel, Jr.Private InvestorHessler Properties, Inc.

Stefan GorkinVice President, Global Labor RelationsColgate-Palmolive Company

Dr. W. Brian Healy, Ph.d.Vice PresidentEconomic and Industrial PolicyMerck & Co., Inc.

Charles P. Heeter, Jr.PartnerInternational Government RelationsDeloitte & Touche LLP

Michael W. HodinVice PresidentCorporate AffairsPfizer Inc.

William J. HudsonRetired Vice ChairmanChief Executive Officer, PresidentAMP Incorporated

Rod IrvinVice PresidentGovernment RelationsEastman Chemical Company

Lionel C. JohnsonVice President & DirectorInternational Government RelationsCitigroup Inc.

Nancie S. JohnsonVice PresidentE.I. Du Pont External Affairs

Abraham KatzPresident EmeritusUSCIB

Dusty KiddVice President of Nike ComplianceNike, Inc.

Louis B. KimmelmanPartnerO’Melveny & Meyers LL

Romeo KreinbergSenior Vice President, PlasticsThe Dow Chemical Company

Kenneth W. LeesonManaging DirectorCullen International, Inc.

John F. ManfrediSenior Vice PresidentCorporate AffairsThe Gillette Company

William B. Matteson, Esq.Debevoise & Plimpton

Irene W. MeisterPrincipalIrene Meister & Associates

R. Scott MillerDirectorNational Government RelationsThe Procter & Gamble Company

Bruce MoatsPrincipalMoats & Associates

Ronald E. MyrickPartnerFinnegan, Henderson, Farabow, Garrett & Dunner LLP

Donald L. O’HareVice PresidentWorld Shipping Council

Preston PaddenExecutive Vice PresidentGovernment RelationsThe Walt Disney Company

Steven ParrishSenior Vice PresidentCorporate AffairsAltria Group, Inc

Edward J. ReganVice PresidentTechnology & Risk ControlJ.P. Morgan Chase & Company

Michael P. ReillyVice President, TaxationJohnson & Johnson

Jonathan SiegfriedManaging DirectorNew York OfficeThelen Reid and Priest

Donald R. SmithVice PresidentNorman Technologies

Alan G. StrausPartnerSkadden, Arps, Slate, Meagher & Flom LLP

William R. SweeneyVice PresidentGovernment AffairsEDS Corporation

Arnold F. WellmanSenior Vice PresidentDomestic International Government AffairsUnited Parcel Service

Edwin D. Williamson, Esq.PartnerSullivan & Cromwell

Margaret S. WilsonChairman of the Board and Chief Executive OfficerScarbroughs

David L. WrightFormer Vice PresidentGovernment AffairsPepsiCo, Inc.

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Board of Trustees

Gerald Aksen, Esq.PartnerThelen Reid and Priest

Gerald L. Baliles, Esq.Hunton & Williams

Edward W. BarnholtChairmanPresident and Chief Executive OfficerAgilent Technologies, Inc.

Craig R. BarrettChief Executive OfficerIntel Corporation

Ronald O. BaukolExecutive Vice President, International Operations; Member of the Board (Ret.)3M Company

Daniel W. ChristmanSenior Vice President, International RelationsU.S. Chamber of Commerce

Alston D. CorrellChairman & Chief Executive OfficerGeorgia-Pacific Corporation

John F. Crawford, Esq.PartnerJones Day

George DavidChairman and Chief Executive OfficerUnited Technologies Corporation

Samuel A. DiPiazza, Jr.Global Chief Executive OfficerPricewaterhouseCoopers LLP

W.D. EberleChairmanManchester Associates, Ltd.

Robert EssnerChairman, President & Chief Executive OfficerWyeth Pharmaceuticals

Lawrence J. EllisonChairman and Chief Executive OfficerOracle Corporation

Paul D. Friedland, Esq.PartnerWhite & Case LLP

J. Brian FergusonChairman & Chief Executive OfficerEastman Chemical Company

Edward GalanteSenior Vice PresidentExxonMobil Corporation

C. Meade Geisel, Jr.Private InvestorHessler Properties, Inc.

Thomas A. GottschalkExecutive Vice President of Law and Policy and General CounselGeneral Motors Corporation

Alan R. GriffithVice ChairmanThe Bank of New York Company, Inc.

Alan G. HassenfeldChairman and Chief Executive OfficerHasbro, Inc.

Benjamin W. Heineman, Jr.Senior Vice PresidentGeneral Counsel and SecretaryGeneral Electric Company

Charles O. Holliday, Jr.Chairman and Chief Executive OfficerDupont

Philip K. HowardVice ChairCovington & Burling

E. Neville IsdellChairman of the Boardand Chief Executive Officer

The Coca-Cola Company

Clayton M. JonesChairman, President & Chief Executive OfficerRockwell Collins

Michael JordanChairman & Chief Executive OfficerEDS Corporation

Andrea JungChairman and Chief Executive OfficerAvon Products, Inc.

Richard M. KovacevichChairman, President and Chief Executive OfficerWells Fargo & Company

Romeo KreinbergSenior Vice President, PlasticsThe Dow Chemical Company

Richard KuzmichPresidentAssociated Merchandising Corporation

Alan G. LafleyChairman of the BoardPresident & Chief Executive OfficerThe Procter & Gamble Company

John A. Luke, Jr.Chairman of the Board & Chief Executive OfficerMeadWestvaco Corporation

John F. ManfrediSenior Vice President, Corporate AffairsThe Gillette Company

Richard D. McCormickChairman Emeritus, US WEST and Past ChairmanInternational Chamber of Commerce

Henry A. McKinnellChairman of the Board & Chief Executive OfficerPfizer, Inc.

C. Steven McMillanChairman & Chief Executive OfficerSara Lee Corporation

Dean R. O'HareChairman & Chief Executive Officer (Ret.)The Chubb Corporation

Eugene O’KellyChairman & Chief Executive OfficerKPMG LLP

Preston PaddenExecutive Vice PresidentGovernment RelationsThe Walt Disney Company

William G. ParrettChief Executive OfficerDeloitte

Thomas A. RussoVice Chairman & Chief Legal OfficerLehman Brothers

Robert E. SchjervenChief Executive OfficerLENNOX International, Inc.

Stratton SclavosPresident and Chief Executive OfficerVeriSign, Inc.

Ivan G. SeidenbergChairman and Chief Executive OfficerVerizon Communications

Jonathan SiegfriedManaging Director, New York OfficeThelen Reid and Priest

Bradford L. SmithSenior Vice PresidentGeneral Counsel and Corporate SecretaryMicrosoft Corporation

Frederick W. SmithChairmanPresident & Chief Executive OfficerFedEx Corporation

John M. Townsend, Esq.PartnerHughes Hubbard & Reed

James S. TurleyChairman and Chief Executive OfficerErnst & Young LLP

William C. TurnerChairmanArgyle Atlantic Corporation

Charles R. WilliamsonChairmanChief Executive Officer & PresidentUnocal Corporation

Edwin D. Williamson, Esq.PartnerSullivan & Cromwell

Margaret S. WilsonChairman of the Board and Chief Executive OfficerScarbroughs

Alan Wm. Wolff, Esq.Managing Partner, D.C. OfficeDewey Ballantine

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USCIB MembersAbbott LaboratoriesAce Ina Holdings Inc.ACXIOM CorporationAffymetrix, Inc.Agilent Technologies, Inc.Akin, Gump, Strauss, Hauer & FeldAltria Group, Inc.Alston & BirdAmazon.comAmerican Chemistry CouncilAmerican Express CompanyAmerican Forest & Paper AssociationAmerican International Group, Inc.American Petroleum InstituteAmerican Standard Inc.Anritsu CompanyAPL LimitedArborGen LLCArnold & PorterATOFINA Chemicals, Inc.AT&T CorporationAvon Products, Inc.

Baker Botts LLPBarrington (Ill.) Area Chamber of CommerceBaker & McKenzieBank of New York Company, Inc., TheBarnes, Richardson & ColburnBaxter Healthcare CorporationBellSouth CorporationBeveridge & DiamondBiotechnology Industry OrganizationBoeing Company, TheBooz Allen & Hamilton InternationalBT North America Inc.Business Council of New York StateBusiness Software Alliance

Cadwell Laboratories, Inc.California Chamber of CommerceThe Capitol Hill GroupCaterpillar, Inc.CBS Inc.Chamber of Shipping of AmericaChevronTexaco CorporationChristie's, Inc.Chubb CorporationCIB (Corporation for International Business)Cisco Systems, Inc.Citigroup, Inc.Citrix Systems, Inc.Cleary, Gottlieb, Steen & HamiltonCoca-Cola Company, TheColgate-Palmolive CompanyCollier Shannon Scott, PLLCCompassRose International, Inc.CompTIAConsumer Electronics AssociationConsumer Healthcare Products AssociationConsumer Specialty Products AssociationCoudert FreresCouncil of Better Business BureausCovington & BurlingCropLife AmericaCrowell & Moring LLPCullen InternationalCurtis, Mallet-Prevost, Colt & Mosle

Darby & Darby, P.C.DeYoung, Inc., J. & S.S.Debevoise & PlimptionDeloitte & ToucheDelphi CorporationDewey BallantineDirect Marketing Association, TheThe Walt Disney CompanyDispute Resolution Board FoundationDow Chemical Company

DRS Signal SolutionsDuke Energy CompanyDuPont (E.I. du Pont de Nemours & Co.)

Eastman Chemical CompanyEastman Kodak CompanyEbayEDS Corp.Electronics Industries Alliance (EIA)Ernst & YoungEvans & SutherlandExxonMobil Corporation

Fairchild Semiconductor CorporationFedEx CorporationFederation of International Trade Associations (FITA)Finnegan, Henderson, Farabow, Garrett & Dunner,L.L.P.Paul Fisher, Inc.Flir SystemsFlorida Chamber of CommerceFord Motor CompanyFreshfields Bruckhaus DeringerFried, Frank, Harris, Shriver & JacobsonFulbright & Jaworski

The Gap, Inc.Gardere Wynne Sewell L.L.P.Genencor InternationalGeneral Dynamics CorporationGeneral Electric CompanyGeneral Motors CorporationGeorgia Chamber of CommerceGeorgia-Pacific CorporationGillette Company, TheGlobal USA Inc.Goldman SachsGoodyear Tire & Rubber Company, TheGoogle Inc.Greater Dallas ChamberGreater Miami Chamber of CommerceGreenberg TraurigGrocery Manufacturers of America

Hasbro, Inc.Heller Ehrman White & McAuliffe LLPHearst CorporationHewlett Packard CompanyHogan & Hartson, L.L.P.Holland & Knight LLPHolme Roberts & Owen LLPHowrey Simon Arnold & White, LLPHughes, Hubbard & ReedHunton & Williams

IBM CorporationIMS Health, IncorporatedInformation Technology Association of America (ITAA)Institute of International Banking Law & Practice, TheIntel CorporationInternational Financial Services AssociationInternational Paper CompanyInternational Trade Association of Greater ChicagoInternational Trade ServicesITT Industries

Jacobs EngineeringJAMS/Endispute, LLCJBC InternationalJenner & Block LLPJohnson & JohnsonJones DayJ.P. Morgan Chase & Company

Kaye Scholer LLPKeller & Heckman LLPKilpatrick Stockton L.L.P.King & SpaldingKirkland & EllisKollsman, Inc.

KPMG LLP

L-3 Communications CorporationLazare KaplanLehman Brothers Inc.LENNOX International, Inc. Leo Burnett WorldwideLevi Strauss & Co.Lockheed Martin CorporationLoyens & Loeff

Manpower Inc.Marger Johnson & McCollomMars, Inc.Mayer, Brown, Rowe & MawMcGraw-Hill, Inc.MCIMcKee Nelson LLPMeadWestvaco CorporationMerck & Co., Inc.Merrill Lynch & Co., Inc.Metro Atlanta Chamber of CommerceMicrosoft CorporationMilbank, Tweek, Hadley & Mcloy LLP3M CompanyMobile (Ala.) Area Chamber of CommerceMonsanto CompanyMorgan StanleyMorrison & Foerster LLPMotorola, Inc.

National Association of ManufacturersNational Football LeagueNational Industrial Transportation LeagueNational Mining AssociationNational Retail FederationNautaDutilhNestle USANetwork Solutions, Inc.New Jersey Chamber of CommerceNews Corp.NikeNorman TechnologiesNorthrop GrummanNovartis CorporationNuclear Energy Institute

Oklahoma State Chamber of CommerceO'Melveny & MyersOracle CorporationOrganization Resources CounselorsOrlando Regional Chamber of CommerceOscar Heyman Brothers, Inc.

PanAmSat CorporationPatton Boggs LLPPennsylvania Chamber of Business & IndustryPepsiCo, Inc.Pfizer, Inc.Pillsbury Winthrop LLPPowell, Goldstein, Frazer & MurphyPraxairPricewaterhouseCoopers LLPProcter & Gamble Company, TheProskauer Rose LLP

Quinn Emanuel Urquhart Oliver & Hedges, LLPQwest Communications International Inc.

Raytheon CompanyReed ElsevierRichemont North America, Inc.Ringling Brothers Barnum & Bailey International, Inc.Roanoke Trade Services, Inc.Rock-It Cargo USA, Inc.Rockland (N.Y.) Business Association, Inc.Rockwell

SalansSandler, Travis & RosenbergSara Lee CorporationSAS Institute, Inc.S.C. Johnson & Sons, Inc.ScarbroughsSchering-Plough CorporationSchulte Roth & Zabel LLCShearman & SterlingShell Oil CompanySidley Austin Brown & WoodSimpson Thacher & BartlettSkadden, Arps, Slate, Meagher & FlomSoap and Detergent Association, TheSociety for Human Resource ManagementSoftware & Information Industry AssociationSoftware Finance & Tax Executives CouncilSolomon Pearl Blum Heymann & Stich LLPSotheby's Holdings, Inc.South Carolina Export ConsortiumSprint CorporationSquire, Sanders & DempseySteel Hector & Davis LLPSteptoe & JohnsonStewart & StewartSullivan & CromwellSutherland Asbill & Brennan LLPSynthetic Organic Chemical ManufacturersAssociation (SOCMA)Sypris Data Systems

Target CorporationTaxware LPTCI/BR CommunicationsTektronix, Inc.Telephone Systems InternationalTexas Instruments, Inc.Textron Inc.Thacher Proffitt & WoodThelen Reid & Priest LLPTiffany & Co.Time WarnerTomlinson Zisko LLPTrico Marine Services, Inc.TRUSTeTyler Cooper & Alcorn, LLP

Unilever United States, Inc.United Parcel Service (UPS)United Technologies CorporationUniversal MusicUnocal CorporationU.S. Chamber of CommerceUS Technology Resources, LLC

Van Cleef & Arpels, Inc.VeriSign, Inc.Verizon CommunicationsVertex Inc.Vinson & ElikinsVisa InternationalVodafone Americas, Inc.

Wachtell, Lipton, Rosen & KatzWashington International Insurance CompanyWeil, Gotshal & MangesWells Fargo & CompanyWestinghouse Electric CompanyWhite & CaseWiley, Rein & FieldingWillkie Farr & GallagherWilmer Cutler Pickering Hale and Dorr LLPWilson Sonsini Goodrich & RosatiWinston, HarryWorld Shipping CouncilWyeth

Xerox Corporation

Yahoo!

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“USCIB offers oneof the best ways tomake businessviews known toboth the U.S. government and –equally important –to foreign business groups.”William D. EberleFormer U.S. Trade Representative and ChairmanManchester Associates, Ltd.

22

Left to right: Andrea Fava, Richard Hammer, Ronnie Goldberg, Adrienne Yeganeh, Kimberly Halamar, Davis Hodge.

Left to right: Joseph Gavin, Edna Fox, Timothy Deal, Stephen Canner.Left to right: Paul Cronin, Cai-Wen Ding, Rose Gristede, Mayya Fishman.

Left to right: Rasma Mednis, Jonathan Huneke, Kate Brannen.

USCIB StaffPeter M. RobinsonPresident and Chief Executive Officer

Policy and Program

Ronnie L. GoldbergExecutive Vice President and Senior Policy Officer

Andrea FavaManager, Environmental AffairsTaxation and Transport

Adam B. GreeneVice PresidentLabor Affairs and Corporate Responsibility

Kimberly HalamarManagerEuropean UnionChina and Economies in Transition

Richard M. HammerInternational Tax Counsel

Davis HodgeManager, E-Commerce Marketing and Banking

Norine KennedyVice PresidentEnvironmental Affairs

Emily O’ConnorDirectorCompetition and Intellectual Property

Heather ShawDirectorE-Commerce and Telecommunications

Debbie SiuProgram Assistant

Adrienne YeganehProgram Assistant

Washington

Timothy E. DealSenior Vice PresidentWashington

Joseph G. Gavin, IIIVice PresidentTrade Policy and Associate Washington Representative

Stephen J. CannerVice PresidentInvestment and Financial Services

Edna FoxReceptionist

Left to right: Peter Robinson, Kate Stout, William Martin.

Left to right: Heather Shaw, Emily O’Connor, Debbie Siu, Adam Greene, Norine Kennedy, Alix Heywood (researcher).

23

Left to right: Rear: Juan Quinones, Isimeme Iyayi (intern), Edward Ho, Glendy Sung, Michael Megliola.Front: Anna Zhang, Cynthia Duncan, Christopher Gillard, Frederick Mardis.

Left to right: Gerald Blake, Jose Rivera.

Left to right: Nancy Thevenin, Lorraine Brennan, William Stibravy, Kate Yang

ATA Carnet

Cynthia DuncanSenior Vice PresidentCarnet Operations

Vivian FerelloIssuing Representative

Frederick MardisAdministrative Assistant

Christopher GillardForeign Claims Examiner

Leslie MarkowitzForeign Claims Examiner

Michael MegliolaForeign Claims Examiner

Juan QuinonesForeign Claims Examiner

Dale OgasawaraSenior U.S. Customs Claims Examiner

Glendy SungDirectorCarnet Services

Anna ZhangDirectorCarnet Claims Administration

Finance and MIS

Paul CroninVice President and Chief Financial Officer

Stefanie DearieLegal Counsel

Cai-Wen DingManagerCarnet Accounting

Jerome H. FineFinance Consultant

Mayya FishmanAssistant ManagerCarnet Accounting

Rose GristedeAdministrative Assistant

Edward W.Y. HoDirectorMIS and Network Administration

Stephanie MoyTechnical Support Assistant

Membership

William MartinVice PresidentMembership

Kate StoutExecutive Assistant to the President and Member Services Associate

Communications

Jonathan HunekeVice PresidentCommunications

Kate BrannenCommunications and Special Projects Assistant

Administration

Rasma MednisVice PresidentAdministration

Gerald BlakeCorporate Services Associate

Jose RiveraCorporate Services Associate

ICC

Lorraine M. BrennanICC DirectorArbitration & ADR/North America

Nancy M. TheveninICC Deputy DirectorArbitration & ADR/North America

William J. StibravyICC Permanent Representative to the United Nations

Kathryn YangAssistant

Franca GargiuloWestern Region Representative

Heena JhaveriDirectorManhattan India Investment Roundtable

Left to right: Vivian Ferello, Dale Ogasawara, Leslie Markowitz.

24

Become Part of the Future of American Business

Past accomplishments are only worth men-

tioning if they point toward future success.

At USCIB, we take pride in tackling tomor-

row's challenges today. We have a record

of being consistently ahead of the curve on

key regulatory and operational issues

affecting global companies.

If your organization is not already a mem-

ber, we hope you will consider becoming

part of USCIB. Join others from the top

ranks of American industrial and service

companies, and from smaller companies

having significant business overseas.

Leading professional service firms, as well

as national industry associations, also play

an active role in our work., as do interna-

tionally oriented chambers of commerce

and other membership-based business

groups at the state and local levels.

Through USCIB, your organization can aug-

ment its legal, public affairs and govern-

ment relations work via our expert commit-

tees and staff, as well as those of our glob-

al network. You can realize significant sav-

ings on our business services, such as ATA

Carnets for temporary exports, and you can

access the business-critical intelligence we

provide. Through USCIB, you can establish

a leadership position in areas where we

play a vanguard role.

All in all, USCIB members get information,

contacts and services found nowhere else.

Join the elite group of American companies

and business groups that are leading the

way in the global marketplace.

USCIB Mission Statement

The United States Council for International

Business advances the global interests of

American business both at home and

abroad. It is the American affiliate of the

International Chamber of Commerce (ICC),

the Business and Industry Advisory

Committee (BIAC) to the OECD, and the

International Organisation of Employers (IOE).

As such, it officially represents U.S. business

positions both in the main intergovernmental

bodies and vis-à-vis foreign business com-

munities and their governments.

USCIB addresses a broad range of policy

issues with the objective of promoting an

open system of world trade, finance and

investment in which business can flourish

and contribute to economic growth, human

welfare and protection of the environment.

USCIB formulates its positions in numerous

committees and other working bodies

composed of business experts drawn from

its membership of global corporations, pro-

fessional firms and industry associations. It

advocates these positions to the U.S. gov-

ernment and to intergovernmental organi-

zations such as the OECD, the WTO, the

ILO and other bodies of the UN system

with which its international affiliates have

official consultative status on behalf of

world business.

USCIB facilitates international trade

through its work on harmonization of com-

mercial practices. It issues and guarantees

ATA Carnets, documents under which mer-

chandise can be temporarily imported

duty-free into the U.S. and other countries.

It promotes use in the U.S. of the ICC

International Court of Arbitration for the

settlement of commercial disputes.

The Wall StreetJournal named USCIB one of the leading advocacy groupson internationalbusiness (2004).

Copyright © 2005 United States Council for International Business. All rights reserved.

Design: Edward MaichinPrinting: Marx + Myles, Inc., New York, N.Y.

The United States Council for International Business promotes an open

system of world commerce in which business can flourish and contribute

to economic growth, human welfare and protection of the environment.

It serves as the American affiliate of the International Chamber of

Commerce (ICC), the Business and Industry Advisory Committee (BIAC) to

the OECD and the International Organisation of Employers (IOE).

USCIB facilitates international trade by working toward harmonization

of international commercial practices in such areas as customs and

arbitration, and it issues and guarantees ATA Carnets for the temporary

importation of many categories of goods.

New York Office1212 Avenue of the AmericasNew York, NY 10036-1689Telephone: (212) 354-4480

Fax: (212) 575-0327

Washington Office1030 15th Street, N.W., Suite 800

Washington, D.C. 20005Telephone: (202) 371-1316

Fax: (202) 371-8249

International Affiliates

U N I T E D S T A T E S C O U N C I L F O R I N T E R N A T I O N A L B U S I N E S S

International Chamber ofCommerce

38, Cours Albert 1er75008 Paris, France

Telephone: (33) (1) 4953 2828Fax: (33) (1) 4953 2942

Business and Industry Advisory Committee to the OECD

13/15 Chaussee de la Muette75016 Paris, France

Telephone: (33) (1) 4230 0960Fax: (33) (1) 42883 7838

International Organisation of Employers28, Chemin de Joinville

CH-1216 Cointrin/GenevaSwitzerland

Telephone: (41) (22) 798 1616Fax: (41) (22) 798 8862

info@uscib.orgwww.uscib.org