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Stockholm, Stockholms län, 11152
Sweden

AmCham Sweden is the voice of American business in Sweden. We are champions of US - Swedish trade and investment and US commercial interests in Sweden and give members a networking platform, critical business information, and an amplified voice.

News

AmCham Sweden makes its presence known during Almedalen 2018

Randy Gosda

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What a week it was. From July 1 through July 8, Almedalen 2018 was home to tens of thousands of Swedish political participants, observers and organizers - who were joined by business professionals, educators, journalists and members of non-governmental organizations from Sweden and around the globe.

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AmCham Sweden was there as well, coordinating and hosting more than 15 panel discussions, presentations and mingles both with, and on behalf of our members.

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Our participation began on Tuesday morning, July 3 and culminated with a full day of panel discussions throughout Thursday, July 5. In between, the AmCham Sweden team helped facilitate platforms where our members could engage and promote topics ranging from the latest developments in artificial intelligence to coordinating exchanges of knowledge between small businesses in America and Sweden - and celebrating the July 4th holiday together.

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Here are just some of the images gathered from the week that was in Visby, Sweden, on the island of Gotland during Almedalen 2018. We want to thank all of the members who made our programs a success, and we are already looking forward to next year. We hope to see you there.

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Almedalen Schedule - Thursday, July 5th

Vivian Davis

Thursday, July 5th

Tillsammans Mot Korruption I Almedalen 2018
09:00 - 17:00
Clarion Hotel Wisby: Spegelsalen

För fjärde året i rad anordnar AmCham Sweden, Institutet Mot Mutor och Transparency International Sverige Tillsammans mot Korruption i Almedalen, en plattform där såväl privata som offentliga aktörer samlas under en dag för att dela positiva exempel i kampen mot korruption.

I år kommer dagen att genomföras under torsdagen den 5 juli i Spegelsalen på Clarion Hotel Wisby.

VIEW THE FULL TILLSAMMANS MOT KORRUPTION PROGRAM HERE

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Exclusive Mingle - Beer & Cheese Pairing
Gotlands Bryggeri
20:00 - 22:00

By invitation only.

Almedalen Schedule - Wednesday, July 4th

Vivian Davis

WEDNESDAY, JULY 4TH

Innovation Shot: Fintech and the Future
09:00 - 10:00
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6

Sweden has always dared to do things differently, but are we ready to embrace disruption in the financial world? How are trends, regulations, and new technologies like AI and blockchain changing the way businesses work? And what will this mean for us?

This dynamic fast-paced session will give you a “shot” of innovation as we hear from industry experts, decision makers, and opinion leaders and explore the following topics:
• The power shift: from the banks to the individual
• The impact of automation: are Swedish organizations prepared for what's ahead
• The new Financial Services landscape: from competition to collaboration

Participants

Christer Bergquist, COO, Capco Nordics
Åke Freij, PhD, Head of risk and regulatory management, Capco Nordics
Gilles Ermont, Head of digital innovation, Capco Nordics
Mats Taraldsson, Head of digital development and fintech engagement, Mastercard Nordic and Baltics
Sofie Lundström, CEO, Toborrow
Mathias Sundin, Member of Parliament, Liberalerna
Lisa Paulsson, Chief of Digital Services, Marginalen Bank
Johanna Kull, Savings economist, Avanza

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AmCham Life Science Working Committee Roundtable
12:00 - 13:00
Call to action: How can we better share and connect Swedish health data for a brighter patient future?
Swedish health data is one of our most valuable national resources. How can we ensure that this gold doesn't turn to dust?

By invitation only.

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Lunch with Chargé d'Affaires David Lindwall | U.S. Embassy in Sweden
12:30 - 13:30

By invitation only. 

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Open for Business: Swedish Investment in the U.S.
14:00 - 14:45
Clarion Hotel Wisby: Spegelsalen 

The continued importance of investing in the U.S. An informative seminar with the latest updates on the U.S. economy and the challenges and opportunities surrounding establishing or expanding business operations in the United States -- and why the time is now to do so.

Introductory Remarks: Johan Marcus, President, Swedish-American Chambers of Commerce of the USA, Inc.

Panelists: 
Anders Danielsson, CEO, Skanska AB
Dr. Catherine L. Mann, Global Chief Economist, Citi and former Chief Economist OECD
Daniel Troedsson, CEO, Alelion
Anna Throne-Holst, President, The Swedish-American Chamber of Commerce in New York
Charlotta Zetterström, CEO, Fabrique

Moderator: Peter Dahlen, AmCham Sweden

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Mini Mingle - Beer Tasting at Gotlands Bryggeri
16:00 - 17:00

By invitation only.

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Closing Bell Ceremony with Nasdaq
17:15 - 17:30

You are invited to join us in Spegelsalen in the Clarion Hotel Visby for our Closing Bell Ceremony With Nasdaq.

Speakers: 
David E. Lindwall, Chargé d'Affaires
Adam Kostyál, Nasdaq, Senior Vice President
Biörn Riese, Chair, AmCham Sweden

No registration required.

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July 4th Celebration - AmCham and Svensk Handel
20:00 - 22:00

By invitation only.

Almedalen Schedule - Tuesday, July 3rd

Vivian Davis

TUESDAY, JULY 3RD

Cyber Security and AI: Nasdaq, Aurenav, SEB 
Is Artificial Intelligence a threat or will it provide protection from security breaches for people and society?
09:00 - 10:00
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6

You are cordially invited to attend the preliminary launch of .ICON. This comprehensive forum will focus on the major issue of our time: Cybersecurity. In connection to this, a major question will be raised. Is Artificial Intelligence a threat or will it provide protection from security breaches for people and society? The program will be held with AmCham Sweden and panelists will include: Lauri Rosendahl, President of Nasdaq Stockholm AB and Nasdaq Nordic; Donald Baldwin,  Principal Enterprise Architect at Aurenav; and the discussion will be moderated by Fredrik Josefsson, Head of Entrepreneurs and High Growth at SEB.


How do we create smart, inclusive, and digitally connected cities?: Mastercard Urban Mobility
10:30 - 11:30
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6
This program will be in Swedish.

Society is becoming increasingly digitalised, with new innovations creating unforeseen opportunities. This development along with rapidly growing cities are creating new demands. What does the city of the future look like? Which technologies will be of essence, how do we move around and how do we make sure everyone is included? Join Mastercard and a panel of innovative players, all contributing to the cities of tomorrow, for a discussion on how Swedish cities can be optimised ahead.

Program Moderator:
Frida Almgren, Head of Communications Mastercard Nordics & Baltics

Panel Members:
Bodil Sidén, Head of communication, Uber Nordics
Hans Arby, CEO Ubigo
Peter Olbing, Head of Business Development, Mastercard Nordics & Baltics

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How to build a resilient Transatlantic cyber defense
13:30 - 14:30
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6

Sweden and the U.S. have a cyber defense collaboration, which was confirmed in the bilateral Statement of Intent signed in 2016. But hostile attacks against businesses, society and democracy are rising. Can this collaboration be strengthened? How do we ensure a resilient transatlantic cyber defense?

Participants: 

Christopher Lombardi, vice president, Raytheon International
Patrik Oksanen, ledarskribent, Hudiksvalls Tidning
Lars Nicander, Swedish Defence University
Anna Wieslander, director of Northern Europe, Atlantic Council


Roundtable Lunch
Assessio
12:00 - 13:00

By invitation only.

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Almedalen Week - Full Schedule

Vivian Davis

AmCham Almedalen Program 2018

 

Tuesday, July 3rd

Cyber Security and AI: Nasdaq, Aurenav, SEB 
Is Artificial Intelligence a threat or will it provide protection from security breaches for people and society?
09:00 - 10:00
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6

You are cordially invited to attend the preliminary launch of .ICON. This comprehensive forum will focus on the major issue of our time: Cybersecurity. In connection to this, a major question will be raised. Is Artificial Intelligence a threat or will it provide protection from security breaches for people and society? The program will be held with AmCham Sweden and panelists will include: Lauri Rosendahl, President of Nasdaq Stockholm AB and Nasdaq Nordic; Donald Baldwin,  Principal Enterprise Architect at Aurenav; and the discussion will be moderated by Fredrik Josefsson, Head of Entrepreneurs and High Growth at SEB.


How do we create smart, inclusive, and digitally connected cities?: Mastercard Urban Mobility
10:30 - 11:30
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6
This program will be in Swedish.

Society is becoming increasingly digitalised, with new innovations creating unforeseen opportunities. This development along with rapidly growing cities are creating new demands. What does the city of the future look like? Which technologies will be of essence, how do we move around and how do we make sure everyone is included? Join Mastercard and a panel of innovative players, all contributing to the cities of tomorrow, for a discussion on how Swedish cities can be optimised ahead.

Program Moderator:
Frida Almgren, Head of Communications Mastercard Nordics & Baltics

Panel Members:
Bodil Sidén, Head of communication, Uber Nordics
Hans Arby, CEO Ubigo
Peter Olbing, Head of Business Development, Mastercard Nordics & Baltics

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Roundtable Lunch
Assessio
12:00 - 13:00

By invitation only.

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How to build a resilient Transatlantic cyber defense
13:30 - 14:30
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6

Sweden and the U.S. have a cyber defense collaboration, which was confirmed in the bilateral Statement of Intent signed in 2016. But hostile attacks against businesses, society and democracy are rising. Can this collaboration be strengthened? How do we ensure a resilient transatlantic cyber defense?

Participants: 

Christopher Lombardi, vice president, Raytheon International
Patrik Oksanen, ledarskribent, Hudiksvalls Tidning
Lars Nicander, Swedish Defence University
Anna Wieslander, director of Northern Europe, Atlantic Council


Wednesday, July 4th

Innovation Shot: Fintech and the Future
09:00 - 10:00
Clarion Hotel Wisby: Erlanderska Room
Strandgatan 6

Sweden has always dared to do things differently, but are we ready to embrace disruption in the financial world? How are trends, regulations, and new technologies like AI and blockchain changing the way businesses work? And what will this mean for us?

This dynamic fast-paced session will give you a “shot” of innovation as we hear from industry experts, decision makers, and opinion leaders and explore the following topics:
• The power shift: from the banks to the individual
• The impact of automation: are Swedish organizations prepared for what's ahead
• The new Financial Services landscape: from competition to collaboration

Participants

Christer Bergquist, COO, Capco Nordics
Åke Freij, PhD, Head of risk and regulatory management, Capco Nordics
Gilles Ermont, Head of digital innovation, Capco Nordics
Mats Taraldsson, Head of digital development and fintech engagement, Mastercard Nordic and Baltics
Sofie Lundström, CEO, Toborrow
Mathias Sundin, Member of Parliament, Liberalerna
Lisa Paulsson, Chief of Digital Services, Marginalen Bank
Johanna Kull, Savings economist, Avanza

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AmCham Life Science Working Committee Roundtable
12:00 - 13:00
Call to action: How can we better share and connect Swedish health data for a brighter patient future?
Swedish health data is one of our most valuable national resources. How can we ensure that this gold doesn't turn to dust?

By invitation only.

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Lunch with Chargé d'Affaires David Lindwall | U.S. Embassy in Sweden
12:30 - 13:30

By invitation only. 

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Open for Business: Swedish Investment in the U.S.
14:00 - 14:45
Clarion Hotel Wisby: Spegelsalen 

The continued importance of investing in the U.S. An informative seminar with the latest updates on the U.S. economy and the challenges and opportunities surrounding establishing or expanding business operations in the United States -- and why the time is now to do so.

Introductory Remarks: Johan Marcus, President, Swedish-American Chambers of Commerce of the USA, Inc.

Panelists: 
Anders Danielsson, CEO, Skanska AB
Dr. Catherine L. Mann, Global Chief Economist, Citi and former Chief Economist OECD
Daniel Troedsson, CEO, Alelion
Anna Throne-Holst, President, The Swedish-American Chamber of Commerce in New York
Charlotta Zetterström, CEO, Fabrique

Moderator: Peter Dahlen, AmCham Sweden

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Mini Mingle - Beer Tasting at Gotlands Bryggeri
16:00 - 17:00

By invitation only.

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Closing Bell Ceremony with Nasdaq                                                                                      17:15 - 17:30

You are invited to join us in Spegelsalen in the Clarion Hotel Visby for our Closing Bell Ceremony With Nasdaq.

Speakers: 
David E. Lindwall, Chargé d'Affaires
Adam Kostyál, Nasdaq, Senior Vice President
Biörn Riese, Chair, AmCham Sweden

No registration required.

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July 4th Celebration - AmCham and Svensk Handel
20:00 - 22:00

By invitation only.

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Thursday, July 5th

Tillsammans Mot Korruption I Almedalen 2018
09:00 - 17:00
Clarion Hotel Wisby: Spegelsalen

För fjärde året i rad anordnar AmCham Sweden, Institutet Mot Mutor och Transparency International Sverige Tillsammans mot Korruption i Almedalen, en plattform där såväl privata som offentliga aktörer samlas under en dag för att dela positiva exempel i kampen mot korruption.

I år kommer dagen att genomföras under torsdagen den 5 juli i Spegelsalen på Clarion Hotel Wisby.

VIEW THE FULL TILLSAMMANS MOT KORRUPTION PROGRAM HERE

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Exclusive Mingle - Beer & Cheese Pairing
Gotlands Bryggeri
20:00 - 22:00

By invitation only.

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Life Science Working Committee White Paper

Vivian Davis

In the Nordics, and Sweden in particular, there is unique and comprehensive healthcare data available. This data is known around the world as being rich in content, granular in detail and extends over many years. As such, this data provides outstanding opportunities to support the improvement of healthcare systems and health outcomes for patients.

The White Paper published by the AmCham Sweden Life Science Working Committee stresses the importance of effectively utilizing and connecting available real-world data to opportunities for Sweden to become a world-leading life sciences nation.

Read the complete White Paper here.

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Supporting Trade at Almedalen 2018 and Beyond

Randy Gosda

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The transatlantic economy is the world’s largest market and supports 15 million jobs on both sides of the Atlantic. Bilaterally, the economic ties between the U.S. and Sweden have never been stronger -- Swedish companies create jobs in all 50 U.S. states, and all 50 states export goods and services to Sweden. And just last week, Volvo opened its first U.S. plant in South Carolina.

Against this backdrop, the threat of a trade war is growing as the U.S. and EU exchange tit-for-tat tariffs. We disagree with these decisions to impose tariffs, which amount to administrative and financial burdens. We urge both sides to take a balanced approach in responding to these measures. We are very concerned about the damage that this dispute is causing to the transatlantic economy and its impact on jobs, investment, and security across the Atlantic.

What is more, these moves put the global trading system at risk. The EU and the U.S. should cooperate to solve the core issue of global overcapacity. In addition, they should collaborate to address third countries’ unfair trading practices and to reform the World Trade Organization.

In this context, it is vital to address the sentiment underlying the current hostility to trade, and to share the story of trade in a way that recognizes the plight of people who lose work because of trade agreements, while advancing free and fair trade agreements that promote growth, peace, and security. After all, people are more than averages compiled in an economic report, and GDP growth means nothing to a family that is struggling with job loss.

So we need to do a better job of telling the story of trade -- an abstract term that people tend to tune out when they hear. Ultimately, trade means livelihood. Meaningful work. Jobs.

Free and fair trade fosters global supply chains that bring together parts, technology, and know-how from all over the world -- contributing to the products and services we use everyday from smartphones to cars to life saving drugs and technology. Indeed, if not for free trade, the smartphone in your pocket might cost $3,000. (https://www.youtube.com/watch?v=rCSl4Sp3TmI&feature=youtu.be)

In Almedalen next week, (https://www.amcham.se/calendar/2018/5/25/almedalen-2018) we will discuss the continued importance of investing in the U.S., as well as the challenges and opportunities related to establishing or expanding a business in the United States -- and why the time is now to do so. What is more, we will be examining issues such as:

  • Cyber security and AI

  • Smart cities

  • Resilient transatlantic cyber defense

  • Fintech

  • How to better use Swedish health data

  • Combating corruption

Finally, AmCham is the people who co-create and animate our business community, so take advantage of the many ways you and your colleagues can engage. Right now, the 2018 Mentoring Program (https://www.amcham.se/mentoring-program/) is accepting applications. It is a truly unique platform to learn new skills and context, while developing meaningful connections with people outside of your field. We also have an engaging series of videos, Meet The People Of AmCham Sweden. Check it out here -- and let us know if you would like to participate.

Hope to see you in Almedalen. And beyond.

 

Exclusive: Limit Trump tariffs, businesses tell Congress in letter

Randy Gosda

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With U.S. trade fights increasingly roiling markets, a growing chorus of U.S. industries is backing legislation in Congress that would limit President Donald Trump’s ability to slap tariffs on steel and aluminum imports.

Fifty-one trade groups are joining the U.S. Chamber of Commerce and 222 state and local chambers by signing a letter that was sent to U.S. senators Tuesday in support of a bill introduced this month by Sen. Bob Corker, R-Tenn. The legislation would require Congress to approve or reject any new tariffs the president imposes based on national security concerns.

Trump had urged Corker to drop the bill but he declined. It’s co-sponsored by seven Republican senators and four Democrats.

“The U.S. business and agriculture communities are deeply concerned that the President’s unrestricted use of section 232 to impose tariffs may not be in the national interest,” the letter states. “It is now also increasingly clear that the way the steel and aluminum tariffs have been used will result in retaliatory tariffs from our largest trading partners and closest allies, and that retaliation will have serious negative economic impacts on the United States.”

More: Dow dives as trade war angst boosts investor anxiety over growth, earnings

More: Harley-Davidson to move some motorcycle production out of US after EU tariffs

More: With construction workers scarce, homebuilders turn to robots, software

The U.S. chamber this month endorsed the bill, but the group has now rallied the support of the state and local chambers, as well as the industry groups. 

The industry letter to the U.S. Senate notes that Congress delegated to the president the authority to invoke tariffs in 1962.

“While the president should still have this type of authority, the current circumstances highlight the need for Congress to ensure that the authority will be used, as intended by the Congress, in the overall national interest.”

Those signing the letter include the National Retail Federation, the Alliance of Automobile Manufacturers, the American Apparel & Footwear Association and the Computer and Communications Industry Association. The Dow Jones industrial average fell 328 points Monday amid Trump's fresh trade threats.

Trump this month levied a 25 percent tariff on steel and 10 percent tariff on aluminum imported from Canada, Mexico and the European Union. The EU, in response, is aiming tariffs at American products such as Harley-Davidson motorcycles, Levi’s jeans and bourbon whiskey. Harley-Davidson said Monday it plans to shift some of its U.S. motorcycle production overseas to avoid the duties. Trump also has threatened tariffs on auto imports, citing national security.

 

 

 

 

Third country investors urge Brexit progress at June EU Council Summit

Randy Gosda

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Brussels, 25 June 2018 – Ahead of the European Council summit taking place from 28-29 June 2018, international businesses who are heavily invested in both the EU and the UK are calling for urgent progress on the key outstanding issues remaining in the talks. Resolving as many of the remaining concerns as possible is becoming more urgent by the day – with the clock ticking towards the October deadline for a final Withdrawal Agreement.

Businesses recognise the complexity of issues surrounding the future of the Irish border and that satisfactorily resolving these political concerns may take more time. The EU and the UK should continue their efforts to achieve agreement here. Meanwhile, policymakers should dedicate time and thought at the upcoming summit to addressing other remaining issues, including those involving governance, regulatory cooperation and post-Brexit preparedness.

Reaching agreement on these issues will provide businesses with more confidence that a Withdrawal Agreement can be agreed and ratified, thereby providing legal certainty for the proposed transition period and avoiding the worst-case ‘cliff-edge’ scenario in March 2019. It will also allow both parties to move towards more detailed discussions on the future framework, which is of essential importance to companies who are planning their long-term operations and investments.

We look forward to the UK government’s upcoming White Paper on its vision for future ties and to engaging constructively with both sides towards the ultimate goal of an ambitious new EU-UK relationship which works for businesses, consumers and citizens.

Signatories:

The American Chamber of Commerce to the EU (AmCham EU) Canada Europe Roundtable for Business (CERT)
Europe India Chamber of Commerce (EICC)
Japan Business Council in Europe (JBCE)

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AmCham EU
AmCham EU speaks for American companies committed to Europe on trade, investment and competitiveness issues. It aims to ensure a growth-orientated business and investment climate in Europe. AmCham EU facilitates the resolution of transatlantic issues that impact business and plays a role in creating better understanding of EU and US positions on business matters. Aggregate US investment in Europe totalled more than €2 trillion in 2017, directly supports more than 4.7 million jobs in Europe, and generates billions of euros annually in income, trade and research and development.

Contact: Thibaut L’Ortye, Public Affairs Manager (tlo@amchameu.eu; +32 (0) 2 289 10 39)

Canada Europe Roundtable for Business (CERT)
The Canada Europe Roundtable for Business is dedicated to creating business opportunities between Canada and the European Union. Founded in 1999, CERT develops company-member interests by contributing recommendations on trade and investment to government officials and hosting thematic, high-level meetings focused on developing strategic relationships between company executives and with government officials. CERT is a strong advocate for comprehensive bilateral free trade and investment and organized the support of more than 100 Chief Executives for a greater level of ambition for bilateral commercial liberalization. The result included a Declaration in support of a Canada-EU Trade and Investment Agreement that was submitted to heads of government in late 2008. At the EU-Summit Summit on May 6, 2009 in Prague, the leaders of the European Union and Canada announced the launch of negotiations towards a comprehensive economic and trade agreement (CETA). The CETA officially entered into force on September 25, 2017 and is the most ambitious trade agreement ever negotiated by both the EU and Canada.

Contact: Jason Langrish, Executive Director (jlangrish@canada-europe.org; +1 416 727 3185)

Europe India Chamber of Commerce (EICC)
EICC provides a platform for profitable interaction between the European and Indian business to enhance trade and commerce in their respective countries and directs its energy in assisting Indian inbound investments into Europe, and leverages on this experience by assisting European companies and organizations through the various networks which have been built in India. The EICC is the only chamber of its kind at the Apex level to the existing bi-lateral chambers across Europe and by bringing “Pan-European” perspective to its activities and policies, EICC ensures serving the larger interest for European and Indian businesses and to meet its objectives, it closely collaborates with likeminded chambers to create new pathways to serve the interest of Indian and European businesses

Contact: Sunil Prasad, Secretary General (info@eicc.be; + 32 (0) 2 469 2677)

About JBCE
The Japan Business Council in Europe was established in 1999 and is a leading European organisation representing the interests of more than 80 multinational companies of Japanese parentage operating in the European Union.

Our members operate across a wide range of sectors, including electronics, wholesale trade, precision instruments, pharmaceutical, railway, textiles, glass, automotive, financial service and chemical manufacturing.

Building a new era of cooperation between the EU and Japan is the core of our activities. The key goal of JBCE is to contribute to EU public policy in a positive and constructive way by drawing on the expertise and experience of our member companies.

Contact: Ryota Tsunemi, Policy Manager (ryota@jbce.org; +32 (0) 2 286 5330)

Keeping Transatlantic Business Afloat as Populist Trends Rise

Vivian Davis

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June 8th HBR Seminar - White Working Class: Overcoming Class Cluelessness in America

On Friday, June 8th, more than sixty people gathered to hear Joan Williams, Founding Director at the Center for WorkLife Law, speak about her book White Working Class: Overcoming Class Cluelessness in America. Williams is the author of the most-read article in the Harvard Business Review’s 90 year history, and her latest book is a more in-depth exploration of the same article. She was joined by Sarah Greene Carmichael, Senior Editor at Harvard Business Review.

White Working Class: Overcoming Class Cluelessness in America asks important questions such as ‘What can organizations learn from the 2016 U.S. election in order to gain an understanding of today’s American workforce, and their fears about the future?’ and ‘How can business leaders learn to navigate the turbulent transatlantic waters as protectionism rises on both sides of the Atlantic?’

Were you unable to make it to the program? Please contact us here if you would still like to purchase the book.

OECD reviews digital transformation in Sweden

Randy Gosda

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Going Digital in Sweden
OECD Reviews of Digital Transformation

OECD Reviews of Digital Transformation: Going Digital in Sweden analyses recent developments of the digital economy in the country and makes recommendations to improve policies for the digital transformation.

It reviews trends in the use of digital technologies by individuals, businesses and the government, and examines policies to foster diffusion. It examines recent developments in infrastructures, telecom markets and related regulations and policies. The Review also examines opportunities and challenges raised by digitalisation, and analyses policy responses to these changes. The areas covered range from global value chains and innovation to jobs, skills and work in the digital economy.

GOING DIGITAL: AN INTEGRATED POLICY APPROACH IN THE DIGITAL AGE

One aim of the Going Digital integrated policy framework is to help change the way policy makers think about digital transformation and in doing so change the way policies are developed in the digital age. Digital transformation is challenging almost every aspect of the economy and society, and a wide range of policy areas need to be considered as much as all actors (individuals, firms, governments and other stakeholders) need to be involved in the policy-making process.

Rather than considering narrow policy silos, the framework aims to support an integrated approach because policy changes in one domain may have implications in another domain. It is essential to be aware of interconnections and relationships across policy domains and to develop digital policy making with them in mind. Download a pdf of the report here: http://www.oecd.org/sweden/going-digital-in-sweden.pdf

Sweden is among the leading countries in the diffusion and use of digital technologies. Internet use by individuals and businesses is widespread and the digital divides along lines of age, education, income and firm size are narrower than in most OECD countries. Broadband availability, quality and affordability score among the best in the OECD.

As the digital economy evolves at a rapid pace, Sweden faces new opportunities and new challenges:

  • Increasing tradability of digital services is opening up new markets at the time when international competition in manufacturing is getting stronger.
  • Labour productivity growth has slowed down but investment in knowledge remains high and can be better used for innovation.
  • “Big data” and artificial intelligence are enabling new business models and new services, but require that digital risks and privacy be managed effectively.
  • Policy coherence has become essential to seize the benefits of the digital transformation while preserving the societal values of the Swedish people.
  • Creating an optimal infrastructure for Sweden’s digital economy Although Sweden is on a very positive path to achieve its broadband access goals, areas to continue building upon in terms of connectivity include:
  • Fostering the digital transformations among individuals, firms and in the government Diffusion of digital technologies among Swedish firms is widespread. Many of the skills needed for effective use of these tools are widely used. Yet digital uptake and use could be further increased by:
  • Promoting diffusion of advanced digital technologies, in particular among SMEs.
  • Focusing on the diffusion of big data analytics, possibly through a national big data strategy.
  • Fostering complementary investment across sectors and firms, in particular SMEs.
  • Enhancing co-ordination among national, regional, and local strategies for broadband deployment.
  • Increasing the “robustness” of fibre networks. Promoting the deployment of high-speed
  • broadband networks in sparsely populated areas. Spurring the uptake of IPv6.
  • Raising training incentives for individuals and firms to boost ICT skills.
  • Promoting ICT courses in education.
  • Co-ordinating re-skilling measures with social partners.
  • Closing the digital gender divide.
  • Developing complementary skills, possibly in a comprehensive digital skills strategy.

Fostering digital innovation

Sweden is an international hub of scientific excellence and technological leadership.The government, through its innovation and research agencies, could further improve the performance of the Swedish innovation system by:

  • Continuing current efforts to set priorities for innovation policies related to digitalisation.
  • Scaling up programmes for digital innovation in order to exploit economies of scale in research and testing.
  • Undertaking a more systematic evaluation of research projects and innovation programmes supported by public funds.
  • Strengthening policy labs and regulation sandboxes as an innovative approach to the design and implementation of policies and regulations in the digital economy.
  • Extend the provision of JSC services to all displaced workers, including blue-collar, youth and other vulnerable groups.
  • Promote successful job-transition services, e.g. the Early Risk Service, in all JSCs.
  • Improve co-ordination between the JSCs and Public Employment Services at an early stage of the dismissal procedure.
  • Establish a negotiation council for platform- mediated jobs, where platforms and trade unions may negotiate collective agreements.
  • Promote regulatory sandboxes to facilitate the compliance of new forms of work enabled by digitalisation with existing labour market regulations and the development of new ones.
  • Promote a clear vision of digital security risk management as an economic and social responsibility of leaders and decision makers in public and private organisations.
  • Provide policy leadership on the economic aspects of digital security, by strengthening ministerial co-ordination.
  • Promote the role of the Digitalisation Council as a hub for co-operation on digital security issues.
  • Develop adequate mechanisms for policy co-ordination around digital security, taking stock of the different approaches adopted by other OECD countries.

The Swedish model, based on a strong dialogue between the social partners and the job security councils (JSCs), seems well-equipped to facilitate a smooth transition for workers affected by the digital transformation.

The 2017 National Cybersecurity Strategy marks a turning point towards a more holistic approach to digital security in Sweden and should be further developed in several directions:

TURNING THE DIGITAL STRATEGY INTO POLICY ACTIONS

In 2017, the Swedish government launched a new Digital Strategy whose overall goal is for Sweden to be the best in the world in the use of digitalisation opportunities. The strategy set a number of targets to achieve this goal:

TO TRANSLATE THESE TARGETS INTO EFFECTIVE POLICY ACTIONS, THE GOVERNMENT SHOULD:

  • Link the Digital Strategy’s targets to specific policy instruments, with well-defined and quantifiable objectives.
  • Assign institutional responsibilities for the Digital Strategy’s targets, in order to facilitate policy co-ordination and increase accountability.
  • Provide for clear appropriations in the Budgetary Bill, in order to signal the government’s commitment and strengthen the political credibility of the strategy.

www.oecd.org/going-digital

Sweden creates jobs in America

Randy Gosda

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The Embassy of Sweden and SACC-USA have once again mapped Swedish-affiliated companies and their economic impact in the United States. This is an updated third edition of this popular publication, and it shows that economic interactions with Swedish businesses and industry create more than 360,000 jobs in the United States. When you take subcontractors, infrastructure, and related services into account, the total reaches nearly one million jobs.

Swedish companies create jobs in all 50 U.S. states, and all 50 states export goods and services to Sweden. The economic ties between our two countries have never been more robust. Today, Sweden is one of the largest investors per capita in the United States and the 15th largest overall.

This report highlights the magnitude and depth of the economic ties between Sweden and United States and shows how this vibrant relationship creates jobs on both sides of the Atlantic. It profiles economic interactions and breaks down on a state-by-state level the number of jobs directly supported by Swedish companies or U.S. exports to Sweden, lists the three leading commodity exports to Sweden per state, and identifies Swedish companies currently operating in that area.

Read the report here.

SelectUSA’s $30 Billion Impact on the U.S. Economy

Randy Gosda

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Foreign direct investment (FDI) in the United States is a key contributor to U.S. economic growth, directly and indirectly supporting nearly 13 million American jobs. It contributes to U.S. exports, drives innovation, and – most importantly – sends hardworking Americans home with a paycheck.

Since 2007, the SelectUSA program has worked with thousands of clients – business investors, economic development organizations (EDOs), and other leaders – to support job-creating FDI in the United States. Just this month, the SelectUSA team hit a major milestone, having now facilitated more than $30 billion in client-verified business investment projects.

This is the culmination of years of working with clients, hosting global business events, and working closely with American EDOs.

This past year was especially strong, as the SelectUSA team:

  • Held the largest-ever SelectUSA Investment Summit, with more than 1,200 potential business investors and economic development representatives from 52 states and territories.
  • Brought 10 European medical technology startups to Pittsburgh, Cleveland, and Austin as part of its first inbound investment mission.
  • Hosted investment road shows in India and China that facilitated more than 300 meetings between EDOs and potential business investors.
  • Released its first-ever research reports, analyzing the positive effects of FDI on manufacturing and high-tech industries.
  • Led 20+ EDO delegations to some of the largest trade shows in the world, including Hannover Messe in Germany and BIO Korea.

We were also happy to share many FDI success stories on the International Trade Administration blog. Swiss additive manufacturing company Oerlikon decided to invest $62 million in Huntersville, North Carolina, after attending the 2016 SelectUSA Investment Summit. A.T. Kearney ranked the United States as the world’s top destination for business investment for the 5th year in a row. And Mahindra recently shared its reasons for investing in the United States, creating jobs in Michigan.

Our team at SelectUSA and our partners in the economic development community make this all possible. I thank them for their dedication and hard work.

You may not have heard of SelectUSA, and you may not regularly think about the impact of FDI, but millions of U.S. workers rely on FDI for their livelihood. We are proud to support that, and we look forward to working with more clients and helping to create U.S. jobs.

Learn more about the upcoming 2018 SelectUSA Investment Summit, June 20-22, in Washington, D.C. at selectusasummit.us. Visit selectusa.gov for more information about our services, events, and more. You can also follow us on Twitter @SelectUSA.

Statement on Steel and Aluminum Tariffs

Peter R. Dahlen

We disagree with the U.S. government’s decision to impose tariffs on EU imports of steel and aluminum. We urge the U.S. government to revisit its plans and the EU to take a balanced approach in responding to these measures. We are very concerned by the damage a tit-for-tat dispute would cause to the transatlantic economy and its impact on jobs, investment and security across the Atlantic.

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2018 Annual General Meeting: Transatlantic Trade Remains Vital to U.S. - Sweden Relationship

Randy Gosda

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On May 24, nearly 120 American Chamber of Commerce in Sweden members gathered for the Annual AmCham General Meeting held at Hilton Stockholm Slussen. Managing Director Peter Dahlen presented highlights of the Chamber's activities in 2017, as well as information from the more than 200 AmCham member companies representing 300,000+ employees and $370 billion in revenue.

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Over the previous 12 months, 33 new member companies joined AmCham during the organization's Silver Anniversary year. The Chamber celebrated by promoting US-Swedish trade and investment, and by championing its members and stakeholders through more than 50 activities ranging from seminars, speaker events, roundtables and working committee meetings.

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After voting by members during the AGM, a special panel gathered to discuss  Transatlantic Leadership in the new economy: What role for businesses? Peter Dahlen moderated the panel consisting of: Malin Parkler, Country Manager Pfizer Sweden; Lena Johansson, Secretary General, ICC Sweden; Sasha Krstic, Vice President Services, Asia Pacific, Mastercard; Annete Tånneryd, Managing Director, Capco Nordics; and Mattias Lewren, Sweden Country Managing Director and Managing Director Communications, Media & Technoloyg Nordics, Accenture.

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"If you want to talk to the public and build trust in the trade, it is time to broaden the discussion, because there is so much movement and trade between companies and there is more to offer in this volatile place we are in the world today," said Malin Parkler. "Corporate citizenship and delivering on the corporate values of building bridges and learning from and appreciating other cultures is vital," added Mattias Lewren. "The more we talk about the human side of transatlantic trade, the easier it is to convey the importance of people and connecting people to the public. We in business can take a stronger role and discussion on topics which will impact business." 

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"Many companies that are global have a view on the benefit of balance of global employment and trading and if you balance that global view with the bilateral country conversations on trade," said Sasha Krstic. "Companies can help by providing the trade dialog views that are more balanced is really critical." 

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Discussions continued after the panel over cocktails and a stunning view of the sunny Stockholm skyline.

AmCham would like to thank our sponsors for making the 2018 Annual General Meeting possible: Hilton Slussen Stockholm, 3M, and British-American Tobacco. We would also like to recognize the contributions and wise counsel of departing board of director member, Helena Olsson of Burson-Marsteller. The Chamber also welcomes two new members to the board: Barbara Tönz of Coca-Cola and Casper Bjørner of Walt Disney.

Statement on steel and aluminum tariffs

Randy Gosda

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The American Chamber of Commerce to the EU (AmCham EU) regrets the decision of the US not to permanently exempt the EU from tariffs and limits on imports of steel and aluminum.

It is a destabilizing move which is creating uncertainty for companies operating globally. It could have ramifications for transatlantic relations and for jobs, growth and security on both sides of the Atlantic.

The new 1 June deadline should be seen as an opportunity for the EU and the US to address some of the legitimate concerns raised, such as global overcapacity and unfair trading practices. The EU is a historic and crucial ally of the US and its most important economic partner. We believe that, at the end of this process, the exemption should be made permanent as the EU meets all the criteria set out for exemption.

As companies operating across the world and dependent on global supply chains, we remain concerned about the negative impact any new trade barriers – and potential tit-for-tat measures – could have on our operations, the global economy and security. We encourage both sides to seek a resolution to this issue which does not result in more barriers to trade and investment.

In Search Of New Markets

Randy Gosda

Market access remains one of the greatest challenges for businesses across all industries. By asking and, more importantly, answering eight questions, you can start to create a strategy to help achieve and maintain product compliance.

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AmCham Sweden participates in annual AmChams in Europe USA Conference

Jacob Dornbos

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Managing Director Peter Dahlen last week participated in the annual AmChams in Europe USA conference held in Washington, DC and Chicago, Illinois from 16-20 April.

The visit began with two days of meetings in Washington, DC with colleagues from AmChams around Europe. The delegation attended a conference hosted by the U.S. Chamber of Commerce and BusinessEurope entitled, Transatlantic Business Works, bringing together leading EU and U.S. officials and business representatives to highlight the value of transatlantic trade and investment to Europe and the U.S. The event also saw the U.S. launch of the Transatlantic Economy Report 2018, presented by Dan Hamilton, Executive Director, Center for Transatlantic Relations, Johns Hopkins University.

The group also attended a series of briefings at the U.S. Chamber, as well as participating in selected meetings with key administration officials, Congress, and Washington insiders. 

The delegation then continued on to Chicago for a series of outreach meetings and site visits to various member companies, including AbbVie, Motorola Solutions, Northern Trust, and UL.

European AmChams visit Washington, DC to reiterate importance of Europe to the U.S.

Jacob Dornbos

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AmCham Sweden and five European AmChams (EU, France, Ireland, Italy and Romania) travelled to Washington, DC, April 11-13 to engage with a range of U.S. policymakers.

The delegation delivered strong messages about the importance of the EU-U.S. partnership to prosperity and security on both sides of the Atlantic. The delegation met with the U.S. administration, including the White House National Security Council, U.S. Department of Commerce, U.S. Department of State and U.S. Trade Representative. The visit also featured outreach to Capitol Hill, including a lunch hosted by Congressman Joe Wilson (R-NY), co-Chair of the EU Caucus, with Congressmen Dan Donovan (R-NY) and Francis Rooney (R-FL) and a meeting with senior members of Senator Orrin Hatch’s (R-UT) team on the Senate Committee on Finance.

While there, the delegation met with H.E. David O’Sullivan, EU Ambassador to the U.S. The visit also included a lunch with a group of EU and Member State Trade Counselors for an exchange of views on trade policy.

TBLI Conference Nordic to be held in Stockholm on November 8 & 9

Randy Gosda

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Explore investment opportunities and learn about latest trends in the Nordic Market on ESG & Impact Investing!

The Fourth TBLI CONFERENCE NORDIC will be held in Stockholm, hosted by Nasdaq.

What to expect
• A carefully curated program tailored for both ESG and Impact Investors
• Practical Workshops with case studies, market analysis and lessons learned
• Interactive TBLI Masterclasses on opportunities, innovation and risks
• High-Level Plenary Sessions with seasoned ESG investors, entrepreneurs, CSR and SRI specialists
• Entrepreneur Pitching Salon featuring pre-qualified businesses

Curious to explore our previous TBLI CONFERENCES NORDIC? Click here

Conference Details

When : November 8-9, 2018 

Where : Nasdaq Stockholm AB, Tullvaktsvägen 15, 115 56 Stockholm, Sweden 

How : Practical information

Who : Attendee list 2017

Speak : Submit speaker application.

Sponsor : Become a sponsor

Student : How to participate

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