With tensions related to transatlantic business top of mind, we continue to urge both sides to take a balanced approach in resolving trade issues to foster continued growth in jobs, investment, and security across the Atlantic.
The Brookings Institute recently released a new “Transatlantic Scorecard” asking experts how they viewed the current state of transatlantic relations. Not surprisingly, the relationship scored badly – a 3.6 out of 10 overall and 3.6 in economic relations.
While a new European Parliament report offered a bleak assessment of the state of the transatlantic relationship, including stark criticisms of U.S. trade policy, we have been encouraged by recent developments. A renegotiated Nafta. Openness to an U.S. - EU free trade agreement, and revisiting the harmonization of U.S. - EU standards and regulations, as well as other non-tariff barriers to trade. The prospect of cooperation to solve the core issue of global overcapacity, to address third countries’ unfair trading practices, and to reform the World Trade Organization.
In this context, it remains vital that business shows how much we already contribute to the U.S. and Swedish economies 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.
Indeed, American businesses continue to prosper in Sweden. The Young Professional Attraction Index 2018, lists three American companies among the top 5 most popular companies to work for in Sweden, including AmCham members Google and Microsoft.
To complement these efforts, AmCham has recently held and also scheduled upcoming programs that strengthen awareness and understanding of the transatlantic relationship.
For example, on September 11, AmCham hosted a fast-paced, post-election seminar featuring election experts and former politicians who provided the latest insights on the outcome of the Swedish elections. The panelists commented on how the ongoing coalition negotiations could impact issues that matter to the American business community in Sweden - from taxation and trade to immigration and international talent mobility. We were delighted to share this program via video with our friends at the American Swedish Institute in Minneapolis, Minnesota.
Earlier this week, the Overseas Security Advisory Council (OSAC) Country Council for Sweden held its regular quarterly meeting. (If your company would like to participate in this platform, please let us know.)
On October 22, we will host a lunch program with Bruce Stokes of the Pew Research Center, and Torbjörn Sjöström of Novus, who will share their insights into the Swedish election, the upcoming U.S. midterm elections, and how attitudes toward trade are reflected in their research.
Two days later, on October 24, Prime and United Minds, will host Looking Ahead at the U.S. Midterm Elections. During a panel discussion, pundits will offer perspectives on the upcoming U.S. elections and the policy implications for business.
Finally, AmCham is the people who co-create and drive our business community, so take advantage of the many ways you and your colleagues can engage to make connections, foster innovation, enhance your career, or advocate for policy changes.
If you know of any American companies in Sweden that are not yet members of AmCham, please encourage them to join and invite them to an upcoming program -- or to send high-performers to the 2018-2019 Mentoring Program, which is accepting applications now. It is the only English-speaking program of its kind in Sweden and a unique platform to learn new skills, while developing meaningful connections with people outside of your field.
We also invite you to attend the Transatlantic Business Conference hosted by AmCham Estonia in Tallinn on November 7.
And don’t miss the next installment of our thought leadership series with Harvard Business Review Press on November 27 with Stephanie Woerner of the Massachusetts Institute of Technology (MIT), and co-author of What's Your Digital Business Model?, as she explains how companies manage organizational change caused by the digitization of the economy.
For new members, please join us for a New Member Morning on Tuesday, October 23rd.