National Foreign Trade Council
Encyclopedia
Founded in 1914, the National Foreign Trade Council (NFTC) is the oldest and largest trade association
advocating an open, rules-based international trade system. It serves hundreds of member companies in activities encompassing international trade policy, international tax policy, human resources, and unilateral economic sanctions. The NFTC is headquartered in Washington, D.C. and has an office in New York. Its current president is William A. Reinsch, former Under-Secretary for Export Administration in the Clinton Administration.
According to its website, the NFTC’s mission is to advance global commerce through advocating public policies that foster an open international trade and investment regime, mobilizing and disseminating expertise and information on key issues, and influencing public debate through interaction with policy makers and opinion leaders.
The NFTC IHR program:
rules, the NFTC launched a major new initiative, the Global Innovation Forum. The NFTC believes that the creation, trade and employment of innovation requires an open, rules-based system to enable effective solutions to global challenges.
Trade association
A trade association, also known as an industry trade group, business association or sector association, is an organization founded and funded by businesses that operate in a specific industry...
advocating an open, rules-based international trade system. It serves hundreds of member companies in activities encompassing international trade policy, international tax policy, human resources, and unilateral economic sanctions. The NFTC is headquartered in Washington, D.C. and has an office in New York. Its current president is William A. Reinsch, former Under-Secretary for Export Administration in the Clinton Administration.
According to its website, the NFTC’s mission is to advance global commerce through advocating public policies that foster an open international trade and investment regime, mobilizing and disseminating expertise and information on key issues, and influencing public debate through interaction with policy makers and opinion leaders.
Trade Policy
NFTC develops and advocates trade and export finance policies that maximize the competitiveness of its member companies in the global marketplace. The NFTC focuses specifically on the following areas of trade:- Bilateral & Regional Trade
- WTO Issues
- Middle East Trade Coalition
- Trade Adjustment Assistance
- Trade Preference Programs
- Climate ChangeClimate changeClimate change is a significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years. It may be a change in average weather conditions or the distribution of events around that average...
- Exports = American Jobs
Tax Policy
The NFTC places great emphasis on international tax issues and initiates and resolves tax matters affecting U.S. business. It is the leading business organization on international tax issues, and successfully initiates and resolves significant tax matters affecting U.S. business. The NFTC maintains a Tax Committee which has four Working Groups: Legislative, Regulatory, Non-U.S. Issues and Tax Treaty.International Human Resources
The NFTC serves as a thought leader on human resources trends through its international human resources (IHR) program, and provides international HR information, advice and consulting services to its members.The NFTC IHR program:
- Advises on Global Compensation and Benefits Planning
- Conducts HR Benchmark Surveys
- Undertakes Specialty Studies of Critical Issues
- Develops International Directories
- Creates Forums for HR Executives to Discuss Key Issues
- Sponsors Special Seminars and Conferences
- Publishes HR Manual for Corporate Managers
Innovation
In order to create a greater understanding of the importance of intellectual propertyIntellectual property
Intellectual property is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law...
rules, the NFTC launched a major new initiative, the Global Innovation Forum. The NFTC believes that the creation, trade and employment of innovation requires an open, rules-based system to enable effective solutions to global challenges.
Visa Policy
The NFTC develops policies to reform U.S. visa procedures for inbound business travelers and employees of U.S. multinational companies in an effort to eliminate adverse impacts on companies and their ability to compete internationally. In addition, it also monitors and advocates new visa and immigration proposals introduced in Congress, and supports comprehensive immigration reform.Sanctions and Export Controls
In 1997, the NFTC established USA*Engage, a coalition of businesses, agriculture groups and trade associations, to promote the importance of exports and overseas investment and to inform policymakers, opinion leaders, and the public about the counterproductive nature of unilateral sanctions.Board of directors
- ABB Incorporated
- American International GroupAmerican International GroupAmerican International Group, Inc. or AIG is an American multinational insurance corporation. Its corporate headquarters is located in the American International Building in New York City. The British headquarters office is on Fenchurch Street in London, continental Europe operations are based in...
- Baxter InternationalBaxter InternationalBaxter International Inc. , is an American health care company with headquarters in Deerfield, Illinois. The company primarily focuses on products to treat hemophilia, kidney disease, immune disorders and other chronic and acute medical conditions...
, Incorporated - Boeing Company
- CA, Inc.
- Caterpillar Incorporated
- ChevronChevron CorporationChevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
- ChryslerChryslerChrysler Group LLC is a multinational automaker headquartered in Auburn Hills, Michigan, USA. Chrysler was first organized as the Chrysler Corporation in 1925....
- CIGNACIGNACigna , headquartered in Bloomfield, Connecticut, is a global health services company, owing to its expanding international footprint and the fact that it provides administrative services only to approximately 80 percent of its clients...
International - Deloitte & Touche, LLP
- Dewey & LeBoeuf LLP
- DHL North America
- DuPontDuPontE. I. du Pont de Nemours and Company , commonly referred to as DuPont, is an American chemical company that was founded in July 1802 as a gunpowder mill by Eleuthère Irénée du Pont. DuPont was the world's third largest chemical company based on market capitalization and ninth based on revenue in 2009...
- Eastman Kodak Company
- Ernst & Young LLP
- ExxonMobil Corporation
- Fluor Corporation
- Ford Motor CompanyFord Motor CompanyFord Motor Company is an American multinational automaker based in Dearborn, Michigan, a suburb of Detroit. The automaker was founded by Henry Ford and incorporated on June 16, 1903. In addition to the Ford and Lincoln brands, Ford also owns a small stake in Mazda in Japan and Aston Martin in the UK...
- General Electric Company
- General Motors Corporation
- Halliburton Company
- Hanesbrands Inc.
- Hercules, USA
- Hewlett-Packard Company
- Ingersoll-Rand Company
- Johnson & JohnsonJohnson & JohnsonJohnson & Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. Its common stock is a component of the Dow Jones Industrial Average and the company is listed among the Fortune 500....
- JPMorganChase
- KPMGKPMGKPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....
- Mars Incorporated
- Microsoft Corporation
- Motorola Incorporated
- National Foreign Trade Council
- Occidental Petroleum Corporation
- Oracle CorporationOracle CorporationOracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...
- PepsiCo, Inc.
- Pernod RicardPernod RicardPernod Ricard is a French company that produces distilled beverages. The company's eponymous products, Pernod Anise and Ricard Pastis, are both anise-flavoured liqueurs and are often referred to simply as Pernod or Ricard...
USA - Pfizer Inc.
- PricewaterhouseCoopers LLP
- Procter & Gamble Company
- Prudential Insurance Company
- Ridgewood Group International
- Rockwell International Corporation
- SiemensSiemensSiemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...
- Sullivan & Worcester LLP
- Tyco ElectronicsTyco ElectronicsTE Connectivity, Ltd., previously known as Tyco Electronics, Ltd., and formerly a segment of Tyco International, is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems, and specialty products for customers in more than 150 countries...
- Tyco InternationalTyco InternationalTyco International Ltd. is a highly diversified global manufacturing company incorporated in Switzerland, with United States operational headquarters in Princeton, New Jersey...
- United Technologies CorporationUnited Technologies CorporationUnited Technologies Corporation is an American multinational conglomerate headquartered in the United Technologies Building in Hartford, Connecticut...
- Wal-MartWal-MartWal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
National Foreign Trade Council Foundation
Incorporated in 1979, the National Foreign Trade Council Foundation, a 501(c)(3) organization, serves as the educational arm of the NFTC. Its mission is to inspire, promote, encourage and facilitate international trade and investment in order to enhance economic growth and job creation throughout the world. The Foundation furthers its mission through educational activities, including seminars and meetings, providing members with current information on international economics, conducting and disseminating research and studies.External links
- National Foreign Trade Council - Website.
- USA*Engage - Website.