24 Jan
Member News

Trump’s Inaugural Address Fuels Investor Concerns

US stocks rallied Friday morning, but some of these gains pared off after Trump adopted a protectionist tone in his first national speech as the 45th president of the United States. While Trump’s inaugural address continued to fuel investor concerns regarding future trade policies, overall US equities ended the day on a positive note. Despite the release of relatively strong 4Q earnings results by several major banks, the Dow and S&P finished the week with some minor losses, while the...

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24 Jan
Member News

This RICS guidance note sets out how the role of the commercial manager is both expanding and deepening in the fast evolving field of infrastructure

It describes how the commercial manager should bring professional skill and influence through the infrastructure project lifecycle and demonstrates the importance of understanding and translating the investment case into disciplined processes; recognising the impact of scale and the uniqueness of engineering not seen elsewhere in general practice, and tailoring the approach to cost, risk and engaging the supply chain. Download the report here Compliments of RICS - a member of the EACCNY

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24 Jan
Chapter News

Waste: more ambitious targets towards a circular economy

Parliament’s environment committee votes on Tuesday 24 January to amend a European Commission proposal on waste management, the so-called waste package, which is a priority for the EU for this year. In previous resolutions Parliament has called for more ambitious targets. This vote is the first step towards entering negotiations with the Commission and Council. According to statistics from 2014, 44% of all municipal waste in the EU is recycled or composted. This compares to just 31% in 2004, and...

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24 Jan
Chapter News, New York Related News

Governor Cuomo Announces Central New York Highlights of the FY 2018 Executive Budget

FY 2018 Executive Budget Advances Governor’s Middle Class Recovery Act to Create Jobs and Infrastructure, Cut Middle Class Taxes and Make Education More Affordable Governor’s Tuition-Free College Proposal Would Benefit 7,000 Families in City of Syracuse, 38,000 Families in Central New York – 93 Percent of Families in Syracuse Qualify Executive Budget Makes Major Investments in Central New York Economy, Including Renovations at Syracuse Hancock International Airport Jumpstarts Phase II of the Transformation of the New York State Fairgrounds Increases Education Aid to...

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23 Jan
Member News

United States Officially Withdraws from the Trans-Pacific Partnership Agreement (“TPP”)

Making good on a campaign pledge, President Trump today signed an Executive Order withdrawing the U.S. from the TPP process, the marquee trade initiative of the prior administration. The TPP would have lowered trade barriers amongst its twelve members (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam), accounting for approximately 40% of the world’s economy.  Five years of negotiations culminated in an agreement in October of 2015; however it needed the ratification by...

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23 Jan
Member News

Proposed Border Tax Adjustments Risk Violating WTO Rules

Fearful that the punitive tariffs threatened by President Donald Trump would prompt a global backlash against US trade, including a flood of successful lawsuits against the United States in the World Trade Organization, many are urging the new President to support instead the border tax adjustments that House Republicans are reportedly moving ahead aggressively to try to enact. Speaker Paul Ryan has said that imposing border adjustments as a part of corporate tax reform is a better way than tariffs...

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23 Jan
Chapter News

After Ceta: the EU trade agreements that are in the pipeline

The international trade committee votes on 24 January on the Comprehensive Economic Trade Agreement or Ceta, but this free trade agreement with Canada is far from the only deal the EU is working on. Various deals are currently being negotiated right across the globe, but they can only enter into force if the European Parliament approves them. Read on for an overview of the negotiations in progress and an explanation of how the process works. Types of agreements The EU has...

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23 Jan
Chapter News, New York Related News

Mayor De Blasio Appoints Maria Torres-Springer Next Commissioner For Department of Housing Preservation And Development And James Patchett President & CEO Of New York City Economic Development Corporation

Housing Commissioner Vicki Been will return to academia after securing the most affordable housing of any administration since 1989 Mayor Bill de Blasio today announced Maria Torres-Springer will serve as the next Commissioner of the Department of Housing Preservation and Development when its current commissioner, Vicki Been, returns to teaching at New York University. The mayor is also appointing James Patchett as President and CEO of the New York City Economic Development Corporation.   The City announced last week that under Been’s...

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20 Jan
Member News

Brexit relevant? EU competence in free trade agreements – AG Sharpston opinion

On December 21 2016, AG Sharpston issued an opinion that is regarded as an important indicator with respect to trade agreements that will have to be entered into between the EU and the UK after a Brexit. The opinion related to the Free Trade Agreement between the EU and Singapore (the ‘EUSFTA’), which was initiated in September 2013. The EUSFTA is destined to be an agreement between the EU and the Republic of Singapore, without participation of the Member States....

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20 Jan
Chapter News

Public Consultation on the Capital Markets Union Mid-term review

Public Consultation on the Capital Markets Union Mid-term review 1. What is the Capital Markets Union (CMU)? The Commission's top priority is to strengthen Europe's economy and stimulate investment to create jobs. The EUR 315 billion Investment Plan for Europe helped to kick-start that process. We need stronger capital markets to strengthen investment in the long term. These would provide new sources of funding for business and entrepreneurs, help increase options for savers and make the economy more resilient. That is...

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