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11/27/2012

ECCO Focuses On China & Financial Structures For Offset

The ECCO Symposium 5, held November 14-15 in Frankfurt (Germany) was sponsored by Baker & McKenzie. Forum discussion on day-one focused on offset in China, with economists, lawyers, international trade experts, and companies doing business in China sharing information and experiences.

Other discussions included restrictions under EU foreign law, the Chinese administration policy on government procurement and global manufacturing, plus trade and technology transfers. Dr. Thomas Gilles, the Chinese expert at Baker & McKenzie, chaired the round table discussion.

The ECCO workshop on the following day assessed legal requirements and financial structures in offset. Dr Andreas Schulz of Baker & McKenzie addressed both offset and offset-like agreements in Europe, while representatives from various leading global companies shared their experiences in countries such as South Africa and Brazil. A presentation on new challenges for political risks insurance was also on the agenda, with a round-table discussion moderated by Mr, Gerd M´┐Żller of the Deutsches Kompensations Forum.

In September 2012, ECCO started preparing for its ISO 26000 certification, addressing seven core subjects of social responsibility with which every international organization is confronted with in its daily activities. Committee member training has been completed and action areas addressed. The stakeholders concerned have been identified and their spheres of influence determined. Next month (December 2012), the committee will define the action plan in order to finalize the project.

ECCO Symposium 6 will coincide with Le Bourget in Paris, France, on 19 and 20 June 2013. The focus will be on both India and reciprocity.

For more information, click here.  

The European Club for Countertrade and Offset (ECCO) is an international forum, sharing information about and best practices in offset and countertrade. In the past two years, ECCO has developed a strong business community related to offset and countertrade. It has also established an academy for training and the enhancement of offset management practices.


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