Here are some opinions and views for your review:
a. Philadelphia as a World Heritage City - this was awarded by UNESCO in November 2015. Thanks to the City's elected leadership as well as to the Global Philadelphia Association, where Peter sits on the Board, during an intense 18-month period, this team created a detailed information package, determined the most persuasive channels, met key decision-makers in Canada, Europe and Latin America, and collaborated with relevant officials in Washington, D.C.
As the crucible of American democracy, the City is honored to have this unique designation, the only city in the USA.
b. Standards from the International Labor Organization Expand their Impact - 12 Pacific nations including the USA are negotiating the Trans Pacific Partnership. In addition to the core business issues, this agreement when ratified by each of the national governments will bring greater transparency to Pacific trade. Moreover, standards from the ILO, the oldest agency of the United Nations, for the textile industry will go into effect.
AGTS has access to genuine experts on these complex labor standards, to help both manufacturers as well as textile importers understand, interpret and apply these standards. This will increase their business while ensuring that workers have higher salaries and a better quality of life.
AGTS understands how to support businesses and labor organizations to implement these ILO standards in a cooperative and effective manner, within the producing countries, inside global markets, in Geneva and in Washington, D.C.
c. Challenges for sovereign wealth funds - Peter was honored to make a presentation at a conference in November 2015 on these funds, hosted by the American University in Washington, D.C. Here is a summary of his remarks.
SWFs are estimated to control over $ 7 trillion in assets around the world. If organized, they could become a new-style OPEC influencing global politics.
They face difficult challenges as financial insitutions. Normal commercial issues include: currency exchange rates, other competitors, international prices for their minerals, cybersecurity and competent management. However, SWFs should attempt to identify atypical challenges which may deliver massive shocks, weakening or even destroying a SWF. Such nasty surprises include: political/military events, terrorism, natural disasters, corruption and immigration.
Specific examples are, in the order above: Iraq's invasion of Kuwait in 1990; the bombing of a Russian aircraft in Egypt, and killings in Beirut and Paris, all in 2015; Hurricane Katrina in 2005 and the Fukushima tsunami in 2011; VW manipulation of emission controls in 2015; and refugees fleeing Iraq and Syria for Europe, also in 2015.
The leadership of SWFs must become more alert to the realities of today's interconnected yet fragmented world: an incident on one continent with one SWF can ricochet across oceans affecting other SWFs which had assumed they were too distant.
Leadership has the fundamental responsibility to plan for all contingencies, even those which are unpredictable but can be imagined, and therefore anticipated.
AGTS has the capability to advise SWFs on such nontraditional challenges, saving them from huge financial losses while helping them to meet their own goals.