The Week of June 12 & 19, 2023 Newsletter

??THIS WEEK: US Manufacturing Investments, Net Zero Transportation, EV Battery Regulations

Start your week with a generous dose of foresight.?Be the first to know so you are the first to lead! ?In just 5 minutes get a head start on this week’s global political and economic events that will shape your business, strategy, and portfolio.?Subscribe to our newsletter to receive the latest edition, every Monday, in your inbox.

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Welcome to Government Analytica’s Geopolitical & Development Week Ahead newsletter.?We provide in-depth coverage and analysis of the latest in local and international development, economy, regulations, and politics that shape the national business environment of key countries around the world.

• We delve into the policies and decisions that shape economic development and regulatory frameworks, and how they impact businesses and individuals alike. We explore the challenges and opportunities faced by different industries and sectors and provide insights into emerging government-influenced trends and opportunities.
• In addition, we closely monitor government developments and their potential impact on the economy and regulatory landscape. From changes in government policies to shifts in international megatrends, we keep you informed of their emergence and impact.

Whether you are a company, business owner, investor, advisor, consultant, policymaker, or simply interested in staying up to date on the latest economic and political developments, our newsletter is the perfect resource for you.

GOVERNMENT ANALYTICA ACADEMY: Learn more about 6-steps to Effective Government Advocacy with this quick 1-pager.?Contact us to learn more about our capabilities and see how we can be of service to you.

HAPPENING THIS WEEK

MONDAY

• An EU Foreign Affairs Committee delegation will go to Chile for talks with the country's authorities and civil society groups about strengthening the EU-Latin America strategic partnership. They will also discuss the state of bilateral relations ahead of the ratification of the EU-Chile Agreement. This visit will conclude with a press point. MEPs will then go to Brazil to look into the reviving of EU-Brazil relations as well as the Mercosur agreement, Brazil's position on the Russian war, and the fight against climate change and deforestation (Monday and Tuesday in Chile, Wednesday to Friday in Brazil).
• EU Transport, Telecommunications and Energy Council will discuss Electricity Market Design.?EU energy ministers will seek a general approach on the EU's electricity market design reform.?The reform is composed of a proposal for a regulation to revise the EU's electricity market design and a proposal for a regulation to improve protection against market manipulation in the EU wholesale energy market (REMIT).?The aim of the reform is to make electricity prices less dependent on volatile fossil fuel prices and shield consumers from price spikes, notably by improving the way the long-term electricity market works.?The general approach will serve as a mandate for negotiations with the European Parliament on the final shape of the legislation.

TUESDAY

• Today is?United Nations World Refugee Day.
• Today,?the 2023 ECOSOC Meeting on the Transition from Relief to Development?will be held in Geneva. This session will provide an overview of the current and future challenges that are affecting communities and countries caught in multi-dimensional crises, including recurrent and protracted crises exacerbated by extreme weather events and climate change,?broadcast live on?UN Web TV.
• Today, in Nairobi, an Expert Group Meeting on the Global Forest Financing Facilitation Network, and Implementation of the UN Strategic Plan for Forests 2017-2030 will be organized by?the UN Department of Economic and Social Affairs (DESA).?The meeting will continue until 22 June.
• Virtual Global Policy Dialogue on “Accelerating Clean Water and Energy for All: Exploring SDGs 6 and 7”. The dialogue is organized by?the UN Department of Economic and Social Affairs (DESA).
• EU CO2 emission targets for new heavy-duty vehicles: Ministers will hold a policy debate on a proposal for a regulation on CO2 emission standards for new heavy-duty vehicles. The proposal aims to further reduce CO2 emissions in the road transport sector in line with the EU's climate objectives by strengthening the emissions reduction targets for 2030 and by setting new targets for 2035 and 2040. In addition, more vehicle categories will be included in the targets, notably buses.
• EU Air Quality: Ministers will exchange views on a proposal for a directive on air quality. It proposes to set 2030 EU air quality standards that are better aligned with World Health Organization guidelines and to put the EU on a trajectory to achieve zero pollution for air by 2050.
• European Parliament delegations of the Legal Affairs Committee delegation will travel to Silicon Valley to discuss the latest developments in the tech sector. MEPs will assess the complexity of regulating the sector, particularly EU legislation like the Artificial Intelligence Act, the Artificial Intelligence Liability Directive and the EU Chips Act. MEPs will meet representatives from key companies, including OpenAI, META, and Google, as well as academics from Berkeley and Stanford universities (Tuesday to Saturday).
• The European Sustainable Energy Week (EUSEW) 2023 will take place in Brussels and online on 20-22 June 2023. It will include a policy conference with 7 plenary and 60 policy sessions covering topics related to skills, energy efficiency, affordability and inclusion, renewables, and decarbonization; the prestigious EUSEW Awards; the Energy Fair with more than 35 stands; and the fourth edition of the European Youth Energy Day.

WEDNESDAY

• Indian President Narendra Modi visits the U.S.?This will be the first visit by an Indian prime minister to the US since 2009.
• House Oversight and Accountability Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs, Hearing: “Clearing the Air: Examining the Environmental Protection Agency’s Proposed Emissions Standards”, Meeting Details
• House Education and the Workforce Subcommittee on Health, Employment, Labor, and Pensions, Hearing: “Competition and Transparency: The Pathway Forward for a Stronger Health Care Market”, Meeting Details

THURSDAY

• Virtual Global Policy Dialogue on “Innovations for Sustainable Cities and Communities: Exploring SDGs 9 and 11”. The session is organized by?the UN Department of Economic and Social Affairs (DESA).
• Summit for a New Global Financial Pact, France will host the summit, with the goal of building a contract between the countries of the North and the South to address relieving debt distress and the global response to climate change.
• House Committee on Science, Space, and Technology, Hearing: Artificial Intelligence: Advancing Innovation Towards the National Interest, Meeting Details

FRIDAY

• A slow day in politics

SATURDAY & SUNDAY

• Elections: Sierra Leonean Presidency, Sierra Leonean Parliament, Guatemalan Congress of the Republic, Hellenic Parliament, Guatemalan Presidency.
• ACP-EU Joint Parliamentary Assembly: MEPs and their counterparts from the African, Caribbean and Pacific countries (ACP) will meet in Brussels for the 43rd session of the ACP-EU Joint Parliamentary Assembly.

GLOBAL ECONOMIC PULSE

The Semiannual monetary policy report to the House Financial Services Committee will be delivered on June 21. After European Central Bank raised rates, the Bank of England is expected to follow. Turkey is expected to significantly increase policy rates. Interest rates will be announced for Brazil (currently at 13.75%), Chile (currently at 11.25%), Czech Republic (currently at 7.0%), Egypt (currently at 18.25%), Hungary (currently at 13.0%), Indonesia (currently at 5.75%), Philippines (currently at 6.25%) and Turkey (currently at 8.5%).?The flash PMI surveys covering US, UK, Eurozone, Japan and Australia will offer a first look into economic conditions across major developed economies in June. The upcoming releases will be especially closely watched ahead of the mid-year market assessment.?The U.S. lacks enough workers to fill open jobs.?In Europe, workers have left the private sector for the public sector. Tight labor markets could squeeze corporate profit margins or force companies to trim workforces to maintain profits.

Earnings Reports This Week:?Sigma Lithium Corp. (SGML), FedEx Corporation (FDX), Freedom Holding Corp. (FRHC), and La-Z-Boy Inc. (LZB), Accenture (ACN), Darden Restaurants Inc. (DRI), FactSet Research Systems Inc. (FDS), Commercial Metals Company (CMC), BlackBerry Ltd. (BB), GMS Inc. (GMS), KB Home (KBH) Winnebago Industries Inc. (WGO), CarMax Inc. (KMX)?

NOTEWORTHY REGULATIONS, LEGISLATION, DECISIONS & REPORTS

• There is an interactive map of Biden Administration’s investments in manufacturing in the U.S.?Under the Administration, private companies have announced $479 Billion so far in commitments to invest in 21st century industries like: $214B Semiconductors & Electronics, $137B EVs & Batteries, $84B Clean Energy, and $19B Biomanufacturing.?The map pinpoints every project and investment, private and public.
• The International Council on Clean Transportation (ICCT) reviews Annual Progress on the Global Transition to Electric Vehicles (EVs).?It published its report for the full Year 2022.
• India published a document for consideration by the G20 titled Building a Resilient EV Battery Value Chain.?India has the G20 presidency this year.
• The Utility Role in Transportation Electrification is a White Paper from the Alliance for Transportation Electrification (ATE)
• The White House published a 2-year report card on Executive Order 14017 on Resilient Supply Chains
• A report was published by researchers on regulations and standards on electric vehicle batter recycling and reuse.
• European Parliament published EU’s Response to the Inflation Reduction Act.?It contains details of investments EU is planning to make.
• U.S. Department of Energy published U.S. DOE Hydrogen Program Annual Merit Review.
• GE Aerospace published the results of a survey on The Future of Sustainable Flight.
• A Statement by the Chief Technology Officers of seven of the world’s major aviation manufacturers was published on their position on Net Zero ambitions in flight.
• International Energy Agency published The Energy Efficiency Policy Toolkit.
• International Labor Organization published Determinants of Productivity Recovery and Business Resilience.
• U.S. Congressional Research Service published a report on U.S.-India Relations.
• U.S. National Telecommunications and Information Administration, U.S. Department of Commerce Request for Comment on Artificial Intelligence Accountability 88 Fed. Reg. 22433 Docket No. 230407-0093 has generated a lot of responses.?Here is an example.
• World Economic Forum published Global Health and Healthcare Strategic Outlook: A Shared Vision for 2035
• Digital Health Alliance published GUIDANCE TO INDUSTRY: Classification of Digital Health Technologies
• United Nations published a first version of its annual report 2023 Global Sustainable Development Report
• International Labor Organization published Occupational Safety and Health, Frontline Workers, and the COVID-19 Pandemic in the U.S.

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SECTORS WE TRACK

• MULTILATERAL INSTITUTIONS & DEVELOPMENT
• GEOPOLITICS & POLITICAL RISK
• SUPPLY CHAINS & INDUSTRIAL POLICY
• ECONOMY, FISCAL STIMULUS & SURPLUS SPENDING
• FINANCIAL SERVICES, LABOR & TAXES
• INFRASTRUCTURE & CONSTRUCTION
• ENERGY & ENVIRONMENT
• HEALTHCARE
• TECHNOLOGY
• AEROSPACE & AVIATION
• AUTO & ELECTRIC VEHICLE INDUSTRY

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We take an in-depth look one week ahead and one week back.?Start your week with a generous dose of hindsight and foresight!