4th Annual International Leaders Summit on Economic Growth, The European Parliament, Brussels (ILS)

Venue: The European Parliament

Location: Brussels, Belgium

Event Date/Time: Oct 10, 2007 End Date/Time: Oct 11, 2007
Registration Date: Oct 08, 2007
Early Registration Date: Oct 03, 2007
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Co-Hosted by Adriatic Institute for Public Policy Roger Helmer, MEP, UK and Dr. Syed Kamall, MEP, UK

“The Future of Transatlantic Relations”
October 10, 2007 at The European Parliament,
Brussels, Belgium
October 11, 2007 - Renaissance Brussels Hotel
Speakers Confirmed as of September 7, 2007:

Janez Janša, Prime Minister, Slovenia (Slovenia Chairs the European Union Presidency in 2008)

Nikola Gruevski, Prime Minister, Macedonia

Mart Laar, Member of Parliament and Former Prime Minister, Estonia

Roger Helmer, Member of the European Parliament, United Kingdom

Dr. Syed Kamall, Member of the European Parliament, United Kingdom

Maurice McTigue, Vice President, Director of the Government Accountability Project, and Distinguished Visiting Scholar, Mercatus Center, George Mason University, Former Member of Parliament, Cabinet Minister and Ambassador, New Zealand

Dr. Andrei Illarionov, Senior Fellow, The Cato Institute and Former Chief Economic Advisor to President Vladimir Putin, Russia

Dr. Daniel Mitchell, Senior Fellow, The Cato Institute, USA

Matthew Bishop, Chief Business Writer/American Business Editor, The Economist, New York, USA

Edward Lucas, Deputy Editor, International Section and Central and Eastern European Correspondent, The Economist, London, UK

Kyle Wingfield, Editorial Page Writer, The Wall Street Journal Europ

Eric Jansson, Correspondent, Financial Times, UK

Grover Norquist, President, Americans for Tax Reform USA

Bridgett Wagner, Director of Coalition Relations, The Heritage Foundation

Dr. Ljubo Jurcic, Member of Parliament, Professor, University of Zagreb, Former Minister of Economy, and 2007 Prime Ministerial Candidate, Croatia

Ronald Stewart-Brown, Director, Trade Policy Research Centre, UK

Matt Sertich, CEO, Applied Ceramics, Silicon Valley, California, USA

Natasha Srdoc, Co-Founder and President, Adriatic Institute for Public Policy and International Leaders Summit on Economic Growth

Helen Disney, Chief Executive, The Stockholm Network, UK

Joel Anand Samy, Co-Founder, Adriatic Institute for Public Policy and International Leaders Summit on Economic Growth

ILS 2007 Strategic Sessions
The European Parliament, Brussels
Tax Reform and Tax Competition – The Wave of the Future?
Commerce and Trade: Harmonization vs. Competition
Seeking a Sound Energy Policy
Privatization and Government Reform: Trends and Strategies
Is Globalization Working for All? Focusing on the Benefits and Challenges
Empowering the Individual: Is Labor Market Flexibility Working?
Security Challenges and Threats: Strengthening Alliances and Creating New Strategies
Law and Justice: A Growing Divide - The Anglo-Saxon Common Law and The Roman/Germanic Continental Law
Debate on the Proposed US/EU Free Trade Zone and the Harmonization Agenda
The International Leaders Summit on Economic Growth - a strategic initiative of Adriatic Institute and its dedicated partners are committed to the principles of freedom based on the rule of law and the protection of property rights.
ILS Partners as of August 14, 2007:
Adriatic Institute for Public Policy, Applied Ceramics, E-Libertas, Potomac, Stockholm Network, Utilis, General Graphic, Business HR, Radio 101, Letica Corporation and Mike Bubalo Construction, Inc., Center for Freedom and Prosperity and World Development and Empowerment.

Brief Synopsis
The Adriatic Institute for Public Policy, Roger Helmer, Member of the European Parliament (MEP), UK and the event’s strategic partners are pleased to announce the International Leaders Summit on Economic Growth (ILS) – Brussels scheduled for October 10 and 11, 2007 at The European Parliament, Brussels, Belgium. The strategic theme for the Brussels event is "The Future of Transatlantic Relations" and sessions will focus on economics, energy, justice, trade and security.

Distinguished speakers and summit participants will include business, media communications and political leaders from both sides of the Atlantic and include prominent representatives from leading American and European independent think tanks.

The increased transatlantic tensions and growing concerns expressed by entrepreneurs, investors, independent journalists, policymakers and major stakeholders have led the leadership committee of the “ILS Brussels- 2007” to convene this timely and relevant event in Brussels. Most importantly, the conference event will highlight the challenges and obstacles that have given rise to transatlantic turbulence; focus on issues that have augmented a plethora of new EU regulations; create an environment for engaged discussion and debate and most importantly present principled and pro-growth solutions.

Divergent political and economic systems are precluding the establishment of true free trade and a free market between the US and EU. Is the free market achievable with government owned and subsidized companies “competing” with privately owned companies in the same market? Can regulation be brought up by a non-elected government bureaucracy without taking into account a proper regulatory impact assessment done by independent (non-government funded) institutions? Which laws and whose interpretation will be relevant for any legal dispute: Anglo-Saxon Common Law or Romano-Germanic Continental Law? What combination of economic policies, political institutions, market institutions and a legal system works best to increase the standard of living of individual taxpayers, advance economic freedom based on rule of law and strengthen personal liberty?

The security challenges and threats have impacted both sides of the Atlantic. Is there a strategic, synergistic and robust response to the long-term concerns? Are the current military alliances working competently and resourcefully? Is there a need to create a broader strategic security alliance beyond the current structures in place? Are security and privacy issues prudently debated prior to new legislative measures? What is the fine line between increasing security and protecting privacy?

The following pertinent data provide a brief glimpse regarding the prominent US-EU economic ties*:

Daily - over $2 billion of trade flows across the Atlantic.
In 2006, trade between the continents totaled more than $3 trillion.
Transatlantic workforce is estimated at over 14 million.
In 2006, EU exports to the US were nearly $339 billion and US exports to the EU were over $224 billion.
Trade in services – EU exports to the US amounted to $153 billion and EU imports from the US were around $144 billion.
(*Sources: European Union, European Parliament and US Department of Commerce)

A new troubling trend has arisen whereby 80% of Europe’s legislation is brought forth by Brussels without a regulatory impact assessment. A continued approach without assessment and review could further endanger the strategic transatlantic economic relationship. Furthermore, the issues of taxation, regulation and competition will be placed under the spotlight.

In a Financial Times commentary, John Willman, FT’s business editor, reports on a recent finding by a business backed think-tank in London. Out of 1,000 chief executives polled by ICM, 60% wanted to re-negotiate membership of EU, and 52% of larger companies (250 employees or more) supported re-negotiation. The report stated:
“Concern over EU legislation was greater among chief executives of the bigger businesses, with 70 per cent who thought regulation was increasing compared with 59 per cent for the survey as a whole.”

Finally, Willman reports that business cost of complying with the regulations was up to 600 billion euros a year.

Over the past 12 years, a quiet revolution has been transforming post-communist eastern Europe as pioneering leaders from the Baltic’s Estonia to the Balkan’s Macedonia embrace economic freedom and implement bold market reforms. The East’s lessons in reforms from taxation, privatization, labor market flexibility to pension reforms may be consequential for the West.

On July 23, 2007, The Wall Street Journal’s editorial comment conveyed the following:
“For Western Europeans, their neighbors' low, flat taxes are both an opportunity and a lesson. In the first quarter of this year, the euro zone -- dominated by France, Germany and Italy -- for the first time sold more goods to the 11 new Central and Eastern European EU members than to the U.S. Old Europe has these new customers in large part because New Europe is getting its fiscal policy right. Both would be richer if the West followed the East's example.”

A strategic report outlining recommendations will be presented to the European Commission, the European Parliament, the US Administration and the US Congress, taxpayers and stakeholders. This conference will begin an important series of regular gatherings and annual events that augment a movement for advancing economic freedom and strengthen the common ties across the Atlantic.