Successfully complete the re-negotiations that will effectively modernize the North American Free Trade Agreement (NAFTA).
Support any necessary amendments or implementation measures to ensure that the U.S. - Korea Free Trade Agreement (KORUS FTA) remains in effect.
Resume and complete the negotiations for the Trans-Atlantic Trade and Investment Partnership (TTIP) with the European Union.
Ensure full U.S. engagement in the World Trade Organization (WTO) that will ensure and maintain its institutional integrity and the multi-lateral trading system.
Support and conclude negotiations for the WTO International Services Agreement that will expand market access for U.S. service sectors.
Successfully conclude negotiations for Bilateral Investment Treaties with China and India.
Support new bilateral free trade agreements with key trading partners in lieu of the Trans-Pacific Partnership (TPP).
Wednesday, Feb. 13, 2019 9:30 - 10:30 a.m.
RECAP OF LAST MEETING:
President of German Marshall Fund addresses Global Initiatives Council, Nov. 14
In an era of unease in the transatlantic relationship, negotiations on trade have recently emerged with potential to reinvigorate the bond between the U.S. and Europe. Dr. Karen Donfried, president of the German Marshall Fund, addressed these issues as she sheds light on the existing EU-U.S. trade relationship, the current state of trade negotiations between the two nations. Dr. Donfried noted that business has a key role to play in preserving transatlantic relations; business must weigh in on the important discussions to highlight the major economic benefits of maintaining a strong and positive trade relationship between the EU and the US. Maintaining a strong presence on both sides of the Atlantic, the German Marshall Fund of the United States (GMF) works to strengthen cooperation through convening leaders on transatlantic issues relevant to policymakers. In 2017, the E.U. and the Los Angeles region reached $47 billion in bilateral trade. Trade between the EU and California totaled $75 billion. SEE PHOTOS.
Chamber hears from World Economic Forum, Oct. 17
The Chamber’s Global Initiatives Council received a briefing on the Fourth Industrial Revolution from Richard Samans, managing director of The World Economic Forum. Samans updated the council on new government regulations surrounding the tech sector and its impacts on trade. Samans stressed the importance of Chambers across the country to lead public and private sectors collaboration to assess the implications of a workforce that is being shifted by technological advancements and to address those needs in strong workforce development plans. Professor Klaus Schwab, founder and executive chairman of the World Economic Forum, is convinced that we are at the beginning of a technological revolution that is fundamentally changing the way we live, work and relate to one another. It is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human. Drawing on The World Economic Forum's global convening power, community creation and insight generation, the Center for the Fourth Industrial Revolution in San Francisco aims to accelerate cross-sector cooperation for effective Fourth Industrial Revolution governance.
How To Identify and Compete Effectively for World Bank-Financed Contracts: A Conversation On the New Procurement Framework Wednesday, Aug. 15
Members of the Global Initiatives Council heard from Enzo de Laurentiis, Chief Procurement Officer and Operations Policy & Country Services Vice Presidency at the World Bank Group, as he sheds light on the World Bank's new procurement framework aimed at helping countries design procurement strategies that encourage the right, high-performing contractors to bid. This new procurement approach has numerous changes designed to foster private sector participation such as providing more protection for bidders/contractors, which are meant to encourage the delivery of high-quality products and services that are innovative, value-adding, and sustainable.
TENTATIVE 2019 DATES
This council meets most third Wednesdays of the month, 9:30 - 10:30 a.m. Meetings will take place at the L.A. Area Chamber.
The L.A. Area Chamber has actively supported and advocated for the passage of previous Free Trade Agreements, with the belief that trade is not the problem but part of the solution. The Chamber is committed to collaborating with partnering organizations to effectively work together to support the enforcement of trade agreements, protection of intellectual property and promotion of direct foreign investment and constructive dialogue.
Access to key information and resources is one of the tools that the Council strives to provide its members. Under the leadership of Dr. Anatoly Zhuplev, professor at Loyola Marymount University and Council Co-chair, a team of LMU students are compiling research for pertinent topics.