Los Angeles Area Chamber of Commerce I October 2019
 


Chamber first in the nation to offer comprehensive online export documentation platform
 
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The Chamber fully transitioned to a new and comprehensive online export documentation solution platform, in partnership with Fast Track Global Services (FTGS), featuring secure blockchain technology and offering multilingual certificates of origin, free sale, good manufacturing practices and good standing documents. As the first Chamber in the nation to offer such a comprehensive platform, the L.A. Area Chamber embarked on this venture in a continued effort to help area businesses increase efficiency, and save time and money. The platform improves the way exporters and freight forwarders can handle regulatory needs by providing step-by-step guidance and built-in legalization/apostille options, while providing the highest level of security and document traceability. In creating the comprehensive platform, FTGS has worked with foreign governments, global regulatory and health agencies and freight forwarders to develop a secure, blockchain technology that helps exporters obtain and process their documents with increased accuracy, enhanced security and instant traceability. The Chamber has been a long-time issuer of export documentation, but with this new platform will do so with increased efficiency and security. VIEW the video, READ the press release and LEARN MORE.
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Chamber's World Trade Week Committee kicks off planning for 2020
The Chamber's World Trade Week (WTW) Southern California Committee kicked off its plenary meetings last month under the leadership of 2020 Committee Chair Cindy Allen, vice president, regulatory affairs and compliance, FedEx Logistics. The 94th Annual World Trade Week Kickoff Breakfast will be held May 5, 2020, at the InterContinental Los Angeles Downtown Hotel. In addition to the large kickoff event in May each year, the committee supports college and high school scholarships, conferences and workshops for civic and business leaders interested in benefiting from the global economy and legislative outreach. If you interested in supporting the committee, please contact WTW director Jasmin Sakai-Gonzalez. SEE THE PHOTOS.
 
Chamber receives STEP grant funding for eighth consecutive year
The Chamber has once again received funding through the State Trade and Export Promotion (STEP) program to help small businesses enter and succeed in the international marketplace. Since 2011, the Chamber has recruited small and medium-sized firms to participate in major overseas trade shows and assist them in increasing their export activities in global markets. The Chamber is the only recipient of the STEP grant in the City of L.A. LEARN MORE.
 
Chamber signs MOU with Armenian Minster of High-Tech Industry
The Chamber welcomed Prime Minister Nikol Pashinyan from the Republic of Armenia on his inaugural visit to Los Angeles. The Chamber co-organized the event, the California-Armenia Business Symposium, and signed a memorandum of understanding (MOU) with the Minister of High-Tech Industry, Hakob Arshakyan, solidifying the relationship between the two organizations. The MOU paves the way for an unprecedented partnership between the Chamber and the Armenian government. SEE THE PHOTOS.
 
Chamber joins World Economic Forum for panel discussion and reception
Last week, the Chamber held a special panel discussion and reception with the World Economic Forum at the Official Residence of the Consul General of Canada. The panel discussion, part of the World Economic Forum's Value in Media research project, convened leading executives from companies in media, entertainment, technology and consumer industries to explore how stakeholders in the media industry define and measure the value of content. Speakers included moderator Kristine Stewart, World Economic Forum; David Jurenka, NFL; David Wiebe, DreamWorks Animation; and Danny Keens, NextVR. SEE THE PHOTOS.
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Blockchain and Fintech: Bridging the Global Trade Gap, Oct. 16
Bitcoin, blockchain and cryptocurrency are technological innovations that will permanently alter the way we do business globally. From financial transactions to knowledge and data transfer, their implications are endless. New business models are powered by these emerging technologies. At the forefront of the conversation are talks of integrating process re-engineering with robotics, marking the beginning of an important evolution in fintech-bank relationships. Join the Chamber's Global Initiatives Council to hear from Edward Achtner, head of digital banking and strategic change, HSBC, and Bryan Myint, partner, Republic, and founding partner, Taureon Capital, as they share thoughts on lessons learned across various digital transformation trends, as well as tips for business leaders to stay on top of this technological movement. REGISTER.
 
Export Documentation Briefing, Nov. 7
Join the Chamber and Fast Track Global Services, in partnership with the U.S. Commercial Service, on Nov. 7, 9-11:30 a.m., to learn about the latest export documentation trends and solutions from expert speakers. Hear about the following:
  • The most effective way to submit your entry documents
  • Security and customs requirements, including documents needed for restricted articles, cosmetics, nutraceuticals, medical devices and pharmaceuticals
  • Certificates of Origin, Certificates of Free Sale and other certificates
  • Import licenses, notarization, authentication and apostilles
  • Navigating product registration issues
  • Using Incoterms® and distributor agreements to shift risks and facilitate payments
Space is limited. REGISTER.
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Chamber member diplomats receive AI industry sector briefing
Members of the Chamber's Diplomatic & Commercial Officers Group met with Dr. Paul McLachlan, principal data scientist with Ericsson Global Artificial Intelligence Accelerator, last week to receive an update on general trends in the AI and 5G sector in California. McLachlan noted that technological advancement in mobile and cloud computing has resulted in projected 8x growth in smartphone traffic by 2020 and that given the high levels of international collaboration, California is uniquely positioned to drive innovation in this sector and accelerate growth. VIEW THE PRESENTATION. SEE THE PHOTOS.
 
The Diplomatic & Commercial Officers Group provides the infrastructure and venue where members of the consul corp. and trade offices can develop their own trade strategies and programs as they perform their professional responsibilities. To date, more than 40 countries are represented in the initiative. LEARN MORE.
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Be a part of the largest celebration of global trade in the nation
If your company is a key player in the global trade arena, don't miss this opportunity to participate and gain visibility in front of nearly 900 members of the Southern California trade industry. World Trade Week Southern California is dedicated to educating the public about the positive impacts of international trade on the local and national economies and kicks off on May 5, 2020, with one of the biggest celebrations of global trade in the nation. BECOME A SPONSOR!
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California opens Trade and Services Desk in Mexico
Lt. Gov. Eleni Kounalakis, Gov. Gavin Newsom's representative for international affairs and trade development, announced last week that California has established a Trade and Services Desk to promote two-way trade and further strengthen California's deep economic, political and cultural relationship with Mexico. As part of this announcement, Carlos Valderrama, former Chamber president of the Center for Global Trade & Foreign Investment, has been named as the California Trade & Investment Representative - Americas. The Trade and Services Desk will be utilized to promote trade and investment by Californian and Mexican businesses, assist businesses looking to invest and/or export to and from the Americas and support more robust two-way exchange in environmental protection, education and tourism -- with the common goal of creating a sustained, strategic and mutually-beneficial partnership. The Trade and Services Desk will be run by the State's point of contact for economic development, the Governor's Office of Business and Economic Development (GO-Biz), in partnership with the University of California's Casa de la Universidad de California en México. READ MORE.
 
USMCA No-Rest Recess call to action
The U.S. Chamber of Commerce recently announced a "No Rest Recess" call to action to members of Congress urging passage of the U.S.-Mexico-Canada Agreement (USMCA) this fall. During the district work period, their team will be tracking which members meet with local businesses to learn about how enactment of the trade agreement will benefit their local community. We encourage you to tell Congress to take action during #NoRestRecess. CLICK HERE to urge Congress to meet with local businesses and chambers of commerce about USMCA during the two-week recess. If you have not already done so, please take a moment to tell Congress to pass the USMCA HERE.
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Congratulations to the awardees of the 7th Annual WIT-LA Global Trade Awards Gala
 

 
On Nov. 7, 6-9:30 p.m., Women in International Trade Los Angeles (WIT-LA) will celebrate women who have made outstanding contributions to industries and economic development that lead to local, national and global growth. The Chamber congratulates all of the worthy awardees, including Woman of the Year Suzanne T. Stirling, CalChamber; Global Trade Educator of the Year Amy Grat, EXP; Global Trade Catalyst of the Year Betty Young, Hong Kong Trade Development Council; and Member of the Year Kollyn D. Kanz, HSBC. JOIN THE CELEBRATION.
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