Los Angeles Area Chamber of Commerce I November 2018

Chamber hears from World Economic Forumtoparticle
Members of 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 of commerce across the country leading public and private sector 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. See the PRESENTATION and PHOTOS.
European Union Economic and Financial Affairs Minister briefs Chamber Board members
The Chamber, in partnership with the European Union and Beacon Economics, hosted EU Economic and Financial Affairs Minister Counselor Moreno Bertoldi in late October. The minister discussed the state of the Eurozone, EU economic forecast and other macroeconomic issues relevant to today's EU-U.S. relationship. California exports to the EU were $31.29 billion in 2017, making California the top exporting state to the European Union. Computers, electronic products, chemical manufactures and transportation equipment were leading export sectors to the region. European Union countries purchase roughly 18 percent of all California exports. SEE PHOTOS.

Cuauhtémoc Cardenas visits the Chamber
Cuauhtémoc Cardenas, one of the most prominent Mexican political leaders, paid a courtesy visit to Chamber President & CEO Maria S. Salinas last month. Recognizing that Los Angeles has the largest Mexican population outside Mexico City, Cardenas expressed his desire and hope that the Chamber will take the lead in strengthening cultural, educational and business ties with Mexico. Cardenas is the former mayor of Mexico City (1997-1999), governor of Michoacan (1980-1986), national president of the Party of the Democratic Revolution (PRD) (1980-1986), and presidential candidate in 1988 and 2000.
Chamber meets with Ambassador of Ireland to the U.S.
Members of the Chamber Board of Directors and representatives of the global trade community met with Amb. Daniel Mulhall, ambassador of Ireland to the U.S., late last month. Amb. Mulhall provided an update on the impact of Brexit on the Irish economy, the future of the EU, and Ireland's deep trade, tourism and investment relationship with California. Amb. Mulhall noted that California is in fact Ireland's No. 1 trading partner in the U.S. An estimated 20,000 jobs in Southern California are supported by Irish-headquartered companies. In 2017, California exported more than $1.5 billion to Ireland, providing 14.4 percent of total U.S. exports to Ireland. The Ambassador was accompanied by Hon. Robert O'Driscoll, consul general of Ireland from San Francisco. SEE THE PHOTOS.
Chamber participates at the São Paulo Investment Day
Carlos J. Valderrama, president of the Center for Global Trade & Foreign Investment, welcomed Bruno Covas, mayor of São Paulo, and his trade delegation promoting investment opportunities in public-private partnerships, concessions and privatizations in Brazil's largest metropolitan region. Valderrama spoke about the need for Los Angeles based construction, engineering and architectural firms to participate more in infrastructure projects abroad. Brazil is the world's eighth largest economy; São Paulo is the largest city in South America and generates about 11 percent of the nation's gross domestic product.
China-U.S. Trade Relations: Past, Current and Future, Dec. 5
Join the Consulate General of China, in partnership with the Chamber and Los Angeles Regional Export Council to hear from senior government officials, business leaders and experts as they share their insights about the past, present and the future of China-U.S. trade relations. The seminar will address the uncertainty caused by the imposition of tariffs on Chinese products and the escalation of trade friction between the world's two largest economies. California has the strongest trade tie with China among the 50 U.S. states. In 2017, trade with China accounted for 28.7 percent of California's total foreign trade, and exports to China accounted for nearly 10 percent of California exports. More than half of the cargo at the Port of Los Angeles and two-thirds of the cargo at the Port of Long Beach were to or from China. Speakers will include: Mayor Eric Garcetti, City of Los Angeles [invited]; Hon. Zhang Ping, consul general of China in Los Angeles; Amb. Mickey Kantor, partner, Mayer Brown; David Loevinger, managing director, emerging markets sovereign research, TCW Group; and Panorea Avdis, director of the Governor's Office of Business and Economic Development (GO-Biz). RSVP.
Save the Date: 93rd Annual World Trade Week Kickoff, May 2, 2019
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 1,000 members of the Southern California trade industry! World Trade Week is dedicated to educating the public about the positive impacts of international trade on the local and national economies. BECOME A SPONSOR!
Global trade career pathways in the spotlight at LAX Aviation Career Day
Members of the World Trade Week Education Committee participated as exhibitors at the third annual LAX Aviation Career Day hosted by Los Angeles World Airports and Los Angeles Unified School District. More than 500 local high school students were introduced to careers in the aviation and global trade industry at LAX's Flight Path Museum & Learning Center. Students came from across the Los Angeles region, and as far away as Harbor City. The committee showcased the Global Trade Careers Guide, sponsored by California State University, Northridge, as well as scholarship opportunities. LEARN MORE.

Photo credit: Los Angeles World Airports (LAWA)
California Environmental Regulations & Renewable Energy Briefing, Nov. 15*
Join us on Nov. 15, 9:30-11 a.m., at the Chamber to receive an update on California environmental regulations and renewable energy from the chair to the California Energy Commission, Robert Weisenmiller, and Dr. Fan Dai, special environmental advisor to Gov. Brown. Chair Weisenmiller and Dr. Dai will discuss California's legislature and new initiatives pertaining to renewable energy and environmental protections, in particular an overview of the Global Climate Action Summit and any international partnerships and actions that resulted from the summit. RSVP.
Annual Strategic Roundtable, Dec. 3*
Join us on Dec. 3, 3:30-5:30 p.m., at the Omni Hotel Downtown Los Angeles, where we will announce 2019 leadership for the group, set top program priorities for 2019 and receive the group's general feedback. We strongly encourage you to attend this last session of the year to ensure your programming priorities for 2019 are heard. Please limit attendance to two representatives from your office. The session will be followed by the Chamber's Annual VIP Holiday Reception from 5:30-7 p.m. RSVP.
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.
Port of Long Beach moves 8 million TEUs in fiscal year
The Port of Long Beach closed out the 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months, the most ever, representing a 10.7 percent increase over fiscal year 2017. The Port's fiscal year is Oct. 1 to Sept. 30.

"We are poised to break our calendar year record at the end of December," said Port of Long Beach Executive Director Mario Cordero. "Despite the tariffs imposed by Washington and Beijing, international trade is showing resilience, and at our Port we are providing a conduit for commerce that's efficient for our customers and getting their cargo to destinations faster, saving them money."

"The Port of Long Beach moved 701,204 TEUs last month, the second-busiest September in our 107-year history," said Long Beach Harbor Commission President Tracy Egoscue. "That's a good thing for our economy. Trade flowing through the Port of Long Beach supports 1.4 million jobs across the United States, including more than 300,000 jobs in Southern California." LEARN MORE.
President of Bobrick Washroom authors trade op-ed featured in Wall Street Journal
Mark Loucheim, president of Bobrick Washroom and Chamber Board member, authored an op-ed titled "Trump Is Right About China Trade: Small manufacturing can thrive on a level playing field" last month. Loucheim notes, "Conventional wisdom about manufacturing is wrong. It isn't a lost cause, and the U.S. isn't destined to become a pure service economy. In fact, new technologies including numerical controls, lasers and robotics have propelled a renaissance in American manufacturing. My Los Angeles-based bathroom-accessory and toilet-partition company has benefited from this, investing continually in our facilities, technology and best practices to remain globally competitive. President Trump's tariffs may harm major multinational manufacturing companies that have significant operations in China and companies that import products from China. But for many small and medium-size manufacturers such as ours, which create most of our products at home, the tariffs have minimal impact. There is no better time to level the playing field with China than now. The economy is growing quickly and it can absorb the short-term pain from reciprocal tariffs." READ THE FULL OP-ED.
American Airlines Cargo breaks another operational record
American Airlines Cargo continues to outperform and exceed operational performance records achieved in the past seven decades. Earlier this year, the team had a record-setting second quarter, moving nearly 350 million pounds (158 million kilograms) of freight, up 10 percent from 2017, plus a record June performance. New routes, strategic capacity planning and exceptional team work from within the organization led to the best September performance numbers ever recorded in the airline's history. LEARN MORE.
Trade Community Eventsevents

Federal Register seeking public comments on Canada-U.S. regulatory divergence
The Office of Information and Regulatory Affairs (OIRA), within the Office of Management and Budget, is seeking public input on how the Federal Government, under the auspices of the United States-Canada Regulatory Cooperation Council, may reduce or eliminate unnecessary regulatory differences between the United States and Canada. This request for information (RFI) may inform agencies' development of regulatory reform proposals to modify or repeal existing agency requirements to increase efficiency related to economic activity with Canada, reduce or eliminate unnecessary or unjustified regulatory burdens, or simplify regulatory compliance, while continuing to meet agency missions and statutory requirements. OIRA also seeks public comment to identify ongoing or emerging areas for which cooperation could reduce the risk of divergence between U.S. and Canadian regulations. OIRA plans to make all submissions publicly available on www.regulations.gov.

Public comments are being sought in advance of the 2018 RCC Stakeholder Forum, which will be held Dec. 4-5 at the Walter E. Washington Convention Center in Washington, D.C.

The deadline for feedback is COB Friday, Nov. 30. To submit, email Ciara O'Dea.

eCertify is becoming essCert!
The L.A. Area Chamber is delighted to announce that it has partnered with essDOCS Certification to offer a new and improved online Certificate of Origin application platform, essCert.

The essCert platform has been developed with exporters in mind and is fast, flexible and easy to use. A full presentation of benefits can be viewed here.

On Monday, Dec. 3, the new platform will be live. If you are an existing eCertify user, a new essCert profile will have been created automatically. You will, however, need to retrieve new login details here on Dec. 3.
The Chamber continues to strive to provide exporters in the region with quick, affordable and easy export documentation, saving our clients time and money and ensuring compliance with regulations. LEARN MORE.

Chamber members receive tools to access global opportunities and strengthen their business.