Los Angeles Area Chamber of Commerce I September 2017
 
 
Chamber Hosts Prime Minister of Estoniatop
 
Estonian Prime Minister Jüri Ratas and a delegation of 20 business executives and government officials visited the Chamber last month to receive a briefing on the economic importance of the L.A. region and to discuss bilateral trade opportunities. The delegation was accompanied by Honorary Consul Jaak Treiman and newly appointed Estonian Ambassador to the U.S., Amb. Lauri Lepik. Prime Minister Ratas shared information about Estonia's e-Business Register, an advanced and secure online tool that allows non-Estonian citizens to register and establish a company in Estonia within minutes and without a physical presence in Estonia. MORE INFORMATION.
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Chamber members receive briefing from Gov. Brown's Deputy Director of Trade
 
Awinash Bawle, newly appointed deputy director for International Affairs and Business Development for the Governor's Office of Business and Economic Development (GO-Biz), presented an update on the State's international strategies in late August. "For the last three years, California has had the lowest unemployment rate in the nation. The secret to our success is that we literally and figuratively have kept our borders open to trade. The Chamber has been instrumental in the development of many of our international programs and initiatives," said Bawle. Bawle also met privately with members of the Chamber's Diplomatic & Commercial Officers group to discuss key global partnership projects.
 
Chamber co-hosts Mexico City officials
The Chamber, in partnership with the Mexico City Initiative, hosted a high-level delegation representing private and public entities last Friday. Former Mayor of Mexico City Cuauhtémoc Cárdenas and current Director General of International Affairs represented Mayor Miguel Ángel Mancera. The luncheon highlighted the strong cultural, commercial and educational ties between L.A. and Mexico City.
 
Chamber welcomes representatives of the Indo-American Chamber of Commerce (IACC)
Twelve senior business executives and members of the IACC discussed their commercial and industrial interests in buying, selling and investing with California firms at the Chamber last month. The main industries represented were aerospace and defense. Established in 1968, IACC is the only bilateral chamber in India promoting Indo-U.S. economic engagement. India is the L.A. region's seventh-largest trading partner, with a total bilateral trade of more than $11 billion in 2016. SEE THE PHOTOS.
 
Media seeks Chamber comments on NAFTA
Carlos Valderrama, president of the Chamber's Center for Global Trade & Foreign Investment, was interviewed by CNN Spanish Network and Mexican newspaper El Universal in August. The interviews covered the renegotiation of the North American Free Trade Agreement (NAFTA), and possible outcomes of the final trilateral agreement. "The Chamber is optimistic that the renegotiation will result in a more current and practical agreement. Thousands of companies, trade associations and professional groups are providing the United States Trade Representative with crucial feedback on necessary updates to the agreement," said Valderrama. "It is our hope that the future of NAFTA will result in a working document that will allow for frequent clause reviews and amendments to ensure its relevancy over the next few decades." View the CNN interview; Read the El Universal article.
 
LARExC hosts Ambassador of Vietnam
The Los Angeles Regional Export Council (LARExC) met with H.E. Pham Quang Vinh, Vietnamese ambassador to the U.S., last week to discuss plans for a concrete partnership with several regions in Vietnam. The ambassador was accompanied by several embassy officials, who welcomed the opportunity to connect with several members of the L.A. business community. The ambassador's visit follows a meeting with 21 members of the Vietnam Chamber of Commerce and Industry (VCCI) in August. In 2016, Vietnam became the L.A. region's fourth largest trading partner, with a total bilateral trade of $18 billion. This remarkable growth during the last decade is the result of the 2007 Trade and Investment Framework Agreement signed with the U.S.
 
upcoming
Export Documentation Briefing: Getting It Right The First Time, Oct. 3
Join the L.A. Area Chamber in partnership with the District Export Council of Southern California and Global Registrations Inc. on Tuesday, Oct. 3, 8:30-11:30 a.m., to learn what export documentation you need and solutions from expert speakers 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 pharma
  • 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 payment
  • Implications of current NAFTA renegotiation
Cost $35; Space is limited - RSVP NOW.
 
Los Angeles: A Global City, Oct. 18
Join the Chamber's Global Initiatives Council on Wednesday, Oct. 18, 9-10:30 a.m., to meet Amb. Nina Hachigian, newly appointed Deputy Mayor of International Affairs from the Office of Mayor Eric Garcetti. Amb. Hachigian will facilitate an open discussion to solicit ideas from participants about priorities for future work of this new Mayor's Office. Prior to her appointment, Amb. Hachigian served as the second U.S. ambassador to the Association of Southeast Asian Nations (ASEAN) from 2014 to 2017. RSVP NOW.
DIPLOMATIC & COMMERCIAL OFFICERS NEWSdcog
Member Announcement:
The Trade Commission of Spain in Los Angeles, ICEX Spain Trade and Investment, is organizing The Spain Southern California Investment Summit in L.A. on Oct. 24 from 9 a.m. to 2 p.m. at the Omni Los Angeles Hotel, in collaboration with the Office of Governor Brown - GO-Biz, the Office of Mayor Garcetti - International Affairs, the L.A. Area Chamber and the World Trade Center Los Angeles.
 
Secretary of Commerce of Spain María Luisa Poncela is leading a delegation of more than 30 companies from the renewable energy, transportation, infrastructure, waste, water and smart cities sectors.
 
The summit provides American companies with a great opportunity to conect with companies from Spain that are deeply interested in the Southern California market. You can also benefit from the four specialized industry panels that are being organized with top-notch experts in these sectors from California. LEARN MORE.
New Member Welcome:
The Chamber is pleased to welcome the new Consul General of New Zealand, Hon. Maurice Williamson. The Chamber and the L.A. business community look forward to working with you!
Member Farewell:
The Chamber would like to thank Jose Ma. Dinsay, trade commissioner of the Philippines in Los Angeles, for his service to L.A. for the past several years. He has taken on a new post and responsibilities, and we wish him the best of luck.
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A Call For Sound Business Decisions in Our Trade Negotiations
 
Excerpt from an op-ed by Carlos Valderrama, president, Center for Global Trade & Foreign Investment, L.A. Area Chamber
 
The renegotiation of the North American Free Trade Agreement (NAFTA), and the possible renegotiation of the US-Korea Free Trade Agreement (KORUS) make daily headlines in newspapers and trade publications around the globe. They attract international attention because they will affect nearly every country in the world, not just the United States, Mexico, Canada and South Korea. Thousands of companies headquartered in foreign countries that are not directly involved in the negotiations, but are part of the global supply chain and global economy, will be impacted. Many of these companies also have jobs and investments in the United States.
 
The second round of NAFTA negotiations recently concluded in Mexico. The third round is scheduled to be held in Canada later this month. We believe that more meetings will need to take place before a final trilateral document is agreed upon by the three NAFTA partners. The Chamber recommends that U.S. Trade Representative (USTR) negotiators not tie themselves to a political timetable for reaching an agreement. The final document should be based on sound business decisions and lessons learned from past mistakes, past successes, and a world that is changing every day because of new technology. READ FULL OP-ED.
 
IN THIS ISSUE
 
TRADE COMMUNITY EVENTStrade

EXPORT DOCUMENTATIONexportdoc
 
JOIN THE CHAMBERjoin

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

Ex-Im Bank: Lessons Learned from the Field
 
Many small and medium-sized businesses never consider exporting.
 
However, businesses of all sizes are stepping up and increasing their profits by selling their products across the globe.

Don't miss the opportunity to reach new markets and increase sales. Start with this "Profits in Exporting" download.
STRATEGIC LINKSlinks
Partners
 
 
 
 
The Chamber is proud to be a partner of California STEP. The California State Trade and Export Promotion (California STEP) project combines a network of state, federal, private and non-profit trade promotion activities, serving targeted industries, to drive exports for small businesses.

The STEP program is funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

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