Inside Global Trade: Chamber joins L.A. Mayor on trade mission to Korea

December 2014 - in this issue...


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Many countries now require a Certificate of Free Sale as assurance from a foreign agency that the products listed on the certificate are freely sold in the U.S.

As a service to its members and the greater busienss community, the L.A. Area Chamber issues Certificates of Free Sale for products legally sold in the U.S. With our quick, inexpensive and easy service, you'll be able to demonstrate your products are freely sold in the U.S. Get started today or contact Aaron Borboa for more information.

The Chamber is proud to offer eCertify technology as our standard to process Certificates of Origin. With eCertify, exporters and freight forwarders have a seamless and streamlined electronic solution providing real value in cost savings and efficiency gains. 
Read more on the process behind issuing Certificates of Origin. 

Ethiopia Investment Guide 

The Consulate General of the Federal Democratic Republic of Ethiopia is pleased to provide the latest Investment Guide to Ethiopia 2014.The Guide contains the most updated and the most comprehensive information about Investment Environment in Ethiopia. Read more or contact Esayas Gotta, 213.365.6651.

Bangladesh Hi Tech Park Opportunity 

The Consulate General of Bangladesh is pleased to announce that the Bangladesh Hi-Tech Park Authority is looking to appoint a Property Management Firm to manage and operate Jessore Software Technology Park in Jessore. Read more or contact Moniruzzaman Malek, 323.932.0100.


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Trade news from around the world
Once a month, the L.A. Area Chamber produces an email brief including trade news from around the world. The brief is a Global Trades Council exclusive email benefit that is later published online. Read more.

topChamber joins L.A. Mayor on trade mission to Korea
Late last month, Chamber members joined L.A. Mayor Eric Garcetti for a trade mission to China, Japan and Korea. The Chamber worked with Mayor Garcetti to coordinate business meetings in Korea. The photo above was taken in Seoul, Korea, where Mayor Garcetti was made an honorary citizen. Chamber members who traveled to Korea represented BBCN Bank, AC Martin Partners, Hanjin International Corporation, Los Angeles Clean Tech Incubator, Los Angeles Metropolitan Transportation Authority, Los Angeles World Airports and the Port of Los Angeles. Contact Carlos J. Valderrama, 213.580.7570. 
Chamber signs MOU during trade mission
During last month's trade mission to Korea, Chamber President & CEO Gary Toebben signed a Memorandum of Understanding with the AMCHAM Korea. Joining Toebben in Korea was Chamber Senior Vice President Carlos J. Valderrama. Contact Carlos J. Valderrama, 213.580.7570. 
Chamber attends luncheon with KITA
The Korean International Trade Association (KITA), one of the most prominent professional organizations in Korea, hosted Mayor Garcetti for a luncheon during his visit to Seoul. Nearly 300 Korean business executives attended the luncheon, along with Los Angeles civic leaders and trade delegates accompanying Mayor Garcetti. The Chamber and KITA maintain a Memorandum of Understanding since 2010. Contact Carlos J. Valderrama, 213.580.7570.
Ambassador Kounalakis visits the Chamber

In November, members of the Global Initiatives Council had an opportunity to hear from and speak with Ambassador Eleni Kounalakis, chair of the California International Trade and Investment Advisory Council. The discussion focused on the need for the trade community to strengthen its voice in support of the current trade agreements and Trade Promotion Authority renewal. "Trade is not a zero sum game - whether it is inbound or outbound, it becomes an investment for the State," noted Hon. Bernard Grice, consul general of New Zealand. In addition, Brian Peck, Global Initiatives Council co-chair and deputy director of the International Affairs and Business Development Governor's Office of Business & Economic Development (GO-Biz) provided a brief 2014 trade policy recap. Contact Jasmin Sakai-Gonzalez, 213.580.7569.

Welcome to our 2015 Global Initiatives Council Chair 

We are pleased to announce that Mandana Sadigh, senior vice president and treasurer of Mattel, Inc., will serve as chair of the Global Initiatives Council in 2015. Sadigh is responsible for all aspects of global treasury operations, capital and investment policy, global insurance and risk management and global real estate. The Council works to create employment opportunities throughout Southern California by increasing exports, imports and foreign investment for companies of all sizes, and for the communities in which they conduct business. 

A special thank you to our 2014 Global Initiatives Council Chair Francisco Uribe, The Home Depot, for his support and leadership the past two years. 


Learn more about the Council

Chamber helps move Port project forward

The Chamber successfully advocated for the the approval of the Final Environmental Impact Report (FEIR) for the Yusen Terminals, Inc. Container Terminal Improvements Project at the Los Angeles Harbor Board of Commissioners meeting on Friday, Nov. 7. The project would help maintain the economic competitiveness of the port by deepening berths to accommodate larger container ships, optimizing port land, providing additional on-dock rail and new cargo handling equipment. The project would also create 750 construction jobs and 2,000 permanent jobs. The FEIR is expected to be considered by the L.A. City Council in December. Contact Frank Lopez, 213.580.7573.


TCNG members hold strategic roundtable discussion
Members of the Chamber's Trade Commissioners Networking Group (TCNG) participated in a private roundtable to set top program priorities for 2015 and discuss potential areas of collaboration. "The Trade Commissioners Networking Group is a very good platform for us to connect with the local business community, enterprises, industries, and find potential cooperation sectors between China and Southern California," noted Guanbin Zhang, Commercial Consul of the Chinese Consulate in Los Angeles. The group has grown to include diplomats representing more than 30 countries in 2014.
Leadership Announcement
We are pleased to announce that Ms. Sachiko Yoshimura, chief executive director of the Japan External Trade Organization (JETRO), will serve as the 2015 TCNG chair. Yoshimura joined JETRO in April 1988 and has been working in departments like International trade fairs, overseas research and economic analysis supporting Japanese companies, especially small and median companies to expand their business overseas. 

Thank you to our 2013/14 TCNG Chair Mike Rosenfeld, UK Trade & Investment, for his support and leadership the past few years.
The Chamber established TCNG by providing the infrastructure and the venue needed where foreign trade diplomats could develop their own strategies and programs as they perform their professional responsibilities. Over the past three years, the membership of the group has grown from four initial members to over 30 countries. Learn more.


BBCN Bank opens new office in Korea
In late November, BBCN Bank held a reception to celebrate the opening of its newest office in Seoul, Korea and welcomed L.A. Mayor Eric Garcetti and his trade delegation. BBCN Bank is the largest Korean-American bank in the United States and has served as a financial bridge for Koreans globally for the past 28 years. Read more.
East West Bank opens branch in Shenzhen, China
East West Bank became the first L.A.-based bank to open full-service branch in Shenzhen, China last month. This presents an opportunity for American companies to partner with a trusted financial guide to navigate strategic fast-growth industries such as import and export, logistics, tech, cleantech, venture capital, private equity, film, entertainment and media, biopharmaceuticals, manufacturing, aviation and automotive. The opening was attended by L.A. Mayor Eric Garcetti and a trade delegation of business executives and city officials visiting China. The event was officiated by Chairman and CEO of East West Bancorp Dominic Ng. Read more.
To submit an event or for more information on any of the information in this newsletter, contact Jasmin Sakai-Gonzalez, 213.580.7569.
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.
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