Los Angeles Area Chamber of Commerce I May 2019
 
 
Chamber kicks off a month of world trade in Southern California
On May 2, the Chamber hosted its 93rd Annual World Trade Week (WTW) Kickoff Breakfast at the InterContinental Los Angeles Downtown Hotel. With more than 800 business leaders and members of the diplomatic corps in attendance, the event kicked off the largest WTW celebration of its kind in the country.

The morning's program featured a keynote address by Dr. Udo Lange, COO, FedEx Logistics, Inc. "I was honored to be the keynote speaker at the World Trade Week event," said Dr. Lange. "It was the ideal venue to discuss the changes taking place in the global economy and how they're affecting the logistics industry. As I shared during the keynote, at FedEx we address these changes by focusing on our customers' needs and helping them navigate the challenges of global trade."

The program also included an industry panel discussion on changes and trends in global trade. Panelists included Cindy Allen, VP, regulatory affairs and compliance, FedEx Logistics; Alan McCorkle, SVP, west coast operations, NYK Ports; Dr. Chris Thornberg, president and founder, Beacon Economics; and moderator Dr. Jonathan Woetzel, director, McKinsey Global Institute.

Dr. Jerrold D. Green, president and chief executive officer, Pacific Council of International Policy in Los Angeles, was awarded the Stanley T. Olafson Bronze Plaque Award for his outstanding contributions to the world trade community in Southern California.

This year's Export Achievement Award, given to companies in the five-county area who have demonstrated success in exporting or in providing export services, was awarded to DimEye Corp. and Frazier Aviation, Inc. California Steel Industries and Turkish Airlines were awarded the Foreign Direct Investment Award for their strong commitment to contributing to the future economic growth of the area. Lastly, the International Visitors Council of Los Angeles (IVCLA) was awarded the Bob Kleist Leadership Award for their inspirational and visionary leadership in the development of leaders in the global trade industry.

In addition, as part of World Trade Week's Education Initiative, a record-breaking 20 local college and high school students were awarded scholarships totaling $12,000.

The Chamber's annual Kickoff Breakfast jump starts more than 30 events hosted by partnering organizations celebrating world trade in Southern California. READ THE PRESS RELEASE.

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Chamber's World Trade Week initiative recognized by County Supervisor Kathryn Barger
This week, the L.A. Area Chamber was presented with a Certificate of Recognition by County Supervisor Kathryn Barger at the Board of Supervisor's meeting for its annual World Trade Week Southern California initiative and the program's dedication to promoting the positive aspects of international trade that are vital to a strong local and national economy for the past 93 years. The award was received by 2019 WTW Chair Vince Iacopella, executive vice president of growth & strategy, Alba Wheels Up International Inc.

WTW is observed with numerous events taking place in Southern California throughout the month of May. The celebration is kicked off by the Chamber's annual WTW Kickoff Breakfast, which supports college and high school scholarships, and promotes civic and business engagement by highlighting the positive aspects of international trade that are vital to the global economy. LEARN MORE.
 
LARExC invited to welcome Vietnamese ambassador
Carlos J. Valderrama, vice chair of the Los Angeles Regional Export Council (LARExC), joined L.A. Mayor Eric Garcetti at City Hall in welcoming the Honorable Ha Kim Ngoc, Vietnamese ambassador to the United States. Valderrama highlighted the working relationship between the Vietnamese Department of Trade Promotion (VIETRADE) and LARExC in promoting bilateral trade and investment. This strategic relationship was formalized by signing a Memorandum of Understanding (MOU) during the visit of Mayor Garcetti to Vietnam in July 2018. The mayor stressed the importance of deepening cooperation between the City of Los Angeles and Vietnam. In 2018, Vietnam ranked as the Los Angeles region's fourth largest trading partner with a total bilateral trade of more than $21 billion. LARExC is an affiliate program of the Los Angeles Area Chamber of Commerce.
upcoming
China-California Business Forum, June 5
Join the Chinese Consulate General in Los Angeles, the Los Angeles Regional Export Council (LARExC), the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) and the California Governor's Office of Business & Economic Development (GO-Biz), for a full-day conference on June 5 at the Millennium Biltmore Hotel in downtown Los Angeles. The program aims to promote and highlight California's strong trade and investment cooperation with participating Chinese provinces. The forum will be attended by nearly 150 Chinese top business executives and trade officials from nine different provinces and municipalities, namely Guangdong, Jiangsu, Shandong, Hebei, Hubei, Sichuan, Inner Mongolia, Shanghai and Chongqing.

The event will include plenary sessions on policy developments and trade and investment opportunities, breakout sessions on cleantech, advanced manufacturing, cross-border e-commerce and innovation cooperation, as well as one-on-one matchmaking opportunities. REGISTER* or LEARN MORE.

*Chamber members are eligible for a discounted rate of $150 with code LAACC.
 
Success in Today's Global Trade Landscape, June 18
Join the Chamber's Global Initiatives Council to hear from Ryan Patel, CNN contributor and senior fellow at the Drucker School of Management, as he sheds light on how businesses can not only sustain but thrive in a constantly changing and complicated global marketplace. During times of economic uncertainty, strong global business strategies to lower risk and mitigate the effects of regulatory changes resulting from unpredictable trade negotiations are more important than ever. In an era of unprecedented advances in technology, new market opportunities continue to arise as organizations gain the capability and know-how to leverage their positions and take advantage of new resources for innovative solutions. Despite the fluctuating political and economic climate, international trade volumes continue to expand as businesses prepare for the next wave of disruption while reaping the numerous benefits of global trade.

Ryan Patel, a global business executive, is widely regarded as a thought-leader in global business and an expert in scaling companies and brands. His deep knowledge in economies, innovation, strategy and consumer trends has made him an expert in growing publicly traded companies and startups, worldwide. He is a frequent CNN contributor and has been featured by CNN, BBC, Entrepreneur, WWD, Nasdaq and more. REGISTER NOW. FOLLOW THE CONVERSATION.
goodnews
Ports of Long Beach and Los Angeles break records in April
Cargo volumes handled in April at the Port of Long Beach eclipsed a record set 13 years ago. Dockworkers at marine terminals moved 628,121 twenty-foot equivalent units (TEUs) in April. The previous high was 619,512 TEUs in April 2006. "I commend our supply chain partners for their work in making April so successful," said Long Beach Board of Harbor Commissioners President Tracy Egoscue. "They're part of a vital link in the world economy. This trade gateway moves $1 billion in goods each day. Trade at the Port of Long Beach is connected to more than 576,000 jobs in Southern California and 2.6 million in the United States." Four months into 2019, the Port of Long Beach has handled more than 2.4 million TEUs, 3.1 percent off last year's pace. VIEW the latest monthly cargo numbers. READ MORE.

The Port of Los Angeles handled 736,466 TEUs in April, the busiest April in the port's 112-year history. The volumes reflect growth of 4.4 percent compared to last April and is 3 percent more than the previous April record in 2017. For the first four months of 2019, port volumes have increased 4.5 percent compared to the same period last year. "With three-plus years of record throughput, we are focused on partnering with our stakeholders to refine operations for even greater efficiencies," said Port of Los Angeles Executive Director Gene Seroka. "Despite heightened uncertainty in global trade, we continue to invest and prepare our infrastructure and services to provide the best value for our customers. VIEW current and historical data. READ MORE.
opportunity
Doing business with The Millennium Challenge Corporation
The Millenium Challenge Corporation (MCC) is an innovative and independent U.S. foreign assistance agency working to reduce global poverty through economic growth. Created in 2004 with strong bipartisan support, MCC has changed the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country ownership and results.

MCC forms partnerships with developing countries who are committed to good governance, economic freedom and investing in their citizens. MCC provides these well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth. MCC grants are designed to complement other U.S. and international development programs, as well as create an enabling environment for private sector investment.

Across Africa, Asia, Europe and Latin America, MCC invests in projects like power, clean water, land rights and roads. MCC opens the door for companies to work in new markets with fewer upfront risks -- a critical first step to building a long-term presence in the global marketplace.

To learn more about current opportunities and to view MCC's partner country business forecasts, visit their "Work with Us" page. All contracts are awarded based on fair and open international competition. Independent technical experts evaluate bids based on the best value. For more information, contact Julieanne Hennessy or Holly Vineyard.
IN THIS ISSUE
 
TRADE COMMUNITY EVENTSevents
 
Celebrate a month of world trade in May!

Every year the World Trade Week events calendar is populated with more than 30 trade-related events taking place throughout the month of May.

To view a full listing of upcoming events, visit the International Trade Calendar.
radar
U.S. Senate confirms three members for EXIM Board of Directors, restoring full financing capacity
 
 
The United States Senate confirmed three nominees of President Donald J. Trump as members of the Board of Directors of the Export-Import Bank of the United States (EXIM) last week.

The bipartisan votes restore the export credit agency to full financing capacity. The Senate's action re-establishes the quorum of three members on EXIM's Board of Directors that is needed for the bank to authorize transactions greater than $10 million.

"EXIM has nearly $40 billion worth of export deals in the pipeline that can move forward in support of hundreds of thousands of American jobs. With EXIM restored to full functionality, our exporters again have a fighting chance to win export sales on the fair basis of quality and price instead of on the availability of government-backed financing," said Amb. Jeffrey D. Gerrish, EXIM chairman and president (acting). LEARN MORE.
California tourism experiences ninth year of growth
 
 
Tourism is a huge economic driver in the state. The GDP of the California travel industry was $79 billion in 2018, which represents about 2.5 percent of the total GDP of the state. Direct travel-related spending in California totaled $140.6 billion in 2018, a 5.4 percent increase from the previous year. Direct travel-generated employment neared 1.2 million, a 1.7 percent increase over 2017. LEARN MORE.
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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.

L.A. Area Chamber | laareachamber@lachamber.com | http://www.lachamber.com
350 S. Bixel St.
Los Angeles, CA 90017