Los Angeles Area Chamber of Commerce I July 2018

Chamber reviews Made in China 2025 initiativetop
Members of the Global Initiatives Council heard from Brian Peck, director of the Transnational Law and Business Center at USC Gould School of Law, last month as he shared an overview of China's strategic plan to transform its economic model into a high-tech powerhouse by 2025. Peck noted the concern that some U.S. businesses and elected officials have about the plan, including IPR and technology ownership risks, coupled with investment restrictions. He also noted the opportunities for California companies as China concentrates on developing five of California's top industries. Peck emphasized that successfully navigating business with any foreign entity requires thorough due diligence and mitigating risks.
Chamber participates in Asia-Pacific Economic Cooperation (APEC) research study to support small business
Carlos J. Valderrama participated in a recent interview with USC for the APEC Business Advisory Council (ABAC). The study aims to formulate an APEC-business perspective on how to encourage the growth of micro, small and medium enterprises (MSMEs) and their engagement in cross-border commerce. Valderrama shared key challenges faced by Southern California MSMEs and the effectiveness of the programs and policies implemented to address these challenges. The study will aim to provide policy makers practical recommendations to increase MSME participation in global trade and the digital economy. Research team members are conducting in-person and virtual interviews in the 21 APEC economies (Australia, New Zealand, China, Japan, Philippines, Chile, Peru, Malaysia, Singapore, Thailand, Indonesia, Vietnam, Hong Kong, Korea, Chinese Taipei, U.S., Canada and Mexico), interviewing key stakeholders including MSMEs, business executives, trade associations, thought leaders, advocacy groups, development banks and policy makers, and government officials. The findings and recommendations of the research project will be presented at the APEC IV meeting in Port Moresby, Papua New Guinea, in November 2018.
Chamber meets with Polish Regional Investment Agency
Representatives from Invest in Pomerania, the regional public agency created to promote the Pomorskie region in Poland, met with Carlos J. Valderrama in late June to discuss foreign investment and opportunities for Polish companies in California.

Pomerania has the status of the so-called "gateway region" in Europe and, therefore, plays a significant role in the development of the Baltic-Adriatic transport corridor. It contains two key seaports in Gdynia and Gdansk, which are of critical importance to the national economy, operating global oceanic as well as European shipping lines. Poland is Los Angeles' 49th trading partner, with more than $400 million in bilateral trade in 2017.
How To Identify And Compete Effectively For World Bank-Financed Contracts: A Conversation On the New Procurement Framework, Aug. 15
Join the Global Initiatives Council to hear from Enzo de Laurentiis, chief procurement officer in the Operations Policy & Country Services Vice-Presidency of the World Bank, as he sheds light on the bank's efforts in reaching out to markets to ensure that there is broad awareness of the significant improvements in its procurement approach and the new business opportunities available.

Erik Bethel, newly appointed alternate U.S. executive director for the World Bank Group, will provide welcome remarks. RSVP NOW.
China Import and Export Fair 2018 - A Business Opportunity for Southern California companies, Aug. 23
The Chamber, in partnership with China Foreign Trade Centre (Group), invites you to learn about the many opportunities available at the 2018 China Import and Export Fair, also known as the Canton Fair, in Guangzhou, China, taking place from Oct. 15 to Nov. 4, 2018. The Fair is an opportunity for Southern California companies to source or exhibit products.

The 124th Canton Fair is China's premier trade event and is focused on the international market. It is co-hosted by the Ministry of Commerce of the PRC and the People's Government of Guangdong Province, and is organized by the China Foreign Trade Centre. The Fair will exhibit more than 150,000 categories of products, both from China and overseas, and approximately 24,000 enterprises will participate in each session held at the China Import and Export Fair Complex.

Ken Zhang of the International Communication Department with the China Foreign Trade Centre will be speaking by video conference from Guangzhou, and will provide the latest details about the Fair and the benefits for businesses that participate.

Local speakers will address effective approaches to product sourcing and/or attracting buyers and recent trade developments between Southern California and China. RSVP NOW.
Private Briefing with the City of Los Angeles, July 18
Members are invited to join us on Wednesday, July 18, 10-11:30 a.m., at the L.A. Area Chamber to meet with Amb. Nina Hachigian, deputy mayor of international affairs, and other key officials from the Office of Mayor Eric Garcetti to learn about:
  • Process overviews and key contacts for incoming FDI into Los Angeles, including how to establish a business, securing real estate, etc.
  • Bid opportunities for the upcoming Olympics.
  • General international trade strategy updates.
Additional speakers will include Erin Bromaghim, director of Olympic and Paralympic development, and Felipe Cusnir, director of international trade and investment. RSVP NOW.
For members of the Diplomatic & Commercial Officers Group only.
Chamber congratulates German Consulate on the inauguration of the Thomas Mann House
In late June, the Chamber was pleased to participate in the inauguration of the Thomas Mann House, a residence for scholars, in the presence of the president of the Federal Republic of Germany, Frank-Walter Steinmeier. For years, the Hon. Hans Jörg Neumann, consul general of Germany, has worked closely with local entities and the German government to save and renovate the residence, which was purchased for $13.25 million in 2016. Consul General Neumann served as the chair of the Chamber's Diplomatic & Commercial Officers Group in 2017. The house will foster intellectual and cultural exchanges between Germany and the United States, and offer the opportunity for leading thinkers who are living or have lived in Germany to explore issues of contemporary importance, to generate fresh thought and to deepen American-German relations.
Chamber joins 270 groups representing a majority of the U.S. business and agriculture community to call on Congress to stop the wave of tariffs
The L.A. Area Chamber joined more than 270 business and agriculture groups to send a letter to the Senate supporting a bill to require congressional approval for Sec. 232 tariffs. The legislation would require Congress to approve or reject any new tariffs the president imposes based on national security concerns.
"The U.S. business and agriculture communities are deeply concerned that the President's unrestricted use of section 232 to impose tariffs may not be in the national interest," the letter states. "It is now also increasingly clear that the way the steel and aluminum tariffs have been used will result in retaliatory tariffs from our largest trading partners and closest allies, and that retaliation will have serious negative economic impacts on the United States." READ THE LETTER.
Tariffs won't work for California
Per the U.S. Chamber of Commerce, the administration's new tariffs threaten to spark a global trade war. Canada, Mexico, the EU and China have already retaliated or announced plans to retaliate with billions of dollars in tariffs on American-made products. Retaliatory tariffs imposed by other countries on U.S. exports will make American-made goods more expensive, resulting in lost sales and ultimately lost jobs here at home. This is the wrong approach, and it threatens to derail the nation's recent economic resurgence. Nearly 5 million California jobs are supported by global trade and more than $5 billion in the State's exports will be threatened by new tariffs. LEARN MORE.
Metro and L.A. County partner on Transportation School to create the next generation of workers
Last month, Metro, in partnership with the County of Los Angeles, announced the kick-off of their Transportation School, which will prepare Los Angeles County youth for career and college pathways in the global transportation industry. The school's curriculum will be developed to teach students transferrable STEAM industry skills focused on science, technology, engineering arts and math.

The school is the centerpiece of a larger Workforce Development Initiative that Metro has created to address the transportation industry's need for a skilled workforce. This educational and vocational program expands Metro's existing career pathway programs to include more high-school age youth, including those at-risk from underserved communities. Eventually, Metro will expand the program to reach youth across L.A. County. LEARN MORE.

2018 Taiwan-U.S. Business Day, Oct. 4
Taiwan is the United States' 11th largest trading partner, while the U.S. is Taiwan's 2nd largest. With the aim of augmenting Taiwan-U.S. bilateral business cooperation, both the Ministry of Economic Affairs (MOEA) and TAITRA are co-hosting "U.S. Business Day" in Taipei. The one-on-one business meetings facilitated by TAITRA will serve to help U.S. businesses tap into Taiwan's global supply chain, and vice versa. The event will reimburse qualified buyers and sellers for travel expenses incurred during their visit.

VIEW MORE information or contact the local Taipei Economic and Cultural Office (TECO) in Los Angeles - Pauline at 213.380.3644 x103.

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