Los Angeles Area Chamber of Commerce I November 2017
Chamber signs key MOUs with Entities in Spain and Buenos Airestop
The Chamber signed two important Memorandums of Understanding (MOUs) with key trading partners in October. First, Francisco Garzon, Spanish Deputy Secretary of Commerce and Executive Officer of the Institute for Foreign Trade (ICEX), and Chamber President Gary Toebben signed a commercial and investment agreement, which was formalized after the opening ceremony of the Southern California-Spain Investment Summit held in Los Angeles. Thirty members of the Spanish business delegation were met by more than 200 regional business executives interested in exploring mutually beneficial business transactions. Spain is the L.A. region's 30th trading partner, with a total bilateral trade of $1.4 billion in 2016. Secondly, the Chamber and the Investment & Foreign Trade Agency of Buenos Aires City (InvestBA) formalized an agreement to provide the framework to develop mutually beneficial trade and investment programs aimed at strengthening the commercial relations between Buenos Aires and the LA region. Argentina is the L.A. region's 54th trading partner, with a total bilateral trade over $300 million in 2016.
Chamber hears from Deputy Mayor of International Affairs
Amb. Nina Hachigian, the newly appointed deputy mayor of International Affairs for the Office of Mayor Eric Garcetti, addressed members of the Chamber's Global Initiatives Council last month, where she shared an update on the City's current plans for strengthening its global reach. "L.A. has a present, a future and a truly exceptional global city path, more diverse than any other city and second to none," said Hachigian. Amb. Hachigian facilitated an open discussion to solicit ideas from participants about priorities for the future work of her office. SEE THE PHOTOS.
Chamber joins EXIM Bank Alliance
The Chamber is proud to be a member of the Export-Import Bank of the United States (EXIM) Alliance, a network of community, business and government entities that help educate the public about the EXIM mission and create opportunities and increase sales for export-ready U.S. businesses in new markets. Through the Alliance Program, EXIM also is helping to level the playing field by connecting organizations and their members with the tools needed to compete in the global marketplace. LEARN MORE.
Chamber director honored as "Global Trade Catalyst"
Jasmin Sakai-Gonzalez, director of programs for the Chamber's Center for Global Trade & Foreign Investment, will be awarded the 2017 Catalyst of the Year Award by Women in International Trade - Los Angeles (WIT-LA) at their Global Trade Awards Gala on Nov. 9. Sakai-Gonzalez is being recognized for her work in advancing global trade in the region through the Chamber's annual World Trade Week Kickoff Breakfast and her instrumental efforts in helping local businesses build international relationships for more than a decade. Additional leaders will be recognized at this event, highlighting exceptional professionals who have made unique contributions to the community and the international business world. To join the gala, RSVP NOW.
Port of Long Beach: Creating New Opportunities, Nov. 15
Join the Global Initiatives Council on Wednesday, Nov. 15, 9-10:30 a.m., for the last session of the year to receive an update from Executive Director Mario Cordero on the Port of Long Beach's performance in 2017, plans to expand exports, the Port's clean air program and plans for future construction projects. RSVP NOW.

Private E-Commerce Briefing, Nov. 16
Join us on Nov. 16, 10-11:30 a.m., at the L.A. Area Chamber to receive a private update on current trends in the e-commerce sector, including a market overview and best practices by Humphrey Ho, Managing Partner of Hylink USA, and Mark Matsumoto, CEO of California ETEC. REGISTER NOW.
Strategic Roundtable and VIP Holiday Reception, Dec. 4
Members of the Diplomatic & Commercial Officers Group are invited to the Annual Strategic Roundtable at the Omni Los Angeles Hotel, Downtown Los Angeles, on Monday, Dec. 4, 3:30-5:30 p.m. We will take this opportunity to set top program priorities for 2018 and receive your general feedback. We strongly encourage you to attend this last session of the year to ensure your programming priorities for 2018 are heard. Immediately following the session, we invite you to stay for the Chamber's Annual Holiday VIP Reception held at the Omni Hotel from 5:30-7 p.m. RSVP NOW.*

*We ask that you please limit attendance to two representatives from your office.
All programs noted above are restricted to Diplomatic & Commercial Officers Group members only.
Be a part of the largest celebration of trade in the nation
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 (WTW) is dedicated to educating the public about the positive impacts of international trade on the local and national economies. BECOME A SPONSOR!
World Trade Week business awards and scholarship nominations open
The L.A. Area Chamber and the World Trade Week (WTW) Committee are currently seeking nominations for a series of prestigious international trade awards that will be presented at the World Trade Week Kickoff Breakfast on May 4. Categories include Export Achievement, Foreign Direct Investment and the prestigious Stanley T. Olafson Award. LEARN MORE.
The WTW Education Committee is seeking applicants for student scholarships that are available to high school and college students. Please encourage potential candidates in your network to take advantage of these scholarship opportunities. LEARN MORE.
Growing Our Ports Is Essential for Greening Our Ports:
The Business Perspective by Gary Toebben, CEO & President of the Los Angeles Area Chamber of Commerce
Late last month, a joint meeting of the Port of Los Angeles and Port of Long Beach Harbor Commissions convened to consider updates to the Clean Air Action Plan (CAAP) that would require companies serving the ports to spend between $7-14 billion. This is the third iteration of a program that began more than a decade ago, when the original CAAP challenged the public and private sector to deliver on an ambitious set of goals to green and grow the ports at the same time. Companies rose to the challenge and developed technologies that have achieved tremendous emission reductions and have made the Ports a global model for green technology.
At the same time that we were greening our ports, we were losing market share to ports on the east and gulf coast of the U.S., and ports in Canada and Mexico. In 2017, our two ports finally returned to pre-recession cargo levels. As we take the next step with the CAAP, we cannot afford to go so far that we undermine our competitiveness and risk thousands of jobs. The Chamber is advocating for three principles as we update the CAAP:
  • Cost-effectiveness: Cargo handling equipment and trucks at the ports have successfully reduced diesel emissions 96 percent in the last decade, at a cost of about $2 billion. It is not economically feasible to spend three to five times that amount to achieve the last four percentage points.
  • Competitiveness: While 20 percent of the cargo that our ports handle is destined for Southern California and will always remain in the region, we need to retain our competitive edge to ensure that discretionary cargo doesn't go elsewhere. Maintaining competitiveness ensures the financial resources to invest more in environmental improvements.
  • Technology and fuel neutral: It should not be the role of port authorities to choose winners and losers when a variety of technologies are available to achieve the goals. The ports should purse a fuel neutral and technology neutral approach that seeks to improve standards, not limit possibilities.
The Ports of Los Angeles and Long Beach are to be commended for their major strides in reducing air pollution since the inception of the CAAP in 2006. Sulfur oxides, diesel particulate matter, nitrogen oxides and greenhouse gases were all reduced ahead of their 2014 goal and in two major source categories, the 2023 goals have already been achieved.
All stakeholders worked together the last 10 years because they know improving our air quality is imperative. In the new plan, striking an appropriate balance between emission reductions and costs will be essential. The current version of the CAAP does not strike that balance and would imperil many of the 900,000 jobs in Southern California that are part of the logistics industry. We must strike a better balance.
And that's The Business Perspective.
Seven Habits of Super Successful Small Business Exporters
Last year's Small Business Exporters Association's (SBEA) Export Survey revealed many takeaways for small business owners and the exporting environment they live in. But successful small business exporters have been able to set themselves apart by demonstrating certain habits that allow them to grow foreign sales at a fast rate. VIEW TIPS and LEARN HOW EXIM CAN HELP YOU grow your international sales through various trade financing solutions such as Export Credit Insurance.

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