Inside Global Trade: Chamber supports Mayor Garcetti's launch of the City of L.A.'s new export initiative

Los Angeles Area Chamber of Commerce I November 2016

Chamber supports Mayor Garcetti's launch of the City of L.A.'s new export initiative Mayor
Mayor Garcetti, in partnership with the Chamber and the Los Angeles Regional Export Council (LARExC), was joined by more than 180 manufacturers, exporters and service providers at the USC Galen Center last month, as he announced several new initiatives as part of his plan to boost exports from L.A. companies. These initiatives include increasing the size of his international trade team, developing a network of public and private service providers in the region to assist potential exporters and the announcement of new trade missions in 2017. Attending companies also heard from expert panelists on how exporting will improve their bottom line, and learned tools to strengthen their global market strategies. The Chamber and LARExC were invited to develop the agenda and invite speakers, recognizing their commitment to create employment through exports. SEE THE PHOTOS.
LARExC participates in Governor's Office Trade Mission to China

The Los Angeles Regional Export Council (LARExC) joined the Governor's Office of Business Development (GO-Biz), and the California Energy Commission for the California-China Clean Tech 26 member Trade Mission to China. This trade mission offered a unique opportunity for California firms to explore business opportunities with Chinese counterparts. LARExC, as the Southern California Secretariat of the Memorandum-of-Understanding (MOU) signed by Governor Brown with the Chinese Ministry of Commerce, represented the Counties of Riverside, San Bernardino and Orange in meetings with representatives of seven Chinese provinces. The Counties of Los Angeles and Ventura were represented by their respective economic development executives. The rapid urban development, economic and industrial growth in these Chinese provinces is creating business opportunities and challenges for government and business leaders interested in maintaining a sound balance of economic prosperity and environmental standards or responsibilities. The opportunities for companies in the L.A. region develop new business relationships in China are immense. READ MORE about these opportunities and ways to connect with the seven provinces.

LARExC continues to link all five counties commercially and industrially to seven of the most progressive provinces in China. LARExC's Foreign Direct Investment (FDI) initiative with the five counties was launched in 2015. LARExC is a program of the Chamber Foundation, a non-profit, non-partisan organization that links all five counties commercially and industrially to seven of the most progressive provinces in China. VIEW PHOTO GALLERY.
Chamber meets with Ambassador of Chile to the U.S.

H.E. Juan Gabriel Valdés, ambassador of Chile to the U.S., met with Chamber Board members and business executives yesterday to discuss bilateral opportunities between California and Chile and the potential implications of the Trans Pacific Partnership (TPP) and the Pacific Alliance (Chile, Peru, Mexico and Colombia). Attendees included Amb. Vilma Martinez, president of the Port of Los Angeles Board of Harbor Commissioners; Consul General Jorge Tagle, consulate general of Chile in Los Angeles; and Cameron Smith, counsel with Herbalife and current chair of the Chamber's Global Initiatives Council. The Chamber continues to strengthen commercial, cultural and educational ties with Chile.
Chamber initiative LARExC
co-hosts Beyond the Numbers

The Chamber's L.A. Regional Export Council (LARExC) joined Los Angeles World Airport (LAWA) and the Port of Los Angeles in hosting the "Beyond the Numbers" conference, which attracted over 150 regional executives interested in learning more about strategic trends in export and imports, air and sea cargo movement and emerging markets for products. Presentations were based on the 2016 Los Angeles Trade Numbers publication released at the May 3 World Trade Week Kickoff Breakfast and the LAWA Air Cargo Study. The program included a special panel discussion moderated by Amb. Mickey Kantor, featuring Executive Director of LAWA, Deborah Flint and Deputy Executive Director of the Port of L.A. Doane Liu. The Chamber and LARExC strive to provide current data to enhance business strategies in global markets.
Diplomats receive briefing on solar energy market growth
Members of the Chamber's Diplomat & Commercial Officers Group met with William Gould, chief technology officer for SolarReserve this week to gain an industry update on the general landscape and future foreseeable trends of the solar/renewable energy sector in Southern California, including energy storage options. "There is a revolution occurring in the energy industry; combustion will be replaced by Photovoltaic energy in our children's lifetime." The Chamber established the group to provide 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 five years, the membership of the group has grown from four initial countries to over 40 members. The Chamber has become a commercial bridge between our regional companies and many countries.
Upcoming & Announcements
Annual Strategic Roundtable Discussion, Dec. 5
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. 5, 3:30-5:30 p.m. We will take this opportunity to set top program priorities for 2017 and receive your general feedback. We will also be joined by special guest Deputy Mayor Raymond Chan, City of Los Angeles, who will provide a brief update on the City's international trade strategies. We strongly encourage you to attend this last session of the year to ensure your programming priorities for 2017 are heard.
Immediately following the session, we invite you to stay for the Chamber's Annual Holiday VIP Reception held at the Omni Hotel 5:30- 7 p.m. If you are able to join us, kindly RSVP HERE. We ask that you please limit attendance to two representatives from your office.

The Chamber would like to thank Amb. Juha P. Markkanen, consul general of Finland, for his service to L.A. for the past several years. Amb. Markkanen has accepted a new posting and we wish him the best of luck.
World Trade Week Business Awards and scholarship nominations open
The Los Angeles Area Chamber of Commerce 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 Thursday, May 4 at the Westin Bonaventure Hotel & Suites. Categories include Export Achievement, Foreign Direct Investment and the prestigious Stanley T. Olafson Award.
The WTW Education Committee is seeking applications 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.
WTW Education Program takes flight at Los Angeles World Airports

Students from Gardena High School and the International Trade Education Program (ITEP) made a visit to LAX in October to learn about careers in Global Trade and Aviation. As part of the WTW Education Program, the students visited the Korean Air Cargo facility and then stopped by the Flight Path Museum and Learning Center to learn about aviation career opportunities and the importance of Air Cargo at Los Angeles International Airport (LAX) from LAX Community Relations staff Ross Vitale and Jamie Gutierrez. WTW also participated as an exhibitor at the annual LAWA Day of Discovery event last week, a Community Aviation and Aerospace event designed to educate, inspire and explore. The Chamber's WTW program educates students on career pathways and opportunities in the global trade and logistics sectors.
Support the largest celebration of trade in the Nation

WTW is dedicated to educating the public about the positive impacts of international trade on the local and national economies. If you are interested in supporting WTW as a sponsor, your company will have the unique opportunity to integrate your marketing and charitable goals by supporting international trade educational programs and scholarships, while also gaining recognition throughout the year. Hear how WTW scholarships have impacted past student recipients. LEARN MORE.
Post Truth Politics and Open Global Trade
Excerpt from an Op-Ed by K.L. Wengrod, Co-Founder/ President of FTC Commercial Corp.
What is Post Truth Politics?

Post-truth politics, also called post-factual politics, is a political culture in which a debate is framed largely by appeals to emotion disconnected from the details of policy. It is carried out by the repeated assertion of talking points to which factual rebuttals are ignored. Sound familiar? This is not how we want to approach the Open Global Trade. We need to take a pragmatic and a less emotional view. 
As Americans, we need to understand the Open Global Trade - "That which is hateful to you, do not do to your fellow" by Hillel, an ancient philosopher. This is the cornerstone of the Trans-Pacific Partnership agreement. Although more than 70 percent of the world's purchasing power and nearly 95 percent of its consumers are located outside the United States, U.S. consumers still make up an extremely important segment of world trade and spending. If the U.S. initiates the increase of tariffs on certain imported goods, it would start a petty trade war, and even worse, other countries could retaliate and potentially go tit for tat. 
International commerce will continue to grow with or without the U.S.' involvement. If we want to maintain our leadership in the global economy and make sure our environmental, labor and intellectual property standards are up to the word's standards, we need to lead the way on international trade deals, and level the playing field. We must leave the rhetoric behind and find ways to expand and compete in the global open market, especially when the U.S. is changing from a manufacturer to an IP and service giant.
Urge Congress to PASS the Trans-Pacific Partnership in 2016!
Trade with TPP-region economies currently supports 1.7 million jobs in California, and this new deal will result in job growth as it helps build on the trade and investment relationships that support those jobs.
World Bank Presentation: Rethinking Global Value Chains, Nov. 16
Join the Global Initiatives Council for the last session of the year as we examine the economic impact of global value chains. Economic, technological and political shifts, as well as changing business strategies, have driven firms to unbundle production processes and disperse them across countries. Thanks to these changes, developing countries can now increase their participation in global value chains (GVCs) and thus become more competitive in agriculture, manufacturing and services. Hear from Daria Taglioni, lead trade economist and the global solutions lead on global value chains of the World Bank, via video conference, as she shows why GVCs require fresh thinking and to discuss a framework to guide policymakers in identifying the key objectives of GVC participation and how to select suitable economic strategies to achieve them. A brief policy recap will also be provided by Brian Peck, deputy director of International Affairs and Business Development at the Governor's Office of Business & Economic Development (GO-Biz). REGISTER NOW or contact Jasmin Sakai-Gonzalez for more information.


Destination Africa | Nov. 11-12
ExporTech | Nov. 15
ExportTech | Dec. 13
Mobile World Congress | Feb. 27-March 2