Los Angeles Area Chamber of Commerce I February 2017

Chamber visits Turkey for MOU signingmou
In early January, Carlos Valderrama, president of the Chamber's Center for Global Trade and Foreign Investment, signed a Memorandum of Understanding (MOU) on behalf of the Chamber with the Istanbul Chamber of Commerce, one of the largest in the world. Additional meetings were held with representatives of Turkey's Ministry of Economy, the Istanbul Textile and Apparel Exports Association, the Istanbul Chamber of Industry, the Turkey-American Business Council, the U.S. Chamber of Commerce (Istanbul Regional Office), AmCham Turkey and the Turkish Association of Tourism Agencies. Turkey is the region's 41st trading partner with almost $800 million in total bilateral trade. The Chamber continues to serve as a bridge connecting the L.A. region with key world markets.
2016 Highlights
The Chamber's Center for Global Trade & Foreign Investment would like to express sincere appreciation to our many regional partners and members who supported and participated in our initiatives last year. 

Take a look back at what we achieved in 2016. It was a successful year, but there is still a long way to go. We look forward to another year of accomplishments and progress as we expand our collaboration on the common issues affecting us all as stakeholders and community members. We will continue to work together to find solutions to keep our ports and our global industry strong, competitive and growing.

Chamber joins Los Angeles World Affairs Council in honoring Los Angeles Consular Corps

The Chamber co-sponsored a reception at the Getty Center to honor distinguished members of the Los Angeles Consular Corps. During this gala event, members of the diplomatic corps and their guests were congratulated on their direct contribution to making L.A. a global city. This annual event was organized by the Los Angeles World Affairs Council with the participation of the Chamber and the Los Angeles Tourism & Convention Board. The Chamber serves as a key link to connecting the Los Angeles Consular Corps to our regional trade and investment economy.
Save the Date: 91st Annual World Trade Week Kickoff Celebration, May 4
Join more than 800 business executives, members of the diplomatic corps and elected officials from all over Southern California on May 4 for one of the biggest celebrations of international trade in the nation. For 91 years, World Trade Week (WTW) has been dedicated to educating the public on the importance of global trade and its contribution to our local, state and national economy. Corporate tables are available to host your clients. RSVP now.

Under the guidance of its founding sponsors, the Los Angeles Area Chamber of Commerce, Los Angeles World Airports, the Port of Los Angeles and the Port of Long Beach, the original week-long observance has now grown to more than 30 events held each year throughout the month of May in the counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura. Learn more.
WTW Business Awards and Scholarship nominations open
The Los Angeles Area Chamber of Commerce and the World Trade Week Committee are 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!
Showcase your company at the largest celebration of trade in the nation

WTW sponsors have the unique opportunity to integrate 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.
WTW Education Program focuses on cultural awareness

The WTW Education Committee, in partnership with the Port of Los Angeles, hosted their annual student program at Banning's Landing this week. Nearly 80 high school students from Southern California participated in hands-on activities to learn about the important role cultural awareness plays when conducting international business, along with the various career opportunities in international trade. Key universities and colleges providing international career programs participated as exhibitors and briefed students on selecting a career in trade. The Chamber's World Trade Week program strives to educate students on career pathways and opportunities in the global trade and logistics sectors. PHOTO GALLERY.
New Year, New President, New Trade Agenda? Feb. 15
Join the Global Initiatives Council for the first session of the new year to hear from John Murphy, senior vice president of International Policy at the U.S. Chamber of Commerce. Murphy will provide an overview of the U.S. Chamber's trade policy recommendations under the new administration and what to expect of the new president and Congress. He will review the economic and trade outlook for the world economy and the business community's priorities. The council will also welcome 2017 Chair Lisa Greer Quateman, principal, Polsinelli LLP. REGISTER NOW.
2017 Latin American Business Conference: Latin America From Uncertainty to Opportunity, March 3
In partnership with the Chamber, UCLA Anderson invites you to join the 2017 Latin American Business Conference, which will gather prominent influential leaders from both the private and public sector to address the opportunities and concerns of the region. They will share their experiences, insights and forecasts on the economic and social trends and main issues, as well as the business and investment opportunities for Latin America and its important and influential role in the global economy. Latin America continues its social transformation, improving infrastructure, developing human capital and fostering economic conditions to bridge the gap between uncertainty and opportunity, shaping a brighter future for its people, business and trading partners. LEARN MORE.
Exploring Dubai - The Next Business Frontier, March 13
Join the Dubai Investment Development Agency, and Dubai FDI to learn about the innovation driven economy of Dubai. Topics will include: an overview of the top 10 major innovation pillars of Dubai; Dubai as a platform to enhance business growth in the region; Dubai's investment climate and leading sectors for U.S. export and investment; and how to use international diversification and partnerships to grow your company and increase your exports. REGISTER NOW.
Mayor Garcetti and Los Angeles Tourism & Convention Board announce record visitors in 2016
Los Angeles Mayor Eric Garcetti and Los Angeles Tourism & Convention Board President & CEO Ernest Wooden Jr. announced that L.A. welcomed 47.3 million visitors in 2016, surpassing mid-year forecasts and breaking visitation records for the sixth consecutive year. The new record is 1.7 million visitors higher than 2015's total, an increase of 3.8 percent from the previous year. LEARN MORE.
Los Angeles trade is up
L.A.'s trade with the world is up, or in the black, albeit at a slight 0.35 percent, according to 2016 U.S. Census data analyzed by WorldCity. In a year when trade was down across the board--for the nation as a whole, at most customs districts, at most airports and seaports, with most countries and with many of the nation's leading exports and imports--it's worth bragging about. L.A.'s exports increased 2.93 percent while imports fell 0.7 percent. L.A.'s deficit was $147.58 billion.

Los Angeles, a customs district led by the Port of Los Angeles, the Port of Long Beach and Los Angeles World Airports, was in the red for the first 10 months of 2016. Access 2016 trade numbers for the region and the U.S. by connecting with WorldCity's U.S. Trade Numbers. In addition, you can download a free copy of the 2016 Los Angeles TradeNumbers publication.
Inland Empire Job Growth: Strengths & Vulnerabilities
There is little disagreement that U.S. economic policies are entering a new era. The policy changes that will emanate from Washington D.C. will likely have a marginal impact on economic performance in 2017 given the time it takes for them to pass and go into effect. It is in 2018 that the major effects will likely be felt. For the Inland Empire, the question is the extent that potential changes will make the area's economy stronger or more vulnerable starting in 2018.
Read more from Dr. John Husing.

Mobile World Congress | Feb. 27-March 2
Sell to the Middle East | March 28- April 1
SEMA Middle East Trade Show | March 28-April 1