Los Angeles Area Chamber of Commerce I July 2019
 
 
Ryan Patel addresses the Global Initiatives Council
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Ryan Patel, fellow with the Drucker School of Management at Claremont Graduate University and frequent CNN, BBC and Nasdaq contributor, addressed members of the Chamber's Global Initiatives Council as he shared insights into how companies can prepare for the next wave of global trade disruption while reaping the numerous benefits of trade in a fluctuating political and economic climate. Patel noted that companies need to have a strong understanding of the key differences between domestic and global commercial strategies and have leadership in place that will operate with transparency and is well-versed in international business plans. Follow Patel @RyanPatelGlobal. See the PHOTOS and VIDEO.
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Message from Chamber President & CEO Maria S. Salinas:
Carlos Valderrama has submitted his resignation as president of the Los Angeles Area Chamber of Commerce's Center for Global Trade & Foreign Investment, and will be leaving the Chamber to pursue other interests, effective Aug. 30, 2019.
 
Valderrama has led the Chamber's efforts to develop and implement programs that advance global trade and investment in the L.A. region for 11 years. A leader here in L.A., throughout the country and across the world, Valderrama has done a tremendous job representing the Chamber in the regional business community and global markets.
 
Under Valderrama's leadership, the Chamber's position as a thought leader, influencer and convener in the international trade arena has grown significantly. We commend him on his accomplishments and thank him for his tireless commitment to this Chamber and the entire five-county region. The Chamber thanks him for his years of service in continuing to propel L.A.'s global reach through export promotion, foreign direct investment and international relationships.
upcoming
China Import and Export Fair Briefing, Aug. 21
The Chamber, in partnership with China Foreign Trade Centre (Group), invites you to learn about the many opportunities available at the 2019 China Import and Export Fair, also known as the Canton Fair, in Guangzhou, China, taking place from Oct. 15 to Nov. 4, 2019. The fair is an opportunity for Southern California companies to source or exhibit products. All businesses are invited, in particular the beauty and cosmetics, fashion and design industries.
 
The 126th 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 People's Republic of China 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.
 
Local speakers will address effective approaches to product sourcing and/or attracting buyers and recent trade developments between Southern California and China. REGISTER NOW.
 
The Canton Fair International Pavilion attracts about 20 national delegations each session from various countries such as Germany, Estonia, Japan, South Korea, Malaysia, Egypt and India. World famous brands, including industry giant Honeywell and Caterpillar, are among those in attendance. Click here for the chance to exhibit and to find out more about this exciting opportunity.
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Upcoming: Southern California Bioscience Briefing, July 23
Members of the Chamber's Diplomatic & Commercial Officers Group are invited to a private briefing on the Southern California bioscience sector on July 23, 9-11 a.m. In partnership with the Los Angeles Biomedical Research Institute (L.A. BioMed), the session will include an expert overview of bioscience hubs in the region, growth prospects/trends and opportunities for international collaboration, as well as a panel discussion with executives from key pharmaceutical companies. The briefing will take place on the Grifols campus, a leading global health care company in L.A. RSVP.*
 
*FOR MEMBERS OF THE DIPLOMATIC & COMMERCIAL OFFICERS GROUP ONLY
 
The Diplomatic & Commercial Officers Group provides the infrastructure and venue where members of the consul corp. and trade offices can develop their own trade strategies and programs as they perform their professional responsibilities. To date, more than 40 countries are represented in the initiative.
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Long Beach earns top seaport honors
The Port of Long Beach was named the "Best West Coast Seaport" in North America at the 33rd annual Asian Freight, Logistics and Supply Chain Awards, hosted recently in Hong Kong by shipping trade publication Asia Cargo News.

Each year, Asia Cargo News honors logistics industry leaders for demonstrating leadership as well as consistency in service quality, innovation, customer-relationship management and reliability. The awards are judged by importers, exporters and logistics and supply chain professionals.

"We've invested $4 billion in modernization projects over the last 10 years, in a program designed to provide our supply chain partners with the services and facilities they need to move their goods rapidly and efficiently," said Long Beach Harbor Commission President Tracy Egoscue. "It's great to see customers satisfied, and we would like to thank Asia Cargo News for the award."

"Our business is focused on Asia, so this is a special honor," said Port of Long Beach Executive Director Mario Cordero. "We'll continue our focus on ensuring the Port remains the premier gateway for trans-Pacific trade."

The Port earned Asia Cargo News' "Best Green Seaport" award last year.

The Port of Long Beach is one of the world's premier seaports, a gateway for trans-­Pacific trade and a trailblazer in goods movement and environmental stewardship. With 175 shipping lines connecting Long Beach to 217 seaports, the Port handles $200 billion in trade annually, supporting hundreds of thousands of Southern California jobs. READ MORE.
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Think Asia, Think Hong Kong Conference
The Hong Kong Trade Development Council (HKTDC) will lead a business delegation comprising more than 100 CEOs, investors, innovators, designers and startups together with trade and investment institutions to L.A. this fall. In celebration of the visiting delegation, HKTDC will host a full-day symposium themed "Think Asia, Think Hong Kong" at the JW Marriott at L.A. Live on Sept. 20. Chamber members are invited to REGISTER NOW for complimentary admission. Learn about new business opportunities in Asia through Hong Kong, and gain insights into practical tips of doing business in Asia amid the ever-changing global trade dynamics. Set to be this year's largest conference on Asia in L.A., the event is expected to draw more than 2,000 attendees and the full-day program will examine the trends of Asia's new economy, innovation and creativity, consumption and digital entertainment, health care opportunities and IP protection. A complimentary networking luncheon and free consultation on cross-border professional services will be available. HKTDC will arrange customized business matching for U.S. companies interested in fundraising, fintech, food and foodtech export partnership, Asia expansion, startup collaboration, design and innovation and many others. Contact askme@thinkasiathinkhk.com for any questions.
 
IN THIS ISSUE
 
TRADE COMMUNITY EVENTSevents

radar
L.A. trade numbers
 
 
At the start of this century, in the year 2000, L.A. did something no other U.S. Customs District had ever done. It topped $200 billion in annual trade for the first time. The total was $229.78 billion. That was an increase of 16.63 percent over the last year of the previous century, 1999. What's next for the customs district that has led the nation in trade 23 times in the last quarter century, including in 2018? What might factor into how L.A. trade does over the next two years? READ MORE.

World Bank Group - MIGA
 
 
The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group. Their mandate is to promote cross-border investment in developing countries by providing political risk insurance guarantees to investors and lenders.
 
MIGA protects investments against noncommercial risks and can help investors obtain access to funding sources with improved financial terms and conditions. The agency derives its unique strength from the World Bank Group and from its structure as an international organization whose shareholders include most countries of the world. This enables them to provide an umbrella of deterrence against government actions that could disrupt projects, and assist in the resolution of disputes between investors and governments. MIGA also adds value through their ability to offer clients extensive knowledge of emerging markets and of international best practice in environmental and social management.

Over the last three decades, MIGA has directly supported more than $52 billion in investments in 111 developing countries. To learn more, visit miga.org or contact Rouzbeh Ashayeri.

U.S.-China trade relations update
 

 
Yahoo Finance's Adam Shapiro, Brian Sozzi, Kristin Myers and Rick Newman recently spoke with Vincent Iacopella, executive vice president of growth and strategy at Alba Wheels Up International and chair of World Trade Week 2019, about trade and tariffs. SEE THE VIDEO.
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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.

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