Global Initiatives Council
The Global Initiatives Council works to develop programs and events to promote global trade and investment to create regional employment.
- Earnestly continue the Trans-Atlantic Trade and Investment Partnership (TTIP) Agreement negotiations with the European Union with the objective to successfully conclude a mutually acceptable agreement as soon as possible.
- Support and play a leading role in the negotiations for the World Trade Organization (WTO) International Service Agreement that will expand market access for our service sectors.
- Support and conclude negotiations for the WTO Information Technology Agreement to increase the scope of duty-free IT products.
- Successfully reach agreement on bilateral investment treaties with China and India.
- Support the full implementation of current free trade agreements and ensure the effective monitoring and enforcement of our trading partners’ obligations.
An Update on California's International Trade Agenda
Friday, Aug. 25
9 - 10:30 a.m.
RECAP OF LAST MEETING:
Regional Impact of the Renegotiation of the North American Free Trade Agreement (NAFTA)
Wednesday, June 21
The Chamber's Global Initiatives Council convened in late June to hear from Joel Backaler, managing director of global marketing at Frontier Strategy Group. Backaler provided an overview of the potential outcomes of the North American Free Trade Agreement (NAFTA) renegotiation initiated by the United States. The presentation and the Q&A session generated diverse comments regarding the future of NAFTA. These different opinions were acknowledging that the NAFTA partners are going into a trilateral negotiation, but that some matters and cases bilateral arrangements or accords could also be an important part of the overall renegotiation. The overall consensus was that the USA, Canada and Mexico are most interested in a final agreement that will benefit the North American continent. SEE THE PHOTOS.
TENTATIVE 2017 DATES
This council meets most third Wednesdays of the month, 9 - 10:30 a.m. Meetings will take place at the L.A. Area Chamber.
2017 MEETING INFORMATION
|Feb. 15: New Year, New President, New Trade Agenda?
|March 15: California, the Pacific Rim and Trade in the New Administration
|June 21: Regional Impact of the Renegotiation of the North American Free Trade Agreement (NAFTA)
Agenda & Presentation
>> See the Global Initiatives Council Archive
Free & Fair Trade
The L.A. Area Chamber has actively supported and advocated for the passage of previous Free Trade Agreements, with the belief that trade is not the problem but part of the solution. The Chamber is committed to collaborating with partnering organizations to effectively work together to support the enforcement of trade agreements, protection of intellectual property and promotion of direct foreign investment and constructive dialogue.
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TRADE INTELLIGENCE BRIEF
Once a month, the L.A. Area Chamber produces a brief that includes trade news from around the world. The brief is a Global Initiatives Council exclusive email that is later available online.
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Access to key information and resources is one of the tools that the Council strives to provide its members. Under the leadership of Dr. Anatoly Zhuplev, professor at Loyola Marymount University and Council Co-chair, a team of LMU students are compiling research for pertinent topics. Below are some of the research papers:
This paper explores the role of trade in California’s growth and development. An assessment is conducted of the state’s government trade programs and their ability enhance California’s competitiveness in the global market. The State’s trade infrastructure remains competitive in the global market, and international trade is still very much an integral component of the economy. However, California is experiencing a decline in its appeal as a trade partner, largely due to the absence of a centralized government agency to promote foreign trade. The lack of government representation for business interests in California is producing a commercial climate that is becoming increasingly antagonistic to foreign trade. Consequently, Sacramento must observe and adopt other state’s examples of trade-supporting agencies. Lastly, the state government must reform its corporate tax code if it wishes to remain competitive in the country and world.
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This paper is a survey of both foreign and domestic programs, policies, and strategies whose purposes are to stimulate trade, create business-friendly climates, and find a set of best practices. Asian countries, such as Japan and South Korea, have agencies that offer consultation to facilitate trade for their countries’ products, provide opportunities for investment, and offer business matching making services. Within the United States, President Obama’s National Export Initiative strives to get SMEs to export, expand into other markets, and provide trade financing. Other state governments have their own trade initiatives to aid in economic development for important industries within their state. California’s trade initiative programs are not as effective compared to these others. Sacramento can adopt practices from these other programs by developing: trade offices, economic zones, export councils, and industry cluster databases.
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The following white papers were compiled by Kevin Bell, Research Intern, Global Economics, sponsored by Venture Strategies Innovations:
Brazil is under great pressure to modernize and upgrade its infrastructure in time for the World Cup and Olympics. In addition, if Brazil is to maintain its economic growth it must invest in its ports, rail system, and roads which are in poor conditions. Brazil cannot compete effectively in international trade if these problems are not fixed. In the medium-term, Brazil will move from a developing nation to a developed one. However, much of its population still lacks access to clean water and sewage. California businesses can help Brazil answer these obstacles due to its experience solving these issues. Brazil provides a great investment opportunities in the short and medium-terms. Californian businesses are better off entering the Brazilian market in a joint venture in order to help it navigate the complex regulatory and tax systems. Read more
To read more of Kevin's work, including white papers on intellectual property rights, trans-pacific partnership, and the implications of the KORUS FTA, please visit our advocacy page.