Chamber members receive
tools to access global opportunities and strengthen their businesses.
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eCert, the efficient way to process Certificates of Origin, saves you time and money.
The Chamber is proud to offer eCert technology as our standard to process Certificates of Origin. With eCert, exporters and freight forwarders now have a seamless and streamlined electronic solution providing real value in cost savings and efficiency gains. Get started today.
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Join the Chamber and JPMorgan Chase Bank, N.A. on July 19, 9-10:30 a.m. to hear expert speakers on the Eurozone sovereign debt issues, regulatory changes in China and how they may impact U.S. companies, the economic growth trends of Brazil, as well as foreign exchange (FX) risk management "best practices," and FX hedge accounting practices and strategies. Register now or contact Jasmin Sakai-Gonzalez, 213.580.7569.
Chamber thanks Kaylynn Kim for her service as a Port of L.A. Commissioner and welcomes Dr. Sohn to the Commission
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Earlier this month, Commissioner Kaylynn Kim's, Terra Imperium Capital Partners, LLC., term as commissioner for the Port of Los Angeles ended. In her six years on the Board of Harbor Commissioners, Chamber Board Member Kim, far left, with Commission President Cindy Miscikowski, has fostered a strong working relationship with the Chamber and helped deepen the Chamber's partnership with the Port of Los Angeles. Kim served as chair of the Chamber's Global Initiatives Council, vice-chair and chair of World Trade Week, and played a major role in the coordination of former Gov. Arnold Schwarzenegger's trade mission to South Korea last fall.
Dr. Sung Won Sohn, a renowned economist, was recently appointed to replace Kim. Sohn is the Smith Professor of Economics and Finance at California State University, Channel Islands. Named one of the five best economic forecasters in the country by the Wall Street Journal in 2010, Dr. Sohn also served as senior economist on the President's Council of Economic Advisors during the Nixon Administration where he was responsible for economic and legislative matters pertaining to the Federal Reserve and financial markets. The Chamber congratulates and welcomes Dr. Sohn to his new appointment.
Significant breakthrough on Korea Free Trade Agreement
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Announced by the Senate Finance Committee Chairman Max Baucus, the scheduled mock mark-ups of the U.S.-Korea Free Trade Agreement (FTA) promise to bring the United States closer to approval by Congress on one of the most important FTAs over the last several years. Followed by the pending trade agreements with Colombia and Panama, these agreements give hope to tens of thousands of American jobs, boost significant new export opportunities for U.S. manufacturers, farmers and services providers. If approved by Congress, the U.S.-Korea FTA will increase U.S. exports to Korea by around $10 billion - $11 billion due to reduction of tariff and non-tariff barrier to U.S. manufactured and agricultural goods, according to the U.S. International Trade Commission.
Since the competitive European Union-Korea FTA is set to take effect this week so that it doesn't fall behind the European competitors, members of the Senate Finance Committee are urged to support the U.S.-Korea FTA so that Congress can approve it before the August recess. Learn more or take action today.
Read more on the economic impact of the KORUS FTA, written by Chamber Global Economics Research Intern Kevin Bell.
Doing business in the United States and spurring job creation
President Obama recently reaffirmed the U.S. open investment policy, a commitment to treat all investors in a fair and equitable manner under the law. That same day the White House Council on Economic Affairs reported that foreign direct investment in the United States increased by 49 percent in 2010.
This was preceded by U.S. Commerce Secretary Gary Locke's announcement of SelectUSA, the first coordinated federal effort to aggressively pursue and win new business investment in the United States. Created by Executive Order, SelectUSA is housed at the U.S. Department of Commerce. It is designed to promote the United States as the premier place to do business globally and help to attract, retain and grow business operations in the U.S., spurring economic growth and job creation.
United States and Mexico Sign a Memorandum of Understanding on Long-Haul Cross Border Trucking
To resolve the dispute over cross-border trucking between the United States and Mexico, U.S. Transportation Secretary Ray LaHood and Mexican Secretary of Communication and Transportation Dionisio Arturo Pérez-Jácome Friscione signed a Memorandum of Understanding on Cross-Border Motor Trucking earlier this month. U.S. Trade Representative Ron Kirk announced on July 8, that Mexico is expected to reduce 50 percent of its retaliatory duties on goods exported from the United States. View the agreement.
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TRADE COMMISSIONERS CORNER |
Trade Commissioners Networking Group
Next Session:
Private Tour and Procurement Briefing at Jet Propulsion Laboratory (JPL), Pasadena
Register now or learn more about the group.
TCNG was established to provide the infrastructure and venue where foreign diplomats, including trade commissioners, can develop their own international trade strategies and programs as they perform their professional responsibilities. The Chamber is committed to working closely with countries who are actively promoting trade and economic opportunities. Contact Jasmin Sakai-Gonzalez, 213.580.7569
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Member Orientation, July 28
Have you recently joined the Chamber? Are you a seasoned member looking to maximize your membership? Join us at the Chamber's Member Orientation on Thursday, July 28, 4:30-6 p.m. to find out more about member benefits and services. Meet Chamber staff, volunteers and business leaders, and learn about Chamber programs, public policy councils, special events and sponsorship opportunities. Discover how your Chamber membership can work for you! Register now or contact Pat Clark, 213.580.7595.
For more information on Chamber events, visit lachamber.com/events.
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