Denmark
Is Rethinking Its Spurning of the Euro Affected by the financial crisis, Denmark,
a member of the European Union that has so far refused to
abandon its currency for the euro, is finding out how
difficult it can be to go it alone. New York Times, October 28, 2008
Iceland
raises interest rates to 18 percent Iceland raised interest rates by 6 percentage
points to 18 percent on Tuesday, taking the opposite tack to
most countries fighting a global financial crisis which the
Bank of England said could cost $2.8 trillion, or £1.78
trillion. International Herald
Tribune, October 28, 2008
Taiwanese
Businesses Welcome China Envoy Visit Taiwanese business leaders expressed support
Tuesday for an upcoming visit by a top China envoy, saying it
could lead Chinese banks to inject needed funds into the
island and bolster its flagging economy. BusinessWeek, October 28, 2008
CalChamber Companies in the
News
"CalChamber Companies in
the News" is a new regular feature in the CalChamber's Trade
Update newsletter, highlighting the international activities
of member companies who have been featured in the news. If you
have an article that you would like to be featured in this new
section, please send it to Abby Browning
(abby.browning@calchamber.com).
HR
7063 (Sanchez) US and the World Education Act Raises achievement in international education
in elementary schools and secondary schools through grants to
improve teacher competency and to support programs in
international education that supplement core curricula in such
schools, and for other purposes. STATUS: Committee
on Education and Labor
Free Trade
Agreements
California
Coalition For Free Trade The
CalChamber Council for International Trade (CIT) is urging
members of the business community to join (click
here to download membership form) its coalition working to
secure congressional approval of the free trade agreements
(FTAs) with Colombia, Panama and South Korea. Companies or
associations that join the California Coalition for Free Trade
will be included on the rapidly growing list of FTA
supporters. There is no cost to join the coalition, which will
keep members apprised of its activities and how to be
supportive of the FTAs. For more information on the FTAs or to
join the coalition, visit www.calchamber.com/international
U.S.-Colombian
Trade Promotion Agreement A bilateral TPA that
will lower tariffs and foster increased trade between both
countries. This agreement is a critical element of a possible
U.S.-Andean Free Trade Agreement and of the U.S. strategy to
liberalize trade through bilateral, regional and multilateral
initiatives. CalChamber position: Support Status:
Pending Congressional Action Click
here for Additional Information
U.S.-Panama
Free Trade Agreement A bilateral FTA that will
lower tariffs and foster increased trade between both
countries. A U.S.-Panama Free Trade Agreement is a critical
element of the U.S. strategy to liberalize trade through
multilateral, regional and bilateral initiatives. The
agreement will also increase momentum toward lowering trade
barriers and set a positive example for other small economies
in the Western Hemisphere. CalChamber position: Support
Status: Pending Congressional Action Click here for additional
information
U.S.-Korea Free Trade
Agreement A bilateral FTA which will lower tariffs
and foster increased trade between both countries and is a
critical element of the U.S. strategy to liberalize trade
through multilateral, regional and bilateral initiatives.
CalChamber position: Support Status: Pending
Congressional Action Click here for additional
information
CalChamber
Announces Positions on November Ballot
Measures During its
quarterly meeting on September 5, 2008, the California
Chamber of Commerce Board of Directors considered seven
ballot measures that will appear on the November 4, 2008
General Election ballot.
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