Thai
airports to reopen after government falls Thailand's prime minister was ousted Tuesday
after weeks of protests closed the capital's airports,
stranding 300,000 travelers. Protesters promised to lift their
siege, and international flights were expected to resume
Friday. San Diego Union Tribune,
December 2, 2008
Australia
cuts interest rates to seven year low The cut, 25 basis points larger than economists
predicted, is seen as proof that Australia is sliding towards
recession. London Times, December
2, 2008 Icelanders
rally to protest economic meltdown Thousands of Icelanders marked the 90th
anniversary of their nation's sovereignty with angry protest
Monday, and several hundred stormed the central bank to demand
the ouster of bankers they blame for the country's spectacular
economic meltdown. San Diego Union
Tribune, December 1, 2008
Students
beat the odds in Somalia Twenty
doctors and dozens of teachers will graduate from a university
in Somalia this week in the first graduation ceremony for
almost two decades in the failed Horn of Africa state.
Los Angeles Times, December 1,
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).
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
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