Commerce Secretary Gary Locke unveiled details of President Obama’s National Export Initiative (NEI).
The National Export Initiative is focused on three key areas:
A more robust effort by this administration to expand its trade advocacy in all its forms, especially for small- and medium-sized enterprises.
Improving access to credit with a focus on small- and medium-sized businesses that want to export.
Continuing the rigorous enforcement of international trade laws to help remove barriers that prevent U.S. companies from getting free and fair access to foreign markets.
Join the Los Angeles Area Chamber of Commerce, the UCLA Anderson School of Management and the U.S. and Foreign Commercial Service to learn about business and exporting opportunities in the Americas, primarily in Latin America.
The “Small Business Int’l Trade Enhancements Act of 2009” (S. 1196 – Senator Mary L. Landrieu D-LA),which would increase the total amount of available trade financing, adjust collateral requirements, and encourage better collaboration on small business export assistance among federal government agencies.
The “Small Business Export Opportunity Act of 2009” (S. 1208 – Senator Olympia Snowe R-ME ) , which would create a new Office of Small business Export Development and Promotion at the Small Business Administration. It would also increase the maximum export loan amount and create a grant program that matches funds for expenses incurred by small businesses that are actively working to start or expand export activities.
The “Trade Reform, Accountability, Development, and Employment (TRADE) Act” (H.R. 3012 - Congressman Mike Michaud D-ME), which would generate additional bureaucratic reporting requirements relating to international trade agreements on top of those that already exist, was introduced in the House on June 24, 2009. This legislation would place new roadblocks to future trade agreements intended to lower foreign taxes on U.S. exports and require the renegotiation of existing trade agreements. Senator Sherrod Brown (D-OH) is expected to introduce companion legislation in the Senate in July.
International Tax Proposal The proposal would raise taxes on U.S. companies doing business overseas. The limitation or repeal of deferral, as proposed by the Obama administration, would impose a unilateral tax on the foreign earnings of American companies, upsetting the competitive balance between U.S. and foreign companies. This will result in a loss of jobs for Americans and serious negative impacts on the U.S. economy. Oppose.
The following bills are related to international trade and have been introduced in the California State Legislature in the 2009-2010 Legislative Session.
Any CalChamber position is noted on the CalChamber Legislative website:
SB 657 (Steinberg; D-Sacramento) Human Trafficking
Mandates that “every retail seller and manufacturer doing business in this state” develop, maintain, and implement a policy addressing the eradication of slavery and human trafficking from their supply chain. The bill inappropriately makes California employers responsible for the actions of businesses with which they have no contractual relationship, are located in other countries, and could be engaged in activities that may best be handled on a diplomatic level.
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California Coalition
For Free Trade A broad-based group of companies and business organizations working to secure a national free trade agenda, as well as, seeking approval of the Free Trade Agreements with Colombia, Panama, and South Korea.
This e-mail is being sent to members of the CalChamber Council for International Trade; CalChamber members with international interests; local, binational and American chambers of commerce abroad; the consular corps; California congressional delegation, selected U.S. and California government officials; and representatives of business and trade associations.
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