Trade Update – October 8, 2024
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17th Anniversary Edition – Trade Update
Seventeen years ago, on October 1, 2007, the
California Council for International Trade (CCIT) merged with the California Chamber of Commerce International Trade Committee to create the CalChamber Council for International Trade,
which expands California’s voice on trade.Please visit the CalChamber’s “History of the CCIT,“and visit our Archive for past Trade Updates!
This year’s anniversary edition is dedicated to Jerry Levine, former Chair of CCIT.
Thanks to our over 5,000 readers around the world for your continued interest and support.
Susanne Stirling, Senior Vice President, International Affairs
Xóchitl Bartolomé, Admin Assistant, International Affairs and Corporate Relations
And thanks to the
CalChamber Communications Department!
Ann Amioka, Vice President, Communications
Steve Dormann, Web Managing Editor
Neil Ishikawa, Art Director
Lisa Haggard, Communications Assistant
Port Strikes:
Parties Suspend East Coast/Gulf Ports Strike with Contract Extension
CalChamber, October 8, 2024
The ILA issued a memo to its members outlining the tentative agreement. October 5, 2024
Joint Statement Regarding Master Contract
ILA Union, October 3, 2024
ILA-USMX Joint Statement Regarding Master Contract
USMX, October 3, 2024
Statement by President Joe Biden on ILA and USMX Agreement
The White House, October 3, 2024
Statement by Vice President Kamala Harris on ILA and USMX Agreement
The White House, October 3, 2024
Statement from Acting Secretary Julie Su on International Longshoremen’s Association, United States Maritime Alliance agreement
U.S. Department of Labor, October 3, 2024
Statement by Secretary Pete Buttigieg on ILA and USMX Agreement
U.S. Department of Transportation, October 3, 2024
Securing the 61.5% Raise: Understanding the Process
ILA Union, October 5, 2024
Striking port workers to return to work Friday as negotiators reach an agreement on wages
CNN Business, October 4, 2024
U.S. port strike suspended until January to allow time for contract talks
Global News, October 3, 2024
Link to Joint Coalition letter
CalChamber, October 2, 2024
Montreal port strike ends, but tensions linger over prolonged strike in U.S.
CBC News, October 3, 2024
Montreal port says strike by workers is over, clients can expect delays
Reuters, October 3, 2024
CalChamber Companies in the News
- Blue Diamond Growers to Receive Cal/OSHA Recognition for Exceptional Safety
Blue Diamond Growers, October 7, 2024 - Starbucks buys more innovation farms to create climate-proof coffee
Agriculture Dive, October 7, 2024 - Airbnb drives short-term rental boom in tourist haven Rio
Reuters, October 3, 2024 - Oracle to Invest $6.5 Billion in AI and Cloud Infrastructure in Malaysia
The Wall Street Journal, October 1, 2024
Trade Policy
White House
- Readout of President Biden’s Call with President Sheinbaum of Mexico
The White House, October 4, 2024 - Presidential Permit Authorizing Southwebb Bridge Company LLC to Construct, Maintain, and Operate a Vehicular and Pedestrian Border Crossing Near Laredo, Texas, at the International Boundary Between the United States and Mexico
The White House, October 3, 2024 - Presidential Permit Application approved for Laredo 4/5 International Bridge
KNGS News, October 3, 2024 - Statement from President Joe Biden on the Occasion of an Agreement between the Republic of Mauritius and the United Kingdom on the Status of the Chagos Archipelago
The White House, October 3, 2024
U.S. Department of Commerce
By the Numbers: U.S. Economy Adds Over 250,000 Jobs in September Exceeding Expectations
U.S. Department of Commerce, October 4, 2024
- Readout of Secretary Raimondo’s Call with Minister of Commerce of China Wang Wentao
United States Trade Representative, October 8, 2024 - US launches probe into Thai solar cells
Bangkok Post, October 5, 2024 - US Commerce Dept. plans to announce $100M funding for AI-driven semiconductor research
Live Mint, October 2, 2024
U.S. Trade Representative
- Remarks by Assistant U.S. Trade Representative Sushan Demirjian at the Global Forum on Steel Excess Capacity
United States Trade Representative, October 8, 2024 - Readout of Ambassador Katherine Tai’s Meeting with India’s Minister of Commerce and Industry Piyush Goyal
United States Trade Representative, October 3, 2024 - ICYMI: Biden-Harris Administration Continues to Deliver for American Agriculture Producers
United States Trade Representative, October 3, 2024
U.S. Department of Agriculture
FY2025 Funds Available for Export Credit Guarantee Programs (GSM-102)
USDA Foreign Agricultural Service, October 7, 2024
U.S. Department of Treasury
- U.S. Department of the Treasury Announces Awardees Under Innovative $75 Million Small Business Grant Program
U.S. Department of the Treasury, October 8, 2024 - U.S. Department of the Treasury Awards $10 Million to California to Help Small Businesses Grow and Hire
U.S. Department of the Treasury, October 8, 2024
Export-Import Bank
- Exim Bank approves loan for Romanian SMR
Nuclear Engineering International, October 3, 2024 - Export-Import Bank of the United States Board of Directors Increases Support for Critical Minerals Transactions
EXIM, October 2, 2024 - Export-Import Bank of the United States Commemorates 90th Anniversary in New York City
EXIM, October 2, 2024
U.S. Trade and Development Agency
- USTDA Continues Record Return on Taxpayer Investment
USTDA, October 7, 2024 - USTDA Convenes Civil Nuclear Energy Leaders from U.S., Europe and Eurasia
USTDA, October 3, 2024
World Trade Organization
- WTO Leadership Race Kicks Off Next Week, Earlier Than Usual
Bloomberg, October 4, 2024 - Members underline need for services trade to be inclusive
WTO, October 2, 2024
Trade Agreements/ Cooperation
India, US sign MoU on critical minerals cooperation to reduce dependence on China
Hindustan Times, October 4, 2024
Secretary Raimondo and Minister Goyal Convene 6th U.S.-India Commercial Dialogue Meeting
U.S. Department of Commerce, October 3, 2024
- Five pacts inked, agreement on FTA negotiations: India steps up economic aid to Maldives after talks to reset ties
The Indian Express October 8, 2024 - Indonesia and Singapore Target 50% Completion of ASEAN Digital Economy Agreement by 2024
Jakarta Globe, October 7, 2024 - Intra-Africa trade could double in next five years, says Secretary General of African Continental Free Trade Area
CNN, October 7, 2024 - Arctic Allies to Form Security Group to Counter Russia, China
Bloomberg, October 2,2024 - US, Norway Deepen Critical Minerals Cooperation Competing With China, Russia
MenaFN, October 1, 2024
California
- One of California’s major agricultural regions could ban ‘factory farming’
Agriculture Dive, October 4, 2024 - CalChamber Celebrates Contributions of Hispanic Businesses
CalChamber October 4, 2024 - California to Limit Certain Employer Communications Starting January 1
CalChamber October 3, 2024
More International Articles
- Blinken heads to Asia this week for a summit of regional leaders
The Associated Press, October 8, 2024 - Finland and Estonia Agree to Joint Defense of Critical Balticonnector Gas Pipeline
GCaptain, October 7, 2024 - Beijing’s Potential Retaliation Looms as EU Approves Chinese EV Tariffs
The Diplomat, October 7, 2024 - Big Jump Expected in Brazil Diesel Imports
AGWeb, October 4, 2024 - Naira appreciates further against dollar to end week on good note
Daily Post Nigeria, October 4, 2024 - China’s Coast Guard claims to have entered the Arctic Ocean for the first time as it ramps up security ties with Russia
CNN, October 3, 2024 - Dollar surges as European, Japan hawks coo
Reuters, October 3, 2024 - OPEC+ could cushion Iran oil shock but not broader disruption
Reuters, October 2, 2024 - US energy firms rise as escalating Middle East tensions spark supply fears
Reuters, October 2, 2024 - Finance firms more worried about global economy, BoE survey finds
Reuters, October 2, 2024