Council for International Trade - Trade Update California Chamber of Commerce Council for International Trade - Trade Update Newsletter

Tuesday, October 12, 2021

Featured Headlines

International Forus

Federal Maritime Commissioner Carl Bentzel Discusses State of US Ports at International Forum

CalChamber, October 12, 2021

Forum Attendees
Attendees of the October 5 Port Congestion Zoom international forum pose for a picture with Federal Maritime Commissioner Carl Bentzel.


World’s Largest Companies to Pay
More Under Global Tax Overhaul

Politico, October 8, 2021

CalChamber Companies in the News

Bank of America Recognized as Top Global Bank on Fortune’s “Change the World” List
Bank of America Newsroom, October 12, 2021

CalChamber Members IBM and Deloitte Launch New AI Offering to Unlock Business Insights in Hybrid Cloud Environments
IBM Newsroom, October 11, 2021

Chevron Sets Net Zero Aspiration and New GHG Intensity Target
Chevron, October 11, 2021

Trade Policy

From the White House

Readout of President Biden’s Meeting with G20 Leaders
October 12, 2021

FACT SHEET: U.S.-Mexico High-Level Security Dialogue
October 8, 2021

Joint Statement: U.S.-Mexico High-Level Security Dialogue
October 8, 2021

President Biden Announces Key Nominations (Including Ambassadors)
October 8, 2021

Statement by President Joseph R. Biden, Jr. on the Unprecedented OECD Agreement for a Global Minimum Tax
October 8, 2021

From the U.S. Department of Commerce

Notice of Request for Public Comments on
Risks in the Semiconductor Supply Chain

Submit comments by November 8,2021

Commerce Department, Biden Administration Take Action on Semiconductor Chip Shortage
October 8, 2021

U.S.-Singapore Partnership for Growth and Innovation: A Joint Statement by U.S. Secretary of Commerce Gina Raimondo and Singapore Minister for Trade and Industry Gan Kim Yong
October 7, 2021

From the U.S. Trade Representative

A Keynote Address and Conversation with Ambassador Katherine Tai United States Trade Representative in Geneva
On October 14, 2021 watch live here.


USTR Requests Comments on Reinstatement of Targeted Potential Exclusions of Products of China Subject to Section 301 Tariffs
October 5, 2021

Readouts from Ambassador Tai’s meetings this past week:
European Commission
Costa Rica
South Korea

Readout of U.S. – Singapore Free Trade Agreement Joint Committee Meeting
October 8, 2021

Ambassador Tai to Attend G20 Trade Ministers Meeting, Travel to Switzerland
October 7, 2021

Readout of Ambassador Katherine Tai’s Participation in the OECD Ministerial Meeting
October 6, 2021

From the U.S. Department of State

Joint U.S.-EU Statement on the Global Methane Pledge
October 11, 2021

Secretary Antony J. Blinken And Mexican Foreign Secretary Marcelo Ebrard At a Joint Press Availability
October 8, 2021

Remarks Before the U.S.-Mexico High-Level Security Dialogue
October 8, 2021

Secretary Antony J. Blinken and OECD Secretary-General Mathias Cormann at a Joint Press Availability
October 6, 2021

From the World Trade Organization

WTO Briefs Members and Observers on COVID-19 Related Initiatives and Analysis
October 12, 2021

DDG Zhang: A Successful MC12 is Critical for Reinvigorating the WTO
October 11, 2021

WTO Issues New Edition of “Trade Profiles”
October 11, 2021

WTO Launches New Online Tool to Help Users Navigate Changes in Product Nomenclatures
October 7, 2021

Trade Agreements

RCEP to Boost Trade Flows and Supply Chain Network in Asia-Pacific
Hellenic Shipping News, October 12, 2021

China’s Response to U.S. Trade Talks Shows Big Gap Between Two
Bloomberg, October 11, 2021

India Aims for Quick-Fire Trade Pacts, Shifting Strategy as Economy Revives
Business Standard, October 11, 2021

Lords Committee Shares Scottish Concerns Over New Free Trade Agreement, October 11, 2021

China Presses U.S. to Cancel Tariffs in Test of Bilateral Engagement
CNBC, October 9, 2021

Details of Singapore-US Travel Lane Coming Soon; FTA to be Upgraded: Gan
The Business Times, October 9, 2021

Australia Sees Trade Deal with EU by End-2022 -Minister
Reuters, October 8, 2021

South Korea ‘Seriously’ Looking to Join Trans-Pacific Pact Following China Bid
The Straits Times, October 8, 2021

Mexico and US Prepare New Security Framework
AP, October 7, 2021

U.K. Starts Trade Deal Process With Saudi Arabia, Gulf
Bloomberg, October 7, 2021

Ecuador Eyes Trade Deals with China, Russia in Bid for Investment
Reuters, October 7, 2021

Canada Must Oppose China’s Entry to Trans-Pacific Trade Pact
The Hill Times, October 6, 2021

Trans-Pacific Trade Pact Works Best Without China
The Hill Times, October 6, 2021


Biden’s China Tariff Plan Fails to Provide Enough Relief, Businesses Say
The Wall Street Journal, October 11, 2021

Start Your Holiday Shopping Now. Here Are Some Goods That May Be Running Out of Stock
CNBC, October 10, 2021

Toymakers Warn Delays in Stocking Retail Shelves Could Create a 4-Month Holiday Hangover
CNBC, October 6, 2021

The New Order of Trade
The Economist, October 6, 2021

Robert Lighthizer on the Need for Tariffs to Reduce America’s Trade Deficit
The Economist, October 5, 2021

The U.S.-China Trade Conflict Remains Frozen
The Wall Street Journal, October 5, 2021

The Global Rule of Law and Business Dashboard 2021
US Chamber, October 4, 2021


Legislative Roundup: Priority
Bills That Were Signed, Vetoed

CalChamber, October 11, 2021


California’s Travel Industry
Optimistic on Recovery

CalChamber, October 8, 2021

California Port Crisis, Tangled Supply Chains are Fueling a Shipping Container Boom. Will it Bust?
MarketWatch, October 7, 2021

The Supply Chain Crisis has Hit the Bay Area – Partly Because of Epic Cargo Backlogs in Southern California
San Francisco Chronicle, October 5, 2021

More International Articles

IMF Cuts Global Growth Forecast Amid Supply-Chain Disruptions, Pandemic Pressures
The Wall Street Journal, October 12, 2021

Container Shipping Rates Drift Lower After a Record-Setting Climb
Bloomberg, October 11, 2021

A $1.7 Trillion Financing Gap Is Making Supply Shortages Worse
Bloomberg, October 11, 2021

EU’s Charles Michel to speak with China’s Xi on Friday
Politico, October 11, 2021

How Digital Trade Can Address Surging Global Shipping Costs
Hellenic Shipping News, October 11, 2021

What Will Be the Economic Effect of Long COVID? – Opinion
The Jerusalem Post, October 7, 2021

Top US, Chinese Advisers Meet in Zurich Amid Tense Relations
Associated Press, October 6, 2021

U.S. Trade Policy Adapts to a China That Will Never Change
The Wall Street Journal, October 6, 2021

Trade Could Transform US-India Ties
Atlantic Council, October 6, 2021



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