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


Tuesday, September 27, 2022

Featured Headlines


British Expert: Long Ties, Friendship a
Solid Base for State-UK Trade Relations

CalChamber, September 27, 2022

Dr. Matt Beech
Dr. Matt Beech, founding director
of the Centre for British Politics

US-Ireland-California Flags

On Thursday, September 22nd, the CalChamber met with Consul General of Ireland in San Francisco, Micheál Smith, during his first trip to Sacramento after beginning his post in August of 2022. The group discussed the importance of Irish-California relations and agreed to continue their ongoing working relationship.

In 2021, California was a top exporting state to Ireland, providing 16.4% of total U.S. exports to the country. Two-way trade between the U.S. and Ireland totaled $87.2 billion in 2021. Ireland is the fourth fastest-growing source of foreign direct investment (FDI) in the U.S. with investment totaling $353 billion in 2021. Ireland was the seventh largest source of FDI in California in the same year, providing over 30,000 jobs in the state. There are approximately 2.2 million Californians of Irish descent.

Representatives of CalChamber and Consulate General of Ireland in San Francisco
(From left) Susanne T. Stirling, CalChamber vice president
of international affairs; Consul General of Ireland Micheál
Smith; Jennifer Barrera, CalChamber president and CEO;
and Nic O’Loughlin, communications officer, Consulate
General of Ireland in San Francisco.


CalChamber Quarterly Economic Report:
Federal Reserve Fights Inflation, Walks
Line Between Soft Landing, Recession

CalChamber, September 23, 2022

CalChamber Companies in the News

Chevron’s Amber Resources Proudly Supplies Fuel to California Firefighters
Chevron Newsroom, September 23, 2022

Microsoft Unveils New Research and Technology to Bridge the Disconnect Between Leaders and Employees so Companies Can Thrive Amid Economic Uncertainty
Microsoft, September 22, 2022

Amazon Announces 71 New Renewable Energy Projects Globally, Including Firsts in Brazil, India, and Poland
Amazon, September 21, 2022

Northrop Grumman to Unveil the B-21 Raider
Northrop Grumman, September 20, 2022

IBM Study: Supply Chain Leaders Are Investing in AI and Automation to Navigate Supply Chain Uncertainties and Improve Sustainability
IBM Newsroom, September 20, 2022

Trade Policy

From the White House

President Biden’s Meeting with:
Philippine President Ferdinand Marcos Jr.
Prime Minister Kishida of Japan
President Emmanuel Macron of France
Prime Minister Liz Truss of the United Kingdom

Vice President Harris’ Meeting with:
Prime Minister Albanese of Australia
Prime Minister Han of the Republic of Korea
Prime Minister Kishida of Japan

Joint Leaders Statement to Mark One Year of AUKUS
September 23, 2022

G7 Leaders’ Statement
September 23, 2022

Remarks by President Biden Before the 77th Session of the United Nations General Assembly
September 21, 2022

FACT SHEET: At United Nations General Assembly, President Biden Announces $2.9 Billion in Additional Funding to Strengthen Global Food Security
September 21, 2022

From the U.S. Department of Commerce

Readout of Secretary Raimondo’s Meeting with Indian Minister of External Affairs S. Jaishankar
September 26, 2022

Readout of Secretary Raimondo’s Meeting with South Korea’s Minister of Trade, Industry and Energy Lee Chang-yang
September 21, 2022

U.S. Department of Commerce Awards Market Development Cooperator Program Grants to Generate Exports and Support High Quality U.S. Jobs
September 21, 2022

Commerce Department’s Minority Business Development Agency Awards $4.7 Million in Funding to Strengthen Business Centers Across U.S.
September 21, 2022

Readout of Secretary Raimondo’s Meeting with Australia Minister for Foreign Affairs Penny Wong
September 20, 2022

From the U.S. Trade Representative

USTR Releases Bare-Bones IPEF Negotiating Objectives
Politico, September 23, 2022

Joint Statement on the Second Meeting of the Environment Committee of the United States-Mexico-Canada Agreement
September 23, 2022

Ambassador Tai Discusses Equity, Women’s Empowerment and IPEF With Local Leaders in Bali
September 21, 2022

Readout of Ambassador Tai’s Dialogue with G20 Trade Ministers on WTO Dispute Settlement Reform
September 21, 2022

From the U.S. Department of State

Statement by U.S. Ambassador to Japan Rahm Emanuel on the U.S. Presidential Delegation to the State Funeral
U.S. Embassy in Japan, September 26, 2022

Joint Statement Following the GCC, Egypt, Iraq, Jordan, and Yemen Ministerial
September 24, 2022

Joint Readout of Quad Ministerial Meeting
September 23, 2022

Joint Statement on Partners in the Blue Pacific Foreign Ministers Meeting
September 22, 2022

Joint Statement on the U.S.-Japan-Republic of Korea Trilateral Foreign Ministerial Meeting
September 22, 2022

Minerals Security Partnership Convening Supports Robust Supply Chains for Clean Energy Technologies
September 22, 2022

Joint Statement on Atlantic Cooperation
September 20, 2022

From the International Trade Administration

Blue Economy: Export Opportunities Await U.S. Innovators in Ocean Science and Technology
September 21, 2022

From the Export-Import Bank of the U.S.

Export-Import Bank of the United States President and Chair Lewis Solidifies New Minerals Security Partnership with Secretary of State Blinken, Under Secretary Fernandez
September 23, 2022

Export-Import Bank of the United States Signs Co-Financing Agreement with Korea Trade Insurance Corporation During United Nations General Assembly Meetings
September 22, 2022

From the Bureau of Economic Analysis

U.S. International Transactions, 2nd Quarter 2022
September 22, 2022

From the World Trade Organization

WTO Chief Expects Downside Revisions in Global Trade Forecast
Reuters, September 27, 2022

WTO Can Reach Deals on ‘Difficult’ Topics By Early 2024 – WTO Chief
Reuters, September 27, 2022

WTO, FIFA Team Up to Use Trade and Football as Drivers of Economic and Social Development
September 27, 2022

Public Forum 2022 Opens with DG Okonjo-Iweala Warning Against “Business as Usual”
September 27, 2022

China Ready to Promote WTO Reform with Other G20 Members: Commerce Ministry
Xinhua Net, September 24, 2022

Members Consider Five Regional Trade Agreements
September 22, 2022

India Defends its Decision to Ban Rice, Wheat Exports at WTO
The Hindu, September 22, 2022

G20 Trade Ministers Discuss Ways to Strengthen WTO’s Dispute Settlement Mechanism
The Economic Times, September 21, 2022

Agency Heads Call for Urgent Action to Address Global Food Security Crisis
September 21, 2022

Trade Agreements

Japan, Australia Ask UK to Reconsider Agriculture Tariff in CPTPP Talks: Jiji
The Business Times, September 27, 2022

Kenya Frets About Future Trade with U.S.
Politico, September 26, 2022

Sri Lanka Looks to Revive Free Trade Deal with Singapore
Reuters, September 26, 2022

Bangladesh to Request the US for Restoring GSP Privilege
Dhaka Tribune, September 25, 2022

EU Fears Losing Influence in Latin America as Trade Deals Falter
Financial Times, September 25, 2022

Indonesia, UAE Ink Trade Agreement Worth US$3.6 Million
Antara Indonesian News Agency, September 24, 2022

Indonesia, India Sign Rp15tn Trade Deal at TIIMM G20
Tempo. Co, September 24, 2022

S. Korea, U.S. Agree on Joint Efforts for Swift Solution of EV Tax Credit Law
Yonhap News Agency, September 23, 2022

India and European Union Discuss Free Trade Agreement, Price Cap on Russian Oil
The Hindu, September 22, 2022

India-UK Free Trade Pact to Boost Joint Ventures, Investments -UKIBC Head
Reuters, September 22, 2022

Brazil’s Lula Expects to Reach Trade Agreement with EU in Six Months if Elected
Reuters, September 21, 2022

Israel, Bahrain Start Free Trade Agreement Talks
Reuters, September 20, 2022

Brexit: What Trade Deals Has the UK Done So Far?
BBC, September 20, 2022


U.S. Will Need More Time for Trade Liberalization: Former USTR Official
Nikkei Asia, September 27, 2022

US to Seek Stronger Labor, Environmental Standards in Asia
The Associated Press, September 23, 2022

Russian Aluminum Imports are Hurting US Market, Rio Tinto CEO Warns
American Journal of Transportation, September 22, 2022

Freight Costs Fueled Inflation. Can They Dampen It Now?
Bloomberg, September 21, 2022

Chip-Making Push Expected to Boost U.S. Innovation
The Wall Street Journal, September 20, 2022


West Coast Trade Report: September 2022
Pacific Merchant Shipping Association, September 2022

Hispanic Heritage Month Profile: Liliana Ferrer, Sacramento Consul General of Mexico
ABC10 Youtube, September 21, 2022

More International Articles

China Reins In Its Belt and Road Program, $1 Trillion Later
The Wall Street Journal, September 26, 2022

Weaker Demand for Chinese Goods Spells End of Shipping Boom
American Journal of Transportation, September 26, 2022

Tech War: China’s Top Memory Chip Maker Carefully Treads Path to Semiconductor Self-Sufficiency as US Ponders Trade Sanctions
South China Morning Post, September 25, 2022

G20 Agriculture Ministers Meeting to be Held in Bali, Issues for Discussion
G20 Indonesia 2022, September 24, 2022

Indonesia Successfully Holds G20 TIIMM, Trade Minister Zulkifli Hasan: Support Achievement of 6 Priority Issues to Overcome Global Economic Challenges
G20 Indonesia 2022, September 24, 2022

G20 Trade Ministers Meeting Ends Without Joint Statement, September 23, 2022

Canada, South Korea Seek Deeper Cooperation on Critical Minerals
Reuters, September 23, 2022

EU Nations Demand Tougher Russia Sanctions in Next Package
Bloomberg, September 23, 2022

War, Inflation Knock World Economy Off Balance
The Wall Street Journal, September 23, 2022

Asia, Save China, Is Finally Lifting Its Last Pandemic Rules
Bloomberg, September 23, 2022

UK Deepening Links with Fellow Democracies like India, Israel, Indonesia, South Africa: Truss
The Print, September 22, 2022

The African Supply Chain and Its New Trade Agreement
Supply Chain Brain, September 22, 2022

Competing Visions for Economic & Security Partnership in the Pacific—What Role for LAC?
The Dialogue: Leadership for the Americas, September 22, 2022

China Loses Allure as European Firms Rethink Investments
Bloomberg, September 21, 2022

Japan-New Zealand Prime Ministers’ Informal Talks
Japanese Ministry of Foreign Affairs, September 21, 2022

Freight Labor Unrest is Going Global and Weighing on Supply Chains
The Wall Street Journal, September 21, 2022

High Natural-Gas Prices Push European Manufacturers to Shift to the U.S.
The Wall Street Journal, September 21, 2022

EU Proposes Supply Chain Emergency Powers, Spooking Business
Reuters, September 19, 2022




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