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Next Trade Update: August 18 USTR Seeking Comments on Korea and Colombia Free Trade Agreements On July 27 and 29, Federal Register notices were issued seeking comments on the pending trade agreements with Korea and Colombia by September 15. The Office of the U.S. Trade Representative is requesting comments on how the U.S.-Korea Free Trade Agreement will benefit the U.S. economy and U.S. workers, businesses, farmers, ranchers, and consumers.
USTR is also seeking comments on labor right concerns with regard to the U.S.-Colombia Trade Promotion Agreement.
The California Chamber of Commerce Council for International Trade and our Coalition for Free Trade urge you to submit comments in support of both agreements.
CalChamber unveils new "Welcome to California" Information Packet to the California Consular Corps
Over the past several years, the California Chamber of Commerce International Affairs Department has answered many questions, particularly for Consular Corp members newly posted in our state, about how the US and California governments work, and what the CalChamber has to offer our international guests.
As a direct result of these inquiries, we have compiled this information into one handy information packet. In it you will find detailed information regarding the California Chamber of Commerce, our international activities, specific operations within the California government directed at international guests, and a guide to understanding the US Government.
Congress is currently on Summer District Work Period.
They will return to Washington on September 8.
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. The TRADE Act: A Blow Against the Economy and Workers U.S.Chamber Article
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.
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
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