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.
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.
AB 1276 (Skinner) International Trade
This bill would prohibit the Governor from binding the State to an international trade agreement without specific legislation authorizing the action.
AB 1431 (Hill) Air quality: Port of Oakland
This bill would require the Port of Oakland to establish emission reduction strategies that are no less stringent than that which are employed at the Port of Los Angeles and the Port of Long Beach.
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
Your one-stop shop for products that answer California and federal labor law and HR questions, alleviate confusion, save you time and money, so you can get back to business. Click on the logo to view our catalog.
Receive free eNewsletters to help keep you up to date on the laws impacting you and your business. Click on the images below to view samples. To subscribe to any of the newsletters below, visit this link
Note: The Trade Update provides a glimpse of current events for selected topics. Some newspapers listed require the viewer to register for free in order to view the entire article. After some time, most papers file older stories in their archive section. Access to those stories may require that you pay to view them.
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.
If you would like to be added to the subscriber list for this free e-newsletter, please click here.
To unsubscribe from Trade Update, please e-mail us.