CalChamber Trade Update - July 15, 2014

Council for International Trade - Trade Update

Tuesday, July 15, 2014

Featured Headlines

CalChamber Reports on Status
of Major Business Bills
CalChamber, July 14, 2014

Letter to California Congressional
Delegation Regarding the Reauthorization
of the Export-Import Bank
The CalChamber supports the reauthorization of the Export-Import Bank, that currently is set to expire on September 30. Failure to reauthorize its operations at an internationally competitive level would seriously disadvantage U.S. companies—small and large—in foreign markets, potentially resulting in the loss of thousands of U.S. jobs.
CalChamber, July 10, 2014

Businesses Urging Support
for Reauthorizing Export-Import Bank
CalChamber, July 9, 2014

Write a letter

www.calchamber.com/EX-IM

CalChamber Companies in the News

United to begin Seoul daily flights
Guampdn, July 14, 2014

Bank of America names new SE Asia head amid financial deal boom
Reuters, July 10, 2014

Trade Policy

From the World Trade Organization

WTO launches “trade stories” selfie competition

WTO issues panel report on US measures on Indian steel products

DDG Agah notes no acceleration of new restrictions,
urges more trade transparency

Russia blocks EU panel request on pork ban

From the White House

Message from First Lady Michelle Obama to the United States-China Consultation on People-to-People Exchange

Statement by the President to the U.S.-China Strategic
and Economic Dialogue

From the U.S. Department of Commerce

U.S. Secretary of Commerce Penny Pritzker Announces Expansion and Enhancement of Commerce Data Programs

Five Things Small Businesses Should Know About Export Control Reform

NEI/NEXT Priority Objective: Expand Access to Finance
for U.S. Exporters
**ITA Blog

U.S. Secretary of Commerce Penny Pritzker Visits Shanghai Ahead
of the Strategic and Economic Dialogue

From the U.S. Trade Representative

Statement by U.S. Trade Representative Michael Froman
on the Sixth Annual Strategic and Economic Dialogue

WTO Panel Issues a Mixed Result in China’s Challenge
to U.S. Countervailing Duties

Ambassador Froman Welcomes Senate Confirmation of Darci Vetter as Chief Agricultural Negotiator

Trade Agreements

US and EU trade talks to resume
BBC News--UK, July 13, 2014

Federal

U.S. posts $70.5 billion June budget surplus
MarketWatch, July 11, 2014

The Export-Import Bank Continues to Open Doors
for U.S. Small Businesses to Export to China in 2014
Direct and indirect small business support part of record-high $1.8 billion authorizations for exports to China year-to-date
Ex-Im Bank Communications, July 9, 2014

California

SUPPORT AJR 34 (Cooley-D)
Terrorism Risk Insurance Extension

5/5/2014 - Chaptered by Secretary of State

Urges Congress to extend the Terrorism Risk Insurance Program for U. S. economic stability and continuity following a terrorist attack.

Letter to Author

Bill Versions: 02/13/2014 Introduced

SUPPORT AJR 37 (Muratsuchi-D)
Export-Import Bank

6/24/2014 - Chaptered by Secretary of State

Urges Congressional reauthorization of the Export-Import (Ex-Im) Bank, thereby enabling U.S. companies — large and small — to turn export opportunities into real sales that help to maintain and create U.S. jobs and contribute to a stronger national economy.

Letter to Author

Bill Versions: 03/24/2014 Amended

See www.calchamber.com/EX-IM

Dan Walters: California gains in economic rankings,
but it’s a mixed bag
The Sacramento Bee, July 13, 2014

California general fund ends fiscal year in black
The Sacramento Bee, July 10, 2014