Archive for May, 2009

AAEI says 10+2 costs will mount

The American Association of Exporters and Importers in comments filed last week urged caution over the costs of U.S. Customs’ Importer Security Filing interim final rule. ISF, also known as “10+2,” requires cargo information to be transmitted to CBP agents at least 24 hours before goods are shipped to the United States.

“AAEI expressed concern to U.S. Customs and Border Protection that the costs of ‘10+2’ compliance are still unknown,” the association said. “In the first months of implementation, the only cost CBP is capturing is the transaction fee for filing. However, AAEI notes that the true costs are much higher, especially for small and medium-sized enterprises. Plus, hidden costs of ‘10+2’ compliance will add up quickly due to delays and slowdowns in the supply chain.

“AAEI is also concerned about the lack of tangible benefits for voluntary participation in the costly C-TPAT program, and recommends that CBP allow C-TPAT members to satisfy ‘10+2’ requirements by providing routine data at the aggregate level for common shipments.”

This article is extracted from the 26 May 2009 edition of “American Shipper”

May 29, 2009 at 9:57 am

Challenges to Foreign Investment in High-Tech Semiconductor Production in China

This article seeks to explain the limited level of high-tech semiconductor production by foreign investors in China. First, the article briefly summarizes the evolution and current state of China’s policy efforts to promote foreign investment in its semiconductor industry. Second, the article shows that foreign front-end semiconductor production in China remains relatively small, despite the lure of the government’s promotional policies and the fact that China is the world’s largest market.

The article concludes by identifying two major factors discouraging foreign front-end semiconductor production in China: (1) China’s uncertain business environment for front-end semiconductor production, punctuated by lax intellectual property rights (IPR) protection and enforcement; and (2) restrictive investment and export control policies by foreign governments (United States International Trade Commission, May 2009).

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May 27, 2009 at 10:17 am

THE WHITE HOUSE – Office of the Press Secretary:

– – – – – – –

When the world’s consumers fly in a U.S.-manufactured airplane, eat a steak from America’s heartland, watch a Hollywood movie, or visit the Grand Canyon, they are helping to create and maintain good jobs for Americans.

World Trade Week is an opportunity to reaffirm the benefits of trade and to emphasize America’s commitment to a global marketplace that creates good jobs and lifts up American families. The United States and our trading partners stand to gain when trade is open, transparent, rules-based, and fair, showing respect for labor and environmental standards.

The United States is well-positioned to reap the benefits of trade. America is a leader in the global marketplace and ranks at the top of almost every measure of global competitiveness. Our businesses, workers, and farmers remain the most innovative, productive, and adaptable in the world. The United States is also the world’s largest exporter.

Read Complete Document

May 20, 2009 at 3:08 pm

Understanding the Trade Policies of the New U.S. Administration

FT. MITCHELL, Fri. May 15 – According to the U.S. Chamber of Commerce, Kentucky businesses added more than $22 billion to the local economy in 2005 by purchasing local goods and exporting manufactured merchandise to customers worldwide. However, recent administration changes relating to International Trade Policies have the potential of impacting this activity.

Speaker and author Les Glick, Porter, Wright and Morris, Washington D.C. and Ms. Ying Juan Rogers, Vice President, Kentucky World Trade Center highlights the affects of the changes Wed. May 21, 8 a.m. at the Newport Syndicate as part of the Northern Kentucky International Trade Association (NKITA) seminar, “Understanding the New U.S. Administration Trade Policies.”

“More than 90 percent of market potential is outside the United States and businesses are trying to keep up with a growing global competition,” explained Sylvia Dwertman, chair of NKITA, a program of the Northern Kentucky Chamber of Commerce.

In fact, more than one third of the Chamber’s members are engaged in international trade including large corporations with subsidiaries overseas and the small e-commerce business selling U.S. products to foreign buyers.

“We also have a large number of foreign investments that employ regional workers and pay taxes in the United States,” said Daniele S. Longo, vice president for Business Development and International Trade. “This seminar will help them understand how changes made at the federal level affect them.”

The event, sponsored by PNC Bank and DHL Express is supported by the European-American Chamber of Commerce, the Greater Cincinnati Chinese Chamber of Commerce, the Hispanic Chamber of Commerce, the International Business Center and the Kentucky World Trade Center. Admission is $15 for Northern Kentucky Chamber Members and Partners; $25 for Future Members. Register online,

More information about this program is available by contacting Daniele S. Longo, (859) 578-6385.

May 19, 2009 at 9:24 am

May 13, 2009 at 9:50 am

May is World Trade Month: Test Your Trade IQ

True or False: Trade destroys American jobs

Flase: More than 57 million Americans work at companies that benefit from international trade, according to the U.S. Treasury Department. That is 40% of the private sector workforce.

(Source:, May 2009)

May 12, 2009 at 9:03 am

Doing Business in Singapore with the U.S. Department of Commerce – U.S. Export Assistance Center

Mr. Yui Kei CHAN, U.S. Embassy Singapore, will be available for private meetings in Louisville and Lexington May 13 – 15, 2009.

In his position at the U.S. Embassy, Mr. Chan is responsible for helping U.S. companies in the Singapore market. His education and experience in engineering have given him a foundation for assisting companies in a variety of industries such as building & construction, technology, energy and the environment. Mr. Chan’s portfolio extends to other industries, including transportation, education, tourism, and warehousing.

To schedule a private meeting with Mr. Chan, please contact the office nearest you:

Louisville = 502-582-5066 (
Lexington = 859-225-7001 (

To learn more about doing business in Singapore, please visit our website at

May 7, 2009 at 8:36 am

A Close Friend Returns to China

Mr. Xin Shen, First Secretary, Embassy of the People’s Republic of China will end his tenure at the Chinese Embassy in Washington, DC and return to Beijing on May 21.

Mr. Xin was a key resource in helping the Northern Kentucky Chamber of Commerce and the Northern Kentucky International Trade Association connecting with the Embassy of the People’s Republic of China. The Chamber and NKITA had the honor to host various Chinese delegations to Northern Kentucky in the past two years. Our memebrs had also the opportunity to visit the facilities of the embassy during the 2008 Washington D.C. Fly-in trip.

It was a pleasure to work with Mr. Xin and we wish him all the best in his new assignment as Director of U.S. Division at the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC) in Beijin.

May 6, 2009 at 3:41 pm

Green Light for Free Trade Negotiations with Canada

The European Commission will lead negotiations for a new economic and free trade agreement between the EU and Canada, which would go beyond current WTO commitments and reinforce the already strong bilateral trade and investment relationship.

“The decision today sends a signal that the European Union remains committed to trade and open markets at a time of economic crisis and rising protectionist sentiment,” said EU Trade Commissioner Catherine Ashton on April 27.

Last year, trade in goods and services between the EU and Canada exceeded 70 billion euros and the total stock of investment stood at over 260 billion euros. Negotiations are expected to be launched at the EU-Canada Summit in Prague on May 6.

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May 5, 2009 at 1:53 pm

EU Forecasts Economy to Shrink by 4% in 2009

Today the European Commission lowered its forecast for growth in the European Union this year, projecting that EU GDP would fall by four percent before broadly stabilizing in 2010.

“The European economy is in the midst of its deepest and most widespread recession in the post-war era,” said Joaquín Almunia, EU Commissioner for Economic and Monetary Affairs. “But the ambitious measures taken by governments and central banks in these exceptional circumstances are expected to put a floor under the fall in economic activity this year and enable a recovery next year. For this to happen we need to proceed rapidly with the cleaning up of the ‘impaired assets’ on bank balance sheets and to re-capitalize banks when appropriate.”

The European Commission’s forecasts also showed that the unemployment rate is expected to increase to 11 percent in the EU in 2010. The public deficit is projected to rise sharply to 7.25 percent of GDP in 2010, reflecting both the slowdown and the discretionary measures taken to support the economy.

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May 5, 2009 at 10:32 am

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
To learn more about the program, please email Kyle Horseman or call 859.426.3653.

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