Archive for July, 2009

EU-US Discuss Bilateral Trade Issues

EU Trade Commissioner Catherine Ashton met with United States Trade Representative Ron Kirk in Washington earlier this month to discuss a number of trade issues and find new ways to resolve bilateral trade disagreements.

In a joint statement issued following their meeting, USTR Kirk and Commissioner Ashton noted that “…through intensified bilateral engagement, we believe we can find solutions that bring meaningful economic benefits to stakeholders on both sides. We instructed our negotiators to identify and exploit new opportunities for market-opening and economic integration.”

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July 24, 2009 at 11:55 am

Obama Administration Completes 2008 Annual Review of the Generalized System of Preferences

Washington, D.C. – Ambassador Ron Kirk announced today the outcome of the Obama Administration’s 2008 Annual Review under the Generalized System of Preferences (GSP) program. The GSP Program, in 2008, facilitated $31.7 billion in imports of nearly 5,000 types of products from 131 developing countries.

In keeping with GSP’s goal to advance economic development, the Administration will issue waivers that will prevent 112 exports from 16 beneficiary countries, with a 2008 trade value of $290 million, from being excluded from the program because they exceed statutory import ceilings. The Administration is also expanding the program by adding two agricultural products to the list of products eligible for GSP duty-free export into the United States from all beneficiary countries. In addition, as a result of their success under the GSP program, the Administration has also determined that 12 products from six beneficiary countries are now sufficiently competitive in the U.S. market to no longer need GSP treatment.

The Administration conducts an annual review of the countries covered under the GSP program and products that are eligible for duty-free treatment under the program. The statute includes commercial thresholds and waiver provisions regarding imports of products. Interested parties also file petitions seeking changes in the treatment of countries and products.

In announcing these changes, Ambassador Kirk stated, “Expanded trade with the world’s developing countries is critical to boosting their growth, reducing income inequality, and providing people with hope for the future. The GSP program is an important step in helping to revive global trade and restoring our sense of faith in international commerce to help improve lives at home and abroad.”

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Annual Review – 2008 Results

July 9, 2009 at 8:00 am

Cincinnati – Gifu Peace Day

Thursday, July 9, 2009

Sister Cities programs in America were founded with the goal of achieving international understanding and peace through citizen diplomacy.

The city of Gifu, Japan has been a valued Sister City of Cincinnati, Ohio since May 11, 1988. Cincinnati and Gifu have a rich history of cooperation, exchange, respect and friendship.

We hereby jointly commemorate those who fell in the bombing of Gifu City on July 9, 1945 by reaffirming our
commitment to world peace. We recognize that peace is a difficult process, but the first step is to work together and build strong relationships.

We ring the World Peace Bell as a sign of hope in the future and as a sign of our support of the efforts of all
those working towards world peace.

Gifu Sister City Committee, the City of Cincinnati and the City of Gifu welcome everyone in Greater Cincinnati and surrounding areas to share your support by attending the Ringing of the World Peace Bell.

When: Thursday, July 9, 4:00 PM
Where: World Peace Bell
403 York St
Newport, KY 41071

For more information please contact GSCC at info@cincinnati-gifu.org

July 7, 2009 at 10:36 am

Coping with ‘Made in China’ Scandals

Global companies must ensure, in China and around the world, that their products meet safety and quality standards and that their brands are protected (By Mark C. Goodman and LaRhonda Brown-Barrett, BusinessWeek).

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July 6, 2009 at 12:08 pm

Brazil: Venture Capital’s Next Hotbed?

Investments in Brazilian startups are surging, but high taxes and strict labor laws could hamper returns.

Brazil is best known around the world for soccer, samba music, and supermodels. Now it’s emerging as an attractive destination for investment capital.

At a June 25 conference in New York, a Brazilian venture capital trade group announced some impressive figures. As of the end of 2008, local and foreign investors had committed $28 billion in venture and private equity capital to Brazilian companies, said Luiz Figueiredo, president of the Brazilian Association for Private Equity & Venture Capital. That’s up from $6 billion in 2004, amounting to a hearty 50% compound annual growth rate over the last four years. Investors have financed 500 Brazilian companies to date with venture or private equity capital, and there’s $12 billion left to invest over the next few years from that $28 billion kitty (by S. E. Ante, BusinessWeek, June 28, 2009)

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July 2, 2009 at 12:44 pm


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.

RSS Northern Kentucky Chamber – Calendar

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