Archive for July, 2010

EU To Begin 24 Hour Advance Manifest Rule on Ocean Cargo

New European Union (EU) requirements for inbound ocean cargo – the European 24 Hour Advanced Manifest Rule – will come into effect on December 31, 2010, according to an article in CIFFA eBulletin as well as customer advisories from ocean carriers.

The new requirements stipulate that ocean carriers bound for an EU port from a non-EU load port must electronically transmit Entry Summary Declaration (ENS) information to the Customs office of the first EU port of entry no later than 24 hours prior to the commencement of vessel loading. For shipments that originate outside of the EU, the carrier must transmit one ENS per Bill of Lading or Seaway Bill.

To prevent delays at the EU port of arrival, it is important that customers provide complete and accurate shipping instructions so the ENS is accurate.

Detailed information on the topic of this bulletin can be accessed via the European Customs Information Portal (http://ec.europa.eu/ecip/security_amendment/procedures/index_en.htm).

Source: Fedex Trade Networks, July 23, 2010

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July 27, 2010 at 8:00 am

China Passes U.S. as World’s Biggest Energy Consumer

July 20 (Bloomberg) — China overtook the U.S. as the world’s biggest energy user last year, emphasizing that developing nations are driving global growth, according to the International Energy Agency.

China consumed 2,252 million metric tons of oil equivalent in 2009 in the form of crude, coal, natural gas, nuclear power and renewable sources, IEA Chief Economist Fatih Birol said yesterday. That exceeded the 2,170 million tons used by the U.S.

“It’s one of those major turning points,” Tilak Doshi, the chief economist at the Energy Studies Institute at the National University of Singapore, said in a phone interview. “China is growing by leaps and bounds. You’ve got OECD countries where you’re talking about oil demand peaking, meanwhile the emerging countries like China and India will keep growing their energy demand.”

Source: Bloomberg BusinessWeek
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July 26, 2010 at 8:00 am

NKITA Trade Education Seminar: Doing Business More Effectively in China/Chinese Dining Etiquette

LEARN HOW TO SUCCESSFULLY PRESENT YOURSELF DURING BUSINESS AND INFORMAL OCCASIONS

 
Marja Barrett, Author/CEO   Phil Morgan, President
Business Manners for Success   Dr. Morgan your Global Partner

ABOUT THE SEMINAR
Doing Business More Effectively in China (11:00 a.m. – 12:00 p.m.)
– Learn about Chinese-USA business operations and its link to cultural differences;
– The do’s and don’ts with practical business examples;
– Key concepts: Guanxi, “face”, etc.

Chinese Dining Etiquette and Customs (12:15 p.m. – 1:30 p.m.)– Understand the importance of relationship building at a meal;
– Seating and dining customs;
– Conversation and gift giving;
– Dining etiquette and meal service.

WHO SHOULD ATTEND?
Anyone who has or plans to have a business link to Chinese companies. Also attendees of the upcoming trip to China.

ABOUT THE PRESENTERS
Marja Waden Barrett
Marja, author of “Business Manners for Success” is an award-winning writer and speaker. She specializes in helping people communicate professionally, improve their presentation style and adapt to diverse situations to build relationships.
Marja facilitates the understanding of cultural differences; to go beyond your comfort zone and navigate smoothly through cultural nuances. She has coordinated relationship building banquets for local companies who bring Chinese delegates to the U.S.; instructed Chinese teachers in U.S. customs and hosted international visitors through the International Visitors Council.
Marja was honored in 2000 by the Cincinnati Enquirer with its prestigious “Woman of the Year” award. In august 2006 she received benefactor recognition by the International Rotary Foundation.

Phil Morgan
Phil is the president of “Dr. Morgan-Your Global Partner” a growing consultancy company formed after a 30+ year highly successful international career in Procter & Gamble.
He is of Welsh origin but lived and worked in England, Italy, Belgium, Turkey and Germany before moving to Cincinnati to establish and lead a global organization based in 26+ countries on downstream paper technology. He was recognized with the 1999 Procter & Gamble Global Citizenship Award.
He is a strong advocate for the technical excellence of Chinese scientists and engineers: his frequent interactions with his own and external Chinese organizations have formed valuable insights on how to succeed in Chinese business dealings.

About NKITA
The Northern Kentucky International Trade Association, a program of the Northern Kentucky Chamber of Commerce, is over 1,100 members strong. NKITA’s mission is to promote international trade and advocate business positions on trade through meetings, programs and events. NKITA is affiliated with the Kentucky Cabinet for Economic Development, International Trade Division and the U.S. Department of Commerce, Export Assistance Center. For more information on NKITA visit http://www.nkita.wordpress.com.

July 15, 2010 at 8:00 am

Estonia Joins the Euro Family

Today, the Council of the European Union agreed that Estonia would adopt the euro as of January 1, 2011. This means that Estonia will become the 17th European Union country to have the euro as its currency.

“Estonia has achieved a high degree of sustainable economic convergence and is ready to adopt the euro…We commend Estonia for its long-standing commitment to prudent policies. To ensure that the adoption of the euro is a success, Estonia must pursue its efforts to maintain a prudent fiscal policy stance,” said Olli Rehn, EU Commissioner for Economic and Financial Affairs.

Source: European Union Delegation to the United States of America

July 14, 2010 at 6:49 am

Pushing the Free Trade Agenda

More than 400 business leaders from around the world took part in this year’s ICC World Business Summit. Organised by the International Chamber of Commerce (ICC) and the Hong Kong Trade Development Council, the 30 June event at the Hong Kong Convention and Exhibition Centre attracted some of the leading lights in international business and economics. Speakers included Martin Wolf, Associate Editor and Chief Economics Commentator of the Financial Times; David Sokol, Chairman of MidAmerican Energy Holdings Company, a subsidiary of Warren Buffet’s investment conglomerate Berkshire Hathaway; as well as Chen Yuan, Chairman of the China Development Bank.

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Source: HongKongTrader.com

July 8, 2010 at 7:15 am

Legislation to Implement Canada-Colombia Free Trade Agreement Receives Royal Assent

The Honourable Peter Van Loan, Minister of International Trade, today announced that legislation to implement Canada’s free trade agreement with Colombia has received Royal Assent.

“I’m pleased that this free trade agreement with Colombia, a key market in South America, is now law in Canada,” said Minister Van Loan. “The agreement demonstrates our government’s commitment to an ambitious free trade agenda. The agreement will benefit Canada’s producers and exporters, reduce or eliminate tariffs on nearly all current Canadian exports, and provide a more predictable, transparent and rules-based trading environment for Canadian investors.”

The Canada-Colombia free trade legislation includes parallel agreements on labour cooperation and the environment. Under these agreements, Canada and Colombia agree to respect internationally recognized labour standards and principles, and to pursue high levels of environmental protection as the two countries intensify their commercial relationship.

Source: Canada News Center, Government of Canada

July 7, 2010 at 8:00 am

U.S. – Export Reform Agenda

The Obama administration maintains an “aggressive” export control reform agenda, and plans to have much of the new regulatory framework in place by the end of the year, a senior official told members of the Aerospace Industries Association on Wednesday. The reform, announced by Defense Secretary Robert Gates on April 20, marks the biggest change in more than 30 years to how the federal government keeps certain U.S.-made technologies out of the hands of overseas adversaries.

“The bottom-line is that the world has changed dramatically,” said. Gen. James L. Jones, national security advisor. “Procurement patterns have changed, markets have changed, the threats we face are different, and the economy is global. “What has not changed, however, is the basic structure and premise for our export control process,” he said.

Jones explained that over the years the United States has attempted to respond to changes in export controls with a “patchwork” of fixes. “As a result, our system today is made up of a number of antiquated systems cobbled together over time, leaving us with a seriously fractured overall approach to export controls,” he said. The administration will conduct its export control reform in three phases.

In the first phase, which is underway, the government has developed criteria to form a tiered control list structure, with the “crown jewels” and weapons of mass destruction in the top tier and then “cascading down the tiers as the technology or product cycle matures,” Jones said. He said the tiered process would help the government prioritize how it processes license applications. “All items are not equal, yet our current licensing processes are very much like a production line, each license application processed in the order it is received,” Jones said.

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Source: C. Gillis, American Shipper – East Coast Connection, July 1, 2010

July 6, 2010 at 8:13 am


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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