Archive for June, 2011

U.S. exports up 1.3% in April

U.S. exports of goods and services in April increased 1.3 percent over the previous month to a record $175.6 billion, the Commerce Department reported Thursday. Monthly export values for U.S. industrial supplies ($43.4 billion) and capital goods ($41 billion) were the highest on record. U.S. imports of goods and services decreased 0.4 percent over this period to $219.2 billion, causing the U.S. trade deficit to decline 6.7 percent below March figures to $43.7 billion in April. Read more.

American Shipper, 6/10/2011

June 30, 2011 at 7:00 am

Trade Mission to Brazil: Export Green

Export Green Trade Mission:
Green Building & Brazil
August 28 – September 02, 2011
São Paulo and Rio de Janeiro

The Export Green Trade Mission will be an excellent opportunity to network with leading industry professionals and learn more about doing business in Brazil. This mission, held in conjunction with the Green Building Conference, brings together entrepreneurs, executives and professionals in the sector to discuss issues of strategic interest to the market and enhance the benefits and concepts of sustainable design, energy and construction.

Why Join?
– Networking opportunities: meet other companies in your industry; establish potential partners; learn more about doing business in Brazil, explore how to enter in the Brazilian market and sell your product;
– Matchmaking services: have business meetings set-up with pre-screened contacts representatives, professional associations and government contacts; meet prospective trade partners in key industry sectors;
– Government Procurement: opportunities to meet with the government officials responsible for infrastructure and projects related to the World Cup and the Olympics;
– Brazilian Partners: Meet with the 5 largest Brazilian companies likely to be responsible for the upcoming major projects. Find out how to become a sub-contractor for these companies.

Space is limited. Apply today!</a> Application deadline is June 29.
Preliminary Agenda

Travel: Participants are responsible for making their own flight arrangements. Meals, translation services, and ground transportation between meetings are included in cost of the mission and will be arranged by the Brazil Council

For additional information and delegation fee, click here. If you have any questions, please contact Luciana Rocha-Goldman or call (202) 463-5496.

Announcing guest star Assistant Secretary Nicole Lamb-Hale A/S Lamb-Hale will join the trade mission to help promote green exports to Brazil. Opportunities will be provided for participants in the trade mission to meet with the Assistant Secretary. Read more here.

The International Conference of the Green Building Council is the largest strategic event in the sector in Latin America. This event will promote upgrading, learning and business generation in a quality environment with intense networking for elected officials and event participants. Participants will explore the exposition area where the exhibitors will have booths with modern and functional design. This will be a great opportunity to interact with entrepreneurs interested in learning more about their products and services, creating an extremely favorable environment for business and relationships.
Export Green: Growing SME Exports to Brazil is a cooperator agreement from the U.S. Department of Commerce that will provide resources to U.S. companies to increase exports of green technologies to Brazil, create jobs, and strengthen American competitiveness in sectors related to green technology. Companies looking to boost their revenue will learn how to navigate and succeed in the Brazilian market through Export Green. To learn more about the project and get involved, please visit the Export Green website.

June 15, 2011 at 3:00 pm

Seoul Presses U.S. to Pass Trade Deal

Seoul warned that if Washington didn’t act soon on a trade-expansion agreement, ratification in South Korea could be put on hold until after its April 2012 elections.

A delegation of South Korean lawmakers arrived Thursday in the U.S., the latest effort by Seoul to meet with lawmakers and Obama administration officials to press for immediate passage of the trade pact. Unless Congress ratifies the agreement this summer, Korean government officials say, it risks getting entangled in Korean politics as lawmakers there start to avoid contentious legislation in the run-up to April parliamentary elections.

“It could already be too late,” said Nam Kyung-pil, chairman of the foreign-affairs committee in Korea’s National Assembly, who is among a half-dozen Korean lawmakers in the delegation seeking meetings with U.S. lawmakers and administration officials. “I’m wondering why it’s not passed the Congress until now, and I want to find out.”  Read more.

E. Williamson and E. Ramstad, The Wall Street Journal, June 10, 2011

June 15, 2011 at 7:00 am

ICC: Keep markets open

The International Chamber of Commerce is urging G20 leaders to keep markets open to trade, saying a joint report on G20 trade and investment measures by the World Trade Organization, Organization on Economic Cooperation and Development and United Nations Committee on Trade and Development is “worrying” because it found an increase in restrictive trade measures in the past six months.
   That report, released May 24 by the WTO, OECD and UNCTAD, found G20 members implemented 30 new export restrictions from October 2010 to April 2011.
   “This occurred despite the G20’s reaffirmation at the 2010 Seoul Summit to resist protectionism until the end of 2013,” the ICC said. “G20 leaders had agreed early that year, at their Toronto Summit, to withdraw any protectionist measures in the pipeline, including export restrictions and WTO–inconsistent measures for stimulating exports. The WTO-OECD-UNCTAD report reveals that the exact opposite is taking place.”  Read more.

American Shipper, 6/1/2011

June 9, 2011 at 7:00 am

White House picks Bryson to lead Commerce

President Obama on Tuesday announced his intent to nominate John Bryson as the next secretary of the U.S. Commerce Department.   Bryson will replace Gary Locke, who was recently nominated to serve as the country’s next ambassador to China.
“John will be an important part of my economic team, working with the business community, fostering growth, and helping open up new markets abroad to promote jobs and opportunities here at home,” Obama said in a statement.
Bryson is expected to continue the ongoing effort to meet the president’s goal of doubling America’s exports to support millions of American jobs, the White House said.  Read more.

June 8, 2011 at 7:00 am

Florida eliminates port background checks

 Florida Gov. Rick Scott last week signed a bill he said would eliminate requirements for state port businesses to undergo redundant background checks.
   Federal law requires any person seeking unescorted access to any seaport facility in the country to obtain a federal Transportation Worker Identification Credential (TWIC card), which includes a background screening and a threat assessment. Florida was one of only a few states requiring both a federal and a state background check.  Read more.

American Shipper, 6/1/2011

June 7, 2011 at 7:00 am

Canada minister emphasizes trade building

  Canada under Prime Minister Stephen Harper remains committed to broadening the country’s trading relationships, International Trade and Asia-Pacific Gateway Minister Ed Fast said Thursday.
   “International trade is, fundamentally, a kitchen-table issue, a matter of fundamental importance to the financial security of hard-working Canadians,” said Fast, in his first keynote speech, delivered to members of the Canadian Chamber of Commerce, which represents Canadian businesses of all sizes.
   He noted one-in-five Canadian jobs are directly or indirectly dependent on exports and that trade accounts for nearly 60 percent of Canada’s gross domestic product.
   “That is why we are committed to securing and deepening access to traditional markets, like the United States, and broadening and expanding access to more markets, like the European Union, India and the other fast-growing countries of Asia and the Americas,” Fast said.  Read more.

American Shipper,  6/3/2011

June 6, 2011 at 7:25 am

Bipartisan Coalition Introduces Bill to Give Customs the Discipline to Combat Trade Cheats

 Washington, D.C. –As evidence mounts about the extent to which foreign exporters have been eager and willing to circumvent U.S. trade laws continues, a bipartisan group of U.S. Senators have introduced legislation to create the discipline necessary at Customs and Border Protection to combat trade cheats and provide a fair playing field for U.S. manufacturers. The bill has been introduced by U.S. Senators Ron Wyden (D-Ore.) the chair of the Senate Finance Committee’s subcommittee on Trade, Customs and Global Competitiveness, Olympia Snowe (R-Maine), Claire McCaskill (D-Mo.), Roy Blunt (R-Mo.) Sherrod Brown (D-Ohio), Rob Portman (R-Ohio) and Charles Schumer (D-NY).

The Enforcing Orders and Reducing Circumvention Evasion Act (ENFORCE) requires CBP – the federal agency tasked with investigating and prosecuting trade violations – to quickly investigate allegations of antidumping and countervailing duty evasion in order to counteract the disastrous effects evasion has had on domestic manufacturing.

 “Customs has been asleep at the switch and U.S. manufacturing is paying for it,” Wyden said. “Foreign exporters are running roughshod over our trade laws and showing almost total disregard for our ability to enforce them. This costs jobs. U.S. enforcement abilities must be up to the task of dealing with trade cheaters and this bill gives them the discipline they need to investigate, prosecute and collect from those willing to evade U.S. law.”

Senator Olympia J. Snowe said, “When unscrupulous foreign exporters invent schemes to avoid paying duties it puts workers in Maine and throughout the nation at a severe disadvantage and bilks our government out of millions of dollars in uncollected fees. Regrettably, our government’s reluctance when it comes to enforcing existing trade rules has contributed to the silencing of our manufacturing industry, adding to rampant job loss and high unemployment around the nation,” said Senator Snowe, a senior member of the Senate Finance Committee. “The ENFORCE Act is a vital step to make certain our government has the tools to protect American companies from blatant trade violations that take place at the expense of our global competitiveness and prosperity.  Passing this critical legislation will ensure there are no excuses when it comes to holding accountable those who seek to evade our trade laws.”

“Foreign companies who are evading penalties and continuing to violate our trade laws are putting American jobs at stake. In Missouri, we’ve lost hundreds of jobs because of these kinds of violations. Missouri companies can compete on a global scale, but we have to make sure they have a level playing field. This bill will give the watchdogs who are supposed to be enforcing these laws the tools they need to protect our economy,”
McCaskill said.
“In order to expand and promote trade policies that lead to more U.S. exports, it’s important that we properly enforce the remedies available to American companies that are victims of unfair trade practices,” said Blunt. “This legislation will build support for trade policies in the United States and ensure that we don’t disadvantage our own job creators in favor of foreign competitors.”

 “When a reckless driver buys a radar detector instead of paying his speeding ticket, that’s evasion,” Brown said. “That’s exactly what happens when foreign companies avoid paying duties on unfairly- subsidized and dumped products. Ohio manufacturers rely on trade enforcement laws, but when duties are so easily evaded, they become meaningless. The ENFORCE Act will help ensure that we stay one step ahead of these illegal and unfair practices that put Ohio manufacturers at a serious disadvantage.”

“Foreign companies who are not playing by the rules, harming Ohio workers and American taxpayers, should not be allowed to do an end-run around the law,” said Portman, who initiated the first-ever legal case to be litigated and won against China before the World Trade Organization because of China’s unfair treatment of U.S.-made auto parts.

“The American people have been fleeced long enough by exporters who cheat the trade system to make a quick buck. Our American manufacturers are already hurting and the deceptive actions of these exporters only costs more jobs and economic growth. To those who are cheating our trade system the ENFORCE Act says, enough is enough.” Senator Schumer said. “It’s time the feds ripped the band aid off and began aggressively enforcing our trade laws so these cheats can no longer steal from the American people.”  

Many countries provide their domestic manufacturing subsidies and other favorable treatment in order to increase their ability to export to other countries. This “leg up” is often disastrous for domestic manufacturing in the countries they are exporting to as they are often unable to compete with foreign produced goods. Anti-dumping and countervailing duty orders are the U.S.government’s remedy for using these practices. However, foreign exporters, many from China, have been known to intentionally mislabel shipments and reroute goods through third-party countries in an effort to fool customs officials and circumvent these trade laws. And as inquiries by Senator Wyden’s staff exposed, this practice is pervasive as many foreign exporters are eager and willing to evade these duty orders

The ENFORCE Act establishes a rapid-response timeline by which Customs would respond to allegations of evasion. The law requires Customs to determine whether there is a reasonable basis to believe an importer is evading an AD/CVD order within 90 days of an allegation being put forward. If an affirmative preliminary determination is made, the ENFORCE Act will require that AD/CVD penalties be collected in cash until the investigation is concluded.

Since many of the schemes importers use to evade these orders include mislabeling the origin of merchandise, it is very difficult for theU.S.government’s product safety mechanisms to cope. The ENFORCE Act will also increase the safety of imports by authorizing information sharing among the appropriate agencies when the government determines that an importer may be attempting to evade an AD/CVD order.


June 1, 2011 at 7:00 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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