To better serve you, we are upgrading our e-mail management system next week. Please add email.calchamber.com to your e-mail filters
Next Update: August 2009
CalChamber Hosts Delegation From Germany Renewable energy, climate change and the promotion of small and medium-sized companies were among the topics of discussion July 13, 2009, when the CalChamber hosted a meeting with the minister of economic affairs for the third largest state in Germany. CalChamber, July 21, 2009
IMF Plans to Inject $250 Billion Into Global Economy The International Monetary Fund plans to inject $250 billion into the global economy to bolster countries’ reserves as part of measures to combat the world economic crisis. The IMF’s Executive Board backed an allocation of Special Drawing Rights to provide liquidity to the global economic system. International Monetary Fund, July 20, 2009
Why China Will Keep Investing Abroad Overshadowed by a sparkling economic report card for the second quarter, the leap in China’s official currency reserves last week is yet one more reason to bank on a transformative surge in the country’s investments abroad. New York Times, July 21, 2009
The “Trade Reform, Accountability, Development, and Employment (TRADE) Act” (H.R. 3012 - Congressman Mike Michaud D-ME), which would generate additional bureaucratic reporting requirements relating to international trade agreements on top of those that already exist, was introduced in the House on June 24, 2009. This legislation would place new roadblocks to future trade agreements intended to lower foreign taxes on U.S. exports and require the renegotiation of existing trade agreements. Senator Sherrod Brown (D-OH) is expected to introduce companion legislation in the Senate in July. The TRADE Act: A Blow Against the Economy and Workers U.S.Chamber Article
International Tax Proposal The proposal would raise taxes on U.S. companies doing business overseas. The limitation or repeal of deferral, as proposed by the Obama administration, would impose a unilateral tax on the foreign earnings of American companies, upsetting the competitive balance between U.S. and foreign companies. This will result in a loss of jobs for Americans and serious negative impacts on the U.S. economy. Oppose.
California Coalition For Free Trade The CalChamber Council for International Trade (CIT) is urging members of the business community to join (click here to download membership form) its coalition working to secure congressional approval of the free trade agreements (FTAs) with Colombia, Panama and South Korea. Companies .or associations that join the California Coalition for Free Trade will be included on the rapidly growing list of FTA supporters. There is no cost to join the coalition, which will keep members apprised of its activities and how to be supportive of the FTAs. For more information on the FTAs or to join the coalition, visit www.calchamber.com/international
Your one-stop shop for products that answer California and federal labor law and HR questions, alleviate confusion, save you time and money, so you can get back to business. Click on the logo to view our catalog.
Receive free eNewsletters to help keep you up to date on the laws impacting you and your business. Click on the images below to view samples. To subscribe to any of the newsletters below, visit this link
Note: The Trade Update provides a glimpse of current events for selected topics. Some newspapers listed require the viewer to register for free in order to view the entire article. After some time, most papers file older stories in their archive section. Access to those stories may require that you pay to view them.
This e-mail is being sent to members of the CalChamber Council for International Trade; CalChamber members with international interests; local, binational and American chambers of commerce abroad; the consular corps; California congressional delegation, selected U.S. and California government officials; and representatives of business and trade associations.
If you would like to be added to the subscriber list for this free e-newsletter, please click here.