Hosted by the U.S. Chamber of Commerce and National District Export Council, with a record setting attendance, this year’s Annual National DEC Export Symposium had several panels focusing on the key export issues and updates. Panels included Export Controls Update, Export Control Programs, Federal and Local Program and Grants, Trade Policy Updates and Key Issues, and EXIM Bank Update.
In the National DEC Forum, we discussed the key topics in management of the DECs; such as DEC Governance, Strategic Projects and DEC engagement methods. DEC members dedicated the afternoon session to visits to the Congressional leaders at the Capitol Hill. Evening reception was hosted at the Capitol Visitor Center in conjunction with Center for International Business Education and Research (CIBER).
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Source: U.S. Chamber of Commerce
Signed on December 17, 1992, the North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. Many of its provisions were implemented immediately or within a few years, but a final handful of trade barriers were lifted on January 1, 2008. As a result, North America has become a virtually tariff-free trade zone, and a host of nontariff barriers to international commerce have been eliminated as well. An estimated 14 million American jobs depend on the $3.5 billion in trade that moves across our borders with Canada and Mexico every day. Much of this trade depends directly on NAFTA, which has in turn enhanced the global competitiveness of North American industry in a rapidly changing global economy.
Amid a great deal of misinformation, understanding NAFTA is more important than ever. While the agreement’s impact has at times been exaggerated, it has proven to be one of the most important and beneficial trade agreements in U.S. history. The U.S. Chamber of Commerce urges elected officials and business leaders in Canada, Mexico, and the United States to build on this foundation in the years ahead and consider steps to modernize the terms of trade between our economies to spur economic growth and job creation here at home.
With a two-decade record to examine, it’s plain the North American Free Trade Agreement (NAFTA) has generated substantial new opportunities for U.S. workers, farmers, consumers, and businesses.
• Trade with Canada and Mexico supports nearly 14 million American jobs, and nearly 5 million of these jobs are supported by the increase in trade generated by NAFTA.
• The expansion of trade unleashed by NAFTA supports tens of thousands of jobs in each of the 50 states—and more than 100,000 jobs in each of 17 states.
• Since NAFTA entered into force in 1994, trade with Canada and Mexico has nearly quadrupled to $1.3 trillion, and the two countries buy more than one-third of U.S. merchandise exports.
• The United States ran a cumulative trade surplus in manufactured goods with Canada and Mexico of more than $79 billion over the past seven years (2008-2014). For services, the U.S. surplus was $41.8 billion in 2014 alone.
• NAFTA has been a boon to the competitiveness of U.S. manufacturers, which added more than 800,000 jobs in the four years after NAFTA entered into force. Canadians and Mexicans purchased $487 billion of U.S. manufactured goods in 2014, generating nearly $40,000 in export revenue for every American factory worker.
• NAFTA has been a bonanza for U.S. farmers and ranchers, helping U.S. agricultural exports to Canada and Mexico to increase by 350%.
• With new market access and clearer rules afforded by NAFTA, U.S. services exports to Canada and Mexico have tripled, rising from $27 billion in 1993 to $92 billion in 2014.
• Canada and Mexico are the top two export destinations for U.S. small and medium size enterprises, more than 125,000 of which sold their goods and services in Canada and Mexico in 2014.
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Source: California Chamber of Commerce
The many trade and investment opportunities existing in key Asian markets were the common theme of remarks by senior commercial officers from the U.S. Department of Commerce at a recent forum in San Francisco.
The gathering was hosted by law firm DLA Piper, a member of the California Chamber of Commerce, on March 30. The officers focused on key issues, opportunities, and the business climate of the countries represented.
The U.S. Department of Commerce representatives were: James Golsen, executive director for Asia at the International Trade Administration of the U.S. Department of Commerce; Doug Wallace, senior commercial officer, Australia; Rosemary Gallant, senior commercial officer, Indonesia; Andrew Wylegala, minister-counselor for commercial affairs, Japan; David Gossack, senior commercial officer and commercial minister, Korea; Catherine Spillman, counselor for commercial affairs, Malaysia; and Gregory M. Wong, commercial counselor and senior commercial officer, Thailand.
The 90-member business audience was welcomed by Dean Fealk, partner, DLA Piper and vice chair of the Northern California District Export Council (DEC), together with Deep SenGupta, CEO of DSG Global, LLC and chair of the Northern California DEC. In attendance was Susanne T. Stirling, CalChamber vice president of international affairs, a member of the Northern California DEC and the National DEC Steering Committee. Read more.
San Diego & Imperial DEC was named as the “2016 DEC of the Year” by the U.S. Department of Commerce. Congratulations, thank you for your hard work and contributions to the exporting community!!! Judie Reinke, Deputy Director General, US and Foreign Commercial Service – ITA, has presented the “DEC of the Year” award to the representatives of the San Diego & Imperial DEC at the National DEC Forum in Washington, DC.
In cooperation with the U.S. Department of Commerce, the 2016 National DEC Forum provided an update on the latest trends impacting exports and your DEC. This year’s Forum activities included the following:
- Opening remarks – Philip Pittsford (IL-DEC), Chair Emeritus
- Remarks from the U.S. Department of Commerce – Antwuan Griffin, Deputy Assistant Secretary, for US Operations, U.S. Commercial Service
- Introduction of new officers at National DEC
- Committee annual reports with Q & A and Comments
– Trade and Legislative by Dr. Robert Brown (KY DEC), Chair – Communications & Outreach by Philip Pittsford (IL DEC) – Social Media/website by Dr. Oz Erdem (North-Central West FL DEC)
- Trade Americas Initiative Presentation by Dr. Oz Erdem
- Panel discussion on Trade with the Americas Region
– Dr. Robert Brown – moderator – John Andersen, Deputy Assistant Secretary for Western Hemisphere, U.S. Commercial Service, U.S. Department of Commerce – Philip Pittsford – Dr. Oz Erdem
- Keynote speaker: Judy Reinke, Deputy Director General, U.S. and Foreign Commercial Service, U.S. Department of Commerce
- Presentation of DEC of the Year Award
- ITA Legislative Priorities- Discussion, updates and Q & A
Jordan Haas, Director of Legislative and Intergovernmental Affairs, International Trade Administration, U.S. Department of Commerce