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  • 07 Jul 2015 9:01 AM | Anonymous member (Administrator)

    The following article was originally posted in Bloomberg Law.


    Three Republican presidential contenders July 2 called for an “orderly liquidation” of the Export-Import Bank following the expiration of the bank's charter on June 30.

    Sens. Marco Rubio (R-Fla.), Ted Cruz (R-Texas) and Rand Paul (R-Ky.) sent a letter to the bank's Chairman Fred Hochberg requesting information on Ex-Im's timeline for liquidation and which employees are participating in the liquidation.

    They are also seeking a report on the dissolution of the Ex-Im Bank's board of directors, the plan to return Ex-Im's properties to the General Services Administration (GSA), and how the bank will continue servicing existing Ex-Im loans and obligations that have not matured.

    They were joined in their request by Sens. Mike Lee (R-Utah), Ben Sasse (R-Neb.) and Pat Toomey (R-Pa.).

    Ex-Im's lapsed charter means the bank cannot acquire new obligations or assume new liabilities, or issue new bonds and debts. The agency remains open, however, as a corporate entity “to exercise functions for purposes of an ‘orderly liquidation,’ ” the lawmakers said.

    No Case Law

    But the bank may have broad leeway in structuring any liquidation if in fact Congress does not act to extend its charter later in the summer, as proponents hope. As the Congressional Research Service has noted in past reports on the bank, Section 635f of the Bank's charter offers “little guidance as to what an ‘orderly liquidation’ entails.”

    Specifically, Ex-Im's charter does not address how long the bank may continue to engage in specified permissible functions after its termination—this is a significant omission, according to CRS, the research arm of Congress. CRS has noted that there does not appear to be any case law interpreting “orderly liquidation” as it applies specifically to Section 635f of the bank's charter, which could give the bank considerable discretion in structuring any liquidation.

    The senators asked Hochberg to supply them with the requested information by July 15.

    Democratic lawmakers supportive of the bank and extending its charter are pushing for Republican leadership in the House and the Senate to bring legislation to the floor of both chambers in July but have not received a commitment (126 ITD, 7/1/15).

    Senate Majority Leader Mitch McConnell (R-Ky.) has reportedly said he will allow supporters of the bank to have a vote on extending the bank's charter if they attach their provisions to a highway bill—must-pass legislation—even though McConnell himself does not support plans to give new life to the bank.

    Following MConnell's announcement, the right-leaning lobbying group Heritage Action for America in a July 1 memo, noted that a majority of McConnell's conference still opposes reauthorization as does Senate Banking Committee Chairman Richard Shelby (R-Ala.).

    McConnell's announcement that he will allow a vote “began charting a new course just six months into his tenure as majority leader,” Heritage said. “Out of the roughly 1,285 non-budget resolution amendments introduced this year, only two have been adopted over McConnell's no votes.”


    For the original article, click here.


  • 02 Jul 2015 1:37 PM | Anonymous member (Administrator)

    The following article was originally posted by Catherine Boudreau of Bloomberg Law:


    The livestock and meatpacking industry has largely rejected a Senate draft that would repeal mandatory country-of-origin labeling (COOL) rules for beef and pork and replace them with a voluntary program.


    Congress's first priority should be complete repeal of COOL to ensure Canada and Mexico can't enforce retaliatory measures against the U.S. economy, meat industry representatives said at a Senate Agriculture Committee hearing on June 25. Also, any delays associated with Congress working out a legislative compromise on voluntary labeling creates more uncertainty for U.S. producers, according to leaders from the North American Meat Institute (NAMI), American Farm Bureau Federation (AFBF), the Kansas Livestock Association (KLA) and Archer-Daniels-Midland Co.


    “It's time to go ahead and repeal it and allow industry to realize premiums and not make industry realize cost,” Jaret Moyer, president of the KLA testified. “A purely voluntary label done by industry to realize premiums is a much better way than one brought up through this body.”


    Transparency Sought


    Some livestock operations support a voluntary label in order to protect the integrity of the U.S. meat label and create a more transparent food supply for consumers.


    Leo McDonnell, executive officer and director emeritus for the U.S. Cattlemen's Association (USCA), said his organization wanted COOL in order to distinguish U.S. meat from imports.


    “Half the reason we wanted country-of-origin labeling is because you could [import] a Canadian or Mexican cow, and if they were processed and slaughtered in the U.S., it could be called U.S. beef,” McDonnell said. “There were no definitions for U.S. beef.”


    McDonnell added that if a voluntary program isn't included in legislation this time around, it would be a battle to bring it up again.


    COOL Proposals in Congress


    Lawmakers are working on a solution to a World Trade Organization dispute with Canada and Mexico.


    The WTO ruled for the fourth time last month that COOL, which requires meat packers to indicate on retail packaging where each animal was born, raised and slaughtered, discriminates against imported cattle and hogs.


    Sen. Debbie Stabenow (D-Mich.), ranking member of the Agriculture Committee, proposed draft language that conflicts with a measure (H.R. 2393) the House passed June 10.


    The House bill would repeal COOL rules for beef, pork and chicken and doesn't contain language on a voluntary labeling program at the Agriculture Department, the agency that has implemented COOL since 2009.


    House Agriculture Committee Chairman Michael Conaway (R-Texas) has said he doesn't think the government should get involved in a voluntary COOL program and the industry should create a label if there is demand.


    Canada, Mexico Retaliation


    Canada and Mexico have requested a combined $3.2 billion in retaliatory trade measures against the U.S. if COOL isn't brought into compliance with the WTO decision.


    Canada would target a variety of U.S. goods, including beef, pork, apples, rice, corn, maple syrup, pasta, wine, jewelry, office chairs, wooden furniture and mattresses.


    The U.S. objected to those estimates during meetings with the WTO Dispute Settlement Body (DSB), referring the issue to arbitration that delays—by at least another 60 days—Canada and Mexico's ability to seek sanctions.


    Find the original article here.


  • 25 Jun 2015 11:12 AM | Anonymous member (Administrator)

    By The Denver Post Editorial Board


    Not long after last week's narrow House vote to provide "fast-track authority" for the president to finish a trade deal with nations across the Pacific Rim, Colorado Rep. Ken Buck, a Republican, sent out a fund-raising e-mail touting his opposition.


    "I proudly voted to defeat ObamaTrade ... twice!" Buck declared.


    And why? Because "Obama could use his overreaching trade authority to advance: A radical climate change agenda; Amnesty for illegal aliens; Unpopular gun control laws; Payoffs for big labor."


    This breathtaking series of dangers is both imaginary and unrelated to the actual goals of the Trans-Pacific Partnership (TPP). And the last item, "payoffs for big labor," is particularly ironic.


    Labor unions have been, along with environmental groups, the most tireless and formidable opponents of the trade deal. Labor's opposition explains why so many Democrats, including Colorado Reps. Diana DeGette and Ed Perlmutter, voted against fast-track authority.


    For Buck to claim that a fast-track vote will somehow redound to organized labor's benefit is simply mind-boggling.


    Every president asks for fast-track authority before concluding trade deals. Negotiators can't have Congress demanding changes to a deal involving 11 other countries that took years to finalize.


    If Congress doesn't like the final product, it is free to reject it outright at that time.


    Colorado exports more than $1 billion in agricultural products, and more than $300 million in beef and veal alone — much of which comes from Buck's 4th Congressional District. If anyone should be supporting free trade, it is the freshman congressman.


    Fortunately, three other Colorado House Republicans and one House Democrat, as well as Democratic Sen. Michael Bennet and Republican Sen. Cory Gardner, seem to understand the importance of the TPP, which covers 40 percent of U.S. trade, in breaking down barriers and creating a level playing field for Colorado exporters.


    Indeed, Bennet and Gardner voted again Tuesday on a procedural measure to move fast-track authority forward — with the final vote expected to occur Wednesday. In doing so, they stood by their votes last month.


    The fast-track drama in Congress has gone on long enough. It's time to support expanded trade.


    For the original article click here.

  • 23 Jun 2015 1:51 PM | Anonymous member (Administrator)

    Written by Tyler Rauert
    Newly-Appointed Chair of the WTC Denver Trade Policy Committee


    This morning the US Senate voted to end debate on trade promotion ("fast-track") authority.  The 60-37 procedural motion sets up a vote on final passage of TPA tomorrow.  If the Senate approves, TPA will then be sent to President Obama's desk to become law.  Senators Bennett and Gardner both voted Yes today.


    The Senate voted "yes" on this motion even though it didn't include the Trade Adjustment Assistance (TAA) package for workers displaced by increased trade that was part of the TPA package approved by the Senate in May.  As you may recall, it was that TAA provision that was voted down in the House last week that caused all the drama on this issue.  


    To move TPA forward, the White House and leaders in both chambers broke TAA away from TPA to try to approve both in separate votes.  After the Senate votes tomorrow on final passage of TPA it will take a procedural vote on a package that includes TAA and trade preferences for African countries known as the African Growth and Opportunity Act (AGOA).  Senate leadership promised both bills as well as a customs bill will reach the President's desk by the end of the week.    


    The House has already passed TPA but it still needs to vote on TAA which faces some pretty stiff opposition so its passage is not certain.  The unresolved issue of the Export-Import bank will also likely hover over the 4th of July recess.


  • 16 Jun 2015 10:01 AM | Anonymous member (Administrator)

    CNN Politics recently created a very educational and informative video on the inner-workings of transnational trade agreements, and the importance of both the TPP (Trans Pacific Partnership) as well as Trade Promotion Authority (TPA.)


    To view the video, please click here.

  • 11 Jun 2015 12:38 PM | Anonymous member (Administrator)
    By The Denver Post Editorial Board


    So the Sierra Club's attempt to nudge U.S. Rep. Jared Polis, D-Colo., into opposing the Trans-Pacific Partnership trade deal by running ads praising his concern for climate change didn't work.


    Polis hasn't actually come out for the TPP — but that's because it hasn't been fully negotiated.


    But he's done the next best thing. He's signaled that he supports so-called fast-track authority for the president to finish the agreement with 11 other countries, including Japan, Canada, Vietnam and Australia, to be followed by an up or down vote in Congress.


    And in taking that stance, Polis becomes a sadly rare phenomenon: a progressive Democrat who still appreciates the enormous benefits of expanded trade and the importance of keeping the U.S. in the driver's seat in crafting trade agreements.


    He also becomes a key "yes" vote in the House.


    The Senate passed fast-track authority last month and the House is expected to vote this month, perhaps in the next few days. Most Democrats and a few Republicans oppose it, mainly because of environmental and wage fears. Polis is the only one of Colorado's three Democratic representatives to support fast track at the moment, although Rep. Ed Perlmutter's office says he is still undecided.


    In a recent op-ed in the Daily Camera, Polis noted that the TPP is expected to include "a historically high bar for labor, human rights ... transparency, and enforcement."


    Moreover, he rightly argues, "it's simply not fair that products produced in Japan see an average tariff of only two to three percent when coming into the U.S., but some products like dairy produced in Colorado could see Japanese tariffs as high as 600 percent."


    Contrary to myth, he adds, "98 percent of U.S. exporters are small businesses" that create jobs.


    Congress wouldn't have to approve the TPP once it gives the president fast-track authority. But without it, the president isn't likely to finalize the deal. He should be given authority to proceed.


    For the original article click here.




  • 01 Apr 2015 1:51 PM | Anonymous member (Administrator)

    Greetings, 


    The planning for World Trade Day on May 19th this year is well underway. Today marks one month from the early bird registration rate deadline! Be sure to register now. We are still accepting corporate sponsors for this event, which is the best opportunity of the year to get maximum exposure to Colorado's international business community. We are delighted to be hosting more than 30 international delegates this year as well, who will all be seeking B2B meetings. Stay tuned for opportunities to request individual meetings!

    We also have many other events coming your way leading up to World Trade Day, such as Euro Networking this evening hosted by the Swedes, the Australian Ambassador is coming in next Tuesday, next month is our Next Gen Networking Event and the BIS Export Compliance seminar, and we are pleased to partner with the Embassy of Côte d'Ivoire to welcome the Prime Minister of Côte d'Ivoire and the Minister of Mining at a conference in April.

    We look forward to seeing you all at these events and more!


    Find more information from our newest Trading Post, click here

    Happy Trading!
    WTC Staff

  • 16 Mar 2015 9:31 AM | Anonymous member (Administrator)

    By Spencer Campbell


    The state's so-so export stats hide a booming knowledge-based economy state officials hope to ship overseas.

    Coloradans are good at a great many things (making beer, staying fit, making more beer…), but sharing, it appears, is not among our talents. The Centennial State, owner of the nation’s 18th-largest economy, ranked a middling 34th in commodities exports in 2014 with $8.4 billion, according to the U.S. Census Bureau. That doesn’t seem to jibe with the state’s recent prosperity. Colorado tied Utah for the sixth fastest growing GDP the year before (2014’s data isn’t available yet), and our unemployment rate is well below the U.S. average.

    The paradox comes down to vocabulary. The Census Bureau defines a commodity as a physical good—a “thing” grown, mined, or mass-produced in the state. Colorado’s economy, though, tends to favor services, says James Markusen, a University of Colorado Boulder professor who specializes in trade. This includes fetching Coke refills, sure, but it also means law, architecture, and marketing. And while knowledge (such as the consulting Englewood’s CH2M Hill did on the Panama Canal expansion) is considered a service export as long as foreign money ends up in Colorado wallets, it’s harder to track—which might explain why the Census Bureau doesn’t break service down by state. Fortunately, the Brookings Institution does. The Washington, D.C., think tank’s most recent report on exports ranked Colorado 15th in service exports in 2012 with $11.4 billion. And Stephanie Dybsky of the Colorado Office of Economic Development and International Trade (OEDIT) estimates that figure increased in 2013 and 2014.

    To encourage such growth, OEDIT hopes to help companies whose exports barely register on the Census Bureau’s state rankings gain greater global exposure. Take, for instance, Flylow Gear. The Denver ski apparel company’s revenue has grown to $3 million, the vast majority coming from U.S. sales. Now it wants to expand in Europe because of the growth potential there. But Flylow makes most of its apparel overseas—if it sells more foreign-produced jackets in, say, Norway, the uptick won’t affect Colorado’s trade stats because they weren’t made here and state service exports (for example, the hours spent designing the jackets) aren’t disclosed. But it doesn’t matter how it’s counted: If Flylow’s European sales grow, it has to HIRE people in Denver to do things like coordinate orders. That’s why OEDIT used $20,000 from a federal grant PROGRAM to help send Flylow and four other businesses to February’s Ispo Munich, the most influential outdoor recreation trade show in Europe. OEDIT also led companies to a health-care show in Dubai in January and plans to take more to an Australian mining expo in September. The idea is that although the state’s export numbers might not show it, new foreign markets (and customers) keep Colorado’s economy rolling. And there is vocabulary that reflects this thinking. Says Markusen: “If it ain’t broke, don’t fix it.”

  • 24 Dec 2014 11:00 AM | Anonymous member (Administrator)


    By Aldo Svaldi

    The Denver Post


    If trade relations between the United States and Cuba improve as promised, Colorado firms will be starting from scratch.

    Colorado didn't send any exports to Cuba in 2011, 2012 or 2013. But this October, there was a sale of $4,200 in radio navigation equipment, most likely aviation-related, said Karen Gerwitz, president of the World Trade Center Denver.

    The U.S. government allowed exemptions of its trade embargo against Cuba, which dates back to 1960, for food and medicines and equipment vital to public safety.

    In the past, Colorado firms have sold dairy products, candies and sugar into Cuba, she said. That last item is surprising given Cuba was once the world's largest sugar exporter.

    As to what imports Cuba sends Colorado, the answer is nothing, at least through official channels, Gerwitz said. Of course, the trade numbers don't capture all those mislabeled cigars tourists bring back into the country.

    One of the early opportunities for Colorado exporters could come in the export of communications equipment and services. And if the country rebuilds its infrastructure, Colorado firms likely will have a part to play.

    "It is exciting, and it is time," Gerwitz said. "There is business to be had there."

    For the original article click here 

  • 25 Aug 2014 5:55 PM | Anonymous member (Administrator)

    Title:  Office Manager   

    Hours:  Full Time (40 hours)

    Salary:  $31,000-$35,000 Annually

    Accepting Applications through Sep. 12th, Projected Start Date – September 22, 2014 – Submit cover letter and resume to Karen@wtcdenver.org

    The World Trade Center Denver is a non-profit trade association that facilitates international trade to and from the Rocky Mountain region and connects its members to our global network.  We are seeking a key addition to our staff to help manage the core functions of the office including processing memberships, export documentation, bookkeeping, and administrative support to the Executive Director.  The ideal candidate will thrive under pressure, takes pride in providing seamless support, can juggle multiple tasks while not losing sight of the details, and has a demonstrated passion for furthering international business. 

    • Duties:
    • ·         General Office Management (supplies, services, etc).
    • ·         Ensures Office operations run smoothly, on schedule, and in an organized fashion.
    • ·         Membership Management (track members coming due and issue invoice and adjust database in a timely manner). 
    • ·         Process in a timely and accurate manner Certificates of Free Sale, Certificates of Origin and Foreign Entity Registrations.
    • ·         Event Planning and Support.
    • ·         Bookkeeping and entering data into QuickBooks.
    • ·         Payment processing, maintaining accounts receivable and payable
    • ·         Conduct a monthly reconciliation of all bank accounts to ensure their accuracy
    • ·         Issue monthly financial statements
    • ·         Periodic report filing
    • ·         Maintain the annual budget
    • ·         Produce and maintain event budgeting
    • ·         Grant Administration ( track financials, prepare financial statements/reimbursements monthly, quarterly reporting, budgeting )
    • ·         Manage the Executive Director’s calendar and email correspondence, helping with follow-through, managing contacts, and serving clients with tact and diplomacy.​ 
    • ·         Draft, edit and proofread internal and external correspondence, meeting agendas and presentations. 
    • ·         Provide guidance and mentorship to Interns.
    • ·         Post updates regularly to website.

    Qualifications:
    3-5 years in a similar role

    Bachelor’s Degree or equivalent

    Proficiency in QuickBooks, Excel and Microsoft Office
    Excellence in judgment and communication (both verbal and written) required
    The position requires a high degree of initiative and discretion; knowing when to be assertive and when to be deferential
    Superior organizational, administrative and planning skills required
    Excellence in time management; sharp attention to detail and the ability to learn quickly
    Ability to effectively and diplomatically interact with senior-level contacts with a strong commitment to serving our members’ needs
    Professional, polished, poised, and positive appearance
    Project/Event Management and research skills a strong plus
    Interest in International Business
    Computer savvy and Database experience a plus

    Enthusiastic, motivated, "how can I help" attitude, flexible, and resourceful

    The World Trade Center Denver is an equal opportunity employer and diversity is valued in our organization.

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