Upcoming Event: Discover Global Markets

Indo-Pacific
Opportunities at the Convergence of Aerospace + Defense + Security
Dec. 10-12, 2018 | Salt Lake City, UT

About Discover Global Markets

Discover Global Markets is the U.S. Department of Commerce’s flagship event series for U.S. exporters.

In just a few days, attendees will uncover new exporting opportunities, learn from seasoned exporters, and connect with hundreds of networking contacts.

Sign up for e-mail updates to learn about upcoming events in the Discover Global Markets series.

At Each Discover Global Markets Conference, you will:

  • Meet one-on-one with U.S. Commercial Diplomats visiting from abroad
  • Participate in panel discussions on the latest industry trends
  • Identify new and emerging markets of opportunity ahead of your competition
  • Learn about U.S. export programs designed to cut your time to market
  • Network with U.S. trade officials, leading private sector experts and like-minded U.S. businesses active in overseas markets

Upcoming: 2018 Miss Asia International Pageant Final – Los Angeles

Millennium Biltmore Hotel Los Angeles
506 S. Grand Ave.
Los Angeles, CA 90071
December 8, 2018.
3:00PM

2018 Miss Asian International Pageant

2018 Miss Asian International Pageant USA Final sponsored by the American International Chamber of Commerce will be held at the Millennium Biltmore Hotel Los Angeles at 1:30PM on December 8, 2018.

Entering the Miss Asia International Beauty Pageant can be a very fun and fulfilling experience. This year’s contestants will compete for an amazing array of prizes, including photo shoot packages, scholarships, opportunites in the entertainment industry in modeling and acting, and the prestige of a year-long reign as the title holder of the premier pageants.

In addition to the prizes, contestants will receive various benefits from the sponsors as well as a myriad of opportunities to attend high profile red carpet events in Los Angels, New York, and China, fashions shows, and fundraisers in support of noble charitable organizations. Each contestant will represent their ancestral country in order to promote their culture, tourism and strengthen our bonds though a unity of diversity.

Tickets and RSVP
Phone: 626-675-4918
Miss Asia International Pageant Committee Los Angeles

Upcoming: 2018 Miss Asia International Pageant China Final in Beijing

Crowne Plaza Hotel Beijing Lido
6 Jiangtai Road
Chaoyang District
Beijing, 100016, China
Nov 11th,2018
1:00PM

2018 Miss Asia International Pageant China Final in Beijing

American International Chamber of Commerce ( AICC) will host the 2018 Miss Asia International Pageant China Final in Beijing.

RSVP
Phone: + 8610-8532 4980
Miss Asia International Pageant Committee China

U.S. Secretary of Commerce Announces Henry Childs, II as National Director of the Minority Business Development Agency

Today, U.S. Secretary of Commerce Wilbur Ross announced that Henry Childs, II will be the new National Director of the U.S. Department of Commerce’s Minority Business Development Agency (MBDA). Mr. Childs will be the 17th National Director of the agency.

Established by an Executive Order in 1969, MBDA is the only Federal agency solely dedicated to the growth and global competitiveness of U.S. minority-owned businesses.

“Mr. Childs’ commitment to economic development in minority communities is an unrivaled asset to the Department of Commerce,” said Secretary Ross. “In his new role, I fully expect him to continue to vigorously pursue opportunities and growth for minorities as well as the country as a whole.”

In addition to his appointment as the National Director of MBDA, Mr. Childs serves as the Policy Advisor to the White House’s Office of Public Liaison where he leads the Administration’s outreach to the African American community. He also works closely with the Office of American Innovation on economic development issues for urban areas and urban revitalization.

“I am honored to be selected by Secretary Ross to lead the Minority Business Development Agency”, said Mr. Childs. “I look forward to working with the dedicated team at MBDA as we blaze the agency’s path into the future.”

Prior to his appointment as the National Director of MBDA, Mr. Childs served as the Economic Development Administration (EDA) Senior Advisor and Director of Strategic Initiatives for the U.S. Department of Commerce.

As Senior Advisor and Director of Strategic Initiatives, he provided counsel on economic development and fostered partnerships with other federal agencies as well as national and international organizations. Mr. Childs also oversees the Department of Commerce’s $1 billion in supplemental Congressional funds for disaster recovery and readiness grants after the natural disasters of 2017.

U.S. Department of Commerce Announces Selection of ZTE Special Compliance Coordinator

August 24, Secretary of Commerce Wilbur L. Ross, Jr. announced the selection of Roscoe C. Howard, Jr. to be the Special Compliance Coordinator (SCC) for Zhongxing Telecommunications Equipment Corporation, of Shenzhen, China and ZTE Kangxun Telecommunications Ltd. of Hi-New Shenzhen, China (collectively, ZTE). The Special Compliance Coordinator was selected after a rigorous search by the Bureau of Industry and Security (BIS). This appointment is the result of the historic settlement between the Department of Commerce and ZTE that includes a $1.761 billion fine, a ten-year probationary period, and the installation of the coordinator to conduct regular and comprehensive compliance supervision by a team answerable to BIS.

“Today’s appointment is the continuation of the unprecedented measures imposed on ZTE by the Department of Commerce,” said Secretary Ross. “Mr. Howard is exceptionally well-versed in corporate compliance, having tried more than 100 cases as a federal prosecutor, as well as helping those in the private sector on compliance and ethics issues.”

“I am honored to be selected for this critical role,” said Mr. Howard. “My team and I will be vigilant in efforts to ensure that ZTE complies with all U.S. export control laws and regulations.”

Mr. Howard is a Partner in Barnes & Thornburg’s Litigation Department in Washington, D.C. He is a graduate of Brown University and earned his J.D. from the University of Virginia School of Law. He previously served as the U.S. Attorney for the District of Columbia from 2001-2004. Prior to his appointment, Mr. Howard was a tenured, full professor at the University of Kansas School of Law. He has twice served as an Associate Independent Counsel under both Republican and Democrat Presidents and was an Assistant U.S. Attorney in the District of Columbia and in the Eastern District of Virginia. Howard has served as an Associate Independent Counsel on two occasions. During his first occasion serving as an Associate Independent Counsel, Howard served as a lead prosecutor for the Office of Independent Counsel (OIC) investigating questionable programs, officials and activities at the U.S. Department of Housing and Urban Development under former Secretary Samuel R. Pierce, Jr. During his second occasion serving as an Associate Independent Counsel, Howard was lead trial counsel in the fraud, false statements and gratuities investigation and trial of former Secretary of Agriculture A. Michael Espy.

The Special Compliance Coordinator’s function will be to coordinate, monitor, assess, and report on compliance with U.S. export control laws by ZTE, its subsidiaries, and affiliates worldwide. As stated in the Superseding Agreement and Order, the coordinator will operate with unprecedented access across the company.

In addition to the requirement to retain the coordinator, the Superseding Agreement and Order imposed a $1.761 billion monetary penalty, a ten-year conditionally-suspended denial order, which BIS can activate in the event of additional violations during the ten-year probationary period, and a requirement that ZTE replace the entire board of directors and the senior leadership of the company.

BACKGROUND:

On April 15, 2018, BIS activated the seven-year conditionally-suspended denial order against ZTE in response to ZTE’s admission that it made false statements to the U.S. Government during the probationary period when the company falsely stated that it would or had disciplined numerous employees responsible for the violations that led to the March 2017 settlement agreement. ZTE instead rewarded that illegal activity with bonuses. This action followed the March 2017 settlement agreement, in which ZTE agreed to a then record-high BIS civil penalty of $661 million, after engaging in a multi-year conspiracy to supply, build, and operate telecommunications networks in Iran using U.S.-origin equipment in violation of the U.S. trade embargo, and committing hundreds of U.S. sanctions violations involving the shipment of telecommunications equipment to North Korea. Moreover, ZTE also made false statements and obstructed justice by creating an elaborate scheme to prevent disclosures to and mislead the U.S. Government. In addition to monetary penalties, ZTE had agreed to a seven-year suspended denial of export privileges.

The Department of Commerce’s Bureau of Industry and Security is the principal agency involved in the implementation and enforcement of export controls for commercial technologies and many military items. The BIS Office of Export Enforcement detects, prevents, investigates, and assists in the sanctioning of illegal exports of such items.

“SWISSNEX China’s “BlockChain In Fintech” Seminar

Beijing – The Embassy of Switzerland in China hosted a variety of events during Swiss national holidays. Among them, the afternoon session on Friday July 6th 2018 was a special seminar for the 4th Industrial Revolution era. It is no exaggeration to say that the 21st century is the age of the Fourth Revolution.

The Fourth Industrial Revolution is a new industrial age in which the physical world, the digital world, and the biological world are merged, affecting all areas of economy and society. The fourth industrial revolution, following the mechanization of the first industrial revolution, the mass production of the second industrial revolution, and the informationization of the third industrial revolution, are the physical arts Internet (IoT), robotics, virtual reality (VR) Innovative technologies like the present and future mean the present and the future that change the way we live and work.

Since the Fourth Industrial Revolution, most of the information we have today is electronicized, shared on the Internet, and digitized. As a result, personal information leakage and the resulting currency trading accidents often occur.

The technology that was born to solve these tough problems is the ‘block chain’. A block chain is a distributed data storage technology that transparently records transactions on a book that anyone can read, and replicates and stores them on multiple computers.

Several computers verify the record to prevent hacking. The principle of this block chain is as follows. It is a distributed data storage technology that stores data in a block, connects it in a chain form, replicates it to many computers at the same time and stores it. It is also called a public transaction book. Instead of keeping a record of transactions on a centralized server, it sends transactions to all users participating in the transaction, and every transaction participant is prevented from sharing or sharing information and counterfeiting or tampering with data.

Embassy of Switzerland in China held a seminar on how to use this ‘block chain’ to host this seminar to showcase how to apply block chains in business, as well as establishing a business network for mutual business. The panel of the event was attended by Donald Haudenechild, president of Swisscom Blockchain and university professor, and Elaine Shi, an expert in the block chain. Each panel had an in-depth discussion of the strengths and weaknesses of the block chain, as well as discussing future directions.

The AICC was also invited to share their business information and shared their experiences with these events. In addition to the block chained seminar, the Swiss National Day event also provided an opportunity to experience various products such as clocks, fountain pens, drinks.

by Jeeyoun Lee

Secretary Wilbur Ross Concludes SelectUSA Investment Summit with $600 Million Announced in New Deals, Supporting 650 U.S. Jobs

WASHINGTON – June 22, U.S. Secretary of Commerce Wilbur Ross concluded the fifth SelectUSA Investment Summit. More than 3,000 people attended this year’s Summit, including 1,200 business representatives from 66 foreign markets, and economic development organizations (EDOs) from 51 U.S. states and territories. During the event, Secretary Ross was joined by 10 Governors, five Cabinet secretaries, as well as executives from Mercedes-Benz US International, Siemens USA, and Toyota Motor North America.

“SelectUSA continues to be the premier event for international companies looking to enter American markets,” said Secretary Ross. “With millions in investments announced over the past few days, hundreds of American jobs will be created in communities across the country. Clearly, under the leadership of President Donald J. Trump, the United States continues to be the best place in the world for foreign investment.”

During this year’s Summit, four international companies, JSW Steel, NewCold, Re:Cognition Health, and Weastec, announced expansions in the United States, projects worth more than $600 million and creating approximately 650 new jobs. In addition, this year’s event included more than 2,700 individual matchmaking meetings among the companies and EDOs in attendance.

Past attendees of SelectUSA have announced nearly $93 billion in new investment projects, which support 140,000 American jobs.

Secretary Ross also unveiled a report on the immense benefits rural communities have received from foreign direct investment (FDI) – just since 2003 the value of greenfield FDI in nonmetro areas has totaled nearly $56.8 billion.

The 2018 Investment Summit focused on several issues affecting FDI in the United States, including infrastructure, tax reform, deregulation, advanced manufacturing, and the burgeoning commercial space industry.

Secretary Ross announced that the 2019 SelectUSA Investment Summit is planned for June 10-12, 2019.

About SelectUSA

The U.S. Department of Commerce-led SelectUSA program promotes and facilitates business investment into the United States by coordinating related Federal government agencies to serve as a single point of contact for investors. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps investors find the information they need to make decisions, connect to the right people at the local level, navigate the Federal regulatory system, and find solutions to issues related to the Federal government.