Membership

California Lieutenant Governor Eleni Kunarakis presented a Certificate of Recognition to the AICC for its participation in the CIFTIS 2021

AICC Business, China, Entrepreneur, Event, Fair, Home, Membership, Services, Trade, USA

California Lieutenant Governor Eleni Kounalakis presented a Certificate of Recognition to the American International Chamber of Commerce (AICC) on September 2 and thanked the AICC for its participation in hosting the California Pavilion and Investment Trade Forum at the China International Trade in Services (CIFTIS) 2021.

“It is with great pleasure to recognize you and your leadership your role as Executive Chairman of the American International Chamber of Commerce (AICC),” Lieutenant Governor Eleni Kunarakis wrote on the Certificate of Recognition, “Thank you for representing the AICC as the host of the California Pavilion and Forum in the International Trade and Service Fair in Beijing, China.”

“I am very pleased that Lieutenant Governor Eleni Kunarakis of California today presented the Certificate of Recognition to AICC, and I thank the State of California for reaffirming the work of the AICC,” said Holmes Stoner, Chairman of the American International Chamber of Commerce, on September 2nd, “Under the current economic and trade environment between the United States and China, it is of special significance for the California government to recognize and award the work of the AICC in China. We always believe that foreign enterprises will have more development opportunities and broader development space and benefit more from cooperating with California enterprises or investing in California. For a long time, we have focused on promoting California’s cooperation with Provinces and cities in China, which has achieved sustainable and productive results and won praise and praise from our partners and member companies. We are willing to continue to strengthen interaction and provide services for Chinese enterprises and entrepreneurs, and work together for mutually beneficial development.”

“We are grateful to the State of California and Lieutenant Governor Eleni Kunarakis for their support of our project,” said Jason Quin, Executive Chairman of the AICC, “CIFTIS is the largest fair of trade in service in the world. The AICC is willing to provide effective services to American businesses participating in the CIFTIS. Through the excellent platform of CIFTIS, the AICC will continue to promote the image of participating companies, enhance their brands, and promote business development. Actively provide follow-up services for Chinese enterprises and entrepreneurs to invest and do business in California after the conference, and provide practical docking of investment and trade business for our members and customers.”



Readout of Secretary Raimondo’s Call With Indian Ambassador Taranjit Sandhu

AICC Business, Home, Investment, Membership, News and Press, Trade, USA

August 23, Secretary Raimondo spoke with the Indian Ambassador to the United States Taranjit Singh Sandhu to discuss the U.S.-India commercial relationship. During their meeting, Secretary Raimondo and Ambassador Sandhu underscored the importance of this commercial relationship and their commitment to growing business ties in support of the broader strategic relationship. They discussed scheduling the U.S.-India CEO Forum and U.S.-India Commercial Dialogue and the rescheduling of the U.S.-India High Technology Cooperation Group meeting. They also discussed U.S.-India technology collaboration and improving digital economy policies to strengthen that collaboration.

U.S. DEPARTMENT OF COMMERCE INVESTS $915,120 IN CARES ACT RECOVERY ASSISTANCE TO SUPPORT TRAVEL AND TOURISM SECTORS IN LAS VEGAS, NEVADA

AICC Business, Government, Home, Investment, Membership, News and Press, Travel, USA

WASHINGTON – August 19, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $915,120 CARES Act Recovery Assistance grant to the Nevada System of Higher Education, Las Vegas, Nevada, to support the post-pandemic revitalization of Nevada’s travel and tourism sectors. This EDA grant, to be matched with $228,780 in local investment, is expected to create 13 jobs and retain 120 jobs.

“The Economic Development Administration is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the coronavirus pandemic,” said Maiea Sellers, Acting Director of EDA’s Seattle Regional Office. “This EDA investment will support the University of Nevada at Las Vegas’s Hospitality and Entertainment COVID-19 Labs in providing business resilience consultation to small and medium-sized enterprises in the region.”

“I’m so glad to see the University of Nevada, Las Vegas get these EDA funds to support programs to revitalize our hard-hit tourism and travel industry,” said Senator Catherine Cortez Masto. “This is exactly why I worked so hard to advocate for these resources to aid Nevada, so that states like ours that depend on these industries would have the support they need to recover from the pandemic.”

“Travel and tourism play a critical role in the success of Nevada’s economy,” said Senator Jacky Rosen. “During the COVID-19 pandemic, these key industries were hit hard, resulting in business closures, job losses, and economic hardship for Nevada’s communities. In the Senate, in my role as Chair of the Senate Subcommittee on Tourism, Trade, and Export Promotion, I have been committed to reviving travel and tourism in Nevada. I am glad to see that this Economic Development Administration grant – funded through the CARES Act, which I proudly supported – will help restore our state’s travel, tourism, and hospitality sectors to their pre-pandemic vitality. I will continue working to ensure that Nevada and its industries have the resources they need to fully recover from the challenges of this pandemic.”

“As the Chair of the Subcommittee on Economic Development, I am proud of my work to secure these dollars in support of Southern Nevada’s economic recovery,” said Congresswoman Dina Titus (NV-01). “UNLV has one of the nation’s premiere hospitality programs, and these grant dollars will further support our travel and hospitality small businesses as they navigate the challenges posed by the coronavirus pandemic.”

This project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136 PDF), which provided EDA with $1.5 billion for economic assistance programs to help communities prevent, prepare for, and respond to coronavirus. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance(EAA) (PDF) program, provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic.

Holmes Stoner Address at Holistic Approach to Ending Homelessness：Dignifying the Needy

AICC Business, Home, Membership, News and Press, UN, Video

New York 14 Feb, Holmes Stoner, Chairman of the American International Chamber of Commerce attended and spoke at a Dignifying the Needy (CSocD58 Side Event) of United Nations conference in New York on 14 February.

The government interventions approach to ending homelessness mainly centers on quick-fix solutions of moving people experiencing homelessness into independent and permanent housing shelters, but it is important to address these complexities together when considering methods of addressing homelessness, as one strategy does not apply for every community. Affordable housing and social protection can have a tremendous impact in addressing homelessness.

For this purpose, the Side Event will Review the inter-connectedness between homelessness and poverty and health and well-being of homeless individuals or people at risk of it as well as explore options for reducing youth that is at risk of human trafficking, drug abuse, or broken homes; Elaborate on the importance of focusing on the various ways to contribute to ending homelessness, with a focus on individual roles because every contribution to supporting the cause counts; Highlight the critical importance on the preventative framework.

Holmes Stoner, Chairman of the American International Chamber of Commerce (AICC), has joined  the AICC executive team, where he will serve as senior advisor to Chief of Ecodomika Steel Structures, On behalf of the entire organization, He is grateful to Jason Quin for his years of service to the American enterprise and business people and congratulate them on this global business opportunity to continue in that calling.

Jason Quin, AICC’s Executive Chairman, will now perform the duties of the American export, economic development and membership services with Holmes Stoner and the AICC team.

Stoner said, that we were long supported and participated in UN economic cooperation and development projects, including the development and investment of steel composite housing, and implemented and carried out investment cooperation in a wider range of fields around the world to support the innovation, development and growth of member enterprises project.

The fifty-eighth session of the Commission for Social Development (CSocD58) will take place from 10 to 19 February 2020. The Commission is the advisory body responsible for the social development pillar of global development.

In 2020, we are celebrating the 75th anniversary of the Commission and the 25th anniversary of the Copenhagen Declaration on Social Development. 2020 is a crucial year for the accelerated realization of inclusive societies and reducing inequalities everywhere for people of all ages.

The Dignifying the Needy (CSocD58 Side Event) priority theme on Affordable housing and social protection systems for all to address homelessness this year.

  •  Opening of the session
  •  Election of officers
  • Adoption of the agenda and other organizational matters – Item 2 – E/CN.5/2020/1
  • Follow-up to the World Summit for Social Development and the twenty-fourth special session of the General Assembly – Item 3
  • Priority theme: affordable housing and social protection systems for all to address homelessness – Item 3 (a) – E/CN.5/2020/2, E/CN.5/2020/3
  • Review of relevant United Nations plans and programmes of action pertaining to the situation of social groups – Item 3 (b) – A/75/61-E/2020/4, E/CN.5/2020/4
  • Emerging issues: twenty-five years of the World Summit for Social Development: addressing emerging societal challenges to the implementation of the 2030 Agenda for Sustainable Development – Item 3 (c) – E/CN.5/2020/5
  • Introductory statements
  • General discussion on item 3 (a) and (b)

Celebrating the Lunar New Year!

AICC Event, Home, Membership, Programs, Services

Best wishes to all our friends around the world. Celebrating the Lunar New Year on January 25, 2020

Presidential Delegation to Switzerland to attend the World Economic Forum

AICC Economic, Event, Home, Information, Membership

WASHINGTON– President Donald J. Trump announced the Presidential Delegation that will attend the World Economic Forum in Davos-Klosters, Switzerland, from January 20 to January 24, 2020. Steven Mnuchin, Secretary of the Treasury, will lead the delegation.

Members of the Presidential Delegation:
Steven Mnuchin, Secretary of the Treasury (Lead)
Wilbur Ross, Secretary of Commerce
Eugene Scalia, Secretary of Labor
Elaine Chao, Secretary of Transportation
Robert Lighthizer, United States Trade Representative
Keith Krach, Under Secretary for Growth, Energy and the Environment, Department of State
Ivanka Trump, Assistant to the President and Advisor to the President
Jared Kushner, Assistant to the President and Senior Advisor to the President
Christopher Liddell, Assistant to the President and Deputy Chief of Staff for Policy Coordination

U.S. and World Populations on New Year’s Day

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As the nation prepares to ring in the new year, the U.S. Census Bureau projects the U.S. population will be 330,222,422 on Jan. 1, 2020. This represents an increase of 1,991,085, or 0.61%, from New Year’s Day 2019. Since Census Day (April 1) 2010, the population has grown by 21,476,884 or 6.96%.

In January 2020, the United States is expected to experience one birth every eight seconds and one death every 11 seconds. Meanwhile, net international migration is expected to add one person to the U.S. population every 34 seconds. The combination of births, deaths and net international migration will increase the U.S. population by one person every 19 seconds.

The projected world population on Jan. 1, 2020, is 7,621,018,958, an increase of 77,684,873, or 1.03%, from New Year’s Day 2019. During January 2020, 4.3 births and 1.9 deaths are expected worldwide every second.

The Census Bureau’s U.S. and World Population Clock simulates real-time growth of the United States and world populations at  <www.census.gov/popclock>.

U.S. Economy Increases at a 2.1% Pace in the Third Quarter

AICC Economic, Home, Information, Membership, News and Press

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “second” estimate released in November. In the second quarter, real GDP rose 2.0 percent.

GDP highlights

The third-quarter increase in real GDP reflected increases in consumer spending, government spending, housing investment, and exports, while business investment and inventory investment decreased. Imports, which are a subtraction in the calculation of GDP, increased.
The increase in consumer spending reflected increases in both goods (notably recreational goods and vehicles as well as food and beverages) and services (led by other services, notably personal care and legal services, as well as housing and utilities). The increase in government spending reflected increases in federal and in state and local government spending.

The decrease in business investment reflected decreases in structures (led by mining exploration, shafts, and wells) and in equipment (notably aircraft as well as computers and peripheral equipment).

Updates to GDP

While overall GDP growth was unrevised from the second estimate, upward revisions to consumer spending and business investment were offset by a downward revision to inventory investment.

Corporate profits from current production

Profits decreased 0.2 percent at a quarterly rate in the third quarter after increasing 3.8 percent in the second quarter. Corporate profits decreased 1.2 percent in the third quarter from one year ago.

Profits of domestic nonfinancial corporations decreased 0.5 percent after increasing 3.2 percent.
Profits of domestic financial corporations decreased 1.1 percent after increasing 0.6 percent.
Profits from the rest of the world increased 1.0 percent after increasing 7.7 percent.

Upcoming Event: Asian Financial Forum

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Asian Financial Forum
January 13-14, 2020
Wan Chai, Hong Kong
Hong Kong Convention & Exhibition Centre

  • Participate in Deal Flow Matchmaking Session’s, one-on-one meetings.
  • Meet project owners, private equity firms, investors, high net-worth individuals, and senior professionals from intermediaries and professional service providers.
  • Contact AICC: usa@aiccus.org
  • Contact U.S. Commercial Service: Peter Sexton