Speakers discuss the strong relationship between the US and Taiwan, the state of the US economy, and federal trade initiatives.

Last week, the California Chamber of Commerce International Trade Forum brought together nearly 200 attendees for a day of presentations on U.S.-Taiwan relations, the U.S. economy, and federal trade initiatives. The event, held on May 8, was attended by representatives from the business community, CalChamber Board members, members of the California consular corps, and foreign economic partners, as well as representatives from foreign, state, local, and federal governments.

The forum featured three distinguished speakers: James Golsen, Deputy Director General of the U.S. Foreign and Commercial Service; Laura Rosenberger, Chair of the American Institute in Taiwan (AIT); and Christopher F. Thornberg, Ph.D., Founding Partner of Beacon Economics. Golsen also presented Jamal Qureshi, President and CEO of JQ American Corporation, with the prestigious U.S. Commercial Service Export Achievement Certificate for his export sale to the Sultanate of Oman. The Commercial Attaché from the Embassy of the Sultanate of Oman in Washington, D.C., Ali Khadra, was in attendance for the presentation.

After a welcome from CalChamber Vice President of International Affairs Susanne T. Stirling, James Golsen provided an overview of the U.S. Department of Commerce (DOC) and highlighted the department’s key global trade initiatives. The DOC currently has 95 embassies and consulates around the world, covering 95% of global GDP. Golsen emphasized the department’s role in helping U.S. companies solve problems and work with companies around the world to invest in the United States.

Some of the DOC’s current initiatives include a focus on the Indo-Pacific region, which is projected to be the biggest contributor to global economic growth with 60% of the world’s population. The department also has a strong presence in China, the third largest export market for the United States, where it works to promote trade and investment in targeted sectors such as consumer goods, environmental technology, and healthcare. Additionally, the DOC is committed to strengthening trade relationships in the Western Hemisphere, where the United States is the top trading partner for more than two-thirds of the region.

The forum provided valuable insights into the current state of international trade and the efforts being made to promote and strengthen global economic partnerships. With the support of organizations like the California Chamber of Commerce, businesses can continue to thrive in the global marketplace. 

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