Volume 48 I September 2024 | |
Where Europeans & Americans Connect to do Business | |
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NEWSLETTER
September 2024
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New Transatlantic Trade Data Available | |
Click on the image to find out more about the EU-U.S. trade relationship, state by state. | |
SUCCESS for the Inaugural Meeting of EACC Florida’s New Task Force
Transportation, Logistics & Customs
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On August 21, 2024, EACC Florida held the Inaugural Meeting of its new Task Force Transportation, Logistics and Customs. The event, hosted by EACC Florida Member CLASQUIN USA at their new offices in Doral, brought together a group of experts and industry leaders to discuss critical best practices for the safe and compliant transport of goods, both maritime and beyond.
After a few words of introduction by EACC Florida Executive Director Christina Sleszynska and EACC Florida Vice-President Scott Bettridge (Cozen O'Connor), the interactive discussion, led by Kurt Lunkenheimer, a former federal prosecutor and part of Cozen O’Connor‘s team in Miami, delved into key insights for manufacturers, exporters, freight forwarders, and logistics companies.The topic of this first event was “Know Your Cargo: Reinforcing Best Practices to Ensure the Safe and Compliant Transport of Goods in Maritime and Other Forms of Transportation”. Issues discussed included Know Your Customer and Know Your Cargo, due diligence in researching sellers, buyers and intermediaries, payments for goods, remaining on top of new rules such as slave labor, and more.
Attended by EACC Florida Members and a few invited Friends, this first event reached its stated objective: to start developing a space with a transatlantic focus where companies and professionals from this industry can exchange about specific issues at expert level and share best practices.
The next meeting will be held on Wednesday November 13. The Task Force will now get back to work and start planning the next event! Stay tuned!
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2024 is shaping up to be a year of political change across Europe and possibly in the United States with deep implications on transatlantic trade policy.
The European Parliament elections in June saw far-right parties make gains, although centrist parties will retain their parliamentary majority. Whereas the snap parliamentary elections in France resulted in further far-right advances, both the Left and President’s Macron’s centrist coalition made a surprise come-back. This further complicates the French President’s capacity to govern with wide implications for European Union policies. In London, the general election on July 4 produced a substantial majority for the Labour Party after 14 years of conservative rule. And in the United States, trade policy will be among the biggest issues to watch depending on which candidate wins the presidential election.
This program will consider the possible impact of these elections on transatlantic trade with a special focus on France, the UK, the EU and the US.
TOPICS FOR DISCUSSION
- Economic outlook in Europe and the US
- How will the new political majorities in place in the EU, France and the UK impact transatlantic trade policy?
- What would their impact be on the commercial regulatory environment, including on US businesses already operating in Europe or considering investing there?
- What changes can we expect in the UK’s trade policy with the US in general and US States in particular?
- What is the UK-Florida Memorandum of Understanding and how is it being implemented?What could be the implications of a Trump or Harris Presidency on transatlantic trade and business?
SPEAKERS
- Rufus Drabble, British Consul General in Miami
- Everett Eissenstat, Partner - Squire Patton Boggs
- Michaelangelo Margherita, Head of Trade, Agriculture and Digital Economy - Delegation of the EU to the U.S
- Sylvain Perret, Founder - Objectif USA
- Peter Stratos, Principal - Kaufman Rossin [Moderator]
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September 12 -
8.30AM - 3.30PM
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MIA Office of Protocol I Miami Protocol Workshop. Designed to provide a glimpse into the world of protocol, this workshop will offer an overview of a variety of protocol topics. Anyone who performs protocol related functions and manages high-level guests or delegations would find the workshop interesting and beneficial. Info here.. | |
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September 19 -
10.00AM - 11.00AM
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WEBINAR I Doing business in the United States: what you need to know about import customs issues. Organized as part of the Europe Enterprise Network webinar series ‘Embracing global markets’. Details here. | | |
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LeverX I LEVEREDGE 2024 in Miami. EACC Florida Members are cordially invited to attend the Premier Technology Conference, LEVEREDGE 2024, taking place in Miami, Florida. Special benefits apply. Click here for details. | |
October 15 - 09.00AM-11.00AM | | |
ONLINE i European Commission, DG ENER I Workshop: Import requirements of the EU Methane Regulation. Info here. | | |
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Tech for Logistics Trade Mission I As part of a trade mission to Miami on 23-25 October organized by the UK Department for Business &Trade, EACC Florida will hold a seminar for a group of UK trade in logistics companies as part of its "Why Florida? What Business Leaders Need to Know when Considering Expanding into the US/Florida" series. The seminar will be followed by a Networking Reception for Members and Invited Guests. Info. | | |
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EU I Commission Welcomes Text of Global E-Commerce Agreement Negotiated at the WTO I The publication follows five years of dedicated negotiations by over 90 WTO Members. Once integrated into the WTO legal framework, the E-commerce Agreement will be the basis for global rules on digital trade among a broad range of WTO Members. Read more.
ECB I The effectiveness and Transmission of Monetary Policy in the Euro Area. Contribution by Philip R. Lane, Member of the Executive Board of the ECB, to the panel on “Reassessing the effectiveness and transmission of monetary policy” at the Federal Reserve Bank of Kansas City Economic Symposium. Read here.
ESMA I Transltion of Guidelines on Fund's Names Published. The objective of the Guidelines is to ensure that investors are protected against unsubstantiated or exaggerated sustainability claims in fund names, and to provide asset managers with clear and measurable criteria to assess their ability to use ESG or sustainability-related terms in fund names. Read more.
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FED I Federal Reserve Board Announces Final Individual Capital Requirements for all Large Banks. Following its stress test earlier this year, the Federal Reserve Board on Wednesday announced final individual capital requirements for all large banks, effective on October 1. Read more.
EU - Venezuela I Statement by the High Representative on behalf of the EU on recent post-election developments. Read here.
EU - Guatemala I Statement by the Spokesperson on the latest actions by the General Prosecutor’s Office. Read here.
IMF I Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help. Crypto mining and data centers now account for 2 percent of global electricity use and nearly 1 percent of global emissions, and their footprint is growing. Read more.
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Thought Leadership
MEMBER and PARTNER INSIGHTS
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Britain’s Renowned Higher Education Institutions Face Financial Headwinds, Potential Insolvency. Many higher education institutions in the UK face an existential crisis, and absent private investment or government intervention, insolvency may be a realistic possibility for universities up and down the country, which in turn will have a knock-on effect on the PBSA market. Read more.
US Department of State Announces Annual Limit Reached in EB-5 Unreserved Category. The U.S. State Department and U.S. Citizenship and Immigration Services announced that they have issued all legally available visas in the unreserved EB-5 Immigrant Investor Program categories for Fiscal Year 2024. Embassies and consulates have been directed to not issue immigrant visas in these categories until the new fiscal year (FY 2025) starts on Oct. 1, 2024. Read more.
Drafting of Corporate and M&A Documents for 2024 Delaware General Corporation Law Amendments. The 2024 amendments to the General Corporation Law of the State of Delaware (the DGCL) have been signed into law and will become effective August 1, 2024. These amendments address issues that arose in recent decisions by the Delaware Court of Chancery and relate to foundational issues of corporate law. Read more.
Compliments Greenberg Traurig
Forming a Partnership/LLC: A Checklist for Avoiding Pitfalls. Forming a partnership1 without triggering income appears straightforward and simple. In many cases, it is. In other cases, though, forming a partnership can cause one or more partners to unintentionally recognize income. This Alert identifies and describes common income triggering factors and events that can arise in forming a partnership. Aware of these factors and events, businesses and their managers can avoid unintended tax consequences. Read more.
Public-Private Partnerships: New Opportunities, New Risks. The article discusses the rising trend of public-private partnerships to finance, build, and maintain large infrastructure projects and covers trends in the United States, the key benefits and opportunities of delivery models, and the challenges and legal considerations for these projects. Read more.
Compliments Cozen O'Connor
Deadline approaching: Key Form N-PX reporting requirement for investment advisers. There is a new reporting obligation pertaining to Form N-PX for investment advisers who are required to file a Form 13F with the SEC. Historically, Form N-PX only applied to investment companies. However, new Rule 14Ad-1 under the Securities Exchange Act of 1934 (Exchange Act) requires institutional investment managers filing reports under Section 13(f) of the of the Exchange Act to report their say-on-pay and say-on-frequency proxy voting records for the 12-month period ending June 30th of the calendar year in which the manager made its initial Form 13F filing. While these amendments to Form N-PX were adopted by the SEC back in November 2022, the first filing deadline stemming from these amendments is fast approaching. Read more.
A proactive approach to tax preparation can help minimize your tax bill and allow for more flexibility in planning. The article lists a few considerations to keep in mind and action items to address for your business as you plan for the remainder of the 2024 tax year. Read more.
Compliments Kaufman Rossin
Transatlantic Business and Trade: Steering Through Economic, Monetary Policy, Political Change. As we progress through 2024, political dynamics, evolving monetary policies, and ongoing adjustments in major economies like the United States and Europe will shape the global economic landscape. These factors will influence transatlantic trade, regulatory environments, and the broader business climate. Read more.
Compliments Novus INK
Warehouse as a Service: The Future of Inventory Management for Tech and AI Manufacturers in Emerging Markets. The tech and AI market in emerging economies is experiencing unprecedented growth. As tech and AI manufacturers look to expand into these burgeoning markets, efficient and scalable inventory management becomes crucial. This is where Warehouse as a Service (WaaS) steps in, offering a transformative solution in compliant shipping, storage, and customs clearance across 200 destinations globally, including emerging markets. Read more.
Compliments TecEx
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YOUNG VOICES FROM THE FUTURE | |
EACC Florida is giving a voice to the Z Generation, the Young Voices from the Future who have already started shaping the world that they will be living in. Read about a young person – a student, an artist, an entrepreneur, an athlete – whose identity, vision, project, achievement illustrates the vibrancy of Florida’s transatlantic community in our EACC Florida Newsletter and on our website. If you would like to suggest someone to be featured, please contact Christina Sleszynska at [email protected]. | |
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Olivia Zukowski
A Polish American Aspiring Young Lawyer
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Olivia Zukowski is 24. She was born in June 2000 in Białystok in Eastern Poland close to the Russian border. Her parents escaped Communist Poland in the 1980s, moved to the United States and became US citizens. They returned to their homeland after the Fall of the Berlin Wall in 1998 but decided to move back when their daughter was 4 years old. She has no siblings.
Olivia grew up on Long Island as a slightly nerdy girl. She excelled in school especially in STEM subjects, played beach volleyball, went to Polish school on Saturdays and wanted to become a doctor.
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She has dual US-Polish citizenship, is almost fluent in Polish, speaks some French, has traveled to different countries in Europe and returns to Poland from time to time to visit with family and friends. And eat her favorite Polish dish: pierogis.
She loves languages, her diverse environment, and being outdoors, choosing to go to college at the University of Miami where she got a BA in Ecosystem Science and Policy and Political Science and an MA in Public Administration. She is now at the UM School of Law and particularly enjoys working on issues at the intersection of policy and law. She lives in Brickell, a neighborhood she loves.
She hopes to pass the Florida Bar in the summer of 2025 and will move to Tampa, near where her parents now live, with a job as Business Litigation Associate at Carlton Fields waiting for her.
| “Be the change you want to see in the world.” | | | |
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EACC Florida is delighted to welcome Bakerly as a Corporate Member !
The Bakerly story began with the founders Julien and Fabian, two “Bretons” from Northwestern France, who combined their passion and love for good food to create a happy company.
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Today, the company offers a wide range of baked goods made from delicious, premium, and authentic recipes that use only real ingredients. The goal is simple: create high quality bakery products, identical to those that Julien and Fabian enjoyed as children in France!
The corporate offices are based in Miami FL, and the first facility was built in Easton, PA. Bakerly just opened a 2nd factory, in San Antonio, TX.
Info: https://bakerly.com/pages/about-us
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NOW is the Perfect Time to Join!
Recommend EACC Florida to a Client or Business Partner
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EACC is a Connector
We open doors for our members across our chapter network on both sides of the Atlantic and we keep you informed on the relevant issues affecting your business.
Members of the EACC network enjoy:
♦ Access to our network of high-level business executives & our unique referral service
♦ Invitations to exclusive seminars & a direct exchange with transatlantic experts
♦ Visibility for your organization & opportunities to showcase your thought-leadership
♦ The ability to make a difference & actively engage in the Trans-Atlantic business dialogue
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Meet the EACC Network
Our Members are Part of Something Bigger
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Together with its sister chapters, EACC Florida is part of a growing and highly dynamic transatlantic network reaching over 10,000 executives in the US and across Europe. With over 750 members, the EACC is a valuable resource for any size business. If you would like to get involved, let us know.
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Founding Members / President's Circle | | | | |
