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AB-923 State government: international trade and investment strategy.(2017-2018)

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Date Published: 04/19/2017 09:00 PM
AB923:v97#DOCUMENT

Amended  IN  Assembly  April 19, 2017
Amended  IN  Assembly  March 28, 2017

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 923


Introduced by Assembly Member Ridley-Thomas

February 16, 2017


An act to amend Section 13996.65 13996.55 of the Government Code, relating to trade agreements.


LEGISLATIVE COUNSEL'S DIGEST


AB 923, as amended, Ridley-Thomas. State government: trade. international trade and investment strategy.
Existing law requires the Director of the Governor’s Office of Business and Economic Development to prepare a description of how a newly proposed international trade and investment office will facilitate an increase of direct foreign investment in California or an increase in California exports, or both. Development, not later than February 1, 2019, to provide to the Legislature a strategy for international trade and investment that includes, at minimum, certain specified information, including, among other things, policy goals, objectives, and recommendations necessary to implement a comprehensive international trade and investment program for the state. Existing law requires that this strategy be updated as specified every 5 years.
This bill would require the Governor’s Office of Business and Economic Development to include within that description an analysis of emerging markets, that this strategy additionally include an analysis and identification of dominant and emerging foreign markets for California goods and services, including, but not limited to to, the state’s top trade partners of Mexico and Canada and potential new markets located in Africa and Caribbean countries. the Caribbean.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 13996.55 of the Government Code is amended to read:

13996.55.
 (a) The Director of the Governor’s Office of Business and Economic Development shall provide to the Legislature, not later than February 1, 2019, a strategy for international trade and investment that, at a minimum, includes all of the following:
(1) Policy goals, objectives, and recommendations necessary to implement a comprehensive international trade and investment program for the state. This information shall be provided in a fashion that clearly indicates priority within the overall strategy.
(2) Measurable outcomes and timelines for the goals, objectives, and actions for the international trade and investment program.
(3) Identification of impediments for achieving goals and objectives.
(4) Identification of key stakeholder partnerships that will be used in implementing the strategy.
(5) Identification of options for funding recommended actions.
(6) Identification of an international trade and investment organizational structure for the state administration of international trade and investment policies, programs, and services.
(7) An analysis and identification of dominant and emerging foreign markets for California goods and services, including, but not limited to, the state’s top trade partners of Mexico and Canada and potential new markets located in Africa and the Caribbean.
(b) (1) The strategy shall be based on current and emerging market conditions and the needs of investors, businesses, and workers to be competitive in global markets. In addition to the policy goals, objectives, and recommendations required pursuant to subdivision (a), the strategy shall include a framework that enables the Governor’s Office of Business and Economic Development to evaluate on an ongoing basis, as appropriate, current workforce, infrastructure, research and development, and other needs of small and large firms, including, but not limited to, highways, airports, and rail that link businesses with the state’s ports of entry and foreign and domestic markets.
(2) The strategy may, to the extent relevant and feasible, be based on existing studies and reports, including, but not limited to, the Goods Movement Action Plan, the California Strategic Workforce Development Plan, the California Export of Recycled Materials Report, the California Five-Year Infrastructure Plan, and the Environmental Goals and Policy Report.
(c) The strategy shall be submitted to the Chief Clerk of the Assembly and the Secretary of the Senate. A copy of the strategy shall be provided to the Speaker of the Assembly, the President pro Tempore of the Senate, and the chairs of the Assembly Committee on Jobs, Economic Development, and the Economy and the Senate Committee on Business, Professions and Economic Development, or the successor committees with jurisdiction over international trade and economic development programs.
(d) The strategy shall be updated pursuant to the procedures of this section at least once every five years.

SECTION 1.Section 13996.65 of the Government Code is amended to read:
13996.65.

(a)The director shall prepare the following:

(1)A budget for the International Trade and Investment Program that includes a separately stated budget for each international trade and investment office. The budget shall provide all the following:

(A)A description of how the International Trade and Investment Program and each individual international trade and investment office will be funded.

(B)A description of staffing levels and the positions needed to operate each international trade and investment office.

(2)A strategy and business plan for the International Trade and Investment Program, developed with input from California businesses that shall include, but not be limited to, measurable goals, objectives, and outcomes and timelines necessary to attract employment-producing direct foreign investment to the state and increase California exports. The strategy and business plan shall include, but not be limited to, all of the following:

(A)A description of the staffing levels and staff expertise needed to operate each international trade and investment office.

(B)A description of monitoring and oversight procedures implemented for the International Trade and Investment Program.

(C)A description of how a newly proposed international trade and investment office will facilitate an increase of direct foreign investment in California or an increase in California exports, or both. The description shall include an analysis of emerging markets, including, but not limited to, markets in African and Caribbean countries.

(3)A written review of the implementation of the prior year’s strategy and business plan for the International Trade and Investment Program that addresses the performance of the program and each international trade and investment office.

(b)The annual budget, the strategy and business plan for the International Trade and Investment Program, and the prior year’s review drafted pursuant to subdivision (a) shall be transmitted to the Chief Clerk of the Assembly, the Secretary of the Senate, the Speaker of the Assembly, the President pro Tempore of the Senate, the chair of the Assembly Committee on Jobs, Economic Development, and the Economy and the chair of the Senate Committee on Business, Professions and Economic Development, or respective successor committees, with jurisdiction over the international trade and economic development programs.