(1) If the target 2nd Gen CloudSQL DB already has databases, you want to drop them before importing or reimporting the 1st Gen CloudSQL databases (useful if you're repeatedly testing this). The next 2 statements create a file with all DBs to be dropped and then drops them.
mysql -u tisadmin -p -h IP_ADDRESS_2nd_Gen_CloudSQL_DB -e "show databases" | grep -v Database | grep -v mysql| grep -v information_schema| grep -v performance_schema |gawk '{print "drop database " $1 "; select sleep(0.1);"}' > dbsToBeDropped.sql
mysql -u tisadmin -p -h IP_ADDRESS_2nd_Gen_CloudSQL_DB < dbsToBeDropped.sql
(2) Update the CloudSQL 2nd Generation Engine to have privileges you had in 1st Gen
gcloud auth login
gcloud config set project [project-id]
gcloud sql instances patch [2ndGenCloudSQLInstance] --database-flags log_bin_trust_function_creators=ON
(3) Export from 1st Gen CloudSQL Instance with flags
mysqldump -u tisadmin -p -h IP_ADDRESS_1st_Gen_CloudSQL_DB --hex-blob --skip-triggers --default-character-set=utf8 --databases "Channel_MASTER" "sequence" "dmm_old" "BusinessDataStandards" > dev-backup-20170307a.sql
(4) Import into 2nd Gen CloudSQL
mysql -u tisadmin -p -h IP_ADDRESS_2nd_Gen_CloudSQL_DB < dev-backup-20170307a.sql
References:
https://cloud.google.com/sql/docs/mysql/import-export/creating-mysqldump-csv#mysqldump
DETERMINISTIC, NO SQL, or READS SQL DATA in its declaration and binary logging is enabled