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MBDA Hannover Messe Delegation Spotlight: Aimtek, Inc.

Blogged By: 
MBDA
Created on April 21, 2016
 

Ed. note: This post is part of a series highlighting the upcoming Hannover Messe Trade Show April 25—29, 2016. This series will highlight U.S. minority-owned business that will join the MBDA Hannover Messe delegation.

Amar KapurHeadquartered in Auburn, Massachusetts, Aimtek, Inc. provides metal joining products and services to the aerospace, power generation, defense, and manufacturing industries. In 2013, the company celebrated its 40th anniversary. Amar Kapur, the President and CEO, founded the independently owned company in 1973.

Recently, Aimtek has experienced increased revenue in exporting, resulting in added jobs. By participating in Hannover Messe, the company hopes to further Aimtek’s exporting reach, as well as expand its overall global footprint.

Like many business owners, Kapur also plans to leverage the vast networking opportunities Hannover Messe provides, as well as identifying new opportunities to expand its licensing of manufactured products within the U.S. Kapur is seeking to form new joint ventures and alliances with other countries in attendance as well.

To prepare for Hannover Messe, Aimtek, Inc. has participated in several MBDA-sponsored tradeshows, seminars, and networking events, as well as in one-on-one meetings with several directors of local MBDA business centers.

MBDA Hannover Messe Delegation Spotlight: Menawat & Co.

Blogged By: 
MBDA
Created on April 20, 2016
 

Ed. note: This post is part of a series highlighting the upcoming Hannover Messe Trade Show April 25—29, 2016. This series will highlight U.S. minority-owned business that will join the MBDA Hannover Messe delegation.

Adam Garfein, Ph. D.Menawat & Co. works with businesses in manufacturing and service industries to improve operations and financial performance. Formed in 2005 and co-founded by Adam Garfein, Ph.D., the company will announce the next generation of its ProFIT-MAP™ software at Hannover Messe 2016. ProFIT-MAP™ is a Predicative Operational Analytics solution aimed at improving business operations as a whole, resulting in sustainable financial benefits for its users. 

By attending Hannover Messe, Garfein hopes to develop EU-based sales agents, identify potential partners, and increase its customer base across all industries. The company is also looking forward to leveraging U.S. government resources, as well as witnessing President Obama’s speech at the opening of the event on April 24.

Commerce Department’s U.S. Travel and Tourism Advisory Board Seeks Membership Applicants

Blogged By: 
ITA News
Created on April 19, 2016
 

The Department of Commerce is excited to announce that we are actively seeking candidates to serve on the U.S. Travel and Tourism Advisory Board (Board).  The Board, established in 2003, serves as the advisory body to the Secretary of Commerce on matters relating to the travel and tourism industry in the United States.  The Board provides recommendations to the Secretary of Commerce and agencies that are part of the Tourism Policy Council, including the Departments of State, Homeland Security, Transportation, Interior, and others to ensure that the United States remains the preeminent destination for international inbound travel and tourism.

During the upcoming 2016-2018 term of the Board, members will provide valuable recommendations on implementation of the National Travel and Tourism Strategy, as well as to help shape the next National Travel and Tourism Strategy following the 2017 conclusion of the current program of work.

Just in Time for Hannover: Seven Top Markets Reports Released

Blogged By: 
Marcus Jadotte is ITA’s Assistant Secretary of Commerce
Created on April 18, 2016
 

Earlier today, the International Trade Administration (ITA) released seven new Top Markets Reports to provide the latest assessment of export opportunities for U.S. companies that attend the world’s largest annual trade show for industrial technology: Hannover Messe 2016.

The Top Markets series is a collection of sector-specific reports that are designed to help U.S. exporters compare markets across borders, using market intelligence and data to inform decision-making. Providing new market intelligence, the reports related to the Hannover Messe pavilions and themes are:

Updated FTA Tariff Tool Helps U.S. Exporters Calculate Tariff Benefits under TPP and Make Strategic Business Decisions

Blogged By: 
Stefan M. Selig is the Under Secretary of Commerce for International Trade
Created on April 18, 2016
 

Tariff ToolWith the launch of the Free Trade Agreement (FTA) Tariff Tool in 2011, the International Trade Administration (ITA) provided a first-of-its-kind way for U.S. businesses to calculate the tariff benefits for their products in U.S. free trade agreement partner countries. ITA has now expanded that tool to include tariff information for the 11 countries that recently signed the Trans-Pacific Partnership (TPP).

For any exporter, especially an SME, researching the tariff rate for their product in an FTA partner market can be costly and time consuming.  The tariff schedules among our 11 TPP partners account for thousands of pages in the agreement.  If an exporter is lucky enough to find out where their specific product is in the tariff schedule, they may still have challenges determining what that tariff will be next year, or in five years, or in 10 years. Businesses – especially smaller companies – need this information for sound business planning in the medium and long term.

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