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Export Basics


  • Submitted on 24 June 2015

    Created on June 24, 2015
     

    Exports: Key to Minority Business GrowthFree trade agreements make it easier and cheaper for U.S. companies to export their products and services to trading partner markets. By reducing trade barriers and creating a more stable and transparent trading and investment environment, it is easier and cheaper for U.S. companies to export their products and services to trading partner markets. Currently, the U.S. has free trade agreements with 20 countries. Last year 44 percent of U.S. goods exports went to FTA partner countries and supported 3.2 million jobs.1

    Why is this important? The U.S. has only five percent of the world’s consumers. With the remaining 95 percent living outside of the U.S., exports are vital to our economic stability and employment. The U.S. is currently negotiating a free trade agreement, the Trans-Pacific Partnership, with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Jobs supported by exports to these countries increased by over 500,000 since 2009.

    Minority business owners possess unique advantages in the global marketplace: superior cultural knowledge and language skills; existing family relationships that allow access to critical market intelligence; intimate knowledge of local commercial/business culture, and general comfort with operating in a global environment. As the U.S. seeks to remain globally competitive, engaging minority-owned businesses is no longer a moral or civic imperative—it is an economic necessity.2

  • Submitted on 17 June 2015

    Created on June 17, 2015
     

    Business CounselingThis post originally appeared on the Department of Commerce blog.

    Two Central American countries, Nicaragua and Guatemala, continue to open doors for American companies who are seeking out new markets. The U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration, helps U.S. companies get started in exporting and increase their sales to new markets around the world. Recently, the U.S. Commercial Service office worked with two companies, Second Frontiers and Battery Concepts, helping them expand sales and services into these important Central American countries.

  • Submitted on 04 June 2015

    Created on June 4, 2015
     

    This post originally appeared on the Tradeology, the ITA Blog

    U.S. Commercial Service Trade Winds - Africa

    Africa is a huge potential market for almost any U.S. exporter, but there are several factors for any business to consider before exporting to the continent:

  • Submitted on 02 June 2015

    Created on June 2, 2015
     

    BEA New Data ToolA new data tool--International Trade and Investment Country Facts Application--on the Bureau of Economic Analysis website gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.

    These fast facts at your fingertips can include:

    • Total exports, imports and trade balance between the United States and the country you select.
    • The top five categories of goods and services the United States buys from and sells to that country.
    • Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.
  • Submitted on 22 May 2015

    Created on May 22, 2015
     

    A Basic Guide to Exorting CoverThis post originally appeared on the Tradeology, the ITA Blog

    For more than 75 years, A Basic Guide to Exporting has helped U.S. companies make their first international sale and grow their businesses through exporting. Now, with an 11th edition, you may ask, what’s different? I’ll give you a few examples.

    In this new edition, there is expanded information on cross-border e-commerce and export controls, as well as a new chapter on rules of origin in Free Trade Agreements. This edition also provides updated content on creating export plans to strategically start or increase export sales. Good news for the many small- and medium-sized businesses who might be “winging” their current export sales.

    Additionally, A Basic Guide to Exporting features all new case studies including “micro multinationals,” which are small U.S. companies that sell to buyers in 30 or more countries. For example, Chapter 3 profiles Pennsylvania-based Zeigler Bros., Inc., a firm that researches and develops foods for animal and aquatic diets. The company made an early strategic decision to boost its bottom line by doing business overseas and has never looked back. Today, Zeigler supplies 300 different products to 50 countries, with exports accounting for more than 50 percent of overall sales. In Chapter 3, the guide describes how International Sales Manager Chris Stock overcame the challenges the company faced when trying to sell internationally, including helping customers deal with localized issues such as diseases that affect fish species being farmed, finding reputable partners, and gaining an understanding of environmental regulations in the countries where the firm does business.

  • Submitted on 19 May 2015

    Created on May 19, 2015
     

    A Basic Guide to ExportingThis post originally appeared on the Tradeology, the ITA Blog

    Since May is World Trade Month, it’s only fitting that the U.S. Department of Commerce reiterate its commitment to helping companies—especially small- and medium-sized enterprises (SMEs) —that are interested in exporting. Earlier today, we released the 11th edition of ‘A Basic Guide to Exporting’ which will help businesses navigate the avenues of trade.

    U.S. companies, particularly SMEs that are new to exporting, as well as those looking to expand their current export sales, will find this fully revised and expanded publication an invaluable tool. With 96 percent of the world’s consumers outside of the United States, exporting holds excellent opportunities for U.S. businesses to expand market share, build competitiveness, and add to their bottom lines.

    For many businesses, the export process can seem overwhelming and too difficult to pursue. This book dispels the myths that exporters need to be big, or that exporting needs to be complicated, making exporting more viable than ever for even the smallest businesses. In A Basic Guide to Exporting, first-time exporters will find information on topics including:

  • Submitted on 24 April 2015

    Created on April 24, 2015
     

    Market ResearchDid you know that more than 95 percent of the world’s consumers live outside the United States? That’s a staggering number – and perhaps even more so is this figure: only one percent of U.S. small businesses are selling to those consumers.

    The benefits abound when it comes to selling Made-in-America goods and services internationally. In addition to the cultural exchange inherent when developing global relationships, U.S. businesses – including small, minority- and women-owned businesses – can grow faster, hire more employees and pay higher wages.

    There’s a huge global market for your small business offerings, so here are a few insights from experienced exporters to consider as you go about gathering international market intelligence.

  • Submitted on 14 April 2015

    Created on March 15, 2015
     

    Going Global with Intellectual PropertyAre you planning to expand your business internationally to sell or buy innovative goods and technologies? Are you pondering opening a factory abroad, having your products made overseas, or starting an export or import business? Even if you are not planning on going overseas, knowledge of the international aspects of intellectual property may be critical for your business. 

    The Minority Business Development Agency (MBDA) and the United States Patent and Trademark Office (USPTO) will co-host a series of free 1-hour webinars starting on April 28 to provide business owners with useful information on the international aspects of intellectual property and conducting commerce at home. Mark your calendars and register for this 3-part series offering keen insight about complex international laws.

    Register today!

  • Submitted on 14 April 2015

    Created on April 14, 2015
     

    Export StrategyAshley Zuelke is the Senior Advisor for Export Policy, Promotion and Strategy at the International Trade Administration.

    Julia McNerney is the Special Assistant to the Under Secretary at the International Trade Administration.

    Last week, the International Trade Administration (ITA) held the first event in the Startup Global Pilot program at 1776, a local business incubator in Washington, D.C. Startup Global, which Secretary of Commerce Penny Pritzker launched in February, was designed to help more startup firms think global from the earliest stages of a company’s growth. One of four in a series of pilot program educational events, the  1776 event welcomed 25 startups and experienced startup exporters. The participants all agreed that the theme of Thursday’s event is clear: start planning for international success on day one. The theme is important because:

  • Submitted on 24 March 2015

    Created on March 24, 2015
     

    What is Connect Americas

    Connect Americas is the first social network for businesses in the Americas, dedicated to promoting foreign trade and international investment. It seeks to help SMEs strengthen their businesses, by providing them with direct access to potential clients, suppliers and investors in the region and all over the world, segmented by industry.

    It also provides useful and simple information about procedures and regulations for international commerce, and about the financing opportunities available in IDB member countries. Connect Americas was created by the Inter-American Development Bank (IDB) with the support of Google, DHL, Visa and Alibaba. If you have questions, comments or suggestions, please contact at info@connectamericas.com.

    Connect Americas offers three key services:

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