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Export Basics


  • Submitted on 18 April 2016

    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.

  • Submitted on 10 March 2016

    Created on March 10, 2016
     

    Join the U.S. Commercial Service and the South Florida District Export Council for Discover Global Markets: The Americas. This conference brings together trade experts, economists, industry professionals, and U.S. commercial diplomats via panels and executive meetings to address opportunities, challenges, and winning strategies across the region. Your firm will leave this conference with the critical next steps needed to transform market potential to market success in markets of interest across the Western Hemisphere.

    Meet One-on-One with U.S. Commercial Diplomats:

    Whether to explore market opportunities or receive help in overcoming challenges, meet with U.S. commercial diplomats from throughout the Western Hemisphere to get your questions answered.

  • Submitted on 03 March 2016

    Created on March 3, 2016
     

    For more than 45 years, the Minority Business Development Agency (MBDA) supported the economic growth of Minority Business Enterprises (MBE) initially only through domestic operations. It was in 2003 that MBDA published its first export report titled Globalization and Minority-Owned Businesses in the United States: Assessment and Prospects.

    The report led to the creation of our Global Business Strategies, subsequent research on MBE exporters, and the 2012 release of an export fact sheet that took a closer look at the exceptional export capabilities of MBEs, which revealed that minority-owned firms are:

  • Submitted on 19 February 2016

    Created on February 19, 2016
     

    With Valentine's Day a recent memory and the Groundhog predicting an early end to winter, the focus of the American public turns to consumer goods; items such as jewelry for your loved one, recreational vehicles, or sports gear for the summer.

    It's no surprise that the world enjoys many of these items that are made in the United States, leather goods, contact lenses, footwear, sporting equipment and musical instruments are sought after across the world. In 2014, more than 10 states saw consumer goods exports to Asian countries exceed $50 million. These states were spread across the country. Both coasts, as well as the heartland were represented across the Asia-Pacific.

  • Submitted on 29 December 2015

    Created on December 29, 2015
     

    TPP Made in AmericaThe Trans-Pacific Partnership TPP unlocks opportunities for U.S. small and medium-sized businesses, which are the backbone of the U.S. economy. By addressing trade barriers that are particularly challenging for small businesses to navigate, TPP allows our small businesses to reach new markets in the Asia-Pacific region.

    Eliminating foreign taxes in the form of tariffs across the TPP region. These barriers can price out of foreign markets many of the goods and agricultural products made by U.S. small businesses.

    Making it cheaper, easier, and faster for businesses to get their products to market by creating efficient and transparent customs procedures that help move goods quickly through borders.

  • Submitted on 10 September 2015

    Created on September 10, 2015
     

    Antwaun Griffin is the International Trade Administration’s Deputy Assistant Secretary for U.S. Operations.

    Deputy Assistant Secretary for U.S. Operations delivers keynote at MMBA Power Luncheon.Last week, I, Mississippi Governor Phil Bryant and my esteemed colleague Joann J. Hill, Chief, Office of Business Development for the Department of Commerce’s Minority Business Development Agency, participated in the Mississippi Minority Business Alliance Power Luncheon in Jackson, Mississippi. I was honored to deliver keynote remarks at the luncheon hosted by the Mississippi Minority Business Alliance, Inc. (MMBA) to promote international trade and economic development in Mississippi by providing information on business opportunities for individuals and businesses, including minority and women-owned companies, major corporations and institutions.

    In Washington, DC, relatively far from Jackson, I lead the International Trade Administration’s (ITA) U.S. Commercial Service domestic network of more than 100 U.S. Export Assistance Centers (USEACs). I frequently visit our offices and the organizations our USEACs partner with to help U.S. businesses begin exporting or export to more markets overseas. My part of the economic development pie is only exports; however, the Department of Commerce as a whole touches numerous aspects of economic development. Among many other resources — like the National Weather Service, which is always an interesting thing to point out — Department of Commerce bureaus offer trade counseling, technical programs, regional planning, and a variety of other resources that benefit U.S. businesses.
    Within Commerce, my peers like Joann Hill collaborate across the country with other federal, state, local and private organizations similar to MMBA. These are critical relationships because the more robust, collaborative, and widespread they are – as in Jackson – the more of a synergy they create.

  • Submitted on 02 September 2015

    Created on September 2, 2015
     

    Look SouthJoin us on September 9, 2015 to learn about upcoming contracting opportunities in Mexico, Honduras, El Salvador, and Guatemala from our U.S. Embassies in-country and from procurement & infrastructure experts in Washington D.C.

    When:  Wednesday, September 9th, 2015 / 7:30am - 5:00pm
    Where:  World Trade Center Denver; 2650 East 40th Avenue, Denver 80205
    Cost:  $75 after August 28th.

    Registration includes breakfast, lunch and all program materials

  • Submitted on 04 August 2015

    Created on August 4, 2015
     

    Healthcare ITThe Health Information Technology (Health IT) sector has become an important, dynamic sector reshaping the healthcare system in the United States.  As other countries increase investments in their healthcare systems, they are interested in investing in digital products and services, driven by computers and mobile phones, rather than through paper-based systems. As a result, U.S. Health IT companies have become prime candidates to offer the technologies and services needed to meet the requirements of the 96 percent of patients based outside of the United States. The International Trade Administration (ITA) is committed to providing U.S. Health IT exporters the data-driven market intelligence they need to succeed globally – whether finding a company’s next export market or comparing opportunities for first-time exporters.

    This is the first Top Markets Report on the Health IT sector, providing exporters with analysis of future export opportunities, and possible barriers companies may encounter overseas. The Health IT Top Markets Report, part of the larger Top Markets Series, includes a methodology used to rank 80 potential export markets, eight country case studies, and several charts and graphs which show the market potential for the sector. The Health IT Top Market Report is forward looking, using data and analytics to project the strongest markets for future export growth; designed to help exporters compare opportunities across borders, identify opportunities for market expansion and/or market entry; and help exporters prepare effective strategies for entering or expanding their presence in foreign markets.

    So what does the future hold for the sector? With approximately $7 trillion in healthcare expenditures worldwide, the opportunities available for the Health IT sector are vast. However, since the rules and regulations governing the sector may not be keeping up with the innovations being developed, companies would greatly benefit from counseling and guidance from ITA when exploring opportunities overseas, both from the Top Market Report, but also through the ITA network of resources located worldwide.

  • Submitted on 29 July 2015

    Created on July 29, 2015
     

    Green TechnologyThe vibrant global trend seeking a greener built environment will help create some $46 billion in export opportunity for a group of U.S. building product manufacturers by 2017, according to new report Top Markets, Building Products and Sustainable Construction from the International Trade Administration. U.S. manufacturers of heating, ventilation, air conditioning and refrigeration equipment (HVACR), lighting, plumbing, insulation, wood products, doors and windows and glass construction products are well positioned to deliver on the resource conservation and environmental improvement benefits that are key goals of green building, and to meet traditional construction requirements.

    The ITA Top Markets study ranks 75 international markets in terms of 2017 sector export prospects, supported by country-specific case studies detailing market trends and the competitive state of play.  The study elaborates at least 5 key drivers of export opportunity:

  • Submitted on 22 July 2015

    Created on July 22, 2015
     

    Top Markets SeriesLast year, the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy. As the significance of exporting grows, the Obama administration and the Department of Commerce is committed to providing the data and analytics U.S. companies need to compete effectively in foreign markets.

    To meet this objective, the International Trade Administration (ITA) is leading the NEI Next Initiative, a customer service-driven strategy that is delivering improved information to American businesses to help them win when competing abroad. Of course, winning in foreign markets is often a case of investing resources as strategically as possible – i.e., picking which market to introduce a new product; or choosing whether to expand in one market or focus on opportunities elsewhere. That is why we are proud to release a new product line today: ITA’s Top Markets Series.

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