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Export Expansion


  • Submitted on 20 August 2014

    Created on August 20, 2014
     

    This post originally appeared on the Tradeology, the ITA Blog

    Leif Anderson recently completed an internship in the International Trade Administration’s Office for Export Policy, Promotion, and Strategy.

    AutomobileThe DISCOVER GLOBAL MARKETS: Free Trade Agreements Conference in Detroit will be a premier event for any business looking to expand exports in free trade markets.

    This is especially true for U.S. auto exporters who are looking for new opportunities in increasingly attractive free trade markets in Latin America.

    Mexico is the largest growing U.S. auto/auto parts export market in the world, with growth of $8.2 billion from 2009 to 2013 – that’s a 13 percent annual increase.

    Mexico recently passed Brazil as the top Latin American car producer, increasing demand for automobile parts from the United States.

    The DISCOVER: Free Trade Agreements forum will be a great event for U.S. auto exporters.

  • Submitted on 13 August 2014

    Created on August 13, 2014
     

    Secretary Pritzker Joins Mayor Bloomberg and President Obama at the U.S.-Africa Business ForumOriginally posted on the Commerce.gov Blog

    On August 5th, at the U.S.-Africa Business Forum, U.S. Secretary of Commerce Penny Pritzker highlighted a number of Commerce Department efforts to help more American businesses explore opportunities in Africa’s fast-growing markets. The Forum, focused on trade and investment opportunities on the continent, was part of President Obama’s three-day U.S.-Africa Leaders Summit, the largest event that any U.S. president has ever convened with African heads of state or government.

    Co-hosted by the Department of Commerce and Bloomberg Philanthropies, the U.S.-Africa Business Forum was created to encourage greater U.S. investment in Africa, foster business deals, and help create jobs on both sides of the Atlantic. During remarks at the Forum, President Obama announced that U.S. businesses have already committed to investing $14 billion in clean energy, aviation, banking, and construction projects, among other commitments totaling more than $33 billion that support economic growth in Africa and thousands of U.S. jobs.

    The Commerce Department leads the Doing Business in Africa (DBIA) campaign, which was launched in 2012 as part of the President Obama’s “U.S. Strategy Toward Sub-Saharan Africa.” DBIA aims to increase U.S. trade promotion to Africa, address market barriers, expand the availability of trade financing, and attract more American companies to explore sub-Saharan Africa trade and investment opportunities.

  • Submitted on 13 August 2014

    Created on August 13, 2014
     

    Discover Global Markets

    This post originally appeared on the Tradeology, the ITA Blog

    The United States is putting full focus on doing business in Africa, following President Obama’s  U.S.-Africa Leaders Summit and the U.S.-Africa Business Forum. Business Forum co-hosts Bloomberg.org and the Department of Commerce project the event will catalyze $14 billion in new business deals.

    Even though the Forum is now behind us, there are still plenty of new opportunities available in Africa, and the International Trade Administration wants to help you find them.

    The new Doing Business in Africa portal is a one-stop shop for finding resources, seeing success stories, and learning about opportunities on the continent.

    The upcoming DISCOVER GLOBAL MARKETS: Sub-Saharan Africa event in Atlanta, Nov. 5-6, will bring together private and public sector experts to discuss:

  • Submitted on 21 July 2014

    Created on July 2, 2014
     

    Satellites - Export Control ReformSmall businesses are growing at unprecedented rates. They employ about half – 55 million – of the nation’s private workforce and account for 99.7% percent of all employers in the U.S. Through exporting, they have the opportunity to grow even more: two-thirds of the world’s purchasing power is in foreign countries. In a 2013 survey of 500 small business owners, the National Small Business Association (NSBA) found that 63% of participants who did not already export said that they would be interested in doing so, but cited lack of information on exporting as an obstacle for small businesses.

    In 2009, President Obama launched the Export Control Reform (ECR) initiative, a significant effort aimed at enhancing our national and economic security through reform of the export control system—a system that had not been comprehensively updated in decades. The Commerce Department’s Bureau of Industry and Security (BIS) administers export controls for commercial and some military commodities and technologies. Now, the President’s ECR initiative is transferring tens of thousands of less sensitive military items from the State Department’s jurisdiction to the more flexible Commerce regulations. Most are parts and components; many are manufactured by small businesses. Moving these items to Commerce benefits small businesses because BIS’s regulations allow for more nuanced distinctions among technologies, destinations, and end users than the State Department’s regulations.

  • Submitted on 30 June 2014

    Created on June 30, 2014
     

    Candace Shiver, Special Advisor to the National Director of the Minority Business Development Agency

    Shiver and Corporate Council on Africa President Stephen HayesI recently participated in the 2014 Agribusiness and Food World Forum in Cape Town, South Africa from June 17-19. The forum, hosted by the International Food and Agribusiness Management Association and the Corporate Council on Africa, brought together more than 500 business leaders, government officials, industry experts, students, and academia from more than 30 countries.

    The forum’s presentations and discussions emphasized the importance of U.S. private sector involvement and investment in the critical agriculture and agribusiness sectors of the region. In sub-Saharan Africa, the industries are projected to collectively grow from $313 billion today to $1 trillion by the year 2030.1 Contributing to Africa’s food systems will help to build capacity in emerging markets, enhance food security, and promote U.S.–Africa relations through the imparting of best practices and technical and business knowledge between farmers and entrepreneurs of all sizes.

  • Submitted on 18 June 2014

    Created on June 18, 2014
     

    This post is part of the global blog series the Minority Business Development Agency (MBDA) started during World Trade Month.

    George Mui is the Access to Markets team lead in MBDA’s Office of Business Development.

    Bogota, Colombia CityviewThe U.S. Department of Commerce, through its Look South campaign, helps U.S. exporters to expand their markets and identify new opportunities in Latin America. U.S. goods exports to Peru, Panama, Mexico, and Colombia have increased every year since 2009. As we celebrate the second year anniversary of the U.S.-Colombia Free Trade Agreement more American companies are exporting goods and services to Colombia, the vast majority of which are duty-free. The U.S.-Colombia Free Trade Agreement is just one of the 11 free trade agreements between the United States and Latin American countries.

    That’s why MBDA San Antonio Business Center director Orestes Hubbard and MBDA Global Business Center project manager David Leister visited Colombia along with an MBDA Global Business Center client, Carlos Silva, CEO of USATEQ, a Colombian native.

    MBDA San Antonio director Orestes Hubbard shared his experience with George Mui, MBDA’s Access to Markets team lead in the Office of Business Development.

    Mui: Why did you choose to travel to Colombia?

    Hubbard: Colombia has a very advantageous geography and is roughly twice the size of the state of Texas – where I live. Colombia is also the only country in South America with access to both the Atlantic and Pacific Oceans and has long had good diplomatic and trade relations with the United States.

  • Submitted on 02 June 2014

    Created on June 2, 2014
     

    This post originally appeared on the Tradeology, the ITA Blog

    John Larsen is the Deputy Director of the Trade Promotion Coordinating Committee Secretariat.

    The Look South campaign is encouraging companies to seek export opportunities in Latin America.Department of Commerce data show that U.S. goods and services exports set a record for the fourth consecutive year, reaching $2.3 trillion in 2013.

    U.S. companies that export to our 11 free trade agreement partner countries in Latin America played a major role in this success. Through the Look South campaign, federal trade-promotion agencies hope to help more companies find success by taking advantage of these free trade agreements.

    In 2013, U.S. goods exports to Look South markets increased $12.5 billion to $312.6 billion – more than double the 1.7 percent rate of growth for goods exports to the rest of the world.

    This isn’t just a blip; we see a clear growth trend as market liberalization, growing middle class consumption, and diversifying industrialization by Latin American markets fuels healthy economic growth and import demand.

    As U.S. exporters respond, the Look South markets’ share of total U.S. goods exports has steadily grown from 17 percent in 2009 to 20 percent in 2013.

  • Submitted on 20 May 2014

    Created on May 20, 2014
     

    This post originally appeared on the Commerce.gov Blog

    Warehouse - ExportingAt the Department of Commerce and the Minority Business Development Agency we are dedicated to helping more minority-owned business leverage their competitive advantage and expand their business through exports. The most recent data from the U.S. Census Bureau reveals how minority-owned firms employ nearly six million American workers and contribute one trillion dollars in annual economic output to the U.S. economy. This economic output includes significant exporting contributions. In fact, minority-owned firms are export leaders in 14 key industry sectors.

    To celebrate World Trade Month we are kicking off a blog series to highlight valuable resources and information for minority businesses looking at exporting for the first time and firms looking to expand their existing exporting efforts. 

    Here are six steps to start exporting:

    Complete an export readiness self-assessment: Find out if you have what it takes to market your products or services into the global marketplace. Provide answers to nine questions and receive advice on your exporting potential.

    Training and counseling: use online resources like webinars and training courses to learn the basics of exporting and increase your understanding of the exporting process. Access webinars and online courses from the International Trade Agency (ITA), U.S. Census Bureau Go Global Webinars, and the Small Business Administration (SBA).

  • Submitted on 14 May 2014

    Created on May 14, 2014
     

    This post originally appeared on the Tradeology, the ITA Blog

    NEI NextSecretary Penny Pritzker announced NEI/NEXT – a data-based, customer service-driven initiative to ensure that more American businesses can fully capitalize on markets that are opening up around the world. Through five core objectives, NEI/NEXT will build on Administration-wide achievements under the National Export Initiative (NEI), to help all businesses reach the 95 percent of consumers who live outside the United States.

    Under the NEI, the United States has had four straight record-breaking years of exports – hitting an all-time high of $2.3 trillion dollars last year – up $700 billion from 2009. The NEI has been instrumental in strengthening high-level commercial advocacy on behalf of U.S. companies, increasing small business participation in trade events, partnering with regions to develop export plans, expanding strategic partnerships to promote exports,  implementing our trade agreements, enforcing U.S. trade rights, and driving the most ambitious trade agenda in a generation.

    In a new economic report released today by the Department of Commerce, data shows that nearly one-third of the country’s economic growth since mid-2009 has been driven by exports. Nearly 30,000 businesses have started exporting for the first time. And most importantly, since 2009, the number of jobs supported by exports has grown by 1.6 million to more than 11.3 million – the highest in 20 years.

  • Submitted on 05 May 2014

     

    Created on May 5, 2014
     

    This post originally appeared on International Trade Administration Tradeology blog.

    World Trade MonthHappy World Trade Month!

    For years, May has been the time to not only recognize the benefits of international trade, but also for organizations around the country to support more American companies competing overseas.

    For the United States, the benefits of trade have been great, as have our successes. We recently announced that for the fourth straight year, the United States set a record for annual exports in 2013, at $2.3 trillion. That is a 40 percent growth in total exports since 2009.

    Behind those exports are millions of well-paying American jobs – a record 11.3 million jobs to be exact. That number is an increase of 1.6 million from 2009.

    As more American businesses compete and succeed in the global marketplace, the entire national economy reaps benefit.

    Around the country, state and local governments, nonprofit organizations, and private sector entities are supporting events to help more American companies engage in the global marketplace. We tip our hat to every organization throughout the country that is supporting world trade events this month and all year long.

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The percentage of clients with annual revenues in excess of $500,000 increased over the last five fiscal years.
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