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Global Opportunities and New Markets


  • Submitted on 30 September 2014

    Marjorie Baker recently completed a summer internship with the International Trade Administration’s Office of the Western Hemisphere.

    Created on September 30, 2014
     

    Register now for discover: the AmericasThis post originally appeared on the Tradeology, the ITA Blog

    More Latin Americans than ever are now members of the middle class, and sustained economic growth in the region has led to increased demand for energy.

    Energy consumption is projected to more than double in Latin America between 2010 and 2030, and this will transform the continent’s energy sector, creating new opportunities for U.S. companies.

    As part of the federal government’s Look South initiative, the International Trade Administration (ITA) has published a series of best prospect sector reports for our 11 Free Trade Agreement partners in Latin America (Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, and Peru).

  • Submitted on 09 September 2014

    Created on September 9, 2014
     

    This post originally appeared on the Tradeology, the ITA Blog

    Kenneth R. Mouradian is the Director of the International Trade Administration’s Orlando U.S. Export Assistance Center.

    With the United States continuing its focus on doing business in Africa, we are working to connect more U.S. companies with every opportunity available on the continent.

    From the recent U.S.-Africa Business Forum to the upcoming DISCOVER GLOBAL MARKETS: Sub-Saharan Africa event in Atlanta, the United States has made it a priority to support U.S. companies doing business in Africa.

    Register Now for DISCOVER: Sub-Saharan Africa

  • Submitted on 05 September 2014

    Created on September 5, 2014, 2014

     

    Under Secretary of Commerce for International Trade Stefan M. Selig speaking with Elizabeth Littlefield, President & CEO of the Overseas Private Investment Corporation at the U.S.-Africa Business Forum.Under Secretary of Commerce for International Trade Stefan M. Selig speaking with Elizabeth Littlefield, President & CEO of the Overseas Private Investment Corporation at the U.S.-Africa Business Forum.

    Earlier this month, the U.S. Department of Commerce and Bloomberg Philanthropies co-hosted an event showing that Africa is one of the world’s next great sources of economic growth.

    The first-ever U.S.-Africa Business Forum brought together American and African business leaders with the heads of nearly 50 African nations to exchange ideas and create partnerships that will promote trade, accelerate job growth, and encourage investment.

    And this was not just an academic discussion. We built the kind of relationships that will help usher in a new level of success for the growing economies and businesses of Africa, as well as spur real gains for U.S. companies.

  • 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 24 July 2014

    Created on July 24, 2014
     

    The U.S.-Africa Business Forum will be part of President Obama’s U.S.-Africa Leaders Summit
    Secretary of Commerce Penny Pritzker and Michael R. Bloomberg to host
    President Obama to be keynote speaker

    U.S.-Africa Business ForumOn August 5, 2014, the U.S. Department of Commerce and Bloomberg Philanthropies will co-host the first-ever U.S.-Africa Business Forum, a day focused on trade and investment opportunities on the continent. The U.S.-Africa Business Forum will be part of President Obama’s U.S.-Africa Leaders Summit, the first summit of its kind, and the largest event that any U.S. president has ever convened with African heads of state or government.

    As President Obama said in Tanzania last summer, “in our global economy, our fortunes are linked like never before. So more growth and opportunity in Africa can mean more growth and opportunity in the United States.  And this is not charity; this is self-interest. And that’s why a key element of my engagement with Africa, and a key focus during this trip, has been to promote trade and investment that can create jobs on both side of the Atlantic.”

    Held at the Mandarin Oriental, in Washington, D.C., the U.S.-Africa Business Forum will intensify efforts to strengthen trade and financial ties between the United States and Africa. The Forum will focus on U.S. private sector engagement in Africa in the areas of finance and capital investment, infrastructure, power and energy, agriculture, consumer goods, and information communication technology. Heads of state will engage with business executives from both sides of the Atlantic to engage in conversations about successes and solutions to build greater access for trade and investment in Africa. President Obama will participate in the conversation with CEOs and government leaders from the U.S. and Africa.

  • 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 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).

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