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Global Opportunities and New Markets

  • 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 21 May 2015

    Created on May 21, 2015

    Dates: May 31 - June 10, 2015
    Locations: Miami, FL; Houston, TX; and Los Angeles, CA

    This visit is designed to introduce delegates from Colombia and Peru to U.S. green port technologies and U.S. best practices for environmental management at port operations. The delegates will have the opportunity to learn about green port programs related to energy efficiency, pollution prevention, waste reduction, and resource conversation.

    The visit will include an Industry Roundtable in Houston, Texas on June 5, where U.S. companies can learn about upcoming opportunities in Colombia and the Peru and can meet with senior-level delegates.

  • 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 14 May 2015

    Created on May 15, 2015

    Globe on AfricaMore and more American companies are looking outside the United States to find new customers. Expanding to new markets leads to increased revenue and more growth – great results for any American business.

    For many companies I work with in Charlotte, growing markets in Sub-Saharan Africa are some of the most promising markets to explore. In fact, a number of area businesses are already growing because they have taken advantage of opportunities on the continent.

  • Submitted on 05 May 2015

    Created on May 5, 2015

    Happy 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. Recently, Commerce Secretary Penny Pritzker released a new report, Jobs Supported by State Exports, which reveals that in 2014, exports of goods and services directly and indirectly supported 11.7 million U.S. jobs.

    Here are some quick facts about U.S. exports of goods from the report:

  • 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 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 03 April 2015

    Created on April 3, 2015

    Laredo, TX on the mapGlobal business opportunities thrive in Laredo, Texas. The City’s unique geographical position neighboring Mexico makes this hub ideal to conduct international business.

    That is why the U.S. Department of Commerce’s U.S. Commercial Service, in conjunction with Congressman Henry Cuellar are hosting a seminar April 7 from 8 a.m. to 1 p.m. at the Texas A&M International University featuring this dynamic market. The seminar will offer the opportunities of doing business in Colombia, as well as hearing from local companies who have had success doing business in the South American country.

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