HOME   |   CONTACT   |   MY BUSINESS TOOLS    Facebook Twitter LinkedIn Google+ Subscribe to MBDA Newsletter

You are hereHome > Global Opportunities and New Markets

Global Opportunities and New Markets


  • Submitted on 09 May 2012

    globalEDGEIf you are like most business owners in the United States, you are constantly working to target the best opportunities for your firm within the constraints of more and more limited resources. You’ve heard of all the buzzwords and the hot global markets—but how will they relate to you? In order to be a global leader, you need quick and affordable access to up-to-the-minute and relevant information.

    Long before we learned to “google” information, international business professionals have utilized the most complete resource for locating opportunities for their firms. globalEDGE is a one-stop shop—bringing together the most up-to-date and relevant economic, political, and cultural data from thousands of sources. This information is crucial for new to export and seasoned multinational corporations alike.

  • Submitted on 09 May 2012

    Flags of the WorldDuring President Obama’s January 2012 State of the Union Address, the president discussed progress of the National Export Initiative. The program, begun in 2010, aims to double America’s exports by 2014. To help reach this goal, the Obama administration added 20 percent to the Commerce Department’s International Trade Administration budget, which now totals $540 million. The administration also increased the budget of the U.S. Export-Import Bank from $4 billion to $6 billion.

    This is a commitment that is important to small businesses. Only about 8 percent of America’s 27.9 million small businesses export goods or services; and of those that export goods, 58 percent export to only one country.

  • Submitted on 10 April 2012

    Export.gov ScreenshotExport.gov is a tool created to assist U.S. business in accessing international markets by providing the resources necessary for export

    Purpose: Client Resource, Business Assistance

    What you should know?

    • Offers a wide range of current industry and trade information to help exporters of U.S goods and services find the information they need to compete successfully in overseas markets

  • Submitted on 05 April 2012

    Trade.gov Screen ShotThe International Trade Administration (ITA) strengthens the competitiveness of U.S. industry, promotes trade and investment, and ensures fair trade through the rigorous enforcement of our trade laws and agreements.  ITA works to improve the global business environment and helps U.S. organizations compete at home and abroad.  ITA supports President Obama’s recovery agenda and the National Export Initiative to sustain economic growth and support American jobs.

    ITA is organized into four distinct but complementary business units:

    U.S. and Foreign Commercial Service — Promotes U.S. exports, particularly by small and medium-sized enterprises, and provides commercial diplomacy support for U.S. business interests around the world.

    Manufacturing and Services — Strengthens U.S. competitiveness abroad by helping shape industry-specific trade policy.

  • Submitted on 04 April 2012

    Vietnam FlagVietnam is a true emerging market, offering ground floor and growing opportunities for U.S. exporters and investors. Vietnam’s economic growth rate has been among the highest in the world in recent years, expanding at an average about 7.2 percent per year during the period 2001-2010, while industrial production grew at an average of about 12 percent per year during the same period.

    Vietnam registered GDP growth rate of 6.7 percent in 2010 and was one of only a handful of countries around the world to experience such levels of economic growth.

    Moving forward, inflation remains a main risk to Vietnam’s economy, which the Government of Vietnam (GVN) is addressing by balancing growth targets with price stability measures. This challenge will not be easy to meet. Nevertheless, the GVN has confirmed its commitment to economic growth and is targeting 2011 GDP growth at 6.5 percent.

    The momentum and direction generated by the entry into force of the U.S.–Vietnam Bilateral Trade Agreement (BTA) in 2001 transformed the bilateral commercial relationship between the United States and Vietnam and accelerated Vietnam’s entry into the global economy with Vietnam joining the WTO in January of 2007. Since the BTA, bilateral trade has increased over six-fold from $2.9 billion in 2002 to $18.6 billion in 2010.

  • Submitted on 27 March 2012

    Web site maps out value proposition offered to firms located in the United States

    SelectUSA is the Department of Commerce’s first-ever federal initiative to help attract, retain and expand business investment in the United States. It was created to showcase the United States as the world’s premier business location and to provide easy access to federal-level programs and services related to business investment. SelectUSA is designed to complement the activities of our states—the primary drivers of economic development in the United States.

  • Submitted on 16 March 2012

    South KoreaThe long anticipated Korea-U.S. Free Trade Agreement (KORUS-FTA) was implemented on March 15, 2012 becoming our nation’s largest FTA since NAFTA. The agreement has the potential to increase U.S. exports to Korea by approximately USD 10-12 billion, and it will be especially beneficial for U.S. SMEs. In 2009, nearly 18,000 SMEs exported some USD 8.4 billion worth of merchandise to Korea.

    Total 2011 U.S.-Korea trade exceeded USD 100 billion for the first time ever. U.S. exports reached an all time high of USD 43.505 billion. U.S. exports increased 12% over 2010 levels.

    Korea is the United States’ seventh largest trading partner. The U.S. is the third largest exporter to Korea with a 9 percent market share. Key competitors include China with 16.8 percent, Japan with 15.3 percent, and the EU’s 27 nations with 10%. With the EU having already implemented its FTA with Korea, U.S. firms will now again be in a stronger competitive situation following KORUS implementation. (China’s trade reflects significant re-export activity.)

  • Submitted on 16 March 2012

    US Korea Trade AgreementThe United States-Korea Trade Agreement (KORUS Agreement) enters into effect today, reducing tariffs on almost all U.S. industrial exports to South Korea and making it easier for U.S. exporters to successfully compete in the Korean market.

    With the implementation of the KORUS Agreement, tariffs will immediately be eliminated on almost 80 percent of U.S. exports to Korea.

  • Submitted on 12 March 2012

    MBEs Exports Span the WorldThe Minority Business Development Agency (MBDA) did a deep dive into the 2007 Survey of Business Owner data released by the U.S. Census Bureau and found minority-owned firms are more likely to export compared to non-minority-owned businesses.  Export activity of minority-owned firms spanned 41 countries, with Mexico, Brazil, and the Dominican Republic dominating the list. Across the oceans, minority-owned firms are also selling their products and services to countries that include Turkey, India, China and the Philippines according to data from the U.S. Export Import bank.

    The Obama Administration has set a goal of doubling the nation’s exports in five years and minority-owned firms are playing a crucial role in meeting this goal. Further analysis of the Census Bureau data revealed that minority-owned firms were three times more likely to own firms that generate 100% of their revenue through exports than those of non-minority-owned firms. In addition to being more likely to export, minority-owned firms were twice as likely to have operations abroad when compared to non-minority-owned firms and publicly held firms.

  • Submitted on 08 March 2012

    Russian FlagWith over 140 million consumers, a growing middle class, and almost unlimited infrastructure needs, Russia remains one of the most promising markets for U.S. exporters. Russia is the world’s 11th largest economy and has the highest per capita GDP ($15,900) of the BRIC countries. It is an upper middle income country, with a highly educated workforce and sophisticated, discerning consumers. Russia’s economy has begun to recover from the economic crisis that started in 2008, with GDP growth at 4.0% for 2010.

    This growth was slightly less than anticipated due to drought and wildfires, which disrupted agriculture, commerce and industry. Economists forecast real GDP growth of 4.3% in 2011. Russia was the U.S.’s 37th largest export market and the 17th largest exporter to the U.S. in 2010. U.S. exports to Russia were $5.97 billion, a 12% increase from 2009.

    Russian exports to the U.S. were $26.5 billion, up 41% from 2009. Russian sources list the country’s leading trade partners as: Netherlands, China, Germany, Italy, Ukraine and Turkey. U.S. accumulated investment in Russia is approximately $21.3 billion. According to Russian data, the U.S. is Russia’s 10th largest foreign investor.

Did you know...

MBDA Minority Business Centers helped clients secure contracts totaling $6.9 billion during the last 5 fiscal years.
Graph for Dollar Value of Contracts

Upcoming Events

[Within 90 days]
11/02/2014 (All day) - 11/05/2014 (All day)
11/04/2014 - 8:30am - 1:00pm
11/05/2014 (All day) - 11/06/2014 (All day)
11/07/2014 (All day)

What MBDA Does