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Global Opportunities and New Markets


  • Submitted on 29 June 2012

    For minority business owners interested in exporting their goods and services and eager to make contacts with markets overseas, but unable to travel, reverse trade missions provide unique opportunities to foster business relationships and build long-lasting partnerships between U.S. businesses and our overseas partners.

  • Submitted on 20 June 2012

    Ninety-six percent of the world’s consumers live outside of the United States and represent two-thirds of the world’s purchasing power. U.S. companies that export enjoy business success with increased sales and profit potential. Exporting also helps businesses weather downturns in the domestic economy by being prepared to respond to foreign competition and global market trends.

  • Submitted on 23 May 2012

    Indonesia is Southeast Asia’s largest economy and while Indonesia’s annual growth slowed down to 4.5% in 2009, it expanded to 6.1% in 2010. Some economists predict that Indonesia’s economic growth may reach 8% in 2011. During the difficult global conditions of 2009, Indonesia’s economy was among the top worldwide performers. Stock market valuation was up 87% in 2009 and 46% in 2010 and from 2000 until 2010, Indonesia’s average annual GDP growth was 5.17% with a stable currency and improved sovereign credit status.

    The consumer market continues to grow in the world’s fourth-largest country. There are more than 237 million citizens, 50% of whom are under the age of 30. GDP per person exceeds its Association of Southeast Asian Nations (ASEAN) neighbors such the Philippines and Indonesia has a GDP per person three times that of Vietnam. Indonesia is a thriving democracy with significant regional autonomy. It is located on the world’s major trade routes and has extensive natural resources. It is a top-ten market for U.S. agricultural products and within the top 30 overall markets for U.S. exports. Indonesia has ratified the Cape Town Treaty, which gives U.S. aircraft exporters access to financing through international protection and registration of financial interests.

  • Submitted on 21 May 2012

    It’s that time of year again.

    May is World Trade Month, a time to reaffirm the important role that international trade plays in U.S. economic growth.

    In today’s global economy, it is more important than ever for American businesses to tap into the abundance of opportunities overseas.  95 percent of the world’s consumers are located outside our borders; helping companies reach them is key to our nation’s economic success and future.   

  • Submitted on 21 May 2012

    Colombia Trade Agreement Now in Force!Today more than 80 percent of U.S. exports of consumer and industrial products to Colombia become duty-free as part of the U.S.-Colombia Trade Promotion Agreement. This includes agricultural and construction equipment, building products, aircraft and parts, fertilizers, information technology equipment, medical scientific equipment and wood. Also, more than half of U.S. exports of agricultural commodities to Colombia become duty-free, including wheat, barley, soybeans, high-quality beef, bacon and almost all fruit and vegetable products.

    The agreement also provides significant new access to Colombia’s $180 billion services market, supporting increased opportunities for U.S. service providers. For example, Colombia agreed to eliminate measures that prevented firms from hiring U.S. professionals, and to phase-out market restrictions in cable television.

    Prior to the enactment of this agreement, the average tariff that U.S. manufactured goods faced entering Colombia was 10.8 percent. With entry into force today, Colombia’s average tariff rate for manufactured goods from the United States has been reduced to 4 percent.

  • 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.

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