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August Global Highlights: Grow Your Business through Exports

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August 2013
U.S. Exports

U.S. Exports Reach All-Time High of $191.2 Billion in June

U.S. exports of goods and services grew to $191.2 billion, from $187.1 billion in May, with monthly exports reaching an all-time record. In fact, monthly exports records were seen in both the total goods and total services categories. Capital goods reached record levels in June, while the largest monthly increase was seen in industrial supplies.

“Export data from the first half of 2013 show that the United States is on track to exceed last year’s totals, with June exports hitting an all-time record,” said Secretary Pritzker. “Our efforts are paying off for America’s workers, farmers and ranchers, manufacturers and service providers, and innovators and investors. Today, we sell more products made in America to the rest of the world than ever before, and we will continue to do everything we can to assist U.S. exporters and help create new jobs for American workers.”

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Exporting is good for Business!

The Minority Business Development Agency is committed to working with U.S. companies to help American-made goods and services succeed in the global market.

Why consider exporting?

Access. Today, improvements in trade finance, the Internet, and trade agreements have dramatically increased access to markets worldwide.

Demand. More than 70 percent of the world’s purchasing power is located outside of the United States.

Profitability. Exporting can be profitable for businesses of all sizes. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms.

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Agribusiness Reverse Trade Mission

Sub-Saharan Africa Agribusiness Reverse Trade Mission

Omaha, NE; Fargo, ND; Jackson, MN; Ames, IA
August 18-28, 2013

United States Trade and Development Agency is sponsoring a Reverse Trade Mission to the United States for a delegation of senior representatives from sub-Saharan Africa's agribusiness sector, including key decision makers from leading agribusinesses and government entities in Kenya, South Africa, Botswana, Nigeria, Zambia, and other markets.

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SelectUSA 2013 Investment Summit

SelectUSA 2013 Investment Summit

October 31 – November 1, 2013

Global investors are “rediscovering” the United States.

The consulting firm A.T. Kearney published its annual Foreign Direct Investment (FDI) Confidence Index. The Index surveys top executives from more than 300 leading global companies – representing more than $2 trillion in annual global revenue – on where they are directing their investment strategies. For the first time since 2001, the United States ranked #1 on this list, retaking the top spot!

The Department of Commerce’s SelectUSA program has seen this trend coming through the work we conduct on a daily basis. Companies both large and small increasingly understand that the United States is the destination of choice for capital, and an unparalleled place to invest and do business.

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Mexico Trade Mission

U.S. Secretary of Commerce Announces First Business Development Mission to Mexico

U.S. Secretary of Commerce Penny Pritzker announced she will lead her first business development mission to Mexico City and Monterrey from November 18-22, 2013. This mission will further elevate and strengthen this dynamic bilateral commercial and economic relationship and highlight new U.S. business opportunities with Mexico.

“Exports are an essential component for spurring growth and creating jobs in America,” said Secretary Pritzker. “The United States and Mexico have strong business ties and increasing opportunities for trade and collaboration between our two nations will help bolster economic success across our border.”

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Education Company Vernet

MBDA Grows Businesses through Exports – MBDA Helps Education Company Secure $6.2 Million Contract

The MBDA Business Center in Puerto Rico assisted VERNET in securing lines of credit and identifying business opportunities with the Department of Education to provide services to public school students and teachers. With this guidance, VERNET secured a $6.2 million contract with the Department of Education.

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Take Active Steps to Become More Global  Step 1: Strengthen relationships.

Take Active Steps to Become More Global

Most companies recognize the benefit of having leaders with international experience, but few offer the developmental opportunities to gain it. It’s up to you to take responsibility for improving your cross-cultural chops.

Step 1: Strengthen relationships. Cultivate the contacts and friends you already have across national and cultural boundaries. Offer to assist them with something; what follows may help give you insight into unfamiliar environments.

Stay tuned next month for step 2.

Adapted Harvard Business Review Management Tip of the Day: Take Active Steps to Become More Global

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