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Export Expansion


  • Submitted on 29 July 2015

    Created on July 29, 2015
     

    Green TechnologyThe vibrant global trend seeking a greener built environment will help create some $46 billion in export opportunity for a group of U.S. building product manufacturers by 2017, according to new report Top Markets, Building Products and Sustainable Construction from the International Trade Administration. U.S. manufacturers of heating, ventilation, air conditioning and refrigeration equipment (HVACR), lighting, plumbing, insulation, wood products, doors and windows and glass construction products are well positioned to deliver on the resource conservation and environmental improvement benefits that are key goals of green building, and to meet traditional construction requirements.

    The ITA Top Markets study ranks 75 international markets in terms of 2017 sector export prospects, supported by country-specific case studies detailing market trends and the competitive state of play.  The study elaborates at least 5 key drivers of export opportunity:

  • Submitted on 22 July 2015

    Created on July 22, 2015
     

    Top Markets SeriesLast year, the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy. As the significance of exporting grows, the Obama administration and the Department of Commerce is committed to providing the data and analytics U.S. companies need to compete effectively in foreign markets.

    To meet this objective, the International Trade Administration (ITA) is leading the NEI Next Initiative, a customer service-driven strategy that is delivering improved information to American businesses to help them win when competing abroad. Of course, winning in foreign markets is often a case of investing resources as strategically as possible – i.e., picking which market to introduce a new product; or choosing whether to expand in one market or focus on opportunities elsewhere. That is why we are proud to release a new product line today: ITA’s Top Markets Series.

  • Submitted on 24 June 2015

    Created on June 24, 2015
     

    Exports: Key to Minority Business GrowthFree trade agreements make it easier and cheaper for U.S. companies to export their products and services to trading partner markets. By reducing trade barriers and creating a more stable and transparent trading and investment environment, it is easier and cheaper for U.S. companies to export their products and services to trading partner markets. Currently, the U.S. has free trade agreements with 20 countries. Last year 44 percent of U.S. goods exports went to FTA partner countries and supported 3.2 million jobs.1

    Why is this important? The U.S. has only five percent of the world’s consumers. With the remaining 95 percent living outside of the U.S., exports are vital to our economic stability and employment. The U.S. is currently negotiating a free trade agreement, the Trans-Pacific Partnership, with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Jobs supported by exports to these countries increased by over 500,000 since 2009.

    Minority business owners possess unique advantages in the global marketplace: superior cultural knowledge and language skills; existing family relationships that allow access to critical market intelligence; intimate knowledge of local commercial/business culture, and general comfort with operating in a global environment. As the U.S. seeks to remain globally competitive, engaging minority-owned businesses is no longer a moral or civic imperative—it is an economic necessity.2

  • 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 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 24 March 2015

    Created on March 24, 2015
     

    What is Connect Americas

    Connect Americas is the first social network for businesses in the Americas, dedicated to promoting foreign trade and international investment. It seeks to help SMEs strengthen their businesses, by providing them with direct access to potential clients, suppliers and investors in the region and all over the world, segmented by industry.

    It also provides useful and simple information about procedures and regulations for international commerce, and about the financing opportunities available in IDB member countries. Connect Americas was created by the Inter-American Development Bank (IDB) with the support of Google, DHL, Visa and Alibaba. If you have questions, comments or suggestions, please contact at info@connectamericas.com.

    Connect Americas offers three key services:

  • Submitted on 18 March 2015

    Created on March 18, 2015
     

    Brazil Airport SignThe International Trade Administration is pleased to announce a webinar for U.S. exporters focused on the opportunities in Brazil’s Airport Sector.

    Since 2012, five of Brazil’s largest airports have been successfully privatized through concession rounds.  The auction generated over US$ 14 billion for the federal government, which is now being invested in 270 regional airports throughout the country through a new Regional Aviation Plan.  Join the U.S. Commercial Service, the Federal Aviation Administration (FAA), and expert speaker from the Federal University of Rio de Janeiro, Dr. Respicio Espirito Santo who will provide a brief overview of the Brazilian airport sector and how U.S. companies can position themselves to make sales.

  • Submitted on 06 March 2015

    Created on March 6, 2015
     

    On March 11th 1:30 pm EST, take advantage of this FREE presentation to learn about our exciting International Trade Compliance Webinar Training Program.

    The program is a webinar series which consists of thirteen one hour to 90 minute webinars starting in early April running through late May 2015. These training webinars will cover

  • Submitted on 05 March 2015

    Created on March 5, 2015
     

    World Map with business peopleU.S. businesses are selling more goods and services abroad than ever before, reaching an all-time record of $2.3 trillion in 2013 – and 98 percent of American companies that export are small businesses.

    Despite the statistics, many small businesses still face big challenges when it comes to financing and managing their export business. A recent trade seminar, hosted by the Department of Commerce and several other federal agencies, identified three commonly cited financial obstacles small businesses have to going global:

    • Don’t know how to obtain working capital and financing to support export transactions

    • Don’t know where to seek assistance for entering, growing and succeeding in global markets

    • Don’t know how to get paid by foreign buyers overseas

 

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