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Global Opportunities and New Markets


  • Submitted on 25 August 2016

    Created on August 25, 2016
     

    The U.S. Commercial Service will head to Latin America in September with about 100 U.S. companies and organizations, to cultivate trade and investment deals between the United States and some of our key regional partners.

    The Trade Winds trade mission and business forum is one of our flagship events in the Commercial Service. Trade Winds has taken  more than 800 U.S. companies and organizations to six global regions in the last nine years, facilitating more than $239 million in business deals, with the majority of our attendees being small to medium-sized enterprises.

  • Submitted on 23 August 2016

    Created on August 23, 2016
     

    Discover Global Markets: Building Smart Cities

    Connecting, Innovating, and Sustaining with 21st Century Infrastructure
    Chicago, IL • November 1-3, 2016

  • Submitted on 18 August 2016

    Created on August 18, 2016
     

    Small business exporters can learn how EXIM products can empower them to increase foreign sales by clicking here or visiting the homepage at www.exim.gov.

  • Submitted on 18 August 2016

     

    Created on August 18, 2016
     

    After decades of civil unrest, the Colombian government reached a ceasefire with the Revolutionary Armed Forces of Colombia (FARC) on June 23, 2016. The ceasefire deal was the last major step in reaching a final peace agreement, expected by the second half of August, according to Colombia’s Minister of Post-Conflict, Rafael Pardo. Peace is expected to bring many benefits to Colombia, including improved rule of law, security, and increased investment. This improved business environment has the potential to open a number of new opportunities for to U.S. companies.The U.S. is an important trade and investment partner for Colombia. U.S.-based companies have been exporting an increased number products to Colombia since the U.S.-Colombia Trade Promotion Agreement went into effect in 2012.

    U.S. goods exports to Colombia stood at $16.3 billion in 2015, having grown 14% since the implementation of the agreement - compared to just 1.2% growth in U.S. goods exports worldwide over the same period. This makes Colombia our third largest export destination in Latin America.

  • Submitted on 15 August 2016

    Created on August 15, 2016
     

    Gabriel Ojeda runs a small concrete additive business called Fritz-Pak out of a modest warehouse just east of Dallas with his wife and son. Gabriel Ojeda runs a small concrete additive business called Fritz-Pak out of a modest warehouse just east of Dallas with his wife and son. They manufacture 40 different specialty products, including plasters you’d find in swimming pools or sports stadiums. Sales were steady—until the 2008 recession hit. Gabriel had to lay off three of his 14 employees, and was nearly forced to sell off the business. When Gabriel’s family came up with the idea of pursuing sales in global markets, they sought out private financing—but when a typical export sale is only 10 or 12 thousand dollars, a local bank isn’t always interested in financing. So when private financing proved unavailable, the company turned to the Export-Import Bank of the United States (EXIM Bank) for a reliable insurance package to protect their overseas sales. 

    In 2011, EXIM Bank approved a $200,000 insurance policy which helped Fritz-Pak expand to Russia, Taiwan, China, and South Africa. With EXIM’s insurance the Ojedas were able to offer their new foreign buyers credit terms while protecting against the risk of not being paid.

  • Submitted on 04 August 2016

    Created on August 4, 2016
     

    Stephen Collier is a Communications Specialist for the U.S. Commercial Service

    Robert Queen, Director of US Commercial Service-Santa Fe (left), poses with members of the American Indian Alaska Native Tourism Association and nearby Native American organizationsAn acknowledgement of true achievement took place July 26 at the Indian Pueblo Cultural Center: a celebration in honor of the first Native American organization to win the President’s “E” Award for Export Services.

    The American Indian Alaska Native Tourism Association was recognized in May by Secretary of Commerce Penny Pritzker along with 122 other companies and organizations across the United States that have contributed to increased exports in their respective industries nationwide.

    In attendance at the event were representatives from the offices of Senator Tom Udall (D-NM) and Congresswoman Michelle Lujan Grisham (D-NM). Rep. Grisham represents the New Mexico’s 1st Congressional District, which includes the Albuquerque area. Representatives from several Pueblo nations were also on hand, as was Robert Queen, Director of the U.S. Commercial Service’s Santa Fe office.

  • Submitted on 03 August 2016

    Created on August 3, 2016
     

    Michael Waters is an International Trade Specialist for the U.S. Commercial Service office in Atlanta

    Business woman Ensuring your company’s website is user-friendly can attract customers from abroad.In this digital age, a website is a necessity for any business of any size across all industries. A company’s website speaks about the organization and should be viewed by management as a virtual introduction of products and services offered to prospective customers.

    However, working with international customers presents its own unique set of circumstances, especially when it comes to websites. For example, is there a link for international sales inquiries on your company’s website? And if so, what details are you requesting? What does your site look like on a mobile device or when translated into a foreign language? These are a few questions that every organization needs to consider when designing a website that offers a product or service for international customers.

    Globalizing your company’s website does not have to be overly technical. This article will provide a few easily implementable suggestions that anyone can apply, with the ultimate goal of increasing international sales.

  • Submitted on 28 July 2016

    Created on July 28, 2016
     

    Stuart Schaag is a career Foreign Service Officer with the U.S. Commercial Service.  He currently serves as Senior Commercial Officer at the U.S. Embassy in Hanoi. Barbara Banas is an International Trade Specialist with the Office of ASEAN and the Pacific Basin, where she covers Vietnam. She is based in Washington, D.C.

     

    VietnamBefore you keep reading, let’s conduct an experiment. Open another page on your internet browser and type the word “Viet” into the search bar. What was the first term that came up from the autofill function? It wasn’t “Vietnam”, was it? More than forty years have passed since the end of the U.S.. conflict with Vietnam, yet our old ghosts still linger, revealed in our internet algorithms. As Pulitzer Prize winning author Viet Thanh Nguyen stated, “Vietnam is a country and not a war,” a fact that many U.S.. companies are learning as they seek out new export markets. We like to think that Vietnam is not a war and not just a country, but an opportunity.

    Since the United States and Vietnam renewed diplomatic relations in 1995, our commercial relationship has grown exponentially. The United States is now Vietnam’s largest export market and a major source of foreign direct investment. Conversely, in 2015, Vietnam was the United States’ fastest growing export market (up over 23% from 2014) among new TPP partners, demonstrating the increasing demand for U.S.. technologies and goods. Moreover, in Asia, Vietnam’s average annual economic growth rate of well over 5% over the past 25 years has been second only to China’s. After rebounding from the doldrums of the last decade’s global financial crisis, Vietnam has regained its luster as an investment destination and lucrative export market. Last year closed with the economy back in full swing, buoyed by GDP growth of over 6%. What does growth like this mean for Vietnam’s future? The recent joint World Bank and Ministry of Planning and Investment study, Vietnam 2035, states that “growth rates in this range would produce by 2035 an upper-middle income country on the cusp of high income – at the level of Malaysia or the Republic of Korea in the mid-2000s.”

  • Submitted on 27 July 2016

    Created on July 27 2016
     

    New Webinar Series: Business Opportunities in the Pacific Rim

    Join the U.S. Commercial Service for a series of complimentary webinars focusing on business opportunities in leading and emerging Pacific Rim markets that are included in the Trans-Pacific Partnership (TPP).

    The webinars will focus on the 11 TPP countries and will cover:

  • Submitted on 15 July 2016

    “Innovative thinkers and early adopters exist everywhere: In Silicon Valley, but also in Sub-Saharan Africa; in the legendary startup garages … and in even more humble venues that may lack electricity,” Overseas Private Investment Corporation (OPIC) Vice President Judith Pryor wrote this week in the Silicon Valley Business Journal.

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