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Global Opportunities and New Markets


  • Submitted on 15 July 2016

    Created on July 15, 2016
     

    Fernando Gracia is an Intern in the Office of the Western Hemisphere at the International Trade Administration

    Four years ago, the United States Colombia free trade agreement went into effect, representing a commitment to trade and prosperity between our two countries.  Today, we look back at the four years since the United States-Colombia Trade Promotion Agreement (CTPA) entered into force and analyze what it has meant for trade between our two countries.

    The overall trend for U.S. exports to Colombia has been positive since the CTPA was implemented in 2012.

  • Submitted on 12 July 2016

    Created on July 12, 2016
     

    Shipping containersThe United States and Mexico share a deep, longstanding relationship that goes far beyond diplomatic relations to include extensive commercial, cultural, and educational ties, with over $1.6 billion in two-way trade of goods and services and roughly one million legal border crossings each day.  Mexico is our second largest export market and third largest source of imports, with annual two-way trade of $580 billion, reflecting the highly integrated nature of our bilateral value chains.

    These deep commercial ties not only make Mexico a favorable market for businesses to expand their operations, but they also make it an ideal first market for new exporters.  Mexico is a high-performing, diversified economy with strong macroeconomic fundamentals.  It provides significant opportunities for U.S. exporters in key sectors such as chemicals, automotive products, metals and ores, machinery, and information and communication technologies. In fact, more than 18,000 U.S. companies have operations in Mexico and more than 57,000 U.S. companies exported goods to Mexico in 2013. These goods exports supported over 952,000 U.S. jobs, and services exports supported an additional 192,777 U.S. jobs. In addition to these market opportunities, initiatives between our governments such as the U.S.-Mexico High Level Economic Dialogue promote mutual economic growth, job creation, and competitiveness.

  • Submitted on 06 July 2016

    Created on July 6, 2016
     

    Kusum Kavia, President of CAIOver the last 9 years, minority-and woman-owned business Combustion Associates Inc. (CAI) has significantly grown their business from a small domestic operation to one that generates the majority of its revenue from exports to sub-Saharan Africa, using financing from the Export-Import Bank of the United States (EXIM).

    Established in 1989, the California-based company manufactures and customizes gas turbine power generation systems, bringing dependable electricity to customers from Western Africa to Eastern Asia to South America. CAI's generators and power plants provide a reliable supply of electricity to governments, businesses, schools, and communities where spotty access to power has often hamstrung economic growth.

    “We are part of the American dream of owning a business, being entrepreneurial and creating American jobs,” said Kusum Kavia, President of CAI.

    Kusum and her husband Mukund were born in Kenya, raised in England, and immigrated to the United States, founding CAI in Corona, California 26 years ago. Beginning as environmental consultants, they moved on to engineering, manufacturing and installing their electrical power equipment and auxiliary systems.

  • Submitted on 24 June 2016

    Created on June 24, 2016
     

    Zaheer FaruqiFounded more than 15 years ago, a fast-growing supply company seated in the suburbs of Atlanta, Ga., started selling aircraft parts to commercial airlines and military air forces. The small company of only 35 is now considered one of the best spare parts providers in the world.

    Aventure Aviation, nicknamed the ‘AutoZone for airplane supplies’ by its founder and president Zaheer Faruqi, found its humble beginnings in the basement of Zaheer’s home in Peachtree City, Atlanta.

    The concept of providing a "customer driven first rate" aviation parts supplier service was the goal for this business venture. The idea originated from Zaheer’s previous work experience with a local part supplier company when he started noticing that similar companies lacked customer service and were solely profit oriented.

    Zaheer visualized something greater and wanted to provide a service tailored to its individual customers overseas.

  • Submitted on 15 June 2016

    Created on June 15, 2016
     

    Register NowIt's important to form relationships on the ground in order to succeed. The Trade Winds--Latin America trade mission can connect you to key leaders, potential partners, and promising opportunities in seven growing markets.

    Trade Winds will feature a Latin America business forum in Chile, along with trade mission stops in six promising Latin American markets. Join us in September to connect your business with the opportunities in this region!

  • Submitted on 10 June 2016

    Created on June 10, 2016
     

    MBDA Associate Director for Business Development Takes Part in Follow-On Trade Mission to China

    Follow-On to “China Clean Technology – Business Development Mission” from April 2015 As he embarks on a trade mission to China, Efrain Gonzalez of the Minority Business Development Agency  (MBDA) looks forward to laying the groundwork for growing numbers of American companies to participate in one of the fastest-growing markets in the world.

    “It’s exciting to be a part of the effort to explore potential collaboration and partnerships in support of our minority business global business development effort in China,” said Gonzalez, Associate Director for Business Development at MBDA at the U.S. Commerce Department.

    “Our goal is supporting the Department of Commerce’s efforts to create a strong foundation for global business development in China, particularly in green energy sectors,” Gonzalez said.  “For the thousands of minority-owned businesses that MBDA serves, China represents a crucial international marketplace.”

  • Submitted on 08 June 2016

    Created on June 8, 2016
     

    The 2016 A.T Kearney Foreign Direct Investment (FDI) Confidence Index surveyed global executives about their plans for foreign investment, and they ranked the United States at the top for the fourth year in a row. A.T. Kearney also asked executives to identify the two most important factors for deciding where to establish or expand their businesses. “Regulatory transparency and lack of corruption” tied for first place with the size of the domestic market and the cost of labor; each factor was chosen by 15 percent of respondents. The “efficiency of legal and regulatory processes” was just a few points behind at 13 percent.

  • Submitted on 08 June 2016

    Created on June 8, 2016
     

    USA CanadaThe United States and Canada share the world’s largest trading relationship.  The magnitude of the relationship is incredible, accounting for nearly $2 billion in cross border trade each day.  In fact, Canada is the top export market for 35 out of 50 states.  So whether your company is a first-time or seasoned exporter, Canada should be a key component of your overseas growth strategy.

    Such deep commercial ties make Canada an ideal “launch pad” for new exporters.  Why?  First, Canada is a highly receptive, open and transparent market for U.S. products and services, with Canadians spending more than 60 percent of their disposable income on U.S. goods and services.  Americans and Canadians “speak” the same language literally and figuratively.  In addition to French in some areas, English is almost universally spoken, making business communication a breeze.  We share a similar lifestyle, engendering a certain level of cultural familiarity.  Finally, close geographic proximity, and initiatives between our governments such as Beyond the Border, Regulatory Cooperation Council and Trusted Traveler make cross-border business increasingly seamless.

  • Submitted on 26 May 2016

    Created on May 26, 2016
     

    Felicia Pullam is the Director of Outreach for SelectUSA.

    The countdown to the 2016 SelectUSA Investment Summit begins today! In four weeks, June 19-21, President Barack Obama will welcome economic developers from across the country and companies from around the world to Washington, D.C. The SelectUSA Summit is the highest profile event to promote job-creating foreign direct investment (FDI) in the United States.

  • Submitted on 16 May 2016

    Created on May 16, 2016
     

    U.S. Export Growth to FTA Countries  versus Rest of World, 2009 - 2015 Free Trade Agreements (FTA) are an important tool to our nation’s economic growth and prosperity. As you know, an FTA is an agreement between two or more countries regarding certain obligations and protections in areas such as trade in goods and services, intellectual property, and investment. FTA objectives include the reduction of barriers to U.S. exports, protection of U.S. interests, and enhancement of the rule of law in partner countries. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment facilitate and reduce the costs of U.S. company exports to partner markets.

    The U.S. currently has FTAs in force with 20 markets worldwide. In 2015, U.S. merchandise exports to FTA partners totaled $711 billion. This comprised almost half (47%) of total U.S. goods exports in 2015.

 

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