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Global Opportunities and New Markets

  • 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.

  • Submitted on 10 May 2016

    Created on May 10, 2016

    Trans-Pacific Partnership logoU.S companies have a brand new resource available to them with the recently released Trans-Pacific Partnership Opportunities by Market report from the International Trade Administration (ITA). Educating U.S businesses and workers on the benefits of TPP is an important role for ITA. The ITA Trans-Pacific Partnership (TPP) series of factsheets highlight opportunities for businesses by state, sector and now for each of the TPP markets. With this added report businesses can reference each of the 11 TPP partner markets’ top export sectors, how TPP will make it easier to do business in each of the TPP partner markets, or explore how existing tariffs will be eliminated once TPP is enacted.

    TPP will offer a more balanced trade environment for U.S. businesses of all sizes. This agreement encompasses a diverse range of 11 countries, opening the door for new trade opportunities and improving on existing trade relationships. Goods exports to TPP countries supported 3.1 million U.S. jobs in 2014. In that same year the TPP countries for which the United States does not have an existing trade agreement (Brunei, Japan, Malaysia, New Zealand, Vietnam) collectively accounted for $726.5 billion in exports.

  • Submitted on 10 May 2016

    Created on May 10, 2016

    May 15 - 22, 2016: China Green Airport Construction RTM

    Locations: Chicago, IL; Los Angeles, CA; Seattle, WA

    USTDA will host a China Green Airport Construction RTM to connect U.S. industry with development opportunities overseas. The delegation is interested in procuring cutting-edge green construction equipment and waste recycling technologies from the U.S. for airport construction projects in China. 

    June 6 - 10, 2016: Energy Technologies for Central America and Caribbean Water Utilities RTM

    Locations: Washington, D.C.; Columbus, OH; Atlanta, GA

  • Submitted on 04 May 2016

    Created on May 4, 2016

    To cap off National Small Business Week, President Obama and senior Administration officials will join Business Forward’s nationwide network of business leaders to discuss the role of small business in growing the American economy. The discussion will focus on key economic initiatives, including the Trans-Pacific Partnership.

    In addition to hearing from the President, business leaders from across the country will have the opportunity to ask questions of Administration officials about how various economic policies affect their companies, employees, and local economies.

  • Submitted on 04 May 2016

    Created on May 4, 2016

    World Trade MonthEvery year, World Trade Month—designated for the month of May—gives us the opportunity to acknowledge the importance of global trade, and look back at the economic advancements we have made as a result. This World Trade Month, we can look back and appreciate the success we have accomplished.

    In 2015, our exports totaled $2.23 trillion, we increased our exports to 58 international markets, and we achieved record exports with 20 global partners. Our export success was one aspect of a strong year for the U.S. economy where our auto industry experienced its best year ever and our manufacturing sector reached record highs for output. Exports also contributed to our economy, supporting 11.5 million U.S. jobs and accounting for nearly 13 percent of U.S. GDP. In addition, last year, U.S. services exports tallied another strong year. In fact, business services; telecommunications, computer and information services; and travel all reached export increases of more than $1 billion.

  • Submitted on 18 April 2016

    Created on April 18, 2016

    Earlier today, the International Trade Administration (ITA) released seven new Top Markets Reports to provide the latest assessment of export opportunities for U.S. companies that attend the world’s largest annual trade show for industrial technology: Hannover Messe 2016.

    The Top Markets series is a collection of sector-specific reports that are designed to help U.S. exporters compare markets across borders, using market intelligence and data to inform decision-making. Providing new market intelligence, the reports related to the Hannover Messe pavilions and themes are:

  • Submitted on 18 April 2016

    Created on April 18, 2016

    Tariff ToolWith the launch of the Free Trade Agreement (FTA) Tariff Tool in 2011, the International Trade Administration (ITA) provided a first-of-its-kind way for U.S. businesses to calculate the tariff benefits for their products in U.S. free trade agreement partner countries. ITA has now expanded that tool to include tariff information for the 11 countries that recently signed the Trans-Pacific Partnership (TPP).

    For any exporter, especially an SME, researching the tariff rate for their product in an FTA partner market can be costly and time consuming.  The tariff schedules among our 11 TPP partners account for thousands of pages in the agreement.  If an exporter is lucky enough to find out where their specific product is in the tariff schedule, they may still have challenges determining what that tariff will be next year, or in five years, or in 10 years. Businesses – especially smaller companies – need this information for sound business planning in the medium and long term.

  • Submitted on 28 March 2016

    Created on March 28, 2016

    This post concludes Tradeology’s three-part series of Tips for Trade Show Success. Read part one and part two to get even more helpful tips!

    Follow-up dos and don’ts

    The trade show has ended and you are excited to follow up on all the leads generated at the show. Here are some tips to help make your time and investment at the show pay off:

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