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Global Opportunities and New Markets


  • Submitted on 28 March 2014

    Created on March 28, 2014
     

    Reverse Trade Missions bring foreign buyers to the United States, pending an upcoming procurement, in order to observe the design, manufacture, demonstration and operation of U.S. products and services that can help them achieve their development goals. These strategically planned missions also present excellent opportunities for U.S. businesses to establish or enhance relationships with prospective overseas customers.

    In 2013 USTDA funded 24 reverse trade missions that introduced U.S. company representatives to key foreign decision-makers, including senior governmental and private sector officials from high-growth markets. The reverse trade mssions target current and near-team business opportunies, often creating immediate results and export successes for U.S. businesses.

  • Submitted on 05 February 2014

    This blog was originally posted on the U.S. Department of Commerce website.

    Created on February 5, 2014
     

    Secretary Pritzker meeting with Mexico Secretary of Economy IIdefonso Guajardo VillarrealU.S. Secretary of Commerce Penny Pritzker officially began her five-day trade mission to Mexico on February 3rd, starting the trip in Mexico City. She is joined by representatives from 17 U.S. companies looking to expand partnerships and develop effective strategies for accessing and doing business in the Mexican market.

    The focus of this trade mission is to promote U.S. exports to Mexico by helping export-ready U.S. companies launch or increase their business in a number of key industry sectors including advanced manufacturing, information and communications technology, and health IT and medical devices. The companies joining the Secretary address the demand of these growing industries in Mexico.

    “The 17 companies who have joined me on this important mission represent the best of American business. These outstanding and innovative companies understand that selling American products overseas is a crucial component to growing and creating jobs,” U.S. Secretary of Commerce Penny Pritzker said.  “I am delighted we can help these companies expand their presence in Mexico through this business development mission.”

  • Submitted on 24 January 2014

    Created on January 24, 2014
     

    National Export Initiative Connects Businesses with World Markets

    World Map and ChartsDid you know that according to the latest U.S. Census Bureau data, minority-owned firms are twice as likely to export as other U.S.-owned businesses? The data indicates that minority-owned firms are best positioned to succeed and expand in the growing global economy. With 95 percent of the world’s consumers outside of the United States, exporting enables businesses to boost their bottom line while building their international competitiveness. For many U.S. firms, international diversification has enabled them to weather changes in the economy much better than if they had been selling only in their backyard.

    That said, many more minority-owned firms could be exporting more. Many business owners that I meet don’t export, in part because they believe exporting is too burdensome, or they’re unaware of the various resources available to assist them. However, expanding your business through exporting is more viable today than ever before. If you have a good track record of selling in the United States, one of the most open and competitive markets in the world, you are likely a good candidate to make overseas sales.

    In 2010, President Obama launched the National Export Initiative (NEI),aimed at expanding federal government-wide efforts to assist exporters while supporting millions of U.S. jobs.  These efforts have helped contribute to record U.S. exports culminating in an all-time high of $2.2 trillion in 2012. As a result of the NEI, more and more businesses are taking advantage of key export tools and resources to expand their global market share.

  • Submitted on 13 January 2014

    Created on January 13, 2014
     

    Look South LogoDuring President Barack Obama’s Weekly Address, he expressed that, “Latin America represents an incredible opportunity for the United States, especially when it comes to my top priority as President: creating good, middle-class jobs… Right now, over 40 percent of our exports go to the Americas.”

    As part of the Obama administration’s continued work to promote exports and strengthen the U.S. economy, U.S. Secretary of Commerce Penny Pritzker unveiled "Look South,” a new initiative aimed specifically at increasing U.S. trade with Latin American economies with whom the U.S. has free trade agreements (FTA).

    Look South is part of the Commerce Department’s “Open for Business Agenda,” and supports President Obama’s National Export Initiative by encouraging the expansion of export markets. Minority business enterprises (MBEs) are uniquely positioned to benefit from the Look South effort, which will help them expand to new export markets and generate more revenue. MBEs are twice as likely to export compared to non-minority firms, more than three times as likely to generate 100 percent of all their sales from exports, and are better able to expand abroad because of linguistic and cultural ties to a region. View Minority-Owned Firms Lead the Nation in Exporting Fact Sheet

  • Submitted on 30 December 2013

    Created on December 30, 2013
     

    Canada USA FlagsThe U.S. Commercial Service and the Embassy of the United States of America in Canada is pleased to announce our upcoming webinar series on “The Logistics of Doing Business in Canada.” The North American Free Trade Agreement (NAFTA) has made doing business in Canada easier, however, many questions still exist.

    This webinar series will give you the opportunity to get answers to the most frequently asked questions, as well as answer your specific questions.

  • Submitted on 20 December 2013

    Created on November 4, 2013
     

    BuildingsAnnouncing two unprecedented opportunities for U.S. economic development organizations to participate in SelectUSA events in Hong Kong, Shenzhen, and Guangzhou in early 2014.

    January 13 - 14, 2014 - SelectUSA Booth at the Asian Financial Forum (AFF), Hong Kong Convention and Exhibition Centre

    The U.S. Commercial Service team in Hong Kong is recruiting interested U.S. economic development organizations (EDOs) with concrete investment projects to participate at the sixth annual Asian Financial Forum on January 13 - 14. AFF brings together members of the global financial and business community to discuss developments and trends across markets in Asia. Participating EDOs will be hosted at the SelectUSA booth in the AFF Investment Zone. The fee to participate is $950 per person, which grants full access to the two-day conference, two keynote lunches, networking receptions, the DealFlow meetings, and more.

    To learn more about participating as part of the SelectUSA Booth, contact Scott Shaw at scott.shaw@trade.gov. To learn more about AFF, visit www.asianfinancialforum.com/en/index.htm.

  • Submitted on 26 November 2013

    Created on November 26, 2013
     

    Doing Business in AfricaActing Deputy U.S. Commerce Secretary Patrick Gallagher delivered remarks at “From DC to Africa: Growing Local, Going Global,” a business forum hosted by the D.C. Office on African Affairs to raise awareness of opportunities for U.S. companies to do business in Africa. D.C. Mayor Vincent Gray also gave remarks at the forum and introduced Dr. Gallagher.

    The event also marks the first anniversary of the launch of the Commerce Department’s Doing Business in Africa Campaign (DBIA) by then-Acting Commerce Secretary Rebecca Blank in Johannesburg, South Africa.

    Last year, President Obama issued the U.S. Strategy Toward Sub-Saharan Africa and said the region is poised to be the world’s next greatest economic success story. In fact, sub-Saharan Africa is home to six of the ten fastest-growing economies in the world. U.S. exports to Africa currently top $21 billion a year, and enormous opportunities exist for more U.S. companies to export goods and services there. DBIA works to take advantage of those export and investment opportunities by encouraging more robust commercial engagement in sub-Saharan Africa.

  • Submitted on 07 November 2013

    Created on November 7, 2013
     

    Secretary Pritzker Secretary of Commerce Penny Pritzker wrapped up the inaugural SelectUSA 2013 Investment Summit, following two high-impact days of meetings and discussions among senior government officials, major business executives, global economic experts and U.S. economic development officials about strategies to increase foreign direct investment (FDI) in the United States.

    Secretary Pritzker also opened the final day of the Summit, where she announced changes to the eligibility requirements for the Manufacturing Council that will allow representatives from U.S. subsidiaries of foreign-owned or controlled firms to become members. The expanded eligibility rules will add new perspectives to the Council, which advises the Commerce Secretary on policies and initiatives to increase FDI in the U.S. manufacturing sector, including SelectUSA.

  • Submitted on 31 October 2013

    Created on October 31, 2013
     

    The SelectUSA 2013 Investment Summit is at capacity, but that doesn’t mean investors around the world who couldn’t register can’t be a part of the event.

    If you haven’t heard, we’ll be pairing investors from around the world with federal and state leaders to find the best investment opportunities in the country. Economic development organizations (EDOs) representatives from 47 states, three U.S. territories, and Washington, D.C., will be there. Companies representing 60 worldwide markets will be in attendance.

    President Obama has made attracting FDI a priority, and he will provide the keynote address, along with many senior officials from his administration and leaders from the private sector.

  • Submitted on 30 October 2013

    Created on October 30, 2013
     

    USTDADates: November 3-14, 2013

    Location: Washington, D.C.; San Diego, Sacramento and San Francisco, CA

    The U.S. Trade and Development Agency (USTDA) is supporting a regional Reverse Trade Mission (RTM) intended to introduce 13 officials and project developers in the waste-to-energy and related biomass power subsector in Indonesia, the Philippines and Thailand to relevant U.S. industry suppliers, service providers and regulators. This regional activity will support USTDA's effort as part of the U.S.-ASEAN Connectivity Cooperation Initiative as well as the U.S.-Asia-Pacific Comprehensive Energy Partnership.

    There will be a Business Briefing for U.S. companies to meet with the delegates in order to learn more about specific project opportunities and upcoming procurements on Tuesday, Nov. 12th in San Francisco, CA.

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