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Global Opportunities and New Markets


  • 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:

  • Submitted on 23 March 2016

    Created on March 23, 2016
     

    Here are a couple of cheats for looking approachable without being too uncomfortable:

    1.    Wear good shoes: it sounds simple but it makes a huge difference and you won’t get caught doing the “trade show shuffle”

    2.    Upgrade to the premium carpet padding: your feet will thank you, and some buyers will stop by just to rest their aching feet

    3.    Get counter height tables and bar stools: instead of regular height tables and chairs, get a counter height table, drape it so you can’t see behind it, and lean against a bar stool.  You’ll look like you’re standing up and available, but you can surreptitiously rest your feet in between contacts.

    4.    Fake it ‘til you make it: smile through the pain during the lulls, and when you’re talking to an important client, you won’t even notice your aching feet!

  • Submitted on 15 March 2016

    Created on March 15, 2016
     

    As many of us know, Trade Shows can be a prime location to seal deals and make new connections. This is the first of a three part Tradeology blog series to help your business succeed at the next trade show. Stay tuned for part two.

    At the Show

    Anyone who has exhibited at one or more trade shows inevitably has a horror story to share: missing graphics, lost shipments, brochures lost in the mail, booths breaking during setup, etc.  While these are indeed terrible incidents, the real horror stories are those of companies from the United States traveling halfway around the world to exhibit at a trade show, spending $15,000 - $20,000 cash, plus countless employee hours…and then spending most of the show on their iPhone, or not taking the time after the show to properly follow-up on leads.

  • Submitted on 11 March 2016

    Created on March 11, 2016
     

    One of the larger trade categories, Information and Communication Technology (ICT) Goods includes optical fibers, audio-video equipment, television reception apparatus, coaxial cable, and batteries, in addition to those items covered by the World Trade Organization's Information Technology Agreement, whose coverage was recently expanded to include over 200 new product categories. These items range from machines that bring the Internet into our homes; entertainment to our televisions, radios, and mobile devices; processing power to cash registers and point of sale systems; all the way to the crucial technologies needed to help teach children across the world.

    Technology plays a critical role in both economic growth and job creation in the United States.

  • Submitted on 11 March 2016

    Created on March 11, 2016
     

    The U.S. Trade and Development Agency will host three reverse trade missions this spring designed to introduce delegates from high-growth emerging markets to U.S. providers of energy storage solutions.

    The delegates include public and private sector officials from Jordan, South Africa, Brazil, Colombia, India, the Philippines, Turkey and Vietnam. These countries are planning to make significant investments in energy storage solutions in order to provide affordable, reliable power to consumers and to integrate renewable energy onto their grids. The delegates aim to implement energy storage projects, purchase energy storage solutions and learn more about financing mechanisms and policies that support energy storage deployment.

  • Submitted on 10 March 2016

    Created on March 10, 2016
     

    The Phoenix MBDA Business Center in collaboration with the Secretaría de Desarrollo Económico - Baja California (SEDECO) bring you an exciting opportunity to visit key companies in Mexicali, make new connections, identify new opportunities and potential partners at the targeted business to business forum.

    FOCUS: AEROSPACE, MEDICAL DEVICES, AND ELECTRONICS. (Automotive tentative)

  • Submitted on 10 March 2016

    Created on March 10, 2016
     

    Join the U.S. Commercial Service and the South Florida District Export Council for Discover Global Markets: The Americas. This conference brings together trade experts, economists, industry professionals, and U.S. commercial diplomats via panels and executive meetings to address opportunities, challenges, and winning strategies across the region. Your firm will leave this conference with the critical next steps needed to transform market potential to market success in markets of interest across the Western Hemisphere.

    Meet One-on-One with U.S. Commercial Diplomats:

    Whether to explore market opportunities or receive help in overcoming challenges, meet with U.S. commercial diplomats from throughout the Western Hemisphere to get your questions answered.

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