Russia Officially Joins the World Trade Organization: What it Means for American Businesses and Workers
August 24, 2012 Leave a comment
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Helping To Grow and Protect Your Business Abroad
August 24, 2012 by Alexander Gordin Leave a comment
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Filed under Expand your business abroad Tagged with Ambassador Kirk, Fluent In Foreign, international business, Russia, U.S. Exports, USTR, WTO
April 21, 2012 by Alexander Gordin Leave a comment
Although the article below by the U.S. Trade Representative is pretty partisan and self-serving, it does underscore one very important and often overlooked point. Services are an extremely vital component of the U.S. economic engine and their exports are very undervalued activity with massive expansion potential. As the global economy expands, demand for high quality services in such areas as engineering, architecture, interior design, construction management, legal, consulting, education, insurance, micro-finance and many others, expands with it. U.S. originated services are very highly regarded around the world and are very competitive. They may be financed by U.S. Ex-Im bank in the same manner as manufactured goods. Yet, not enough U.S. firms make efforts to export services globally.
Yes, providing U.S. services in foreign countries often requires higher degree of customization and understanding of the local market. It requires a lot of support and handholding. It requires more rigorous risk mitigation and compliance tools then those utilized by exporters of manufactured goods. Partner due diligence, intellectual property and trademark protection and management need to be more prudently addressed, export credit insurance put in place for services provided on open account, proactive public relations and political risk insurance explored for activities such as ongoing technical assistance revenue and ongoing royalty payments. At the same time service providers avoid customs, shipping and warehousing, often treacherous activities faced by conventional exporters who ply their wares in the emerging and frontier markets. Also, with the advent of technology many service providers can leverage modern video and teleconferencing to help augment the process and reduce costs of entry into the target markets.
In short, as conventional manufacturers battle for their export market shares and as competition from China, Vietnam, Europe and Japan forces many U.S. firms to move production or assembly into local markets to be closer to consumer, exports of services still represent a fantastic upside for American firms and many more should explore ways to enter the arena of international business. In our daily work with exporters, franchisors and investors, we see disproportionate number of service oriented businesses seeking to expand internationally and are delighted at the degree of high demand they experience from markets as diverse as China, UAE, Turkey, Philippines, Singapore, So. Korea, Brazil, Mongolia, Russia and Canada. As our nation seeking to bolster its economy through international expansion, American service firms must aggressively adapt and convert their mentality into one of global scope. Opportunities are simply too vast to pass up and a very coveted moniker of “Made In the USA” should become synonymous not only with U.S. manufactured goods, but services, as well.
Most people may think of Made-in-America exports as tangible goods such as heavy equipment and agricultural products, but the Obama administration has been seeking markets for American exports of all kinds—including services. The United States today is a services trading powerhouse, and it’s vital that we build on our already robust services surplus with dynamic new opportunities.
Next month, the U.S. will host the 12th round of negotiations in the Trans-Pacific Partnership. Those critical talks will follow closely on the heels of a number of key engagements with America’s global trading partners, including last week’s Summit of the Americas, this week’s meetings of the G-20 trade ministers, and May’s Strategic and Economic Dialogue with China. In June, the trade ministers of the Asia-Pacific Economic Cooperation forum (APEC) will meet in Russia.
In all of these fora, the U.S. will be seeking new avenues for American businesses to sell more of their products around the world, and to hire more workers in the services sector, which already accounts for four out of five American jobs.
The U.S. is the largest services trading country in the world, with $1 trillion in two-way trade in 2011 and a services trade surplus last year of $179 billion (up 23% from 2010). In what economist Bradford Jensen defines as the fastest-growing services sectors, Bureau of Economic Analysis data show that the U.S. in 2010 had a trade surplus of $57 billion with the Asia-Pacific region, of $44 billion with the European Union, of $35 billion with the countries covered by the North American Free Trade Agreement (Canada and Mexico), and of $25 billion with the rest of Latin America. America’s robust services exports reduced its overall trade deficit by 24% in 2010.
Much of America’s services success comes from the significant market-access provisions negotiated in our bilateral trade agreements. Because the U.S. has few barriers to the import of services, a huge benefit comes from provisions in new trade agreements providing American firms access to overseas services markets.
Just last month, for example, the U.S.-South Korea pact signed by President Obama entered into force, opening South Korea’s $580 billion services market. Already American firms are benefiting in sectors ranging from legal services to information and communications technology. The Colombia and Panama agreements, both soon to be implemented, will open those countries’ services markets wider as well
The Obama administration believes the U.S. services sector can do even more business overseas.A commitment to services exports is why services and investment are a cornerstone of the current nine-country Trans-Pacific Partnership negotiations, in which the U.S. is seeking broad, nondiscriminatory market access for a wide range of services. We are also pushing to establish the fairness of competitive express-delivery markets, to set new e-commerce principles that would support electronic delivery of services without forcing American providers to locate servers overseas, and to ensure that U.S. investors can use U.S. technology and aren’t forced to favor another country’s technology. We also worked during the recent visit of Chinese Vice President Xi Jinping to secure a commitment from China to open its market for American providers of automobile insurance.
The Obama administration is enforcing and asserting the rights of U.S. services providers around the world, from the September 2010 case we filed at the World Trade Organization to open China’s electronic payment services market, to the agreement that Vice President Joe Biden struck in February on distribution services for high-quality American films in China.
Service industries are vital to U.S. economic growth and employment, so the Obama administration is working every day to ensure that services exports support more and more jobs here at home.
Mr. Kirk, a former mayor of Dallas, is the United States trade representative.
Filed under Expand your business abroad Tagged with Alexander Gordin, Ambassador Kirk, Brazil, China, emerging markets, Fluent In Foreign, global commerce, Mongolia, Philippines, political risk insurance, President Obama, Russia and Canada, Singapore, So. Korea, Turkey, U.S. - South Korea Free Trade Agreement, UAE
November 20, 2011 by Alexander Gordin Leave a comment
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November 6, 2011 by Alexander Gordin Leave a comment
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October 5, 2011 by Alexander Gordin Leave a comment
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September 13, 2011 by Alexander Gordin Leave a comment
...We honor memories of all who died in the attacks of September 11th…Members Named to Seven Agricultural Trade Advisory Committees
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Statement by Ambassador Michael Punke CCairns Group Ministerial Meeting * As Delivered * “Let me begin today by expressing the appreciation of the United States to members of the Cairns Group, and especially to Ministers Ritz and Emerson, for the invitation to participate in this ministerial meeting. Ambassador Kirk regrets very much that the press of important business with the U.S. Congress prevented him from joining you, and he has asked me to convey his personal appreciation for your invitation to Ambassador Siddiqui and me to stand in his place. “We have learned through the years that our engagements with the Cairns Group consistently enrich our own consideration and development of U.S. trade policy. This is grounded in our shared commitment to the WTO. The WTO continues to prove its vitality as guardian of the rules for international trade, and also as a unique and effective forum for dispute resolution. Throughout the ten years of difficult Doha negotiations and global economic crises, the transparent, predictable and rules-based multilateral trading system embodied by the WTO has served as an effective bulwark against protectionism and has provided its Members with an essential source of sustainable economic growth, development, and job creation. That’s the good news – and we shouldn’t allow it to be overlooked. But nor should we sugarcoat the Doha Round’s current problems. “We have found that the Cairns group is a good group for brainstorming. And the need for brainstorming is particularly critical right now, as we face a highly uncertain, but undoubtedly difficult, road ahead on the Doha Development Agenda. “Like all of us here, the United States has serious concerns about the overall state of the Round, including the significant challenges confronting WTO Members as we prepare for the 8th Ministerial Conference of the WTO in just three months’ time. “When they meet in December, ministers will confront a variety of different perspectives on the Round, its prospects, and its forward path. And there is a distressingly short period of time to figure out, collectively, what to do. Read the rest of the statement here. |
United States Prevails in WTO Dispute about Chinese Tire Imports9/5/2011WASHINGTON, D.C. – Today United States Trade Representative Ron Kirk announced that the World Trade Organization (WTO) Appellate Body found in favor of the United States in a dispute brought by China challenging the imposition of additional duties on imports of Chinese tires. A WTO panel had rejected all of China’s claims against the United States, finding that the United States acted consistently with its WTO obligations in imposing the additional duties. The Appellate Body, in turn, rejected all of China’s claims on appeal. “This is a tremendous victory for the United States as well as for American workers and manufacturers. We have said all along that President Obama’s decision to impose duties on Chinese tires was fully consistent with our WTO obligations. A WTO panel agreed with us and now the Appellate Body has confirmed it,” said Ambassador Kirk. “The Obama Administration will continue to fight for U.S. jobs and businesses. We will use our trade laws to stand up for our workers and address harm to them.” BACKGROUND On September 11, 2009, the President imposed additional duties on imports of certain passenger vehicle and light truck tires from China for a period of three years in order to remedy the market disruption caused by those imports, as determined by the U.S. International Trade Commission (USITC). This safeguard measure was imposed in response to a petition filed by the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers Union under section 421 of the Trade Act of 1974, as amended (19 U.S.C. § 2451). Section 421 implements the transitional safeguard contained in Section 16 of China’s Protocol of Accession to the WTO. China alleged that the USITC’s determination regarding market disruption and the level and duration of the additional duties were inconsistent with the Protocol of Accession and the GATT 1994. In addition, China alleged that the section 421 definition of “significant cause” was in and of itself inconsistent with the Protocol of Accession. A WTO panel sided with the United States and rejected all of China’s claims in a report circulated in December 2010. China appealed with respect to the panel’s findings regarding the USITC determination. The Appellate Body’s report can be found here. |
USTR Statement Regarding the Trans-Pacific Partnership Negotiations9/5/2011WASHINGTON, D.C. – The Office of the United States Trade Representative issued the following statement today regarding the planned Trans-Pacific Partnership negotiations in Chicago, IL this week. “We are pleased to bring trading partners to Chicago this week from eight economies in the Asia-Pacific region. The Administration’s goal is to craft a high-standard, 21st-century agreement that tackles the tough issues of trade in creative and thoughtful ways, with considerable input from the broadest range of stakeholders, in order to boost trade and investment and support the creation and retention of jobs,” said Assistant U.S. Trade Representative Carol Guthrie.“During the Chicago round, the U.S. Government will be hosting a forum at which nearly 250 stakeholders representing business, academic groups and the public will be given an opportunity to make presentations on issues related to the TPP negotiations. Last year we invited stakeholders to engage at the June TPP negotiating round in San Francisco. We have invited stakeholder attendance during every subsequent round. Thanks to this and other outreach, we already have had considerable input from the broadest range of stakeholders as we have been developing our proposals for the negotiations. We very much look forward to receiving further input from these stakeholders and expect that, as always, their contributions will inform the discussions of negotiators in this U.S.-hosted round of talks.” |
USTR.gov HEADLINES The American Jobs Act: Putting Americans Back to Work On Thursday, September 8 President Obama unveiled the American Jobs Act to the public. Part of the President’s strategy to rebuild the economy, the legislation is a set of ideas supported by both Democrats and Republicans that will help to put Americans back to work without adding anything to the deficit. It will help workers find jobs through investment projects, tax cuts for workers and for businesses, support for the long-term unemployed and more. The American Jobs Act will make a real difference for real Americans who want to support their families, send their kids to school and save for retirement. The jobs it helps to create will be jobs in your community, for teachers laid off from state budget cuts, veterans returning from Iraq and Afghanistan, first responders, and construction workers who can help to rebuild our roads and bridges and schools. And it does more for those who have been unemployed for a long time, helping them support their families while they look for work and reforming the system to better connect them to real jobs. Through the American Jobs Act, President Obama is rebuilding the economy the American way: based on balance, fairness and the same set of rules for everyone. It will create the jobs of the future by investing in small business entrepreneurs, education, and making things the world buys – something we know about at USTR, and why we’re also working for the passage of job-creating trade agreements with South Korea, Colombia, and Panama. The President will send the American Jobs Act to the Hill next week. Congress must act immediately to create more jobs and put more money in Americans’ pockets right now. |
Filed under Expand your business abroad Tagged with Ambassador Kirk, global commerce, global trade, international expansion, Princeton Council on World Affairs, U.S. Exports, USTR
September 8, 2011 by Alexander Gordin Leave a comment
Naturipe: Connecting Farmers to a Global Marketplace with a Craving for Made in America Berries
August 26, 2011
Naturipe Farms is one of a number of U.S. agricultural businesses entering the global market and seizing opportunities to export American-grown food.
Naturipe Farms is a joint venture created by Michigan Blueberry Growers Marketing (MBG), Horifrut SA Naturipe Berry Growers (NBG) and Munger Farms. They saw an opportunity to form a partnership under a common brand and approaching the marketplace under a unified “One Voice” theme. By joining together the growers are able to provide smooth transitions of the multiple harvest seasons across the U.S and provide a consistent supply of berries to clients and consumers in the US and around the globe. Naturipe includes hundreds of berry farms in states across the country from Florida to Michigan to New Jersey and California to Washington. Berry farmers rely on Naturipe to market and export their strawberries, raspberries, cranberries, and blackberries to consumers, retailers and restaurants around the world.
These farmers are working together to provide a consistent supply of fresh berries all year round by strategically streamlining their distribution of fresh berries to customers. Teamwork has allowed these individual agricultural businesses to gain a competitive advantage by delivering what retailers and other customers want. This includes consistency in food safety standards, packaging, delivery, better products at competitive prices, and most importantly, a reliable supply of fresh berries throughout the year without pause.
“The ability to supply fresh berries throughout the year has significantly increased the consumption of berries throughout the world. We are seeing that more and more markets want to buy U.S. agricultural products because the ‘Made in America’ brand means high quality and trustworthy food standards,” says Naturipe’s VP of Marketing Robert Verloop. “Demand is growing, especially in the Asia-Pacific region in countries like Japan, Hong Kong, China and Taiwan. As more international customers are coming across our fresh berries, and the reputation for better quality and standards of U.S.-grown fruit rises, the more demand rises as well.”
USTR is working hard to open market access for farmers like Naturipe’s berry growers. The quality of U.S.-grown products has repeatedly proven to win over new customers overseas, and USTR wants to help lower tariffs and other trade barriers so that U.S. products can compete fairly in international markets. That’s why the Obama Administration is emphasizing the importance of export opportunities in our trade agreements to growing the economy.
“Trade agreements can help us meet those demands with lower tariffs, and allow our farmers to increase their production and become more competitive.”
Announcement from the Small Business Administration:
Tell us your Export Story: Announcing SBA’s YouTube Export Video Contest
SBA is teaming up with Visa to ask small business owners: “Where will your next customer come from?”
To recognize successful exporters and get the word out about how the federal government can help, we’re sponsoring the YouTube Export Video Contest. The contest, presented in partnership with the National Export Initiativeand Export.gov, will award monetary prizes to five successful small business exporters representing a variety of industries.
American small businesses looking to expand are going global. There are a number of advantages to exporting: reaching new customers, increasing sales and profits, and becoming less dependent on domestic demand, to name several. In fact, over two-thirds of the world’s purchasing power is based outside the U.S., where the vast majority of consumers reside. The U.S. government stands ready to help your small business get started in exporting, with an array of programs, tools and resources.
We want to hear your exporting story in a short, original video submitted to YouTube.
Winners will be given cash prizes, an expenses-paid trip to be honored at the National District Export Council Conference** in Las Vegas, Nevada from November 2-5, 2011, and $1,000 towards a Commerce Department Gold Key service, or various other trade-related events.
U.S. small businesses that have made at least one exporting transaction are elgible.*
To enter, submit your video starting August 1, 2011 through September 3, 2011, and tell us: where will your next customer come from? For more information, visit the official contest website: http://www.sba.gov/exportvideocontest.
Additional resources for exporting:
SBA Guide to Exporting and Importing
SBA’s Export Business Planner Tool
*Please see our full Contest Rules before submitting your video
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Filed under Expand your business abroad Tagged with Alexander Gordin, Ambassador Kirk, Fluent In Foreign, global trade, international business, U.S. Manufacturing, USTR
August 28, 2011 by Alexander Gordin Leave a comment
Ambassador Marantis Emphasizes the Importance of Trade Agreements for Georgia Businesses at the Port of Savannah August 22, 2011 This afternoon, United States Deputy Trade Representative Demetrios Marantis traveled to Savannah, Georgia to highlight the job-creating benefits of the pending trade agreements with Korea, Colombia, and Panama. Ambassador Marantis was welcomed to the port by Savannah Mayor Otis Johnson, as well as Georgia Ports Authority Chairman Alec Poitevint and Executive Director Curtis Foltz. Read more USTR Announces Agreement between the U.S. and Israel to Reaffirm Commitment to Expand Bilateral Trade and Investment August 26, 2011 Washington, D.C.- Deputy United States Trade Representative Ambassador Miriam Sapiro and Israel’s Director General of the Ministry of Industry, Trade, and Labor, Sharon Kedmi, this week reached agreement on a process to further their shared commitment to expand trade and investment between the United States and Israel. They applauded progress on trade and investment issues since a meeting between Ambassador Kirk and Minister Ben Eliezer in Washington in October 2010, and agreed to a plan that will guide future discussions and develop further as those discussions evolve. They also agreed to redouble their efforts to make further progress ahead of the U.S.-Israel Free Trade Agreement (FTA) Joint Committee meeting, to be held later this fall. “The Obama Administration places great importance on the relationship between our countries, and we will continue our collaborative efforts to expand trade and investment opportunities for American and Israeli exporters and investors,” said Ambassador Sapiro. The two sides also agreed to explore ways to realize fully the potential benefits of the U.S.-Israel trade agreement, including through the further liberalization of trade in services and agriculture and the removal of trade-restrictive measures. Ambassador Sapiro and Director General Kedmi also committed to consider cooperation in other areas, including addressing regulatory issues which might be impeding the movement of goods, services and capital between the two countries, in consultation with relevant stakeholders.
New Online Tool will Support American Jobs in the Textile Industry, Enhances Trade and Investment in the United States, Central America, and the Caribbean August 23, 2011
Las Vegas, NV – Yesterday at the MAGIC textile trade show, USTR announced the launch of a new online directory that will help to enhance textiles trade and attract job-supporting investments to the United States and six trading partners who are parties to the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). Gail Strickler, Assistant U.S. Trade Representative for Textiles, and Daniel Vasquez, Senior Trade Consultant at the Inter-American Development Bank (IDB), took part in the launch.
The DR-CAFTA Sourcing Directory is a timely and practical tool that will help American firms and their estimated 395,000 workers in the U.S. textile industry seize regional trade opportunities in support of small businesses and jobs here at home. Building better connections between textile buyers and manufacturers will facilitate additional investment in the region, including increased sourcing of textiles and apparel in CAFTA-DR member countries, as well as attract increased sourcing of textiles and apparel to the Western Hemisphere.
The Directory will be featured at MAGIC from August 21-24 in the first ever “Sourcing in the Americas Pavilion,” hosted jointly by USTR and the U.S. Department of Commerce. The Pavilion will also feature 75 exhibitors from throughout the Western Hemisphere, including booths sponsored by the U.S. Department of Commerce (Office of Textiles and Apparel) and the Textile and Apparel Business Council of Central America and the Dominican Republic (CECATEC).
You can view the directory here.
You can view background information here.
United States and Liberia Review Progress in Deepening, Expanding Trade and Investment Relationship August 19, 2011
WASHINGTON, D.C. – U.S. and Liberian officials met this week in Washington to review progress in deepening their partnership on trade and investment under the United States-Liberia Trade and Investment Framework Agreement (TIFA). This was the third meeting of the United States-Liberia TIFA Council, which provides a high-level forum for advancing cooperation on bilateral trade and investment issues.
Deputy U.S. Trade Representative Demetrios Marantis and Liberian Minister of Commerce & Industry, Miata Beysolow, co-chaired the day-long meeting on Wednesday, August 17, which examined the two governments’ work together on a number of trade-related issues, including: implementation of the African Growth and Opportunity Act (AGOA), trade capacity building, export diversification, trade and investment promotion, infrastructure issues, and Liberia’s accession into the World Trade Organization (WTO).
Minister Beysolow was accompanied by a high level delegation of Liberian Government officials, including Minister of Agriculture, Florence Chenoweth; Minister of Post and Telecommunications, Frederick Norkeh; Minister of Transport, Willard Russell; Chairman of the National Investment Commission, Natty B. Davis; Deputy Minister of Finance for Revenue, Elfrieda Tamba; Deputy Minister for Economic Affairs and Policy, Sebastian Muah; and Assistant Minister of Commerce and Industry, Aletha Brown.
“Since the TIFA was signed in 2007, the United States and Liberia have made huge strides in strengthening our engagement on bilateral trade and investment,”said Ambassador Marantis, “and we have seen increased trade in both directions as a result. Liberia offers enormous potential and opportunity for trade and investment. We plan to use the U.S.-Liberia TIFA Council to develop specific initiatives to expand economic opportunities for workers, farmers, businesses, and consumers in both countries.”
Following government-to-government consultations under the TIFA, meetings were held with the U.S. business community at the U.S. Chamber of Commerce and the Corporate Council on Africa. During these meetings Liberian officials outlined the many policy, legal, and regulatory steps that have been taken to encourage investment in Liberia and U.S. businesses had the opportunity to discuss their interests and questions about doing business in Liberia.
In 2010, the U.S. and Liberia’s total two-way goods trade was $370 million. U.S. goods exports to Liberia totaled $190 million in 2010, up 102 percent from the previous year. Top U.S. exports were medical instruments, vehicles, cereals, and iron and steel products. U.S. goods imports from Liberia totaled $180 million in 2010, up 124 percent from the previous year. Top imports from Liberia last year were rubber, oil, and precious stones (diamonds).
You can view background information here. |
USTR.gov HEADLINES Haitian Apparel Producers Showcase Products at MAGIC August 24, 2011
This week, the Textiles team at USTR is attending the MAGIC trade show in Nevada. MAGIC is the largest trade event for the textiles and apparel industry in the United States, convening thousands of business leaders in textiles, fashion and accessories twice a year to share planning and sourcing tools. The trade event kicked off in Las Vegas on Sunday and will wrap up today.
This week at MAGIC, over 20 Haitian firms are showcasing garments from t-shirts to tuxedos at the “Sourcing in the Americas” Pavilion. Sponsored by the U.S. Agency for International Development (USAID), the “Made in Haiti” exhibit showcases the Plus One for Haiti program and the continued recovery and growth in the Haitian apparel industry. The Haitian companies are present along with other regional manufacturers in a series of events at the Pavilion designed to strengthen the textile and apparel supply chain in the Western Hemisphere.
U.S. Trade Representative Ron Kirk launched the Plus One for Haiti program at last year’s February 2010 Magic convention in the wake of the devastating earthquake. As part of U.S. efforts to aid in Haiti’s economic recovery, this initiative encourages U.S. brands and retailers to work towards sourcing 1 percent of their total apparel purchases from Haiti. Read more
Foremost Farms: U.S. Farms Benefit From Global Consumption August 23, 2011
Foremost Farms USA, headquartered in Baraboo, Wis., is a farmer-owned cooperative and dairy processor. Their members’ farms are located in Wisconsin, Minnesota, Iowa, Illinois, Indiana, Ohio and Michigan. This cooperative manufactures raw milk into cheese, butter, and a variety of whey ingredients, a byproduct of cheese-making. Foremost Farms’ Director of Communications & Brand Management, Joan Behr, attributes part of the cooperative’s success to unique advantages in this region of the world not often found elsewhere. Good weather and fertile land that produces forage and healthy grains to feed cattle, combined with a solid infrastructure, allow the dairy farms of this region to produce delicious and nutritious milk. Read more
Tell us your Export Story: Announcing SBA’s YouTube Export Video Contest
SBA is teaming up with Visa to ask small business owners: “Where will your next customer come from?”
To recognize successful exporters and get the word out about how the federal government can help, we’re sponsoring the YouTube Export Video Contest. The contest, presented in partnership with the National Export Initiativeand Export.gov, will award monetary prizes to five successful small business exporters representing a variety of industries.
American small businesses looking to expand are going global. There are a number of advantages to exporting: reaching new customers, increasing sales and profits, and becoming less dependent on domestic demand, to name several. In fact, over two-thirds of the world’s purchasing power is based outside the U.S., where the vast majority of consumers reside. The U.S. government stands ready to help your small business get started in exporting, with an array of programs, tools and resources.
We want to hear your exporting story in a short, original video submitted to YouTube.
Winners will be given cash prizes, an expenses-paid trip to be honored at the National District Export Council Conference** in Las Vegas, Nevada from November 2-5, 2011, and $1,000 towards a Commerce Department Gold Key service, or various other trade-related events.
U.S. small businesses that have made at least one exporting transaction are elgible.*
To enter, submit your video starting August 1, 2011 through September 3, 2011, and tell us: where will your next customer come from? For more information, visit the official contest website: http://www.sba.gov/exportvideocontest.
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August 21, 2011 by Alexander Gordin Leave a comment
Ambassador Kirk Highlights the Importance of Increasing Agricultural Exports in Sacramento August 19, 2011 After visiting Los Angeles and San Francisco as part of a three-day jobs tour, Ambassador Kirk traveled to Sacramento, California on Thursday to host an agriculture roundtable discussion with Secretary of the California Department of Food and Agriculture Karen Ross. The roundtable focused around how the pending trade agreements with South Korea, Panama, and Colombia will benefit California’s workers, businesses and farms. Ambassador Kirk Highlights the Importance of Exports at the 8th Annual Border Security Conference August 15, 2011 Ambassador Kirk traveled to El Paso, Texas today to give a keynote address at the 8th Annual Border Security Conference entitled ‘Fostering a New Era of U.S.-Mexico Collaboration to Meet 21st Century Challenges. The Office of Congressman Silvestre Reyes, the U.S. Representative for Texas’s 16th congressional district, in conjunction with the University of Texas at El Paso (UTEP) hosted the event.Read more __________________________________________________ United States and Liberia Review Progress in Deepening, Expanding Trade and Investment Relationship August 19, 2011 WASHINGTON, D.C. – U.S. and Liberian officials met this week in Washington to review progress in deepening their partnership on trade and investment under the United States-Liberia Trade and Investment Framework Agreement (TIFA). This was the third meeting of the United States-Liberia TIFA Council, which provides a high-level forum for advancing cooperation on bilateral trade and investment issues. Deputy U.S. Trade Representative Demetrios Marantis and Liberian Minister of Commerce & Industry, Miata Beysolow, co-chaired the day-long meeting on Wednesday, August 17, which examined the two governments’ work together on a number of trade-related issues, including: implementation of the African Growth and Opportunity Act (AGOA), trade capacity building, export diversification, trade and investment promotion, infrastructure issues, and Liberia’s accession into the World Trade Organization (WTO). Minister Beysolow was accompanied by a high level delegation of Liberian Government officials, including Minister of Agriculture, Florence Chenoweth; Minister of Post and Telecommunications, Frederick Norkeh; Minister of Transport, Willard Russell; Chairman of the National Investment Commission, Natty B. Davis; Deputy Minister of Finance for Revenue, Elfrieda Tamba; Deputy Minister for Economic Affairs and Policy, Sebastian Muah; and Assistant Minister of Commerce and Industry, Aletha Brown. “Since the TIFA was signed in 2007, the United States and Liberia have made huge strides in strengthening our engagement on bilateral trade and investment,” said Ambassador Marantis, “and we have seen increased trade in both directions as a result. Liberia offers enormous potential and opportunity for trade and investment. We plan to use the U.S.-Liberia TIFA Council to develop specific initiatives to expand economic opportunities for workers, farmers, businesses, and consumers in both countries.” Following government-to-government consultations under the TIFA, meetings were held with the U.S. business community at the U.S. Chamber of Commerce and the Corporate Council on Africa. During these meetings Liberian officials outlined the many policy, legal, and regulatory steps that have been taken to encourage investment in Liberia and U.S. businesses had the opportunity to discuss their interests and questions about doing business in Liberia. In 2010, the U.S. and Liberia’s total two-way goods trade was $370 million. U.S. goods exports to Liberia totaled $190 million in 2010, up 102 percent from the previous year. Top U.S. exports were medical instruments, vehicles, cereals, and iron and steel products. U.S. goods imports from Liberia totaled $180 million in 2010, up 124 percent from the previous year. Top imports from Liberia last year were rubber, oil, and precious stones (diamonds). BACKGROUND The U.S.-Liberia Trade and Investment Framework Agreement (TIFA), signed in February 2007, established a formal, high-level dialogue to address bilateral trade and investment issues and to enhance economic engagement between the United States and Liberia. The previous TIFA Council meeting was held in Monrovia, Liberia in March 2009. ________________________________________________________ |
USTR.gov HEADLINES SR International Logistics: Connecting American Manufactures to Overseas Markets August 17, 2011 A small company in Denver, Colorado, capable of transporting cargo shipments of oversized freight and heavy machinery, is a perfect example of how the pending free trade agreements with Colombia, South Korea and Panama will help American businesses grow and prosper, while supporting tens of thousands of jobs here at home. As part of the vast services sector that helps support U.S. manufacturing, SR International acts as a travel agent for bulldozers. Specifically, it specializes in exporting American-made bulldozers, combine harvesters, and mining equipment to anywhere in the world. Read more Businesses in Missouri Find Export Opportunities in Chile August 12, 2011 Last week, Deputy United States Trade Representative Miriam Sapiro led a delegation of U.S. officials to Santiago, Chile for the 7th meeting of the United States-Chile Free Trade Commission (FTC). While in Santiago, Deputy Assistant USTR for Small Business, Market Access and Industrial Competitiveness Christina Sevilla discussed small business issues with Brad Bodenhausen, Executive Vice President of the Springfield Missouri Chamber of Commerce. Through an American Business Fellow program in Chile, Bodenhausen has been conducting research to identify potential export opportunities to Chile for the 1700 mostly small- and medium-sized southwest Missouri businesses that the Springfield Chamber represents. Read more |
Filed under Expand your business abroad Tagged with Ambassador Kirk, Fluent In Foreign, international expansion, National Export Initiative, USTR
August 6, 2011 by Alexander Gordin Leave a comment
12 Tariff-Rate Quota Allocations for Sugars
August 5, 2011 Washington, D.C. – The Office of the United States Trade Representative (USTR) today announced the country-specific in-quota allocations under the tariff-rate quotas on imported raw cane sugar, refined and specialty sugar and sugar-containing products for Fiscal Year (FY) 2012.Tariff-rate quotas allow countries to export specified quantities of a product to the United States at a relatively low tariff, but subject all imports of the product above a pre-determined threshold to a higher tariff. On August 1, 2011, the Secretary of Agriculture announcedsugar program provisions for FY 2012. The in-quota quantity for the tariff-rate quota (TRQ) on raw cane sugar for FY 2012 is 1,117,195 metric tons* raw value (MTRV), which is the minimum amount to which the United States is committed under the World Trade Organization (WTO) Uruguay Round Agreements. USTR is allocating the raw cane sugar TRQ of 1,117,195 MTRV to the following countries in the quantities specified here. |
Kirk Comments on Pending Trade Agreements, Trade Adjustment Assistance August 3, 2011 Washington, D.C. – U.S. Trade Representative Ron Kirk issued the following statement today regarding comments from Senate leaders on the pending trade agreements with South Korea, Colombia, and Panama, as well as a bipartisan compromise to renew key Trade Adjustment Assistance reforms. “I am very pleased that Senators Reid and McConnell have agreed on a path forward in the Senate for the pending trade agreements and Trade Adjustment Assistance. As the President has said, these agreements will support tens of thousands of jobs here at home, and the Administration looks forward to working with leaders of the Senate and House after Congress returns in September to secure approval of these important initiatives for America’s working families.” |
USTR.gov HEADLINES Boon Edam: Trade Agreements Opening Doors to Increased Exports July 29, 2011 Boon Edam, located in Lillington, North Carolina, has been a leading manufacturer of revolving doors and turnstiles for over 100 years. The business is just one of many that rely greatly on exports to Colombia and Panama. “Colombia is the biggest market of the two,” said Business Development Manager, Martin Noble. “We started receiving inquiries from customers in both countries, and given [their] economic growth and demand for our products, we have identified both countries as key growth markets for our exports to Latin America.” Current sales to Caribbean and Latin American countries account for 10 percent of the company’s total exports. Of this amount, Colombia and Panama account for 10 to 15 percent of sales. Once the pending trade agreement with Colombia is passed and implemented, small American companies will be well-equipped to compete with foreign regional competitors. At present, tariffs and other non-tariff barriers pose competitive challenges for U.S. small- and medium-sized exporters. Read more |
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