PRESIDENT'S MESSAGE
Dear Friends,
This week we are focusing on upcoming trade missions to India and other Asian
destinations. Several of our
 legislators
just returned from a successful visit to China. In the midst of these foreign
travel opportunities, many people in Utah ask: Why is global business relevant
or important to me? My own business is doing just fine right now. The right
answers to these questions are absolutely critical to our future and our
children’s future. For starters, if we are not planning to be competitive
overseas, we can nonetheless plan on our international competitors coming to
Utah to compete against us—whether physically, or in a blink of an eye over the
internet. Look also where the new growth markets are—India and China alone are
creating three billion new consumers. And even closer to home, Mexico and Canada
provide huge new market opportunities in a large number of industries for our
Utah companies. Come learn more at the World Trade Center Utah. We look forward
to sharing the opportunities (and successful secrets) of the new global economy
with you.
Sincerely,
Lew Cramer
RESOURCES
News and
Information Updates from the Export-Import Bank
Webinars
Provide Tips for Entering New International Markets
Export.gov Trade Leads
List of Russian Businesses in Utah
Subscribe
to the Business Week Asia Insider
Subscribe to the
China Economic Review
Trade Statistics database
available.
Get the latest annual and
quarterly trade data with TradeStats Express
A Basic
Guide to Exporting
News and Audio in 33 Languages
The BBC
provides audio news broadcasts in multiple languages
U.S./Mexico Border Directory --
Provides
information useful for conducting business in the U.S./Mexico border region
DIRECTORY
Utah International Trade and
Diplomacy Office
World Trade Association of
Utah
Utah Consular Corps
Governor's Office of Economic Development
Economic Develop Corporation of Utah
U.S. Commercial
Service--Utah
United States Trade and
Development Agency
Overseas Private Investment
Corporation
Inter-American Investment Corporation
U.S. Export-Import Bank
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Volume 1 Number 6
SBA to Host Live Web Chat on International Trade
for Small Businesses
SBA’s Richard Ginsburg will answer questions Thursday, August 2, from 1
p.m. to 2 p.m., ET
Ginsburg, SBA’s acting deputy director for the SBA’s Office of
International Trade, will host the August Web chat on “International Trade
and Your Small Business,” answering questions about how the Office of
International Trade can help small business owners compete in the global
marketplace and assist as they export their products
and services.
Chat participants can join the live Web chat by going online to
www.sba.gov and clicking the “Online Business Chat” icon. Participants
may post questions for Ginsburg before August 2nd by visiting
http://app1.sba.gov/liveMeeting/Jul07/index.cfm, and posting
their questions online. During the chat, participants will have direct, real-time access to
Ginsburg via the questions they submitted online in advance and also
during the session.
BUSINESS OPPORTUNITIES
Lesotho and Millennium Challenge Corporation Sign $363 Million Poverty Reduction Grant to Improve Healthcare Systems, Water Resources, and Private Sector Investment
The five-year Millennium Challenge Compact with Lesotho aims to increase water supplies for industrial and domestic use, to mitigate the devastating affects of poor maternal health, HIV/AIDS, tuberculosis and other diseases, and to remove barriers to foreign and local private sector investment.
(Read
more)
COUNTRY NEWS
July 'Market of the Month': the Philippines
The Philippines is the U.S. Commercial Service's Market of the
Month for July.
"The
Philippines is a market where American products and services are well
known and trusted, owing to the very close relationship between the U.S.
and the Philippines over the past 100 years."Leading Sectors for U.S. Exports
- Telecommunications Equipment
- Electrical Power Systems
- Pharmaceuticals
- Information Technology
- Medical Equipment
- Pollution Control
- Building/Construction
- Water Resource Equipment and Services
- Automotive Aftermarket Parts and Services
- Safety and Security Equipment
Says the U.S. Commercial Service: "The U.S. remains the Philippines'
largest trading partner with over $16 billion in two-way trade, and the
largest investor with $6 billion in assets. Increased export revenue,
investment inflows, and foreign remittances have helped produce a
current account balance of $4.9 billion in 2006. In 2006, the
Philippines ranked as the United States' 26th largest export market, and
28th largest seller to the U.S. market. Across all sectors, the
Philippine market has a strong affinity for U.S. products and
technology, which it equates with quality and value.
(Read
more)
Are You China-Ready? Take this Quiz
The China Business Information Center (BIC) takes the guesswork out
assessing your market readiness. The U.S. government is increasing resources dedicated to assisting U.S.
companies explore business opportunities and address challenges to doing
business in China. Use our self-diagnostic tool to open the door to
pursue export opportunities and evaluate whether your company is
prepared to meet the challenges posed by China's system for regulation
of international trade.
The quiz can be accessed here.
Sides Working Out Details in ILWU Contract Talks
The Journal of Commerce reports that contract negotiations between unionized office clerical workers and
shipping lines in Los Angeles-Long Beach continued at a painstaking pace
Thursday.
 "Negotiators for the Office Clerical Unit of International Longshore and
Warehouse Union Local 63 and 14 shipping lines and terminal operators
were struggling with technical language in the health and welfare
provisions of the contract, said John Fageaux, president of the union...Cargo
operations at the ports continued without incident and the union has not
mentioned the threat of a strike since last weekend."
Strike Update
Tim Cummings, from North American Logistics, Inc., tells CargoLink that
shippers are diverting cargo to the Pacific North West (PNW), which may
or may not be a good
strategy since the PNW has limited capacity and shippers may risk having
containers rolled if PNW vessels are overbooked. Prior to diverting
cargo, Cummings suggests shippers check with the origin partner and
determine whether there is sufficient capacity.
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GOED Finalizing Agenda for India Trade Mission
The Governor's Office of Economic Development (GOED) is finalizing its agenda for the India Trade Mission, which will take place September 21-30, 2007. The focus of the trade mission is higher education and high technology business.
Trade mission participants will visit New Delhi, Hyderabad, and Mumbai while in India. GOED anticipates that representatives from Utah's higher educational institutions, businesses, and government trade representatives will participate along with Governor Jon Huntsman.
TECHNOLOGY
U of U Part of International Group Working to Map Sheep Genome
The University of Utah is participating in an international collaboration
called the International Sheep Genomics Consortium (ISGC), which is working to
map the sheep genome. (Read
more)
IN THE NEWS
Lawmakers say China trip invaluable
Governor's office planning a trade mission to India
CALENDAR
July 31 -- SL Chamber's
International Business Seminar. Training on business opportunities with India, presented by Franz Kolb from
GOED, and Rai Chowdhary
from Team 2000. (Learn
more)
Aug. 2 -- SBA's live Web chat on
international trade for small businesses. 1 - 2
p.m., ET.
Chat participants can join the live Web chat online at
www.sba.gov. Click the “Online Business
Chat” icon. Participants may post questions for
Ginsburg before August 2nd by
clicking here.
September 18 - 19
--
Fourth China Branding Roundtable
Seminar to be held in Bejing, China
September 21-30 --
GOED Trade mission to India
Oct. 12 --
Middle East North Africa Business Information Center Seminar
Oct. 29-Nov. 9 -- GOED East Asia
Trade Mission.
Applications due by July 23 for consideration. Those interested should contact Lu Chang at
CLU@Utah.gov for an application and additional information.
Salt Lake Chamber's events calendar
Utah International Calendar
Suggestions for this Newsletter?
Do you have a Utah-related international calendar item, story, or
content suggestion? We welcome your input. Please feel free to email
your information to
Vaughn Taylor at Exoro
International.
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