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We also need to reaffirm our commitment to resist protectionism, especially when rising unemployment increases the pressure and temptation to put up trade barriers. Creating more barriers to global trade is a surefire way to prolong the recession.See what you think. Agree? Disagree? Weigh in to let us know your thoughts!
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The U.A.E. is the largest export market for the United States in the Middle East. ~ U.S. Census BureauMore information can be found at the US-UAE Business Council.
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Thank you for highlighting the ITA Blog but if you could please replace the old emblem (as shown at the very top) with the new one (seen here: http://trade.gov/trade-topics.asp) that has been in use since 2007, we would very much appreciate your support.
Many thanks,
Office of Public Affairs
International Trade Administration
Labels:
blog,
International Trade Administration,
ITA
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Labels:
Japan,
Muji house,
Winner's in Japan's Recession
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Labels:
2009,
Memorial Day
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"While the challenges we face are deep and real … and unrivaled in half a century, American companies are world leaders in technology, innovation and entrepreneurship. Exporting and importing are essential to creating jobs and growing the economy."
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The current crisis will have a significant impact on business environments. The global business landscape will be characterised by lower cross-border capital flows, tighter regulation and less risk-taking. As measured by the BER, the deterioration in the global business environment reflects worsening market opportunities, increased macroeconomic and political risk, and problems in financial systems.As an entrepreneur and global small business owner, I find taking less calculated risks hard to swallow. What about for you?
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The U.S. ranks eighth in global innovation with Singapore ranking first, he said. Small businesses are innovative job creators with 70 percent of new jobs generated annually in the U.S. coming from small businesses, Stike added.And the "punch above your weight" comes from a story Stike tells about a company he worked for at the time asked the British businessmen who were interested in buying them why they were so interested and they said, "‘Because you punch above your weight.'"
“India and China are transforming the playing field and competing on cost alone won’t cut it anymore,” he told a group of 50 business people. “A skilled, educated work force is a key element to an innovative work force.”
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In April 2009 the Economist Intelligence Unit (news release here) conducted an online survey of 328 executives from small and medium-sized businesses worldwide to understand how they are approaching business strategy during the global recession. Of the respondents to our survey, 45 percent held CEO, president or managing director titles; 66 percent of all respondents held c-level titles. About 27 percent were directors, department heads and other managers. Worldwide, 29 percent work at companies based in North America, 29 percent in Asia-Pacific, 19 percent in Western Europe, 10 percent in Eastern Europe, 9 percent in the Middle East and Africa, and 5 percent in Latin America. Forty eight percent work at firms with less than $5M in annual revenues; 31 percent have revenues between $5M and $50M; 21 percent have revenues between $50M and $50M. Respondents represented a range of industries.To receive a complimentary copy of Understanding Growth Priorities of SMBs, visit here (immediate download of briefing paper => Understanding Growth Priorities of SMBs free of charge [PDF 548 KB]).
Transparency International offers hope to victims and brings people together in a powerful worldwide coalition to end the devastating impact of corruption on men, women and children around the world. |
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China, the world's largest surplus country and one of the world's most export-dependent economies, faces great uncertainty about its outlook amidst the current crisis. Over forty experts offer their predictions for China's 2009 GDP growth rate.Download PDF file here: "How Much Will China Grow?"
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One of the misconceptions of trade is that the only beneficiaries of trade are large companies, and that's not true. 97% of international traders are small businesses.Read more about what went on during the international business session here.
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When the world's consumers fly in a U.S.-manufactured airplane, eat a steak from America's heartland, watch a Hollywood movie, or visit the Grand Canyon, they are helping to create and maintain good jobs for Americans.Read more here. World Trade Week runs from May 17 through May 23, 2009.
World Trade Week is an opportunity to reaffirm the benefits of trade and to emphasize America's commitment to a global marketplace that creates good jobs and lifts up American families. The United States and our trading partners stand to gain when trade is open, transparent, rules-based, and fair, showing respect for labor and environmental standards.
The United States is well-positioned to reap the benefits of trade. America is a leader in the global marketplace and ranks at the top of almost every measure of global competitiveness. Our businesses, workers, and farmers remain the most innovative, productive, and adaptable in the world. The United States is also the world's largest exporter.
Trade is a significant and increasingly important contributor to U.S. economic growth. Exports accounted for 13 percent of U.S. economic activity in 2008, and they support millions of jobs in the United States. In difficult economic times, it is even more important for American industry to take advantage of every opportunity for export-driven growth. That is why I will work to open more markets to U.S. exports, including in such important job growth industries as energy efficiency, clean energy, and health information technology.
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China, the world's fastest-growing economy, is expected to expand 6.5 percent this year, according to the International Monetary Fund. That's a slowdown from 9 percent growth last year but way ahead of the 2.8 percent contraction forecast for the United States in 2009.Find out what U.S. based Marriott, Starwood, Intercontinental Hotels and France-based Accor are doing to go after a slice of the global pie -- here.
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"It's not a completely unrealistic claim," said Thomas Roeb, a retail professor at the University of Applied Sciences in Bonn Rhein-Sieg. "Best Buy's success is largely an American success, while Metro has successfully expanded abroad."
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ShibuiMarkets is a leading Global Financial Portal built on the spirit of Shibui, that is, going beyond simple facts and figures and into understanding financial information. It offers hard-to-find fundamental financial information about companies from all over the world as well as quotes for Foreign Currencies, Emerging Market Bonds and selected international Equities.Test it out and let us know what you think. I did a search on General Electric using their Company Data Base Screener and the information seemed outdated.
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"We have a real opportunity to grow globally," said Rosetta Chief Executive Tom Adams after the stock began trading.Read more here.
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Labels:
Earth Day,
make a difference,
protect our planet,
recyle,
reduce,
reuse
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Necessities:Read more here.
Innovations:
- Medical equipment trade is thriving (such as catheters and pacemakers in the U.S. and MRI equipment and artificial body parts in Japan).
- Various foods items are up (bananas and meat in both nations, grains and rice in Japan).
- Tobacco is up over 100 percent in the U.S. and 30 percent in Japan. Vodka imports are up 37 percent in the U.S.
- Cell phone imports are up 24 percent in the U.S. and 12 percent in Japan. Proof that improved technology still sells—the new generation of smartphones are really cool.
- A number of chemicals are ahead in both countries. For example, heterocyclic compounds (a big category, $600m in February in the US) are up 48 percent in the US and 67 percent in Japan—these are used for a wide variety of things, such as drugs, pesticides, dyes and plastics.
- Wind-powered electric generating sets are up 18 percent in the United States.
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Another excellent way to tap new geographical markets, to minimize your expenditure of time, money, and energy, and to help focus your overseas sales and marketing efforts is to use the Port Import/Export Reporting Service (PIERS). PIERS (www.piers.com) is the only information service that provides names of U.S. consignees or shippers as well as overseas suppliers, along with detailed descriptions of import or export shipments for the commodity of your choice. This information is taken from ships' manifests by a nationwide corps of reporters and is loaded weekly into a computer database.This week we stumbled upon a new resource that appears to be similar to PIERS: Import Genius -- a search engine for U.S. customs data. We have no experience with it so we leave it up to you to explore.
I once used PIERS on behalf of an American window blind manufacturer to find customers who were importing window shades into Capetown, South Africa. My client wanted to effectively compete with an industry giant already exporting to Capetown. After securing a list from PIERS that showed who was buying the competitor's goods there, we created a direct mail package specifically for those customers. Using the PIERS list gave us the competitive advantage we needed to show the South African prospects the superiority of my client's product and win them over as customers.
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By appearing on Global Post’s exciting new international news website, your words, viewpoints, and pictures would gain worldwide exposure. In barely two months, we have had 250,000 unique visitors and 1.1 million page views. Our readers have come from every country in the world except North Korea, Chad, and Eritrea!We are thrilled to be a part of this exciting consortium of international news sources.
Your posts would not only appear instantly on globalpost.com but also possibly on the sites of our partners, including the Huffington Post (7.8 million U.S. and 9.7 million global monthly unique visitors) and other news and information websites.
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• Exports increased to $126.8 billion in February from $124.7 billion in January. Goods were $84.7 billion in February, up from $82.2 billion in January, and services were $42.1 billion in February, down from $42.5 billion in January. ~ Source: U.S. Census Bureau, Foreign Trade Statistics, April 9, 2009Let's hope so. Read more here.
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"In today's challenging global economic environment, Ex-Im Bank support of our exports gives us opportunities that we otherwise would not have," said Aquatech President and Chief Executive Officer Venkee Sharma.Congratulations to Aquatech! Read more here and here.
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