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STOPfakes Roadshows Deliver Critical Intellectual Property Information to U.S. Businesses

May 5, 2020

By Benjamin Hardman, Senior International Trade Specialist, Office of Standards and Intellectual Property

StopFakes.gov logo roundThe need for U.S. businesses to be vigilant about protecting their intellectual property has never been greater. Many well-known U.S. brands are being knocked off by cheap counterfeits and pirated goods, mainly made in China, and marketed through e-commerce platforms.

The trade secrets of our most innovative companies are increasingly targeted for theft with tradecraft more commonly seen in state-sponsored espionage. The creative genius of American artists, authors, inventors, engineers, and other creators is stolen and sold for pennies on the dollar. America’s comparative advantage, our ingenuity, is under attack, and we must do everything we can to uphold and strengthen American businesses, so they may protect themselves and advance our global competitiveness.

Since 2005, the International Trade Administration’s STOPfakes program has served as an important mechanism in harnessing the IP resources of various U.S. Federal agencies through a singular channel, providing guidance to U.S. businesses and consumers.

The STOPfakes Roadshows are an essential component to our program’s success, delivering critical intellectual property information to the audiences that need it most: start-ups, entrepreneurs, small and medium-sized businesses, independent creators, and inventors.

STOPfakes conducts 8 to 10 roadshows each year in partnership with local U.S. Export Assistance Centers, bringing the program to cities across the country. The information at STOPfakes roadshows is provided by IP experts from multiple government agencies. Their presentations of timely and invaluable information during the one-day seminars allow for the best means of advancing U.S. IP interests.

  • The International Trade Administration identifies mechanisms for obtaining intellectual property protection in export markets;
  • The U.S. Patent and Trademark Office provides information about how to protect patents and trademarks;
  • The U.S. Copyright Office discusses the importance of copyright protection to businesses;
  • The U.S. Customs and Border Protection explains how a registered trademark or copyright can be recorded with Customs to facilitate the seizure of infringing goods at the U.S. border;
  • The Federal Bureau of Investigation or a local Assistant U.S. Attorney discusses how to protect trade secrets and identify internal and external threats;
  • The U.S. Department of State highlights the role diplomacy and our diplomatic missions play in advocating for U.S. businesses overseas; and
  • The Small Business Administration advises on the potential use of grants and loans to help with the costs of obtaining IP protection before exporting.

Stopfakes medley of Intellectual Property images

In addition to the regular roadshow partners listed above, the Minority Business Development Agency, Export-Import Bank, and Patent and Trademark Resource Centers are also frequent participants. Our whole-of-government approach provides many resources to assist U.S. businesses with acquiring and protecting their intellectual property.

In 2018, the STOPfakes team expanded the opportunities available to businesses at the roadshows to include three signature offerings:

  • First, participants can sign up to talk one-on-one with the speakers for 10-minute sessions.
  • Second, participants can apply for copyright registration. U.S. Copyright Office staff will be on site to facilitate the application process required to register a work online. The fee is $55 for most works and takes approximately 20 minutes.
  • Third, participants can apply for copyright and trademark recordation. On-site assistance is made available by U.S. Customs and Border Protection staff. The fee for Trademark recordation is $190 per international class of goods, and the fee for copyrights are $190 per application. The registration process takes approximately 40 minutes.

For more information regarding the STOPfakes programs or to learn more about our resources and upcoming roadshows, please visit: www.STOPfakes.gov.

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ITA Connects Smart City Technology Exporters to Southeast Asia

April 22, 2020

This post contains external links. Please review our external linking policy.

By: ITA’s Industry & Analysis Office of Health and Information Technologies

Deputy Chief of Mission at U.S. Embassy Singapore Daniel Bischof (middle), U.S. Department of Commerce staff, presenters, and participants at an ASEAN Smart Cities Third Country Training Program event in Singapore, December 2019.

Deputy Chief of Mission at U.S. Embassy Singapore Daniel Bischof (middle), U.S. Department of Commerce staff, presenters, and participants at an ASEAN Smart Cities Third Country Training Program event in Singapore, December 2019.

Today, nearly 300 million people living in the 10 countries comprising the Association of Southeast Asian Nations (ASEAN) reside in urban areas, and this number is set to increase to more than 500 million by 2050. Like cities in the United States and elsewhere, ASEAN cities are increasingly looking to use digital technologies as part of their smart city efforts to address a wide range of urbanization challenges.

The International Trade Administration (ITA) is spearheading programming that connects U.S. smart city technology providers and experts with ASEAN cities to promote U.S. exports, increase U.S.-ASEAN best practices exchanges, and assist ASEAN cities in their development needs.

ITA’s work is part of the U.S.-ASEAN Smart Cities Partnership announced by Vice President Mike Pence in 2018. This multi-year program is a whole-of-government effort to promote collaboration between the two regions. To date, ITA has organized a variety of events to advocate for trade-enabling policies to connect U.S. technology providers to ASEAN cities.

Best Practices in Smart Cities

In December 2019, the United States and Singapore co-hosted a five-day workshop on Smart Cities in Singapore featuring a range of sessions on smart city planning. Debra Lam, Managing Director for Smart Cities and Inclusive Innovation at the Georgia Institute of Technology, reinforced the idea among the 24 participants that “all cities can be smart because it is a continuous improvement process.” As the former Chief Innovation & Performance Officer for the city of Pittsburgh, she was able to draw on her real-world experience. She encouraged cities to harness the power of emerging technologies rather than prematurely banning them, as blocking new technology can limit opportunities for future growth.

With each participant focused on one priority project that they hoped to develop in their city, ITA and experts from the region led interactive sessions for participants on:

  • planning and tailoring their smart city build-outs;
  • developing strategies to finance and sustainably fund their priority smart city projects;
  • adopting standards and project procurement best practices; and
  • mitigating cybersecurity risk.

Throughout the week, ITA connected ASEAN participants with U.S. industry partners such as Cisco Autodesk, and New York based Xylem to learn about innovative technology solutions to real world problems.

Industry Engagement

This past January, ITA led a delegation of Indonesian municipal officials to DistribuTECH, a leading energy and utilities trade show in San Antonio, Texas. U.S. companies participating and exhibiting at DistribuTECH had an opportunity to meet with key decision makers in Indonesia’s power sector, opening market prospects for technology and solutions critically needed in that nation. During the show, officials from Sumatra and Java discussed best practices with U.S. public and private sector representatives to facilitate development of Indonesia’s smart cities and smart grid infrastructure.

In recent months, ITA has continued extensive industry outreach to raise awareness of Southeast Asian smart city business opportunities and to plan for future programming.

Looking Towards the Future

During the next few years, ITA will continue to organize sector specific smart cities programs at trade shows focused on water, safety and security, transportation, cybersecurity, and waste management, among others. In addition, ITA will lead expert advisor delegations to ASEAN cities to engage with municipal governments on specific challenges they are facing and advocate for U.S. smart cities solutions that address those challenges.

If you are interested in connecting with us on future U.S.-ASEAN Smart Cities programs, please email USASCP@trade.gov.

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Global Outlook: United States Remains the Largest Destination for FDI in the World

March 17, 2020
Kara Mazachek is an Economic Research Analyst at SelectUSA.

The United Nations Conference on Trade and Development (UNCTAD) released the latest issue of its Global Investment Trends Monitor in January. With this release, the Investment Research team at SelectUSA was excited to analyze the latest global 2019 numbers and better understand a few of the key global foreign direct investment (FDI) trends during the last year!

In 2019, global FDI flows totaled $1.39 trillion, which was a one percent decrease from $1.41 trillion in 2018. These global flows reflect both mergers and acquisitions (M&As) and greenfield investment activity. This slight decline in FDI flow accompanied global patterns of slowed economic growth and policy uncertainty. While there is great country-specific variation in trend, FDI flows to developed countries decreased six percent to a historically low level of $643 billion. Simultaneously, flows to developing countries were constant at $695 billion. Announced greenfield projects, an indicator of future trends, overall performed better than cross-border M&As in 2019. Globally, announced greenfield projects decreased 22 percent, compared to a 40 percent decrease in announced cross-border M&As.

UNCTAD Blog 031720

In contrast to larger declines in other developed economies, the United States received consistent inward FDI between 2018 and 2019, with $251 billion in inflows in 2019. These preliminary estimates indicate that the United States is still the largest destination for FDI in the world, with inflows at least $100 billion greater than those of any other destination market. Germany, Japan, and the Netherlands were the largest source markets of FDI flows to the United States, while U.S. inflows from Canada and the broader European Union (EU) significantly declined.

Overall, the EU saw a 15 percent decrease in FDI inflows to $305 billion. Despite being the top destination for FDI in Europe, the United Kingdom’s FDI inflows fell by six percent as it approached Brexit. France and Germany also were in the top 10 destination markets for FDI inflows at $52 billion and $40 billion, respectively.

FDI inflows to developing Asia made up one-third of global FDI flows in 2019, despite its FDI value declining six percent from 2018. Hong Kong drove much of this drop as its own inflows fell by 48 percent amid divestment and unrest. However, Hong Kong remained the sixth-highest destination market in the world for FDI. Inflows to China saw almost no change from 2018 to 2019, leaving China the second-highest destination market for FDI in the world at $140 billion, followed by Singapore at $110 billion.

Lastly, despite these trends in other parts of the world, the Latin America and Caribbean region saw inflows increase by 16 percent, reaching $170 billion in 2019. Within the region, Brazil’s inward FDI flows increased by 26 percent to $75 billion, cementing itself as the fourth-largest recipient of FDI in the world. UNCTAD gives some of the credit for this jump to Brazil’s new privatization program, which launched in July 2019 as an effort to revitalize the economy.

What does this mean for 2020? The global outlook is optimistic! UNCTAD projects that global FDI flows will increase slightly during the next year alongside continuing high corporate profits and growing international trade. UNCTAD also expects GDP growth and capital investment to increase globally. While UNCTAD noted a 22 percent decrease in global greenfield FDI announcements from 2018 to 2019, the opposite was true for the United States. Data from fDi Markets indicated that the value of greenfield FDI announcements into the United States totaled $91.7 billion in 2019, a 26.9 percent increase from 2018.

With consistently strong U.S. growth in greenfield FDI and a positive global forecast, SelectUSA is excited to welcome and facilitate even more greenfield investment in the United States throughout 2020.

About SelectUSA
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment in the United States. To learn more about SelectUSA’s services, the U.S. business and investment climate, and how FDI benefits the U.S. economy, visit selectusa.gov and follow @SelectUSA on Twitter.

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Application Process Opens for U.S. Industry Groups Seeking Awards for Projects that Address Barriers to U.S. Exporters

February 11, 2020

By Brad Hess, Director, Market Development Cooperator Program, Office of Industry Engagement

The International Trade Administration (ITA) invites U.S. trade associations, professional societies, standards developing organizations, and other non-profit industry groups to apply for financial and technical assistance for projects that remove trade barriers to U.S. exporters. Applications for the Market Development Cooperator Program (MDCP) awards are due April 27, 2020.

ITA is conducting a series of conference calls to provide further information on how to compete successfully for a 2020 MDCP award. Potential applicants can check the requirements to determine their eligibility to apply for the program.

Pitch Ideas Now to ITA Officials
Prior to the February 27 MDCP notice being published on grants.gov, applicants will have the chance to brainstorm project ideas with ITA officials.

Interested industry groups should contact Jessica.Dulkadir@trade.gov to discuss their ideas. ITA will also include trade professionals in this initial phase that can give potential applicants useful feedback.

2020 Funding Focus is Removing Trade Barriers
Historically, 30-40 percent of MDCP projects have included a strong focus on removing trade barriers. For the 2020 competition, ITA wants all projects it funds to have such a focus.

An MDCP applicant must propose a project that creates or sustains U.S. jobs by increasing or maintaining exports (priority 1 listed below). In addition, a successful applicant must show how its proposed project will address any two of priorities 2-6 below.

  1. Create or sustain U.S. jobs by increasing or maintaining exports.
  2. Address non-tariff barriers to U.S. exports such as discriminatory regulations, local content requirements, onerous standards or conformity assessment procedures, and other measures that may be unreasonably trade restrictive.
  3. Secure strong intellectual property rights protection and combat counterfeiting and piracy.
  4. Counter discriminatory trade policies such as “indigenous innovation” or “localization.”
  5. Participate in the formulation and encourage the adoption of standards that are industry-developed, market-driven, science-based, and internationally recognized.
  6. When appropriate, encourage the development of aligned regulatory requirements that avoid unnecessary costs on businesses.

Examples of Successful Trade Barrier Removal Projects
It takes time to address and remove trade barriers. This is why MDCP projects must last a minimum of three years. Realistically, most projects need even more time to remove trade barriers like discriminatory standards or regulations. The International Association of Plumbing and Mechanical Officials (IAPMO) was able to help Indonesia establish a new plumbing code and implement a conformity assessment regime in just three years.

IAPMO advised Indonesia officials on establishing a national plumbing code then openedPhoto and Caption for MDCP Blog 020920 a lab to certify compliance of products with the new code. Indonesia’s newly adopted national plumbing standard, SNI 8153:2015, requires a lab certification of plumbing products. This allows architects, planners, builders, and building owners the certainty they need to choose the right products for the right applications.

Prior to the MDCP project and the adoption of the plumbing code, low quality plumbing products not up to standard were prevalent throughout the country. The shoddy products made urban living miserable for most residents. Their widespread use also made it hard for high quality U.S.-made products to compete. Now all plumbing products must conform to the same high standards.

A more detailed description of the IAPMO project is available at trade.gov/mdcp on the Addressing Trade Barriers page. Highlights of several other current and past MDCP trade barrier projects are available on this page as well.

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FDI in High-Tech: Innovation and Growth in The United States

February 5, 2020

Kara Mazachek is an Economic Research Analyst at SelectUSA

Following SelectUSA’s participation in the Consumer Electronics Show (CES), it is the optimal time to look at how foreign direct investment (FDI) in high technology, or high-tech, supports innovation and growth in the United States.

What is high-tech?
SelectUSA defines the high-tech sector as an industry that relies on a skilled and educated workforce, acts as an innovative producer in our economy, and creates and utilizes advanced technologies. Perhaps unsurprisingly, the high-tech sector’s share of workers in science, technology, engineering, and mathematics (STEM) occupations is more than twice that of the national average.

This industry is quite large and growing consistently, according to data from the Bureau of Economic Analysis (BEA). In 2018, high-tech companies contributed $8.3 trillion of economic value in the United States, accounting for nearly 23 percent of U.S. gross domestic product (GDP). Additionally, high-tech companies employ approximately 20 million U.S. workers. The U.S. high-tech industry also continues to grow, especially in fields such as the data processing, hosting, and related services sub-industry, which had a compound annual growth rate (CAGR) of 57.9 percent from 2013 to 2018.

How has FDI impacted the U.S. high-tech sector?
FDI supports the high-tech industry in the United States and helps it thrive. Specifically, the inward position of FDI in the U.S. high-tech sector was $2.0 trillion in 2018. That’s 46 percent of total FDI in the United States! It also steadily continues to grow: the five-year CAGR for FDI in the high-tech sector was 10.1 percent between 2013 and 2018. This growth is faster than the comparable all-industry FDI CAGR average of 9.8 percent.

High-Tech FDI in US for the Feb 5 Blog Post

The United States sees tangible results from high-tech FDI. According to BEA, foreign-owned companies in high-tech industries have steadily increased their annual U.S. research and development (R&D) spending over recent years to $48.7 billion in 2017. High-tech FDI also accounted for $169.5 billion of total U.S. goods exports in 2017. Additionally, foreign-owned U.S. affiliates in the high-tech sector directly supported more than 2.1 million U.S. jobs in 2017.

So, what does this mean for the high-tech sector?
All these data points further confirm that high-tech investment are important drivers of growth for the U.S. economy. As FDI into this sector continues to grow, the United States will see advanced innovation, continue to employ millions of highly skilled and educated workers, and further the competitiveness of our high-tech sector. To maintain success in high-tech and all other sectors, SelectUSA will continue to help global business investors and U.S. economic developers to succeed in the U.S. economy.

To learn more about how SelectUSA supports FDI in all industries, sign up for our email updates and visit SelectUSA.gov for resources such as FDI fact sheets, interactive data tools, and informative reports. You can also read our previous report on FDI in high-tech.

About SelectUSA
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment in the United States. To learn more about SelectUSA’s services, the U.S. business and investment climate, and how FDI benefits the U.S. economy, visit selectusa.gov and follow @SelectUSA on Twitter.

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Fostering Commercial Cooperation under the Japan-U.S. Strategic Energy Partnership (JUSEP) to Advance a Free and Open Indo-Pacific

January 27, 2020

The International Trade Administration (ITA) is organizing activities that support U.S. commercial cooperation with Japan in third markets to advance bilateral and regional goals under the Japan-U.S. Strategic Energy Partnership (JUSEP).  This activity is driven by the administration’s broader policy objectives in the Indo-Pacific region. President Trump announced the vision of a free and open Indo-Pacific in Da Nang, Vietnam, in November 2017. The United States is advancing the goal of a free and open Indo-Pacific rooted in respect for: sovereignty; free, fair, and reciprocal trade; transparent governance; and private sector-led economic growth.

The unfettered flow of energy supplies is vital to the stability and security that are necessary for economic growth in the region. The U.S. government launched the Asia Enhancing Development and Growth through Energy, or Asia EDGE, initiative on July 30, 2018, as a mechanism for promoting and supporting open, transparent, and rules-based development policies that would ensure such energy security. Asia EDGE is a U.S. whole-of-government effort to grow sustainable and secure energy markets throughout Asia by promoting U.S. exports, mobilizing private sector investment, removing trade barriers, and strengthening standards and procurement practices.

The United States is working with Japan as a like-minded country to advance the goals of a free and open Indo-Pacific and Asia EDGE. The United States and Japan are strong allies and the world’s first and third largest economies, accounting for about 30 percent of global gross domestic product. On October 7, 2019, the United States and Japan signed the U.S.-Japan Trade Agreement, covering new market access for agriculture and certain industrial goods, as well the U.S.-Japan Digital Trade Agreement. The agreements demonstrate the deepening partnership between the United States and Japan, and our mutual commitment to promoting free, fair, and reciprocal trade throughout the Indo-Pacific.

Through JUSEP the United States and Japan have committed to developing energy infrastructure projects in third-countries. It is a multiagency, bilateral engagement that seeks to promote capacity building, project development, and project financing in several regions, including Southeast and South Asia. Commercial cooperation under JUSEP will strengthen joint strategic efforts in the region and enhance U.S. and Japanese private sector competitiveness by making U.S. and Japanese government resources available to them.

ITA, in cooperation with Japan’s Ministry of Economy, Trade, and Industry (METI), has organized several events that bring the U.S. and Japanese private sectors together to inform them of the tools the governments jointly offer and to help facilitate partnerships between U.S. and Japanese companies pursuing regional energy projects. These events have included the following:

  • 2018 December U.S.-Japan Cooperation on Energy Infrastructure Development in Vietnam Workshop in Ho Chi Minh City: A half-day bilateral workshop that included panel discussions on financing tools, private sector presentations, and a roundtable discussion on opportunities and challenges in Vietnam’s energy sector.
  • 2019 March Jakarta Indonesia-U.S.-Japan LNG Workshop: A trilateral workshop organized with panel discussions held on LNG Business Opportunities in Indonesia, U.S. and Japan Overseas Energy Strategy, Procurement, Gas Distribution, Regional Electrification, and Financing.
  • 2019 August Bangkok JUSEP Meeting: The private sector-inclusive session of the government-to-government JUSEP meeting where issues including Thai energy policy, regional connectivity, and project financing were discussed.
  • 2019 October Singapore Workshop on JUSEP Financing: A workshop discussion that included public and private financing of infrastructure projects.

August 2019 JUSEP Meeting in Bangkok for January Blog

Pictured: Attendees of the August JUSEP meeting in Bangkok.

These events have been supplemented by several others that bring the private sector into contact with government agencies involved in training or financing efforts in the region. These agencies include the Japan Oil, Gas and Metals National Corporation (JOGMEC), Japan Bank for International Cooperation (JBIC), and Nippon Export and Investment Insurance (NEXI).

 

U.S. government agencies and Japanese counterparts are also working to develop the policies and mechanisms to implement JUSEP and organizing specific programs to deliver on these commitments. For example:

  • In August 2019, the United States and Japan announced the Japan-U.S. Mekong Power Partnership (JUMPP), to which the United States government committed an initial $29.5 million under Asia EDGE to promote economic growth and enhanced electricity interconnections among the countries in the Mekong region through free, open, stable and rules-based regional electricity markets.
  • In September 2019, Japan announced intentions to increase its public and private financing for JUSEP activities by another $10 billion. The funding will be utilized to enhance capacity building trainings, which will further promote joint and collaborative activities between the United States and Japan by facilitating financing for projects to supply LNG or build LNG infrastructure in the Indo-Pacific region. This Japanese public finance facility includes support from JOGMEC, JBIC, and NEXI.

In 2020, ITA and METI, with the support and involvement of other federal government agencies, plan to continue this program of events that will further promote the goals of JUSEP, which will enhance export opportunities for U.S. companies in the energy sector.

 

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BEA’s Latest FDI Data (Again) Confirms It: There’s No Better Place to Invest and Do Business Than the United States

December 12, 2019

Kara Mazachek is an Economic Research Analyst at SelectUSA

As we approach the end of 2019, we’re reflecting on the positive state of foreign direct investment (FDI) in the United States. The most recent data update from the U.S. Bureau of Economic Analysis (BEA) was great news for economic growth and FDI’s important role in the U.S. economy.

By the end of 2017, 7.4 million workers were employed by majority foreign-owned firms in the United States, a 2.8 percent increase from 2016.[1] This accounts for nearly six percent of all private-sector employment in the United States and approximately seven percent of total U.S. business-sector GDP. Despite the United Nations Conference on Trade and Development’s (UNCTAD’s) World Investment Report finding the third consecutive annual decline in global FDI flows in 2018 – down 13 percent from $1.5 trillion to $1.3 trillion – the United States has consistently remained the largest recipient of FDI in the world. These data points further confirm that the United States is and will continue to be the best place to invest and do business.

The benefits don’t stop there. FDI accounted for 16.4 percent ($258.6 billion) of total U.S. private business capital expenditures in 2017. Foreign-owned companies also increased their U.S. R&D spending by 8.1 percent to $62.6 billion and accounted for a quarter ($382.7 billion) of total U.S. goods exports in 2017. These firms’ value-add to U.S. GDP increased by more than eight percent to $1 trillion in 2017 alone.

Specifically, the three global markets that contribute the most to FDI-supported employment in the United States are the United Kingdom, Japan, and Germany, which is not surprising as these markets historically are among those with the most FDI stock in the United States and are also among the largest economies in the world. At the national level, the states with the highest percentage of FDI-supported employment are Kentucky, South Carolina, and New Jersey, where over eight percent of employment is supported by foreign-owned firms. In all three states, those firms employed the most workers in the manufacturing industry.

So, what can we expect in 2020? UNCTAD reports that greenfield project announcements were up 41 percent in 2018, indicating forward investing plans. Further, the FDI Confidence Index estimates the United States will attract the most investment in the next three years due to our large domestic market, continued economic expansion, and technological and innovative capabilities. Again, this confirms what we already know, which is that the United States has the right mix of talent and innovation for companies to thrive in a competitive global economy. To ensure this trend continues, SelectUSA will continue to support business investment in the United States and work to give global business investors and U.S. economic developers the information and tools they need to succeed in the U.S. economy.

Stay Current on FDI
Keep your eye out for BEA’s next FDI data release in July 2020 that will provide  new investment opportunities in the United States. For more information on FDI in the United States, sign up for email updates from SelectUSA and visit SelectUSA.gov for resources such as FDI fact sheetsinteractive data tools, and informative reports. You can also follow and contribute to our #FDIintheUSA campaign on Twitter!

About SelectUSA
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment in the United States. To learn more about SelectUSA’s services, the U.S. business and investment climate, and how FDI benefits the U.S. economy, visit selectusa.gov and follow @SelectUSA on Twitter.

[1] Latest available data

 

 

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FDI in Agribusiness: Feeding the U.S. Economy

November 21, 2019

Kimberly Aagaard is a Research Analyst at SelectUSA

In honor of Thanksgiving and the recent addition of the agribusiness industry page to the SelectUSA website, it is a great time to look at how foreign direct investment (FDI) in agribusiness helps support feasts and festivities around the country.

What is agribusiness?
By SelectUSA’s definition, the agribusiness industry is made up of establishments engaging in livestock, crop production, forestry, aquaculture and fishing, hunting, and agricultural chemical manufacturing.*

What has FDI contributed to the U.S. agribusiness industry?
Recently, SelectUSA worked with Charoen Pokphand Group (CP Group), a 98-year-old Thai company, to help the company establish a U.S. subsidiary called Homegrown Shrimp USA, LLC. The company announced earlier this year that it will produce shrimp with a focus on nutrition and sustainability and invest approximately $6.6 million in a recirculating farm outside of West Palm Beach, Florida. In addition to investing in the community and producing a more reliable supply of seafood, Homegrown Shrimp USA will use innovative aquaculture technology in its land-based farm. CP Group has also undertaken efforts to collaborate on research with the University of Florida’s Institute of Food and Agricultural Sciences.

Looking at the national level, the agribusiness industry’s FDI position in the United States was valued at $14.1 billion in 2018, according to the Bureau of Economic Analysis. In 2016, agribusiness FDI also supported an estimated 14,700 U.S. jobs, $114 million worth of research and development spending, and over $1.1 billion in U.S. exports!

According to fDi Markets, announced FDI greenfield projects in the U.S. agribusiness industry have totaled approximately $3.3 billion in the past five years. Pesticides, fertilizers, and other agricultural chemicals made up the largest agribusiness sub-sector by announced capital investment from September 2014 to August 2019 (over $1.9 billion).

In the past five years, the top sources of U.S. agribusiness greenfield projects by announced capital investment are Norway ($809.7 million), Germany ($674.3 million), Hong Kong ($373.4 million), Canada ($372.5 million), and Brazil ($259.6 million). In addition, Germany was the largest source market by number of projects (22) and by estimated jobs created (1,913) from September 2014 to August 2019.

Norway was the top source market of U.S. agribusiness FDI in the past five years.
Investors from the top 10 source markets announced a total of $3.1 billion in greenfield capital investment in U.S. agribusiness between September 2014 and August 2019.

Chart for FDI in Agribusiness 112119

 

Agribusiness FDI in the United States not only brings investment and new jobs to our communities; it also brings us the delicious products of those investments. As Thanksgiving approaches, SelectUSA is grateful for all FDI, especially that of the agribusiness industry.

To learn more about how SelectUSA supports FDI in all industries, sign up for our email updates and visit SelectUSA.gov for resources such as FDI fact sheetsinteractive data tools, and informative reports. You can also follow and contribute to our #FDIintheUSA campaign on Twitter!

About SelectUSA
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment in the United States.

*SelectUSA categorizes agricultural machinery in the machinery and equipment industry and categorizes food processing in the consumer goods industry

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Innovative Customs Procedures in Laredo, Texas Accelerate U.S. Exports to Mexico

November 18, 2019

Last month, from October 16-17, industry leaders and officials from the U.S. Department of Commerce’s International Trade Administration (ITA) traveled to Laredo, Texas, one of the premier cities for U.S.-Mexico trade.

With over $100 billion in U.S. exports processed in 2018 alone, customs officials on both sides of the border face increasing demands to perform efficient and effective inspections. The Laredo International Airport has seized upon this growing commercial opportunity by innovating their customs process and establishing a unique bi-national inspection facility in 2013. ITA’s Advisory Committee on Supply Chain Competitiveness (ACSCC) had the privilege of touring and learning more about this facility and its achievements over the past several years.

ACSCC-ITA oustide Laredo Airport Inspection Station 110819

Members of the ACSCC and ITA toured the Laredo airport’s Federal Inspection Station and met with U.S. and Mexican customs officials

 The Federal Inspection Station at the Laredo airport, the first of its kind, houses both U.S. Customs and Border Patrol (CBP) and Mexican customs officials (Servicio de Administración Tributaria, or SAT), who jointly perform inspection checks on U.S. exports within a single facility. With goods examined by both agencies in one location, U.S. exports can have expedited entry into airports in eight Mexican cities, allowing for uninterrupted delivery within Mexico. Cargo cleared at this facility can be immediately released to the importer in Mexico with no pauses at customs in these Mexican airports.

Elizabeth Merritt, Managing Director for Cargo Services at Airlines for America and ACSCC member, highlighted the importance of streamlined customs procedures to U.S. industries and value chains saying, “by leveraging a bilateral customs partnership, the Laredo airport boosts the competitiveness of the North American supply chain while maximizing the limited resources of all stakeholders to ensure trade compliance.”

The joint inspection process helps American companies avoid production delays by reducing the amount of time it takes to receive necessary parts and is especially critical for just-in-time deliveries. “Our largest trading partner in the United States is Mexico, so the ability to quickly clear expedited exports heading to that country is essential,” said Brandon Fried, Executive Director of The Airforwarders Association and member of the ACSCC.

Establishing this customs facility was no easy feat. Its creation required both a passage of a law in Mexico’s Congress of the Union and an amendment to the Mexican Constitution, but it was well worth the effort. Today, the Laredo International Airport features the only bi-national federal inspection station in the United States and is the only airport that has approval by the Mexican government to pre-inspect air cargo bound for delivery in Mexico.

Currently this accelerated customs treatment is available for products in the automotive,aerospace, and electronics industries. Importers, shippers, and other logistics companies can also benefit from round-the-clock service from the customs officials, as Laredo has the only airport on the southern border with U.S. customs open 24 hours a day, seven days a week.

During their visit to the facility, members of the ACSCC, all experts in the policies and logistics surrounding U.S. supply chains, received a presentation on the Federal Inspection Station’s activities and spoke with both U.S. and Mexican customs officials to better understand their joint procedures.

“Witnessing the high level of cooperation and information sharing between the U.S. and Mexican customs authorities at the Laredo Airport Federal Inspection Station was an eye-opening experience, showing how such international joint efforts can streamline the border clearance process,” said Michal Mullen, Executive Director of the Express Association of America and ACSCC member. “The trade community has long desired to have this kind of international ‘single window’ operating on the border, and we hope the process will be expanded to more air and land crossing points in the near future.”

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ACSCC member Brandon Fried with a Mexican customs official and a U.S. CBP agent.

Mr. Fried also expressed hopes for the future activities of this bi-national facility saying, “my organization is pleased to see Mexican customs officials working alongside their CBP counterparts at Laredo International Airport. Their joint presence under the same roof enables easy preclearance on air export shipments destined for several manufacturing centers throughout Mexico. We look forward to the program’s continued success and hope to see similar arrangements at other U.S. airports in the future.”

Looking forward, the officials based at the Federal Inspection Station see room for growth, especially as approval of the U.S.-Mexico-Canada Agreement (USMCA) could lead to a surge in trade between the neighboring countries. CBP and SAT officials expressed their desire to grow awareness of their collaborative program and to expand the list of qualified products for inspection. Experts from the Laredo airport have already been invited to pilot similar programs at other airports in the United States, and customs agents believe the joint facility is prepared to handle greater volumes of U.S. exports in the future. This innovative, bi-national process can serve as a model to other ports and cities seeking to expedite inspections for the benefit of U.S. industry.

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America Welcomes the World’s Business

November 12, 2019

By Secretary of Commerce Wilbur Ross

America is where the world does business. It is not difficult to see why: companies expanding here will find a culture of innovation, dedication to hard work, and a high quality of life. From its inception. it has been the job of SelectUSA to encourage companies to benefit from these unmatched and unparalleled advantages the U.S. has to offer.

More formally put, the mission of SelectUSA is to facilitate job-creating business investment into the United States and raise awareness of the critical role that economic development plays in the U.S. economy. One of the primary avenues where this mission is accomplished is through the annual SelectUSA Investment Summit.

Today, I am pleased to announce that registration is open for the 2020 SelectUSA Investment Summit — where companies looking to invest in the United States can learn the skills and make the connections to fuel their business’ growth in America. In 2020, the Investment Summit will take place June 1-3, at the Washington Hilton, in Washington, D.C.

Year after year, the Investment Summit buzzes with energy, creating an environment of entrepreneurship, excitement, and potential. Thousands of people from all over the world come here to gain insight into the business environment, learn of industry trends, and bring business deals to fruition. International delegates connect with economic development organizations (EDOs), all of whom can showcase the unique resources of their states and towns, while service providers exhibit the variety of assistance they can offer to expanding companies.

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The 2019 SelectUSA Investment Summit welcomed more than 3,100 attendees, including global business leaders, U.S. economic development professionals, and leaders from the top of the U.S. government. Pictured here are Commerce Secretary Wilbur Ross, Advisor to the President Ivanka Trump, and Siemens USA CEO Barbara Humpton.

Additionally, our Academy sessions demystify the process of investing in the United States. Topics range from understanding how to finance a startup company to navigating the U.S. visa process. These sessions are planned with our attendees’ interests in mind, as we accept proposals for topics and speakers to include on the agenda.

The 2019 Investment Summit was the most successful to date, where more than 1,200 international delegates connected with nearly 800 EDO representatives and 300 service providers from nearly every state and territory in the U.S. The Investment Summit has directly impacted more than $32.5 billion in U.S. investment projects supporting more than 38,400 U.S. jobs. At the recent 2019 Investment Summit, four investment announcements were made with a value of nearly $100 million, which will in turn create new jobs for American workers. We hope to build upon these successes.

In 2020, we are excited to help you and your company reach its full potential in the United States at the SelectUSA Investment Summit.

I hope to see you there.

Click here to apply.