Archive for the ‘Trade Missions’ Category

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Automotive Parts Trade Missions to Nicaragua and Honduras, September 26-28

June 7, 2017

Todd Peterson, is an International Trade Specialist in the Office of Transportation and Machinery and Team Lead for the Auto Care Association’s Market Development Cooperator Program (MDCP)

The International Trade Administration and Auto Care Association are excited to announce two trade missions to Nicaragua and Honduras for 2017, as part of the Market Development Cooperator Program (MDCP) award the association received from the U.S. Department of Commerce to support export promotion projects in Latin America.  Companies do not have to be a member of the Auto Care Association to apply.

The Automotive Parts Trade Missions to Nicaragua and Honduras are designed to inform participants of the local market and provide access to key industry contacts. The number of mission participants is intentionally limited to ensure customized and well-targeted matchmaking scheduling. In addition, U.S. Embassy staff will provide country commercial briefings on the legalities and nuances of doing business in those markets, with the schedule rounded out to include industry-specific networking receptions and site visits. The Auto Care Association’s upcoming missions are an extremely cost-effective way to expand your business prospects in Latin America. The package includes personalized business-to-business matchmaking meetings with foreign industry executives, hotel accommodations and local transportation, networking receptions, interpreters, and country briefings.

The U.S. auto parts sector continues to be one of the largest contributors to total U.S. exports.  In 2016, the U.S. exported over $81 billion in auto parts worldwide. One of the promising, but overlooked regions for U.S. automotive aftermarket parts exports is Latin America, particularly Honduras and Nicaragua. Demand for aftermarket auto parts and repair services in these three markets is increased due to aging vehicles.  In addition, there is a high level of used-car sales and deteriorating road conditions.

In addition, these countries are Free Trade Agreement (FTA) partners with the United States, which increases U.S. market access by breaking down potential market entry barriers. FTA partnership, product quality, available warranties and geographic proximity, all contribute to the United States having a competitive advantage when entering Latin American markets. Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), 100 percent of U.S. consumer and industrial goods exports to the region are no longer subject to tariffs. Since the CAFTA-DR implementation, export to the region have increased by at least 62 percent.  The United States is Honduras and Nicaragua’s largest trade and economic partner.

For more information on auto parts exports, please see ITA’s Top Markets Report for Automotive Parts.  For more information on the trade mission see www.autocare.org/trade-missions.

Recognizing the opportunities for automotive aftermarket suppliers in Latin America, the International Trade Administration (ITA) awarded the Auto Care Association a three-year matching award of just under $300,000 to support activities designed to help boost exports to that region. This Market Development Cooperator Program (MDCP) has already had two successful automotive trade missions to Latin America.  The first mission went to Peru, followed by a mission to Guatemala 2016. There is also an upcoming trade mission to Colombia, June 7-8 that is closed.

The deadline to register for the Nicaragua and Honduras mission is July 31, 2017.

For more information contact:

Kellie Holloway  or Todd Peterson 

 

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Largest Annual U.S. Government Trade Mission Heads to Southeast Europe

December 21, 2016

Leslie Drake is the Director of the U.S. Commercial Service Team in West Virginia, and is Project Director for the Trade Winds-Southeast Europe Forum and Trade Mission.

After ten years of creating business success for hundreds of U.S. companies in promising markets around the world, I’m proud to announce that the Trade Winds forum and trade mission will head to Southeast Europe in October 2017.

Our Commercial Service team will lead U.S. companies from across business sectors to meet with prospective business partners, government decision-makers, regional press outlets, and European market experts. Trade Winds-Southeast Europe will be an excellent opportunity for companies to find insight and access to markets that are heavily investing in growth and are receptive to U.S. partners and products.

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Trade Winds will feature a business forum in Romania, with networking events with government leaders, plenary sessions with U.S. companies already finding success in the region, and one-to-one business counseling with market experts on the ground in Europe.

Optional mission stops in Bulgaria, Croatia, Greece, and Serbia will connect U.S. companies to qualified, pre-screened potential partners that can help your business hit the ground running in new markets.

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1-on-1 counseling with Lain America market experts at Trade Winds.

We chose these markets because of their projected growth and their strategic location as potential footholds in a larger European export strategy. The region features strategic ports and bustling overland trade routes to established markets, and these individual markets are all heavily investing in infrastructure growth and market development.

Companies that look to Southeast Europe now will be in on what we see as a promising trend for global business.

Our Commercial Service teams in the United States and Europe are excited to welcome what we know will be a strong U.S. delegation for Trade Winds, and to see these U.S. companies succeed in what we know is a promising region. If your company or organization is ready to find new customers in Europe, please join us at Trade Winds-Southeast Europe.

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Partnering to Support America’s Independent Music Industry

December 20, 2016

Jamie Merriman is Acting Director of ITA’s Office of Strategic Partnerships

The American music industry is integral to the U.S. economy and its culture. The growth of the U.S. music industry has a multiplier effect, impacting businesses in other industries, including technology, manufacturing, television, film, advertising, and video gaming.

Recognizing the importance of music to the U.S. economy and its potential for growth in the international market, the International Trade Administration (ITA) partnered with The American Association of Independent Music (A2IM) in 2012.  Thanks to funding from a Market Development Cooperator Program (MDCP) award, A2IM has been able to support its members’ participation in trade events around the world, generating over $40 million in business for over fifty member companies.

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ITA’s delegation with the Consul General in Hamburg during the A2IM Trade Mission to Hamburg.

A2IM was introduced to ITA through its New York U.S. Export Assistance Center in February 2011. During the first meeting, A2IM learned of ITA’s export services such as the Gold Key, tailored business counseling and partners search, the International Buyer Program (IBP), the Market Development Cooperator Program (MDCP), and the State Trade and Export Promotion (STEP) program available to NY exporters.

In the fall of 2011, A2IM embarked on its first ever trade mission to Asia (Beijing, China, Hong Kong, and Seoul, South Korea) via the STEP grant, and with support from ITA. A2IM subsequently applied for the MDCP in cooperation with The Recording Academy, and was awarded in August 2012.  In 2015 A2IM furthered their relationship with ITA by becoming a Strategic Partner.

A2IM’s MDCP award established and expanded trade missions for American independent music labels and created American pavilions at global industry trade shows.  Since the inception of the MDCP project, A2IM member companies have taken advantage of financial assistance to attend the world’s largest music industry trade shows and participate in trade missions in key markets that were identified in coordination with ITA.

MDCP award funds helped cover the travel and personnel costs needed to make these sales happen.  With the first ever government assistance of this kind for the music industry, these business relationships will continue to grow, supporting U.S artists and associated U.S. businesses for years to come.

The results have been extremely positive.  A2IM estimates that during the MDCP program, participating member firms increased their exports by a total of over $40 million across nearly 400 export transactions. Bob Frank Entertainment and Thirty Tigers are prime examples of A2IM members who were able to achieve export success through the program. These two companies participated in major trade shows, such as MIDEM in France and Canadian Music Week, as well as trade missions to strategic markets, including Brazil. Both of these small firms were able to garner distribution and licensing agreements at these events, resulting in over $1 million in estimated new international revenue for each firm. This is a big deal for small businesses.

In 2016, ITA’s Global Media & Entertainment Team, including staff from Marseille, New York  and Washington D.C, provided extensive business-to-business (B2B) matchmaking and trade services support for A2IM at MIDEM 2016, the premier global B2B market place and trade show for the music industry – which celebrated its 50th Anniversary this year.  There were over 200 U.S independent music firms represented in the A2IM Pavilion, with dozens of meetings facilitated during the conference. The team also provided services at the Reeperbahn Festival in Hamburg and the Amsterdam Dance Event, both growing markets for the global music industry.

The American Association of Independent Music (“A2IM”) is the 501(C)(6) not-for-profit trade organization created to protect the rights, educate and promote commerce for the American Independent music label community. A2IM’s membership includes over 390 music labels of varying sizes and all musical genres across the country, plus more than 300 associated member companies that provide services to the music industry, representing the diversity of American music.

Click here for more information about A2IM’s Market Development Cooperator Program (MDCP) project.

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Building new relationships through Trade Winds Mission – Latin America

October 18, 2016

Davis Wolf is the Manager of International Business Development at HD Supply Waterworks Company

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As an international business development professional, the decision to attend the 2016 Trade Winds Mission was an easy one for me. Having already had an excellent experience with the International Trade Administration (ITA) and U.S. Department of Commerce, as well as with numerous commercial advisors stationed in our embassies throughout the Caribbean Basin and Central America, I greatly looked forward to participating in this event.

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Davis Wolf, HD Supply Waterworks, left, with Nayib Joussef, International Marketing Manager LA & TC, McElroy Manufacturing, and Isabel M. Valenzuela, Commercial Advisor, U. S. Embassy Chile

HD Supply Waterworks, the company I work for, seeks to systematically identify and develop viable international markets. Having the opportunity to pursue the Gold Key program in Chile was a way to ensure that our commercial requirements could be met, but also to confirm that the market would be receptive to our participation.

While the credibility of HD Supply Waterworks within the North American market is well-established, successfully translating our credibility on a local level was where having the Department of Commerce and our commercial advisor alongside us was very effective. The commercial advisor’s approach cultivated a clear understanding of our objectives, and resulted in the setting of appointments with the leading agencies throughout the local waterworks segment. At each appointment, we were sincerely welcomed, and exchanged in-depth information. The earnest invitations to participate and partner with the agencies were truly outstanding. Our meeting dates were in September, and I’m happy to say that our communication with the agencies we met has remained on track.

Perhaps the most important thing that came out of our participation was the value that HD Supply Waterworks received for the dollars invested. The credibility to set the appointments with the facilitators and decision makers – that the commercial advisor was able to confirm on relatively short notice – was much needed in order to have meaningful participation with the local agencies. I would estimate that no fewer than eight to ten highly targeted trips to Santiago would have otherwise been required to do so. The savings recognized through our participation in the Trade Winds Mission was exceptional.

I offer my sincerest thanks to the members of the Trade Winds team and the incredible experience they provided for us.

Learn more about ITA’s Trade Missions. 

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Trade Winds: A Special Opportunity for U.S. and Latin American Business

August 24, 2016

Arun M. Kumar is the Assistant Secretary for Global Markets and Director General of the U.S. and Foreign Commercial Service.

The U.S. Commercial Service will head to Latin America in September with about 100 U.S. companies and organizations, to cultivate trade and investment deals between the United States and some of our key regional partners.

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Trade Winds visited Africa in 2015, bringing 108 U.S. companies and facilitating 650 business-to-business meetings. It was the largest-ever U.S. government-led trade mission to Africa.

The Trade Winds trade mission and business forum is one of our flagship events in the Commercial Service. Trade Winds has taken  more than 800 U.S. companies and organizations to six global regions in the last nine years, facilitating more than $239 million in business deals, with the majority of our attendees being small to medium-sized enterprises.

This year’s Trade Winds will be an incredible opportunity for attendees to make new contacts, connect to prospective partners, and capitalize on promising opportunities in seven Latin American markets: Argentina, Bolivia, Chile, Mexico, Paraguay, Peru, and Uruguay.  As impressive as Trade Winds is, it is only one element of our agency’s commitment to deepening our trade and investment partnerships in the region.

The Department of Commerce began this commitment in 2014 when Secretary Penny Pritzker announced the Look South campaign to help U.S. companies learn about and take advantage of promising opportunities in the Western Hemisphere.

That commitment continued through our work to ensure that U.S. exporters reap the benefits from regional trade agreements. The United States has more trade agreements with Western Hemisphere partners than with any other region in the world. Partly because of our work to drive results from our trade agreements, nearly half of U.S. exports are sold in this part of the world.

The next step is the Trans-Pacific Partnership (TPP). This 21st-century trade agreement will reduce and eliminate trade barriers with 11 leading global economies – three of which will be a part of Trade Winds: Chile, Mexico, and Peru. TPP will decrease the cost of doing business for U.S. firms, and Trade Winds participants will get a first glimpse of how the connections we make at Trade Winds can become even more fruitful once TPP becomes a reality.

I want to thank our Commercial Service staff and our partners at Embassies across the region, who have worked tirelessly over the last few months to create an incredible program.

I would also like to thank the members of our delegation, and extend a special thank you to our Official Sponsors for making Trade Winds possible.

We hope you will follow updates from Trade Winds on Twitter using #TradeWinds16, and you will see what an excellent experience this is for U.S. companies and economic development teams.

 

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Latin America –Opportunities for U.S. Automotive Aftermarket Exports

February 25, 2016

Kellie Holloway is a Senior International Trade Specialist and Deputy Team Leader of the U.S. Commercial Service’s Global Automotive Team

 Todd Peterson is an International Trade Specialist in the Office of Transportation and Machinery and Team Lead for the Auto Care Association’s Market Development Cooperator Program (MDCP)

The U.S. auto parts sector continues to be one of the largest contributors to total U.S. exports.  In 2015, the U.S. exported nearly $81 billion in auto parts worldwide. One of the promising, but overlooked regions for U.S. automotive aftermarket parts exports is Latin America, particularly Peru, Guatemala and El Salvador. Demand for aftermarket auto parts and repair services in these three markets is increased due to aging vehicles (averaging 15.5 years for private and 22.5 years for commercial vehicles).  In addition, there is a high level of used-car sales and deteriorating road conditions.  US market share for auto parts in Guatemala is 31 percent, in El Salvador it is 26 percent, and US companies have a 19 percent share of the Peruvian market.  Also worth noting: U.S. auto parts exports over the last five years grew 87 percent in Peru; 19 percent in Guatemala, and 50 percent in El Salvador.

Auto parts

Auto parts

In addition, these three countries are Free Trade Agreement (FTA) partners with the United States, which increases U.S. market access by breaking down potential market entry barriers. FTA partnership, product quality, available warranties and geographic proximity, all contribute to the United States having a competitive advantage when entering Latin American markets.

Some of the specific products/services in demand include:

  • Motor parts: compressors, radiators, batteries, accumulators, green filters, motor oil, and lubricants;
  • Body and crash parts;
  • Accessories: sound systems, spoilers, bumpers, cleaning products;
  • Safety Products: alarms, GPS systems;
  • Brake systems, suspension and components;
  • Driving simulators; and
  • Tools and diagnostic equipment.

Recognizing the opportunities for automotive aftermarket suppliers in Latin America, the International Trade Administration (ITA) awarded the Auto Care Association a three-year matching award of just under $300,000 to support activities designed to help boost exports to that region. Upcoming events utilizing this Market Development Cooperator Program (MDCP) project are two automotive trade missions to Latin America.  The first mission is destined for Peru (May 17-19, 2016), followed by a mission to Guatemala with an optional stop in El Salvador (June 21-24, 2016). Future missions are planned to Chile, Colombia, Costa Rica, and Honduras.

“The MDCP award creates important partnerships that assists U.S. firms in selling more of their goods and services to the 95 percent of consumers living outside our borders,” said Assistant Secretary of Commerce for Industry & Analysis Marcus Jadotte. “We are excited to help the U.S. auto care industry increase exports in Latin American and expand economic opportunity in such an important sector of the U.S. economy.”

The Automotive Trade Missions to Peru, Guatemala and El Salvador are designed to inform participants of the local market and provide access to key industry contacts. The number of mission participants is intentionally limited to ensure customized and well-targeted matchmaking scheduling. In addition, U.S. Embassy staff will provide country commercial briefings on the legalities and nuances of doing business in those markets, with the schedule rounded out to include industry-specific networking receptions and site visits. The Auto Care Association’s upcoming missions are an extremely cost-effective way to expand your business prospects in Latin America. The package includes personalized business-to-business matchmaking meetings with foreign industry executives, hotel accommodations and local transportation, networking receptions, interpreters, and country briefings.

A past trade mission participant relayed the value that joining a supported mission provided. “We’ve boosted sales by 70 percent in Latin America and could not have done it as fast without the U.S. Commercial Service,” said Ross Tamimi, Vice President, Warco Products. The contacts that Ross made while on the mission helped the firm understand local commercial dynamics and regulatory policies, and successfully identify local distributors.

Harness your share of these growing Latin American economies and expand your export strategies through both Automotive Trade Mission opportunities!

For more information on auto parts exports, please see ITA’s Top Markets Report for Automotive Parts.

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Business Opportunities in West Africa: Attend the Trade Mission to the Canary Islands & Africagua

August 20, 2015

John Saylor is the Chair of the District Export Council of Virginia and Washington, D.C.

The Canary Islands may not be huge in geography, but they are becoming an economic force in West Africa.

Located just 62 miles off the coast of West Africa while providing all the infrastructures, services, and advantages that Europe has to offer, the Canaries are an ideal location for operational centers:

  • Top logistic services and maritime connectivity with more than 40 ports in Africa
  • A competitive local labor market
  • Maximum guarantee of legal security and transparent fiscal regulations from a fully integrated EU legal system
  • A 4 percent corporate tax regime and multiple tax exemptions in indirect taxation

Why should your business export to West Africa?

At more than 5 percent GDP, West Africa had the strongest economic growth of the continent in 2014. This rapid growth is generating opportunities and prosperity in all industry sectors.

The Trade Mission to the Canary Islands & Africagua will help your firm access West African markets, find regional business partners, and highlight the advantages of setting up an operation in this booming hub.

The mission will include:

  • Expert briefings by U.S. Commercial Service and regional government officials about the opportunities and challenges of the region and advantages of setting up an operation in the Canary Islands
  • B2B business appointments with pre‐screened potential partners
  • Technical site visits in the islands of Gran Canaria and Tenerife
  • Exclusive networking receptions with local industry and government leaders
  • Optional participation in the Africagua Conference (island of Fuerteventura) for renewable energy and water sector firms to meet with Ministers and other government decision‐makers from 6 West African countries

To find your next customers and grow your business, join the Trade Mission to the Canary Islands & Africagua on November 16 – 20, 2015. I hope you’ll join us on this mission.