Posts Tagged ‘Dominican Republic’

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Soaring Energy Demand Means Opportunities for U.S. Companies in Latin America

September 24, 2014

Marjorie Baker recently completed a summer internship with the International Trade Administration’s Office of the Western Hemisphere.

Register now for discover: the Americas

Energy consumption in Latin America is expected to more than double between 2010 and 2013.

More Latin Americans than ever are now members of the middle class, and sustained economic growth in the region has led to increased demand for energy.

Energy consumption is projected to more than double in Latin America between 2010 and 2030, and this will transform the continent’s energy sector, creating new opportunities for U.S. companies.

As part of the federal government’s Look South initiative, the International Trade Administration (ITA) has published a series of best prospect sector reports for our 11 Free Trade Agreement partners in Latin America (Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, and Peru).

Our on-the-ground experts have identified the following countries as especially attractive for U.S. energy sector exporters:

We are also leading several U.S. companies on a renewable energy trade mission to Peru in November, and we look forward to new opportunities and new business deals as a result of that mission.

The energy sectors of these countries face challenges in terms of generating, distributing, and transmitting power, and that means there are a wide variety of opportunities for U.S. companies.

One way to learn about these opportunities and how to take advantage of them is at the upcoming DISCOVER GLOBAL MARKETS: The Americas forum in Charlotte, N.C., Oct. 29-31.

Register now for discover: the Americas

This forum will be the premier international business conference for U.S. executives to explore new market development strategies in the Americas, featuring:

  • One-on-one appointments with a buying delegation from Mexico;
  • Opportunities to meet with commercial diplomats who work in these markets every day; and
  • A breakout session focusing specifically on energy opportunities across the hemisphere.

We hope to see many U.S. companies taking advantage of the promising opportunities in Latin America!

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Economic Growth in the Western Hemishpere Will Be Focus of Fifth Americas Competitiveness Forum

September 9, 2011

by Peter Bowman, an international trade specialist in The International Trade Administration’s Market Access and Compliance unit.

The fifth Americas Competitiveness Forum (ACF), the preeminent economic and commercial event in the Western Hemisphere, will take place October 5–7, 2011, in Santo Domingo, Dominican Republic. The ACF grew out of a commitment made by the United States in November 2005 at the Summit of the Americas held at Mar del Plata, Argentina, to cooperate to advance common prosperity, combat inequality, and achieve sustainable economic growth throughout the hemisphere. The first gathering was held in Atlanta, Georgia, in June 2007.

U.S. and Mexican representatives meet in Atlanta, Georgia, November 2010 during the fourth Americas Competitiveness Forum (ACF). Representatives from more than 34 countries are expected to attend the fifth ACF, which will be held October 5–7, 2011 in Santo Domingo, Dominican Republic. (U.S. Department of Commerce photo)

U.S. and Mexican representatives meet in Atlanta, Georgia, November 2010 during the fourth Americas Competitiveness Forum (ACF). Representatives from more than 34 countries are expected to attend the fifth ACF, which will be held October 5–7, 2011 in Santo Domingo, Dominican Republic. (U.S. Department of Commerce photo)

Since then, the ACF has worked to inspire programs, policies, and partnerships that will improve the economic prosperity at the local, national, and regional levels and, thereby, ensure a brighter future for all people in the region.

This year, the fifth ACF is expected to bring together more than 1,000 public- and private-sector participants from throughout the Western Hemisphere. Representatives from more than 34 countries will attend, including heads of state; ministers of economy, industry, and finance; academic leaders; and members of civil society and business.

The ACF distinguishes itself from other international gatherings by presenting a unique blend of public–private policy dialogue on best practices in competitiveness and by offering many services for participating businesses. Services include export counseling sessions, market opportunity sessions, and business-to-business (and business-to-government) meetings.

Each ACF program is built around key themes that represent the drivers of competitiveness. The core themes of this year’s ACF are education, renewable energy, trade facilitation, business climate, and innovation in services.

This year, the ACF will also host a meeting of the Inter-American Competitiveness Network, which was launched at the 2009 ACF in Santiago, Chile, with support from the participating governments and the Organization of American States (OAS). In addition, Pathways to Prosperity in the Americas, an initiative that promotes inclusive growth, prosperity, and social justice, will host a working group meeting with the Inter-American Development Bank, the OAS, and the Economic Commission for Latin America and the Caribbean as strategic partners.

For more information on the fifth Americas Competitiveness Forum, as well as registration instructions, visit the forum’s Web site at www.competitivenessforum.com. For additional information, contact Peter Bowman in the International Trade Administration’s Market Access and Compliance unit, tel.: (202) 482-8356; e-mail: peter.bowman@trade.gov.

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ACF Atlanta, a Huge Success

November 16, 2010

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Francisco J. Sánchez is the Under Secretary of Commerce for International Trade

The rain today, didn’t stop hundreds of leaders from across the Western Hemisphere from attending the Americas Competitiveness Forum (ACF) in Atlanta.

The final leg of an informative, action packed conference, the agenda featured Secretary of Commerce Gary Locke and the President of El Salvador Mauricio Funes.

The day, which began with a presidential address, covered topics ranging from international education on the benefits of strategic alliances to market opportunities in the Caribbean.

We at the U.S. Department of Commerce and the International Trade Administration are extremely pleased with the outcome of the conference, and look forward to passing the baton from the United States to the Dominican Republic this evening, the 2011 host country.

In closing, I’d like to take a moment to extend a heartfelt thank you to Walter Bastian, Tricia Johnson, the entire Western Hemisphere team and all of my staff who worked so hard to plan a productive conference to advance global competitiveness across the region.

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