Posts Tagged ‘success’

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World Trade Week NYC: Celebrating a rich history of export success

May 26, 2016

Elizabeth Montaquila is a U.S. Field Communications Specialist in the U.S. Commercial Service. 

Last week, Under Secretary Selig returned to his roots in Manhattan to celebrate World Trade Week and honor three New York companies for their international trade contributions to economic growth and job creation in the New York City metropolitan region.

The 2016 World Trade Week Awards Breakfast, U/S Selig presents Bob Frank with the award for Bob Frank Entertainment.

The 2016 World Trade Week Awards Breakfast, U/S Selig with Daniel Kuster of  Bob Frank Entertainment and Trade Specialist Peter Sexton.

Under Secretary Selig highlighted the Tri-State area’s history as a leader in trade and investment, which still continues today. In the six years since the economic recovery began in 2009, the New York City metropolitan area was ranked in the top five—out of 388 metropolitan areas across the United States—as the largest goods export hub in the country.

Contributing to the export success of the metropolitan area, are the three New York-based companies honored by the Under Secretary:

  • Beauty Solutions, a designer of high quality beauty products, was recognized for its successful entry into the international market. Offering anti-aging skincare products as well as an assortment of unique niche cosmetics, Beauty Solutions recently expanded into the Chinese market by contracting with the Chinese eCommerce site VIP.com.
  • M3 Technology, a small business specializing in the supply of hardware chemicals, electronics and other consumable products recently expanded into several European markets. After carefully assessing three specific markets, M3 signed a contract with MecaAero Consulting, a French company, to begin promoting M3 Technology throughout Europe.
  • Bob Frank Entertainment is a full service entertainment company that includes record labels, a music publishing company, and a film division. Created in 2012, Bob Frank Entertainment has expanded its international distribution networks, facilitated in part, through the company’s participation in trade missions to France, Canada, Brazil, and China. Already, as a result of their export expansion efforts, Bob Frank Entertainment has an estimated $1 million in new export and licensing sales, and has created an additional two new jobs in New York City.

While the goods and services provided by each of these award-winning companies may vary, one thing they all have in common is their participation in programs offered by the U.S. Commercial Service (CS).

“The Commercial Service offices in the New York metropolitan area are honored to see our clients recognized for their tremendous export achievements,” said Carmela Mammas, CS Manhattan Director. “All of our Commercial Service trade specialists are dedicated to providing the highest quality support and services to U.S. companies looking to grow their business internationally. Congratulations to Beauty Solutions, M3 Technology, and Bob Frank Entertainment on their well-deserved awards.”

CS offices in New York and Guangzhou China provided Beauty Solutions with market intelligence, guidance, introductions, and support of the company’s expansion into the Chinese Market. M3 Technology, a client of CS Long Island, relied on market analysis and matchmaking services provided by the U.S. Commercial Service, as did Bob Frank Entertainment, through their participation in international trade missions.

“We are thrilled to receive this Export Achievement award,” said Bob Frank, Founder/CEO of Bob Frank Entertainment. “We’d like to thank the Commercial service, without whose support this would not have been possible.”

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ITA Program Tackles Trade Obstacles

March 4, 2013

Beverly Vaughan is the Director of the International Trade Administration’s Trade Compliance Center.Screenshot of Trade Compliance Center website

The International Trade Administration’s (ITA) Trade Agreements Compliance (TAC) Program works to break down barriers to market access abroad and monitors and helps promote foreign government compliance with trade agreement obligations. TAC Program officers identify, investigate, and resolve trade barriers working with industry. By leveraging relevant trade agreements, ITA engages foreign governments to remove or mitigate barriers to trade as quickly as possible.

While all U.S. exporters or investors can use this free service to resolve their market access barriers, the TAC Program can be particularly valuable for small and medium-sized exporters (SMEs), who may lack the resources to combat such barriers.

Exporters and investors can report a barrier on-line to get help quickly from the program. View a TAC Program client success video to learn how to use the online reporting form and see how we assisted a small business exporter overcome barriers preventing it from accessing the Chinese market. Our actions helped to preserve a contract valued at $8.5 million and set a precedent that helps ensure that the full benefits of our international trade agreements are open to U.S. industry.

This company, Klinge Corporation of York, Pennsylvania, contacted the TAC Program’s Hotline after holding unproductive meetings with Chinese freight forwarders and customs officers. TAC Program officers worked with China’s Certification and Accreditation Administration, who intervened on Klinge’s behalf, emphasizing China’s World Trade Organization obligations with other Chinese officials.  In a matter of months after the initial contact with the TAC Program, Klinge obtained the necessary certification to access the Chinese market.

This successful operation isn’t an exception. In Fiscal Year 2012, ITA initiated 227 trade barrier investigations in more than 70 countries, of which 44 percent (100 cases) were on behalf of SMEs like Klinge. During that time, TAC Program officers closed 168 cases in 62 countries, 53 percent of which (89 cases) were closed successfully.  See how ITA has helped U.S. companies overcome foreign trade barriers.

Can the TCC help you overcome a trade barrier? Let us know if you are having trouble getting access to a foreign market.

 

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