International Trade News

Uncategorized
May 11, 2017
Tony Pu is an International Trade Specialist at the U.S. Commercial Service Office in Philadelphia What’s next for your business? Maybe you’ve learned that demand in your industry sector is growing in another country, but aren’t sure how to take your domestic business global. In today’s fast-moving economy, it can be challenging to research and develop a plan for your company’s international growth. As many successful exporters have already found out, it’s worth investing time and effort to cultivate foreign sales. If your business is already established in the United States, one of the...
SelectUSA
May 09, 2017
By Elena Volkava, Intern, SelectUSA  The 2017 SelectUSA Investment Summit (June 18-20) is next month! This one-of-a-kind event brings together more than 2,000 attendees enabling international businesses to find the people, the resources, and market opportunities in the United States.  Are you considering an investment in the United States or looking for new ideas to guide your economic development strategy? SelectUSA offers a half-day interactive program – the Investment Academy – with more than 20 workshops. With a focus on practical information and best practices, these workshops are...
Travel and Tourism
May 08, 2017
National Travel and Tourism Week (NTTW), now in its 34th year, is the annual salute to travel and tourism in America.  During the first full week in May, communities across our nation unite to showcase the impact of travel to policymakers, business leaders and local media with rallies, events and other activities. While the industry is focused on celebrating this week, the National Travel and Tourism Office (NTTO), U.S. Foreign and Commercial Service offices around the globe, National Oceanic and Atmospheric Administration (NOAA), federal agencies responsible for the United States’ public and...
Service Industries
May 08, 2017
This blog was authored by U.S. Commercial Service Global Healthcare Team Leader September Secrist. The U.S. Commercial Service is the export promotion arm of the U.S. Department of Commerce’s International Trade Administration. The worldwide medical device market is expected to reach $398 billion in 2017, and the U.S. Commercial Service (CS) can help U.S. firms take advantage of this huge export potential.  Exporting helps U.S. medical device companies increase sales, maintain or increase jobs and weather economic changes, but many firms think they are too small or that exporting is too...
Trade Policy
May 05, 2017
The Trump administration is analyzing the causes of America’s persistent and massive trade deficits. U.S. Secretary of Commerce Wilbur Ross is asking for input from American stakeholders on the factors that contribute to the more than $500-billion-annual goods and services trade deficit facing the United States. The comment period is already underway with the deadline for submissions on Wednesday, May 10. The Department of Commerce and the United States Trade Representative will hold a public hearing on Thursday, May 18, at the U.S. Department of Commerce in Washington D.C., at 9:30 am. This...
Trade Shows
May 05, 2017
Kenneth Hyatt, Under Secretary for International Trade, U.S. Department of Commerce  It was an honor to represent the United States at the largest industrial technology trade show in the world last month. It was also an inspiring look into how and why the United States continues to lead on the cutting edge of innovation and opportunity. Hannover Messe 2017 (April 24-28, in Hannover, Germany) brought the global industrial technology industry together in one location. More than 200,000 attendees from over 60 countries got a chance to see incredible technology in action. From always-connected...
Service Industries
May 04, 2017
Padraic Sweeney is a Team Leader for the International Trade Administration’s Office of Industry & Analysis   Despite a negative overall outlook for 2017-2018, opportunities exist for U.S. agricultural equipment exporters willing to pursue them. The Black Sea Region has emerged as a major exporter of wheat, fueling Russian and Ukrainian imports of U.S. machinery. Low interest rates and funding from Brussels enable farmers in several European Union countries to invest in equipment. Western Hemisphere markets including Mexico, Chile and Peru present opportunities for exporters of certain...
Export Data
May 01, 2017
Natalie Soroka is an Economist in the Office of Trade and Economic Analysis As we kick off Small Business Week, the Census Bureau released its “Profile of U.S. Importing and Exporting Companies, 2014-2015.” A joint project of the Census Bureau and International Trade Administration, this series details the characteristics of U.S. companies that imported or exported goods in 2014 and 2015, including information on company size, industry, geographic composition, and trading partners. When we look at the trade data, small and medium sized enterprises play a huge role in economic growth and job...
Export Assistance
April 28, 2017
Susan Crawford is a Communications Specialist for the Pacific North Region at the International Trade Administration  Do you know which Asia-Pacific nation has experienced 25 consecutive years of growth? Or which one has the world’s highest R&D investment per capita? Can you name the Asian powerhouse that recently liberalized its energy sector? If you are an exporter from Northern California, and met a few of our senior commercial officers at one of several events last month, chances are you know the answers to these questions. Australia. Korea. Japan. Asia is a such an important export...
SelectUSA
April 27, 2017
Micah Escobedo is a Communication Specialist at SelectUSA, a Program within the Department of Commerce’s International Trade Administration. This post contains external links. Please review our external linking policy. Earlier this month, SelectUSA and the U.S. Commercial Service hosted the inaugural SelectUSA Investment Pavilion at one of the largest investment events in the world – the Annual Investment Mission (AIM) in Dubai, United Arab Emirates (UAE). AIM is an increasingly important investment platform in one of the most rapidly developing regions on the planet. Hosted by His Highness...