Southern California November Monthly Newsletter
VITA Global Networking Breakfast
The World is Open for Business - An Overview of the U.S. Commercial Service
Rafael Patino, U.S. Commercial Service
Topics of Discussion:
To be held at: The Valley Economic Alliance
Make Your Reservation Today!
Individual Tickets - $20 (members) $25 (non-members)
Register through Fax: 818-379-7077 - E-mail:firstname.lastname@example.org - or Call: Darcy Winters at 818-379-7000 x 109
Comerica Bank Presents Phishing Season: How to Protect Your Brand, Reputation and Financial Security
Come hear from this distinguished panelist on how to protect your business interests:
RSVP to Caroline Brown at 562-590-2525 or email@example.com
Workshops for Export Compliance Professionals in Los Angeles and San Diego
Date/Time: Thursday, December 6th, 2012: 7 a.m. - 7:30 p.m. (Workshops and Networking Reception)
This Timely Engaging & Interactive Program Targets:
Webinar: Colombia and Panama: Significant Opportunities for Exports of U.S. Products and Services
The Foreign Trade Association invites you to join Senior Commercial Officers Cameron Werker, U.S. Embassy Bogota, Colombia and Daniel Crocker, U.S. Embassy Panama City, Panama as they discuss via webinar opportunities for U.S. goods and services exports to these dynamic markets.
In the eyes of U.S. exporters, Colombia may suffer more from the perceptions of the past than the realities of the present. The past 10 years have brought extraordinary change and the political stability, growing middle class, and improved security has created an economic boom. Demonstrating the positive long-term effect of Colombia’s political and economic policies, GDP growth of between 5 and 6 percent is expected for 2012. The United States is Colombia’s largest trading partner and Colombia is the 22nd largest market for U.S. exports in 2011. U.S. exports to Colombia in 2011 topped USD 14 billion, an increase of more than 15 percent over 2010.
The United States-Colombia Trade Promotion Agreement entered into force on May 15, 2012. On the day of implementation, over 80 percent of U.S. industrial goods and more than half of U.S. exports of agricultural commodities became duty-free.
The U.S. is Panama's most important trading partner, with about 30% of the import market, and U.S. products enjoy a high degree of acceptance in Panama. In 2011, U.S. exports to Panama jumped 34% to $8.25 billion – in no small part due to the fact that Panama’s economy grew 10.5%. Its strategic location as a bridge between two oceans and the meeting of two continents has made Panama not only a maritime and air transport hub, but also an international trading, banking, and services center.
The United States-Panama Trade Promotion Agreement (U.S.-Panama TPA) entered into force on October 31, 2012 and on this day over 87 percent of U.S. industrial goods and more than half of agricultural commodities exports to Panama became duty-free. The U.S.-Panama TPA also increased access to Panama’s $20.6 billion services market. There are also significant infrastructure opportunities in the ongoing $5.25 billion Panama Canal expansion project, as well as through the almost $10 billion in other significant infrastructure projects, including construction of a highway between Colon and Panama City, the expansion and modernization of the Tocumen International Airport, and a mega-port project for container ships on the Pacific side of the Panama Canal.
SAVE THE DATE: Asia Pacific Business Outlook Conference 2013