Upcoming Export Events


July 16- Business Roundtable: Exploring Market Opportunities in Singapore, Thailand, and the Broader ASEAN Region

Date:
Wednesday, July 16, 2014
Time:
9:00 am- 10:30 am
Location:
World Trade Center Utah, 60 East South Temple, Suite 300
Price:
Free

On July 16, the World Trade Center Utah and the US & Foreign Commercial Service invite you to come learn about various market development opportunities in Singapore, Thailand, and the broader ASEAN region at a unique business roundtable event. Expert presenters will be: Mr. Yiu Kei Chan, Commercial Specialist at the US Embassy in Singapore and Mr. Dave Rockwood, President of Rockwood Trading, whose company has offices in Utah and Thailand.

Why Singapore?
Singapore offers excellent opportunities for U.S. companies to sell their products and services as the country is virtually a free port. Singapore is a major trading hub, importing and exporting all kinds of products from consumer goods to high technology and industrial goods for re-export to third countries. U.S. companies will find attractive market opportunities in the following best prospects sectors: electronics, oil and gas equipment, aircraft and parts, pollution control equipment, medical devices, laboratory and scientific instruments, computer hardware and software, telecommunication equipment, university education services and franchises. In 2011, Singapore was the 11th largest export market and 15th largest trading partner of the United States. The U.S. is the number two supplier of Singapore’s total imports just behind Malaysia. Singapore’s other top import sources include China, Japan, Taiwan, Indonesia, South Korea, Saudi Arabia, India and United Arab Emirates. The U.S. and Singapore signed a Free Trade Agreement (FTA) in May 2003 that went into effect January 1, 2004. During the first eight years of the U.S.-Singapore FTA, two-way trade increased 59.1% and U.S. exports by 89.4%. The World Bank Report “Doing Business 2011” cited Singapore as the world’s easiest place to do business. The World Economic Forum Global Competitiveness Report 2011 – 2012 ranks Singapore as the world’s second most competitive country and having the best protection of intellectual property.

Why Thailand?
Thailand, the second largest economy in ASEAN after Indonesia, is an upper middle income country with an open economy and a gross domestic product (GDP) of $375 billion in 2013. Thailand’s GDP expanded 2.9% from 2012, when the economy grew 6.4%. Thailand’s economic growth has created opportunities for U.S. companies in a number of infrastructure sectors including electrical power, telecommunications, and renewable energy. Thai consumers are creating opportunities for new sales of U.S. medical products, cosmetics, automotive accessories, food supplements and educational services. Thailand also continues to look for U.S. suppliers of defense equipment, broadcast equipment, food processing and packaging equipment, and environmental technology. The United States and Thailand have enjoyed a special commercial relationship for 177 years under the Treaty of Amity and Commerce. Under the treaty, with the exception of a few sectors, U.S. companies operating in Thailand are afforded national treatment, or an “equal playing field,” with Thai companies.

Please register for this free event by contacting: Alia Giama, 801-532-8080, agiama@wtcut.com, or online here.

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September 16- Hot Topics for Export Compliance Professionals

The Salt Lake Chamber, the World Trade Center Utah, the U.S. Foreign & Commercial Service Utah, & the Utah District Export Council invite you to participate in this unique, hands-on practical application-oriented workshop for Export Compliance Professionals.

This Timely, Engaging, and Interactive Program Will Address:

  • Evolving regulatory requirements in the context of Export Control Reform (ECR) with a focus on the Export Administration Regulations and International Traffic in Arms Regulations.
  • Dramatic changes as a result of the migration and transfer of items from the US Munitions List to the Commerce Control List.
  • Key areas for managing export compliance, exposure, liability and risk.
  • The potential and sometimes devastating consequences of non-compliance and What Happens When You Are Not Where You Need to Be on ECR
  • References, resources and real world case study lessons learned.
  • Best practices, recommended approaches, ECR and proven solutions for a variety of real world export compliance challenges & opportunities.

When: Tuesday, September 16, 2014, from 7:30 AM - 5:00 PM

Where:
Salt Lake Chamber, 175 East University Boulevard (400 South) Suite 600, Salt Lake City, Utah 84111

Registration:
$175/person (Early Bird $140 before Friday, August 22). Registration deadline is Friday, September 12.

Questions?
Please contact Alia Giama, WTC Utah, 801-532-8080, agiama@wtcut.com.

For full program information, including agenda and link to registration, please click here.

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October 25-31- SAVE THE DATE: Mountain West Trade Mission to the United Arab Emirates & Turkey

Zions Bank, in coordination with the U.S. & Foreign Commercial Service offices in Utah, Idaho, and Montana, the World Trade Center Utah, and additional trade promotion partners, is supporting a trade mission of businesses from the Mountain West region to the UAE and Turkey, October 25-31, 2014.  This trade mission presents an excellent opportunity to meet potential partners or buyers in these two dynamic, regional gateway markets.

The United Arab Emirates (UAE)
is federation of seven emirates located on the Arabian Peninsula. The UAE’s prosperity is based in large part on the country’s vast oil and gas reserves, most of which lie in the largest emirate, Abu Dhabi. It is one of the wealthiest nations in the world with per capita GDP in 2012 approaching $50,000. The UAE, particularly the emirate of Dubai, has long been recognized as the commercial and business hub of the Middle East and beyond. With a $300 billion a year economy and excellent infrastructure, the UAE affords an excellent location for U.S. companies to conduct business in the region. The presence of almost 1,000 American firms in the UAE underlines this fact. The UAE has developed a leading role in business services, including finance, and has effectively created a logistics hub between east and west. It is home to one of the busiest man-made port in the world, Jebel Ali as well as two of the fastest growing airlines in the world, Emirates and Etihad. The country has no corporate taxes (with the exception of banks and foreign oil companies that have concessions in UAE oilfields), no income taxes, and a relatively low import duty of five percent on most products. For more information on leading industry sectors for U.S. companies in UAE, click here.

Turkey’s
rapidly expanding economy, political and economic stability, and the possibility of EU membership continues to attract the attention of a variety of American companies. In 2011, U.S. exports to Turkey reached a record $14.7 billion, and while 2012 brought a slight decline in exports ($12.6 billion), total U.S.- Turkey trade remained at a near record of more than $19 billion. Turkey’s financial sector is stronger than that of many other countries, due in part to a series of reforms in the wake of the 2001 financial crisis which left Turkish banks better leveraged than many of their U.S. and European counterparts. Across many sectors, U.S. exporters have excellent immediate and medium-term prospects in this diverse market. For more information on leading prospective industry sectors for U.S. companies in Turkey, click here.

What the trade mission will offer you and your business in the UAE and Turkey:


 • Meet prescreened business contacts face-to-face, including potential agents, distributors, buyers and joint-venture partners, in one-on-one appointments scheduled for you in advance.
 • Connect with industry decision-makers and government officials at VIP networking receptions.
 • Engage with U.S., UAE, and Turkish business leaders already successfully operating in the UAE and Turkey. Assess the business climate, trade policies and market opportunities to determine if the UAE and Turkey are right for your business.
 • Enjoy group business and cultural excursions in Dubai, Abu Dhabi, and Istanbul.

Trade Mission Itinerary will include:


October 25-27, Dubai, UAE
• One-on-one business meetings through Gold Key Service
• Embassy hosted business networking reception
• Embassy business briefing

October 27-29, Abu Dhabi, UAE
• One-on-one business meetings through Gold Key Service
• Embassy hosted business networking reception
• Embassy business briefing

October 29-31, Istanbul, Turkey
• One-on-one business meetings
• Business networking reception
• Embassy business briefing


For additional information on logistics and fees associated with the trade mission, please contact: Tausha Dingman, tausha.dingman@zionsbank.com, 801-309-0950

For additional information on Gold Key Service programming during the trade mission and how to register, please contact: Shelby Peterson, shelby.peterson@trade.gov, 801-255-1872


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Fall 2014- Executive Certificate of Global Business Management Course

The Salt Lake Community College Global Business Resource Center is now accepting applications for the fall 2014 “Executive Certificate of Global Business Management” Course. The Course is offered to business executives, professionals, working staff, entrepreneurs, and qualified students who wish to increase their exporting knowledge and improve their strategies in global business practices.

This Certificate course consists of 30 hours of class instruction.  It includes a professional text and supplements designed to help guide businesses and professionals into the world market place. The course is a hands-on course taught by experts and leading professional practitioners and will provide how-to instruction on exporting your products and services including, international marketing, market research, financing exports/getting paid, shipping your products, and more.

Classes start October 1, 2014 and end December 10, 2014. A total of 10 classes will be on Wednesday evenings with each class lasting 3 hours (6:00 PM - 9:00 PM). (No class during the Thanksgiving week.) The class will limited to 18 persons so please register as soon as possible to reserve your place.

The cost of the course is $995. Discounts for the course are available through the State of Utah Custom Fit training program and the State of Utah Short Term Intensive Training (STIT) program.

To pre-register or for additional information on this professional development opportunity, contact Stan Rees of the Global Business Center at 801-957-5336 or mail: stan.rees@slcc.edu. Registration deadline is September 23, 2014. 

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Upcoming Industry & Market Webinars

U.S & Foreign Commercial Services offices worldwide regularly organize educational webinars for U.S. exporters.

For details and registration, click here.


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Utah Export News

Export West: How Intermountain West Metros Can Lead National Export Growth and Boost Competitiveness- Brookings Institution Report

Export West: Utah is the Place! - The New Republic

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*For a calendar of upcoming international related events, please see the World Trade Center Utah's community event calendar:  http://www.wtcut.com/calendar.php.