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Minnesota District Export Council

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New Study Provides Profile of U.S. Firms that Export and Import Services Print E-mail

Data from the Bureau of Economic Analysis (BEA) show that the United States has historically maintained a trade surplus in private services. So what types of firms are involved in this kind of trade abroad? Thanks to a new BEA study we have a better understanding of the kinds of American companies that export and import services. Click here to read the key findings of the report and full article.

 
Export Control Reform Print E-mail

The Obama Administration has recently launched the Export Control Reform Initiative (ECR Initiative), which will fundamentally reform the U.S. export control system. The ECR Initiative, which is not related to the President's National Export Initiative, is designed to enhance U.S. national security and strengthen the United States' ability to counter threats such as the proliferation of weapons of mass destruction. 

Each Wednesday, Assistant Secretary for Export Administration Kevin Wolf holds a weekly teleconference at 2:00pm (Eastern Time) to answer questions about the Department of Commerce's proposed rules pertaining to the Administration's Export Control Reform (ECR) initiative. These calls are intended to foster public understanding and to assist interested parties in preparing more informed comments. Click here to learn how to dial in and submit questions in advance.

Companies can also get extensive, in-depth insight at the Annual BIS Update Conference held in Washington, DC July 17-19.  Click here for details.

 
China Webinar Series - Summer 2012 Print E-mail

China offers tremendous opportunities to U.S. exporters in a variety of industries.  The U.S. Commercial Service is pleased to be offering a series of webinars to U.S. companies in the golf/tourism, health food/supplements and retail/tourism sectors this Summer!  

Keys to Entering the Asian Golf Market (June 6, July 11, August 1) is a three-part series whereby specific issues are covered in programs offered in June, July and August 2012.  Topics include an overview of the China golf market, maximizing trade show ROI, distribution channels and IPR protection.

Catering to the Chinese Tourist (June 21) focuses on the increasing tourist arrivals from China, expected to grow by 200% in the next five years.  The webinar will introduce ideas to assist U.S. retailers, hotel operators, tour operators, attractions and destinations to build a greater understanding of how to serve and increase sales to the growing number of tourists from China.

Selling Nutritional Supplements to China (June 12) highlights the more than $10 billion industry that is growing at 5% per year.  Learn more about the market conditions, how to register, realistic view on entering the market, costs of entry and the competition. 

Click here to learn more information and registration links for these webinars!

   

 
U.S. Foreign & Commercial Service Officer Recruitment Print E-mail

Interested in a Career in International Affairs, Foreign Relations, Trade Promotion and Commercial Diplomacy?

The U.S. Commercial Service is looking for dedicated professionals to add to its complement of nearly 250 Foreign Service Officers serving in Embassies and Consulates around the globe.  Click here to read more about the position and application process!

 
EXIM Bank to Establish Full-Time Presence in Minneapolis and Other Locations Print E-mail

Detroit, Mich. – Today at the Detroit Economic Club, Fred P. Hochberg, the chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), announced that Ex-Im Bank will establish a new full-time presence in four U.S. cities by this summer. Bank staff, which are currently being recruited for the new positions, will be based in Atlanta, Detroit, Minneapolis, and Seattle. This will provide local small business exporters with enhanced access to Ex-Im Bank products and services.

"Ex-Im Bank wants to provide small businesses access to export financing for their export sales," said Chairman Hochberg. "Exports are a true bright spot in our economic recovery, and having additional field staff in four cities will help ensure that more U.S. businesses are reaching international markets."

"More Michigan exports mean more Michigan jobs," said U.S. Senator Debbie Stabenow, a member of the President's Export Council under both Presidents Bush and Obama. "Helping Michigan small businesses reach new markets is absolutely one of the best ways to strengthen our economy. There is still a lot of work to be done, but with our auto industry coming back, Detroit welcoming the country's first-ever satellite patent office and now this new export center, good news is happening in Michigan."

"Last month, I joined President Obama during his visit to the region when he highlighted the importance of the Export-Import Bank," said Seattle Mayor Mike McGinn. "We welcome their new office in our city, the opening of which is evidence of Seattle's resilient economic force in our region. With more than 95 percent of the world's consumers living outside the United States, it is vital that Washington businesses - both large and small - explore international markets."

 
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Minnesota District Export Council • 100 N. 6 St. • Suite 210-C • Minneapolis, MN 55403 • Tel: 612-348-1638 • Fax: 612-348-1650
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