July 2010 ITU
- Table of Contents
- Full Issue in PDF
- Building the Power Infrastructure of Tomorrow
- Haitian Relief Efforts Focus on U.S. Business Community
- Small Business Exporters Tell of Triumphs and Challenges
- Short Takes
- Trade Calendar
- Featured Trade Event: Energy and Infrastructure Trade Mission to Saudi Arabia
Recent ITU Issues
Special Editions
ITU Archives
Short Takes: News from the International Trade Administration
Trade Mission to Saudi Arabia and Qatar Yields Positive Results for U.S. Exporters
During the recent trade mission that he led to Saudi Arabia and Qatar, Francisco Sánchez (center), the under secretary for international trade, participated in a roundtable with Saudi journalists. (U.S. Department of Commerce photo)
During a recent trade mission to Saudia Arabia and Qatar, 11 U.S. companies introduced their products and services that can help the two nations meet challenges in the public health and water and waste management sectors. The mission, led by Francisco Sánchez, under secretary of commerce for international trade, spent five days in the Middle East from June 5–10, 2010.
“There is more than $750 billion in upcoming projects during the next decade in these two markets, and both countries are very interested and excited to consider American products and services for these tenders,” Sánchez said. “There are tremendous opportunities here.”
In 2009, U.S. exports of goods to Saudi Arabia totaled $10.8 billion. U.S. exports to Qatar that same year were $2.7 billion.
During the mission, Sánchez and the delegation met with key government and private sector officials in Riyadh and Jeddah, Saudi Arabia, and Doha, Qatar. Business participants also conducted more than 200 one-on-one meetings with potential clients.
Because of rapid population growth and the need for public health services to care for their citizens, Saudi Arabia and Qatar are contemplating billions of dollars worth of infrastructure, public health, and water and waste management projects in the near future.
Several mission participants returned to the United States with plans for projects or for expanding into both markets. One company signed contracts worth more than $600,000, and another laid the groundwork for $2.5 million in sales and identified distributors in Saudi Arabia and Qatar.
“This was a very well-organized mission and set us up with the right partners,” said Ted Jacob, president of Ted Jacob Engineering Group. “It really gave us a jump start on the market.”
More information on opportunities in the region is available from the Middle East Business Information Center at www.export.gov/middleeast. Specific country information is available on the U.S. and Foreign Commercial Service’s Web pages for Saudi Arabia and Qatar.
Opportunities for Small Companies Focus of Trade Mission to Jamaica and Dominican Republic
A 10-company U.S. trade mission to the Dominican Republic and Jamaica on June 13–19, 2010, gave small and medium-sized companies the chance to explore business opportunities in the two Caribbean countries. The mission was led by Rick Wade, senior adviser and deputy chief of staff to the secretary of commerce, and made stops in Santo Domingo, Dominican Republic, and Kingston, Jamaica.
Wade stressed that geographical proximity and shared historical and cultural ties make the Dominican Republic and Jamaica prime destinations for U.S. goods and services. “The Caribbean is a natural area for U.S. firms to explore new export opportunities that will result in more jobs for American workers,” said Wade.
The United States is the primary trading partner for both countries. In 2009, U.S. exports to the Dominican Republic totaled $5.27 billion. That same year, exports to Jamaica totaled $1.45 billion.
During the week-long mission, company representatives participated in more than 180 meetings with potential business partners, distributors, agents, and customers. The business delegation brought together representatives from a variety of industries, including the manufacturing, transportation, consumer goods, cosmetics, home care, and financial services industry sectors.
Participating companies included Atlanta Global Resources, Inc.; Atrium Shutters; Bon Trade International Corporation; CMD Trailer Sales and Leasing, Inc.; Fast Enterprises, LLC; Freeman Schwabe Machinery; Magna-Bon II, LLC; Morton Supplies, Inc.; Palladio Beauty Group; and PGT Industries.
Suggestions Sought for National Export Initiative
Have you encountered challenges in exporting? Do you have ideas for improving government programs to make it easier to export? If so, the Trade Promotion Coordinating Committee (TPCC) wants to hear from you.
The TPCC, a committee composed of representatives from 20 federal agencies, including the Department of Commerce, is working to help implement the administration’s National Export Initiative (NEI). The NEI calls for the doubling of U.S. exports over the next five years. It was announced by President Barack Obama in his State of the Union message to Congress in January (see the February-March issue of International Trade Update), and steps to carry it out were in Executive Order 13534, which was issued by the president on March 11, 2010.
The TPCC is soliciting input from the public—and especially from exporters, other businesses, trade associations, academia, labor organizations, and non-governmental organizations—on a variety of export promotion policy matters, including:
- steps that the federal government could take to improve its programs to support U.S. exports;
- examples of effective foreign trade promotion programs and activities that could inform U.S. federal government program development; and
- more generally, how the federal government could better help U.S. businesses export.
The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. A PDF reader is available from Adobe Systems Incorporated.