FITA
 
 
  Wednesday, May 17, 2006 Issue 136 Volume 6 Number 10  

This issue sponsored by SOURCING AT TDCTRADE.COM

 

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IN THIS ISSUE:
• SINGAPORE -- OUR FEATURED COUNTRY
• VAT REFUND
• MOST COMPETITIVE CITIES
• ARTHUR FROMMER'S BUDGET TRAVEL MAGAZINE
• FITA CAREER HEADQUARTERS - FEATURED JOB - EXPORT CONTROL MANAGER

Hello International Traders!

China is not the only success story in Asia, and I've got a site in this issue that will help you research opportunities with one of the others -- Singapore. Also, if you paid value added tax (VAT) as a result of business travel, I've got a site that will help you get a VAT refund. Want to find out where the lowest business costs are? I found a study that will give you detailed information for 128 cities worldwide. Finally, don't make travel plans until you look for tips, advice, and deals at the site I found from renowned travel expert Arthur Frommer.

And don't forget -- if you'd like more information about international trade, go to FITA's Really Useful Links ( http://fita.org/webindex/index.html ), which has a link library of more than 8,000 sites related to international trade.

SINGAPORE -- OUR FEATURED COUNTRY

The port of Singapore is one of the world's busiest in terms of tonnage handled, and that makes sense when you realize that this small country ranked 17th in the world for imports and exports in 2005. That's an amazing statistic, since Singapore is 189th in the world in terms of land area. It's a tiny country with a big presence in international trade.

If you want to research trade opportunities with Singapore, a good place to start is Enter Singapore ( http://www.entersingapore.info/Business_Pilot/Bus02.htm ). Scroll down the page and you'll find links to information about: risk factors, economic forecasts, laws and regulations, the terrorism situation, tourism, political life, financial data, business contacts, government offices, Free Trade Agreements, starting a business in Singapore, and much more. I particularly like the Risk Investigation page ( http://www.entersingapore.info/country/Risk_Invest/Ci_20_set.htm ), which has lots of information about Singapore's laws.

Another good resource is the Singapore Mini Portal ( http://fita.org/countries/singapore.html), one of the new features at the FITA site. The Mini Portal is a good place to start your research. There is information about the language, currency, climate, etc., plus more specific information about the economy, Singapore markets, taxes, labor market indicators, tips on doing business, and a search engine to help you find market research on the Internet. There's also the latest headlines from Singapore.

Click on "Useful Links" and you'll find a variety of sources for market research, trade leads, business directories, logistics, government contacts, travel, financing, and lots more.

The Singapore Mini Portal is one of many research gateways at the newly redesigned FITA site. To find Mini Portals for other regions or countries, just click on "Country Profiles" from within a Mini Portal, or at the FITA home page ( http://www.fita.org ).

FITA's Global Trade Book Store has some excellent books about doing business in the Singapore. Check out Doing Business With Singapore and Culture Smart! Singapore: A Quick Guide to Customs & Etiquette. And the Singapore American Business Association of Northern California is a FITA member association. Check out their website for more resources about doing business with Singapore.

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VAT REFUND

The value added tax, or VAT, is a European tax on goods and services. It ranges from 5 to 25 percent, and can add up to a hefty sum. Businesspeople traveling abroad can recover the VAT on their expenses, but many do not take the trouble to do so. VAT Refund ( http://www.taxbackinternational.com ) makes it easy for you. At this site you can see a chart of refundable expenses by country, calculate your VAT refund, request an application for a refund, and get expert help with the process. Tax Back International, the company that runs the site, will process your claim and send you the refund -- so there's no excuse for not getting your VAT refund!

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SOURCE FROM THE WORLD'S LARGEST MANUFACTURING CENTRE!
http://sourcing.tdctrade.com

Buyers seeking to source the world's most extensive selection of high-quality, competitively-priced goods and production partners need look no further.

Ideally situated adjacent to the “world's factory” in southern China, Hong Kong is home to many of the companies that manufacture a seemingly exhaustive range of popular products on the Chinese mainland.

Find precisely the product, supplier or manufacturer you are looking for on the Hong Kong Trade Development Council's http://sourcing.tdctrade.com website, which provides direct access to some 100,000 Hong Kong, Chinese mainland and Taiwan-based companies.

You can:

  • search for products, suppliers or manufacturers by keyword, product category or region from the comfort of your own office
  • review product descriptions, photos and video clips, background information on the company and contact details
  • subscribe to email alerts on new products

If you have special sourcing requests, the Hong Kong Trade Development Council will even help identify the right suppliers and email supplier information once you specify your needs and contact details.

So log on to http://sourcing.tdctrade.com today!


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MOST COMPETITIVE CITIES

Where in the world are the lowest business costs? That's a question many international businesspeople would like answered, and you can find a detailed report on it at CompetitiveAlternatives.com ( http://www.competitivealternatives.com ). This site features a study of international business costs done by the accounting firm KPMG. The study covers 27 cost components, tracking them in 128 cities in nine industrialized countries. The basis for comparison is the after-tax cost of startup and operation for business operations in 12 industries. You can look at the data in a variety of ways, by simply clicking on "Highlights", "Industries", City Profiles", or "Detailed Results" at the top of the page. These reports have scads of good information, and they're free.

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ARTHUR FROMMER'S BUDGET TRAVEL MAGAZINE

More years ago than I care to remember, my wife and I traveled around Europe with a trusty Arthur Frommer travel guide in our backpack. Arthur Frommer is still at it, all these years later, and his Budget Travel Magazine ( http://www.budgettravelonline.com ) is a great resource for travelers, even if you're not a student on a limited budget. At this site you'll find lots of tips and resources to help you. You can book air and ground travel, lodging, cruises, etc.; peruse city guides packed with information about what to do on your trip; read true stories about trips gone wrong (and right); search for travel deals; and much more.

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FITA CAREER HEADQUARTERS - FEATURED JOB - EXPORT CONTROL MANAGER

In the new FITA Career Headquarters job seekers can now apply for jobs online and post their resume--free of charge--in an exclusive database that will be searched by hundreds of industry employers seeking employees with international degrees and/or related work experience. Featured job this week is for an Export Control Manager EaglePicher Technologies (EPT), LLC organization located in Joplin, Missouri. Click here to browse more than 700 other positions! Employers - Click here to advertise your job openings on FITA's Career HQ.

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ADVERTISING
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BENEFITS FOR OUR SUBSCRIBERS
http://www.fita.org/marketplace

FITA offers our subscribers many benefits. Go to the "Global Trade Shop" for services that are of great value. For example:

Take a look!

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