REALLY USEFUL RESOURCES
for international trade professionals
  Thursday, November 4, 2010         Issue 250         Volume 10 Number 22 Read online previous issues
This Newsletter is sponsored by Global Sources Online

 

Dear International Traders,

For 9 years this newsletter has been bringing you descriptions of useful websites for international trade.


We are now expanding our activities and from now on will offer not only useful websites, but also 3 new services:

Useful service providers to help you sort out your overseas operations, taken from: GlobalTrade.net , our new, soon-to-be-released "Knowledge Resource" and database of qualified service providers for international trade.
Jobs from FITA's Career Headquarters
• Events offered by our partner the U.S. Commercial Service and other related agencies.

This week in Really Useful Sites we will:
• Learn about doing business and investing in Mexico
• Get World Integrated Trade Solution (WITS), new integrated software for trade
• Get up-to-date resources for trade show participation and success from trade Show Advisor
• Find out how to use and profit from RSS Feeds

Also in this issue:
Three featured service providers this week

If you are a service provider:

Join GlobalTrade.net and be featured as an expert
Use ID and KEY: FITA / 1234
Featured job this week:
• Marketing Operations Manager

If you are an employer:

Post Your Job Openings
Upcoming U.S. Commercial Service Events & Webinars:
• 7 events for Going Global

Participate
The International Business Conference, New York City, November 10
Participate
REALLY USEFUL SITES

MEXICO
Our Featured Country
www.promexico.gob.mx

Mexico benefits from a strategic location on the United States southern border, and as the main link connecting North and South America. The proximity of the most powerful economy in the world has a great impact on Mexican economic development.

The Mexican economy is mainly based on domestic production. The country ranks among the world's largest producers of coffee, sugar, corn and oranges, as well as many minerals, including silver, fluorite, zinc and mercury. Mexico is also the world's fifth largest producer of petroleum. Agriculture accounts for 4% of GDP, industry 35% and the service sector contributes to around 60% of GDP, mostly thanks to construction services and real estate investments. For more economic data, visit the website of the Statistical Office.

Mexico is the largest international trading economy in Latin America and is the country with the greatest number of free trade agreements. Foreign Trade accounts for nearly 60% of Mexican GDP. The country imports electronic and machinery products, chemical, rubber and plastic, while its main exports are oil, televisions, motor vehicles and transmission apparatus for radio-telephony. 80% of the country’s trade is conducted with the United States. For more information about trade, consult Foreign Trade Statistics on the website of the Ministry of Economy.

The Mexican retail network is dominated by large-scale distribution, with supermarkets representing the largest part of total retail trade. The number of local shops and neighborhood stores is decreasing, as a consequence of the rise of the middle class widely influenced by US consumer habits. Walmex (owned by Wal-Mart) accounts for almost 25% of retail sales and has more than 700 stores in the country. Non-store retailing (internet retailing and direct selling) is rapidly increasing as more and more people have access to the Internet.

Mexico is one of the emerging countries most open to foreign direct investment. The areas where foreign investments are concentrated the most are the border towns with the United States (where assembly factories are located), as well as in Mexico City. The Yucatan peninsula also is a target of foreign investments thanks to its tourism industry. These investments come mostly from the United States and Spain. The sectors which receive the largest amount of foreign investments are the financial, automobile and electronics industries. For more information, you can consult the Mexico 2010 Investment Climate Statement published by the US Department of State and the Mexico Investment Map available on the website of Pro México, a Mexican government institution in charge of strengthening Mexico´s participation in the international economy.

Also visit the websites of the Mexican Embassy to the United States, the American Chamber of Commerce in Mexico,and the U.S. Commercial Service in Mexico. The sites give extensive information about the market with news and business guides, and the Commercial Service programs conferences, trade missions and training. If that's not enough, you'll also find plenty of good research at the FITA Mini Portal of Mexico a feature of the FITA Web site. The FITA Mini Portal has an overview of the country, with facts about the language, currency, climate, etc., plus more specific information about the economy, markets, taxes, labor market indicators, and tips on doing business in Mexico.

The Mexico Mini Portal is one of many research gateways at the FITA site. To find Mini Portals for other countries, just click on "Country Profiles" from within a Mini Portal, or at the FITA home page.

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WORLD INTEGRATED TRADE SOLUTION (WITS)
New Integrated Software for Trade
wits.worldbank.org

The World Integrated Trade Solution (WITS) is new software developed by the World Bank, in close collaboration and consultation with various International Organizations.

WITS gives you access to major international trade and tariff data compilations: UN COMTRADE (Commodity Trade) database maintained by the United Nations Statistical Division (UNSD); TRAINS (Trade Analysis Information System) maintained by the United Nations Conference on Trade and Development (UNCTAD); IDB (Integrated Data Base) and CTS (Consolidated Tariff Schedule) databases maintained by the World Trade Organization (WTO).

WITS provide users with capabilities to retrieve and analyze trade and tariff data; convert data between different nomenclatures; customize country and product groups; and download data. Registration is free. However, access to databases themselves can be fee-charging or limited depending on your status.

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GET THE LATEST PRODUCTS FROM QUALITY SUPPLIERS - TRY GLOBAL SOURCES ONLINE
To leave better overseas
www.globalsources.com/buyerservices/OCT_FITA

Find the suppliers who have the new products your customers are looking for Global Sources Online features over 4.5 million products in thousands of product categories, from 262,000 China suppliers.

Each of the “verified” suppliers on the Global Sources site has been visited at least 3 times to make sure it’s a real exporter, with real products and real employees. That means you can source with greater confidence.

Contact quality suppliers directly in all of the following areas FREE:

  1. Auto Parts & Accessories
2. Baby & Children's Products
3. Computer Products
4. Electronic components
5. Electronics
6. Fashion Accessories
7. Garments & Textiles
8. Gifts & Premiums
9. Hardware & DIY
10. Home Products
11. Security Products
12. Sports & Leisure
13. Telecom Products
14. Machinery & Industrial

Sign up for Global Sources´ Product Alert too. Get FREE e-mail notifications about new products and suppliers in your areas of interest as soon as they’re posted at Global Sources Online.

Global Sources has been connecting buyers worldwide with suppliers in China for over 40 years through its magazines, online search directory and tradeshows. Take a look at Global Sources Online today to learn more about how their products and services can help your business grow.

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TRADE-SHOW-ADVISOR
Trade Show Notices and News
www.trade-show-advisor.com

Learn how to maximize your trade show success with the blog trade-show-advisor.com. Find some tips, manage your schedule, receive direct notices and news through the RSS feed.

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WHAT IS RSS
Database Trade Barriers
www.whatisrss.com

RSS (Rich Site Summary) is a format for delivering regularly changing web content. Many news-related sites, weblogs and other online publishers syndicate their content as an RSS Feed to whoever wants it. Feed readers or news aggregators gather RSS feeds from various websites and display them for you to read and use. Find out more by clicking here to see the most popular tools.

If a website does not provide a RSS feed, you can also create one by yourself with a number of tools that are very easy to use. Find out how by clicking here to see the "Top 10 Free Tools to Create RSS for Any Website".

Collecting RSS feeds saves you a lot of time because you don't need to visit your favorite sites every day. And it also brings together in one place (your RSS feed reader), all the information and knowledge in your areas of interest.

Beware, however, that subscribing to a huge number of RSS feeds could easily cause you to spend many hours just reading feeds. To avoid being a victim of “RSS overload,” look at the 8 tips which will help you manage your RSS feeds.

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USEFUL SERVICE PROVIDERS

INTERNATIONAL TRADE SERVICE PROVIDERS
Service Providers who will be Listed in the GlobalTrade.net Directory of International Trade Service Providers
www.GlobalTrade.net

Manderstam International Group, Engineering Consulting in United Kingdom
Netherlands International Trade Consultants, Sales and exports consultancy in Netherlands
William Chan, Tax & Business Advisory in China

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FITA CAREER HEADQUARTERS

FITA CAREER HEADQUARTERS
Marketing Operations Manager
www.fita.org/jobs

In the 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 this week is a listing for a Marketing Operations Manager for Unz & Co. in New Jersey, a leading business to business direct marketing supplier of training, consulting and compliance tools for exporters and Importers. Click here to browse more than 700 other positions!

Employers - Click here to advertise your job openings on FITA's Career HQ.

Let the jobs come to you! Employers are looking for people with international skills. Post your resume TODAY and reap the rewards of the FITA Career HQ! And with a FITA Career HQ job agent, you can decide what kind of job you are looking for and let the system do the searching for you. Simply set up specific search parameters in a Job Agent, and whenever a job is posted that matches your criteria, you'll be notified automatically via email. It's that easy!

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U.S. DEPARTMENT OF COMMERCE EVENTS

U.S. Commercial Service Events and Webinars
Resources for Going Global
www.export.gov/eac/trade_events.asp

The U.S. Commercial Service, a division of the International Trade Administration of the U.S. Department of Commerce, sponsors and participates in many events and webinars that help U.S. exporters sell overseas and help overseas buyers learn about U.S. exports. The Commercial Service has a searchable database of these events worldwide at www.export.gov/each/trade_events.asp. Below are some upcoming events:

Challenges Facing Empowered Officials and Trade Compliance Professionals, November 8, Los Angeles, CA and November 9, San Diego, CA.
Position Your Company for Success in the Middle East and North Africa, November 9, Omaha, NE.
Americas Competitiveness Forum: Hemispheric Growth Through Innovation and Trade, November 14-16, Atlanta, GA.
Webinar Series: Trade Winds 2011: Mexico and The Americas, November 17, 2010; December 17, 2010 and January 17, 2011; February 17, 2011; March 17, 2011.
Europe Economic Outlook, November 18 Webinar.
Export Finance Conference 2010, November 19, Pittsburgh, PA.
Executive Led Multi-Sector Trade Mission to Nigeria, March 8-10, 2011.

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The International Business Conference
Wednesday, November 10, 2010 | 8:00am - 1:00pm
The Graduate Center, 365 Fifth Avenue, New York, NY

www.nyreport.com/internationalconference

Subscribers to "Really Useful Resources" receive a 20% discount with promo code FITA

• Are you struggling with marketing in a foreign market?
• Do you know strategies to mitigate risks when going global?
• What are the latest opportunities and pitfalls in doing business overseas?
• Are you up-to-date with the newest compliance and legal issues?

The International Business Conference will incorporate lessons learned from the latest opportunities and pitfalls, providing attendees with critical information and resources needed to thrive in the growing global marketplace. If you are currently doing business overseas or are considering doing so, this is a “must-attend” event.

Sessions include:
• The Latest Global Trends and Opportunities
• Panel Discussion: International Business Success Stories: How They Thrived
• Achieving Early Victory & Profitability in the Int'l Business Environment / Best Practices in the Global Marketplace
• Mitigating Risks of Doing Business Overseas
• International Marketing Strategies
• Global Trade Compliance & Legal Issues

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Do you have interesting website for International Trade?
Submit Your Website

And don't forget -- if you'd like more information about international trade, go to FITA's Really Useful Links, which has a link library of more than 8,000 sites related to international trade.

Please feel free to pass this newsletter on to others.

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