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REALLY USEFUL RESOURCES
for international trade professionals |
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 OUR FEATURED COUNTRY
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Sri Lanka
From GSP access to trade opportunities
www.island.lk
The Deputy Representative for Trade in the United States for South Asia, visited Sri Lanka from the 27th to 31st March 2012 to discuss accessibility conditions in Sri Lanka. The U.S. Generalized System of Preferences (GSP) is a program that aims to promote trade between the U.S. and developing countries, through the establishment of preferential duty-free treatment and review of custom duties on the entry of certain categories of products into the U.S. market. |
Colombo city, Sri Lanka's economic center |
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This visit shows the will of the U.S. to expand trade ties with Sri Lanka. The U.S. is now the first buyer of Sri Lanka trade products, with 21% of total exports, but only its 20th supplier, representing less than 2% of imports. The U.S. imports mainly textile products: about $4 billion (USD) of garments exported from Sri Lanka in 2011, with the U.S. market absorbing nearly 40%, ($1.5 billion). Rubber-based products come in second position. In 2011 the U.S. recorded a deficit of trade balance with Sri Lanka in the order of $1.7 billion: they exported $300 million and imported $2 billion worth of Sri Lankan products. The two countries signed a framework agreement on trade and investment in 2002, under which annual summits are organized to discuss topics such as employment, business development, intellectual property rights, agriculture, the promotion of female entrepreneurs and investment in specific sectors.
The U.S. Trade Representative had the opportunity to attend the Sri Lanka 2012 exhibition, the first trade show organized by the Sri Lankan government, which aimed to present products and services offered by local businesses. The strong presence of foreign visitors at the event demonstrated the growing confidence among foreign investors about business opportunities that are currently developing in the country.
To learn more about trade relations between the United States and Sri Lanka:
• Trade in Goods with Sri Lanka on the U.S. Census Bureau's Website
• The American Chamber of Commerce in Sri Lanka
• The Sri Lankan Agency for Foreign Investment
To help you do business with Sri Lanka:
• The US Embassy in Sri Lanka
• The Sri Lanka Export Development Board - EDB
• The Sri Lankan Agency for Foreign Investment
• Doing Business in Sri Lanka: 2012 Country Commercial Guide for U.S. Companies
For more information on other countries worldwide:
• Country profiles from FITA
• Market Analyses, business tips and more on GlobalTrade.net
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 REALLY USEFUL SITES
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WCN
A new site for World Chambers Network!
www.worldchambers.com
WCN has adopted a totally new design: new colours, new navigation, new site map to improve access of exporting and importing companies to the tools and information that Chambers of Commerce provide to facilitate international trade. It is the official "chamber" online portal dedicated to electronic international trade. The global network can help companies of all sizes expand their local, regional and worldwide markets. Check it out today to find useful resources for your business. |
The European-American Business Organization, Inc. (EABO)
www.eabo.biz/USEUmatch.html
Considering that Europe is the source of more than 50% of America's annual global earnings and each year, 75% or more of Europe's direct foreign investment goes into the American Market, it pays to look seriously at transatlantic business development. EABO offers US-EU-Match - a bridge between American and European companies that seeks to create partnerships regarding business development, technology transfer and research activities. Explore the site today to find out more about how your company could benefit from their service.
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EVENTS AND WEBINARS
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Assisted by:
The U.S. Commercial Service |
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Stay up to date and informed with U.S. Commercial Service seminars and webinars!
SOME UPCOMING WEBINARS
• Export Strategies, Tools and Techniques - Portland, OR, United States - 04/26/2012 (Seminar)
• Free Trade Agreements: Qualify your products with confidence – Sioux City, IA, United States - 05/02/2012 (Seminar)
• Information for Selling to the BRICs – New York, NY, United States - 05/04/2012 - (Seminar)
• Financing Trade & Mitigating Risk - Oakland, CA, United States - 05/09/2012 – (Seminar)
• Turkey Aerospace and Defense – Los Angeles, CA, United States - 04/26/2012 - (Webinar)
• A Basic Guide to Exporting: Duty Drawbacks – Washington, DC, United States - 05/02/2012 - (Webinar)
• Social Media for Higher Education International Recruitment – Kansas City, MO, United States - 05/03/2012 - (Webinar)
• Legal Aspects of International Trade – Denver, CO, United States - 05/09/2012 - (Webinar)
SOME UPCOMING EVENTS
• Learn About Trade Opportunities in Europe - Yale University West Campus, CT - Monday, 05/07/2012
Get ready for the next Tradeshows! Here is a list running from July 13th to July 26th 2012
• PAACE Automechanika Mexico 2012, Mexico and Central America's most important automotive trade show - Mexico City, Mexico - 07/18-20/2012
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Published by FITA Online, 172 Fifth Ave., #118, Brooklyn, NY 11217 USA.
Copyright © 2012 GlobalTrade SAS. All rights reserved.
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