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REALLY USEFUL RESOURCES
for international trade professionals |
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 OUR FEATURED COUNTRY
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Saudi Arabia
Take advantage of a promising market
The recent visit of the President of the U.S.-Saudi-Arabian Business Council was an opportunity for both partners to take stock of their trade during 2011. The combined total volume of these exchanges was almost $55 billion (USD), placing Saudi Arabia 11th place among the leading suppliers of the United States. For their part, the United States in 2011, was the second customer of Saudi Arabia (accounting for 17.5% of exports), and its largest supplier, with 13.6% market share of total Saudi imports. |
Riyadh City, business center |
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Saudi Arabia appears in this sense as a leading market for U.S. products. The main products exported by the United States to Saudi Arabia, are vehicles, aircrafts, medical equipment and optical instruments. In recent years, the U.S.-Saudi-Arabian Business Council has worked hard to remove barriers faced in trade and investment. Their next line of work will facilitate the meeting of U.S. and Saudi Arabian SME’s through the organization of business visits, delegations and seminars.
Business opportunities are far from lacking in Saudi Arabia, with a market of 25 million people, it is seeking to diversify its economy, which has been too dependent on oil revenues. The Kingdom has put in place incentives to attract foreign companies: exemption from custom duties, site allocations, financial loans, etc. The role of the U.S.-Saudi-Arabian Business Council, and other institutions and agencies working on Saudi soil, are vital in this particular market. It is indeed necessary, here more than anywhere else, to be able to rely on partners who have local knowledge of the market, because of the many cultural characteristics which mark the different phases of commercial projects.
For more on the commercial relationship between the U.S. and Saudi Arabia:
• Trade in Goods with Saudi Arabia on the U.S. Census Bureau's Website
• The U.S. Commercial Service in Saudi Arabia
• The U.S. – Saudi Business Opportunities Forum
To help you do business with Saudi Arabia:
• The US Embassy in Riyadh
• The American Business Group of Jeddah
• The American Arab Chamber of Commerce
• The Arab American Chamber of Commerce
• Doing Business in Saudi Arabia: 2011 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
| Featured |
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Global Business Magazine: www.gbmonline.net
This month’s cover story is about Social Media, and its increasingly pivotal role in communication and marketing. We look at the business behind the phenomenon.
When it comes to taking business to new heights, we could learn a thing or two from Richard Branson, one of the world’s most flamboyant entrepreneurs. In this month’s issue, we ask him about his successful business empire – and why the world is not enough.
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In Capital Markets, we examine whether equity financing is still a good option in the current market conditions. We also look at SME’s and the real challenges they face in having their financing needs met.
Mergers & Acquisitions delves a little deeper into the world’s fourth largest economy (behind Japan’s) – the US Middle Market. We also look at the growth of the Malaysian economy and the factors that could provide the necessary impetus for further M&A activity.
Going behind the headlines, we get an insight into investment opportunities in China from an UK (expat) perspective, and how a detailed analysis of individual regions is required to better understand their economy as a whole.
Our Intellectual Property Law focus looks at the Dominican Republic’s system for protecting intellectual property. We also look at copyright in Belgium and whether it is an economically valuable intellectual property right.
Looking at the UK, we delve further into the world of Private Equity, and how a long-term approach enables it to not just weather economic shocks but actually prosper in the current economy. We also look at why Africa is a serious long-term opportunity for international investors.
And with April now here, our thoughts are already turning towards escaping to sunnier climes. Our Luxury Brand Series profiles luxury spa resorts that will (literally) put a spring in your step.
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 REALLY USEFUL SITES
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The World Customs Organization (WCO)
www.wcoomd.org
The World Customs Organization (WCO) is the only intergovernmental organisation exclusively focused on Customs matters. It has a worldwide membership, in which the WCO is now recognised as the voice of the global Customs community. It is particularly noted for its work in areas covering the development of global standards, the simplification and harmonisation of Customs procedures, trade supply chain security, the facilitation of international trade, the enhancement of Customs enforcement and compliance activities, anti-counterfeiting and piracy initiatives, public-private partnerships, integrity promotion, and sustainable global Customs capacity building programmes. Check out the website to see how it can help you with your Customs matters, as the WCO also maintains the international Harmonized System goods nomenclature, and administers the technical aspects of the WTO Agreements on Customs Valuation and Rules of Origin. |
Europa.eu
www.europa.eu
Europa.eu is the official website of the European Union. It is a good starting point if you are looking for information and services provided by the EU. The site offers you basic information on how the EU works; the latest EU news and events; links to EU information on the websites of EU institutions and agencies.
The site is run by the Communication department of the European Commission on behalf of all EU institutions. Search the site using one of the main topics, e.g. About the EU, Your Life in the EU, Take Part, or by using the search engine or A-Z index. You can also use the web tutorial which guides you around each section to see how you can easily find the information you're after.
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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 SEMINARS
• Export University - Export 101 - Introduction to Exporting – Raleigh, NC, United States - 05/15/2012
• Focusing on Bulgaria - Ambassadors Business Road Show – Los Angeles, CA, United States - 05/15/2012
• Using Your Website to Increase Your International Sales – Elmira, NY, United States - 05/22/2012
• Central Florida Exporters' Roundtable - Auburndale, FL, United States - 05/23/2012
• Invest in the U.S.A. Seminar - Vienna, Austria - 05/23/2012
SOME UPCOMING WEBINARS
• A Basic Guide to Exporting: Taking Advantage of NAFTA – Washington, DC, United States - 05/16/2012
• "Doing Business in Brazil" Webinar – Washington, DC, United States - 05/22/2012
• A Basic Guide to Exporting: Understanding Export Controls – Washington, DC, United States - 05/23/2012
• A Basic Guide to Exporting: How to Protect Your Intellectual Property in Foreign – Washington, DC, United States - 05/24/2012
SOME UPCOMING EVENTS
Get ready for the next Tradeshows!
• Natural Products Expo Asia - Hong Kong, Hong Kong - 8/23 - 25/2012
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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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