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REALLY USEFUL RESOURCES
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 OUR FEATURED COUNTRY
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Vietnam
A gateway to East Asia
The recent visit to Hanoi by former U.S. Trade Representative, Susan Schwab, was an opportunity to discuss with the National Assembly Deputy Chairwoman of Vietnam, Nguyen Thi Kim Ngan, bilateral trade relations between the U.S. and Vietnam. |
Saïgon, Vietnam |
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During this visit, the Vietnamese authorities stressed their commitment to deepen relations between the two countries, particularly in the areas of investment and trade. Vietnam wished to reassure their American interlocutor by reminding them of the progress made towards liberalization of the Vietnamese economy, manifested in the ongoing process of negotiation within the Trans-Pacific Partnership.
The United States is the largest customer of Vietnam: they host 20% of total Vietnamese exports. They are the sixth supplier, with 4% of imports. Over the year in 2011, the U.S. exported $4.340 million (USD) of products towards Vietnam and imported $17.485 million of Vietnamese products. In 10 years (2001-2011), U.S. exports to Vietnam have multiplied by 10. As for imports, they multiplied 17 times. Vietnam's economy is one of the fastest growing in Southeast Asia, with a growth rate of nearly 6% in 2011. Vietnam and the United States signed in 2001, a bilateral trade agreement.
Business opportunities are not lacking in Vietnam. The government launched in late 2011, three main national projects to ensure sustained growth in times of international uncertainty. These involved: infrastructure development, youth training and institutional modernization. To achieve these objectives the country plans to reform public enterprises, private sector development and most importantly, modernize its banking system. Vietnam is emerging as an important market for U.S. agricultural products, particularly in the areas of fisheries and forestry.
For more on the commercial relationship between the U.S. and Vietnam:
• Trade with Vietnam on the U.S. Census Bureau's Website
• The U.S. Commercial Service in Vietnam
• The US-Vietnam Trade Council
• The US-ASEAN Business Council in Vietnam
To help you do business with Vietnam:
• The US Embassy in Hanoi
• The American Chamber of Commerce in Vietnam
• The Vietnam Business Forum
• The American Chamber of Commerce in Vietnam
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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USAID
www.usaid.gov
Works in over 100 countries, USAID aims to: promote broadly shared economic prosperity; strengthen democracy and good governance; improve global health, food security, environmental sustainability and education; help societies prevent and recover from conflicts; and provide humanitarian assistance in the wake of natural and man-made disasters. Check it out to see how it can help your international trade. |
The Trade Compliance Center
tcc.export.gov
The TCC, part of the U.S. Department of Commerce's International Trade Administration, is the U.S. Government's focal point for monitoring foreign compliance with trade agreements to see that U.S. firms and workers get the maximum benefits from these agreements. Be sure to use this website for all your imports/exports and foreign investments- the U.S. Government go to a lot of trouble to ensure U.S. firms get the most out of their trade deals. Understanding trade compliance is the first step in your overseas operations.
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Coffee Perks up Fair Trade Stats
Datamyne’s US import data indicates that 2012 is on its way to breaking records for fair trade coffee, with first-quarter volume up 55% compared to 2011.
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That’s good news for fair trade groups that ask buyers to pay a premium for certified products with the promise that the extra money goes to workers at the bottom of the supply chain. According to Fair Trade USA, community development premiums generated by fair trade coffee imports totaled $17 million in 2011 – that’s 61% more than in 2010 and 78% of all fair trade premiums paid by US companies last year.
The bill of lading data holds evidence that this growth trend is sustainable. Of the top five US importers (see who they are) of fair trade coffee, two are on a mission to promote fair trade. The other three are long established coffee traders with a commercial interest in seeing the “fair trade” brand gain ground in the market for specialty brews.
What can Datamyne show you about trade in your product? Find out with a FREE REPORT on the product or company of your choice based on the latest 2 weeks of US import data. To order, Click Here.
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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
Russia's WTO Accession, What it Could Mean for Your Business
On June 14th the U.S. Commercial Service will offer a webinar on Russia's Upcoming WTO Accession and Permanent Normal Trade Relations highlighting the implications and opportunities for U.S. Business. This webinar will feature experts on Russia's market and trade policy from the U.S. Embassy in Moscow as well as from the U.S. Commerce Department's Market Access & Compliance unit in Washington, D.C. Topics will include, current market conditions in Russia, Russia's WTO accession, what specific benefits it would bring for US companies, and the status of efforts to establish Permanent, Normal Trade Relations so that U.S. companies can compete on a level playing field in Russia once it becomes a WTO Member. This webinar will take place on June 14 from 11:00 a.m. to 12:00 p.m. EST. The cost to participate in this webinar is $15, payable by credit card.
To register please click visit. For more information please contact the US Commercial Service in Baltimore at 410-962-4539 or email Paul Matino.
• Select USA Seminar Series-Mexico City – Mexico City, Mexico - 06/06/2012
• Select USA Seminar Series-Guadalajara – Guadalajara, Mexico - 06/07/2012
• Select USA Seminar Series-Monterrey – Monterrey, Mexico - 06/08/2012
SOME UPCOMING WEBINARS
• A Basis Guide to Exporting: Completing Cert of Origin, FTA and eCertification – Washington, DC, United States - 05/30/2012
• Developing a Corporate Export Management and Compliance Program (EMCP) – Middletown, CT, United States- 05/31/2012
SOME UPCOMING EVENTS
Get ready for the next Tradeshows!
• ONS 2012 - Oil and gas show in Europe - Stavanger, Norway- 8/28 - 31/2012
• SMM 2012 - Leading international trade fair for the ship building sector - Hamburg, Germany - 9/04 - 07/2012
• SEMICON Taiwan 2012 - Premier event in Taiwan for microelectronics manufacturing - Taipei, Taiwan - 9/05 - 07/2012
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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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