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In this edition:
- Your DEC Chapter
- EXIM Survey
- 2024 Annual conference
- DEC events
- To help you export
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- US Dept. of Commerce events
- IBT On.L news & blog
- In the news
- Resources
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Dear DEC Members,
Happy New Year! I hope everyone was able to enjoy the holidays and enjoy some restful time.
I am writing you to discuss ExIm Bank who is celebrating their 80th anniversary this year. In 2019 all the local DECs assisted ExIm in receiving rechartering/reauthorization.
As we approach 2026, we are asking that all of you participate in the below survey. This information will be used by the EXIM Council on Small Business. Please take this survey and make your voice heard.
I wish you all a prosperous 2024!
Sincerely,
Jonathan Szucs
Chair, National Association of District Export Councils
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IMPORTANT SURVEY ON EXIM BANK FOR ALL DEC MEMBERS!
Earlier this month, Jonathan Szucs, on behalf of the NADEC Board of Directors, sent out an email request to DEC leadership requesting support the 2024 SME Export Community Survey on the U.S. Export-Import Bank.
The survey is on behalf of the ExIm Council on Small Business with the objective to aid agency leadership in the understanding of the bank’s current level of awareness, perception, and satisfaction within the export community.
We encourage all DEC members to take a few minutes to take this short survey (see link below), and to share the link with fellow colleagues and business partners who are involved in exporting. The survey will be open through the end of February, after which a summary analysis will be distributed to all DEC chairs along with a national press release.
ExIm is an important resource for many DEC members, providing key credit risk mitigation and financial support that would otherwise not be available to U. S. exporters.
Recent data for the agency’s two key programing areas for SME exporters, namely:
- credit insurance and
- working capital, reflect a significant decline in usage.
It is anticipated this survey will help management to identify specific areas for review and in developing new opportunities to pursue – all in an effort to significantly increase the agency’s impact of U. S. export success prior to its next congressional reauthorization in 2026.
If you haven’t done so earlier, please take a few minutes to complete this short, ten question survey – your response and input matters!
Bill Williams, ExIm Council on Small Business
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Company to keep!
Market your company to this select audience of executives involved in international trade. View the options here
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Celebrating the 50th Anniversary of the NADEC
Engaging with Our Friends & Neighbours
May 13-14, 2024 in Washington, DC!
The National Association of District Export Councils (NADEC) will present the NADEC 50th Anniversary Export Conference on May 13-14, 2024 at The Mayflower Hotel in Washington, DC.
This signature event will include high-level discussions on the latest trade policy and advocacy issues impacting exporters, including The UNITED (Undertaking Negotiations on Investment and Trade for Economic Dynamism) Act, STEP (State Trade Export Program) Reauthorization, Friendshoring with our trusted allies from the UK, Australia, Canada, and trading with our Neighbors south of the border. We will learn about new developments for trade opportunities with Argentina and our Free Trade Agreement (FTA) partner countries.
Roundtable discussions
Roundtable Discussions will be offered in smaller groups for more in-depth discussions on exporting with specific FTA countries, Industry sector discussions including aerospace, agriculture, & manufacturing, and the impacts of key trade issues related to aluminium & steel tariffs, cyber security, export controls and global logistics.
Supporting our local DECs is a key component of this conference. Discussions on DEC best practices will be led by DECs that have been spotlighted for robust and unique programs in a roundtable format so participants can learn how they might be able to replicate these successful initiatives with their DEC.
We will also learn more about NADEC’s newest initiative: Trade DNA – A Trade Workforce Development Initiative . We would like to see this program implemented across the DECs in support of our export community.
A Special Legislative Training Session will be held on the second morning of the conference in preparation for your meetings with your Congressional Representatives on The Hill that afternoon.
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We want to be sure that we address your primary interests and key concerns regarding exporting. We would also like to recognize those currently serving Congressional Representatives that help facilitate export growth with a special award for their support at this Conference.
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We would like to hear from you!
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Hotel Reservations
NADEC has reserved a limited number of hotel rooms at The Mayflower at a special rate. This special rate is only available until April 19 or until the room block is filled, whichever comes first. The rooms at this hotel sold out last year.
Please make your room reservations today via this link:
https://book.passkey.com/event/50736052/owner/1261/home
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Please share your local DEC events with the NADEC Network!
To submit an event for posting, fill in the form on the NADEC website here
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Grow Your Exports: A Bootcamp for Arkansas Exporters
January 31 - March 6, 2024
3:00 pm - 4:00 pm GMT-0500
Why export? Over 95% of your customers are outside of the United States! Exporting can increase your revenues and profits substantially, as well as increase productivity, spread your risk base, and spark new product ideas.
If you're ready to take your business to the next level, join us for this 6 week interactive online course where we provide information that will allow you to ramp up your international sales success.
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Managing Risk and Cost in the Global Supply Chain: Focus on Foreign Trade Zones
February 28, 2024
10:00 – 1:00 pm (Doors open 9:30)
San Bernardino International Airport, 195 N Leland Norton Way, San Bernardino, CA
Managing Risk and Cost in the Global Supply Chain: Focus on Foreign Trade Zones
Join this information-packed seminar on all the issues and challenges persisting
post-pandemic and learn solutions and options to mitigate risk and cost, including
Foreign Trade Zones.
Enjoy networking with the speakers, panelists, and industry peers over breaks and lunch. Seminar is free but registration is required.
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Export resources to help you succeed globally - Export-U.com
Export‐U delivers the training you need to make profitable export sales. Our webinars show you how to find the best export markets for your goods and how to sell into them. And now, our all new Exporter’s Resource Database offers a wealth of trade information to help you succeed at exporting.
This is a free training website operated by the Georgia District Export Council and
the U.S. Export Assistance Center in Atlanta.
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Trade DNA seeks to encourage students from Middle School through University to consider a career in global trade. Career paths can easily be combined with other academic paths from business to biology while supporting a trajectory of going global and improving the world through business.
See the new “Trade DNA” page on the NADEC website and join our initiative to encourage the next generation towards the most exciting career path ever!
What is your story? How did you become interested in the global marketplace? Let us know by emailing me: TradeDNA@usaexporter.org and placing “My Trade DNA Story” in the subject line.
Jim Anderson, NADEC Board Member
SouthWest Representative, Owner, ETCetera International, Inc
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The 2024 SelectUSA Investment Summit
June 23-26, 2024
National Harbor, Maryland
The SelectUSA Investment Summit is the premier event in the United States for FDI promotion.
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https://info.ibt.onl/international-business-and-technology-blog/online-global-programs-in-videos
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IBT ONLINE continues Empowering American Businesses to go Global with official signing of US CS ITA Strategic Partnership
IBT On LIne, Posted by Susanna Hardy, November 30, 2023
International Trade Administration LogoIBT Online is thrilled to announce a significant milestone in our continued journey empowering American companies to grow their exports, sales, brands, and businesses internationally. Tuesday, November 21st, 2023, marked the official signing of our Strategic Partnership with the US Commercial Services International Trade Administration (US CS ITA). This collaboration represents a further pivotal step in our commitment to helping America’s exporters as they expand their global reach and thrive in international markets.
The Strategic Partnership with US CS ITA opens up new avenues for American businesses to access global opportunities with confidence.
Through this alliance, IBT Online will continue to leverage cutting-edge online technologies and innovative global business development opportunities, to roll out expanded Online Global programs, including ecommerce and online marketing, tailored to the unique needs of American exporters. Our focus is on providing America’s exporters with the Online Global programs and services essential for success in the dynamic landscape of international trade.
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Blog post
Elevate your export strategy with online global video marketing programs
In today's digital landscape, video marketing has become an essential tool for American exporters looking to succeed internationally. IBT Online's comprehensive video marketing programs provide exporters with the expertise and resources to create compelling video content, engage their international audience, and drive conversions around the world.
Unlock global markets with the power of video marketing!
Companies seeking international expansion are best placed to utilize video marketing as it provides a visually compelling and engaging way to showcase your products/ services. It humanizes your brand, fostering trust and connection. In the diverse landscape of international markets, videos speak a universal language, making your message resonate across cultures. Harness the potential of this dynamic tool to reach new audiences, amplify brand awareness, and elevate your global presence.
Don't miss out on the immense potential of video marketing – click on the blog below to elevate your brand today!
https://info.ibt.onl/international-business-and-technology-blog/elevate-your-export-strategy-with-online-global-video-marketing-programs
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on NADEC website.
We invite you to join us for some
of our programs!
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John Koons, Online Marketing Manager
IBT Online
Q: John Koons jk@ibt.onl
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U.S. Commerce Department Announces $200 Billion Milestone in Foreign Direct Investment
Last week, the U.S. Department of Commerce announced that it has achieved a new milestone of facilitating more than $200 billion in client-verified foreign direct investment (FDI), supporting more than 200,000 jobs throughout the United States and its territories since the SelectUSA program, housed within the Department’s International Trade Administration, was established in 2011.
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Saving the Panama Canal will take years and cost billions, if it’s even possible
AJOT, Peter Millard and Michael D McDonald, January 3, 2024
The vestiges of an ancient forest tell the story of just how bad things are at the drought-stricken Panama Canal.
With water levels languishing at six feet (1.8 meters) below normal, the canal authority capped the number of vessels that can cross. The limits imposed late last year were the strictest since 1989, when the conduit was shut as the US invaded Panama to extract its de facto ruler, Manuel Noriega. Some shippers are paying millions of dollars to jump the growing queue, while others are taking longer, costlier routes around Africa or South America.
The constraints have since eased slightly due to a rainier-than-expected November, but at 24 ships a day, the maximum is still well below the pre-drought daily capacity of about 38. As the dry season takes hold, the bottleneck is poised to worsen again.
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A roundup of free trade deals the UK signed in 2023
City A.M., Jessica Frank-Keyes, December 21, 2023
In July 2023, the UK signed an agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Since the UK exited the European Union in 2020, a major focus of government policy has been negotiating new trade agreements with nations across the globe.
Speaking at the global investment summit last month, business and trade secretary Kemi Badenoch said she wanted the UK to be seen as a “dynamo for investment, free trade and growth”.
While work is still underway on securing deals with the USA and India, among others, there have been some successes this year, from the Australia and New Zealand deals taking effect, to the UK signing up to the CPTPP agreement.
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Global Trade: 5 Emerging Dynamics Will Shape The Next Decade
The world trade map is being redrawn as global growth slows and regional links deepen, according to a new BCG report.
BF/ Boston Consulting Group, January 10, 2024
As the global economy adjusts to persistent economic and geopolitical pressures and disruptions, the familiar routes that defined the world trade map are being redrawn and regional trade lanes are playing a greater role in world trade, according to a new analysis by Boston Consulting Group (BCG).
“This is a not a blip. These changes in trade patterns are reshaping the global economy. Companies need to be thoughtful and decisive, or risk being caught out by fast-moving factors outside of their control.”
— Michael McAdoo, BCG
The changing trade picture shows that overall global trade is growing at a slower rate than the world economy, a fundamental shift away from the trend of trade-led globalism that the world enjoyed in most of the years since the end of the Cold War. World trade in goods is forecast to grow at 2.8% per year, on average, through 2032, compared with an estimated 3.1% growth rate for global GDP in the same period, according to the report.
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UK Trade Tariff: look up commodity codes, duty
and VAT rates
Use this service to find a commodity code for goods you’re importing
to or exporting from the UK.
You can also use the service to:
- check if there’s duty or VAT to pay
- find out about suspensions or reductions
- You’ll need a commodity code when you fill in a customs declaration form, so you pay the correct amount of tax and duties.
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Travel Tips for Long Flights. Here’s What You Need to Know
Time, Mallory Moench, December 21, 2023
From what you should wear to how you can make an economy seat more comfortable, here are travel tips to get you through your next long flight.
How do I prepare my body for flying?
Jeff Kahn, CEO of the sleep tracker app Rise Science, told Condé Nast Traveler that the best way to ensure you travel and sleep well is to start a trip with “low sleep debt.” A few days ahead of a long-haul trip, you could also begin gradually adjusting your sleep times so that you’re more in-sync with the time zone of your destination.
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