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In this edition:
- Members in Action:2024 & beyond
- Executive Committee
- Trade Policy Committee Update
- 2024 Annual conference
- Events
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- To help you export
- In the News
- IBT OnLine webinars
- In case you missed it
- NADEC Chapters connect
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NADEC 2024 and Beyond
Dear Local DEC Members,
The NADEC had its annual fall meeting on October 5th and 6th in Charleston, SC. A big thank you to the SC DEC for hosting both the NADEC meeting and the Mid Atlantic Regional meeting at the College of Charleston. We would like to thank Assistant Secretary of Commerce Arun Venkataraman for his briefing on Commerce and his continued openness for ideas from DEC members.
The meeting was well attended with DECs from across the country participating in person and remotely.
At both meetings a lot of new initiatives and work has come from great input from all attendees. Below are just a few items that the NADEC will begin working on.
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The NADEC will work with local DECs to push for market access which is not being delivered in the current “Economic Frameworks” that the administration is currently negotiating.
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The NADEC will work with local DECs to advocate for the passing of UNITED Act which will authorize trade promotion authority for the negotiation and passing of a free trade agreement with the United Kingdom.
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The NADEC is currently in negotiations with the United Kingdom on a MOU to help with market access and implementation of a possible free trade agreement.
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The NADEC is looking at ways to create website and social media synergy with local DECs. This could possibly include a method of pushing social media content from NADEC social media channels directly through local DEC social media channels.
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The NADEC is working on creating more legislative outreach synergy coming from our Trade Policy Committee. We are pleased to announce our new Trade Policy Co-Chair, Luke Lindberg, who will be leading this charge.
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The NADEC will begin a project to create a 5-year strategic plan. Once completed, this plan will be shared with all local DECs.
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The NADEC is rolling out our “Building the Trade DNA” initiative and the website is live with new information.
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The NADEC is working on a webpage with resources for doing business in Africa. This may include a restricted access list of people/companies already doing business in Africa that can assist companies.
As you can see the NADEC has a lot of work ahead of us in 2024. As always, please feel free to reach out with any suggestions. We welcome your input!
Jonathan Szucs, NADEC Chair, Mid-Atlantic Representative
General Manager, Advanced Superabrasives, Inc.
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Introducing the Executive Committee
We are pleased to announce the NADEC Executive Committee for 2024.
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Chair Jonathan Szucs
NC DEC
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Vice Chair Anne Burkett
AL DEC
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Secretary Karen Wyman
GS DEC
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Treasurer Michael Salerno
NE DEC
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Communications Chair
Urszula Wojciechowska, MA DEC
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Visit the NADEC TradeDNA page
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 New Foreign Policy Go-to Weapon
of Choice: Export Controls
David Day, Co-Chair, Trade Policy Committee
Whether it is tensions over the Russia-Ukraine War or concerns over the IP theft of high tech processes and chip manufacturing, we have witnessed here in 2023 the emergence of a new economic and trade weapon wielded by the United States—export controls.
Previously, the dominant tactic deployed by the U.S. government to coerce compliance was handled by the Treasury Department in the form of trade sanctions. We have seen these sanctions levelled at North Korea, Iran and Russia in recent times. Sanctions were the go-to response to all foreign policy challenges ever since the George W. Bush and Obama administrations’ pioneering use of secondary sanctions on Iran and North Korea. Those types of sanctions allowed the U.S. to influence not just its adversaries but also third parties that might want to do business with them. Along the way, sanctions have been frequently criticized as an overused, perhaps tired element of U.S. power.
Export controls were traditionally important mainly to providers of defense components that were deemed “dual use,” or valuable for both civilian and military applications. Now, export controls will impact a vast new set of companies. DEC members, and indeed SMEs and MMEs around the country, will need to overhaul their strategies to navigate this new development.
The focus up on the Hill and the White House is now rapidly shifting from sanctions to export controls. Highlighted by the Biden administration’s new executive order establishing a first-of-its-kind set of U.S. outbound investment restrictions, exports controls are fast becoming the marquis foreign policy tool to deter adversaries and punish bad actors.
Like sanctions, export controls may ultimately be seen as an imperfect foreign policy tool. The Russia export restrictions epitomize the highs and lows of this new regime. Putin’s military has been forced to scramble for basic parts, but, similar to sanctions, the impact of the policy has not been nearly as immediate as one would have hoped, and China has stepped in to fill the gap in some cases. Meanwhile, the burdens of complying with the new policy are burdening the private sector.
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Want to stay on top? Be informed? Hear the latest?
Then you have to be there!
Market your company to this select audience of executives involved in international trade. View the options here
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Read the 2023 conference recap here by Susanne T. Stirling, Vice President, International Affairs, CalChamber and NADEC Board member.
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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
Recordings of previous webinars can be found here
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What is it?
X-Culture, is a nonprofit that connects students and businesses in working on exporting projects. Founded in 2013 by Professor Vas Taras, X-Culture has made significant contributions to hundreds of businesses in their global market decisions over the years. Our virtual learning platform has successfully educated over 100,000 university and grade school students across six continents, spanning more than 70 countries and representing over 525 higher learning institutions.
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Go Global, Doing Business with Mexico and Latin America
December 7, 2023
9: 00 am-10:30 am EST
The Mexican economy 2023 growth is 3.2%. Growth industries are private consumption, services, agriculture, tourism, construction and automotive production not to mention a rise in nearshoring. There are Free Trade Agreements signed with most of the countries in Latin America.
Latin America and Caribbean markets will grow this year in “real” terms by 1.6% but in PPP terms, the region will expand by over 6% and per capita consumption, when measured in US Dollars will grow by a whopping 11%. Experienced speakers from Mexico, Colombia, Peru, and Chile will provide the most current and accurate information on how to trade with Mexico and the rest of Latin American countries.
Topics:
- US/Mexico, USMCA trade economy, opportunities, up-to-date information.
- Opportunities in Colombia, Peru and Chile.
- Main industries growth and U.S. company participation in trade shows
Speakers.
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Keenton Chiang, Commercial Counselor, U.S. Embassy Peru
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Lisa Foss, Commercial Officer, U.S. Embassy Chile
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Norcia Ward Marin, Commercial Specialist, U.S. Embassy Colombia
- Diego Gattesco, Director/Trade Americas Team Leader, U.S. Commercial Service Wheeling
- Ryan Russell, Director, U.S. Commercial Service Pittsburgh
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Efren Flores, Pennsylvania Office in Mexico City.
- Jackie Pacheco, Southwestern PA Commission
- Ed Schick, SBA Office of International Trade
- Andrea Hampton, Lehigh University SBDC
- Dough Harding, Duquesne University SBDC
- Brent Rondon, University of Pittsburgh SBDC
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View the Latest Data for U.S. Trade in Goods and Services
Every month, the International Trade Administration's Industry & Analysis unit publishes an infographic on U.S. exports, imports, and other trade-related data released by the Census Bureau and Bureau of Economic Analysis. U.S. goods and services trade deficit fell in August 2023 by 9.9% to $58.3 billion compared to July 2023.
Check out the latest Industry & Analysis Goods & Services trade analysis showing monthly U.S. trade data. New data was released on November 7. 2023.
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Webinar
Freight Waves in Partnership with Uber
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White Paper
Freight Waves in Partnership with Uber
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Industry outlook 2024
Challenges, opportunities and trends to watch in six sectors
The past few years have been turbulent for most companies as the pandemic, soaring commodity prices, high interest rates and political disruption resulted in profits for many and bankruptcy for some. Will conditions stabilise in 2024?
EIU’s annual industry report, published today, provides businesses with foresight of the critical global trends and threats that will affect their sector in the coming year.
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Reducing Costs in the Global Supply Chain: ”Drawback Program for Exporters/Importers”
Companies engaged in global trade can apply for access to the drawback program administered by Customs (CBP).
This program provides a refund on duties and taxes that were previously imported and have now been exported.
Usage of the drawback program is a tool companies can use to reduce operating costs. The program may be used for goods that are unused, rejected, or manufactured.
The drawback program has several key factors that provide leverage to eligible companies.
Thomas Cook, NADEC Board Member, Northeast Representative
President, BlueTiger International
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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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Discover the US Department of Commerce interactive country reports by Industry & Analysis, offering valuable macroeconomic statistics for more than 230+ trading partners on an annual basis. This interactive report can be used to get information on global economies, trade statistics, and foreign direct investment. Gain insights into the health and performance of their economies, explore the magnitude of global trade, and analyze foreign direct investment trends with the United States.
Whether you're a business, student, or public leader, these reports are an essential resource. Download, share, and gain a comprehensive understanding of international markets!
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UK and Florida sign pact to boost trade
The UK and Florida signed the 7th UK-US state level Memorandum of Understanding
to boost trade and investment.
Press Release: Department for Business and Trade and The Rt Hon Kemi Badenoch MP
14 November 2023
Business and Trade Secretary Kemi Badenoch and Florida Governor Ron DeSantis signed a Memorandum of Understanding to encourage trade between the UK and Florida. The agreement will target high-potential sectors such as space and fintech and designed to boost exports and investment between the UK and Florida.
The MoU with Florida, is the latest the UK has signed with a US state, bringing the total to seven, namely: Indiana, North Carolina, South Carolina, Oklahoma, Utah, Washington, and Florida – with a combined GDP of £3.3tn, just under the GDP of Germany. The UK is also actively engaging with further states including Texas, California, Colorado, and Illinois.
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UK: The UK's Accession Into The CPTPP: A Strategic Trade Move
TPM Consultants, November 3, 2023
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is a free trade agreement between eleven countries in the Indo-Pacific region, including Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam, that established a trade bloc in 2018.
In July 2023, the UK signed an Accession Protocol with the CPTPP parties, making it the first new member to join since the establishment of the bloc. This accession into the CPTPP puts the UK in an advantageous position with a dynamic group of countries.
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Export-Import Bank of the United States Recognizes Eight Customers
as Exporters of the Year at 2023 Annual Conference
October 20, 2023
WASHINGTON, DC – The Export-Import Bank of the United States (EXIM) awarded eight EXIM customers representing the diversity of American exports and innovation as its Exporters of the Year at its 2023 Annual Conference.
“The eight exporters recognized this year serve as prime examples of the strength of U.S. business and American exporting,” said EXIM President and Chair Reta Jo Lewis. “EXIM is dedicated to facilitating the exporting success of U.S. small businesses as we work to reshore American jobs and reinforce the domestic supply chain. This year’s recipients show how EXIM financing can make a difference and help us fulfill our mission of supporting American jobs by facilitating U.S. exports.”
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https://info.ibt.onl/international-business-and-technology-blog/online-global-programs-in-videos
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John Koons, Online Marketing Manager, IBT Online
Q: John Koons jk@ibt.onl
We invite you to join us for some of our programs!
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Export Bootcamp: A How-To for DECs Looking for Impactful Programming
Held on August 23, 2023
Louisiana DEC representatives Erin Butler (Acting Southwest Regional Director, U.S. Commercial Service) and Brenda Stelly (President, Oil Center Research International, NADEC Board Member and SouthWest Representative ) held a practical discussion of their successful “Export Bootcamp.”
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This session was intended for DECs interested in replicating this successful model in their own markets. “Export Bootcamp” was a fast-based, 90-minute, virtual export education model that draw on the expertise of DEC members and leveraged relationships with local partners to reach new-to-export companies and beginning exporters.
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Connect with your fellow DEC Chapters! |
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