Volume 16 Number 2	May 2005

Welcome to the third edition of the Kentucky World Trade Center’s newsletter, TradeView, in its new electronic format! Please feel free to contact TradeView Editor and Senior Trade Specialist Susan Cook with any comments or suggestions at susan.cook@louisvilleky.gov

We would like to thank webRight for putting TradeView online. webRight is a Search Engine Marketing and Optimization company in Louisville, Kentucky offering full service web site management without the ad agency markups.

What’s Happening at the KWTC

You are Invited to World Trade Day 2005!

World Trade Day 2005
June 2, 2005, 8:30 a.m. – 3:00 p.m.
Galt House Hotel, Louisville, KY

You are invited to attend Kentucky's 13th Annual World Trade Day Awards Luncheon and International Trade Fair, the largest gathering of international trade and business professionals in the state! Meet with country trade representatives from around the world, learn how others are succeeding in international trade, and network with over 400 Kentucky business people representing the state's international manufacturing and service firms. This year’s event will also include a morning program covering economic prospects in China, India and Latin America.

Click Here for World Trade Day Flyer & Program

Click Here for World Trade Day Registration Form

Click Here for Exhibitor Registration Form

Meet with country trade representatives from foreign consulates and embassies in the U.S. at the ‘Tour the World’ Trade Fair! You may walk through the trade fair to speak with all country officials, or you may register for a private meeting using the form below.

Click Here for List of Attending Country Representatives

Click Here for Country Meetings Sign Up Form

For more information, please contact the KWTC Lexington office at 859-258-3139 or admin@kwtc.org.

Governor Launches ‘Export Kentucky’ Initiative

Governor Ernie Fletcher and His Excellency Andrés Bianchi, Ambassador of the Republic of Chile, along with officials from the U.S. Chamber of Commerce, announced that Kentucky has been selected as one of eight states to receive a grant from the U.S. Chamber of Commerce's TradeRoots program, the nation's leading trade education program dedicated to raising public awareness of international trade on a local level. Kentucky’s trade education effort, made possible by the grant, has been named the ‘Export Kentucky’ Initiative. CLICK HERE to read more.

To highlight trade opportunities under the U.S. – Chile Free Trade Agreement,
the Ambassador of Chile to the U.S. joins Governor Fletcher in kicking off the Export Kentucky Initiative.

My Customer Wants to Pay Me in a Foreign Currency…Now What?
By Mark Klein, International Banking Officer, Fifth Third Bank

There are some real benefits to receiving payments in foreign currencies, whether the dollar is weak or strong in world markets. Consider allowing your customer to pay you in their local currency and incorporating this into your pricing strategy. CLICK HERE to read more.

China’s New Trading & Distribution Rules
By Stephen J. Petras, Jr. & Sangita S. Patel, Baker & Hostetler LLP

Last year, China promulgated two new laws that promise to change the retail and wholesale industry. Both measures represent not only the implementation of China’s existing WTO commitments, but also reflect a significant and symbolic step towards granting full market access to foreign-invested enterprises. CLICK HERE to read more.

Shippers Experience Cargo Delays & Rate Increases
By Steven S. Klinger, Director of Operations, Cargo Services, Inc.

The U.S. dollar continues to be weak against several currencies, including the Euro. This is good news for exporters, but has also led to full ships outbound to North Europe, the Mediterranean, and Australia. Rates are market-driven, and thus in the past the lines claim that export rates have operated at below-cost levels. Now that ships are full and space is at a premium, the lines feel they are in a position of strength, and can demand rate increases. Brace yourself, rates are going up! CLICK HERE to read more.

Commerce Offers Tools to Help Companies Locate Overseas Buyers
The U.S. Department of Commerce offers exporters three unique tools to help locate buyers in foreign countries: the Buy USA.com website, the Export Yellow Pages publication and website, and the Commercial News USA publication. CLICK HERE to read more.

International Trade News CLICK HERE

New Rules Take Effect Worldwide Requiring Treatment of Wood Packaging Materials
Additional Customs Duties to be Imposed on U.S. Products Entering the EU
U.S. Considers Emergency Curbs on Chinese Imports
U.S. Begins Free Trade Negotiations with United Arab Emirates
Port of Dubai & Port of Shanghai Become CSI Operational
Romania, Bulgaria Move Closer to EU Membership
Russia Hopes to Join WTO by End of 2005
ASEAN – Australia – New Zealand Begin FTA Talks
Australia-Malaysia Begin FTA Talks

KWTC Services Spotlight: WTCA Online
By simply requesting a User ID and Password, KWTC members have access to a wide range of trade tools available on the World Trade Centers Association (WTCA) website (www.wtca.org). The WTCA in New York administers nearly 300 World Trade Centers in close to 100 countries around the world.

The site includes access to a trade opportunities bulletin board where members can display and search offers to buy and sell; an online product catalogue to promote products and services worldwide; a trade flow pricing service allowing companies to quickly view the unit pricing of U.S. exports and imports by HS code; customized industry news; links to international trade related sites and resources; and links to our network of nearly 300 World Trade Center offices around the world. CLICK HERE for more details.

Calendar of International Trade Events CLICK HERE
Discover which international events, seminars and trade missions are taking place this fall in Kentucky!

KWTC Online Business Referral Directory CLICK HERE
Does your company need help with international shipping, payment, taxes, contracts, insurance or even warehousing? The KWTC’s online Business Referral Directory puts you in touch with local companies who provide international business services for companies like yours!

Member News CLICK HERE
Find out how other international companies are succeeding in international trade!

Accuride Corporation Signs Agreement to Acquire TTI
Alltech Plans New Manufacturing Plants
"Best Places to Work in Kentucky" Recognizes 5 KWTC Member Companies
Thomas Industries Opens New Production Facility in China

Gardner Denver to Buy Thomas Industries
Lexmark CEO Honored as One of America's Best Leaders
UPS Opens Distribution Centers as Part of China Growth Plans
New UPS Facility will Bring over 700 Jobs to Kentucky

If your company has news to share, we would love to hear from you. Send your member news to susan.cook@louisvilleky.gov

Welcome New Members!

Patron Members:
Stoll, Keenon & Park LLP

Corporate Members:
Blue Diamond Industries
Blue Moon Artworks
CR Toys LLC
Cargo Services
Cunningham Golf Car Inc.
Griffin & Co. Inc.
Gamma Tech LLC
Hoppexim
KY Society of Certified Public Accountants
Pro-Liquitech
Scott Industries

About the KWTC
The Kentucky World Trade Center (www.kwtc.org) is a non-profit membership organization helping Kentucky companies import, export and establish overseas operations. With offices in Lexington and Louisville, the KWTC offers counseling, market research services, translation assistance, trade education seminars, international events and programs, cross-cultural training, trade missions, and referrals to local international service providers.

The Kentucky World Trade Center is affiliated with the World Trade Centers Association in New York (www.wtca.org), which administers nearly 300 World Trade Centers in close to 100 countries.

Learn More about the KWTC’s Programs & Services

KWTC Research Services

KWTC International Trade Education Seminars

KWTC Business Referral Service Program

WTCA Online

A World of Thanks to our Supporting Partners!

A World of Thanks to our Patron Members!

Sustaining

Global Patron Members
Frost Brown Todd LLC
Greenebaum, Doll & McDonald PLLC
Kentucky Cabinet for Economic Development

Multi-National Patron Members
Fifth Third Bank
National City Bank of Kentucky
Toyota Motor Manufacturing

Continental Patron Members
Accumetric, Inc.
Carrier Vibrating Equipment, Inc.
D.D.Williamson & Co. Inc.
ELAN Home Systems, LLC
Ernst & Young LLP
LaSalle Bank
LG&E Energy LLC
Mountjoy & Bressler, LLP
Papa John’s International, Inc.
Steel Technologies
Stites and Harbison
Stoll, Keenon & Park LLP
Sud-Chemie, Inc.
U.S. Bank

Associate Patron Members
Associated Industries of Kentucky
Greater Louisville Inc. (GLI)
DEC (District Export Council)

The KWTC proudly endorses Best Places to Work in Kentucky

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