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| Volume
16 Number 3 |
November
2005 |
Welcome
to the fourth 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.
KWTC
Leads Successful Trade Mission to China
The
Kentucky World Trade Center (KWTC) led a successful trade mission
to Beijing, Shanghai, and Shenyang, China from September 15-24,
2005. In Shanghai, the World Trade Centers Association held its
annual General Assembly, during which delegation members were
able to meet with many business leaders from China and around
the world. CLICK HERE to read more
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Leeds, England Offers Opportunities for Kentucky Companies
Leeds offers Louisville companies access to free office space and administrative
support
The Kentucky World Trade Center (KWTC), in partnership with Greater Louisville
Inc. (GLI), Sister Cities of Louisville (SCL) and the Leeds City Council,
led a group of companies and organizations on a trade mission from Louisville
to the United Kingdom (UK), June 6-11, 2005. The group traveled to Leeds,
a major economic center in the UK, currently working towards a Sister
Cities agreement with Louisville. Leeds Metropolitan University has offered
Louisville companies access to free office space and administrative support
at their business incubator downtown. CLICK HERE to read more
Tamale, Ghana Business Conference:
Building Trade on a Sister Cities
Foundation
By Susan Herlin, Sister Cities of Louisville Tamale Co-Chair
 |
Eight
business people traveled from Louisville’s Sister City in
Tamale, Ghana to
consider how best to do business and promote development in our
two cities. CLICK
HERE to read more |
What the CAFTA-DR Agreement Means for Business
The
Central American - Dominican Republic Free Trade Agreement (CAFTA-DR)
is a comprehensive trade agreement expected to provide reciprocal trade
liberalization among the participating countries. The agreement has
now been formally ratified
by the U.S., El Salvador, Guatemala, the Dominican Republic, Nicaragua
and Honduras, and is expected to be submitted soon to the Congresses of
Costa Rica for final approval. CLICK HERE to read more
Brazil – The
Next Opportunity
By Stephen Zarick, President, VO Group
With everyone talking
about Asia, it seems that we have forgotten about one of the largest
economies in the Americas – Brazil. Brazil will
provide the next big sourcing opportunity for businesses in North America,
as Asia does today. CLICK HERE to read more
Legislation
Provides Opportunity for Tax-Efficient Repatriation of Foreign Earnings
Through 2005
By Aaron Thompson, Senior Manager, Mountjoy & Bressler,
LLP
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The
American Jobs Creation Act of 2004 (the Act), enacted on October
22, 2004, provided a limited window in which U.S. corporations
could elect, for one taxable year, to exclude 85% of certain dividends
from foreign subsidiaries from U.S. taxable income. Typically
a U.S. shareholder pays tax on 100% of dividends received from
controlled foreign corporations (CFCs), although a foreign tax
credit may be allowed based on taxes paid by that CFC in foreign
countries. This 85% exclusion reduces the effective U.S. tax rate
on these dividends from 35% to 5.25%. CLICK
HERE to read more
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Trading Up: Are You Using the Best Trade Financing Solutions the Industry
has to Offer?
By Jackie Kaiko, Senior Vice President, Global Trade Sales, JP Morgan
Chase
As you do more business
across the globe, you’re becoming a sophisticated
consumer of trade finance solutions. When you operate in this complex
environment, are you, your partners and your customers certain that you’re
using all the best tools and processes the industry can offer? And are
you able to tap information and identify best practices that give you
an edge in terms of risk and working capital management? CLICK HERE to read more
"Notify
U.S." Service Offers Review of Proposed Foreign Regulations
http://tsapps.nist.gov/notifyus/data/index/index.cfm
Notify
U.S. is a free, web-based e-mail subscription service that offers
U.S. entities an opportunity to review and comment on proposed foreign
technical regulations that can affect their businesses and their access
to international markets. CLICK HERE to read more
International
Trade News CLICK HERE
President
Bush Issues Changes to GSP and Other Agreements
United States and Oman Conclude Free Trade
Agreement
U.S. –Morocco FTA Effective January
1
Customs Delays Implementation of Wood
Packaging Rules
New Travel Rules Instituted
State Department Expedites Visa Issuance
for Foreign Business Travelers
Most Popular Locations for Low Cost Sourcing
Ranked in Survey
China Drops Dollar-Yuan Peg, Shifts
to Currency Basket
South Korea and Singapore Sign FTA
Japan and Thailand Conclude Free Trade Pact
Vietnam Seeks to Join WTO by 2006
KWTC
Member Benefits:
New Member Discount on PIERS Global Trade Intelligence
Reports
 You
can find and pre-qualify new
customers, new suppliers, and new distribution channels with PIERS
U.S.
Import-Export data. PIERS
maintains a comprehensive database of timely, accurate, import and export
information on the cargoes moving through ports in the U.S., Mexico, Latin
America, and Asia. PIERS collects data from over 25,000 bills of lading
everyday - then translates the raw data into the kind of meaningful intelligence
that companies around the world can use. CLICK
HERE to read more
KWTC Services Spotlight: Value-Added Services
The KWTC offers a full range of Value-Added Services (VAS). The VAS are
more in-depth and customized in nature than our basic corporate member
services, and are tailored to suit the specific needs of your company.
Our
wide array of Value-Added Services include: International Trade Education
Seminars, Customized Consulting Projects, Credit and Background Checks,
Translation Services, Over-the-Phone Interpretation, Trade Missions,
Trade Lead Verification and Qualification, and the Trade Link Service. CLICK
HERE to read more
Calendar of International Trade Events
Discover which international events, seminars and trade missions are taking
place this fall in Kentucky! CLICK HERE for a list of all KWTC events
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 to companies like yours!
Member
News CLICK HERE
Find out how other international companies are succeeding in international
trade!
|
A
UK Patterson School student studying abroad sent us this picture
from
St. Petersburg, Russia and had a slice of home from Papa
John's. |
Frost
Brown Todd forms Alliance with German Firm
Hitachi Automotive Products Builds Japanese Tea
House
Lexmark Announces New CFO
NGAS
Resources Recognized Among America’s 100 Best
Small Companies
Peptides International Named Among 50 Fastest
Growing Private Companies
Stoll
Keenon & Park to Merge with Ogden, Newell & Welch
Toyota Selects Kentucky Plant for Hybrid Car Production
UPS
Opens Hub & Offers Express Service in China
Welcome
New Members!
Corporate:
AAF International
Accuserv Restaurant Equipment
Big Ass Fans
ITDAR Consultants
Khafra Engineering Consultants Inc.
Neogen Corporation
TireBalls
Whip Mix Corporation
Associate:
Kentucky Community & Technical College System
Non-Profit:
Asphalt Institute
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
Translation & Interpretation 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
click
on logo for website
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
JP Morgan Chase
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)
Kentucky
District Export Council
(DEC)
Kentucky Communinty & Technical College System
The KWTC proudly endorses Best Places to Work in Kentucky
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World Trade Center
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