KWTC News :
Training covers Chinese, Japanese cultures
From left: Speakers Matt Krebs and Ying Juan Rogers;
Elaine Hangis,
Kay Wright, and Christel Blackburn of LBAR. The Lexington-Bluegrass Association of Realtors (LBAR), in partnership with the Kentucky World Trade Center (KWTC), recently hosted a cross-cultural training on the cultures of China and Japan. The speakers were Matt Krebs, Executive Director of the Japan/America Society of Kentucky, and Ying Juan Rogers, Vice President of the KWTC. Participants learned about Japanese and Chinese business and cultural practices, as well as what members of those cultures value when looking for a new home.
The training was part of a series on various international cultures, presented quarterly at LBAR.
International Trade News :
Looking ahead to manufacturing's future
A few years ago I co-authored a book taking a look at the next 200 years of human history. Despite the dangers of forecasting, it is useful from time to time to look ahead, if only 10 or 20 years. Manufacturing is after all a business that requires making large bets on future trends.
In short, I think demographic, economic and political trends will continue in coming decades to provide a favorable outlook for U.S.-based manufacturing. The growth of the world population sets the stage for continued economic expansion. The United Nations predicts that world population will grow by 28% by 2030 and a total of 40% by 2050, when it reaches nearly 9.2 billion.. More...
Export ABC's: Documentation control
The March and April columns covered document-driven payment terms. Transportation documents are commonly used to trigger payments as they are evidence of shipment. Depending on the transportation mode, they are typically prepared by forwarders or carriers, but in all cases are executed by carriers.
“Forwarders and carriers” presupposes a situation that doesn't always exist. When I started exporting, forwarders were companies that represented shippers, making transportation arrangements on their behalf with carriers. They looked after shipper interests -- even versus carriers when necessary. Today, forwarders and carriers are often divisions of the same organization. More...
Pakistan raises import tariffs on luxury items
Pakistan’s Daily Times newspaper reported last week that the Federal Board of Revenue has imposed regulatory duties of five to 50 percent on imports of nearly 400 “non-essential and luxury items.” Goods affected include “luxury vehicles with an engine capacity of 1800cc and above, fresh fruit and vegetables, consumer electronics, cosmetics, non-industrial machines and non-prohibited arms and ammunition,” the article said. More...
Jump in exports cuts U.S. trade gap
The US trade deficit narrowed unexpectedly in June by 4.1 per cent to $56.8bn (€38.1bn, £29.9bn), as exports grew more than twice as fast as imports in spite of surging oil prices.
Economists said the data would lead to an upward revision of US economic growth in the second quarter, from the 1.9 per cent annualised rate reported last month. More...
Special entry requirements for softwood lumber
U.S. Customs and Border Protection has issued an interim rule setting forth the procedural and documentation requirements necessary to implement the entry requirements specified in the Softwood Lumber Act of 2008. This law requires the establishment of an importer declaration program for certain softwood lumber and softwood lumber products imported from any country. It also prescribes special entry requirements whereby importers must submit with the entry summary (a) the export price and estimated export charge (if any) for each line of covered products and (b) the importer declaration. There are also new recordkeeping requirements applicable to certain imports of softwood lumber home packages and kits. More...
Legislative update: Product safety moves, trade preferences await
Congress adjourned for its summer recess Aug. 1, but not before acting on a long-awaited product safety bill and setting the stage for a trade preference bill to possibly move later this year. With the timeframe for legislative action down to a matter of weeks (lawmakers return Sept. 8 and adjourn Sept. 26, and it is unclear whether they will hold a “lame duck” session following the November elections), following is an update on the more significant trade-related bills still pending in Congress. More...
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Webinar:
East/Central Europe Regional Market Overview
Tuesday, September 9, 2008
9:00am-9:45am
location: Your computer
Speaker:
Mr. Greg O'Connor
Senior Commercial Officer, U.S. Commercial Service / Prague.
Mr. O'Connor will provide a snapshot of doing business in the east/central region of Europe.
Cost: $35
To register, click HERE.
Presented by
the
Kentucky World Trade Center and the U.S. Commercial Service
India Business Seminar
"Doing Business with India"
Opportunities and Trends
Monday, September 22, 2008
8:30am-3:00pm
Commerce Lexington Boardroom
$69 per person
To register, contact liz.doss@uky.edu
Presented by
the UK Gatton College of Business and Economics
Co-sponsored by
the Kentucky World Trade Center
Kentucky Chamber of Commerce
Commerce Lexington
Click here to view agenda
Inside Trade Finance
Tools and techniques for successfully expanding global business
Thursday, October 23, 2008
8:00am-5:00pm
National City Bank
101 South Fifth Street, 37th floor
Louisville, KY 40202
Presented by National City Bank
Sponsored by
the Kentucky World Trade Center and Thunderbird Trade
Assistance Service
Click here to view flyer
Check out our Calendar of Events!
Anne Koontz is the first recipient of Alltech's new "Margin of Excellence" Fellowship "designed to implement young minds to solve business problems through education," according to Alltech spokesman Billy Frey. The company hopes the program will serve as a model for other central Kentucky businesses that recognize the need to develop and sustain an educated and highly skilled workforce in the region.
Click here to read more
ELAN Home Systems featured in Herald-Leader
Elan Home Systems designs and sells a wide range of user interfaces, or touch panels, used to control home systems. The company, which started out under a slightly different name as a division of Square D Co., was acquired from Square D by Farinelli, Paul Starkey, Ken Salyer and other investors in the 1990s. Elan Home Systems currently has sales of about $55 million a year.
Click here to read full article
In Every Language is proud to announce that Madalena Sánchez, the company’s Interpreting Coordinator, has an article published in this month’s MultiLingual, an international trade magazine for the localization and translation industry with more than 15,000 readers in 60 countries. “Latino Buying Power Affects Labels at the Supermarket” discusses the growing use of Spanish words in American marketing, citing examples taken from grocery stores right here in Kentucky.
Read an excerpt of the article here
New member announcement!
Sutherland & Associates, out of Lexington, specializes in consulting businesses in a variety of areas.
Click here for more information
Trade opportunity:
A company in Pescara, Italy is interested either in a joint venture in a foreign country or in international trade relationships.
The company operates in the metal industry and in the field of gas turbine power plans, incinerators and heavy carpentries. Among their main activities are:
- construction of pressure vessels of any size, of piping, caldarery;
- construction of low-pressure separators (operating pressure 100 bars),
- construction of eccentric hoper for power plant exhaust duct, pressure vessel cooling coil, piping for high pressure satured steam;
- construction of carbon steel piping for chemical plant, high pressure piping, cryogenic vessels, pressure vessels for petroleum refinery;
- construction of organic fodder generating plants, addition agent generating chemical plant, etc.
For more information, please contact:
Ms. Ilaria Di Mascio
WTC Pescara-Chieti
+39 348 9543946
info@wtcpescara.com
Other trade leads:
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