1 / 20

U.S. Commercial Service U.S. Department of Commerce

U.S. Commercial Service U.S. Department of Commerce. US Exports to South Korea Grand Rapids Export Assistance Center. U.S. Commercial Service. Our mission:

denis
Télécharger la présentation

U.S. Commercial Service U.S. Department of Commerce

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. U.S. Commercial ServiceU.S. Department of Commerce US Exports to South Korea Grand Rapids Export Assistance Center

  2. U.S. Commercial Service Our mission: The U.S. Commercial Service promotes and protects U.S. commercial interests abroad and delivers customized solutions to ensure that U.S. businesses compete and win in the global marketplace. Operates a seamless worldwide network of offices in 109 U.S. cities and at U.S. embassies and consulates in 80 countries. The U.S. Commercial Service is part of the U.S. Department of Commerce, an agency of the United States government.

  3. Exports mean jobs. About one of every five factory jobs in America–depends on exports. During the past 25 years, U.S. exports increased five-fold from $224 billion to more than $1.4 trillion in 2006. Exports mean new customers. More than 70 percent of the world’s purchasing power and 90% of the world’s population live outside of the United States. Why Export?

  4. Our Network & What It Can Do For You We can... • Locate international buyers, distributors & agents • Provide help at every stage of the export process • Help you to enter new markets faster

  5. Why Korea? The 13th largest economy in the world and is an outstanding trading partner for the United States.

  6. Michigan Top Export Countries - 2007 • Canada 25,631,000,000 • Mexico 5,206,000,000 • China 1,313,000,000 • Japan 1,308,000,000 • Germany 1,267,000,000 • United Kingdom 743,000 • Venezuela 693,000 • France 679,000 • South Korea 627,000 • Saudi Arabia 545,000 Total Worldwide = $44,371,000,000 Provided by the Office of Trade and Industry Information, Manufacturing and Services, International Trade Administration, U.S. Department of Commerce

  7. NAICS Total All Merchandise   Exports from Michigan to South Korea in thousands ($ USD) • Transportation Eq. • Chemical Manufactures • Machinery Manufactures • Primary Metal Manufactures • Processed Foods • Non-Metallic Mineral Mfgs • Computers & Electronic Prod • Fabricated Metal Products • Elec. Eq., Appliances & Parts • Furniture & Related Products

  8. Leading Sectors for Exports to South Korea Engineering Services Medical Equipment & Devices Pollution Control Equipment Security Services and Products Specialty Chemicals Travel and Tourism Wireless Broadband Equip. Automotive Parts and Accessories CNC Machine Tools Computer Software Cosmetics Defense Industry Equipment Drugs and Pharmaceuticals Education and Training Services

  9. Getting Started • Ask Tough Questions • Do Your Homework • Use Resources

  10. Commercial Service Can Provide Companies • Export Counseling • Gold Key Service • International Market Research • Training Programs

  11. Market Research Library • Country Commercial Guides • Industry Overviews • Market Updates • Multilateral Dev. Bank Reports

  12. Market Research

  13. Market Research

  14. Free Trade Agreements • Current Agreements: Israel, Jordan, Chile, Singapore, Australia, Morocco, Bahrain, CAFTA and NAFTA • Pending Congressional Approval: Peru, Panama, Republic of Korea, and Colombia • Pending Implementation: Oman • Other Negotiations: Malaysia, Thailand, SACU, UAE

  15. FTA Facts • Last year set a record with $1.4 trillion in total U.S. exports • Countries with which we have FTAs make up 7.5% of the world, but 42% of exports • The Korean FTA would eliminate 95% of tariffs on consumer & industrial goods within 3 years

  16. FAQ’s • What is the first step in exporting? • Do I need a license to export? • Payment terms? • Qualifications to be a representative? • Travel vs. internet; why travel? • Documentation?

  17. Our Clients “MDEC-West and GREAC have been useful getting us information on international markets, right down to the products being sold, important suppliers, and equipment sold in each country by brand.” American Litho/Konica Minolta Grand Rapids, MI Burke Porter is the undisputed leader of automotive testing equipment in South Korea. Market share has reached the 90th percentile in several categories. Burke Porter, Grand Rapids, MI “We attribute the growth in our international business to the products we build in North America. The international market is opening up and we see a lot of potential to grow” Armstrong International, Three Rivers, MI

  18. How to Contact Us Thomas Maguire, Office Director Kendra Kuo, International Trade Specialist 401 W. Fulton, Suite 349-C Grand Rapids, MI 49504 Tel: 616-458-3564 Fax: 616-458-3872 Email: kendra.kuo@mail.doc.gov www.export.gov/cs www.exportwestmichigan.com

More Related