MITC Trade Bulletin

The Maine International Trade Center's Electronic News Service

Tuesday, July 17, 2007

MITC Member Status: FY08 Member

Sponsored by:

Pierce Atwood Logo

Upcoming Programs:

2007 Gubernatorial Trade Mission To South Korea and Japan   MITC is coordinating a gubernatorial trade mission to South Korea and Japan from Oct. 27-Nov. 3 to offer Maine businesses the opportunity to establish contacts in Asia and expand trade to both country’s growing economies.  MITC will provide one-on-one business appointments, in-country market research, visit preparation, market briefings and networking events as part of the trade mission. Click here for more information.

MEDICA 2007 - November 14-17, 2007, DUSSELDORF, GERMANY In support of Maine companies interested in MEDICA 2007 - the world’s largest and most prestigious international medical trade fair – the Maine International Trade Center (MITC) will participate in a trade mission to MEDICA November 14 – 17, 2007 in Dusseldorf, Germany. Click here for more information. *REGISTRATION FOR THIS EVENT IS NOW FULL*

TRADE ALERTS

Russian Tariff Policy Update - On February 5, 2007, the Russian Government published Resolution No. 75, which went into effect on July 1, 2007, and increases the export tariff to 20 percent on coniferous logs. After April 1, 2008, and January 1, 2009, the export tariff will increase to 25 and 80 percent, respectively.  <http://www.fas.usda.gov/scripts/gd.asp?ID=146291639>

New Duties for Imported Apples from Non-NFE Companies - On July 3, 2007, the Secretariat of Economy (SE) published a resolution regarding the anti-dumping duties on Red and Golden Delicious apples. This resolution effectively nullified the August 12, 2002 resolution, which imposed a duty of 46.58 percent on imported Red and Golden Delicious apples from all but two U.S. companies that are not members of the Northwest Fruit Exporters (NFE). Thus, as of July 4, 2007, non-NFE companies are no longer subject to a compensatory duty when exporting Red and Golden Delicious apples to Mexico. <http://www.fas.usda.gov/scripts/gd.asp?ID=146291648>

 

Updated regulations for exports to China – The Bureau of Industry and Security (BIS) of the Commerce Department has released updated regulations regarding exports to China.  Please review the rules and procedures on their website: http://www.bis.doc.gov/usChinaExportRule.htm

S. Korea expected to hold new U.S. beef import talks in August - South Korea may kick off new talks aimed at possible easing of current U.S. beef import standards next month, a government official said Monday.  http://english.yna.co.kr/Engnews/20070709/440100000020070709143506E7.html

 

Dollar keeps falling against euro

The euro has risen to new highs against the dollar, near the $1.38 mark, amid lingering worries about the US economy.  http://news.bbc.co.uk/2/hi/business/6291090.stm

TRADE NEWS

Commerce preliminarily finds dumping of coated free sheet of paper- The Commerce Department preliminarily determined that producers and exporters of glossy paper from China, Indonesia, and South Korea have sold their products in the U.S. market at less than fair value.  http://trade.gov/press/publications/newsletters/ita_0607/paper_0607.asp

Chinese Vice Premier discusses Free Trade Act with Singapore- Chinese Vice-Premier Wu Yi and her counterpart focused Wednesday on a free-trade agreement (FTA) aimed at deepening cooperation between the two countries. http://www.earthtimes.org/articles/show/81512.html

Tougher saftey rules are prepared for imports- Responding to the outcry over dangerous imports from China and other unsafe products, the head of the Consumer Product Safety Commission is preparing regulatory proposals that could mandate broader inspections of imports and stiffer penalties for ignoring safety rules.  Read Full Article Here

TRADE MISSIONS AND SEMINARS

2007 Gubernatorial Trade Mission To South Korea and Japan - MITC is coordinating a gubernatorial trade mission to South Korea and Japan from Oct. 27-Nov. 3 to offer Maine businesses the opportunity to establish contacts in Asia and expand trade to both country’s growing economies.  MITC will provide one-on-one business appointments, in-country market research, visit preparation, market briefings and networking events as part of the trade mission. Click here for more information.

MEDICA 2007 - November 14-17, 2007, DUSSELDORF, GERMANY - In support of Maine companies interested in MEDICA 2007 - the world’s largest and most prestigious international medical trade fair – the Maine International Trade Center (MITC) will participate in a trade mission to MEDICANovember 14 – 17, 2007 in Dusseldorf, Germany. Click here for more information.

Asia Luxury Travel Market, July 18, 2007 - A bespoke business experience... the event where luxury suppliers meet the finest trade buyers from the Asia Pacific. Asia Luxury Travel Market has been established to provide a unique platform for buyers and exhibitors of luxury travel to meet in the Asia Pacific region.  http://www.altm.com.cn/App/homepage.cfm?moduleid=3803&appname=100529

 

Virtual Trade Missions-USCS

The Virtual Matchmaker Program offers the busy executive a cost-effective way to explore an overseas market and meet international business prospects and market experts.  Virtual Matchmakers are industry specific and allow companies the opportunity to get answers to their market questions in an interactive, two-hour video conference.  FMI:

http://www.export.gov/salesandmarketing/virtual_trade_mission.asp

CE MARK FOR MEDICAL PROFESSIONS – SEPTEMBER 25, 2007, 9:00 – 12:00, PORTSMOUTH, NH.  Please contact Paula Newton at New Hampshire International Trade Center at pNewton@dred.state.nh.us for more information.

 

CE MARK PROGRAM –  OCTOBER 4, 2007, MONTPELIER, VT.  Full day program.  Please contact Ariana Monti at Vermont Global Trade Partnership at Ariana.Monti@state.vt.us for more information

Business Development Mission to Saudi Arabia, November 1-7, 2007

The U.S.–Saudi Arabian Business Council (USSABC) and the Eastern Trade Council (ETC) will lead a delegation of Northeast businesses on a Business Development Mission to Saudi Arabia.  For further information, please contact Mona Helmy at (202) 879-4377 or via e-mail: mhelmy@us-sabc.org

Finding Trade Shows- http://www.eventseye.com/ Events Eye provides an extensive list of upcoming trade shows throughout a broad range of industries and countries.

USEFUL WEBSITES: Do's and Taboos in China

China: Language, Customs, and Etiquette: http://www.kwintessential.co.uk/resources/global-etiquette/china-country-profile.html

 

One-Stop Chinese Culture: http://chineseculture.about.com/bl_index.htm

Intercultural Consulting: www.foxintercultural.com

USEFUL RESOURCES

There are 450 million people in Latin America, and that's an economic bloc that no company can afford to ignore. LatinSectors.Net has essential information about the 19 countries that make up Latin America. Here you'll find economic and market research on 20 industrial sectors and 45 subsectors of the region, as well as reports on more than 500 of its top companies. Scroll down the index and you'll see dozens of topics, from Agriculture to Water. Click on a topic and you'll find links to free reports you can download. There are also links to other useful sites about the region.

ADDITIONAL INFORMATION

Fall Internship Application Deadline Extended: The application deadline for MITC’s fall internships (September 1 – December 31st) has been extended to July 30th. These part-time, paid positions offer undergraduate and graduate level students practical experience researching international markets and providing technical assistance to Maine companies. For more information please visit: http://www.mitc.com/Internships.html or contact Anne Hurst at hurst@mitc.com.

International Trade Education Series Intern Sought: In addition to internships in Trade Assistance, MITC is currently seeking an intern to assist with its International Trade Education Series. Applicants with an interest in international business and experience/schooling in marketing, design and event management are preferred. Please submit a standard MITC Internship Application Package Attention: Amanda Pike (MITC Program Manager) to the MITC Portland office no later than August 15th.  Please contact Amanda at pike@mitc.com or (207)-541-7455 with any questions regarding this opportunity.

As a reminder, MITC membership includes unlimited trade assistance.

We look forward to answering your questions and providing you with market research and statistics. For more information, please contact Trade Assistance Manager Anne Hurst at hurst@mitc.com or 541-7418.

For more information about the Maine International Trade Center,

please visit our website or contact us today.

Website: www.mitc.com

Bangor Office: 207-990-3161

Lewiston Office: 207-753-0574

Portland Office: 207-541-7400

Maine International Trade Center 511 Congress Street, Portland, ME 04101

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