The Maine International Trade Center's Electronic News Service Monday, September 24, 2007 |
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| MITC Member Status: FY08 Member | |
Sponsored by: |
Upcoming Programs: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. Only one spot left! Call today! Thursday, September 27, 2007 ~ 9:00 am - 3:00 pm Auburn Public Library, Auburn NOW FREE OF CHARGE TO ALL PARTICIPANTS! Join two regional experts to discuss the recent growth, possible barriers and impediments to trade, and growing market potential in Central and Eastern Europe Thursday, October 25, 2007 ~ 1:00 pm - 4:00 pm MITC Office, Portland |
| TRADE ALERTS | |
Dollar Falls to New Low Against the Euro - Investors dumped dollars yesterday, sending the euro to a record high and putting the American currency at par with the Canadian dollar for the first time in more than 30 years. Read Full Article Here U.S. Economy: Expansion Was Faster Than Estimated - Surging exports and business spending propelled U.S. growth to the fastest pace in more than a year before turmoil in the credit markets forced the Federal Reserve to warn of a bleaker outlook. Gross domestic product rose at a 4 percent annual rate in the second quarter, the Commerce Department said in Washington, up from an initial estimate of 3.4 percent. The median forecast of economists polled by Bloomberg News was 4.1 percent. Read Full Article Here Vietnam cuts import duties to curb inflation - Vietnam will reduce import duties on steel ingots to 2 percent from 5 percent this week as part of measures to curb rising inflation. The duty on construction steel products would be cut to between 5-10 percent from 10-12 percent. Read Full Article Here |
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| TRADE NEWS | |
China’s Finance Minister Resigns- Chinese Finance Minister Jin Renqing has resigned for "personal reasons," the government said Thursday, amid concerns of surging inflation and just weeks ahead of an expected reshuffling of top government positions. No other details were given in the statement that followed several days of rumors that Jin would step down. He has been finance minister since 2003. Poll: Americans Share Blame for China Recalls- Most Americans say the United States itself bears at least some blame for the rash of unsafe products from China, according to an Associated Press-Ipsos poll released Thursday. With the tally of Chinese goods bearing high levels of chemicals and toxins growing almost daily, people in the survey reserved the bulk of their ire for Chinese companies. Nearly two-thirds, or 64 percent, said Chinese firms making the tainted products deserve a lot of the responsibility — more than anyone else. Read Full Article Here Global Markets Rebound After U.S. Rate Cut- Global markets rebounded Monday, taking their cue from Wall Street’s recovery late last week after the Federal Reserve cut a key interest rate. In Europe, the major indexes built on their gains from Friday. The U.K’s FTSE-100 Index rose 1.1 percent to 6,130.90. France’s CAC 40 gained 1.4 percent to 5,440.01 and Germany’s DAX advanced 0.5 percent to 7,416.17. The Dow Jones industrial average rose 32.51 to 13,111.59 in early trading. Read Full Article Here Russia’s Very Hostile Takeovers- In Russia a "hostile takeover" isn't just a turn of phrase. Ruthless businessmen are employing armed thugs to intimidate their rivals and force them to hand over their companies -- backed by corrupt policemen and courts. Read Full Article Here |
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| 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. 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 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. 11th RUSSIAN INVESTMENT SYMPOSIUM – WASHINGTON, DC OCTOBER 18-19, 2007 The Russian Investment Symposium has now become the premier forum on U.S. soil for Russian and US leaders from business, finance, and government, to meet, plan for the future, and do business. For more information, please contact Karen Bligh at Karen.bligh@iealliance.org, 617-388-2770 Healthcare Technologies Trade Mission to Istanbul, Turkey; Amman, Jordan; and Cairo, Egypt from October 24 to November 1, 2007. led by the United States Department of Commerce, International Trade Administration, U.S. Commercial Service, and Office of Global Trade Programs. Contact: Ms. Lisa C. Huot, U.S. Dept. of Commerce, room 2118, Washington, DC 20230 Tel: 202-482-2796; Fax: 202-482-0975 E-Mail: Lisa_Huot@ita.doc.gov
10TH AMERICAS FOOD & BEVERAGE SHOW, MIAMI BEACH CONVENTION CENTER, MIAMI BEACH, FL. OCTOBER 29 – 31. The largest Americas-focused trade show in the world for the F&B industry. The Americas Food & Beverage features more than 300 exhibitors from 28 countries introducing 80 to 100 new-to-market products ready for import or distribution. For additional details on the 2007 Americas Food & Beverage Show, to exhibit or to register as an attendee, visit http://www.americasfoodandbeverageshow.com or contact Jelena Meisel, jmeisel@worldtrade.org; Phone +1.305.871.7910.
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 MEDICA, November 14-17, 2007, Dusseldorf, Germany - In support of Maine companies interested in MEDICA 2006 - 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 Düsseldorf, Germany. BUSINESS MISSION TO MOROCCO, JANUARY 28-31,2008. Morocco offers excellent growth opportunities for U.S. companies. In the next 3 years, major government led projects totaling over $10 billion will be funded. It has positioned itself as a platform to access Europe by implementing free trade agreements with both the EU and the US. Contact: Fatiha Coulombe, fcoulombe@bellshouth.net, (706) 882-0288 for more information. HOSPIMedica AUSTRALIA, PHARMACEUTICAL, MEDICAL & REHABILITATION EQUIPMENT AND SUPPLIES, MAY 13 – 15, 2008, SYDNEY, AUSTRALIA For more information: Ryan Klemm, (312) 781-5180, www.hospimedica-australia.com . 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 |
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| USEFUL WEBSITES: Doing Business in Israel | |
Central American – Dominican Republic – United States Free Trade Agreement (CAFTA-DR)
US Commercial Service http://export.gov/articles/mom_caftadr.asp
CAFTA-DR FAQ http://export.gov/articles/caftadr_qa2.asp
CAFTA Law http://www.caftalaw.net/ |
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| USEFUL RESOURCES | |
How to export on a shoestring budget http://export.gov/articles/caftada_issue.asp Making the decision to export requires careful assessment of the advantages and disadvantages of expanding into new markets, especially for small and medium-sized companies. But there are various sources that help you export your product or service on a shoestring budget. Look at the following numbers, which show that the number of small exporters is growing:
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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. |
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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 |
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Maine International Trade Center 511 Congress Street, Portland, ME 04101 |
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