Commerce’s BEA Keeps Its Finger on the Economy’s Pulse. BEA’s Four Big Numbers to highlight in 2011 are: $15,180,900,000,000 (That’s $15 trillion). That’s the total size of the U.S. economy as of the 3rd quarter of 2011 on an annualized basis. $1,977,400,000,000 (That’s $1.9 trillion). That’s the value of corporate profits as of the 3rd […]
Read more
Trade News: Important Revisions to the Harmonized System of Product Classification
From Datamyne: By the Numbers. With the New Year, an updated 2012 edition of the 6-digit Harmonized System (HS) of product classification codes overseen by the World Customs Organization (WCO) goes into effect. It’s the fourth such update, the culmination of a five-year process of review and amendment to ensure the global system of nomenclature for […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Costa Rica, Part 2
Though Costa Rica shares quite a few cultural similarities with the U.S., one thing that seems to permeate throughout Central America is the importance of family. Perhaps not so surprising in this collectivist culture, many decisions are based on the effect they have on the family. In this peaceful country, Ticos believe in peace through […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Costa Rica, Part 1
During the age of Imperialism, many of those who settled in Costa Rica were seeking land and mercantile opportunities. This “rich coast,” named Costa Rica by Columbus, is barred physically with mountain ranges and water, from instability and hostility that plagues the region, and promotes civility and neutrality within Costa Rican borders. Costa Rica has […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Belize, Part 2
Belize is also different than its neighbors concerning the concept of time. While many of its neighbors have a relaxed view about time and punctuality, Belizeans are more monochromatic like their founders. Punctuality is expected for all business appointments, and while there is some flexibility concerning social occasions, certainly not half an hour or more. […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Belize, Part 1
Belize is one of the most unique countries in Central America straying from the cultural norms of her neighbors. Belize, actually has British pirate (arrgh) and African (slaves brought to develop the timber-cutting industry) foundations. It is the youngest independent nation in Central America, achieving its independence from Great Britain in 1964, and abandoning the […]
Read more
The Christmas Grinch- Global Economic Recovery Outlook for 2012 from Euromonitor
From Euromonitor: Special Report: 2011 World Economy in Review. In January 2011 Euromonitor International released a Special Report on Global Economic Prospects in 2011. In this report Euromonitor identifies how 2011 played out in five keys areas. World growth will slow in 2011; rebalancing remains the key. World growth did indeed slow in 2011 but to […]
Read more
Trade News: The Big Picture & Little Picture of U.S. – China Trade Relationship
The Little Picture-From PIERS: ‘Tis Not the Season to Be Jolly… for China’s Toy Manufacturers. Recently reported in The Guangzhou Daily, China is calling this Christmas “the worst” for Chinese toymakers ever. Guangdong province, where 60% of China’s exported toys are made, are feeling the sting from plummeted orders from the US, down 25% from last […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Honduras
Before the popular GAP owned clothing store came along, the original “Banana Republic” was in reference to Honduras. Bananas, coffee, and wood are the main exports of Honduras. Located on the east side of Central America, the name Honduras was derived from the Spanish word la hondura, referring to the deep water off the country’s […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Nicaragua
Nicaragua is the largest country in Central America (not including Mexico) and has been considered as a possible site for a sea level canal that would complement Panama’s. Though predominantly an agrarian culture (60% of Nicaragua’s exports), increases in the tourism industry has influenced foreign direct investment in Nicaragua by about 79% from 2007 to […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Panama – Part 2
Panama is the bridge between the Americas, home of the famous canal connecting two Oceans, and the wealthiest country in Central America. Due to the United States’ involvement in the construction of the Panama Canal, Panamanians are very familiar with U.S. culture. However, attitudes towards U.S. influence and involvement are mixed. The country is ruled […]
Read more
Country Focus: Intercultural Nuances of Doing Business With Panama – Part 1
“The U.S.-Panama Trade Promotion Agreement will support American jobs, expand markets, and enhance U.S. competitiveness by eliminating tariffs and other barriers to U.S. exports and expanding trade between our two countries.” – Panama Trade Promotion Agreement With a growth rate of 6.2 percent in 2010 and a similar annual forecast until 2015, Panama is one […]
Read more
From TI Providers: Thailand Flood, High-End Gifts, Pirates & Barbie
From Datamyne: Here’s the Beef. Cattle outnumber people more than 3 to 1 in Uruguay. That’s because Uruguay, a country with just 3.3 million people but nearly 11 million cattle, is one of the world’s leading beef exporters. But the US is a relatively small market for Uruguayan beef. Russia has the biggest appetite by far, buying […]
Read more
U.S. by the Numbers: Export Growth, Agriculture, State Revenues and GDP
From DOC: The International Trade Administration’s Four Big Numbers for 2011. The International Trade Administration (ITA) is very proud of its efforts to improve the lives of our fellow Americans by moving toward it’s goals of doubling exports by the end of 2014, supporting well-paying jobs tied to exporting, helping U.S. service companies find new markets, […]
Read more
Country Focus: Intercultural Nuances of Doing Business In & With Guatemala
The Mayans of Mexico also inhabited what is now known as Guatemala, labeling it the “Land of Tree;” in fact Guatemala was the first country to have uncovered the ancient ruins of the Mayan astrological calendar computation. So according to the Mayan calendar, we need to make 2012 count! Like Mexico and many countries in […]
Read more
Country Focus: Intercultural Nuances of Doing Business In & With Mexico
Chilies, corn, chocolate, and culture…Mexico has it all. Mexico city is built upon the ancient Aztec capital of Tenochtitlan and is one of the largest cities of the world. Mexico itself has the 11th largest economy in the world and shares the second largest border in the world with the United States. John Rice, President […]
Read more
Selected, Previously Published, WorldTradeDaily.com Articles of Special Note
Included in the original vision and mission when we launched WorldTradeDaily.com last May was offering advanced technologies and databases to the trade community at large (free of charge) with the idea of expanding the understanding and innovation within the field. Unfortunately, since “free” still requires considerable financial and technological resources to launch and maintain, this […]
Read more
Selected WorldTradeDaily.com Articles on Trade Intelligence & Business Applications
As we near the close of 2011, I thought it apt to publish and review and recap of some of the articles that focus on particular interest areas requested by readers in the past. One of the frequent topics is on the nature of the often referred to but usually misunderstood term, “trade intelligence”. Another […]
Read more
Trade News: The Latest on U.S. Exports, Imports, Trade Deficits and Trends
From ITA Tradeology: October 2011 Trade Facts and Figures – Autos and Europe. The Commerce Department announced the figures for international trade in goods and services for the month of October. Year-to-date, exports have grown nearly 16 percent. One area that has had particularly strong growth in exports is the auto sector. Exports of passenger cars in […]
Read more
Recent Blog Articles from Panjiva, PIERS, Datamyne & Import Genius
From Panjiva: Trendspotting: The Q3 Report is Now Available. Libby Fortier, Marketing Communications guru for Panjiva, was nice enough to send us their latest comprehensive third quarter report. The report contains a quantitative analysis of the macro trends shaping global trade during Q3 which helps sourcing executives figure out which geographies are trending “hot” for the […]
Read more
Mexico and Central America, Part 5: Meetings and Negotiations
There are two different types of business meetings in Mexico and Central America: a meeting between peers and a meeting between unequals. Both have different goals and are conducted differently. Between Peers: With the high status of participants having been established, meaning that all the formalities of going through lower channels of subordinate communications, these […]
Read more
Mexico and Central America, Part 4: Tempo, El Jefe, and Notarios
While it is expected that new business associates will arrive at the appointed time, “la gringa” or “Norteamericano,” meetings typically won’t begin until everyone arrives, or at least the decision makers. Though this is not the standard for social gatherings, where it is acceptable to be late up to an hour. (Arriving sooner at these […]
Read more
Mexico and Central America, Part 3: Favors, Relationships, and Status
Mexico and Central America are both relationship and status driven societies. It’s really about who you are and who know and how they “take care” of you. The wait staff may serve a table that arrived after you because they know the diners, or because they are aware of the diners’ statuses. Additionally, if you […]
Read more
Mexico and Central America, Part 2: Introductions and Communications
As with most cultures, in Centro-American culture it is best to be introduced through a third party like a friend of the family. Being well-connected is an admiral trait in Central America. Women are introduced first, then men, usually according to seniority and importance. Unlike Asian cultures, which stress the importance of business cards with […]
Read more
Mexico and Central America, Part 1: Family Culture and Traditional Roles
When considering how one would want to ingratiate oneself into Mexican and Central American cultures, collectively hereafter referred to as Central American, I find that it is similar to how one would try to be a part of another family, in fact a lot of cultural norms are similar to the family structures, mi amigo. […]
Read more
Excerpts from the MSU- Global Edge Series Focusing on Global Entrepreneurship
Global Entrepreneurship Week Part 1 – Introduction. Global Entrepreneurship Week is designed to inspire, establish idea sharing, and celebrate the successes of entrepreneurs worldwide. So much of global growth is stimulated by small businesses, that leaders from many countries are eager to encourage a spirit of entrepreneurism in their economies. A large portion of future jobs […]
Read more
Selected News from Euromonitor: Petcare, Spirits, Stevia, Population, Diabetes, Libya
The Pet Healthcare Market. A downloadable podcast. Emily Woon, Head of Pet Care Research, discusses the pet healthcare market and the challenges faced by the pet healthcare industry, with topics addressed such as: The overall performance of Pet Care in recent years The largest markets for Pet Healthcare products Challenges to Pet Healthcare manufactures, including […]
Read more
Global Economic News: Recent Portents of More Choppy Waters Ahead
From PIERS: Warning: U.S. Recovery Could be Derailed by European Crisis. The Organization for Economic Co-operation and Development (OECD) warned on Monday that the financial crisis in Europe shows little sign of being self-contained and could pose a great risk to the growth of the U.S economy in 2012. Reuters reported OECD predicts “Negative spillovers from the […]
Read more
Middle East Update: Social Media, Beer, Jewelry & Other Necessary Vices
From Global Edge: Social Media Potential in the Middle East. While social media sites are becoming increasingly popular worldwide, there is one region in particular where social media has nearly unlimited growth potential. That region is the Middle East and although there has been much concern surrounding the use of social networks for protest demonstrations, social media […]
Read more

31/12/2011 





