Archive | August, 2011
WTC-Barcelona

World Trade Center Spotlight: Barcelona, Spain

I love Barcelona.  I had the opportunity to visit this beautiful city during the World Trade Center General Assembly of 2009.  I was able to see the architecture of Antoni Gaudi and several of the 68 municipal parks.  Whether strolling down La Rambla in the evening, eating fine cuisine at the 4 Gats, walking the beach of the Mediterrean Sea or exploring, this city is definitely on my list to return to again and again.

Barcelona is the second largest city in Spain and a prominent economic center, rich cultural area and major tourist destination. It is the 4th largest most visited city  and 4th best business city Europe. It is “one of the world’s major global cities.”  The Port of Barelona is over 2000 years ago and is Europe’s 9th largest container port.  (538,700 TEU in the first quarter of 2011.)  Barcelona is the capital of Catalonia, and according to  the Ajuntament de Barcelona, leads the cities of Spain in exports and new business creation. Of all the new companies, 14% are in the Barcelona province.  Its business creation index of 6.7% is higher than New York, London, Berlin or Dubai.

World Trade Center Barcelona

Website: www.wtcbarcelona.com

Management:  Gestio i Serveis Trade Center (GIS).

Mission:  The World Trade Center Barcelona ia a point of reference for business on an international scale, and of course the ideal place to locate your company or hold an event.

Background:  The largest owner of the WTC Barcelona is the Port of Barcelona (52.8%). The WTC Barcelona was built in 2000.

Trade Focus: Leading industries in Barcelona are: textiles (Barcelona is becoming a major fashion center), chemicals, pharmaseuticals, motors, electronics, printing, logistics, publishing, telecommunications and information technological services. The largest areas of trading are: East & Southeast Asia as well as North Africa and Turkey.

Imports: China is the main import area of orgin.  South Korea, India and Morocco made up 57 % of the total import volume at Port Barcelona in the first quarter of 2011.

Exports: Barcelona tops the export table in Spain and accounts for 20% of all exports. Total volume of exports between 2007 and 2010 was 130,090 million (Euro).  Major exports include: machinery, motor vechicles, foodstuffs, pharmaceuticals, and medicines.

Services: WTC Barcelona is an amazing building with 40,000 m2 office space located in the Port Vell.  It is on the seafront and so has great views.  It is an ideal place to locate your company or business event. The Club WTC Barcelona Roof Terrace Meet & Eat boasts of a place to meet business people from around the world.  It also features a commercial area and a Grand Luxe 5-star hotel.  “It provides full integrated service management, from telecommunications to maintenance, security and interpreting services.”  www.portvellbnc.com.

Contact Information:

World Trade Center Barcelona
Moll de Barcelona s/n
Edifici est, ler plata
Barcelona, 08039
SPAIN
34-93-5088010
www.wtcbarcelona.com
 

     This city is a must visit!!

News1

Trade News: Growth of Export Related Jobs, Food & Medicine Subsidies.

From International Economic Law and Policy Blog: The Debt Deal and Farm Subsidies. Congress could rewrite U.S. farm policy, from crop subsidies to land stewardship and new-generation biofuels, this year under the deficit reduction plan agreed by lawmakers and the White House. The plan would create a 12-member super committee to find $1.5 trillion in savings from the tax code and entitlement programs which include crop supports. “Nutrition programs will be on the table along with everything else,” said Conaway. Public nutrition programs, such as food stamps, account for the bulk of Agriculture Department spending. In a related blog, the article below addresses similar issues globally.  

From International Centre for Trade and Sustainable Development: Global Food Stamps: An Idea Worth Considering?  View and/or download the PDF report.  

Also from the ICTSD: Medicines Patent Pool Receives First Licence for HIV Drugs from Major Pharmaceutical Company.  Gilead Sciences has become the first pharmaceutical company to set up a licensing agreement with the recently-established Medicines Patent Pool (MPP), in a move aimed toward increasing access in developing countries to drugs that treat HIV and Hepatitis B.  The goal of the UN-backed Pool is to stimulate innovation and improve access to HIV medicines.  Good move by good people for the greater good.  

Export related Jobs

From Tradeology, the ITA Blog by tradegov: Colorfully Illustrated Trade Facts and Statistics.  Despite an increase in the trade deficit of 15.1 percent due to a 2.6 percent increase in imports of goods and services, the department is happy to report that U.S. exports support an estimated 9.2 million jobs in 2010 which is up from 8.7 million in 2009. Exports supported 2.4 million jobs in 2009, 21.9% of all manufacturing jobs in the U.S.  This article represents a follow-up from an earlier article entitled “Exports Support U.S. Jobs” .  You can also download the entire (PDF) report Projected Jobs Supported by Exports, 2009 and 2010, if you want to get a more in-depth view.  

Also of particular interest, from the ITA, are a series of reports “Exports, Jobs, and Foreign Investment” that detail the effects of international trade on all 50 states’ economic infrastructures in areas such as:

  • The value of state merchandise exports, major manufacturing industries and markets.
  • The number of state jobs in manufacturing and non-manufacturing sectors that are dependent on exports of manufactured goods.
  • The number of companies, including small- and medium-sized enterprises (SMEs), that exported from the state.
  • The influence of foreign investment on a state’s economic infrastructure.
  • The value of exports from a state’s major metropolitan areas.

The reports are updated on a rolling basis as different supporting data series are released. Each of the 50 states are represented individually.

Locke comes and Locke goes

From U.S. Department of Commerce: Secretary Locke Resigns, Becomes Next Ambassador to China; Acting Deputy Secretary Blank Assumes Role of Acting Secretary.  Bye to Locke. Hello again, Locke.  One good turn, deserves another.  Good Lock in your new position!

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Trade News: Trading with China; a Macro & Micro Perspective.

From International Trade: China-U.S. Trade Issues. U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.- China trade rose from $2 billion in 1979 to $457 billion in 2010. China is currently the second largest U.S. trading partner, its third-largest export market, and its biggest source of imports. Because U.S. imports from China have risen much more rapidly than U.S. exports to China, the U.S. merchandise trade deficit has surged, rising from $10 billion in 1990 to $273 billion in 2010. There are a lot of implications and opinions about our relationship with China.  Whatever your viewpoint, bottom-line is – you gotta deal with it.  The following author suggests one approach: 

From Silk Road International Blog:  Just Suck it up and Learn Chinese!  One of the things that all of these VERY different but successful American entrepreneurs in China have in common is that they all speak Chinese and understand Chinese culture.  This is a very interesting article that has many references and reasons for making the attempt.  Personally, I’m a dunce at languages but invested 5 years laboring over Chinese anyway.  By and large, living in America, the only pay-offs have been surprised looks when ordering Chinese food. Notwithstanding, I think it is one of the best ways to demonstrate respect to the people and the culture.  I think this attitude has paid some long-term benefits in my business dealings in China.  

Peter Zapf, from Global Sources, turned me on to the Silk Road Intl. Blog. It’s really good. They also list over a dozen other China related blogs on their site that may be of interest.  A couple other articles I picked out from their recent posts include: 

  • When your supplier is not arguing to “win”. One of the things that I’ve learned (through painful experience) while working in China over the years is that Chinese and Westerners (Americans at least) don’t argue for the same reasons or in the same ways.  A good, well written article that I relate to as well. 
  • Corruption and the Price of Coffee in China. There are two different kinds of corruption in China: Institutional and Systemic.  Several areas addressed are: govt. corruption/cost of bribes, cost of goods/extras, lack of consistent quality and employee dishonesty/finances.
  • It’s just a little bit more, they can afford it, right? Issues of pricing inequities are discussed.  “Foreigners are rich, so of course they should pay a little more.” “Chinese are poor and have been oppressed by the West for 100 years.”
From MSU, GlobalEdge: China or Brazil – Who Is in Control?  Due to the increase in meat consumption in China, the need for soybeans has widened. The main country where the Chinese have looked is Brazil and are interested in purchasing hundreds of thousands of acres. When they were refused the land, the new strategy was to feed money into the agriculture industry in Brazil to give farmers the capital needed to triple soybean production. With each Chinese invenstment the Brazilian economy is becoming increasingly more dependent on keeping the Chinese happy.  The partnership with them has been the cause for an economic boom in Brazil and if China was to withdraw, Brazil would be left with few options.  This example and issue is multiplied in thousands of ways domestically and globally.  
CITD3

CITD- Centers of International Trade Development -Trade Links

Maurice Kogan, at the CITD has assembled one of the very best collections of helpful links and resources on international trade available on the web. Check out the resources at their website, called theirTrade Information Database” or you can click on one of the links listed below.  Each of the links takes you, in turn, to a “jump page” with the appropriate sub-categories (links) conveniently organized.

Export Readiness Tools: How to information and tools to prepare and train for international trade:

Trade Reference Tools: Quick look-ups to commonly needed international commodity codes definitions and conversions:

Trade & Economic Statistics: Worldwide trade and economic data needed to track international trade flows by country, to assess economic conditions and to access and segment markets.

Foreign Market Research: Extensive industry country and topical market research to help pinpoint best export markets assess particular markets, adapt to local cultures and customs, and develop effective market entry strategies:

Trade Contacts & Leads:  Trade directories and specific trade leads to identify prospective suppliers buyers and distributors:

Trade/Investment Regulations: U.S. and worldwide laws and regulations affecting market access and compliance:

Trade Documentation: Requirements, procedures and forms needed for documentary compliance:

Trade Promotion: Directories of trade shows and other events for face-to-face contact with potential buyers:

Finance & Insurance: Trade finance/insurance guidance, programs, sources of assistance, and on-line application:

Transport & Logistics: Requirements, tools and services to manage logistics and deliver the goods:

International Trade News: Current developments on topics industries and regions of interest to international traders:

Trade Resources Directory: California U.S. Government international private sector and academic sources of assistance:

You may also want to check out the WTD article we did on Mr. Kogon earlier this year.
WTD-Navigation

WTD Website design, Navigation and Participation within the Community.

WorldTradeDaily.com has been set-up within WordPress.com utilizing the premium (i.e. paid for) template “Headlines” by WooThemes. As a result, there are some exciting and useful tools and resources available inherent via WordPress.com as well as some (at times) frustrating limitations.

First let’s look at the basic design of the site. There are two navigational menu arrays:
• The first (darkly shaded) exists at the very top of the page above the WTD header/ banner. Organized within it’s parent, child, and grandchild categorical hierarchy you will find static referential content such as links to trade information suppliers, interesting blog sites, video library and other resources available on or through WorldTradeDaily.com as well as commercial products and services that we offer.

• The other (lightly shaded) navigational menu system is below the header and directly above the content area. Herein you will be able to easily locate various articles which have been published at WorldTradeDaily.com, organized by category. This menu ONLY displays blog posts/ WTD articles and is generally organized within each respective category by the date published with the most recent at the top. Please feel free to suggest other categories you think would be pertinent.

Any given article may exist within several categories at the same time. For instance, an article posted by a trade intelligence provider “X” about specific types and kinds of data and reports “Y” for a common business application “Z” could potentially be found under all three categories –X, Y & Z –although this is uncommon.

At the bottom of each posted article you have the opportunity to comment and thus provide valuable feedback, insight or differing viewpoint. You also have the option to share the article via the listed social media link or through your own social network.

There is a search utility located on the far right of the category menu for locating articles on a particular topic or to find a specific page or post.  Located on the left hand side of the site or in the footer are a number of helpful widgets, which display most recent posts, links, recent WTD tweets, contact information and other useful tools. One of the most important of which is the subscription option. By signing up (providing an email address and name) you will be notified when a new article is posted on the WTD web site as well as qualify for free open source access to our data repositories.

You also have the option of subscribing to an RSS feed to our whole site or for a particular section. This is a handy way to integrate content into your website or simply keep informed on specific topics of interest.

freelance-writer

Help Wanted: World Trade Daily – Staff or Freelance Research Writer

Freelance:   A “pay-per-article” arrangement for candidates who have particular experience  and knowledge in a specific facet of international trade, from which we can develop and publish an ongoing weekly “column”, such as supply chain logistics, data analysis and reporting, or trade policy, regulation and enforcement.

Staff: A Research Writer/ Editor for WorldTradeDaily.com. The acceptable candidate will have the following essential qualities/ skills:

• Be highly self-motivated/ self-directed.
• Have excellent written and verbal skills.
• Be a very good researcher.
• Be an excellent communicator.
• Have very good people skills.
• Be a good project manager (coordinating many elements toward timely completion).
• Have overall expertise with a wide range of computer & web based applications.
• Having knowledge of international business, trade and/or technology is a plus.
• Having knowledge of social media and standard marketing tools and resources: email, tags, SEO, links, Word.Press.com             publishing processess, newsletters, etc. intended to help grow the WTD audience base.

Responsibilities:

Research, gather, review, coordinate, edit, write and publish daily content for the World Trade Daily website. Be responsible for the quality and timeliness of blog articles, published seven days a week, 365.25 days a year. Specifically, duties include:

• Contact and schedule interviews with pertinent people on interesting WTD topics.
• Research, write/revise web content for WTD articles from existing sources.
• Help find, cultivate and retain featured authors who contribute regularly to WTD
• Work closely with writers, suppliers and blog contributors /sponsors.
• Create and maintain content /contact management files and project work flow.
• Assist in (be able to support & talk intelligently about) other areas of WTD business including technology, business applications, sales, client services and administration.
• Assist GM/ Editor-in-Chief in all aspects of business & development.
• Keep records: track income & expenses and maintain necessary files.

Other Considerations:

• I’m looking for an engaged, passionate, self-directed, competent assistant who will be committed to assisting me in realizing the evolving vision of WorldTradeDaily.com.
• Initially this is a part-time position– approximately 20 hours per week, depending upon experience and efficiency. You would be paid as an Independent Contractor (no taxes withheld). No benefits. Semi-flexible schedule. Most work can be done remotely/ independently.
• Over time, I’m willing to consider an increased rates, equity participation, revenue share and/or bonuses based on performance and WTD profitability.

Denver-WTC

World Trade Center Spotlight: Denver, CO

I have only stayed in Denver once, but it is a city I would love to live in. For someone like me who loves the outdoors and sports, this city is perfect.  There are so many places to drive to and things to do around Denver: ski resorts, the Beer Triangle including Coors Brewery, Boulder, gold rush towns, Rocky Mountain State Park, Estes Park, Rafting on the Colorado River, and so much more.

Denver is nicknamed the Mile High City because it is located in the spectacular state of Colorado at exactly one mile above sea level. It has 300 sunny days a year– more than Miami or San Diego. Denver is the largest city located almost halfway between the West Coast and Chicago, so it is a major location for storage and goods distribution. Denver’s location also allows for telecommunication to both North American coasts, South America, Europe and Asia in the same business day. This is ironic since Denver is one of the few cities that was not built on a road, railroad, or navigable body of water.  It was built where the first flakes of gold were found. Denver is also one of the few cities that has 8 professional sports teams.

World Trade Center Denver

Over 275 companies and individuals are members of the WTC Denver. It is a non-profit organization dedicated to helping companies import, export and establish overseas operations.  The WTC Denver also maintains the Colorado International Trade Database which lists Colorado exporters and importers and over 1000 manufacturers and service providers.  The Denver World Trade Center is located in the financial district adjacent to 17th Street which is known as the “Wall Street of the West”.

Website: www.wtcdenver.org

Mission: The World Trade Center Denver will provide sustained value to its constituents and the community by being the private sector focal point for international business in Denver and throughout Colorado and the Rocky Mountain region.

Officers: Karen Gerwitz, Executive Director as of August of 2010.  Ms. Gerwitz brought 20 years of experience in international business and communications to the position. Justin Szymik, Director, Educational Services.

Background: Formed in 1989. The founding partnership consisted of Metro, BCE Development, Denver Chamber of Commerce, Colorado International Trade Office, and the Rocky Mountain District Export Council.

Exports: Colorado’s exports increased 14% last year but still lag behind the national average of 21%. Businesses are being encouraged to tap into the export market (from Breaking Import Export News.) From the International Trade Administration: Colorado’s export shipments of merchandise in 2010 totaled $6.7 billion.  In 2009, the metropolitan area of Denver-Aurora was responsible for 53.1% of Colorado exports of $4.3 billion.  A total of 4,755 companies exported from Colorado in 2008 and 88% were small and medium size companies. The state’s largest export category is computers and and electronic products ($1.8 million) then processed foods ($976 million), chemicals manufactures ($873 million), and machinery manufactures ($701 million).

Export Destinations: 25% of Colorado’s exports went to Canada in 2010 ($1.7 billion) Other export destinations were: Mexico ($590 million), China ($559 million), the Netherlands ($331 million) and Germany ($321 million).

Services:  WTC Denver is an active and certified member of the WTCA. There are 4 key service areas: Information, Education., Advocacy, and Connection.  Services offered include: Certificates of Orgin, Certificates of Free Sale, WISER Trade Statistic Reports, Colorado International Trade Database serarches, training programs, meeting rooms, and roundtables. The International Trade Education and Training programs are impressive. One can earn a Certificate in International Trade by completing 3 required courses and 9 elective courses. The website is full of information, services, news, and many events consisting of educational classes.

Contact Information:

World Trade Center Denver
1625 Broadway, Suite 680
Denver, Colorado 80202  USA
1-303-592-5760
www.wtcdenver.org
 

Rocky Mountain State Park & Coors Brewery

news2

Trade News: Numbers Game: Recent World Trade Facts & Statistics

From BEA International Economics Accounts: U.S. International Trade in Goods and Services. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total June exports of $170.9 billion and imports of $223.9 billion resulted in a goods and services deficit of $53.1 billion. In response, WITA published the following article by the Los Angeles times.  

From WITA — Washington International Trade Association: U.S. trade deficit widens. American producers sold fewer industrial engines, electric generators and farm products to the rest of the world in June, pushing the trade deficit to the highest level since 2008 and dealing another blow to an already struggling economy.  We get numbed by numbers and forget the importance and realities underneath the digits and zeros.  

From International Trade: U.S. Trade Deficit and the Impact of Changing Oil Prices. With oil prices rising to over $100 per barrel in early 2011, the International Energy Agency cautioned that the rising price of oil was becoming a threat to the global economic recovery.

From Analyst Insight from Euromonitor International: Is the Global Economy at Risk? Any slowdown in the US economy means global repercussions, however debt worries in the Eurozone and economic problems in Japan have also affected the global economy. View this Video from Euromonitor.

It may be a bit difficult to find any good news about the overall domestic and global economic condition and short-term outlook. Notwithstanding, we discovered a couple noteworthy items.  

From BEA International Economics Accounts. Personal Income for Metropolitan Areas, 2010. Personal income rose in 2010 in all but four of the nation’s 366 metropolitan statistical areas (MSAs). Personal income in the metropolitan portion of the United States rose 2.9 percent in 2010 after falling 1.9 percent in 2009. In two of these MSAs—San Jose, California and Washington, D.C.—the rebound in 2010 brought their earnings to new highs after falling in 2008 and 2009. In two of these industries—professional services and the management of companies—the 2010 earnings increase was sufficient for them to recover from the earnings declines in 2008 and 2009. So life is good for managers and professional service folks in D.C and San Jose.  

From National District Export Council: U.S. exporting millions of chopsticks to China as wood shortage grows in Far East. Poplar and sweet gum trees are ideal for chopsticks, and Georgia Chopsticks produces chopsticks. Founder Jae Lee says people thought he was crazy. More than 60 billion sets of chopsticks are produced every year in China, so you’d have thought they would be making enough. But a chopstick shortage is growing in the Far East, prompting a U.S. company in Georgia to start exporting millions to the country. Georgia Chopsticks is producing an incredible two million sets of the utensils every day.  Hey, you gotta start somewhere to reverse the trade deficit, particularly with China… one chopstick at a time.  

Also from the above: Green Fields: Iowa farmers outproduce China & Canada.  In 2010, Iowa produced 55 million tons of grain, mostly corn, on about 13 million acres, compared with 45 million tons of corn and wheat in Canada on 30 million acres.  With soybeans, Iowa produced 13 million tons in 2010 while China produced 15 million tons, mirroring their average production figures over the past five years. While Iowa has less than 10 million acres in soybeans, China has 22 million acres. Yield per acre in Iowa is 1.4 tons, exactly double the 0.7 tons of China.

Looking to the America’s heartland, our essential entrepreneurial spirit and the inherent diversity of our populace may provide some hope for our economic future.

news4

Trade News: Grants & Contests, TI Provider Posts & EuroMonitor Articles

Recently, I added Euromonitor to my Google Reader.  They have many interesting articles and a respectable database, some of which is pertinent to international trade.  For those who want to check it out, I’ve included a couple of articles, some of which have nothing to do with trade but have general interest appeal.

Must be the season… there are several contests, grants or going on right now that you may want to consider going for.  The deadlines are quickly approaching, so you’d better hurry.

From Datamyne – International Trade Blog: America’s Got (Export) Talent.  The US Small Business Administration is sponsoring a contest for small businesses ready to share the secrets of their success in finding new customers around the world. To enter, create an original, high-definition video that tells your story in three minutes or less and concludes with these words: “That’s my exporting story.” The first prize is a $12,000 award plus other perks. The deadline for entries is September 3.

From IFAT Fair Trade Newsfeed: SEED Awards 2011 are accepting applications. If you meet SEED’s eligibility criteria, you could apply now for the 2011 SEED Awards for entrepreneurship in sustainable development and the SEED Gender Equality Award. The deadline for applications is August 22nd 2011.

From ERS/USDA Data – Foreign Agricultural Trade of the United States: 2011 Food Assistance and Nutrition Research Innovation and Development Grants in Economics (RIDGE) Program.  The RIDGE Program encourages new and innovative research on food assistance and nutrition issues and broadens the participation of social science scholars in this important research area. Unfortunately, the deadline has passed, but the conference is forthcoming.

Lastly, a couple posts from our neighborhood TI Providers:

Rail Analysis

From PIERS Transportation: All Aboard! PIERS Rail Analysis Now Available. Approximately 60 percent of all intermodal traffic is generated by international trade. With growing problems on the road—such as aging infrastructure, rising fuel costs, congestion and higher emissions—rail is looking more and more attractive for long-haul freight movement.  Rail data is a good addition.

From Import Genius:  Video: How to Use Customs Data to Pick Winners & Losers in the Stock Market.  Good idea. 

From Datamyne – International Trade Blog: Fresh Resource for Food Exporters. The Grocery Manufacturers Association (GMA) has developed, with a grant from the Department of Agriculture, an International Food Additive Database designed to provide easy access to accurate and current regulatory requirements on food additives in importing countries around the world.

Panjiva Blog

Special Report: Top Tier Trade Intelligence Providers: Bloggers’ Blogs

From Panjiva Blog: Global Trade Trends by Josh Green: The Angry Birds Invasion: “Panjiva’s New York office has been stocking up on Angry Birds plush toys.  It appears we’re not the only ones.  The green pigs should be afraid.  Very afraid. “ I just love these guys’ creative blogs. International Trade Data is usually about as sexy as dirt… though it is packed full of value.  It takes a creative mind to unlock and communicate its treasures in a way that will get attention and communicate value.  

From Datamyne – International Trade Blog – Business Intelligence Blog by Nancy Dennigan: Japan’s Chemical Reaction: “Trade data captures disruptions in Japan’s organic chemicals exports.”  “As expected (and covered extensively by the media), our data confirms a precipitous drop in the country’s top export – motor cars and vehicles (HS 8703) – with April 2011 shipments down 64% compared to April 2010, and May’s shipments down 33% compared to May 2010.” Datamyne, consistently professional and pertinent. “God, please send them a creative graphic artist to redo their blog header and layout.”  

From PIERS Transportation: Bills, Bills, Bills: Gaining a Competitive Advantage and Unlocking New Markets: “Master and House Bills of Lading are important to all parties in the supply chain, particularly for NVOs, freight forwarders, and 3PLs. Being able to view the relationship between the two Bills on a regular basis can mean opening doors to new markets and gaining an inside track on your competitor’s strategy.  A Master Bill is issued by the carrier and can provide important details about the relationship between the carrier and the Non-Vessel Operating Common Carrier (NVOCC) or Beneficial Cargo Owner (BCO). A House Bill, issued by the NVOCC, is between the NVOCC and shipper/BCO—a gold mine of company names and commodity information.” This is a very interesting piece (at least for anyone who uses U.S. Customs Waterborne Import Manifest data) on understanding the differences and benefits of the respective BOLs.  

From Import Genius: NOTHING since their post on Introducing the New ImportGenius.com on February 24th?!  Come on Guys! Get back on the horse and publish.  

From Zepol. Introducing ComplianceMonitor: “Zepol is excited to introduce our newest product, ComplianceMonitor™, to our current array of trade intelligence products including TradeIQ™ and TradeView™. ComplianceMonitor™ allows users to proactively stay up-to-date on important compliance related information and changes. Along with sending ‘Updated Reports’ when there is a change, ComplianceMonitor™ also allows users to receive e-mailed ‘Historical Reports’, search by HTS Codes, see U.S. Customs rulings, quotas, tariffs, antidumping and countervailing actions, and more.” Somehow Zepol’s post didn’t show up in my Google Reader Feeds, I missed it… or their publishing system has gone awry.  Notwithstanding, I checked their blog to see what was new.  

All of the “Top Tier” TI providers (those listed in this post) seem to have added some type of automated “alert system” to their interfaces.

I can remember when Chuck Wigand, originally with me at CenTradex, now with UBM /PIERS and I came up with the idea in our little Nashville Conference room many moons ago.  Now it’s a standard feature.  


BaltimoreWTC

World Trade Center Spotlight: Baltimore, Maryland

I am a Marylander.  I grew up in Baltimore, spent my summers on the Eastern Shore and lived near Annapolis for 11 years before moving to Tennessee. Maryland is a wonderful state with geographic variety such as mountains, the Chesapeake Bay, and the Atlantic Coast. It is often called the “Land of Pleasant Living”. I was raised on steamed hard shell crabs, silver queen corn and striped bass fish (rockfish).  Annapolis, the state capital, is a wonderful place to visit. We used to watch the Blue Angel’s Air Show at the United States Naval Academy, sail, sit at the harbor watching the boats and take the historic tours (the town was first settled in 1649). I remember the Baltimore harbor before its revitalization, now called the Inner Harbor, it is a fabulous place to see now! I love Maryland and its city Baltimore and continue to visit my family and friends there as much as I can.

Maryland is also known for: John Hopkins Hospital (the largest employer in the Baltimore area), over 350 biotech firms, and the second highest concentration of doctoral scientists and engineers in the U.S.  Its close proximity to Washington D.C. has made it a center for defense/aerospace industry and satellite government headquarters.

World Trade Center Institute

Website: www.wtci.org

Officers: Deborah Kielty

Mission:  WTCI strives to drive the growth of Maryland’s flourishing global business community as Maryland’s Premier Global Business Partner.

Background:  Established in 1989 and licensed by the WTCA in 1991.  Financed jointly by area businesses and the State of Maryland. More than 2,500 Maryland firms benefit from WTCI.

Trade Focus:The Port of Baltimore (8th largest in the nation) plays a vital role in Maryland’s Economy.  It serves over 50 ocean carriers making nearly 1,800 annual visits.  Thirty-three million tons of cargo moved through the port in 2010.

Exports: Coal, corn, soybeans, lignite, coal coke, petroeum, and fuel oils.

Top Export Destinations: Canada is the largest destination by far.  Next are the Netherlands, China, Saudi Arabia, Mexico, South Korea, Egypt, and Japan.

Imports:   Iron ore, petroleum, sugar, and fertilizers.  It is also one of the top auto ports in the U.S.

Services:  Many services are available for members of the WTCI including International Signature events, Internations Business Series, International Network Connections, and business services such as: Global Intelligence Briefs, International Traveler’s Packages, and an International Visitor’s Management. The WTCI also provides business connections, embassy contacts and personal introductions.  WTCI also has an International Visitors Program that arranges professional exchange programs.

Events:

9/23  Estonian Trade Mission

9/26-10/5 Russian Professions- Investing & Doing Business in Russia

Contact Information:

World Trade Center Institute
401 East Pratt St. Suite 232
Baltimore, MD 21202
410-576-0022
http://www.wtic.org

 A Maryland Crab Feast….Yum!

Ag-news

Trade News: From ERS/USDA Data – Foreign Agricultural Trade

The Expansion of Modern Grocery Retailing and Trade in Developing Countries: Over the past few decades, modern grocery retailing has been expanding rapidly in developing countries. The implications for food demand and trade are influenced by the extent to which modern food retailers focus primarily on growing preferences for nonprice characteristics, such as dietary diversity, convenience, and quality, as opposed to introducing supply chain efficiencies that may reduce real food prices over time. Based on a data set of 103 developing countries, there is suggestive evidence that the expansion has been associated with growth in demand for nonprice characteristics, such as convenience in food shopping and preparation. Report summary, 331 kb. | HTMLEntire report, 795 kb.

World Agricultural Supply and Demand Estimates: The World Agricultural Supply and Demand Estimates (WASDE) report provides USDA’s comprehensive forecasts of supply and demand for major U.S. and global crops and U.S. livestock. The report gathers information from a number of statistical reports published by USDA and other government agencies, and provides a framework for additional USDA reports. The WASDE report is available in PDFXML, and Excel formats.

Aquaculture Data: Aquaculture is the production of aquatic animals and plants under controlled conditions for all or part of their lifecycle. This data product provides statistics on domestically grown catfish and trout and U.S. imports and exports of fish and shellfish that may be products of aquaculture, such as salmon, shrimp, and oysters.  Site has both recent and historical (back 5-7 years) data in either Excel or .PDF format.

Meat Price Spreads: This data set provides monthly average price values and the differences among those values, at the farm, wholesale, and retail stages of the production and marketing chain for selected cuts of beef, pork, and broilers. In addition, retail prices are provided for beef and pork cuts, turkey, whole chickens, eggs, and dairy products. Interesting to see historical relationship between what the farmer, wholesaler and retailer make.  

International Food Security Assessment, 2011-21: Food security in Asia and the Latin America and the Caribbean region is projected to improve, whereas food security in Sub-Saharan Africa is expected to deteriorate. Food-insecure people are defined as those consuming less than the nutritional target of roughly 2,100 calories per day per person.

Food Expenditure Tables:   Analysis of food expenditures provides valuable information about how consumers spend their food dollar, and how their consumption patterns change over time. ERS has updated a series of tables on food expenditures to 2010, showing that total food expenditures for all food consumed in the U.S. was $1,240.4 billion in 2010 which is a 3.4-percent increase from $1,199.8 billion in 2009.

Food Availability (Per Capita) Data System: The Food Availability (Per Capita) Data System compiled by USDA’s Economic Research Service includes three distinct but related data series on food and nutrients available for consumption. The data serve as popular proxies for actual consumption in the United States. This historical series measures the national food supply of several hundred foods, and it is the only source of time series data on food availability in the country.

Latest U.S. Agricultural Trade Data: USDA has summarized the latest U.S. agricultural trade statistics in the following table, using the most recent data released by the U.S. Department of Commerce.  U.S. Agricultural Trade Data Update: Provides a monthly update of year-to-date quantities and values of U.S. agricultural exports and imports. It also provides data on leading destination countries for exports and import source countries.

FDI-investment

Trade News: Foreign Direct Investment and International Trade Deficits

EXPORTS 2.0:  From Wharton Magazine by Alexander Gordin, Managing Director, Broad Street Capital Group; Trustee, Princeton Council on World Affairs. “Exporting American-made goods and services has become a hot topic as the U.S. slowly rebounds from one of the worst economic recessions. Timing is everything. And with a favorable exchange rate for the U.S. dollar, our exports are even more competitive in overseas markets.” Fundamentally transforming the way American businesses think of exports and international business is critical to the expansion of U.S. export and foreign direct investment. Here’s how:

  1. Comprehensive Education of Exporters and International Investors.
  2. Enhanced Export and Foreign Direct Investment (FDI) Infrastructure.
  3. Increased National Focus on Exports.
  4. Build a “Securities” Market Approach to Exports and Foreign Direct Investment.

From ICTSD • International Centre for Trade and Sustainable Development: Foreign Investment Rebounding, Non-Equity Modes of Production Key for Development: UNCTAD: Global foreign direct investment (FDI) will rebound to pre-crisis levels by 2013, according to the UN Conference on Trade and Development (UNCTAD) in their 2011 World Investment Report. The report argues that, although global FDI is still 15 percent below its pre-crisis average, FDI will likely grow to US$1.4-1.6 trillion in 2011, approaching its 2007 peak by 2013.

From BEA International Economics Accounts: U.S. International Trade in Goods and Services, May 2011.  The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total May exports of $174.9 billion and imports of $225.1 billion resulted in a goods and services deficit of $50.2 billion, up from $43.6 billion in April.

In a related post from International Trade- CRS REPORTS: U.S. Trade Deficit and the Impact of Changing Oil Prices. Petroleum prices have risen sharply since September 2010, at times reaching more than $112 per barrel of crude oil. Although this is still below the $140 per barrel price reached in 2008, the rising cost of energy is beginning to affect the rate of growth in the economy. Turmoil in the Middle East has been an important factor causing petroleum prices to rise sharply in the first four months of 2011, which could add as much as $100 billion to the U.S. trade deficit in 2011.

From Global Reach: Foreign Trade Regulations: U.S. Working with Canada to Improve Trade Statistics! The Monitoring Committee, comprised of Statistics Canada (STC) and the U.S. Census Bureau (Census), has met semi-annually over the past several years. The purpose of these meetings is to identify and address operational issues that might affect the successful operation of the data exchange. This article is a follow-up to the previous post, The United States – Canada Data Exchange.  The United States and Canada enjoy an economic partnership that is unique in the world. The two nations share the world’s largest and most comprehensive trading relationship. Did you know that the two countries also share an agreement to exchange import statistics?

WTD-Commercial

WTD Commercial Services and Advanced Trade Technologies Available

We are offering several commercial products and services to the trade community, which I will briefly outline in this article and further develop and expand upon in follow-up posts.

Consulting

I am available on a hourly, daily or project basis, for the many facets of developing, intergrating ad applying trade intelligence.

  • By the hour (by phone only): contact Simon Kim at GuidePoint Global to set-up a phone appointment and establish the rate.
  • By the day (billed in 1/2 day increments): Contact me directly via email.  Rate: $2,000 per day, plus expenses.

By the project (over 10 billable days):  Dependent upon the nature and scope of the project, a discount in my daily rate may apply.  I also have several handfuls of excellent technologists, writers/editors and graphic design folks at my disposal if needed for the project. Rates vary.  There are few things I enjoy more than to directing a team of competent professionals… as we work together on a innovative project toward an inspired objective.

Publication and Marketing

 This includes the development of customized content designed specifically for your company and market(s).

  • Sponsorship of WorldTradeDaily.com. Your banner advertisement will appear as the header (570 X 80) of a WTD article once each week of the year, 52 placements, 52 articles.  Your header will remain permanently attached to each of the 52 respective articles. $10,000 per year. Or “global” sponsorship of all 365+ articles per year along with site header attribution for $70,000 annually.
  • Sponsorship with (re)publishing and marketing rights.  You may integrate within your website and promote one WTD article per week – 52 articles annually – for $20,000 per year.  2 per week (100 per year) @ $40,000 and so on.  A good way to add fresh weekly content to your website.

Custom publication and marketing.  We will design, integrate, write, edit, market and administrate the blog and social networking aspects for your trade or international business related company. There’s an initial one-time set-up fee of $10,000.

  • Written, published and marketed once per week (50+ articles, averaging 400 words each with visuals): $40,000 annually.
  • Twice per week (100+ articles): $60,000 annually.
  • Weekdays (five times per week): $100,000 annually.
  • Daily (seven days a week): $120,000 annually.

Complimentary Licensing of Piers Prospects and StatsPlus.

See WTD article “WTD Backstory- Part 5: Retained CenTradeX Core Technologies & Licenses”.  NOTE: you cannot be a current PIERS client (or listed prospect) or previous CenTradeX customer to be eligible.

Our vision is to see WorldTradeDaily.com develop into a vital interactive community of trade professionals representing every aspect of World Trade and Development.  To help seed this vision, we are offering a subscription to StatsPlus or Prospects- arguably the most innovative TI software available, provided that as a material and integral part of agreement, licensees regularly submit for publication articles that reflect their views and experiences and be available for occasional surveys and research studies.   We are limiting the number of available licenses within each particular facet and function involved in International trade (academia, government, NGOs, Logistics, Maritime, commercial, consulting, etc.).  A minimum commitment of 2 articles per month for each subscription is required (4 per month if both StatsPlus and Prospects are utilized).

Licensing of CenTradeX Technologies.

Post-sale, we retained the most valuable, most essential aspect of our technologies, namely our “A.I.” Engine and referential database repositories.  These innovative assets are available for licensing on an exclusive or non-exclusive basis, starting at $100,000 annually.

Stem-Jobs

Trade News: Job Outlook. Positive Growth Seen in STEM Related Vocations

From Census Bureau: Number of Nonemployer Firms Shrinks Again in 2009, Census Bureau Reports: “Nonemployer firms generate a small percentage of total U.S. business receipts, but they constitute the majority of U.S. businesses.” “Real estate related industries showed the largest decline, responding to the housing market downturn, with lessors of real estate, offices of real estate agents and brokers, and activities related to real estate (such as those who appraise real estate or manage it for others) losing about 145,000 firms combined.”

From U.S. Commerce: Economics and Statistics Administration Releases New Report on STEM: Good Jobs Now and For the Future: A new report profiles U.S. employment in the science, technology, engineering and mathematics (STEM) fields. This report offers an inside look at workers who are driving our nation’s innovation and competitiveness and helping America win the future with new ideas, new companies and new industries. Download the entire PDF report.  Some of the findings include:

• In 2010, there were 7.6 million STEM workers in the United States, representing about 1 in 18 workers.
• STEM occupations are projected to grow by 17.0 percent from 2008 to 2018, compared to 9.8 percent growth for non-STEM occupations.
• STEM workers command higher wages, earning 26 percent more than their non-STEM counterparts.
• More than two-thirds of STEM workers have at least a college degree, compared to less than one-third of non-STEM workers.
• STEM degree holders enjoy higher earnings, regardless of whether they work in STEM or non-STEM occupations.

In a related post: NOAA: Cultivating the Next Generation of STEM Workers, One Student at a Time: NOAA offers scholarships for college students aimed at helping them obtain degrees in many STEM fields. Besides significant financial support, these programs provide outstanding opportunities for students to gain hands-on experience in cutting-edge analysis and research, plus mentoring by top-flight NOAA scientists and managers. (Learn more about our scholarship programs)

From (MSU) globalEDGE:  Women in Business – Changing the World One Step at a Time: According to an article in the New York Times, senior management in private equity worldwide is composed of only 9% females. In the Middle East the numbers are even lower, which is not surprising given that less than a third of females there enter the job market. Many female business professionals have decided to enter the market on their own and establish smaller private equity firms.

Green Buildings, Green Jobs: A Closer Look at the Clean Energy Economy: The green building sector represented over 25 percent of all new construction activity in 2010. U.S. firms are providing leading technologies and services in key subsectors, including smart lighting, energy data management, energy efficient heating and air systems, and residential solar power. U.S. green building and energy management innovators are also finding success abroad, while creating jobs at home.

WTCPalestine

World Trade Center Spotlight: Ramallah, Palestine

Although the website is not current and my good friend Bassem Nijem is no longer the General Manager, I wanted to highlight this World Trade Center.  Why?  Because I had the honor to visit it personally in October 2009.  Robert Thompson and myself visited many of the Palestinian businesses (West Bank) there in a trade mission.

We were able to see for ourselves the quality manufacturing plants and products: olive oil, soap, ceremics, chemicals, textiles,cosmetics, cabinets, granite and more.  I was very impressed with the quality and perserverence of these business men.  (They face huge trade challenges because of Israeli restrictions.)

Not only did Bassem plan tours for us to see businesses, but also a memorable visit through the Holy Land.  It is a trip I will never forget not only for the wonderful people I met, but for the beauty and richness of the land and culture.

Website:  www.wtcpal.com

Officers:  Bassem Nijem, Former General Manager; Ghazi Abu Nahl, Group Chairman for NEST Investments Ltd.

Mission:  To promote international trade and strengthen economic ties between Palestinian businesses and foreign enterprises. To conduct customized Educational Programs covering crucial topics to enhance the practical skills of the business community.  To be the most effective commercial data provider in the region for local & worldwide sourcing. To serve the Palestinian Community through its worldwide links & contacts. To remain a unique establishment with strong brand recognition internationally.

Background: Founded in 1995.  Owned by NEST Investments Ltd. based in Cyprus.  NEST with General Manger Ghazi Abu Nahl owns 15 WTCs in Europe, Middle East and North Africa.

Trade Focus:  WTCP is an effective Trade Leads provider.  There are many sectors listed on the website as well as lists of products/countries under the columns of “Offers to Buy” and “Offers to Sell”.

Export Merchandise:  Stone, olives, fruit, vegetables, limestone. According to the Palestinian Central Bureau of Statistics, January 2011 exports totalled $66.8 million (13% increase from December 2010).

Import Merchandise: Food, consumer goods, construction materials, petroleum, chemicals (January 2011 imports totalled 421.7% (4.4% increase from 12/2010).

Top Export Destinations:  Israel (93% of exports)

Services: Customized programs covering topics such as International Trade, Microsoft applications, financial education, managerial skills and language.   Reliable trade information is provided on specific foreign markets, products, services and industry information as well as lists of Palestinian manufacturers. Secretarial services are also provided for local and incoming business entrepreneurs. WTCP also hosts outbound and inbound missions.

Contact Information:

World Trade Center Palestine
P.O. Box 3872 – Al Bireh – Palestine
Location: Al-Birdh – Ramallah / Jerusalem St.
Trust Insurance Bldg – 3 rd. Floor
972-2-2420490
info@wtcpal.com
http://www.wtcpal.com
One of the most amazing cities in the world.


One of the many quality businesses we visited in Palestine.


China-Trade-Mart

Trade News: On China – Mega Trade Mart, City “Tiers” & More

From (MSU) globalEDGE – Your Source for Global Business Knowledge:

  • The New Silk Road: In 1982, China was just beginning to open up to capitalism when the government decided to use a plot of land in a rural town of Yiwu as an open-air market. What started off as a rural, poor city has turned into a vibrant Trade Mart which now covers 988 acres. To put this into perspective, you could fit 10 Mall of Americas in the same space.  This Trade Mart opened up in 2002 and since then has expanded 3 times.  It is a place where traders place wholesale orders after viewing the 62,000 stalls selling more than 410,000 possible products. Products include everything from tweezers to power strips. The city has seen an increase of 34% in exports from 2009.  This growth comes largely from the developing world, which accounts for more than half of the city’s $2.86 billion in exports in 2010.
  • Asia’s New Car Industry Hub: Most people think of China or Japan as the most prominent auto manufacturers in Asia. That has certainly been the case for the past years but now the country of India is becoming a major manufacturing hub for the continent. Nissan’s Indian factory is less than a year old and covers 600 acres making it one of the company’s largest plants worldwide. Nissan is just one of the many major Asian auto companies that have set up manufacturing hubs in India.

The China Sourcing Blog:  What Makes a City Tier in China? We often hear of China’s first or second or third tier cities, yet what actually makes a city tier? The terms are so often used, yet there is actually no official formula for determining what tier a city falls in. Instead, everyone makes up their own rules. In 2009, RightSite.com, an online property trading website, identified five criteria for defining a city tier in China, namely:

  • Population of more than five million people.
  • Provincial GDP of at least RMB 250 billion, or RMB 350 billion in more prosperous provinces.
  • Cities with strong economic growth (for which RightSite provided no threshold).
  • Geography, i.e. cities which are the most significant in their area, like Xiamen (even though it only has around 2.5 million people).
  • Advanced transportation infrastructure.
  • Historical and cultural significance. Here Rightsite provides the example of Guilin, which is relatively small yet could be considered second tier due to it being a tourist centre.
From International Trade-CRS REPORTS:  Chinese Tire Imports: Section 421 Safeguards and the World Trade Organization (WTO): On April 20, 2009, the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union filed a petition with the U.S. International Trade Commission (ITC) requesting an examination as to whether Chinese passenger vehicle and light truck tires were causing market disruption to U.S. tire producers. Reciprocally, China filed a WTO complaint against the United States in September 2009, claiming that the Section 421 tariffs violate U.S. GATT obligations to accord Chinese tires MFN tariff treatment.
USAGOV

Special Report: Helpful Links From USA.gov for Citizens & Visitors

U.S. Government Resources for Native Americans: Resources within U.S. Federal Agencies. Explore more than 30 U.S. government services and programs for Native Americans in areas such as health, jobs, housing, education, and business development. A plethora of links and resources are available at the site.

Baby Name Playroom App: Search the most popular baby names of the past 130 years using official Social Security data.  You can browse names, search a particular name, or choose the “Surprise Me” button. Get inspired by the trivia game.  Share your favorite names on Facebook, Twitter, or via an email. Social Security benefits America! View our list of government-approved links to help you plan before and after your baby arrives. iPhone Download.

Citizenship Applications — Top 5 Mistakes: Becoming a naturalized citizen can be one of the most important milestones in an immigrant’s life. But it’s not always easy. There’s lots of paperwork to fill out, appointments to keep and tests to pass. The following are the five most common mistakes people make when applying for citizenship. By avoiding these you’ll be able to save money, time and perhaps most importantly, stress.

Taking a Road Trip this Summer?  Before you head out on the highway, look up road conditions, get tips on improving your gas mileage, and explore scenic byways. Links to topics such as: Border Wait Times for Entering the U.S.Foreign Visitors Driving in the U.S.National Traffic and Road Closure InformationRoad ConditionsScenic BywaysTrain Travel – Amtrak Tickets, Schedules, and Stations.

Prescription Drug ResourcesVisit USA.gov’s Prescription Drugs page for a variety of resources to help you learn more about the medications you’re taking, verify how your pills should look, check drug interactions, see if you qualify for assistance with drug plan costs, and more.  Links to topics such as:

Shop Government Sales and Auctions:  Buy new, seized, surplus merchandise and real estate from the government. Some items are sold online by auction or fixed price, while others are available by public auction, sealed bid, or contract with a realtor. What is GovSales.gov?  GovSales is a consolidated, citizen friendly web site that makes it easy for the public to find government assets for sale. What is available on GovSales.gov?   Find land, houses, jewelry, cars, trucks, tools, computers and many other exciting items. Check out the web site today. Thousands of items, updated daily.

Update

WorldTradeDaily.com Website Redesign: An Evolving Vision

World Trade Daily has published daily for over 90 days since its launch in May 1 of this year. Each month, as some of you will have noticed, we’ve made changes to the format and content of the site, in response to our readers and in an effort to bring more relevant and better organized information on International Trade Intelligence. Beginning July 1, we combined many of the categories arriving at the four that exist now*:

• Trade News (previously TI Columns)
• Data, Uses & Reports (previously TI Uses, TI data)
• Suppliers & Associations (previously TI Suppliers)
• WTD & Community (previously TI People, WTD and Me)

*Those of you who have subscribed to feeds for the outdated categories may have to revise your RSS feed settings.

So now there are only four general categories under which WTD articles are organized. Remember though, you can always search for blogs within a particular area of interest by providing key words in the search box conveniently located to the right of the category headings. Also, the several months of articles – their picture, headline and publication date – appear along the left margin (in reverse chronological order) of the website. Simply clicking the link will take you to the respective article.

We also launched several new series which run on a continual basis:

• World Trade Center Spotlight: focus on one of the 300+ World Trade Centers around the world.
• WTD Editorial: responses to questions and/ or comments posed by our readers.
• Trade Report: analysis and reporting generated from many data sources, particularly the innovated TI applications – Prospects and StatsPlus.

We vastly improved and expanded our graphic look and layout in July as well. Each article appears with a corresponding header for the particular series in which belongs. Oversized images that are appropriate for downloading and reference are listed in the footer area of the web site. Readers are welcome to utilize these images as long as source credits are attributed to WorldTradeDaily.com. We also maintain an extensive video library that is worth checking out as well.

Trade News has been expanded due to reader feedback. Typically this distillation of pertinent international trade news will be published on weekends thus 8-10 articles per month.

In the next 90 days we plan to offer a handful of commercial products and services including consulting, technology design and integration and special software licensing packages. In addition, we hope to garner more intimate involvement from TI Providers and Trade Associations.

As always, we invite you, as an international trade professional, to participate in the World Trade Daily Community by providing comments and suggestions as well as articles that you think would be of benefit to readers.

Along with your involvement, we will continue to evolve the vision, format and content of WorldTradeDaily.com

Working for PIERS

WTD Editorial: Is WorldTradeDaily.com and its Editor-in-Chief for Sale?

In response to one of our recent articles on Trade Intelligence Providers, Import Genius: On the Nature of Genius and Intelligence within Trade Intelligence, I received a very nice response (posted under comments) from Ryan Petersen, founder of Import Genius.com which calls for some clarification that may be useful to other WTD readers.

“Thanks for the review Robert. Don’t you work for Piers.com though?  In any case, stay tuned for some interesting new features and product lines from ImportGenius.com. We think there’s a lot of untapped potential to do new and interesting things with the data. Our visual mapping was our first attempt at that, and it’s been a key differentiator for us versus Piers and the other IT providers. Another important way we’ve stood apart has been price, where we’ve remained the low-cost provider and steadily eaten away market share from the bigger players.”

UBM Global Trade /PIERS acquired “certain assets” of CenTradeX in May, 2010.  UBM Press Release. 

In the acquisition, PIERS acquired several of our Trade Intelligence Applications that have since become lead products, namely Prospects and StatsPlus as well as several others which have yet to be marketed.  They also obtained rights for the various technological “wiring” and referential tables by which to attach these applications to their own engine and databases.  They bought our customer list. They hired our three core technologists and the lead sales person.  I didn’t come with the package.

As outlined in WTD Backstory- Part 5: Retained CenTradeX Core Technologies & Licenses, post sale, we (CenTradeX) retained:

  • Our most important technological assets, namely our unique A.I. (artificial intelligence) engine and vast data repositories of company, product and statistical information.
  • Thirteen licenses of my (now their) software for five years: 13 licenses to StatsPlus, 13 licenses to Prospects and 13 licenses to Dashboards (which they have yet to bring to market). Said rights expire July 1, 2015.
  • Further (potential) performance-related consideration based upon retention and sales to previous CenTradeX Customers and aggregated sales of acquired software over two years, to May 2012.

I don’t receive salary, commission or other compensation from PIERS or any other TI provider.  As Editor-in-Chief of World Trade Daily, I am committed to report on the news, views and who’s who in trade intelligence from wherever and from whomever.  To bring my best, though notably biased, discoveries and opinions to WTD readers.

Therefore, be it Ryan Petersen, founder ImportGenius.com, or any other Trade Intelligence vendor, user or trade professional, I invite you to submit pertinent information on your company or product to us for publication.  See: You and/ or Your Organization Can Be Featured On World Trade Daily. General article guidelines may be found in, World Trade Daily – Content Guidelines for Prospective Articles and Interviews. If you have something that WTD readers would be interested in, I’ll publish it.

The only caveat is that I’m likely to put in my 2 cents as well.

oldnews2

World Trade Daily – Month In Review for July – Part 2

In Part 2 we continue our summary and organization of the WTD articles which appeared within the month of July.  Another of the improvements we made, in response to reader feedback, was to expand our coverage of news that is pertinent to international trade and economics. In fact we dedicated almost a third of our articles in the month of July to that objective:

These timely news articles run the gamut from trade data to IP protection to global economic recovery to world food-less-ness to BRIC country reviews.  We gather, sift, sort and review hundreds of stories a week looking for those we believe will be valuable to our readers as a “one-stop-shop” as it were for issues relating to Trade Intelligence – both in a strategic and tactical sense.

We also published several “special reports” in July that are of note beginning with an Independence Day post that included the largest fireworks display on record as well as a sobering look at the nature of financial independence or the lack thereof in July 4th Celebration of Independence: Will Financial Freedom Last?

In this special two part WTD report we outlined an EU study of most of the trade information providers throughout the world in their well crafted document.

This is a very revealing, informative and timely report that I advise everyone taking a look at.  The entire document is available for download via a link contained within the articles.

Lastly, we offer a couple of other special reports that don’t fit into a convenient (parent) heading:

We hope July’s articles were of interest and value to you.  Please feel free to offer other news sources and stories that YOU think would be important to publish.

Oldnews1

World Trade Daily – Month In Review for July – Part 1

The month of July started with two posts recapping the previous month of June.  World Trade Daily – Month In Review for June – Part 1 and Part 2.

In July we started a new series entitled “World Trade Center Spotlight”.  Written and edited by Louisa Avery, each spotlight focuses on one of the 300+ World Trade Centers belonging to the WTCA, across the world.  Ideally, World Trade Centers epitomize what Trade Intelligence is all about: blending data, services, facilities, network, resources and people in order to better facilitate international trade.  Combined these WTCs boast of almost 1 million member companies.  Here are the ones spotlighted in July:

They’ll be more to come in August.

In conjunction with one of the WTC Spotlights on Utah, we uncovered some interesting information on the state in the following articles:

We also launched another new series entitled, “Trade Reports” in which we employ data and reports generated in part from the Prospects and StatsPlus TI Applications originally developed by CenTradeX and later acquired by PIERS/UBM Global Trade last year, as well as other sources.  During the inaugural launch of this series in the third week in July, we focused on our region, Tennessee, and the Medical Equipment sector as well as other related data stories.

Another series we began in July was the WTD Editorial, based upon questions posed by our readers with questions such as: “How does WorldTradeDaily.com differ from other International Trade Information sites?”; “I’m trying to decide between several Trade Intelligence Providers products, which do you think provides the most accurate information?”; “What is the U.S. Market like for TI products?” and “Where can I obtain the U.S. Customs Waterborne Import Manifest Data?”

In World Trade Daily – Month In Review for July – Part 2 we will list the other articles appearing within the month for easy reference.

SAn Diego WTC

World Trade Center Spotlight: San Diego

I love San Diego.  It has it all.  Gorgeous beaches, idyllic weather (the U.S. Weather Bureau describes it as the “closest thing to perfect”), great museums, world famous zoo, Sea World and much more.  It is a fabulous place to visit, and I have been there several times, but not as much as I would like!  What a great place to live especially if you are in international trade.

Website:  www.sdwtc.org

Newsletter:  The Trader

Officers:  Bella Heule, President/CEO; Hugh Constant, Executive Vice President; Reynaldo G. Lontok, Chief Financial Officer/COO

Mission: Provide comprehensive international trade services and key global contacts to facilitate and expand trade for regional and worldwide clients.

Background:  Established in 1994, WTCSD was one of the first World Trade Centers internationally to be certified by the WTCA, receiving a best practices designation for their trade missions.  WTCSD is a private-public partnership with the City of San Diego, the Unified Port District, and Regional Airport.

Trade Focus:  San Diego, California occupies a strategic location in the United States.  It is on the border of Mexico and on the Pacific Rim.  This makes San Diego a multi-cultural city and thus excellent for international business opportunites.  Because San Diego and Tijuana create the largest metropolitan artea on the U.S./Mexico border, it is an ideal area for taking advantage of the North American Free Trade Agreement (NAFTA). Many companies with manufacturing plants in Mexico have their administration and/or operation facilities in San Diego.  This concept is known as Maquiladoras or Twin Plants. The border crossing San Ysidro Port of Entry is the busiest international border crossing in the world.

San Diego is authorized by the U.S. to operate as a Foreign Trade Zone.  In 2009 the Port of San Diego handled over $1 million “short tons of total trade”.  Over $900,000 was foreign trade.  The terminal at Tenth Avenue has facilities for refrigerated and frozen storage so it can handle imports and exports of perishables, for example 33 million bananas every month. (We eat a lot of bananas here in the States.)

In September 2010, WTCSD was awarded a multi-year grant of $425,000 from the International Trade Administation to help finance their work in encouraging U.S. technology to solve the water issues in the Middle East, North Africa and India.

Economy: San Diego’s economic entities are: military, defense, tourism, international trade, and research/manufacturing. San Diego also hosts the largest naval fleet in the world, and the U.S. Navy is its top employer.

Services: WTCSD has 4 core areas of service that provide businesses with links for international opportunites and bring value to San Diego’s international trade community: relationships, global marketing, international public affairs and trade knowledge.

Trade services also including market research, trade counseling, trade referrals, matchmaking, and trade service requests. Trade information packets are available covering over 30 countries.  The packets include a 50 page overview of each country’s market and a 200-page report on information a business would need to know.

Another service: Asia Desk “provides trade services, hosts inbound business and trade delegations form Asia, and organizes outbound trade missions, information seminars, training programs and networking events.”

Events:

  • 7/26  Water Opportunies for U.S. Companies with Alberta
  • 8/9  Cross Cultural Business Communication Workshop: Russia
  • 9/8 Peace Prosperity & Diversity Though Trade: a 9/11 Commemoration
  • 10/4 Tools for Trade: Post 9/11 Trade Compliance Update

Contact Information:

World Trade Center San Diego
2989 Pacific Hwy
San Diego, CA 92101
(619) 615.0868
www.wtcsd.org

Offloading cargo (bananas?) at the Tenth Avenue Marine Terminal