International Business Digest Center for International Business Education ISS UE | 2 Inside This Issue Export Assistance Centers Page 1 Editor’s Note Page 2 US Exports Reach Record High Page 2 Global Trade and Business: Current News & Events Page 3 Contact Informa on Page 5 VOLUM E | 10 DE CEM BE R | 20 13 Export Assistance Centers (EACs) Located in almost 100 ci es throughout the U.S. and over 80 countries worldwide, the U.S. Export Assistance Centers provide a full range of exper se in interna onal trade, marke ng and finance to small and medium‐sized companies. EACs are known as "one‐ stop shops" because they combine the trade and marke ng resources of the U.S. Commercial Service along with the finance resources of the Small Business Administra on (SBA) and the Export‐Import Bank (Ex‐Im Bank). Each EAC can offer informa on about: Foreign markets for U.S. products and services Services to locate and evaluate overseas buyers Foreign economic sta s cs U.S. export licensing and foreign na ons' import requirements Export trade financing op ons Interna onal trade exhibi ons, export seminars and conferences The EACs also work closely with District Export Councils (DECs) comprised of nearly 1,500 business and trade experts who volunteer to help U.S. firms develop solid export strategies. DEC members also provide direct, personal counseling to less experienced exporters by sugges ng marke ng strategies, trade contacts, and ways to maximize success in overseas markets. EACs can also provide assistance with business travel before departure by arranging advance appointments with embassy personnel, market briefings, and other assistance in des na on ci es. Each year, EACs par cipate in approximately 5,000 conferences, seminars, and workshops on topics such as export documenta on and licensing procedures, country‐specific market opportuni es, export trading companies, and U.S. trade promo on and trade policy ini a ves. For more details about the EACs, visit h p://www.export.gov/eac/index.asp. To locate the EAC nearest you, call the Trade Informa on Center at 1‐800‐USA‐TRADE, or visit the Interna onal Trade Administra on (ITA) home page at h p://www.ita.doc.gov. (ConƟnued on page 4). Editor’s Note Gree ngs. It gives us great pleasure to bring to you the 38th issue of the Prairie View InternaƟonal Business Digest, an electronic quarterly newsle er produced by the Center for Interna onal Business Educa on at Prairie View A&M University. This issue features three sec ons. The first sec on (Export Assistance Centers) discusses a synopsis of the many services offered by the U.S. EACs to small and medium‐sized enterprises in areas related to trade, marke ng and finance. The second sec on (U.S. Exports Reached a New Record in October 2013) briefly discusses the new record high volume of na onal exports that eclipsed the previous record set in June. The final sec on highlights selected global business/ trade news and current events. Please note that all URL links are ac ve and you can go directly to a sec on from the Table of Contents on the first page. We hope you con nue to find this e‐newsle er a valuable channel for important informa on rela ng to interna onal business. We also hope our efforts will inspire greater number of local firms to seek out new global business opportuni es. If you have any ques ons or sugges ons, please contact us. Dr. Rahim Quazi Editor Thank you for your support, Rahim Quazi, Ph.D. Editor, Prairie View InternaƟonal Business Digest Center for Interna onal Business Educa on Prairie View A&M University E‐mail | rmquazi@pvamu.edu Phone | (936) 261‐9225 Fax| (936) 261‐9226 US Exports Reached a New Record in October 2013 Monthly exports of goods and services from the U.S. reached a new record of $192.7 billion in October 2013. This figure has just edged past the previous record ($190.9 billion) set in June 2013. Total exports in the last twelve months have reached $2.3 trillion, which registered a 43.1% jump from 2009. Over this period, among the major U.S. export markets (with at least $6 billion in annual U.S. exports), countries with the largest annualized U.S. export growth include: Panama (27.6%), Russia (22.3%), UAE (20.9%), Hong Kong (20.7%), Peru (20.2%), Chile (19.3%), Colombia (18.7%), Argen na (17.2%), Ecuador (16.9%), and Saudi Arabia (16.0%). Source: EX‐IM Bank Prairie View InternaƟonal Business Digest Page 2 Volume 10| Issue 2 Global Trade & Business: Current News and Events Houston Bids to Host 22nd World Petroleum Congress in 2017 The World Petroleum Congress (WPC), which takes place every three years, is a major event for the energy sector. The Congresses typically include keynote speeches, panel discussions, forums, round table sessions, and pavilions from major interna onal oil and gas companies. The last me the WPC was held in the USA was in 1987 in Houston. For the 22nd WPC, Houston is facing three other compe tors: Astana (Kazakhstan), Istanbul (Turkey), and Copenhagen (Denmark). U.S. Export Control Reform The U.S. export control system has undergone major changes effec ve October 15, 2013. The new rules will have a significant impact on the U.S. defense and aerospace industries, which annually contribute more than $20 billion to U.S. exports. For details, see: h p://export.gov/ecr. Direct Line with U.S. Ambassadors Overseas This is a good opportunity for small and medium‐sized enterprises to engage via teleconference with U.S. Ambassadors overseas. For details, see: h p://www.state.gov/e/eb/directline/ Interna onal Trade Educa on Series 2014, Aus n This seminar series is offered by the Aus n U.S. Export Assistance Center. Cost of a endance is $35/seminar or $120 for 4 seminars if paid in advance. Registra on informa on is available at: h p://www.cvent.com/d/v4q90x. Date Topic Jan. 29, 2014 How to Take Advantage of Free Trade Agreements Feb. 19, 2014 Export Documenta on: Mechanics of Expor ng Mar. 19, 2014 Social Media for Interna onal Outreach Apr. 16, 2014 Business Opportuni es with the Gulf Coopera on Council May 21, 2014 Introduc on to Exports June 18, 2014 Managing Your Interna onal Distribu on Network Sept. 17, 2014 Where’s the Money for Expor ng Oct. 15, 2014 Understanding Foreign Cultures for Business Nov. 19, 2014 Introduc on to Imports Webinar Series: Mexico's New Airport Projects 2014‐2018 ‐ January 9, 2014 This free webinar will discuss Mexico's Infrastructure Investment Program, a part of the Na onal Infrastructure Program (2013‐2018). More details can be found at: h p://export.gov/mexico/mexicoinfrastructureopportuni es/eg_mx_065299.asp Japan: Smart Grid Expo 2014 ‐ February 26‐28, 2014 This event in Tokyo will include the following sectors: electricity, energy services and infrastructure; IT, communica on device and infrastructure; and IT system and service. JETRO Houston (a trade and investment promo on organiza on funded by the Japanese government) will provide free booth space, interpreters and PR efforts to selected companies. For more details, contact: Keith Sanders (keith_sanders@jetro.go.jp). (ConƟnued on page 4). Prairie View InternaƟonal Business Digest Page 3 Volume 10| Issue 2 Global Trade & Business: Current News and Events (ConƟnued from page 3). Export Assistance Centers (EACs) (ConƟnued from page 1). Office Informa on for Houston U.S. Export Assistance Center Address: Houston U.S. Export Assistance Center 1919 Smith St., Suite 1026, Houston, TX 77002 Phone: 713‐209‐3104 Fax: 713‐209‐3135 Email: Office.Houston@trade.gov URL: h p://www.buyusa.gov/houston/ Staff Directory for Houston EAC Steve Recobs, USEAC Director Phone: 713‐209‐3105 Email: Steve.Recobs@trade.gov Danielle Caltabiano, Senior Interna onal Trade Specialist Phone: 713‐209 3110 Email: Danielle.Caltabiano@trade.gov Nyamusi Igambi, Senior Interna onal Trade Specialist Phone: 713‐209‐3112 Email: Nyamusi.Igambi@trade.gov Brendan Kelly, Senior Interna onal Trade Specialist Phone: 713‐209‐3113 Email: Brendan.Kelly@trade.gov Pam Plagens, Senior Interna onal Trade Specialist Phone: 713‐209‐3106 Email: Pam.Plagens@trade.gov Alan Richel, Senior Interna onal Trade Specialist Phone: 713‐209‐3123 Email: Alan.Richel@trade.gov Medical Technology Trade Mission to Turkey ‐ May 4‐8, 2014 This trade mission will be led by the U.S. Department of Commerce to three ci es ‐ Ankara, Istanbul and Izmir. The mission par cipants will make hospital tours to understand the Turkish healthcare system and a end pre‐scheduled mee ngs with poten al distributors, end users, industry contacts, and local government officials. The Turkish medical equipment market is a $3 billion market. For details, see h p://www.export.gov/trademissions/ Turkeyhealthcare2014. Aerospace and Avia on Trade Mission to Brazil ‐ May 12‐16, 2014 This trade mission will introduce U.S. businesses to Brazil’s thriving market for aerospace and avia on products and services. The mission is designed for avia on and aerospace manufacturers and service providers as well as trade associa ons/organiza ons interested in long‐term business opportuni es in Brazil. Cost: $2,950 for SMEs, $3,230 for large firms. For details, see: h p://export.gov/industry/ aerospace/brazilaerospacemay2014/index.asp Trade Winds Forum ‐ The Americas, Bogota, Colombia ‐ May 15‐23, 2014 This mul ple trade mission stops will offer U.S. firms the opportunity to conduct B2B mee ngs with their counterparts in Colombia, Panama, Chile, Ecuador and Peru. The mission will also include regional and industry specific conference sessions as well as pre‐arranged consulta ons with U.S. Foreign Commercial Service Senior Commercial Officers. These five La n American countries account for nearly $60 billion worth of exports from the United States. For details about the trade mission, see: h p://export.gov/pennsylvania/tradewinds/index.asp India: Renewable Energy Expo 2014 ‐ September 3‐5, 2014 This is India’s premier trade show in the renewable energy sector. For more details, see h p://www.renewableenergyindiaexpo.com and for informa on about the U.S. Pavilion, contact renie.subin@trade.gov. Sources: Export News, Houston Export Assistance Center Export News, Aus n Export Assistance Center Passport Houston, Interna onal Blog for the Mayor's Office, City of Houston Prairie View InternaƟonal Business Digest Page 4 Volume 10| Issue 2 Next Issue Available: March 2014 If you would like to receive an electronic version of this newsle er, contact Dr. Rahim Quazi at 936‐261‐9225 or rmquazi@pvamu.edu Visit our website! PVAMU College of Business | www.pvamu.edu/business or CIBE |h p://www.pvamu.edu/business/alumni‐friends/center‐for‐ interna onal‐business‐educa on/ PVAMU College of Business Vision and Mission Statements Vision Statement Our vision is to empower students from diverse backgrounds to become produc ve and ethical business professionals who are among the best in the world. Mission Statement We provide a diverse student body with an educa on that creates highly produc ve professionals who are ethical, entrepreneurial, and prepared to succeed in the global economy. The College achieves this through excellence in teaching, research and service, and engagement with the business community and other stakeholders. The student experience is dis nguished by personal a en on, teamwork, leadership training, and apprecia on of the social responsibility of business. Prairie View A&M University College of Business P.O. Box 519; MS 2300 Prairie View, TX 77446