Strategies for Going Global U.S. Export Assistance Centers: Putting the Resources to Work for You Kendra Kuo Office Director U.S. Grand Rapids Export Assistance Center U.S. Commercial Service: Open Doors with Our Global Network of Trade Professionals The U.S. Commercial Service provides U.S. companies unparalleled access to business opportunities worldwide. As a U.S. Government agency, we have relationships with foreign government and business leaders in every key global market. Every year, we help thousands of U.S. companies export goods and services worth billions of dollars. The Commercial Service Global Network Who We Are: 1400+ trade professionals Over 100 Domestic offices 128 commercial offices located in U.S. Embassies and Consulates in more than 70 countries Policy, Industry, and Advocacy Specialists in D.C. The Commercial Service Global Network What We Do & How: Trade Counseling Market Intelligence Business Matchmaking Commercial Diplomacy Trade Promotion Programs Total Michigan Exports Partner 2010 2011 2012 World 44,768,187,457 51,003,027,609 56,902,109,841 Canada 22,087,563,600 23,577,576,848 25,299,648,677 Mexico 7,424,205,315 8,964,673,647 10,459,017,599 China 2,180,945,490 2,687,599,025 3,254,627,414 Germany 1,529,894,009 1,798,822,226 1,982,439,225 Saudi Arabia 1,105,374,427 1,160,158,389 1,792,246,125 Japan 1,240,093,240 1,337,389,368 1,392,484,712 South Korea 750,533,336 970,769,277 964,515,818 Australia 328,265,746 699,526,057 878,643,267 U.A.E. 302,419,000 456,193,384 756,429,960 Michigan Merchandise Exports 2012 What Are They Buying? U.S. Exports totaled $2.2 Trillion in 2012. U.S. Service Exports $630.4 billion in 2012 Trade in Services Agreement Building International Sales A. Access Export Readiness H. Logistics B. Business Plan G. Legal C. Counseling F. Finance D. Market Research E. Find Buyers Access Export Readiness – www.export.gov/begin/assessment.asp Business Plan FACTORS RESOURCES Gauge Demand, Pricing • Research, Trade Agreements Determine Distribution Strategies • Domestic & International Trade Associations, Shows Identify Competitors • Third Party Assistance, Web Overcome Potential Market Impediments • Classify Products, Identify Standards, Export Regulations Counseling and Training • World Trade Week • Country Briefings • Webinars – How To Mitigate Your International Payment Risks – Mexico’s Infrastructure – Satisfying Intl Product Certification Requirements Develop Market Research • Market Research Library • http://www.export.gov • Country Commercial Guides and Industry Reports • CIA World FactBook • http://www.cia.gov • MSU Global Edge Website • http://globaledge.msu.edu • Subscription Services: Google Global Market Finder, Business Monitor International, Kompass, Bloomberg BNA Exporter, PIERS database Customized Market Research Country & Industry Reports • • • • U.S. Embassies Third Party Providers Universities Competitors’ Websites Trade Data • Trade Stat Express • http://tse.export.gov Examine Markets to Find Buyers Commercial Service Programs Certified Trade Shows International Buyer Programs Gold Key Service International Partner Searches Examine Markets to Find Buyers Additional Avenues MEDC Trade Missions/Offices Service Providers/SBTDCs Trade Shows/Trade Associations Industry Trade Magazines Google Analytics Finance International Sales What You Should Know: The BIG 3 1. EXIM and SBA offer Export Focused Programs – Export Working Capital Loans & Loan Guarantees – EXIM Express Insurance 2. Worldwide Credit Reports 3. Define payment terms Legal Considerations What You Should Know: The BIG 3 1. Export Compliance - Bureau of Industry and Security, Treasury Department, State Department Defense Controls 2. Intellectual Property Protection - www.StopFakes.gov 3. International Contracts - Agent and Distributor Agreements - Tax Implications Logistics What You Should Know: The BIG 3 1. Supply Chain Management 2. INCOTERMS 3. AES Direct Contact Us Connect with a World of Opportunity Grand Rapids U.S. Export Assistance Center Kendra Kuo, Office Director Tel: 616-458-3564 kendra.kuo@trade.gov East Michigan U.S. Export Assistance Center Richard Corson, Office Director Tel: 248-975-9600 richard.corson@trade.gov Detroit U.S. Export Assistance Center Sara Coulter, Office Director Tel: 313-872-6794 sara.colter@trade.gov export.gov | 800.USA.TRADE Questions?