The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. It empowers U.S. companies—large and small—to turn export opportunities into real sales. WTCGP is proud to support Ex-Im as it helps grow local businesses in the Greater Philadelphia area and beyond. If you would like a copy of this document, contact WTCGP at [email protected] or download a copy at this link. On Tuesday December 8 at the Roadmap for Growth 2015- 2016: A Vision for the City of Philadelphia launch event, the Greater Philadelphia Chamber of Commerce released its report of findings from its Roadmap for Growth initiative, which seeks to create a shared agenda with Mayor-elect Jim Kenney, City Council and Philadelphia’s business and civic community on economic growth and job creation. The report outlines four topic areas and further questions for discussion that can serve as the basis of a shared agenda. These areas include: Building Opportunities for Business Creation and Growth, Revitalizing Neighborhood Economies, Developing a Trained and Educated Workforce and Leveraging Our Infrastructure. (via Greater Philadelphia Chamber of Commerce)
As reported by the U.S. Department of Commerce Bureau of Economic Analysis:
The U.S. monthly international trade deficit increased in October 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion in September (revised) to $43.9 billion in October, as exports decreased more than imports. The previously published September deficit was $40.8 billion. The goods deficit increased %2.1 billion from September to $63.1 billion in October. The services surplus increased $0.6 billion from September to $19.2 billion in October. Exports of goods and services decreased $2.7 billion, or 1.4 percent, in October to $184.1 billion. Exports of goods decreased $3.1 billion and exports of services increased $0.4 billion.
Imports of goods and services decreased $1.3 billion, or 0.6 percent, in October to $228.0 billion. Imports of goods decreased $1.0 billion and imports of services decreased $0.2 billion.
Goods by geographic area (seasonally adjusted, Census basis)
Source/Full Report U.S. Deputy Secretary of Commerce Announces Healthcare Trade and Investment Mission to Peru12/10/2015
U.S. Deputy Secretary of Commerce Bruce Andrews today announced that he will lead a healthcare trade and investment mission to Lima, Peru from March 7-9, 2016. The trade mission will help U.S. companies launch or increase their business in Peru, focusing on pharmaceutical producers, medical device manufacturers, hospital operation and management services, hospital information systems, and eHealth solutions. “The U.S. business community can partner with Peru to provide world-class products and services to help meet the country’s growing healthcare sector,” said U.S. Deputy Commerce Secretary Bruce Andrews. “Working together, we can help Peru meet its healthcare needs while also generating economic growth, creating new jobs, and increasing prosperity for people in both the United States and Peru.” Peru will invest $2.6 billion over the next two years to build and improve a variety of infrastructure projects, including upgrading and equipping several hospitals and healthcare centers, new equipment, blood banks, and telemedicine systems. The Peruvian government's forward approach on prioritizing and enhancing the country's healthcare system to meet Peruvian's growing demand for quality healthcare and medicine will yield opportunities for U.S. suppliers of medical equipment and devices, U.S. pharmaceutical and biotechnology companies, and U.S. healthcare IT service providers. The healthcare trade and investment mission delegation will be composed of senior executives from 15-20 U.S. firms, representing the mission’s target sectors. Businesses interested in participating in this trade mission should complete an online application at the Peru mission website at www.export.gov/tradeamericas/trademissionperu2016. There will be a Webinar at 1:00 pm EST today, December 10, 2015 (Registration) For more information, you can contact U.S. Department of Commerce’s International Trade Administration at (202) 482-0057 or[email protected].
The application deadline for the trade mission is Monday, February 1, 2016. Source The American Indonesian Chamber of Commerce posted their monthly update of Outlook Indonesia: Good afternoon, As a City / State partner of the Export-Import (EX-IM) Bank of the United States, the World Trade Center of Greater Philadelphia (WTCGP) is pleased to advise you that with bipartisan support from both the Senate and House of Representatives, President Obama has signed EX-IM Bank's reauthorization into law on December 4, 2015. The long-term reauthorization will be in effect until September 30, 2019. Please note below the "EX-IM Bank Reauthorization Letter to Customers And Stakeholders". We look forward to working with Ex-Im Bank and our region's trade finance banks in supporting the financing needs of our exporters. Linda Mysliwy Conlin, President EX-IM Bank Reauthorization Letter to Customers and Stakeholders (via www.exim.gov) Related Content: Previous WTCPhila.org Ex-Im Bank News
Check out World Trade Center of Greater Philadelphia's WTC Review 2015 Issue No. 3, full of WTCGP updates, member highlights, business and trade announcements, events, and special reports. ![]()
On Wednesday, December 2nd, valued World Trade Center of Greater Philadelphia leadership partner Stockton University appointed Harvey Kesselman university president. Mr. Kesselman, a Stockton alum, takes on the role permanently after previously serving as the school's provost and interim president since April 2015. "I am excited by the opportunity to lead our wonderful university at this pivotal time," Kessselman said in a statement. "Enrollment is growing, and we are expanding our Galloway campus with two new academic buildings and a dramatic new entrance. We also are exploring a public-private partnership that would enable Stockton to expand its presence in Atlantic City and be a major part of its renaissance." World Trade Center of Greater Philadelphia CEOs' China Operations Club explores USTDA programs for export opportunities in the ever-growing China market On December 2nd the World Trade Center of Greater Philadelphia (WTCGP) held an engaging members roundtable discussion hosted by law firm White and Williams, LLP, with Mr. Carl B. Kress, Regional Director for East Asia, the Middle East, North Africa, Europe & Eurasia at the U.S. Trade & Development Agency. As Regional Director, Mr. Kress is responsible for developing and implementing USTDA's commercially-driven development program throughout China and other developing countries. Mr. Kress provided an overview of USTDA's programs and how the agency supports commercial deals in China that open the Chinese market to increased exports of U.S.-manufactured goods and services. USTDA is active in a variety of sectors in China, particularly transportation, energy, healthcare and the environment. The agency's program is driven by U.S. industry interest in specific sectors that can best position U.S. goods and services and welcomes U.S. company-driven proposals and suggestions for projects and events.
The CEOs' China Operations Club December gathering further expanded on how companies could become involved in the cooperation programs, industry conferences and workshops in the U.S. and the reverse trade missions of Chinese delegations coming to the states to meet with exporters. The conversation included tapping into shale gas development in China via related workshops and study tours in the U.S., clean energy and smart city opportunities and the water treatment challenges and opportunities. Following the formal presentation there was continued roundtable discussion on the USTDA programs, but also dialogue on WTCGP member company business influencers including the recent Chinese regulations in the food and agriculture industry like market access registrations, government-to-government dealings, and how to export specific products such as biological and health-care products. View full image gallery from this event (via Flickr) Companies interested in learning more about the WTCGP CEOs' China Operations Club are encouraged to speak with the CEOs’ China Operations Club manager Ron Drozd at 215-586-4248, [email protected].
(Reporting by Ron Drozd; Editing by Marcos Reynaga and Delaney Newhart) Brazil Business News and Updates for Opportunity Seekers via TradeBRZ at the Sao Paulo, Brazil WTC Business Tower In this month's edition of Brazil Buzz, Tradebrz discusses the future growth of Boeing in Latin America and what that growth means for Brazil's economy, as well as Brazil's influence as South America's largest economy and population. Check out the full report below |
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