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End of Year 2016

 


Joint Statement on Trade Deal that will Allow U.S. Beef and Natural Gas Exports into China

Joint Statement by World Trade Center Utah President and CEO Derek B. Miller, Commissioner of Agriculture and Food LuAnn Adams and Utah Governor’s Office of Energy Development Executive Director Dr. Laura Nelson SALT LAKE CITY – The recent announcement of a trade deal that will allow U.S. beef and natural gas exports into China is a big win for Utah companies. This change will lead to new opportunities in a country that is already one of Utah’s top trading partners. Agriculture production and processing make up approximately 15 percent of total Utah GDP, and the cattle industry represents a sizable percentage of that. Many hard working, family-owned cattle ranchers across the state will have access to millions of new potential customers with this change. As exports increase, so will the stability of Utah’s economy. It is exciting to think about the positive reverberations this will have in rural communities. PMI Foods, a global enterprise located in Salt Lake City, is an example of a company that will see a boom in business thanks to this trade agreement. Offering a range of food products, PMI Foods is already positioning itself to jump head first into this new market for beef. Energy also plays an important role in Utah’s continued economic growth. As the Crossroads of the West for energy development and innovation, Utah is in a unique position to expand its global energy partnerships. Currently the state ranks 11th in the nation for natural gas production, contributing 408 billion cubic feet. Utah is home to abundant natural gas storage options, including innovative underground salt caverns, supplying highly flexible natural gas...

WTC Utah Presents Awards to Butcher’s Bunches and DWS at Cache Business Summit

News Release For Immediate Release April 25, 2017 WTC Utah Presents Awards to Butcher’s Bunches and DWS at Cache Business Summit LOGAN, UT – World Trade Center Utah (WTC Utah) presented Butcher’s Bunches with the Vanguard in International Business Award at the Cache Business Summit on April 20 at the Riverwoods Conference Center. WTC Utah also recognized the Bear River Service Area of the Department of Workforce Services (DWS) with the Champion for International Business Award. The jam for Butcher’s Bunches was originally created by founder Liz Butcher in response to a family health need. Butcher’s Bunches’ preserves are 100 percent natural without added sugars, artificial preservatives or chemicals. After Butcher began selling her jams at local farmers markets, she quickly discovered there was a significant demand for her product. She has since expanded into retail locations across the state and some locations throughout the world. “We are pleased to recognize Butcher’s Bunches with a Vanguard in International Business Award,” said Derek B. Miller, president and CEO of WTC Utah. “Butcher’s Bunches is an example to all businesses in Cache Valley, both large and small, that every company can reap the benefits of international trade.” Butcher’s Bunches sells its popular jams in Asia, Canada, Great Britain, France, Australia and Dubai. Approximately 11 percent of the company’s sales come from international markets. Butcher’s Bunches was recognized in the United Kingdom as the “Queen’s Tea” jam. It has also captured the attention of Chip and Joanna Gaines, stars of the hit TV show Fixer Upper. In addition to presenting Butcher’s Bunches with an award, WTC Utah also highlighted the work being...

Utah Congressional Delegation Listens to Companies Share Importance of International Trade

News Release April 19, 2017 Utah Congressional Delegation Listens to Companies Share Importance of International Trade Salt Lake City – Representatives Bishop, Chaffetz, Love and Stewart joined 40 business leaders and Gov. Herbert at World Trade Center Utah (WTC Utah) yesterday to discuss the importance of trade for Utah’s economy. World Trade Center Utah and the Salt Lake Chamber hosted this event to give business owners the chance to share the opportunities and challenges they face as they grow globally. “In Utah, international business is big business, and a critical element of the state’s robust economy,” said Derek B. Miller, president and CEO of World Trade Center Utah. “Yesterday’s meeting connected Utah’s economic drivers, its companies, with policy makers. This kind of collaboration is what makes the state’s economy one of the strongest in the nation.” The business leaders in attendance represented both large and small businesses. One technology entrepreneur talked about how he relied on export resources at World Trade Center Utah and the U.S. Commercial Service when he was just getting his business started. He stressed the need to spread awareness of these services to all areas of the state. Attendees voiced concerns about the anti-trade and anti-immigration rhetoric in Washington D.C. A representative from a Utah company stressed the importance of finding employees with the right skills either through training or recruitment internationally. A lack of skilled labor will reduce productivity and hinder economic growth. Another individual shared that his company exports almost 90 percent of product outside the U.S. and asked the congressional representatives to be aware of how other countries could respond to isolationist...

Derek B. Miller Statement on Trump, Xi 100-day Plan to Improve Trade Ties

News Release For Immediate Release Derek B. Miller Statement on Trump, Xi 100-day Plan to Improve Trade Ties SALT LAKE CITY – World Trade Center Utah (WTC Utah) President and CEO Derek B. Miller released the following statement about the outcome of President Trump’s meeting with Chinese President Xi Jinping: “I applaud the efforts by the Trump administration to bring down trade barriers in China. Better market access will allow Utah companies to increase their customers in this important region,” said Derek B. Miller, president and CEO of World Trade Center Utah. “China is the world’s second largest economy and one of the state’s top trading partners. Utah businesses, particularly those in the food and agriculture industry, will benefit as the U.S. ensures free trade with China is also fair trade.” ### About World Trade Center Utah (WTC Utah) wtcutah.com The mission of World Trade Center Utah (WTC Utah) is to help Utah companies think, act and succeed globally. WTC Utah accomplishes this mission through three key objectives. First is to motivate and educate Utah businesses to expand their global presence through training seminars, regional forums and newsletters focused on international business development, trade issues and export opportunities. Second is to build capacity of Utah businesses for international trade through B2B consultations to identify expansion goals, assess current capabilities, determine overseas opportunities and connect companies with market experts and potential partners. Third is to expand global network of Utah businesses through trade missions and networking with foreign trade...

GOED Names World Trade Center Utah as Official International Business Promotion Organization

News Release For Immediate Release Contact: Aimee Edwards GOED Communications Director (801) 538-8811 edwards@utah.gov Jessica Nield WTC Utah Communications Director (801) 814-3491 jnield@wtcutah.com GOED Names World Trade Center Utah as Official International Business Promotion Organization SALT LAKE CITY (April 6, 2017) – The Governor’s Office of Economic Development (GOED) has contracted with World Trade Center Utah (WTC Utah) to oversee the state’s international business promotion activities. “This formal, contracted partnership will leverage WTC Utah’s public-private partnerships for significant cost savings and increased efficiency in the state’s international business efforts,” said Val Hale, executive director of GOED. “World Trade Center Utah is a capable and trustworthy partner, and we look forward to expanded global business opportunities for the state.” GOED will retain all government-to-government relations and formal diplomacy efforts through Franz Kolb, director of diplomacy and protocol. In addition to its current activities, WTC Utah will assume managing responsibility for trade missions, trade shows, international business education for urban and rural communities statewide and will play a key role in pursuing foreign direct investment (FDI). WTC Utah will also provide international market analyses and data measuring Utah’s international activities. “The mission of WTC Utah is to help companies find more customers, expand their markets, and grow their business. The addition of trade missions, trade shows and FDI is a natural extension of our current services and will enhance our ability to help create jobs and expand Utah’s economy,” said Derek B. Miller, president and CEO of WTC Utah. “Our team is excited to lead the state’s international business promotion efforts and help realize the governor’s vision to make Utah a...