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 Latest Export Report

End of Year 2016

 


Registration Open for Governor-led Trade Mission to Singapore and Vietnam

News Release     Registration Open for Governor-led Trade Mission to Singapore and Vietnam Salt Lake City – World Trade Center Utah (WTC Utah) is currently accepting registrants for the Governor-led Singapore and Vietnam Trade Mission, which will occur Aug. 25 through Sept. 3. “Trade missions put Utah companies in front of potential partners and customers, which establishes trust and leads to increased opportunities,” said Derek B. Miller, president and CEO of WTC Utah. “Having the Governor lead the Singapore and Vietnam trade mission will open doors to companies traveling to support their international efforts. Any company considering expanding into Asia should attend.” The registration form can be found at www.wtcutah.com and must be submitted by July 11, at which time a non-refundable $500 deposit is also due. During the trade mission, attendees will participate in the following: Market specific briefings by in-country experts and the U.S. Commercial Service Pre-arranged and customized business-to-business meetings through the U.S. Commercial Service’s Gold Key Matchmaking Service Site visits VIP networking receptions for business leaders and elected officials Vietnam and Singapore are prime markets for companies looking to export their products to Asia. Vietnam is expected to have the second strongest average GDP growth between now and 2050, exceeding 5 percent a year on average. Both countries have a growing middle class and are recognized for their ease of doing business. Household spending in Singapore is projected to increase 11 percent by 2018. The trade mission is hosted by WTC Utah in partnership with Zions Bank, U.S. Commercial Service, the Small Business Administration and the Utah Governor’s Office of Economic Development. Companies looking...

Derek B. Miller Statement on President Trump’s Changes to Cuba Policy

News Release SALT LAKE CITY – World Trade Center Utah (WTC Utah) President and CEO Derek B. Miller released the following statement about President Trump’s revised Cuba policy: “Just last month I was on a fact-finding mission to Cuba with my colleagues at the Salt Lake Chamber exploring opportunities for Utah companies if the U.S. embargo was lifted. I marveled at the resourcefulness of the Cuban people and was intrigued by the potential for collaboration between Utah and Cuba in areas such as tourism, exporting and infrastructure development,” said Derek B. Miller, president and CEO of World Trade Center Utah. “While there is virtue in President Trump’s focus on human rights, the best way to accomplish that goal is through building relationships and increasing mutual understanding, not through isolating policies and posturing.” ### 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...

Salt Lake Chamber and World Trade Center Utah submit comments to federal register regarding NAFTA

Following up on their February 2017 open letter to Utah’s congressional leaders, the Salt Lake Chamber and World Trade Center Utah recently submitted comments to the federal register regarding forthcoming North American Free Trade Agreement (NAFTA) negotiations. The letter was addressed to the chair of the Trade Policy Staff Committee and reiterated the essential role trade plays in Utah’s economy as well as the business community’s commitment and vested interest in advocating for the improvement and modernization of existing free trade agreements. Mexico and Canada are especially important trade markets for Utah companies. To illustrate, Utah exports to Canada have grown 40 percent over the last 10 years, and our exports to Mexico have grown 231 percent during that same time frame. A section of the comments read, “as representatives of Utah’s business community, we understand that NAFTA needs to be updated in key areas like ecommerce and information technology. Such industries did not exist when NAFTA was first created and consequently have not been incorporated into the equation. While modernization is reasonable, the establishment of trade standards, protection of intellectual property rights, promotion of environmental protections, and the expansion of foreign markets that free trade agreements facilitate should not be abandoned. We hope to see NAFTA updated in such a way that will not upset the current trade Utah does with these neighboring countries.” To read the full comments sent to the Federal Register, click...

13 Utah Companies Receive Grants to Fuel Global Expansion

Press Release June 8, 2017 13 Utah Companies Receive Grants to Fuel Global Expansion Salt Lake County, UT— World Trade Center Utah (WTC Utah) awarded more than $70,000 in grants to Utah companies at Salt Lake County’s Metro Solutions event on June 8 to help offset the costs associated with global expansion. “We were thrilled to see the number of quality applicants that applied for the Utah Export Acceleration Grant,” said Derek B. Miller, president and CEO of WTC Utah. “The number of companies looking to take their products or services global is exciting for our state and illustrates that trade matters in Utah. We are excited to be part of the exporting journey of these companies.” These grants are the first of three rounds of funding from the Export Acceleration Grant, which is made possible thanks to a $200,000 contribution from JPMorgan Chase & Co. World Trade Center Utah and Salt Lake County previously worked with JP Morgan Chase & Co. and the Brookings Institution on the Global Cities Initiative (GCI). The outcome of GCI was a plan to increase exports in the Salt Lake metro area. The Utah Export Acceleration Grant is an important part of accomplishing this goal. With the export plan now underway, Salt Lake County hosted the Metro Solutions event to launch the next step of its global strategy for the county: its trade and investment plan. This plan highlights opportunities for local businesses to expand into global markets and provide more good-paying jobs. More than 300 regional business leaders attended Metro Solutions at the South Towne Expo Center to celebrate the launch of the...