Press Releases

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...

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...