March 2, 2017   Facebook Twitter   LinkedIn   Instagram

Helping Utah Companies Think, Act and Succeed Globally

CEO Derek Miller

President's Message
Derek B. Miller, World Trade Center Utah

If you want to know how globally connected we are here in Utah, take a look at the number of diplomatic luncheons taking place in the state. For example, within the first week and a half in March we have two scheduled diplomatic events:

These events provide incredible opportunities to build cultural relationships, connect our government, education and business leaders with foreign dignitaries and foster good will. We are fortunate to have so many organizations and people in Utah with global connections that make these diplomatic events possible.

The best way to stay up-to-date on the diplomatic events that have been scheduled is to connect with us on Facebook, Twitter and LinkedIn. Seats are limited and typically fill up quickly.

Happy exporting!

Join Us for the International Women's Day Celebration

Join World Trade Center Utah and the Salt Lake Chamber Women's Business Center for the International Women's Day Celebration, Mar. 8 from 3 to 5 p.m. at the Salt Lake Chamber.

The event features networking opportunities, a panel discussion moderated by WTC Utah President and CEO Derek Miller that focuses on how you can take your products to international markets, delicious food and great company.

Panelists for the event include:

  • Colleen Loveless, Love-Less Ash Company
  • Liz Kennard Butcher, Butcher's Bunches
  • Shelby Peterson, U.S. Commercial Service
  • Julianna Christie, Gray Matter Consulting, LLC
  • Ariel Briggs, Utah Governor's Office of Economic Development

Register here.

Going Global: S&S Worldwide

It's safe to say that Logan-based S&S Worldwide is doing its part to keep the world in motion. The company recently announced it will build 17 new ride projects in six countries in 2017.

As the largest U.S. manufacturer of major amusement rides and roller coasters, the company has previously installed more than 450 rides and roller coasters in more than 30 countries.

The 2017 project lineup includes the following:

  • Dutch Wonderland, Lancaster, Pennsylvania: Family Inverted Coaster
  • Fuji-Q Highland, Fujiyoshida, Japan: Dodonpa Loop (ride enhancement)
  • Happy Valley Chongqing, Chongqing, China: Space Shot and Turbo Drop
  • Hersheypark, Hershey, Pennsylvania: Triple Tower Complex
  • Huayi Brothers Movie World, Suzhou, China: Combo Tower
  • Nagashima Spa Land, Nagashima, Japan: 4D Free Spin Coaster
  • Playland's Castaway Cove (delayed opening), Ocean City, New Jersey: Triple-Launch Coaster
  • Port Aventura Ferrari Land, Salou, Spain: Combo Tower
  • Six Flags Great America, Chicago, Illinois: 4D Free Spin Coaster
  • Six Flags New England, Agawam, Massachusetts: 4D Free Spin Coaster
  • Six Flags Over Texas, Arlington Texas: 4D Free Spin Coaster
  • Sun Tzu Cultural Park, Shandong, China: Air-Launch Coaster
  • Sun Tzu Cultural Park, Shandong, China: Space Shot and Turbo Drop
  • Wanda Harbin Amusement Park, Harbin, China: Space Shot and Turbo Drop
  • Weihai Rio Carnival, Weihai, China: Space Shot and Turbo Drop
  • Combo Tower ride projects in the Middle East and Southeast Asia – specific park locations yet to be announced

In announcing the 17 projects for 2017, President and CEO Tim Timco called attention to his team at S&S and the creative ideas that will come to fruition with the new rides. "It is exciting to know that these new S&S rides will be bringing extra thrills to amusement park guests all over the world this year," he said. "As S&S continues to grow as a world leader in the engineering and manufacturing of amusement rides, we feel very fortunate to be able to contribute to the overall success of the amusement industry."

Founded in 1994, S&S engages in the design, engineering and manufacturing of amusement rides, tower rides, children's rides and roller coasters for landmark parks and smaller venues worldwide. The company is known for its patented pneumatic air-launch technology and was listed in the Guinness Book of World Records for the first roller coaster to exceed 100 mph.

S&S first introduced the amusement industry to its innovative, air-powered Space Shot tower in 1994. The Turbo Drop tower and the popular Frog Hopper children's ride came shortly after that. S&S engineered the world's first air-launched coaster in 1999, and then pushed the thrill envelope even further by taking the air-launched coaster to more than 100 mph.

In 2002, S&S acquired Arrow Dynamics, a leading innovator in the design of tubular steel coasters. The acquisition added the expertise of several leading industry engineers to the S&S team and helped the company continue its innovation and success with the Screamin' Swing, exciting coaster products like the 4th Dimension, Free Fly and El Loco Coasters.

The company has since introduced a 20-seat rotating tower, 4D free-spin coaster, LSM "Triple Launch El Loco Coaster," and the new "family inverted coaster."

In 2012, S&S became a subsidiary of Sansei Technologies. The latter is a company established in 1951 in Osaka, Japan. It now includes six subsidiaries and three core businesses: amusement rides, stage equipment and elevators and escalators. For more information about S&S World Wide, visit S&S online or call 435-752-1987.

Doing Business in Singapore Seminar

If you're looking to grow your business, join World Trade Center Utah, the Salt Lake Chamber and U.S. Commercial Service for a "Doing Business in Singapore" seminar Mar. 16 from 9-10 a.m. at the Salt Lake Chamber, 175 E. 400 South, #600 in Salt Lake City.

Maggie Hanson Muse, minister counselor for commercial affairs, ASEAN for the U.S. Commercial Service, will keynote the seminar. RSVP here.

A New Frontier: Cuban Market Intrigues Businesses, but Future Remains Hazy

This article was written by WTC Utah President and CEO Derek Miller and Communications Director Jessica Nield and first published in Utah Business magazine. It is reprinted here with permission.

Fidel Castro, former president of Cuba and one of the century's most controversial leaders, passed away on Nov. 25, 2016 at the age of 90. Castro's death is one of a series of significant events over the last two years that have left people questioning what the future for Cuba looks like and how the country's relationship with the United States will evolve.

At this pivotal time in history, the Salt Lake Chamber and World Trade Center Utah are preparing to take a group of Utah business leaders to Cuba for a fact-finding mission in May. While the trade embargo imposed by the United States against Cuba is still in place, this trip will help Utah businesses position themselves as trade restrictions ease.

The History
Historically, the relationship between the United States and Cuba has been complicated. At the conclusion of the Spanish-American War, the United States gained control of Cuba. In 1902, Cuba was granted formal independence from the United States, but with stipulations. In an effort to maintain U.S. influence in the region, the Platt Amendment allowed the U.S. to intervene in Cuban affairs and prevented Cuba from acquiring foreign debt or selling land to other countries.

To improve relationships between the U.S. and Latin American countries, President Roosevelt rescinded the Platt Amendment more than 30 years after it was instated. Over the next several decades there was little political stability in Cuba. In 1959, revolutionary leader Fidel Castro successfully overthrew the president of Cuba and took control of the country, establishing a socialist state.

The United States government was initially open minded to Castro's leadership, hoping he might bring democracy to Latin America. However, after Castro legalized the Communist party and executed hundreds of Cubans who opposed his regime, the U.S. broke off diplomatic ties. During this time, Castro formed a close relationship with the Soviet Union and began to accept subsidies from the fellow communist nation.

Seeing Soviet alliance with Cuba as a threat, President Kennedy attempted to overthrow Castro through an invasion at the Bay of Pigs. This effort failed and worsened the already tense relationship. In 1962, the United States placed the embargo on Cuba that restricted travel and trade. This embargo, which remains in place today, severely hurt the Cuban economy and caused increased feelings of animosity toward the United States.

The Castro regime led to an influx of Cuban immigrants to the United States. These Cubans traveled across the ocean in often dangerous circumstances to escape oppression and persecution. Since Castro took power, the number of Cuban Americans has grown from an estimated 125,000 people to about 2 million. There is a strong anti-Castro feeling among Cuban Americans, and many have mixed feelings about engaging with Cuba under its current administration.

The economic embargo on Cuba has forced American businesses to watch from the sidelines for more than 50 years as other countries traded with Cuba. A mere 90 miles from the United States, Cuba has been heralded by U.S. businesses as the last great frontier.

Looking Forward
In recent years, the icy relationship between the United States and Cuba started to thaw. In Dec. 2014 President Barack Obama and Cuban President Raúl Castro, who took over for Fidel more than eight years ago, announced the restoration of full diplomatic ties between the U.S. and Cuba, including the reopening of embassies. Since that time travel restrictions have been eased, bilateral cooperation in the science and arts has increased, and Obama visited the island nation—the first president to do so in almost 90 years.

In the midst of this trajectory change for the Cuba/U.S. relationship, the death of Fidel Castro and election of Donald Trump have caused a new wave of unknowns. Some people believe the death of Fidel Castro will open up the door for significant political reform in Cuba, while others predict Castro's death will create a nostalgic desire to return to socialist roots.

President Trump has said he is open to continuing discussions with Cuba, but insists the country will have to make changes before the U.S. is willing to make concessions. He wrote on Twitter, “if Cuba is unwilling to make a better deal for the Cuban people, the Cuban/American people and the U.S. as a whole, I will terminate deal.”

Reversing the progress Obama has made with Cuba would not be a simple task, but it is possible. Most of the changes made by Obama were done through executive action, so it is within the power of Trump to reverse the policies. Whether Trump will do so remains to be seen, since airlines and tourism-related businesses have already made significant investments in Cuba.

Preparing for Change
No one knows when the trade embargo will be lifted, but it is important for businesses to be ready to jump on opportunities as soon as they become available. The exploratory trip to Cuba May 3-10 led by the Salt Lake Chamber and World Trade Center Utah is a great opportunity to explore Cuba's business environment and culture. U.S. businesses that enter the Cuban market first will have a competitive advantage. When there are so many unknowns in the equation, preparation and positioning will be crucial to success.

Outbound Trade Mission to Nagoya and Tokyo, Japan

Sign up now for the Outbound Trade Mission to Japan, sponsored by the Western U.S. Agricultural Trade Association (WUSATA®) and the 13 Western State Departments of Agriculture.

The trade mission takes place June 26-30 and the registration deadline is April 10, 2017. Cost is $350.

With sophisticated and affluent consumers, this key market continues to provide an excellent opportunity for Western U.S. food exporters. Japan is the largest net importer of food products in the world. With this need for imported food and the demand for high-quality U.S. consumer food products, companies should seize this opportunity to make advances in the market.

Participants will have opportunities to meet one-on-one with pre-screened buyers and decision makers from Japan looking for high-quality U.S. products, showcase and promote their products to some of Japan's most influential buyers, gain information about importer/buyer needs and preferences and participate in the WUSATA section of the Agricultural Trade Office's Product Showcase.

Suitable products include, but are not limited to: meat, seafood, fresh and frozen fruits and vegetables, baking mixes, food preparations, nuts, confections, sauces and spices, wine, beer and other consumer oriented items.

For more information or to register click here.

Upcoming Events
Mar. 6 Ambassador of Austria visit
Mar. 8 International Women's Day Celebration: Exporting Ideas Abroad!
Mar. 10 Deputy Ambassador to the European Union - 8:30 to 10 a.m.
Mar. 15-23 Korea and Taiwan Trade Mission
Mar. 16 Doing Business in Singapore - 9 to 10 a.m.
April 14 Utah Economic Summit
April 26-27 Complying with U.S. Export Controls SLCC
May 3-10 Cuba Trip

News Headlines

UB Insider #39: Helping small and medium businesses export

A new frontier: Cuban market intrigues businesses, but future remains hazy

Senator Lee talks trade and reinvigorating America's middle class at WTC Utah forum

A bullish case for copper

Peru's president talks growth, trade and 'bridges' with trump

Trump is off to a slow start on trade promises

U.S. set to rival Russia in oil and natural gas exports

Top imports, exports by state

This email was sent to *|EMAIL|*
Why did I get this?    unsubscribe from this list    update subscription preferences