FITA
 
 
  Wednesday, June 20, 2007 Issue 164 Volume 7 Number 13  
This issue sponsored by Global Sources

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IN THIS ISSUE:
• CANADA
Our Featured Country
• FITA TRADEDOX 360 PRO STREAMLINES YOUR LETTERS OF CREDIT
Free Automation of Letter of Credit Documentation
• TAXING MATTERS AT THE IRS INTERNATIONAL BUSINESS PAGE
US International Taxation Information
• LEARN HOW TO DO (ALMOST) ANYTHING AT VIDEO JUG
Step-by-step Video Guides to Life's Most Important Issues
• FITA CAREER HEADQUARTERS - FEATURED JOB
Director, International Trade Affairs

Hello International Traders!

John McDonnell here, with more sites to help you achieve success in international trade.

Canada has many opportunities for trade, and I have a site in this issue that will open some of those opportunities for you. Need to streamline and mistake-proof your Letters of Credit? Check out the link to FREE FITA-sponsored software that I have below. I also found a site from the Internal Revenue Service to help you stay on top of international tax issues. Finally, I found a site with free how-to videos on just about every subject imaginable.

And don't forget -- if you'd like more information about international trade, go to FITA's Really Useful Links ( http://fita.org/webindex ), which has a link library of more than 8,000 sites related to international trade.

CANADA
Our Featured Country

For many U.S. companies, foreign trade means trade with Canada. Canada is the largest trading partner of the U.S., accounting for 23 percent of U.S. exports in 2005. It's even more obvious on the other side: Canada shipped more than 84 percent of its exports to the U.S. in 2005. Actually, Canada is a promising trade partner for any business worldwide -- it has an affluent, trillion-dollar economy with sound fiscal management, and a free market system. If this sounds like a country you'd like to research, a good site to visit is the Canadian Embassy in Washington ( http://www.canadianembassy.org/business/canada-en.asp ). Just click through the links at this site, and you'll find a wealth of resources for trade, including: statistics, investment opportunities, trade leads, market reports, government contacts, travel tips, a trade calendar, the text of trade agreements, industry profiles, laws & regulations, tax information, useful links, and much more.

You'll also find plenty of good research at the Canada Mini Portal ( http://fita.org/countries/canada.html ), a feature of the FITA Web site. The Canada Mini Portal has an overview of the country, with facts about the language, currency, climate, etc., plus more specific information about the economy, Canadian markets, taxes, labor market indicators, and tips on doing business in Canada.

Click on "Useful Links" and you'll find a variety of sources for market research, trade leads, business directories, logistics, government contacts, travel, financing, and lots more.

The Canada Mini Portal is one of many research gateways at the FITA site. To find Mini Portals for other regions or countries, just click on "Country Profiles" from within a Mini Portal, or at the FITA home page ( http://www.fita.org ).

FITA's Global Trade Book Store has some excellent books about doing business in Brazil. Check out Exporting to Canada: A Guide for American Companies, Success Secrets to Maximize Business in Canada and Canada Business: The Portable Encyclopedia for Doing Business With Canada.

There are 19 FITA member associations in Canada. Click here to search the FITA Member Directory for links to their websites.

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FITA TRADEDOX 360 PRO STREAMLINES YOUR LETTERS OF CREDIT
Free Automation of Letter of Credit Documentation

Anyone who does international trade understands the importance of Letters of Credit. These documents are the preferred payment and financing systems for many transactions, because they increase security and lessen risk for all parties involved. Unfortunately, many companies make mistakes in their Letter of Credit documentation, which causes banks to slow down or even stop the payment process. Now, there's an easy and free solution to the Letter of Credit problem -- FITA TradeDoX 360 Pro ( http://fita.org/tradev/ ). This new FITA sponsored software helps you streamline the trade documentation process and eliminate costly and time-consuming errors. TradeDoX’s Documentary Credit Collaboration module allows the importer and exporter to collaborate on the details of the documentary credit, which means that everything is worked out before the importer requests payment guarantees from its bank. This collaboration speeds up the payment process by delivering trade finance documents that are in line with the bank's terms. The software is controlled and managed by you on your company's computers, so you have complete control and security over your trade data. You can get a free copy of the TradeDoX 360 Pro software by registering at the FITA site, and it's certainly worth a look.

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HOW TO SOURCE CHINA PRODUCTS AT LOW FACTORY PRICES
Global Sources Online

http://www.globalsources.com

Global Sources - sourcing magazines
http://www.globalsources.com/mag

Sourcing wholesale from China used to be a tough job. You could get low prices – but all too often you’d also get low quality.

Things have changed. Now, Global Sources Online features thousands of pre-screened suppliers offering factory prices on top-quality products.

In addition, their industry-specific sourcing magazines provide even more qualified suppliers. Every issue includes contact details for hundreds of manufacturers – so buyers can find the right people in order to make their best deals.

"Really Useful Sites" subscribers can also receive a FREE sample copy of any of their 12 different sourcing magazines. To request a copy, click on any of the following titles:

Auto Parts & Accessories
Baby & Children’s Products
Computer Products
Electronic Components
Electronics
Fashion Accessories
Garments & Textiles
Gifts & Premiums
Home Products
Hardware & DIY
Security Products
Telecom Products

Global Sources makes it easy to buy factory-priced products from China with greater confidence than ever before. To search thousands of suppliers, go to www.globalsources.com.


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TAXING MATTERS AT THE IRS INTERNATIONAL BUSINESS PAGE
US International Taxation Information

As one wag said, the U.S. tax code "is about ten times the size of the Bible -- and, unlike the Bible, contains no good news." The U.S. isn't alone in collecting taxes, of course, and anyone engaged in international business is going to have taxes to pay, probably to multiple countries. A good resource for keeping up with U.S. tax news is the IRS International Business page ( http://www.irs.gov/businesses/international/ ). There are links here to forms and schedules, articles about international taxation, tax treaties, lists of IRS offices around the world, news & events, and more.

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LEARN HOW TO DO (ALMOST) ANYTHING AT VIDEO JUG
Step-by-step Video Guides to Life's Most Important Issues

My father was one of those people who could fix anything, and when I bought my first home I would call him up and ask "How do I. . ." about a whole range of topics. My Dad passed away ten years ago, but now when I have a question, I go to the Internet. There are a host of sites where you can get advice on how to do just about anything, and now there's one called Video Jug ( http://www.videojug.com ) with videos that demonstrate the answers to your questions -- and these questions can cover almost every topic you can imagine. Just take a look, and you'll find free videos on buying a car, hanging a door, giving a foot massage, asking someone for a date, improving your golf swing, playing Texas Hold 'Em, and lots more.

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FITA CAREER HEADQUARTERS - FEATURED JOB
Director, International Trade Affairs

In the FITA Career Headquarters job seekers can now apply for jobs online and post their resume--free of charge--in an exclusive database that will be searched by hundreds of industry employers seeking employees with international degrees and/or related work experience. Featured job this week is for an Director, International Trade Affairs for Diageo, Inc., the world's leading premium drinks business. Click here to browse more than 700 other positions!

Employers - Click here to advertise your job openings on FITA's Career HQ.

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ADVERTISING
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We welcome our subscribers to publish this whole issue or articles from it. But please note that all material is copyrighted by FITA and must be copied with the following attribution:

"This is copied from the newsletter Really Useful Sites for International Trade Professionals, a free, bi-weekly email publication of FITA - The Federation of International Trade Associations. Please feel free to subscribe to this newsletter at http://fita.org/useful."

If you'd like to see all back issues of Really Useful Sites for International Trade Professionals, the full list is at http://www.fita.org/useful/archives.

Published by Federation of International Trade Associations
Copyright 2007 Federation of International Trade Associations. All rights reserved.

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