FITA
 
 
  Wednesday, June 10, 2009 Issue 215 Volume 9 Number 12  
This issue sponsored by the BIS/FITA Trade Compliance Seminars TELL A FRIEND
IN THIS ISSUE:
• PORTUGAL
Our Featured Country
• US TRADE COMPLIANCE
A Confusing Concept
• UNFAIR BUSINESS PRACTICES
Business is Not Always Fair!
• INTERNATIONAL COUNCIL FOR COMMERCIAL ARBITRATION
A Guide to Resolving Disputes
• FITA CAREER HEADQUARTERS - FEATURED JOB
International Public Relations Specialist

Hello International Traders!

With 10 million inhabitants, Portugal is a small European country. But trade and investment opportunities are to be found there. Visit these links to learn more about the country. Trade compliance is a major concern when doing business abroad. But the concept is complicated. Take a look at a few sites that can help. Trade and business practices can be unfair. Better to be aware and informed rather than be cheated! Read some stories and cases on this blog dedicated to unfair business practices. When involved in disputes, arbitration can be a good resolution. Get information about it from the website of the International Council for Commercial Arbitration.

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

PORTUGAL
Our Featured Country

When exploring new markets in Europe, don’t forget Portugal. Located on the Atlantic coast, in the south-west of the European continent, the country can be interesting for investment, imports or exports. Purchasing power is weak at the moment. The government’s priority is to revive the economy, stimulate employment and increase standards of living and consumer spending.

Main import products are machinery and transports commodities, chemicals, petroleum, textiles and agricultural products. Imports of consumer goods are low, although there may be some room in the market for innovative products. And there are many opportunities for foreign companies to invest in Portugal. To boost the recovery, the government has launched large infrastructure projects (highways, trains, airports, hydraulic dams) and privatized public utilities.

In terms of overall competitiveness, the World Economic Forum’s Global Competitiveness Report on Portugal ranks it 43rd position out of 134 countries. Fisheries and agriculture account for about 4% of the GDP, employing 13% of the labor force. The tertiary sector (trade, transport, telecommunications, tourism) has grown, producing 66% of the GDP and jobs for 52% of the working population. The remaining 30% of GDP is mainly produced by the building and energy sectors (oil refineries, petrochemicals, cement electrical equipment). Agricultural products, wood and paper products, combustibles, chemicals, textile, clothing and footwear, machinery and electrical equipment are the country’s main export items.

For an economic overview of the country, you can find statistical data on the website of the Bank of Portugal. And to learn more about investment in or to sourcing from Portugal, visit Portugal Global.

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US TRADE COMPLIANCE
A Confusing Concept

Trade compliance in the US is an often overlooked but crucial aspect of international business. Unfortunately, there are several definitions of it, as it encompasses several concepts and involves many different government agencies. A general definition would be that trade compliance is the need to obey laws, rules and regulations regarding the goods and services entering and leaving a country and the companies and countries involved in importing or exporting.

The main US government agencies that deal with the various aspects of trade compliance include:

The FITA website has a number of links to resources about international trade compliance. Take a look at FITA's Useful Links for Trade Compliance. And the Association of Trade Compliance Professionals and the International Compliance Professionals Association are organizations that can be of great assistance in dealing with compliance issues.

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TRADE COMPLIANCE SEMINARS FROM FITA AND THE BIS
http://www.fita.org/seminars
Complying with U.S. Export Controls (July 28 - 29, 2009) and Encryption Controls (July 30, 2009)
Crystal Gateway Marriott, Arlington, VA - co-sponsored by USDOC - BIS and FITA

Complying with U.S. Export Controls ( 2 days - July 28&29, 2009) - led by Bureau of Industry & Security (BIS)'s professional counseling staff, provides an in-depth examination of the Export Administration Regulations (EAR). The program will cover the information exporters need to know to comply with U.S. export control requirements on commercial goods. For more information and to register, go to www.fita.org/seminars.

Encryption Controls (3/4 day - July 30, 2009) - an in-depth session that will focus on the unique provisions related to encryption under the Export Administration Regulations (EAR). Bureau of Industry & Security (BIS) encryption specialists will cover a variety of topics, including how items with encryption functionality are classified under the EAR. Presenters will be available for Q&A the afternoon of the program to address specific questions of attendees. Required prerequisite: Essentials of Export Controls or Complying with U.S. Export Controls or equivalent experience. For more information and to register, go to www.fita.org/seminars.

For Vendor or Sponsorship opportunities contact Kim Park kpark@fita.org or 703.929.3672.


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UNFAIR BUSINESS PRACTICES
Business is Not Always Fair!

Business conspiracy, breach of fiduciary duty, misappropriation of trade secrets and other proprietary information, fraud, tortuous interference with contracts… Trade is profitable but can be unfair. Do you want to protect yourself? To be informed about unfair practices, get examples and information about real cases. The Unfair Business Practices blog focuses on unfair business and trade practices. Read its articles and beware!

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INTERNATIONAL COUNCIL FOR COMMERCIAL ARBITRATION
A Guide to Resolving Disputes

The International Council for Commercial Arbitration (ICCA) is a worldwide non-governmental organization dedicated to promoting and developing arbitration, conciliation and other forms of international dispute resolution. Its conferences, publications and spotlights can help save money and time in litigation and lawyers fees. Take a look at the list of useful links. One of the difficult aspects of using arbitration is the difficulty in identifying the relevant international treaties and national laws. Just click to find what you need.

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FITA CAREER HEADQUARTERS - FEATURED JOB
International Public Relations Specialist

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 this week is a listing for an International Public Relations Specialist for NPES, a printing trade association in Reston, VA. Click here to browse more than 700 other positions!

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

Let the jobs come to you! Employers are looking for people with international skills. Post your resume TODAY and reap the rewards of the FITA Career HQ! And with a FITA Career HQ job agent, you can decide what kind of job you are looking for and let the system do the searching for you. Simply set up specific search parameters in a Job Agent, and whenever a job is posted that matches your criteria, you'll be notified automatically via email. It's that easy!

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