for international trade professionals
  Thursday, December 2, 2010         Issue 252         Volume 10 Number 24 Read online previous issues
This Newsletter is sponsored by Global Sources
Dear International Traders,

We are pleased to announce the release of, a dynamic new resource for the worldwide international trade professionals. It combines a "Knowledge Resource" of content contributed by professionals worldwide as well as the first Directory of International Trade Service Providers.

We invite our subscribers to take a look, register (click on "Create profile" on the upper right corner of the home page) and start uploading your content in the form of text, pdf files, PowerPoint presentations, videos and RSS feeds.

And we especially invite service providers to set up their profiles and gain high visibility. In just 10 days, has already achieved the top spot on Google searches for "international trade service providers".

This week in Really Useful Sites we will:
• Learn about doing business in Luxemburg
• Read about the Global Competitiveness Report
• Save money with International Transportation Management Best Practices
• Get informed about tariffs worldwide with the Tariff Download Facility

Click here to read this issue on our website
Also in this issue:
Three Featured service providers this week

If you are a service provider:

Join and be featured as an expert
Featured job this week:
• Sales Manager Europe

If you are Employer:

Post Your Job Openings
Upcoming U.S. Commercial Service Events & Webinars:
• 6 events for Going Global


Our Featured Country

Thanks to its strategic location in the heart of Europe, Luxembourg is a gateway to a market of 500 million consumers, in spite of its tiny population of only 500,000. The proximity of three top industrialized countries in its immediate neighborhood (Germany, France and Belgium) has a great impact on the economy of Luxembourg.

The Luxembourg economy is mainly based on the service sector (84% of GDP), especially financial and real estate services. Luxembourg is one of the world's largest money markets and the second-largest investment location for funds managers in the world. The financial sector on his own represents almost half of Luxembourg's total GDP, which made it very vulnerable to the crisis. But an OECD forecast seems to foresee brighter days ahead. Have a look at the Country Summary.

Luxembourg is one of the most open economies of all the European Union member states. The share of foreign trade in the country’s GDP is around 300%, leading to a structural trading deficit mainly caused by its dependence on imported energy. Luxembourg does almost 90% of its foreign trade with EU countries, especially with its neighbors Germany, France and Belgium. For more information, consult Foreign Trade Statistics on the website of the National Statistical Institute of Luxembourg (STATEC).

The distribution market in Luxembourg is concentrated around 3 big groups: Cactus (the leader), Louis Delhaize and Auchan. Since Luxembourg has the highest per capita GDP in Europe, the distribution sector benefits from a high level of spending per capita. Indeed, distributors are trying to meet uncommon demand needs such as, for example, selling high-end perfumes in supermarkets!

Luxembourg has the highest rate of foreign direct investment per capita in Europe. Three-fourths of the FDI entering Luxembourg comes from European Union Countries, supporting mainly banking and insurance sectors. The competitiveness of Luxembourg companies is one of the highest in the world. Find more statistics on the website of the National Statistical Institute of Luxembourg (STATEC) and visit Invest in Luxembourg, the American Chamber of Commerce in Luxembourg and the U.S. Commercial Service in Luxembourg. The sites give extensive information about the market with news and business guides, and the Commercial Service programs conferences, trade missions and training. If that's not enough, you'll also find plenty of good research at the FITA Mini Portal of Luxembourg a feature of the FITA Web site. The FITA Mini Portal has an overview of the country, with facts about the language, currency, climate, etc., plus more specific information about the economy, markets, taxes, labor market indicators, and tips on doing business in Luxembourg.

The Luxembourg Mini Portal is one of many research gateways at the FITA site. To find Mini Portals for other countries, just click on "Country Profiles" from within a Mini Portal, or at the FITA home page.

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For a better understanding of opportunities of countries

The Global Competitiveness Report is published by the World Economic Forum an independent international organization committed to improving the state of the world by engaging leaders in partnerships to advance progress on key issues of global concern: governance, trade, health, etc.

The report contributes to the understanding of the key factors determining economic growth, helps to explain why some countries are more successful than others in raising income levels and opportunities. The Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), developed for the World Economic Forum by Sala-i-Martin. 12 pillars of competitiveness are took into account: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.

The report features 139 economies with detailed profile and comparative tables of over 100 indicators. Download the full report by clicking here.

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Get a head start on sourcing for 2011

You can begin sourcing for the New Year right now, even before the old year is over. Start a free subscription to any – or all – of the sourcing e-magazines published by Global Sources. Eighteen industry-specific titles offer new product profiles, market trends, industry news and product listings from hundreds of verified suppliers in China and throughout Asia. You can also click on any of the ads in the e-magazines to contact the advertiser instantly.

Act now! Download the December issues of the following titles FREE:

1. Auto Parts & Accessories
2. Baby & Children's Products
3. Computer Products
4. Electronics
5. Electronic Components
6. Fashion Accessories
7. Garments & Textiles
8. Gifts & Premiums
9. Hardware & DIY Products
10. Home Products
11. In-Car Electronics & GPS
12. India Products
13. Machinery & Industrial Supplies
14. Medical Products & Supplies
15. Security Products
16. Solar & Energy Saving Products
17. Sports & Leisure
18. Telecom Products

Each of the “verified” suppliers featured in the e-magazines has been visited by Global Sources at least 3 times to make sure it’s a real exporter, with real products and real employees. That means you can source with greater confidence.

Global Sources has been connecting buyers worldwide with suppliers in China for over 40 years through its magazines, online search directory and trade shows. Visit Global Sources Online to learn how their products and services can help your business grow.

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Tips for cutting your logistics costs

International Transportation Management Best Practices is a blog of news and analysis on managing transportation costs. Read its latest article : 10 Tips for Cutting Costs From your Logistics Budget

International Transportation Management Best Practices is run by Management Dynamics a leading provider of global trade management solutions that aims to improve the performance of global supply chains for importers, exporters, logistics service providers and carriers.

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Your database of customs duties

For a quick comparison of applied customs duties, have a look at the information provided by the World Trade Organization. Tariff Download Facility is a free database that contains comprehensive information on Most- Favoured-Nation (MFN) applied and bound tariffs. It complements the World Tariff Profiles 2010 a listing of the tariffs imposed by each WTO member on its imports, complemented with an analysis of the market access conditions it faces in its major export markets.

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Service Providers who will be Listed in the Directory of International Trade Service Providers

YILMAZ Law Offices, Law Firm in Turkey LLC, Business Consulting in China
Sentrum International Consultants, Translation Services in United States

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Export Trade Promotion Manager

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 a Sales manager Europe for Appleton Papers in their office in Germany. 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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U.S. Commercial Service Events and Webinars
Resources for Going Global

The U.S. Commercial Service, a division of the International Trade Administration of the U.S. Department of Commerce, sponsors and participates in many events and webinars that help U.S. exporters sell overseas and help overseas buyers learn about U.S. exports. The Commercial Service has a searchable database of these events worldwide at Below are some upcoming events:

The U.S. Commercial Service, a division of the International Trade Administration of the U.S. Department of Commerce, sponsors and participates in many events and webinars that help U.S. exporters sell overseas and help overseas buyers learn about U.S. exports. The Commercial Service has a searchable database of these events worldwide at Below are some upcoming events:

Secretary-Led High Technology Business Development Mission to India
In 2011 join Secretary of Commerce Locke on a mission to explore High Technology opportunities in India.
Webinar Series: Trade Winds 2011: Mexico and The Americas, December 17, 2010 and January 17, 2011; February 17, 2011; March 17, 2011.
How to Do Business with India, December 8, Washington, DC.
Trade Finance Conference: Finding Financing for Eastern Mid-Atlantic Exporters, December 8, Philadelphia, PA.
Executive Led Multi-Sector Trade Mission to Nigeria, March 8-10, 2011.
Trade Winds Forum - The Americas, April 6-12, Mexico City, Mexico.

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Do you have interesting website for International Trade?
Submit Your Website

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.

Please feel free to pass this newsletter on to others.

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