REALLY USEFUL RESOURCES
for international trade professionals
  Thursday, January 20, 2011         Issue 255         Volume 11 Number 2 Read online previous issues
This Newsletter is sponsored by Import Genius and Global Sources
Dear International Traders,

We are pleased to announce the release of GlobalTrade.net, 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 2 months, Globaltrade.net has already achieved the top spot on Google searches for "international trade service providers".

This week in Really Useful Sites you will:
• Learn about doing business in India
• Find out about trade barriers between in hundreds of countries at Global Trade Alert
• Get the latest advice about using social media in your business at Social Media Examiner
• Learn how to start importing from China from Global Sources

Click here to read this issue on our website
Also in this issue:
Follow Us
Three featured service providers this week.

If you are a service provider:

Join GlobalTrade.net and be featured as an expert
Featured job this week:
• Import/Export Compliance Administrator

If you are Employer:

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

Participate
REALLY USEFUL SITES

India
Our Featured Country
http://commerce.nic.in/

India is the second most populous country in the world and the world's 11th largest economy in terms of GDP. Its economy is mainly based on services, which contribute to more than half of the GDP, thanks to the Software and the New Information Technologies (NIT) sectors. Industry accounts for 28% of GDP, led by the textile and chemical industry sectors. India is also the world's fourth agricultural power. Agriculture contributes to about 20% of GDP and employs close to two-thirds of the active population. For more information, you can consult the last report of the Federation of Indian Chambers of Commerce and Industry on the Current state of Indian Economy.

India was a protectionist state for a long time. More recently the country has become progressively more open to international trade. It recently signed free trade agreements with South Korea and the ASEAN nations, and has entered into negotiations with several partners (EU, MERCOSUR, Australia, New Zealand, South Africa). The country imports petroleum, jewelry materials such as gold and diamonds, coal, electrical equipment and aircraft. It exports iron, pharmaceuticals, automobiles, rice and textile products. As imported products are of higher value added than exported products, India maintains a high commercial deficit. See more details about most popular products traded between India & United States (imported or exported) on the website of the US Census Bureau. For more statistical data on Indian foreign trade, you can visit the website of the Ministry of Commerce & Industry.

For retail distribution most Indian manufacturers use traditional methods: redistributors, wholesalers and retailers. However, with the development of large shopping malls throughout the country, manufacturers now supply directly to large retail outlets at discounted prices. For a long time, retailing was forbidden to foreign direct investors, who needed to find a local partner to enter the market. But recent initiatives taken by the government to open up the sector for foreign players have lured many new foreign companies to enter the Indian retail industry.

Thanks to advantages such as a high rate of specialization in services, a skilled English-speaking labor force, a potential market of one billion inhabitants and incentives (tax holidays, tax concessions, Special Economic Zones (SEZs), bilateral investment protection), India is attracting more and more foreign investment, especially in the service sector (21% of the total of FDI) and the computer software & hardware sector (9%). For more information, consult the India Finance and Investment Guide from the Foreign Investment Promotion Board.

EntryIndia is a website devoted to companies that want to enter the Indian market as either investors or exporters. Its website offers news, market reports and general information about doing business in India.

Visit also the websites of the Indian Embassy to the United States the American Chamber of Commerce in India. And the website of U.S. Commercial Service in India offers 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 India 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 India.

The India 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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Global Trade Alert
Monitoring of policies that affect world trade
www.globaltradealert.org

Global Trade Alert provides real-time information on worldwide governments’ measures that are likely to affect foreign commerce. Among its services is a database that allows you to search for governments’ actions that affect specific types of trade issues worldwide. Find recent measures and news on the home page. Consult the database to search by criteria.

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Improve Supplier Research with Import Genius Search Tools for U.S. Customs Records
Claim your Free Trial with Promo Code "FITA2010"
ImportGenius.com/promo

ImportGenius.com Reveals U.S. Customer Lists for Your Suppliers
Ever wonder if your suppliers are telling the truth about who their customers are in the U.S.? Want to find out where your competitors source their products in China or anywhere else in the world? Looking for a fast way to identify legitimate suppliers for virtually any product?

The ImportGenius.com database of genuine U.S. Customs records reveals the truth about trading connections between American firms and their overseas suppliers. By indexing more than 50 million ocean freight shipping manifests, the company has created a powerful competitive intelligence and supplier research tool that lets you:

• Look up your suppliers to view their U.S. customer lists
• Monitor competitors to see what they’re importing and from who
• Identify new sources for virtually any product
• Find prospects to buy products and services based on their shipping activities

Your competitors are already accessing this data. Don’t be left behind.

Claim your FREE TRIAL at ImportGenius.com/promo with Promo Code: FITA2010

Call 888-843-0272 or email info@importgenius.com for more information.

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Social Media Examiner
Your guide to the Social Media Jungle
www.socialmediaexaminer.com

Social Media Examiner is a free online magazine designed to help businesses discover how to best use social media tools like Facebook, Twitter and LinkedIn to find leads, increase sales and generate more brand awareness. The online articles will help you to master your communication on these new media. Browse articles online or get updates per mail or through RSS feed.
Have also a look to the 2010 Social Media Marketing Industry Report - How Marketers Are Using Social Media to Grow Their Businesses
.

This information can be very usefully in understanding this kind of communication and boosting your international marketing plan from your desktop!

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Global Sources
Import from China: Getting started
www.globalsources.com

Do you want to import from China in the New Year? Like all businesses processes, the process of importing from China has a lot of steps, each of which has its own complexities. For folks new to importing, these steps can seem overwhelming. But building import knowledge and expertise gives you access to a broader range of products at a broader range of prices than your competitors, thus giving you more product options to compete with. There are several key areas a new buyer needs to learn to import from China.
Identifying suppliers

There are many resources to help you find suppliers. Twenty years ago, you'd mainly rely on trade magazines to publish information about manufacturers and suppliers. Companies like Global Sources have evolved from such publishing roots to also provide information via the Internet and Trade Shows.

The GlobalSources.com online directory provides information about thousands of verified China suppliers and hundreds of thousands of products from these suppliers. When using online directories, check what steps the directory owner has taken to ensure suppliers are real. On GlobalSources.com, suppliers listed as verified suppliers have been visited at least three times, so you can be comfortable they are real companies, with real people and real offices. Read the full article here to learn three other keys areas on importing from China - paying suppliers, managing quality control and the logistics getting goods shipped from overseas to your warehouse.

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USEFUL SERVICE PROVIDERS

INTERNATIONAL TRADE SERVICE PROVIDERS
Service Providers Listed in the GlobalTrade.net Directory of International Trade Service Providers
www.GlobalTrade.net

Mobley & Associates - Arbitration and Mediation in United States
Pinnacle Solutions Incorporated - Arbitration and Mediation in Russia
Interlink International Trading (UK) Ltd - Maritime Commercial Dispute Management in United Kingdom

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FITA CAREER HEADQUARTERS

FITA CAREER HEADQUARTERS
Import/Export Compliance Administrator
www.fita.org/jobs

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 Import/Export Compliance Administrator for Universal Avionics Systems Corporation in Tucson, AZ. 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. DEPARTMENT OF COMMERCE EVENTS

U.S. Commercial Service Events and Webinars
Resources for Going Global
www.export.gov/eac/trade_events.asp

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 www.export.gov/each/trade_events.asp. Below are some upcoming events:

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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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