REALLY USEFUL RESOURCES
for international trade professionals
  Thursday, February 02, 2011         Issue 256         Volume 11 Number 3 Read online previous issues
This Newsletter is sponsored by Management Dynamics and the BIS Export Compliance Seminar
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 Resources you will:
• Learn about doing business in the United Arab Emirates
• Find out about what it take tp register a company in 47 companies at RAB Information Service
• Get the latest information about risks around the world from the World Economic Forum's Global Risks 2011

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:
• Manager, International Trade Compliance

If you are Employer:

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

Participate
REALLY USEFUL SITES

United Arab Emirates
Our Featured Country
http://www.economy.gov.ae

The United Arab Emirates (UAE) consists of a federation of seven states ruled by emirs: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. The UAE occupy a strategic location on the Arabian Peninsula holding ports both on the Persian Gulf and on the Gulf of Oman. The Strait of Hormuz links these two Gulfs. Twenty-five percent of the world's oil traffic passes trhogh the Stait.

The UAE have the fourth highest per capita GDP in the world. Sixty percent of the economic power is concentrated in Abu Dhabi, the capital and second-largest city after Dubai. The country's economy is dominated by its hydrocarbon production: United Arab Emirates are the 3rd largest oil producer in the world with 9% of the world oil reserves and 5% of the planet’s natural gas reserves. Manufacturing activities have witnessed an unprecedented growth in the last five years, particularly in sectors such as metal processing, furniture, industrial preparation of food stuffs, aluminum production, cement and construction materials. The service sector, which makes up around 40% of GDP, is dominated by international trade, air transport, tourism and financial activities. For more information, you can consult the Economic Report of the Emirate of Abu Dhabi 2010.

United Arab Emirates are amongst the world’s most dynamic markets in terms of foreign trade. It is among the world's 25 primary exporters and 30 primary importers of commodities. Dubai is the commercial center of the region, mostly due to its port and airport infrastructures. The main UAE trade partners are Japan, China, India and United States. The main products exported by the country are hydrocarbons, natural gas, jewelry, automobiles and transmission devices for radio-telephony. The UAE mainly imports precious stones, iron, platinum, aircraft and rice. On the website of the US Census Bureau, you will find in more details the main imported and exported products traded between UAE & United States. You will also find practical business information on the website of the Ministry of Foreign Trade.

Thanks to its assets, an easy access to oil resources, low energy costs and a high purchasing power, UAE is the primary recipient of foreign direct investment on the Arabian Peninsula. The main investors in the UAE are Great Britain, Japan and India. Main invested sectors are hydrocarbons, financial and insurance sector, construction and electricity production. The absence of direct taxation on companies (excluding banks, oil companies and telecom operators) and personal revenue are incentives that attract investment into the country. For more information, you can consult the Investment Guide to the UAE of the Ministry of Economy.

For information about the country, visit the websites of the UAE Embassy to the United States the American Chamber of Commerce in UAE and the U.S. Commercial Service in UAE. 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 UAE 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 UAE.

The UAE 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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RAB Information Service - Company registers
Company registration around the world
www.rba.co.uk/sources/registers.htm

Doing some due diligence is the first thing to do before entering a business partnership. Many private companies provide this kind of information. But maybe it is more secure and less costly to go directly to the original and official source. Company registers are the national organizations that are the most informed about the economic health of companies. Many governments have websites with access to company information, free of charge or on subscription.

These websites provide also information about registering your own company. Reporting and filing requirements for companies differ from country to country and vary depending on the size and legal form of the company.

You can find online gateways to worldwide company registers on the Commercial Register Office of Switzerland or on the RBA Information Service website.

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AVOID FINES BY USING BEST-IN-CLASS SCREENING STRATEGIES
Download our white paper to learn how

In 2010 alone, companies were fined over $37 million for committing export violations.  Can your company afford to make this kind of mistake? In today's era of heightened security, national governments are imposing more sanctions and adding more names to restricted party lists to avoid the risks linked to terrorism and prohibited commerce. Keeping up with all of these changes can be confusing, and non-compliance can lead to costly mistakes.

Our white paper, "Six Best Practices to Improve Compliance with a Restricted Party Screening Solution," provides information on how to implement screening strategies that leading companies use to prevent fines, delays, and loss of export privileges. It also addresses the following questions organizations face when considering their screening options:

  • Why do companies need to screen their vendors, suppliers, and trading partners against restricted party lists?
  • What are the four largest challenges keeping your company from being compliant?
  • How do most companies manage this process today?
  • What are the cross-industry best practices for managing this screening?
  • What attributes should companies consider when enhancing their restricted party screening process?

Learn how to improve your company's compliance - download our best practices white paper today!

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Global Risks 2011
To manage emerging risks
riskreport.weforum.org

Global Ricks 2011 is a publication of the World Economic Forum. The World Economic Forum offers a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world.

Global Risks 2011, Sixth Edition provides a high-level overview of 37 selected global risks as seen by members of the World Economic Forum, who are leaders and decision-makers around the world. It provides analyses of the risks that are shaping the global environment in order to help stakeholders from across business, government and civil society understand and manage emerging risks.

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Export Compliance Seminar
Remodeling businesses through export leveraging
http://exporttexas.com

The U.S. Bureau of Industry and Security (BIS) will present a national three day export compliance seminar from March 8-10 in Dallas-Forth Worth. This program will cover the entire spectrum of U.S. controls for both commercial and defense-related exports. The basics of EAR and ITAR export controls will be discussed along with how to develop and implement an effective export compliance program. Counseling and other professionals from the BIS will cover the major elements of the U.S. export control system for commercial exports, including ECCN classification and licensing requirements. The objective of this program is to help companies efficiently manage their export compliance requirements by implementing strategies and safeguards that can minimize the risk of an export violation.

The third day of the program is designed for any person or company who exports (or temporarily imports) defense articles, defense services, or technical data. It will be presented by members of the U.S. Department of State Directorate of Defense Trade Controls (DDTC). Quite often many items that may not appear on the surface to be defense-related are in fact subject to the ITAR.

For more information and to REGISTER click here.

 
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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

Daniel Workman - Trade Documentation Specialist
Risk Protection International - Trade Credit Insurance Broker
Interim Management Solutions China - Interim Management China

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FITA CAREER HEADQUARTERS

FITA CAREER HEADQUARTERS
Manager, International Trade Compliance
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 Manager, International Trade Compliance for Dairy Farmers of America, Inc. 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:

Webinar Series: Free Export Basics. As part of the National Export Initiative, the Commerce Department is offering a series of free webinars on the basics of exporting. Webinars will cover writing an export plan, shipping goods to international buyers, classifying products under the harmonized system and estimating the full cost to the international buyer of delivering your products. Learn more/register
Working Capital Solutions for Today’s Global Markets, Webinar February 16, 2011
New Markets, New Jobs, First stop on the National Export Initiative Small Business Tour, Minneapolist, MN, February 17, 2011
Seminar: Complying with U.S. Export Controls, Savannah, GA, February 16-17, 2011
Export Commodity Classification Webinar. Webinar, February 23, 2011; 2 PM ET, 11:00 AM PT
Opportunities in Canada’s Aerospace Market. Webinar, February 23, 2011; 2 PM ET, 11:00 AM PT
Third Annual The Americas Business Forum – Creating Jobs through Exports, Los Angeles, CA, March 2-3, 2011
Executive Led Multi-Sector Trade Mission to Nigeria, March 8-10, 2011.
Webinar Series: Trade Winds 2011: Mexico and The Americas, March 17, 2011
Bridges to Canada 2011, March 22, 2011.
The Asia Pacific Business Outlook Conference, March 28-29, Los Angeles, CA.
Ex-Im Bank's 2011 Conference: Strengthening America through Exports, March 31 - April 1, 2011, Washington, DC.
Trade Winds Forum - The Americas, April 6-12, Mexico City, Mexico.

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