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  Thursday, April 14, 2011         Issue 261         Volume 11 Number 8 Sponsor this Newsletter
 Sponsored by: Global Sources
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Dear International Traders,

This week in Really Useful Resources you will:

• Learn about doing business in Saudi Arabia
• Control your shipping rates at Global Shipping Costs
• Get the latest reports about global trade growth from the World Trade Organization

We invite our subscribers to take a look at FITA Online's new website, Register (click on "Create profile" on the upper right corner of the home page) list your business and expertise and upload your content in the form of text, pdf files, PowerPoint presentations, videos and RSS feeds.

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Saudi Arabia
Opportunities in Difficult Times

Last week, a delegation of 15 large U.S. companies visited Saudi Arabia. The objective of this mission was twofold: to strengthen bilateral trade relations with Saudi Arabia, a key ally of the United States in the Middle East and to discuss opportunities for U.S. companies in the sector of new information technologies and communication.
Indeed, Saudi Arabia wants to become a regional leader in the field of information technology and communications. U.S. companies are seeking to offer their experience and expertise in this area.

King Abdallah Economic City project, Saudi Arabia

Moreover, the Kingdom launched a national plan for the development of information technologies and communication. The Saudi market already offers excellent opportunities for manufacturers and providers of DSL access switches, satellite links, fiber optic transceivers broadband PCs and laptops. According to available data, these product categories represent a turnover of nearly $ 3 billion. For the latest investment opportunities in this sector, you can visit the Saudi Authority for Investment - SAGIA

Saudi Arabia, a market of nearly 25 million inhabitants, is now seeking to diversify its economy from being too dependent on oil revenues. In this sense, the kingdom has put in place incentives to attract foreign companies: exemption from customs duties, land allocation, financial loans and other programs.

For more information on the country, you can visit:
The Saudi Network, a directory of Saudi companies
A list of Saudi trade and business associations on Saudi Search
The 2nd annual U.S. – Saudi Business Opportunities Forum

To help you do business in Saudi Arabia:
The site of the U.S. embassy in Saudi Arabia
The site of the American Arab Chamber of Commerce
Saudia-Online bound for foreign companies
FITA’s Saudi Miniportal

The Saudi Mini Portal is one of 185 country profiles on Take a look

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(April issue now available)

Since 1971, Global Sources has been helping buyers around the world become more successful by connecting them with qualified China suppliers.

Carrefour, Tesco and Metro and thousands of other companies use our sourcing magazines to help them find the best suppliers and the best deals for their business.

Now you can join them – FREE. Download any or all of our 18 industry-specific titles instantly – at no charge (April 2011 issue now available).

Get new product updates, insights into the latest market trends and contact details for hundreds of suppliers. You can even get in touch with suppliers directly, by clicking on their ads in the e-magazine.

Auto Parts & Accessories Home Products
Baby & Children's Products In-Car Electronics & GPS
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Electronics Machinery & Industrial Supplies
Electronic Components Medical Products & Supplies
Fashion Accessories Security Products
Garments & Textiles Solar & Energy Saving Products
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Hardware & DIY Telecom Products

Download your free sourcing e-magazines and contact verified suppliers directly.

Global Shipping Costs

When making an offer to sell a container of goods overseas, a crucial factor in determining the price is the shipping cost. Global Shipping Costs has developed a shipping costs calculator that provides shippers and other users generic shipping costs and shipping times for shipping merchandise to any part of the world. The calculation is based on a weighted average of a group of rates on a given route. It is an estimate but it can be useful to evaluate trade your costs and quote a profitable price.

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WTO Trade Statistics Indicate Record Trade Growth

On April 7th the World Trade Organization held a press conference announcing the latest global trade statistics. Read the summary online.

Despite the financial crisis and global recession, in 2010 there was a record 14.5% surge in the volume of exports thanks to higher prices for primary commodities and the extraordinary growth of trade in developing Asia and the former Soviet Union, which grew 45%, the highest growth rate ever recorded in world export statistics. After this rebound, however, economists are forecasting a more modest 6.5% increase for 2011. "The figures show how trade has helped the world escape recession in 2010," WTO Director-General Pascal Lamy said. "However, the hangover from the financial crisis is still with us. High unemployment in developed economies and sharp belt-tightening in Europe will keep fuelling protectionist pressures."

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World Trade Week Grand Rapids May 2-5, Grand Rapids, MI
World Trade Week Los Angeles May 6-13, Los Angeles, CA
World Trade Week New York, May 16-20, New York City, NY.
Futurallia KC 2011 Kansas City, MO, May 18-20 2011


ACCESS 2011 International Trade Conference, Houston, TX, April 26-27, 2011
BRIC Business Outlook Conference, Baltimore, MD, May 2, 2011
Trade - Texas Style, Dallas, TX, May 3, 2011
Executive-led Trade Mission to South Africa, September 19-23, 2011 Registration deadline is July 18!

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