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  Thursday, April 28, 2011         Issue 262         Volume 11 Number 9 Sponsor this Newsletter
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Dear International Traders,

This week in Really Useful Resources you will:

• Learn about doing business in Panama
• Find out about transparency and corruption issues when dealing with intermediareis from the ICC Third Parties Guidelines
• Learn about the latest trends in sustainable packaging in the International Trade Administration's report Packaging Machinery: Sustainability and Competitiveness

• Partcipate in a Survey on the Social Aspects of Airport Security

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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Trade Promotion Agreement: Pending Congressional Approval

The United States and Panama signed a Free Trade Agreement (FTA) on June 28, 2007. Although Panama approved the treaty on July 11, 2007, the United States Congress has not yet ratified it because of political disagreements about what Panama would have to do to fulfill all necessary conditions of the pact. Now it's done! The U.S. Trade Representative, Ron Kirk, announced last week that Panama had met all the American requests and that Congress was preparing to ratify the treaty in the coming weeks.

Panama City, Business Center, Panama

The FTA is expected to result ultimately in a significant liberalization of trade in goods and services between the two countries by removing certain non-tariff barriers and facilitating customs procedures. With this agreement, U.S. companies should have better access to the Panamanian market, particularly in the financial services sector. Also companies may compete for and obtain public contracts and obtain trade facilitation services.

There are numerous business opportunities in Panama for many foreign companies. Indeed, the Panamanian economy is doing well. The country has one of the growth rates of GDP, the highest in Latin America (6.7% in 2011). In recent years the development of the free trade zone of Colon and the banking and real estate sectors have helped the country weather the worldwide financial crisis. The public expenditure management financed with a $200 million loan approved by the Inter-American Development Bank (IDB) has also helped strengthen investor confidence. Panama is the top receiver of FDI in Central America, with an average annual flow of about 1.75 billion USD.

For more information on the country, you can visit:
Business Panama
U.S. Commercial Service Panama Country Commercial Guide
FITA’s Panama Country Profile of Panama

To help you do business in Panama:
The Panamanian Association of Entrepreneurs
The site of the U.S. Embassy in Panama
The site of the American Chamber of Commerce in Panama Panama Miniportal

For information on other countries of the world The FITA "Country Miniportals"

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International Trade Compliance Conference May 3-5 Wyndham Chicago - Chicago, IL
For Conference Agenda Click Here

Only a few days left to register! Receive a 10% discount

Don’t miss the opportunity to network and benchmark with 44 industry leaders and government officials from companies including: Monsanto, BP, KLA-Tencor, Meggitt USA, Inc, U.S. Department of Commerce Bureau of Industry and Security, Customs and Border Patrol and many more!

Hear from Aaron Gothelf of Tyco International on Uncovering the Latest Customs Developments and Enforcement Initiatives in the EU.
Read more in this pre conference interview:
Aaron Gothelf
International Trade Counsel
Tyco International
Click Here

Contact Lindsey Silvetti - PR/Marketing Coordinator - (312)540-3000 ext 6754

ICC and private sector business anti-corruption tools
Your guide to resisting bribery

Corruption is everywhere and could damage your international business. The International Chamber of Commerce guidelines can help you to train your employees to identify and cope with it. One of the ICC's main objectives is to fight corruption by encouraging good practices for international initiatives. The Resisting Extortion and Solicitation in International Transactions (RESIST) initiative was developed in collaboration with Transparency International , the UN Global Compact and the World Economic Forum Partnering Against Corruption Initiative (PACI) Based on the idea that private-sector convergence can improve good business practices and enforce anti-corruption, RESIST is designed as a training tool to provide practical guidance for company employees on how to prevent and/or respond to an inappropriate demand by a client, business partner or public authority in the most efficient and ethical way.
Download RESIST guide by clicking here.

Also look at the ICC Third Parties Guidelines. The ICC Guidelines on Agents, Intermediaries and Other Third Parties provides companies with concrete advice on how to choose and manage third parties. It gives concrete guidance on how to contract, monitor and pay agents, as well as other intermediaries.

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Packaging Machinery: Sustainability and Competitiveness
Benefit from the Sustainable Manufacturing Initiative

Published in September 2010 by the International Trade Administration of the US Department of Commerce, Packaging Machinery: Sustainability and Competitiveness is the first in a series of SMI (Sustainable Manufacturing Initiative) Sector Focus Studies that look at the sustainability-related challenges, leading practices and unrealized opportunities in specific U.S. industry sectors.

U.S. equipment manufacturers in the packaging supply chain are responding to pressures from stakeholders to improve environmental performance while lowering costs. The publication includes company case studies as well as tips for manufacturers to improve their global competitiveness through sustainable design and manufacturing practices.

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InterGest Brazil - Accounting & Cousulting, Brazil
Thunderbird School of Global Management - International Business Education in the U.S.
Kinsella Group, Inc. - Investment Banking in China

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International Trade Compliance Conference, May 3-5 Wyndham Chicago - Chicago, IL
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
FITT's 14th International Trade Conference, "The Road to Trade Success," June 7-8, Ottawa, Ontario, Canada


BRIC Business Outlook Conference, Baltimore, MD, May 2, 2011
Trade - Texas Style, Dallas, TX, May 3, 2011
Opportunities for U.S. Businesses in Iraq, Los Angeles, CA May 3, 2011
China International Environment Protection Exhibition & Conference (CIEPEC), Beijing, China June 7-10, 2011
Executive-led Trade Mission to South Africa, September 19-23, 2011 Registration deadline is July 18!

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