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  Thursday, April 12, 2012         Issue 285         Volume 12 Number 8 Sponsor this Newsletter
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Dear International Traders,

This week in Really Useful Resources you will learn about:

• Saudi Arabia: a promising market
Discover the voice of the global Customs community
Get to know all the information and services provided by the EU

FITA's partner website, now boasts a Directory of over 46,000 lawyers, freight forwarders, translators, quality control, etc worldwide.
Search the Directory to find qualified import export service providers to help you with your international operations.

See our personally selected list of profiles for this edition
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Upcoming Events
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The Job Bank
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Saudi Arabia
Take advantage of a promising market

The recent visit of the President of the U.S.-Saudi-Arabian Business Council was an opportunity for both partners to take stock of their trade during 2011. The combined total volume of these exchanges was almost $55 billion (USD), placing Saudi Arabia 11th place among the leading suppliers of the United States. For their part, the United States in 2011, was the second customer of Saudi Arabia (accounting for 17.5% of exports), and its largest supplier, with 13.6% market share of total Saudi imports.

Business in Saudi Arabia
Riyadh City, business center

Saudi Arabia appears in this sense as a leading market for U.S. products. The main products exported by the United States to Saudi Arabia, are vehicles, aircrafts, medical equipment and optical instruments. In recent years, the U.S.-Saudi-Arabian Business Council has worked hard to remove barriers faced in trade and investment. Their next line of work will facilitate the meeting of U.S. and Saudi Arabian SME’s through the organization of business visits, delegations and seminars.

Business opportunities are far from lacking in Saudi Arabia, with a market of 25 million people, it is seeking to diversify its economy, which has been too dependent on oil revenues. The Kingdom has put in place incentives to attract foreign companies: exemption from custom duties, site allocations, financial loans, etc. The role of the U.S.-Saudi-Arabian Business Council, and other institutions and agencies working on Saudi soil, are vital in this particular market. It is indeed necessary, here more than anywhere else, to be able to rely on partners who have local knowledge of the market, because of the many cultural characteristics which mark the different phases of commercial projects.

For more on the commercial relationship between the U.S. and Saudi Arabia:
Trade in Goods with Saudi Arabia on the U.S. Census Bureau's Website
The U.S. Commercial Service in Saudi Arabia
The U.S. – Saudi Business Opportunities Forum

To help you do business with Saudi Arabia:
The US Embassy in Riyadh
The American Business Group of Jeddah
The American Arab Chamber of Commerce
The Arab American Chamber of Commerce
Doing Business in Saudi Arabia: 2011 Country Commercial Guide for U.S. Companies

For more information on other countries worldwide:
Country profiles from FITA
Market Analyses, business tips and more on


Global Business Magazine:

This month’s cover story is about Social Media, and its increasingly pivotal role in communication and marketing. We look at the business behind the phenomenon.
When it comes to taking business to new heights, we could learn a thing or two from Richard Branson, one of the world’s most flamboyant entrepreneurs. In this month’s issue, we ask him about his successful business empire – and why the world is not enough.

In Capital Markets, we examine whether equity financing is still a good option in the current market conditions. We also look at SME’s and the real challenges they face in having their financing needs met.

Mergers & Acquisitions delves a little deeper into the world’s fourth largest economy (behind Japan’s) – the US Middle Market. We also look at the growth of the Malaysian economy and the factors that could provide the necessary impetus for further M&A activity.

Going behind the headlines, we get an insight into investment opportunities in China from an UK (expat) perspective, and how a detailed analysis of individual regions is required to better understand their economy as a whole.

Our Intellectual Property Law focus looks at the Dominican Republic’s system for protecting intellectual property. We also look at copyright in Belgium and whether it is an economically valuable intellectual property right.

Looking at the UK, we delve further into the world of Private Equity, and how a long-term approach enables it to not just weather economic shocks but actually prosper in the current economy. We also look at why Africa is a serious long-term opportunity for international investors.

And with April now here, our thoughts are already turning towards escaping to sunnier climes. Our Luxury Brand Series profiles luxury spa resorts that will (literally) put a spring in your step.

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The World Customs Organization (WCO)

The World Customs Organization (WCO) is the only intergovernmental organisation exclusively focused on Customs matters. It has a worldwide membership, in which the WCO is now recognised as the voice of the global Customs community. It is particularly noted for its work in areas covering the development of global standards, the simplification and harmonisation of Customs procedures, trade supply chain security, the facilitation of international trade, the enhancement of Customs enforcement and compliance activities, anti-counterfeiting and piracy initiatives, public-private partnerships, integrity promotion, and sustainable global Customs capacity building programmes. Check out the website to see how it can help you with your Customs matters, as the WCO also maintains the international Harmonized System goods nomenclature, and administers the technical aspects of the WTO Agreements on Customs Valuation and Rules of Origin.

Share on is the official website of the European Union. It is a good starting point if you are looking for information and services provided by the EU. The site offers you basic information on how the EU works; the latest EU news and events; links to EU information on the websites of EU institutions and agencies.
The site is run by the Communication department of the European Commission on behalf of all EU institutions. Search the site using one of the main topics, e.g. About the EU, Your Life in the EU, Take Part, or by using the search engine or A-Z index. You can also use the web tutorial which guides you around each section to see how you can easily find the information you're after.

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Provided by:
Are you searching for qualified, experienced service providers and trading companies to help you with your overseas operations? Here we list a few of the 46,000+ listed profiles from the Directory of Import Export Service Providers on

Sefrea - Systems Engineering And Software Development an expert in Sourcing Services in Portugal
Osama M. Nour Office (OMAFI) an expert in Management Consulting in Egypt
CAPTEL an expert in Direct Marketing in the United States

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Customs Brokerage in the United States

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Did they help your international trade operations? Do you have any advice to pass onto fellow importers and exporters?

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Assisted by:
The U.S. Commercial Service

Stay up to date and informed with U.S. Commercial Service seminars and webinars!


Export University - Export 101 - Introduction to Exporting – Raleigh, NC, United States - 05/15/2012
Focusing on Bulgaria - Ambassadors Business Road Show – Los Angeles, CA, United States - 05/15/2012
Using Your Website to Increase Your International Sales – Elmira, NY, United States - 05/22/2012
Central Florida Exporters' Roundtable - Auburndale, FL, United States - 05/23/2012
Invest in the U.S.A. Seminar - Vienna, Austria - 05/23/2012


A Basic Guide to Exporting: Taking Advantage of NAFTA – Washington, DC, United States - 05/16/2012
"Doing Business in Brazil" Webinar – Washington, DC, United States - 05/22/2012
A Basic Guide to Exporting: Understanding Export Controls – Washington, DC, United States - 05/23/2012
A Basic Guide to Exporting: How to Protect Your Intellectual Property in Foreign – Washington, DC, United States - 05/24/2012


Get ready for the next Tradeshows!

Natural Products Expo Asia - Hong Kong, Hong Kong - 8/23 - 25/2012

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US Commercial Services

FITA is proud to be a corporate partner of the U.S. Department of Commerce.

Find all U.S. Commercial Service Events and Webinars

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Provided by:
Fita Career Headquarters

International Trade Compliance Specialist for Garmin International in Kansas City, MO
Click here to browse more than 700 other positions!

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Apply for jobs online and post your resume
Employers - Click here to advertise your job openings on FITA's Career HQ.
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