Titan Machinery’s export program is an example of success achieved from hard work and patience. The Titan Outlet Store, the company’s used machinery outlet, has found success in Latin America, eastern Europe, Asia and Africa as a result of painstaking attention to detail and team efforts. As an NDTO member, Titan Machinery gave us an inside look at how they find markets for used equipment in the CNHi family of brands – including Case IH, Case Construction, New Holland Agriculture and New Holland Construction.
A large delegation representing eight Peruvian companies is touring North Dakota this week as part of a reverse trade mission organized by the North Dakota Trade Office (NDTO) and BusinessHub, a boutique consulting agency headquartered in Santiago, Chile with an office in Lima, Peru. The reverse trade mission focuses on specialty crops and builds upon the relationships developed during the Peru-North Dakota ‘Better for You Food Ingredients’ Conference & Exhibition held in Lima in April 2017. In addition, the USDA’s Foreign Agricultural Service (FAS) office in Lima assisted with the mission.
The U.S. has exported very little to North Korea this year, although that hasn’t always been the case. Tensions are reaching new heights, but U.S. exporters are still allowed to export to North Korea as long as the customer is not a person on the Specially Designated Nationals and Blocked Persons List, nor a member of the Government of North Korea or Workers’ Party of Korea. Exporters must also receive a license from the Bureau of Industry and Security. However, with such an isolated and restrictive government, the export market for North Korea is scarce and this year it’s dwindled to a trickle.
There have been several developments recently considered advantageous for U.S. exporters. The dollar has weakened, giving exports a boost forward with competitive prices once again, and the global economy is recovering at a faster pace. Also, a European logistics technologies company is getting creative with a new container design meant to save companies money.
India’s newly elected president, Ram Nath Kovind, is from the Dalit caste, also known as “the untouchables” within the Indian caste system. While India has taken steps to diminish the caste system’s effect on society, including outlawing caste discrimination in 1950, it hasn’t disappeared yet. The election of an “untouchable” as president, although said to be a political move by Prime Minister Narendra Modi to capture the Dalit vote, both defies and shows how pervasive this hierarchical system still is. Here we took a look at how the hierarchical culture affects doing business in India.
The global middle class is currently experiencing the most rapid expansion the world has ever seen. As middle class populations grow, so does their desire for choices, high quality goods and better service. These areas are where North Dakota companies shine and why middle classes around the world are a target market for many North Dakota companies. A recent report by the Brookings Institution provided an update on this unprecedented growth, with findings as follows.
Stepping inside of the Fargo Jet Center will make you want to fly exclusively via private aircraft. A luxurious passenger facility with floor to ceiling wrap-around windows, a fireplace and cozy leather chairs welcomes travelers as they wait, with a freshly baked muffin, for their plane to be refueled. One look into the elegant washrooms will leave you wishing that you never had to connect in Denver again. However, the Fargo Jet Center is more than what they call a fixed-based operator (FBO) in aviation jargon, it also imports and exports airplanes, maintains and upgrades aircraft, has a Charter division to take you wherever you want to go and a flight school to get you flying yourself.
The North Dakota Trade Office (NDTO) will be hosting a China–North Dakota reverse trade mission focused on identity-preserved (IP) soybeans on August 28-31, 2017. The trade mission will gather Chinese vetted buyers and North Dakota food grade soybean companies for promotional activities. This reverse trade mission is a follow up to NDTO’s ‘Better for You Food Ingredients’ Conference and Exhibition held each year in China.
Precision Equipment, Dakota Air Parts and Summers Manufacturing are on a streak of success as they visit international markets and capitalize on a federal grant that partially funds international sales travel. All three companies have increased their export sales as of late, in large part due to travel to foreign markets. Each company was kind enough to share details on the progress they’ve made while using the State Trade Expansion Program (STEP) to offset travel expenses.
The North Dakota Trade Office (NDTO) will be hosting two specialty crop reverse trade missions in August 2017. The trade missions, focused on beans, peas, lentils, chickpeas and more, will gather vetted buyers from Peru and the Philippines. The reverse trade missions are a follow up to the outbound trade missions led by Agriculture Commissioner Doug Goehring and NDTO in March 2017.