Part of North Dakota’s unique position in a troubled economy has been the state’s ability to look outside of its borders and invest in the global economy. To complement growth based on exporting, trade missions, cultural exchanges and educational programming, a group of international business leaders from North Dakota has joined forces with the U.S. Global Leadership Coalition (USGLC) to create the USGLC North Dakota Advisory Committee. This group of business, humanitarian and educational leaders will work to give North Dakotans a voice on foreign policy and international programs. Specifically, all members of the North Dakota Advisory Committee have lent their name in support of the International Affairs Budget and its importance to the state.
Healthy Oilseeds, the international division of Gussiaas Family Farm, has entered an agreement with Haitnim Nara Foods to provide flaxseed oil for its South Korean operation. The agreement was made during a recent trip to North Dakota by Haitnim’s President, Mr. Bongsuk Shin. Healthy Oilseeds will provide the South Korean company with monthly shipments of flaxseed oil.
Delegation Announces Kazakhstan USCS Office Will Remain Open
The Fifth Astana Economic Forum – the international event in which participants discuss the current state and future of Kazakhstan and neighboring countries – attracted a record 8,000 participants from 93 countries. An emerging market with one of the most stable economies and top growth potentials in the world, Kazakhstan is on the minds of many exporters and investors from the U.S., and North Dakota is on the top of this list. NDTO Executive Director Dean Gorder was among the participants who attended the event, which was held in Kazakhstan’s capital city May 22-24.
Local Company Kringstad Ironworks Make Nearly $1.5M Sale to Russia
FARGO, ND – The North Dakota Trade Office (NDTO) announced today that North Dakota’s exports for the first quarter of 2012 increased 35.1 percent over the same period in 2011, the second fastest growth rate in the nation after New Mexico, according to U.S. Department of Commerce statistics. North Dakota’s first quarter export figures exceeded $1 billion for the first time in the history of the state.
The North Dakota Trade Office will be bringing the Export Management Course to Jamestown College in Fall 2012. The 12-week educational course offered to students and business professionals covers all key areas of the export industry and gives participants practical knowledge to help avoid the common – and not-so-common – missteps that can create regulatory headaches and strip companies of customers and profits. The course, which is also held at UND in the fall and NDSU during the spring semesters, will begin in Jamestown on August 28.
A bill to reauthorize the Export-Import Bank, the American institution that provides loan guarantees, insurance and loans to credit-worthy foreign buyers for purchase of U.S. exports, has been approved by Congress and now awaits President Obama’s signature. With 90 percent of Ex-Im Bank transactions benefitting U.S. small businesses, the bill’s passage provides much-needed certainty and predictability to North Dakota exporters.
The Jamestown/Stutsman Development Corporation (JSDC) reported new business, thriving industry and continued growth in the City of Jamestown and Stutsman County at the JSDC Annual Meeting on April 25. With high value crop production and food processing, cutting edge renewable energy and a list of local entrepreneurs, JSDC continues to prove that Jamestown offers much more than just quiet neighborhoods and picturesque landscape.
By Brittany Posey, Featured in Business Watch
Many people view the U.S.- China bilateral relationship as the most important bilateral relationship in today’s world.
With 1.3 billion people and an emerging consumer class, the opportunities that exist for North Dakota companies in China are phenomenal. As the Chinese population grows at an alarming rate, the country is becoming increasingly worried about food safety and security. Furthermore, as the middle class grows, consumer tastes are becoming more sophisticated. The market is craving high quality consumer goods and foods, and North Dakota produces some of the finest food products in the world.
The Dakota Manufacturing Extension Partnership (Dakota MEP) is pleased to introduce a new “Innovation Engineering System” to North Dakota Manufacturers and would like to extend a special offer to qualified North Dakota Trade Office members.
The North Dakota Trade Office (NDTO) and regional equipment dealers and representatives RDO Equipment, Titan Machinery and Agri Machinery Sales recently returned from Uruguay where they attended ExpoActiva, the largest agriculture equipment trade show in the country. This trip was part of a larger initiative by North Dakota to cultivate a strong trade relationship with Uruguay – one which is proving to be successful. New reports from U.S. Department of Commerce show North Dakota’s exports to Uruguay have increased over 585% over the same period last year.