The State of the Global Economy Trade Talk, held Jan. 11 in Fargo, drew exporters and businesspeople from around the region to discuss one of the most-significant topics in North Dakota today: the future of the global economy in 2012. Experts Thomas R. Hardy, U.S. Trade and Development Agency (USTDA), and Dr. Cole R. Gustafson, economist and chair of Department of Agribusiness and Applied Economics at North Dakota State University (NDSU), led the discussion while exporters and peers examined the assumptions underpinning recent changes in the economy through a panel discussion.
SEEDS 2000 Inc., one of the leading seed research and productions companies in the region, announced Nov. 30, 2011, that it has been acquired by Nuseed, a global seed and traits company based out of Melbourne, Australia. For SEEDS 2000, headquartered in Breckenridge, MN, the merger will mean a myriad of changes for employees; from an exporting prospective, the acquisition of a regional company by an international player may be a step towards increasing global sales.
The Export Assistant Program, now in its sixth year, places talented graduate students in export companies that need assistance in moving their global business forward. For former Minnesota State University Moorhead student Yuliya Sapelnikova from Russia, the program proved a valuable stepping stone towards her new position as International Logistics Coordinator at Daktronics in Brookings, SD.
Ninety-six percent of the global population lives outside the United States. More than 20 percent of these people reside in China, with nearly 15 percent of the world’s spending power lying with China’s people. The Chinese market has tremendous unmet demand for U.S. exporters to satisfy, and with North Dakota offering some of the best resources, technology, and agricultural goods and services in the country, China is currently an attractive emerging markets for North Dakota exporters.
In the 2010-11 academic year, North Dakota saw enrollment from 3,106 foreign students, contributing a total of $61.6 million to the state. With China accounting for the majority of foreign students in North Dakota and across the U.S., higher education opportunities will be a major focus during the March 2012 Trade Mission to China, hosted by the North Dakota Trade Office.
Twelve North Dakota companies, led by the North Dakota Trade Office (NDTO) in conjunction with the North Dakota Department of Agriculture (NDDOA), returned home this week after what is being called a successful Trade Mission to Indonesia and Vietnam.
Planning for the March 2012 China Trade Mission, hosted by the North Dakota Trade Office, is in full swing. The mission will be centered around the areas of Shanghai and Guangzhou, two of China’s most rapidly-growing cities.
November 2011 was an eventful month for Fargo-based Titan Machinery as they announced two milestones: the acquisition of Jewell Implement Company in Iowa, marking the 90th dealership in the region, and expansion into Europe with the entry into the Romanian market.
Lt. Gov. Drew Wrigley has been invited to speak at the 2011 Kazakhstan-US Investment Forum in New York City on Dec. 7, 2011. Lt. Gov. Wrigley will participate in a panel discussion centered on the potential for US Business to take a major niche in Kazakhstan’s agriculture sector.
Legacy Steel Buildings has been manufacturing high-quality, pre-engineered steel buildings for more than 50 years. Like many North Dakota family businesses, Legacy is built on a foundation of hard work and honesty, but with business in over 100 countries, this is no mom and pop-style shop.