North Dakota hosted over 75 international visitors from 15 countries as part of the Big Iron International Visitors Program, the portion of the Big Iron Farm Show connecting international equipment buyers with North Dakota businesses. The International Visitors Program (IVP) was held Sept. 11-14 and is organized by the North Dakota Trade Office (NDTO) in cooperation with the U.S. Commercial Service.
Participants in the Trans-Pacific Partnership (TPP) are moving forward after a stall caused by the U.S.’s withdrawal from the trade agreement in January. Representatives from the 11 participating countries met in Sydney, Australia last week to renew negotiations. While the U.S. is not engaged, its wishes are still being considered.
Commercial drones can only go up from here. The Federal Aviation Administration (FAA) has estimated that over a five-year period, U.S. commercial drone numbers will grow tenfold from 42,000 in 2016 to 442,000 in 2021 as start-ups and corporations recognize myriad uses for commercial drones. While the FAA works to determine drone regulations, their global use has sped ahead. Goldman Sachs Research has estimated a $100 billion market for drones from 2016-2020, spurred by commercial and civil government use. Here are four unique uses for drones happening right now.
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.