Free trade agreements abound across the globe while the US remains in protectionist mode. Europe and Asia are the most active players, each moving forward with multiple trade deals. The following highlights the agreements being negotiated or completed.
The North Dakota Trade Office (NDTO) is excited to announce four upcoming trade missions. These trade missions will be focused on North Dakota’s agricultural products and equipment, and each will include opportunities for funding. Below is a list of the events taking place in the months ahead. Continue reading …
There’s been a lot of buzz about indoor farming. Indoor farming, or vertical farming, is said to be another step towards being able to feed the 10 billion people expected on our planet in 2050. Although many vertical farming companies have tried and failed, indoor farms in the U.S., Netherlands and Germany are finding success – and record amounts of investment – by using the latest in agricultural technology.
Press Release: NDTO Receives Service Award for Aircraft Project with Weather Modification in South Korea
The Korea Meteorological Administration (KMA) presented North Dakota Trade Office Manager of Business Development Jiwon Kim with an award in Seoul, South Korea on December 20 for facilitating a contract between KMA and Fargo-based Weather Modification International. North Dakota Trade Office (NDTO) member Weather Modification International recently completed the project for KMA, which included the installation, training and delivery of a state-of-the-art atmospheric research aircraft. The aircraft will go on to be used for numerous missions to include pollution monitoring, atmospheric aerosol studies and operational cloud seeding programs, as well as collecting data during the 2018 Winter Olympics in Pyeongchang, South Korea.
Reile’s Transfer & Delivery’s goal is to create world class supply chain solutions for small manufacturers that they would not be able to create by themselves. By combining regional freight coming in and out of Canada, the company offers efficient logistical solutions for importers and exporters by working with our trade partners to the North. Reile’s Transfer and Delivery currently owns over 840,000 square feet of warehousing and storage space, but their origins go back to the humble task of delivering milk.
Kringstad Ironworks is closing in on deals to sell more sugar beet pilers in Russia. Their latest trip was to the Republic of Tatarstan and was partially funded by the North Dakota Trade Office’s State Trade Export Promotion (STEP) grant, a reimbursement program currently open to North Dakota exporters. The reimbursement program assisted Kringstad Ironworks in traveling to meet potential Russian customers as well as learn more about the agricultural needs of the Volga region.
The Department of Justice announced last week that they’ve made a Foreign Corrupt Practices Act (FCPA) pilot program a permanent fixture. The pilot program had offered declinations – case closures without prosecution or criminal resolution – if a company had voluntarily disclosed a potential violation along with three other contingencies. Now that the program is permanent, it marks the Department of Justice’s first explicit rule on how to receive an FCPA declination through voluntary disclosure.
The North Dakota Mill has been grinding flour and adding to state coffers since 1922. The only state-owned mill in the nation is also North America’s single largest milling operation. The mill sells the highly recognizable “Dakota Maid” brand amongst many other products within wheat markets both here and abroad.
E-commerce giant Alibaba sold $25 billion of product to the world on “Singles Day” this past weekend. Singles Day is a Chinese version of Cyber Monday. To put that in perspective, the combined sales of the most recent Black Friday, Cyber Monday and Amazon Prime Day add up to around 30% of that total. It’s indicative of the global shift to online shopping and reliance on the internet for researching products and services. Statistics are rapidly changing, but the following countries lead the world in e-commerce.