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 Customs-Trade Partnership Against Terrorism (C-TPAT) was created in November 2001 in response to the 9/11 attacks. It is considered one layer of the U.S. Customs and Border Protection’s (CBP) multi-layered cargo enforcement strategy. C-TPAT is a voluntary program and there is no fee to join. It allows a company to work closely with the U.S. Government in its war against terrorism and receive a reduced number of examinations at the border. But who should apply and what must a company do to get C-TPAT certified?
Posi Lock Puller Inc., a family-owned gear and bearing puller manufacturer headquartered in Cooperstown, ND, was named North Dakota’s 2016 Exporter of the Year on May 24 for its international expansion and support to the state’s export community. In addition, the North Dakota Soybean Council, a non-profit organization representing soybean farmers, received the 2016 Service to Exporters Award for its dedication to assisting North Dakota soybean companies. Lt. Gov. Brent Sanford presented the awards during the Global Business Awards ceremony, the annual international business event hosted by the North Dakota Trade Office (NDTO).
U.S. Secretary of Commerce Wilbur Ross presented the North Dakota Trade Office with the President’s “E” Award for Export Service at a ceremony in Washington, D.C., on May 22. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.
The Export-Import Bank (Ex-Im Bank) is on its way to being fully staffed, however with one unusual pick. Former New Jersey Congressman Scott Garrett was nominated by President Trump to be president of the Ex-Im Bank for the next four years, a surprising choice since he was once a vocal opponent of the bank’s existence. Former Alabama Congressman Spencer Bachus, an Ex-Im proponent, was nominated to the bank’s board to serve the remainder of a 4-year term that expires in 2019.
North Dakota companies returned from a trade mission to Peru last month, led by Agriculture Commissioner Doug Goehring, and focused on the state’s pulse exports. Four North Dakota companies traveled to Lima on April 23 to promote their beans, peas, chickpeas and lentils to Peruvian buyers during tours, meetings and the inaugural North Dakota-Peru ‘Better for You Food Ingredients’ Conference and Exhibition. Continue reading …
A U.S. – Ukraine Trade and Investment Forum is taking place this week, with visitors from Ukraine traveling to North Dakota and Minnesota to attend events on agricultural machinery and grain and oilseed processing technology. Twenty delegates from the Ukrainian agricultural sector visited Fargo area companies and took part in a networking event hosted by the North Dakota Trade Office (NDTO).
North Dakota’s exports have rebounded significantly in the first quarter of 2017, with a 58% increase in exports over the same period in 2016. Marked increases include commodities such as wheat, crude oil, agricultural machinery and specialty crops.
NDTO staff returned from attending the 2017 China Soyfood Processing Equipment Conference & Exhibition in Wuhan, China this week, where North Dakota food-grade soybean companies were represented. NDTO’s International Business Development Manager, Jiwon Kim, gave several presentations to an audience of Chinese buyers during the trip, which was largely funded by the North Dakota Soybean Council.
The United States currently has free trade agreements (FTAs) with twenty countries. Most recently, the US signed FTAs with Peru, South Korea and Colombia. These three FTAs have resulted in an increase of exports from the United States as well as from North Dakota. As free trade agreements are currently under the microscope, we took a look at the effects of these recent FTAs on North Dakota’s exports.