Accessing International Markets - United Kingdom
Date: Thursday, November 18
Time: 10:00 to 11:00am
December 31, 2020 concluded the United Kingdom (UK) transition out of the European Union (EU) single market and customs union. Preparations for the transition out of the EU have been complicated by the COVID-19 global pandemic. Despite any uncertainty posed by Brexit, the UK remains a critical market for American exports of goods and services. U.S. exports to the UK were estimated to be worth $147.8 billion in 2019. The UK is the largest market in the world for U.S. service exports. In addition, the UK commitment to low-carbon targets is driving market demand for U.S. products and services.
The following sectors provide growth opportunities for Virginia companies to the UK market:
- Information & Communications/Digital Technology
- Aerospace & Defense
- Safety & Cybersecurity
- Agricultural Sectors
- Design & Construction
We have partnered with OCO Global to learn more.
- Colm Reilly, Dublin Trade Director
Accessing International Markets - Canada
Date: Thursday, October 28
The United States and Canada enjoy a $1.6 trillion bilateral trade and investment relationship that supports millions of jobs in both economies. Canada ranks as the top U.S. export market, accounting for 17.9% of all U.S. exports in 2019. The United States, Mexico, and Canada are parties to the United States–Mexico–Canada Agreement (USMCA), which entered in to force on July 1, 2020, replacing the North American Free Trade Agreement (NAFTA).
Speaker: Ludovic Ortuno, Co-Founder & COO, CIDEP
Accessing International Markets - Mexico
Date: Thursday, October 21
Mexico is third among Virginia export destinations. Mexican companies, government agencies, and entire industries are deeply familiar with and receptive to U.S. products and services. U.S. producers often find it straightforward to market and sell their services and products in Mexico. The market continues to benefit from the agreement to modernize NAFTA into the USMCA, as well as from its proximity to the United States, and its modern port infrastructure. Mexico is the 15th largest economy in the world, and recent economic reforms have liberalized key sectors such as energy and telecommunications, creating market opportunities for U.S. companies. Close cultural, social, and economic ties make Mexico a natural market to consider for first-time and expanding exporters.
Speaker: Mary Claire Whitaker, Founding Partner, Neighbors International
Date: August 5, 2021
South Korea is a sophisticated market with a taste for high-quality, differentiated products and commodities. South Korea’s gross domestic product (GDP) ranked 10th in the world in 2020. As Asia’s 4th largest economy, it registered US$1.54 trillion in GDP in 2020. South Korea’s GDP shrank just over 1% in 2020 from a year earlier, the smallest decline in the OECD. South Korea’s traditional strength in the steel and petrochemical industries has been weak in recent years. South Korea is looking for more technology-intensive industries to drive growth such as; healthcare (including medical devices, pharmaceutical, and biotechnology), defense, advanced manufacturing and information technology.
Speaker: Ken Yang, Director, Korea Business Services
Date: July 20, 2021
Eastern Europe has been the faster growing part of Europe. Starting from a lower base 30 years ago, this region has enjoyed an outstanding level of economic development. Today, some of these economies are comparably strong to some of those in Western Europe, such as Italy, Portugal or Spain.
The beauty of exporting and building market presence in this region stems from the fact that the markets are manageable in size and easy to navigate even for SMEs, and success in one market can quite likely be replicated in others. You can therefore grow organically step by step in a safe business environment.
Speaker: Filip Korinek, Managing Director, EasyLink Business Services
Date: July 8, 2021
Africa is shifting beyond expectations as a bounty of new business activity led by its youthful entrepreneurial business class drives it forward. Come and hear about the trends driving African business and learn why Africa is increasingly important, soon driving much of the global economy. Africa is growing out of its role as a primary resource supplier and moving quickly toward a knowledge based economy: an economy driven by people that make it welcoming for Americans business people.
Speaker: Richard Zurba, Director, Zurcom International
Date: November 5, 2021
The six major countries in Southeast Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of US$3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world, as well as having the eight largest consumption expenditure globally.
Speaker: Sarath Menon, Managing Director, Orissa International
Date: October 29, 2020
The United States is Colombia’s largest trading partner, and Colombia was the 21st largest market for U.S. exports in 2018. Due to Colombia’s close political ties, geographic proximity to the United States, and Colombians’ appreciation for the quality and reliability of U.S products, consumers in Colombia generally have a preference for U.S. products and services.
Join VEDP’s International Trade team to learn about accessing Colombia virtually.
Speaker: Adriana Bohorquez Brunette, Founding and Executive Director, AB Trade Link
Date: October 22, 2020
Australia’s resilient economy is built on stable institutions and sound regulatory policies, and provides a safe, low-risk environment in which to do business. Australia is among Virginia’s top 20 export destinations globally.
New Zealand offers U.S. companies a relatively wealthy, sophisticated market with a very transparent and open business environment, and a stable democratic system.
Join VEDP’s International Trade team to learn about accessing Australia and New Zealand virtually.
Speaker: Angela Foley, Founding Director, Foley & Associates
Date: October 15, 2020
Mexico is the 15th largest economy in the world, and recent economic reforms have liberalized key sectors such as energy and telecommunications, creating market opportunities for U.S. companies. Close cultural, social, and economic ties make Mexico a natural market to consider for first-time and expanding exporters.
Join VEDP’s International Trade team to learn about accessing Mexico virtually.
Speaker: Mary Claire Whitaker, Founding Partner, Neighbors International Business Group
Date: October 8, 2020
Europe is a huge trading partner for the US in many different sectors, this can be evidenced by the fact that if the EU countries together were a single market, it would rank as the number one export market for the US (2018).
Speaker: Dr. Colm Reilly, Associate Director, OCO Global
Date: October 1, 2020
The United Arab Emirates (UAE) has been the top U.S. export market in the Middle East North Africa region for the last 10 years and a critical regional hub for 1,500 American companies doing business throughout the Middle East, Africa, and South Asia.
Speaker: Anne Jafery, Managing Partner, Channels Business Solutions