To Access VEDP's Services, Contact Your Trade Manager
October 16, 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.
View the webinar to learn about accessing Mexico virtually.
Speaker: Mary Claire Whitaker, Founding Partner, Neighbors International Business Group
October 9, 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).
View the webinar to learn about accessing Western Europe virtually.
Dr. Colm Reilly, Associate Director, OCO Global
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.
Anne Jafery, Managing Partner, Channels Business Solutions
September 25, 2020
In Virginia, 86% of businesses that engage in international trade depend on imports of intermediate goods for their operations. Virginia businesses that import intermediate goods generate $90 billion in output, $131 billion in economic activity, 550,000 jobs, add $58 billion to Virginia’s Gross State Product, and support $1.8 billion in revenues for the Commonwealth’s annual budget. On average, workers at these businesses earn $3,000 more per year.
This Guide to Supply Chain Management and Importing aims to curate directories of professional service providers, education opportunities, networking events, and online resources to assist Virginia businesses in optimizing their supply chains and importing. This report includes:
- The basics of importing, focusing on the essential role of imports, compliance, and foreign trade zones;
- A comprehensive list of conferences that focus on importing and supply chain logistics; and
- A guide to service providers that work in tandem with VEDP to help Virginia business with supply chain logistics and importing, including associations and organizations, educational resources inside and outside of Virginia, and logistics resources.
September 11, 2020
Mexico’s military budget hovers around 2% of total government budget, comparable to Switzerland’s relative budget, and includes both SEDENA (Army & Airforce), SEMAR (Navy & Marine Armada), as well as Federal-level policing and investigation (Guardia Nacional). In all, Mexico’s total military capex planned for 2020 is equivalent to about 10 billion USD.
Examples of approved investments in 2020:
- Infrastructure upgrades
- Assets for surveillance operations
- Naval hospital remodeling
This report includes information on important players, military priorities through 2024, opportunities for Virginia companies, as well as market entry considerations for Mexico’s defense and security sector.
August 28, 2020
The six major countries in South East Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of USD 3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world. It would also have the eighth largest consumption expenditure globally.
The region is among the fastest growing in the world, with ASEAN (Association of Southeast Asian Nations) having witnessed an average annual GDP growth of 5.3% between 2000 and 2018, supported by an increasingly well-educated workforce, abundant natural resources and favorable geographic location at the heart of the Asia-Pacific region. In 2019, it was the fourth largest export destination for the US, after Canada, Mexico and China, receiving USD 108 billion worth of exports originating from the US.
While nearly every sector in the six major South East Asian countries have been adversely affected by the outbreak, the virus is also creating opportunities by realigning supply chains, accelerating digitalization and automation, and driving medical sector innovation.
This report provides an overview of the economic impact and key business trends resulting from the COVID-19 pandemic, as well as specific opportunities for Virginia exporters in SE Asia. For each of the six key markets you will find the following:
- Snapshot of the Digital Landscape
- Digital Education