Fall 2022 International Update Newsletter
NEWS YOU CAN USE
ExporTech™ is a national export assistance program that helps companies develop customized plans for growing their level of exports. The effort is a joint effort of Iowa State University’s Center for Industrial Research and Service (CIRAS), the Manufacturing Extension Partnership (MEP), the Iowa Economic Development Authority (IEDA) and the U.S. Department of Commerce.
“Most Iowa companies want to increase overseas sales but it’s hard to get started if you don’t know where to begin,” said Marc Schneider, CIRAS project manager who runs the Iowa ExporTech™ program. “We form a cohort of four to eight companies per offering that participate in a mix of in-person and virtual sessions. Ultimately, they develop a customized international growth plan.” The program is open to all companies, including those who have started to export as well as those who have not yet ventured into global markets. Read More.
STREAMLINE TRAVEL ENTRY REQUIREMENTS IN ASIA
Following the outbreak of COVID-19, travel to Asia was curtailed, or even suspended in some circumstances. The restrictions to visas and visa processing became even more complicated. One solution, APEC’s (Asia-Pacific Economic Cooperation’s) Business Travel Card (ABTC), helps to streamline the entry process into APEC countries (the U.S. is a transitional member of APEC) and would be ideal for U.S. passport holders with frequent travel to those countries. Successful applicants are issued a five-year ABTC that serves as entry authority and are granted pre-clearance for short-term business trips of up to 60-90 days. Full member ABTC cardholders can make multiple short-term entries to APEC countries without having to make separate visa applications. You can apply for the card by logging in to the U.S. Trusted Traveler Program website.
DOUBLE YOUR INTERNATIONAL FOOD/AG PRODUCTS MARKETING BUDGET
International sales can be an important aspect of growth, and an opportunity to diversify business strategy in an ever-changing landscape. To help support those efforts, the Branded Program can double your international marketing budget. IEDA is a member of Food Export-Midwest, whose mission is to help promote the export of food and agricultural products from its 13 member states throughout the Midwest.
Food Export’s Branded Program was established to enable companies to extend their brand’s reach and promote products internationally by increasing the marketing budget with 50% reimbursement of qualified international marketing expenses, which include areas such as web development, market-compliant packaging, advertising materials, trade show exhibitions and much more. For more information and to guide you through any registration needs, contact Brad Frisvold at firstname.lastname@example.org.
IOWA RECEIVES STATE TRADE EXPANSION PROGRAM (STEP) FUNDS
The U.S. Small Business Administration announced IEDA’s International Trade Office (ITO) was awarded STEP grant funding for the upcoming funding year. Financial assistance applications are being accepted for eligible activities taking place now through September 1, 2023. Click here for more information about the ITO’s financial assistance programs to Iowa exporters.
TAIWAN AGRICULTURAL GOODWILL MISSION TO IOWA
On September 20, 2022, Iowa Governor Kim Reynolds, Iowa Secretary of Agriculture Mike Naig, Iowa Corn, Iowa Soybean Association and IEDA welcomed members of the Taiwan Agricultural Goodwill Mission at the State Capitol to sign letters of intent to purchase $2.68B worth of corn and soybeans. Taiwan is Iowa’s 12th largest trading partner, with exports estimated at $305 million in manufactured and value-added goods in 2021. Read more about the visit in the press release.
IEDA HOSTS PROTEIN BUYERS GROUP FROM LATIN AMERICA
During the week of September 25, IEDA hosted a “LATAM Protein Buyers Trade Delegation” in Iowa to foster trade development and business opportunities for companies within the state. The trade delegation represented 10 organizations from Latin American countries who are interested in purchasing U.S. beef and pork for export to their respective markets. The buyers had the opportunity to tour several beef and pork processing plants across the state, have individual one-on-one meetings with Iowa protein suppliers, and gain first-hand knowledge from Iowa State University, Iowa Pork Producers Association, Iowa Beef Industry Council, and Iowa Corn.
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UPCOMING EDUCATION EVENTS
TRADE TALK SERIES: GLOBAL OPTIONS FOR IOWA
The ITO offers free webinars each month on a variety of topics relevant to Iowa exporters:
- Building Global Relationships through Cultural Understanding
October 12, 2022 | 9:00-10:30 a.m. CDT
- Global Crystal Ball: Fall Grain & Protein Insights
November 16, 2022 | 9:00-10:00 AM CST
ITO TRADE EVENTS
CONSTRUCTION INDUSTRY TRADE MISSION TO INDIA
January 30 - February 3, 2023
India expects to spend approximately $1.5 trillion per year in the construction industry during the next 3 years (according to the National Infrastructure Pipeline report). The trip includes an initial market assessment of your company’s opportunity in India. Participants will also receive a tailored schedule with prospective partners in New Delhi & Mumbai. The trip culminates with attendance at India’s largest construction industry trade show, Bauma/ConExpo. For more information, contact Joseph Rude at email@example.com or 515.348.6244.
AG TRADE MISSION TO JAPAN & KOREA
February 18-25, 2023
This multi-segment trade mission to both countries will focus on the Iowa livestock, poultry, grain, and meat processing, along with affiliated Iowa livestock and agriculture industries and associations. This business-focused trip will provide attendees with group meetings, industry development opportunities, cultural exchange and export knowledge development. For more information, contact firstname.lastname@example.org or 515.348.6241.
TRADE MISSION TO KOREA
February 20-25, 2023
This trade mission is open to Iowa manufacturers and service companies from all sectors. Korea is among the top economies in the world and has become a reliable consumer of Iowa products. It is now Iowa’s 9th largest export market and Iowa’s share has grown by more than 15% per year during the last 2 years. Participants will receive private, one-on-one meetings with prospective customers and partners with the goal of developing sales channels in this dynamic market. IEDA’s in-country representatives make it an easy and efficient trip with fast-track meetings with pre-qualified prospects. For more information, contact Joseph Rude at email@example.com or 515.348.6244.
VIV ASIA 2023 | Bangkok, Thailand
March 4-11, 2023
IEDA has an opening for an additional company to join the Iowa Pavilion at VIV Asia, the biggest and most complete feed to food event in Asia and is considered a must-attend for professionals in animal protein production. If the company qualifies for the SBA/STEP grant, it will receive a turn-key exhibition space in the pavilion along with interpretation and booth support from IEDA’s Southeast Asia office, all provided at a subsidized price. For more information, contact Joseph Rude at firstname.lastname@example.org or 515.348.6244.
AG TRADE MISSION TO THE PHILIPPINES & VIETNAM
March 24 - April 1, 2023
This trade mission will focus on the Iowa livestock, grain, meat processing industries, along with the affiliated Iowa livestock and agriculture industries and associations. Vietnam and the Philippines are burgeoning markets with an appetite for U.S. agricultural goods and services. Agricultural exports across both grain and protein commodities have both countries as emerging opportunities to target, especially given global unrest in the commodity markets. The IEDA team will develop a dynamic itinerary alongside industry partners, with meetings coordinated with government entities, commodity importers and agricultural interest groups to engage in trade discussions. For more information, contact Brad Frisvold at email@example.com or 515.348.6241.
TRADE MISSION TO CHILE & PERU
This is a multi-industry trade mission and is open for any Iowa manufacturing and commercial companies. The targeted Latin American countries of Chile and Peru are rapidly growing economies. Both countries have free trade agreements with the U.S., which provides opportunities for reduced barriers and increased profitability. Companies will receive market research, matchmaking with potential customers or partners, customized itineraries and will travel as a group for business appointments. Registration will open soon, and limited space will be available. For more information, contact Andrea Smith at firstname.lastname@example.org or 515.348.6240.
INTERNATIONAL FARM PROGRESS SHOW RETURNED TO BOONE, IOWA
For over 50 years, the Farm Progress Show has connected farmers from across the globe with agriculture’s leading companies. Hundreds of exhibitors showcase the latest farm products and innovative agriculture technology at this three-day, outdoor event. The location of the Farm Progress Show alternates between Decatur, Illinois and Boone, Iowa every other year.
The IEDA International Trade Office partnered with the Ames Convention & Visitors Bureau, Visit Boone County and Catch Des Moines to host an International Trade Center. Located this year inside the Wallaces Farmer Hospitality Tent, international visitors were provided a place to work or hold meetings, interpreter services, Wi-Fi and charging stations and assistance to navigate the show and exhibits. Over 40 countries were represented at the show, including Brazil, Argentina, Canada, Mexico, and South Africa. The International Trade Center assisted hundreds of attendees over the three-day event.
FOOD PROCESSING SECTOR IN SOUTHEAST ASIA
Submitted by: Orissa International Pte Ltd, Iowa representative in Southeast Asia
The food processing sector is an integral part of the economies in Southeast Asia and plays a major role in driving the region’s economic recovery from the challenges brought by the COVID-19 pandemic. Learn more information about the sector across the six main markets in Southeast Asia. Read More.
UKCA MARK REPLACES THE CE MARK IN THE UNITED KINGDOM
Submitted by: Yvonne Halpaus, QNET LLC – USA – CE consulting