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World Trader - August11
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Aug/Sept 2011
Volume 8 | Issue 4

World Trader

From the President

Upcoming Events

President Continues "Emergency" Regarding Export Control Regulations
from The White House

Five Local Economies Set to Take Off
from The Kiplinger Washington Letter Editors

MGTA Announces New Online Global Trade Vendor Finder Tool
by Jana Mazie

Country of the Month: Colombia
by Kevin Johnson

Who Said it?


From the President

by Mark Toth, MGTA President

Mark TothDear MGTA Members,

Another Summer comes to an end. State Fair is complete. A cool Labor Day weekend tells us what is imminent.

It's time to re-focus on our work and professional development as the children do this time of year.

The MGTA is here to help you with such goals. Make sure you check our calendar for seminars and forums throughout the year. If you have a wish list, kindly share your needs.

The members and guests who attended the 9th Annual MGTA Golf outing had glorious weather. Good food and friends always make it worth the time. I want to highlight the following volunteers who made the event run so smoothly:

  • John Novak – Bremer Bank, N.A. (Golf Committee)
  • Andrea Burns – Independent Packing Services Inc. (Golf Committee)
  • Scott Hollinger – Superior Brokerage Services, Inc. (Golf Committee)
  • David Bies (Golf Committee)
  • Jean Carlson – Datacard (Golf Committee)
  • William Panzaralla – King Solutions
  • David Cheney – C.H. Robinson, International
  • Heather Ahlers – C.H. Robinson, International
  • Sean Mitchell – C.H. Robinson, International
  • Rachele Hepburn – C.H. Robinson, International
  • Jason Stoltzmann – C.H. Robinson, International

MGTA Board members in attendance:

  • Scott Hollinger
  • Rae Hale
  • Mike Sanders
  • Jason Switzer
  • Kevin Johnson
  • John Wilson
  • Mark Toth
  • Blake Bina
  • Jean Carlson

The MGTA is only as strong as its volunteers. Thank you for your time and labor.

Please take note of the recently released "Vendor Finder Tool.” Jana Mazie gave a presentation at the Golf Event. More information is found within this newsletter.

This coming weekend we have a social event — a Trap Shoot is planned in Eagan, MN. Check the calendar for more information by clicking here. Thanks to the Membership Committee for planning this event.

I close my short note by wishing all members a successful start to autumn — and hopefully growth as we prepare for 2012.

Mark Toth, MGTA President
Business Development Executive, Hellmann Worldwide Logistics

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Upcoming Events

Trap Shoot

September 11, 2011
11:00 am-2:00 pm
West End Gun Club, Eagan, MN

Free to attend; $8.50/round per shooter, plus $2-$3 gratuity per shooter to trap operator. Food and beverages are available at own cost.

Register now

Free Trade Agreements and the WTO Doha Round, How They Affect Your Bottom Line

September 27, 2011
8:00-11:30 am
Butler Square, Minneapolis, MN

Speaker: Seward ("Skip") L. Jones, Jr., Deputy Assistant Secretary for Trade Agreements and Compliance, U.S. Department of Commerce, International Trade Administration

Register now

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President Continues "Emergency” Regarding Export Control Regulations

from The White House

On August 17, 2001, consistent with the authority provided to the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the President issued Executive Order 13222. In that order, he declared a national emergency with respect to the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States in light of the expiration of the Export Administration Act of 1979, as amended (50 U.S.C. App. 2401 et seq.). Because the Export Administration Act has not been renewed by the Congress, the national emergency declared on August 17, 2001, must continue in effect beyond August 17, 2011. Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency declared in Executive Order 13222.

This notice shall be published in the Federal Register and transmitted to the Congress.

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Five Local Economies Set to Take Off

from The Kiplinger Washington Letter Editors, Kiplinger.com

Even as the national economy struggles, some regions anticipate future prosperity. Though unlikely to surpass powerhouses of the U.S. economy such as California’s Silicon Valley, Boston’s Route 128 corridor and North Carolina’s Research Triangle, these five cities may well give better-known up-and-comers such as Austin, Texas, Charlotte, N.C., Denver and the Sun Belt’s auto centers a run for the money.

Consider these five examples of how areas are leveraging their strengths for future growth and betting on industries that are poised for takeoff.

North Dakota's Oilpatch Boom

Energy is North Dakota’s ticket to success. High oil prices and the development of technologies to unlock previously unreachable oil and gas reserves are rocketing North Dakota to the fastest pace of gross domestic product growth and the lowest unemployment rate in the nation. About 26,000 new oil wells are in the blueprint for the next 25 years. That’ll fuel five to seven years of very swift growth and sustain the state’s economy for two decades. What’s more, even if oil prices drop by 50%, low exploration costs and proven supplies will keep the state producing.

To help keep growth on track, North Dakota has a fairly hands-off regulatory attitude, and state policymakers are mulling ways to simplify taxes on the state’s oil industry.


Portland, OR: Hip, Smart, Green

Portland, Ore., is betting on its appeal to a young creative class of workers to build a 21st-century clean economy. The city expects its workforce to grow by 2.4% a year over the next decade—six times as fast as the U.S. average rate. What’s more, the number of 25- to 34-year-olds there grew 12% from 1990 to 2000. Across the U.S., that age group shrank 8%. A third of Portland’s young adults have college degrees.

The city already has a strong technology bent. It’s home to large operations for Intel and Hewlett-Packard, 40-odd solar power firms and two big wind energy firms. Oregon is also nurturing more clean tech—green construction, ocean energy and nanotechnology. The Oregon Nanoscience and Microtechnologies Institute has helped 22 nanotech start-ups raise $96 million. The Oregon Wave Energy Trust aims to make the state a clean energy leader, eventually generating 500 megawatts of electricity and thousands of jobs with technology to harness the oceans’ wave power.


Maryland: Bioscience Central

Maryland is investing in bioscience research and development. Nurtured by a slew of laboratories within its borders, including those for the U.S. Departments of Agriculture, Commerce, Defense and Homeland Security, the National Institutes of Health and Johns Hopkins University, the state enjoys a 44% greater concentration of bioscience talent than the national average.

Under the governor’s BioMaryland 2020 strategy, the state plans to bolster the sector with more private investment and increased commercialization of basic R&D work. It’s sinking $1.3 billion into programs over 10 years. Notably, even in these tight times, Maryland is forging ahead, raising its biotech tax credit and approving the InvestMaryland plan, which provides tax credits to insurance companies for investing in the Maryland Venture Fund.


Minneapolis-St. Paul: Exporting Technology

Export know-how and medical technology are the edge for Minnesota’s Minneapolis-St. Paul. Despite a reputation as being unfriendly to business, the region has a lot going for it: An educated workforce (nearly 38% have a college degree). A patent rate that’s double that of the U.S. as a whole. And 21 Fortune 500 firms that call the region home. Among the area’s business initiatives is the Entrepreneurship Accelerator. Funded by nonprofits and local government, the multimillion-dollar, 10-year project is committed to financing about 50 start-ups.

Working with the Brookings Institution, the Twin Cities are also crafting an export strategy to capitalize on their strong base of medical device companies and industry collaboration with the Mayo Clinic. As ever more miniature devices to deliver therapies via cells are developed, the area is well positioned to grow from its current rank as 15th-largest exporter among cities.


Ohio's Manufacturing Revival

Ohio is hitching its wagon to advanced manufacturing. The Buckeye State aims to retool its ailing old-school industries to produce 21st-century technologies, replicating in a variety of venues the transition that Toledo glassmaker Pilkington North America made to photovoltaic materials. One of Ohio’s long-term bets: Flexible electronics—circuits imprinted on polymer films—parlaying expertise developed at Kent State University.

To help with the transition and boost job creation, Gov. John Kasich (R) has recruited a Silicon Valley venture capitalist to head JobsOhio, a nonprofit group run by government appointees and financed by the lease of Ohio’s liquor franchise.

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MGTA Announces New Online Global Trade Vendor Finder Tool

by Jana Mazie

MGTA is proud to announce a new online platform to allow companies conducting international trade to easily find the service providers that best support their importing and exporting needs. The Online Vendor Finder allows professionals to:

  • Find organizations by service categories
  • Compare company descriptions
  • Access websites
  • Contact service providers directly

Learn more!

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Country of the Month: Colombia

by Kevin Johnson, Best Buy Co., Inc.

Geography
Area: 1.14 million sq. km. (440,000 sq. mi.); about the size of California and Texas combined; fourth-largest country in South America.
Cities: Capital – Bogota (pop. 8.26 million; 2011). Other major cities include Medellin, Cali, Barranquilla, and Cartagena.
Terrain: Flat coastal areas, with extensive coastlines on the Pacific Ocean and Caribbean Sea, three rugged parallel mountain chains, central highlands, and flat eastern grasslands.
Climate: Tropical on coast and eastern grasslands, cooler in highlands.

People
Nationality: Noun and adjective – Colombian(s).
Population (2011): 46.04 million.
Annual population growth: 1.2%.
Religion: 80% Catholic; 13.5% non-Catholic Christian; 4.5% other religious groups (including Seventh Day Adventist, Mormon, Jehovah’s Witness, Islam, and Judaism); 2% no religion.
Language: Spanish.
Education: Education is free and compulsory for the first 5 years; only 5 years of primary school are offered in many rural areas. Attendance – 90% of children are enrolled in primary school; 74% in secondary schools. Literacy – 93% (2009).
Health: Infant mortality rate – 16/1,000. Life expectancy – total population 75 years, men 71.27 years, women 78.03 years.
Ethnicgroups: Mestizo (58%), white (20%), mulatto (14%). The population of Afro-Colombians and indigenous groups is officially reported to be around 10%. Non-governmental groups (NGOs) and human rights groups estimate this number may actually be more than 25%.

Trade
Colombia is the United States' third-largest export market in Latin America behind Mexico and Brazil. U.S. exports to Colombia in 2010 were $12.1 billion, up 26% from the previous year. U.S. imports from Colombia in 2010 were $15.6 billion, up 38% from 2009 due to high crude oil prices and a low dollar. Colombia's major exports are petroleum, coffee, coal, nickel, cut flowers, and bananas. The United States is Colombia's largest trading partner, representing about 41% of Colombia's exports and 27% of its imports.

Government
Type: Republic.
Independence: July 20, 1810 (from Spain).
Constitution: July 5, 1991.
Branches: Executive – president (head of state and government). Legislative – bicameral Congress. Judicial – Supreme Court, Constitutional Court, Council of State, Superior Judicial Council. The Prosecutor General is nominated (along with two other candidates) by the president and elected by the Supreme Court. This office is not a part of the executive branch; it is an independent agency.
Administrative divisions: 32 departments; Bogota, capital district.
Major political parties: Colombian Conservative Party, Colombian Liberal Party, Social Party of National Unity, Radical Change, Alternative Democratic Pole, Party of National Integration, and numerous smaller movements.
Suffrage: Universal, age 18 and over.

Economy
GDP (purchasing power parity; International Monetary Fund (IMF) 2010): $435.1 billion.
GDP (current prices; IMF): $285.5 billion.
Annual growth rate: 4%-6% (2011 projected); 5.1% (first quarter 2011).
Per capita GDP (purchasing power parity; IMF 2010 est.): $9,566.
Natural resources: Coal, petroleum, natural gas, iron ore, nickel, gold, silver, copper, platinum, emeralds.
Industry (14.4% of GDP):Types – textiles, garments, footwear, chemicals, metal products, cement, plastic resins and manufactures, beverages, wood products, pharmaceuticals, machinery, electrical equipment.
Agriculture (7.1% of GDP):Products – coffee, bananas, cut flowers, cotton, sugarcane, livestock, rice, corn, tobacco, potatoes, soybeans, sorghum, cocoa beans, oilseed.
Services (46% of GDP): Government services, financial services, commerce, transportation and communication, construction and public works, utilities.
Mining (7.8% of GDP): Main products – coal, gold, nickel.
Trade: Exports (2010 est.) – $39 billion: petroleum, coffee, coal, nickel, emeralds, apparel, bananas, cut flowers. Major markets – U.S., E.U., China, Ecuador. Imports (2010 est.) – $41 billion: machinery/equipment, grains, chemicals, transportation equipment, mineral products, consumer products, paper products, oil and gas industry equipment, electricity. Major suppliers – U.S., China, Mexico, Brazil, Germany.

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Do you know an MGTA member who was recently promoted or hired to an import/export company? Know of a member who recently got married or had a new addition to the family? Share the good news with your industry colleagues by emailing JLloyd@scoular.com.

Who Said it?

"You learn far more from negative leadership than from positive leadership. Because you learn how not to do it. And, therefore, you learn how to do it.”
– Norman Schwarzkopf

"Blessed is he who has learned to admire but not envy, to follow but not imitate, to praise but not flatter, and to lead but not manipulate.”
– William A. Ward

"It is amazing what you can accomplish if you do not care who gets the credit.”
– Harry S. Truman

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Thank you Newsletter Sponsor:

Port of Seattle

2011 Annual Sponsors:

 

BremerZepol

CH RobinsonDrinkerJacobson Companies

HMMKing Solutions

Neville Peterson LLPWilliams Mullen

© 2011 Midwest Global Trade Association. All Rights Reserved.
World Trader is distributed bi-monthly to MGTA members.
Articles submitted by our membership do not express the views of MGTA or the Board of Directors. If you would like to submit an article for publication in the World Trader, please contact the MGTA office at office@mgta.org.

Midwest Global Trade Association
1000 Westgate Drive, Ste. 252 | St. Paul, MN 55114
p 651.290.7482 | f 651.290.2266 | office@mgta.org |
www.mgta.org


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