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Kentucky Cabinet for Economic Development International Trade Division Helping Kentucky Companies Compete in the Global Market Place.

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Presentation on theme: "Kentucky Cabinet for Economic Development International Trade Division Helping Kentucky Companies Compete in the Global Market Place."— Presentation transcript:

1 Kentucky Cabinet for Economic Development International Trade Division Helping Kentucky Companies Compete in the Global Market Place

2 * American Chamber of Commerce Kentucky Goes Global KY’s exports rank 9 th in the nation on a per capita basis. In 2008, KY exported $19.1 billion in goods Over 40% of KY’s exports go to our NAFTA partners Canada and Mexico Nearly 1/5 of all KY manufacturing workers depend on exports for their jobs. *

3 The #1 Myth about International Trade “You have to be a large company to participate in the global marketplace.” Over 90% of Kentucky exporters are small to medium-sized businesses, 70% of which have fewer than 20 employees.

4 You Are Not Alone The Mission of the International Trade Division We provide opportunities and no-cost services to Kentucky companies wanting to sell abroad. Kentucky is committed to helping Kentucky’s businesses be competitive players in the global economy.

5 Taking Advantage of Global Trade 95% of the world's population and 2/3 rd of its purchasing power lie outside the US. Global companies grow twice as fast and pay 15% higher wages than domestic companies.

6 Kentucky Foreign Trade Offices CHINAMEXICO Your eyes and ears abroad: making travel arrangements and business appointments locating foreign buyers of Kentucky goods screening potential dealers, distributors, and agents facilitating contract negotiations & local regulation compliance arranging trade show exhibitions at reduced cost

7 Services to Kentucky Companies Counseling  export readiness assessments  feasibility studies re: export potential of your product  customized “road map” for how to export your product Research & Education  assessments of foreign markets  legal assistance with registrations, permits, contracts  financial assistance with bank financing, sales terms  logistics: shipping, customs, tariffs

8 Opportunities in Mexico Modernizing railroad system Modernizing and expanding airport system Changing trends in housing designs Environmental technology Hotel & restaurant sector Security sector Medical sector Wood and wood products

9 Expo Seguridad 2010 in Mexico

10 Glasscock Lumber in China

11 How to Get Started Exporting… It’s what we do! Cabinet for Economic Development International Trade Division Pick up the phone and call…

12 Jeanine Duncliffe International Trade Specialist International Trade Division Kentucky Cabinet for Economic Development Old Capitol Annex 300 West Broadway Frankfort, Kentucky 40601 Phone: (502) 564-7140 E-Mail: jeanine.duncliffe@ky.gov Web-Site: www.thinkkentucky.com


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