Doing Business in the United States of America Presented by Valeria Petaeva, Commercial Specialist, CS Prague Export Festival 2014 June 19, 2014
Progress and Innovation Cannot Be Stopped!
Czech – U.S. Trade Relations Year U.S. Exports to Czech Republic U.S. Imports from Czech Republic In USD billion; source: USDOC Since 2009, Czech exports to the U.S. have nearly doubled. Rank of Czech Republic among exporters to the U.S. constantly growing every year
U.S. Imports from Czech Republic 2013 Top 5 Products exported Czech Republic U.S. Cars (10%) Vehicle Parts (6.9%) Computers (6.1%) Video Displays (1.8%) Rubber Tires (1.6%)
1. U.S. Commercial Service in Prague
Our Services: Our Products for the U.S. Companies: Partner Search (IPS) Business Meetings (GKS) Trade Events Trade Missions Contact Lists Commercial Diplomacy Business Matchmaking In-Country Promotions
Our Services: U.S. Trade Fairs - International Buyer Program Our Products for the Czech Companies: U.S. partners search U.S. partners search Our Products for the Czech Companies: U.S. partners search U.S. partners search Commercial News USA magazine International Trade Fairs
International Buyer Program (IBP) Show NameIndustryWhen?Where? 2015 International CESICTJanuaryLas Vegas, NV NAHB International Builders' ShowDesign & ConstructionJanuaryLas Vegas, NV Shooting Hunting & Outdoor Trade Show and Conference Defense & SecurityJanuaryLas Vegas, NV International Production and Processing ExpoAgribusinessJanuaryAtlanta, GA DistribuTECH Conference and ExhibitionEnergy - Smart GridFebruarySan Diego, CA World of ConcreteDesign & ConstructionFebruaryLas Vegas, NV Progressive Insurance Miami International Boat Show Ground/Marine Transportation Equipment FebruaryMiami, FL Natural Products Expo West/EngredeaHealthcare/Consumer GoodsMarchAnaheim, CA International Home + Housewares ShowConsumer GoodsMarchChicago, IL NPE The International Plastics ShowcaseManufacturing - PlasticsMarchOrlando, FL The 2015 NAB ShowICT -BroadcastingAprilLas Vegas, NV 2015 Offshore Technology ConferenceEnergy - Oil and GasMayHouston, TX The National Restaurant Association, Restaurant, Hotel-Motel Show (NRA Show) Agribusiness/HospitalityMayChicago, IL WasteExpo 2015Environmental TechnologiesJuneLas Vegas, NV InfoComm International 2015ICTJuneOrlando, FL International Franchise ExpoFranchisingJuneNew York, NY Summer Fancy Food ShowProcessed FoodsJuneNew York, NY Annual Meeting and Clinical Laboratory Exposition of the American Association for Clinical Chemistry Health and MedicalJulyAtlanta, GA Outdoor Retailer Summer MarketTextiles and Apparel/Sporting goodsAugust Salt Lake City, UT WEFTEC 2015: Water Environment Federation Technical Exhibition and Conference Environmental TechnologiesSeptemberChicago, IL PACK EXPO Las VegasAgribusinessSeptemberLas Vegas, NV ASIS 2015 International 61st Annual Seminar & Exhibits SecuritySeptemberAnaheim, CA Greater New York Dental MeetingHealth and MedicalNovemberNew York, NY POWER-GEN InternationalEnergyDecemberLas Vegas, NV
2. Foreign Direct Investment (FDI) SelectUSA
U.S. Open Investment Policy “The United States reaffirms our open investment policy, a commitment to treat all investors in a fair and equitable manner under the law.” -Statement by the President of the United States, June 20, 2011
About SelectUSA SelectUSA’s mission is to promote and facilitate business investment in the United States. It is housed in the U.S. Department of Commerce and represented by the Commercial Service at U.S. Embassies and Consulates around the World. SelectUSA is geographically neutral and represents the entire United States. It uphold the U.S. open investment policy and performs uniquely federal functions. Our Clients: U.S. States, Regions, and Localities Companies (investors) SelectUSA Report: Foreign Direct Investment in the United States: Released on December 31, the report studies FDI in the United States by geography, industry, and economic impact.
Global FDI Trends 20 largest country recipients by FDI stock in 2012; Currency displayed at current market value. Source: UN Conference on Trade and Development The United States remains the largest recipient of FDI in the world. In USD Millions $3.9 Trillion
Reshoring “Reversal of outsourcing; the transfer of a business operation back to its country of origin.” Sources: The Economist, Jan 19th 2013: american-companies-are-moving-their-manufacturing-back-unitedhttp:// american-companies-are-moving-their-manufacturing-back-united
Czech investors in the U.S.
3. U.S. Business Climate
World Economic Forum’s Global Competitiveness rankings Hong Kong: #7Japan: #9China: #29 AT Kearney’s 2013 FDI Confidence Index China: #2 Germany: #7 UK: #8 #1 #5 #4 IESE Business School’s 2013 Venture Capital and Private Equity Index Canada: #2 UK: #3 Japan: #4 World Bank’s Ease of Doing Business 2013 Ranking Singapore: #1 Hong Kong SAR: #2 New Zealand: #3 #1 Ranking: FDI Confidence Index 1United States 2China 3Brazil 4Canada 5India 6Australia 7Germany 8United Kingdom 9Mexico 10Singapore Source: AT Kearney, 2013 U.S. Business Climate
Sources: Office of the U.S. Trade Representative; Central Intelligence Agency – The World Factbook; and Credit Suisse survey; 2 National Science Foundation Science and Engineering Indicators 2010; Kauffman Index of Entrepreneurial Activity ; 3. U.S. Patent and Trademark Office; 4. The Times Higher Education Report (U.K.); 5. OECD Labor Productivity Statistics Source: National Science Foundation Science and Engineering Indicators 2012 Strategic Market & FTAs Population of U.S. and FTAs is 742 million; U.S. 42% of Global Consumer Goods Market 1 Center for Global Innovation and Entrepreneurship U.S. Responsible for 33% of Total World R&D Expenditures (EU-27 accounted for 24%); Average 565,000 new businesses created per month in Strong Intellectual Property Rights Protections 52.2%of the Patents Granted in 2012 by the U.S. Patent Office Originated from a Foreign Country 3 A Leader in Higher Education 15 of the top 20 universities in the World (Europe has 4 of the top 20) 4 Productive Workforce U.S. labor productivity grew 1.5% between 2007 and 2012 (France: 0.2%, Germany: 0.3%, UK: -0.6%) 5 Open to People, Cultures, and Ideas U.S. Business Climate
FDI Employment in the United States Largest Concentrations of FDI Employees, 2011 RankState # Employees (in thousands) 1California Texas New York Illinois Pennsylvania Florida New Jersey Ohio North Carolina Georgia Massachusetts Michigan Virginia Indiana Tennessee South Carolina Maryland Connecticut Washington Minnesota93.9 FDI employment data for U.S. territories and District of Columbia is not disclosed. Source: U.S. Bureau of Economic Analysis 5.6 million U.S. workers are employed by subsidiaries of foreign-owned firms. 200, ,000 – 199,999 50,000 – 89,999 20,000 – 49,999 1 – 19,999 # FDI Employment by State
Our Services: Facts we should know about U.S. market: Regional approach*
Our Services: Facts we should know about U.S. market: StateIndustrial Hubs California Silicon Valley, Startup companies, Agriculture, Energy Texas Green energy, Oil and natural gas production, Aeronautics, Defense, Development of computer components and systems, software Washington Biotech and aerospace (Boeing) Computer software development (Microsoft, Nintendo of America) Online retailers (Amazon.com, Expedia, Inc.) Electronics, biotechnology, aluminum production, lumber and wood products (Weyerhaeuser) Florida Cosmetics, Fashion retail stores, Restaurant Chains, Health Sector (Health Management Associates, Blue Cross Blue Shield Association)
Our Services: Facts we should know about U.S. market: Regional approach* Standards are usually not determined by the government, but by the industry (e.g. American Petroleum Institute) State tax system is not unified Office of the United States Representative
Information About State Processes for Incorporation State Incentives Incentives/0911IncentiveChartsNotes.pdf Incentives/0911IncentiveChartsNotes.pdf State Comparison State International Development Organization Web Resources
Baker and McKenzie’s Legal Guide to Acquisitions and Doing Business in the United States wfirms wfirms Deloitte’s International Business Guide to Investing in the United States HLB International’s Guide to Doing Business in the USA U.S. Imports from Czech Republic Web Resources
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