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PROFILE YOUR COMPANY ON ExportJERSEY!
www.exportjersey.com
Founded in 2014
Edition # 288 ExportJERSEY Updates!
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*** Emails related to EXPORT will be held and sent in one email on Friday only.
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Our mission:
ExportJERSEY is supported by dedicated New Jersey businesses, entrepreneurs and government entities, who want to promote and increase New Jersey’s exports. We believe it’s vital to create one complete website directory, listing New Jersey’s Exporters and Export Service Providers, as a resource for foreign governments and foreign companies. As well as a resource for U.S. Departments of Commerce. www.exportjersey.com
*** IF YOU WOULD LIKE A LINK FOR THIS UPDATE, IN ORDER TO PASS FORWARD EMAIL> “Request Link”
trade@exportjersey.com
*** JERSEY EXPORTERS AND SERVICE PROVIDERS, REVIEW YOUR OPTIONS TO PROFILE YOUR COMPANY ON ExportJERSEY> http://www.exportjersey.com/?page=profile
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10 UPDATES:
* EXIM CHINA.
* FINTECH.
* $2.2 TRILLION EXPORT.
* EXPERIENCED EXPORTER.
* SPANISH WEBINARS.
* IMPROVE EXPORTING.
* NEW TO EXPORTING?
* AEROSPACE/DEFENSE.
* ADVANCED MANUFACTURING.
* POWER AFRICA.
+ GRANTS-EXPORT ASSISTANCE
#1:
Subject: New to Exporting? Start with this Assessment. Export Today.
The U.S. Commercial Service provides new exporters tips on breaking into the international marketplace. |
#2:
Subject: Questions for the Experienced Exporter. Open Export Today.
The U.S. Commercial Service provides experienced exporters tips on growing international business. |
#3:
Subject: Answer these questions to improve your exporting business. Export Today.
The U.S. Commercial Service provides growing exporters with tips on expanding international business. |
#4:
Subject: Advanced Manufacturing - December 2020 Newsletter
Resources to Give Your Company a Competitive Advantage |
December 2020 Exporter Newsletter
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Featured Events
April 12-16, Hannover Messe, Germany
HANNOVER MESSE is the leading industry event to showcase the latest solutions for the whole manufacturing value-adding chain, from industrial production to logistics, to industrial energy systems, with an emphasis on Industry 4.0.
The 2021 edition of HANNOVER MESSE will be infused with a robust virtual component that greatly enhances the traditional in-person experience of the world’s largest industrial technology event. HANNOVER MESSE 2021 hybrid gives an option for manufacturers to upgrade their skills and to network with their peers and solutions providers to a wider audience, extended reach, no travel necessary, new tools for matchmaking, videos and participation levels to suit any budget.
Deadline Extended: To help HANNOVER MESSE 2021 exhibitors during these difficult times, cancellation without penalty has been extended to December 31, 2020
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As the largest plastics trade show in the Americas with the single largest concentration of professionals in the U.S. plastics industry, NPE, held every three years, is where the world comes to meet the U.S. marketplace. |
NPE2021 is held by the Plastics Industry Association (PLASTICS) and provides an unparalleled look at how the plastics industry is transforming tomorrow as a platform for technological ingenuity and innovation in the plastics industry—automation, robots, machinery and equipment, three- and four-dimensional printing, mold components, industrial polymers, and more. http://www.npe.org.
Showtime - Business to Government (B2G) Meetings The U.S. Department of Commerce's U.S. Commercial Service will offer one-on-one meetings for U.S. firms at NPE2021 to advise on selection of foreign markets, a strategy for global expansion, trends of the plastics industry in a market, overcoming challenges and making the most of opportunities. Details to follow!
For more information and questions, contact: Deborah.Dirr@trade.gov (937) 776-4020 or Todd.Hiser@trade.gov (216) 570-4566
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Webinars
Dec. 2 - e-Commerce webinar Series: China, No Cost.
Dec. 3 - Fundamentals of Export Compliance & Management highlights on how to develop, implement, and maintain an Export Management and Compliance Plan,
Dec. 9 - Trade Credit for U.S. Exporter to Asia will explore the current state of the market, credit tools available to exporters, and how one company used them.
Dec. 10 - BREXIT - Now What? - The UK will end its transition period with the EU on December 31, 2020. Hear the latest on cross-border trade (U.S.-UK and UK–EU) and new regulatory landscape.
Dec. 10 - Rail Infrastructure Opportunities in Mexico, No Cost.
Dec. 15 - Patent Litigation and Invalidation in China, USPTO
Dec. 17 - Due Diligence and Effective Customer Screening on customers and transactions.
Click here for list of all USCS Webinars
Trade Shows
Dec. 8-10, Mexico's Auto Industry Summit (Virtual), B2B with OEM buyers exclusively arranged for U.S. manufacturers, also email for market counseling details.
March 9-11, Plastimagen, Mexico City, Mexico
March 14-18 - MENA Infrastructure Summit, UAE & Saudi Arabia
April 12-16, Hannover Messe, Industrial Show, Germany
April 13-15, Expo Manufactura,Monterrey, Mexico
April 26-29, Rapid + TCT, McCormick Place, Chicago
May 4-6, FABTECH Mexico, Fabrication, Monterrey, Mexico
May 23-28 - 2021 Caribbean Trade Mission & Conference
June 1-3, JEC WORLD, Composites, France. Email for details on U.S. Pavilion at show. |
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FIND YOUR LOCAL U.S. COMMERCIAL SERVICE OFFICE HERE
U.S. Commercial Service available to connect you to export business opportunities in markets around the world – with Virtual Export Promotion Services |
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#5:
Subject: $2.2 Trillion—Thank You Exporters!
Appreciation for overcoming tremendous challenges this year |
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Thank You.
As 2020 winds down, we’re celebrating you and all you have achieved during this unprecedented year.
Through grit, determination, and ingenuity, U.S. firms exported $2.2 trillion* U.S.-made products and services to customers around the world.
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Whether you have…
• Exported to your existing international customers
• Pivoted to international eCommerce sales
• Investigated potential opportunities
• Expanded to a new global market
• Exported for the first time
• Or created an export plan
You have helped strengthen your local communities and the U.S. economy, and for this we are thankful!
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#6:
Subject: Webinar: Power Sector Opportunities in South Africa, Part 1 - Renewable Energy & Energy Storage | December 14
#7:
Subject: "U.S. - U.K. FinTech Exchange" Webinar (What's New in Exporting.)
U.S. - U.K. FinTech Exchange |
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December 9, 2020, 10 a.m. - 11:15 a.m. ET
There is no cost for this webinar.
This free webinar is a collaborative effort within the U.S. – U.K. Financial Innovation Partnership Commercial Pillar to bring together fintech companies to expand commercial opportunities and stakeholders on both sides of the Atlantic. The exchange discussion will serve to deepen fintech trade and investment ties and understanding between the United Kingdom and the United States of America fintech ecosystems.
Speakers include: Maria Gotsch, President & CEO of NYC FinTech Innovation Lab; Charlotte Crosswell, CEO, UK Innovate Finance; Sandra Ro, CEO, Global Blockchain Business Council; and Ed Ackerman, Director of Alliances and Partnerships, Onfido.
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#8:
Subject: Aerospace/Defense Export Event Update Dec 2020
#9:
Subject: PRESS RELEASE: EXIM Advisory Committee Meets to Discuss EXIM’s Content Policy and Program on China and Transformational Exports
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EXIM Advisory Committee Meets to Discuss EXIM’s Content Policy and Program on China and Transformational Exports
Votes to Send Letter to EXIM Board Encouraging Modernization of Agency’s Content Policy for Transformational Exports
FOR IMMEDIATE RELEASE December 3, 2020
Media Contact Name/Phone: Office of Communications (202) 565-3207
WASHINGTON – The Export-Import Bank of the United States (EXIM) Advisory Committee convened its quarterly meeting virtually yesterday to discuss EXIM’s role in countering aggressive export credit financing from the People’s Republic of China (PRC), and how modernizing EXIM’s content policy for transformational exports ensures U.S. workers have the best opportunity to succeed in today’s global marketplace.
The Advisory Committee also discussed and voted to send a letter encouraging the EXIM Board of Directors to modernize EXIM’s content policy for transformational exports, as defined in EXIM’s historic seven-year reauthorization.
The meeting was opened by EXIM Advisory Committee Chair Stevan Pearce, and remarks were provided by EXIM President and Chairman Kimberly A. Reed, who outlined the feedback she has received during her time at EXIM from exporters and stakeholders.
Counselor to the Chairman and Senior Vice President David Trulio provided Advisory Committee members with strategic context around competition with the PRC, and an update on the Program on China and Transformational Exports (Program). Under EXIM’s reauthorization, the agency is charged with supporting U.S. innovation, employment, and technological standards through direct exports in the following transformational export sectors:
- Artificial intelligence.
- Biotechnology.
- Biomedical sciences.
- Wireless communications equipment (including 5G or subsequent wireless technologies).
- Quantum computing.
- Renewable energy, energy efficiency, and energy storage.
- Semiconductor and semiconductor machinery manufacturing.
- Emerging financial technologies.
- Water treatment and sanitation.
- High-performance computing.
EXIM Chief Banking Officer Stephen Renna joined Trulio in a discussion of the severe limitations of EXIM’s current content policy in supporting exports in transformational export sectors. Trulio noted that the greatest obstacle to using EXIM financing in transformational export sectors, as identified by the more than 1,100 exporters and stakeholders who participated in this year’s Strengthening American Competitiveness Initiative, is EXIM’s domestic content requirement.
Senior Vice President for Policy and International Relations Jim Cruse compared EXIM’s content policy to that of international competitors, noting that EXIM’s current policy is the most restrictive of the world’s major export credit agencies. Korea’s export credit agency KSURE has a 30% domestic content minimum, Germany’s Euler Hermes has a 51% domestic content minimum (30% for environmentally beneficial transactions), and Canada’s EDC can go as low as 0% content based on the national benefit of the transaction.
Ambassador Paula Dobriansky, EXIM Advisory Committee Member and Chair of the EXIM Advisory Committee Subcommittee on Strategic Competition with the People’s Republic of China (informally known as the Chairman’s Council on China Competition), also provided the Advisory Committee with an update from the Subcommittee, which last week met to discuss and draft a letter to Advisory Committee Chair Pearce encouraging EXIM to modernize its content policy.
EXIM Advisory Committee Virtual Meeting. Top row (l-r) Jim Cruse, David Trulio, C. Derek Campbell, EXIM Chairman Kimberly A. Reed, EXIM Advisory Committee Chairman Steve Pearce; Middle row (l-r) Maria Cino, Venkee Sharma, Ambassador Paula Dobriansky, Elaine Dezenski, Bill Huntington; Bottom Row (l-r) Rodney Ferguson, Joanne Young, Stephen Renna, Sean McGarvey
“I thank Chair Pearce and the Advisory Committee and Ambassador Dobriansky and the Chairman’s Council on China Competition for their thoughtful and thorough insight and advice on EXIM’s new Congressionally-mandated Program on China and Transformational Exports and related policies that our Board may need to modernize to ensure EXIM can support the key export sectors identified in the historic reauthorization legislation, like 5G, artificial intelligence, renewable energy, and semiconductors,” said Chairman Reed. “As the Advisory Committee recognized, U.S. exporters seeking to sell their high-quality goods and services around the world face intense competition, particularly from the People’s Republic of China. I have heard from an overwhelming number of businesses, high-level government officials, allies, partners, and stakeholders that EXIM’s decades-old content policy must evolve to support today’s transformational sectors.”
“U.S. businesses and workers are increasingly competing against entities that have the full weight of the PRC government behind them,” said Chair Pearce. “Modernizing EXIM’s content policy will make American exporters more competitive, supporting workers and increasing U.S. leadership around the world.”
“I thank the committee members for their time and review of EXIM’s content policy,” said EXIM Board Member and former Member of Congress Spencer Bachus, who highlighted that EXIM’s content threshold is much higher than elsewhere in the U.S. Government. “U.S. exporters have long identified China as their greatest competitor abroad–and this policy specifically as a hindrance–and EXIM is committed to supporting U.S. businesses and workers as they compete globally.”
“The United States must maintain its global leadership role in clean energy. Over the past decade, other nations like China and Russia have been rapidly growing their energy exports putting the climate, our national security, and job growth at risk. Bringing EXIM’s content policy in line with other federal agencies and export credit agencies of allies and OECD members will make it easier for U.S. companies to advance clean energy around the globe,” said Rich Powell, Executive Director of Clearpath, and a member of EXIM’s Advisory Committee. “Not only will this make it easier for EXIM to meet its clean energy goals, it will also support high-quality jobs here in America.”
“Companies like mine know first-hand the challenges of staying competitive in an ever-changing global marketplace. It’s great to see Chairman Reed and the EXIM board of directors take a sharp look at EXIM’s policies and bring them into the 21st century,” said Maria Cino, Vice President, Americas and U.S. Corporate Affairs, Hewlett Packard Enterprise. “Modernizing EXIM’s content requirements will level the playing field and support high-tech jobs here at home.”
Key recommendations in the letter included:
- EXIM should increase the competitiveness of its content policy to better align with other U.S. agencies and foreign export credit agencies. Specifically, we recommend a U.S. content minimum of 20-30 percent to better level the playing field with our foreign allies and competitors within the Organisation for Economic Co-operation and Development (OECD) such as Japan and the United Kingdom.
- EXIM should have flexibility in making a national interest determination similar to the guidelines governing the Advocacy Center at the U.S. Department of Commerce.
- EXIM should have dedicated resources to fund operating costs and financing flexibility to carry out the Program’s mission, including a yearly evaluation of the competitiveness of the Program vis-à-vis China.
- EXIM should be part of a holistic, whole-of-government approach to financing transactions, in concert with other tools and agencies of U.S. statecraft.
The Subcommittee letter can be accessed here.
EXIM’s existing content policy states that for medium and long-term transactions, the level of support for the net contract price will be the lesser of 85% of the value of all eligible exports in the U.S. Export Contract, or 100% of the U.S. content in all eligible exports in the U.S. Export Contract.
EXIM’s new Program on China and Transformational Exports directs EXIM to provide financial products to directly neutralize export subsidies offered by the PRC, helping to ensure a level playing field for U.S. businesses and workers as they compete globally. The program has the aim of advancing the comparative leadership of the United States and supporting U.S. innovation, employment, and technological standards globally in ten transformational export industries key to U.S. prosperity and security, including 5G, emerging financial technology, renewable energy, biomedical sciences, biotechnology, artificial intelligence, and high-performance computing.
The United States Congress established the EXIM Advisory Committee to advise the agency on its programs and “submit its own comments to the Congress on the extent to which the Bank is meeting its mandate to provide competitive financing to expand United States exports, and any suggestions for improvements in this regard.”
ABOUT EXIM:
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.
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#10:
Subject: 2020 - 2021 Upcoming Spanish Webinar Series
Where will the U.S. Census Bureau present next? |
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Upcoming International Trade Outreach Events
The U.S. Census Bureau provides valuable resources and training on understanding the Foreign Trade Regulations (FTR), classifying your commodities, filing export information, and utilizing international trade data. Learn more about these topics through webinars, tutorials, training videos, seminars, conferences and other useful tools to help you build a strong foundation in the fundamentals of exporting. Please visit our full calendar on our website. |
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Spanish Webinar Series
We are pleased to offer five Spanish webinars on export information that will assist you in preparing your export transactions. The webinars will cover how to classify your shipments, how to identify new markets abroad, submitting export shipment information in the Automated Commercial Environment, two-part session on the Foreign Trade Regulations and the ACE Export Reports demonstration. The webinar descriptions are listed below. We look forward to you joining the webinars and learning about the export process. All webinars are scheduled for 90 minutes starting at 2:00 EST.
Serie de seminarios digitales en español
Nos complace ofrecer cinco cursos virtuales en español que proveen información de exportaciones que le permitirán prepararse para sus envíos al exterior. Estos cursos cubrirán clasificación de mercancía, cómo identificar nuevos mercados en el exterior, cómo se transmite la información de los embarques en el Ambiente Comercial Automatizado (ACE, por sus siglas en inglés), dos sesiones que repasan las Regulaciones de Comercio Exterior (FTR, por sus siglas en inglés) y una demostración de los Reportes de Exportación en ACE. Aquí incluimos las descripciones de los cursos virtuales. Esperamos que pueda participar de los mismos y aprender sobre el proceso de exportación. Todos los cursos tienen una duración de 90 minutos y comienzan a las 2:00PM EST.
December 10, 2020: ACE AESDirect Export Filings Webinar (SPANISH) - ONLINE
This webinar will explain the Electronic Export Information (EEI) filing requirements through the Automated Export System (AES). We will discuss what details are required, how to transmit and how to ensure compliance with the Foreign Trade Regulations (FTR). We will also show step-by-step how to complete EEI filings in AESDirect and what to do after the details are accepted or rejected.
Time: 2:00 - 3:30 pm (EST)
Dial-in: 888-790-3163
Participant Passcode: 1 7 1 7 6 5 9
WebEx Link: https://uscensus.webex.com/uscensus/onstage/g.php?MTID=e135348f50b307133f593e3bb3141cbc0
WebEx Event Number: 199 076 6220
WebEx Event Password, if requested: Census1! (This password may be required when using certain mobile devices.)
10 de diciembre del 2020: Transmisiones en ACE AESDirect
Este seminario en línea explicará los requisitos al transmitir Información de Exportación Electrónica (EEI) a través del Sistema Automatizado de Exportación (AES). Se discutirá cual información es requerida, cómo transmitir y cómo asegurar su cumplimiento con las Regulaciones de Comercio Exterior (FTR). También se mostrará paso a paso como completar una transmisión de EEI en AESDirect y pasos a seguir después de la información ser aceptada o rechazada.
Hora: 2:00 - 3:30 pm (EST)
Número a llamar: 888-790-3163
Código de participante: 1 7 1 7 6 5 9
Webex: https://uscensus.webex.com/uscensus/onstage/g.php?MTID=e135348f50b307133f593e3bb3141cbc0
Número de Evento en Webex: 199 076 6220
Contraseña de Webex, si es requerida: Census1! (Esta contraseña puede ser requerida cuando se utilizan ciertos dispositivos móviles)
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January 13-14, 2021: Foreign Trade Regulations Webinar (SPANISH) - ONLINE
Foreign Trade Regulations' presentation within the AES Compliance seminar last 3 hours. In this event, we will have two sessions of 1.5 hours to keep our virtual audience engaged. Day One will cover legal requirements, fundamentals of an export shipment and data elements. Day 2 will discuss types of transactions, repairs, replacements and penalties. The information provided will help you to achieve compliance with your export shipments.
Time: 2:00 - 3:30 pm (EST)
Login information will be forthcoming.
13 y 14 de enero del 2021: FTR - Regulaciones de Comercio Exterior
En los seminarios de cumpimiento del Sistema Automatizado de Exportación (AES por sus siglas en inglés) tomamos tres horas para discutir las regulaciones de comercio exterior En el mundo virtual entendemos que nuestra audiencia disfrutará más de dos clases de 1.5 horas. En el primer día se hablará sobre los requisitos legales, los fundamentos para una exportación y los datos requeridos. En el segundo día se conversará sobre transacciones estándar, transacciones en ruta, reparaciones, reemplazos y penalidades. Estas dos clases le proveerán información indispensable para que sus exportaciones estén en cumplimiento con las regulaciones de comercio exterior.
Hora:2:00 - 3:30 pm (EST)
Información para accesar la sesión será provista.
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February 18, 2021: Advanced ACE Export Reports Webinar (SPANISH) - ONLINE
This webinar will provide an advanced tutorial to the export reports feature in the Automated Commercial Environment (ACE). Topics covered will include:
- Overview of ACE Export Reports
- Demonstration of:
- Accessing export reports,
- Creating an Ad Hoc report,
- Modifying report queries and filters, and
- Scheduling a recurring report.
Time: 2:00 - 3:30 pm (EST)
Login information will be forthcoming.
18 de febrero del 2021: Seminario web de informes de exportación avanzados
Este seminario web proporcionará una clase avanzada sobre la función de informes de exportación en el Automated Commercial Environment (ACE). Se conversará sobre los siguientes temas:
- Descripción general del informe de exportación ACE
- Demostración de los siguientes temas:
- Acceso a informes de exportación,
- La creación de un informe ad hoc,
- La modificación de consultas y filtros de informes, y
- La calendarización de un informe periódico
Hora: 2:00 - 3:30 pm (EST)
Información para accesar la sesión será provista. |
We're Here to Help
For international trade assistance, contact us at 1-800-549-0595 and select the following options:
Trade Data Collection Branch, Option 1 - Export Filing, AES and AESDirect
Micro Analysis Branch, Option 2 - Commodity Classification
Trade Regulations Branch, Option 3 - Regulatory Matters (FTR) & VSDs
Macro Analysis Branch, Option 4 - Trade Data and USATrade Online
Data User and Trade Outreach Branch, Option 5 - Export Reports and Outreach Activities
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EXPORT ASSIATANCE:
Subject: NJ State Trade Expansion Program
Allowable Expenses for the 2021 NJ STEP Program |
President
ExportJERSEY
trade@exportjersey.com
732-890-0226
www.exportjersey.com
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