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A monthly partnership publication of
the Louisiana Department of Economic Development
the New Orleans U.S. Export Assistance Center
and the World Trade Center of New Orleans |
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TABLE OF CONTENTS
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WTC LAUNCHES 1ST STOP FOR INTERNATIONAL COMPANIES
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FRENCH AMBASSADOR TO SPEAK AT WTC ON NOVEMBER 29
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AMBASSADOR
OF THAILAND TO SPEAK ON U.S.-THAI RELATIONS
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LOUISIANA
EXPORTS SURGE 16.2 % IN FIRST NINE MONTHS
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LOYOLA
SEMINAR ON BUSINESS CHALLENGES IN LATIN AMERICA
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SPANISH FLAMENCO DANCERS TO PERFORM AT TULANE
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BEAUJOLAIS NOUVEAU
FESTIVAL
-
PERU: MARKET OF THE
MONTH
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EXPORT
TRADE LEAD FOR PUMPS IN VLADIVOSTOK
-
POWER GEN 2006 IN
ORLANDO
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| The World Trade Center (WTC) of New Orleans has initiated 1st Stop for
International Business Services to assist international companies seeking
trade and investment opportunities as part of the rebuilding and economic
recovery taking place in southern Louisiana following Hurricanes Katrina and
Rita. 1st Stop provides these companies with a single point of access to
publicly-available statewide business and economic development information,
as well as productive contacts in Louisiana’s business community.
The 1st Stop program is being undertaken in cooperation with Louisiana
Economic Development (LED) and the Louisiana International Trade
Center/Small Business Development Center (LITC/SBDC).
The 1st Stop program was launched in part with a grant from LED.
“Louisiana’s economy will move forward on the strength of innovative ideas
and talented people - from within our state, around the nation and the
world. 1st Stop offers all of these for international investors and business
people looking at the unique opportunities Louisiana offers. It’s a great
addition to the economic development arsenal Louisiana employs to attract
and expand business,” said LED Secretary Michael J. Oliver.
1st Stop is staffed by a cadre of student interns from local
universities, with WTC members volunteering their business expertise to
supplement the WTC staff resources. 1st Stop personnel respond to the
numerous requests for information and assistance being received from
companies around the world concerning the range of rebuilding opportunities.
In recent months, for example, the student interns have assisted the members
of inbound trade and investment delegations from the Netherlands, France,
Sweden, Australia, China, Thailand, and Canada in conducting market research
and identifying potential business partners in Louisiana.
1st Stop also has been providing information to companies abroad in
response to inquiries about U.S. duty rates and trade regulations, the Go
Zone tax incentives, work visas, company formation in Louisiana, the area’s
transportation infrastructure, and related subjects.
The 1st Stop concept arose earlier this year out of discussions by the
members of the WTC’s International Business Committee, chaired by Corrado
Giacona II. “The huge interest expressed by international companies in the
rebuilding taking place created a need for new ways to assist those
companies and provide them with information about local business conditions
and contacts,” Mr. Giacona said. “Recruiting volunteer university students,
with supporting expertise from WTC members and their companies, was a
practical, quick way to respond to those needs.”
Currently 10 student interns work 12 hours or more a week at the 1st Stop
office, in Suite 2932 in the WTC Building at 2 Canal Street in New Orleans.
The office is adjacent to the LITC/SBDC, which provides individual
counseling and technical training on exporting and importing to Louisiana
individuals and companies. In addition to assisting companies abroad, the
student interns are currently adding relevant information regarding
Louisiana’s economy to the 1st Stop website and expanding the WTC’s
databases on the state’s principal economic and business sectors.
1st Stop is managed by Nicholas Bousquet, a recent graduate of Loyola
University’s College of Business Administration, who himself was a student
intern with the WTC during the Spring 2006 semester.
Mr. Bousquet may be reached at (504) 529-1601, ext. 262 or via e-mail at
1ststop@wtcno.org.
1st Stop’s website can be accessed at
www.wtcno.org/1ststop.
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| On Wednesday, November 29 the World Affairs Council of New Orleans will
host H.E. Jean-David Levitte, Ambassador of France to the United States, at
a luncheon program at the Plimsoll Club of the World Trade Center. The
subject of the Ambassador’s presentation will be “France and Louisiana:
Together in a World Transformed.”
A networking opportunity and cash bar will be available at 11:30 a.m. and
lunch will begin at 12:00 noon. Validated parking is available in the WTC
parking garage. The cost of the luncheon is $35 for WAC/N.O. members and $45
for non-members and guests. Students are $30 with I.D. For reservations,
mail a check to the “World Affairs Council of New Orleans” at 2 Canal
Street, World Trade Center, Suite 2323, New Orleans LA 70130-1507 by
November 24. Any RSVPs after November 24 are an additional $10 per
reservation (subject to availability).
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| The World Trade Center, Honorary Consulate of Thailand, and other
organizations will sponsor a luncheon program on Monday, November 13 in the
Plimsoll Club of the WTC on “The Outlook on the U.S.-Thailand Relationship”
featuring H. E. Virasakdi Futrakul, Ambassador of Thailand to the United
States.
Amb. Futrakul assumed his post as Ambassador of the Kingdom of Thailand
to the United States in March 2006. He began his career with the Ministry of
Foreign Affairs in 1974 and has held high-level assignments as Thailand's
Ambassador to France, Canada, and Myanmar prior to his current position as
Ambassador to the United States. Amb. Futrkul holds a Bachelor’s degree in
Political Science from the University of Washington and a Master’s degree in
Foreign Affairs from the University of Virginia. He also attended the
National Defense College in Thailand. For information about Thailand, visit
the Embassy's website at
www.thaiembdc.org.
To register on-line for the luncheon program, click
here.
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Louisiana's worldwide merchandise exports, which were
slowed in 2005 by Hurricanes Katrina and Rita, resumed their
strong growth in the first three quarters of 2006 and are headed toward a record-breaking
year, according to a report issued today by the World Trade Center of New
Orleans.
The state’s total export value reached $16.2 billion in the January-September 2006
period, compared to $14.4 billion one year earlier, a 16.2 percent increase,
which outpaced total U.S. export growth of 14.7 percent. Louisiana's
record year for exports was in 2004 with $19.9 billion of shipments abroad.
Agricultural products,
chemicals, petroleum and coal, and processed food products were Louisiana's top
four export sectors. The state's leading
export markets were Japan, Mexico, and Canada.
The WTC report was generated by the World Institute of Strategic Economic
Research (WISER) from U.S. Census Bureau data. It covers the exports of both
Louisiana originating products and some major commingled bulk commodities
(especially grain and coal) produced in other states that are shipped abroad
from Louisiana's ports and recorded as Louisiana exports because of the
difficulty of identifying the actual states of origin.
Export shipments of agricultural products through Louisiana’s lower
Mississippi River ports – which account for over 50 percent of U.S. grain
exports – were especially affected by the storms and the temporary closure of
the ship channel a year ago. However, agricultural exports increased 18.8 percent
in value to $5.9 billion in the first nine months of 2006 over the same period
one year
ago.
After agricultural products, Louisiana's largest exports were chemicals ($3.9
billion, a 4.4 percent increase), petroleum and coal products ($3.0 billion, a
36.1 percent increase), processed foods ($1.6 billion, an 18.7 percent
increase), and transportation equipment ($489 million, a 17.8 percent increase).
"Louisiana's strong export performance -- both by our producers and
manufacturers and by our ports -- point to a record year by far for the state,"
said Larry Collins, Director of International Services with Louisiana Economic
Development. "The U.S.'s continued export growth and upward trends in the global
economy hold great potential for all areas of the state."
Japan was the number one market for Louisiana exports in the first
three quarters of
2006 with $1.75 billion (a 17.5 percent increase over 2005), followed by
Mexico ($1.69 billion), Canada ($1.35 billion), and China ($1.32 billion).
"The opportunities for Louisiana companies to sell their goods and services abroad have never been better," said Eugene Schreiber, Managing Director of the World Trade Center.
"In addition, the prospects for importing and attracting investments from abroad in the areas of modular and prefabricated housing, building materials, construction equipment, and environmental technologies in the post-Katrina rebuilding period are simply huge," he added.
Among all states, Louisiana ranked 13th, just behind Pennsylvania, Massachusetts,
and Indiana. Texas, California, and New York continued to be the top three
exporting states. Total U.S. exports in January-September of this year were $764
billion, a 14.7 percent increase over the same period in 2005.
The
following three charts summarize the data
reported above.
Trade reports that provide information on 32 industry
categories of Louisiana exports (NAICS) and 97 commodities (HS) to more than 200 countries worldwide, as well as
export totals of other U.S. states, are available on the WTC’s website by
clicking the links below.
Louisiana Exports by Country
(US $, NAICS Database)
|
|
Description |
Q3 2005 YTD |
Q3 2006 YTD |
% Change |
|
|
TOTAL ALL COUNTRIES |
14,383,914,751 |
16,710,991,131 |
16.2 |
|
1 |
JAPAN |
1,493,538,879 |
1,754,637,096 |
17.5 |
|
2 |
MEXICO |
1,632,496,724 |
1,686,278,688 |
3.3 |
|
3 |
CANADA |
1,132,212,664 |
1,348,075,228 |
19.1 |
|
4 |
CHINA |
1,236,297,484 |
1,321,644,831 |
6.9 |
|
5 |
NETHERLANDS |
532,431,384 |
773,835,879 |
45.3 |
|
6 |
SOUTH
KOREA |
368,291,131 |
614,593,507 |
66.9 |
|
7 |
BELGIUM |
362,545,907 |
504,460,823 |
39.1 |
|
8 |
EGYPT |
406,381,775 |
483,246,438 |
18.9 |
|
9 |
COLOMBIA |
409,963,964 |
437,116,284 |
6.6 |
|
10 |
BRAZIL |
293,156,646 |
349,801,882 |
19.3 |
Louisiana Exports by Industry
(US $, NAICS Database)
|
|
Description |
Q3 2005 YTD |
Q3 2006 YTD |
% Change |
|
|
TOTAL ALL INDUSTRIES |
14,383,914,751 |
16,710,991,131 |
16.2 |
|
1 |
AGRICULTURAL PRODUCTS |
4,999,080,559 |
5,938,775,474 |
18.8 |
|
2 |
CHEMICALS |
3,716,718,763 |
3,879,120,246 |
4.4 |
|
3 |
PETROLEUM AND COAL PRODUCTS |
2,183,223,331 |
2,970,187,858 |
36.1 |
|
4 |
FOOD
AND KINDRED PRODUCTS |
1,320,089,549 |
1,566,701,041 |
18.7 |
|
5 |
TRANSPORTATION EQUIPMENT |
414,993,888 |
488,770,083 |
17.8 |
|
6 |
MACHINERY, EXCEPT ELECTRICAL |
515,156,231 |
481,312,883 |
-6.6 |
|
7 |
PRIMARY METAL MANUFACTURING |
248,454,637 |
316,963,379 |
27.6 |
|
8 |
PAPER |
232,640,771 |
197,635,665 |
-15.1 |
|
9 |
FABRICATED METAL PRODUCTS, NESOI |
98,911,548 |
114,039,376 |
15.3 |
|
10 |
COMPUTER AND ELECTRONIC PRODUCTS |
60,107,693 |
110,840,992 |
84.4 |
U.S.
Exports by State
(US $, NAICS Database)
|
|
Description |
Q3 2005 YTD |
Q3 2006 YTD |
% Change |
|
|
TOTAL ALL STATES |
666,477,631,188 |
764,249,321,927 |
14.7 |
|
1 |
TEXAS |
95,283,137,717 |
110,555,865,026 |
16.0 |
|
2 |
CALIFORNIA |
85,510,792,970 |
94,729,563,450 |
10.8 |
|
3 |
NEW
YORK |
37,412,110,368 |
41,749,310,073 |
11.6 |
|
4 |
WASHINGTON |
27,641,569,043 |
37,994,546,307 |
37.5 |
|
5 |
ILLINOIS |
26,370,664,783 |
30,887,127,689 |
17.1 |
|
6 |
MICHIGAN |
27,646,895,109 |
30,090,859,468 |
8.8 |
|
7 |
FLORIDA |
24,665,554,492 |
28,247,420,329 |
14.5 |
|
8 |
OHIO |
25,747,658,556 |
27,636,180,685 |
7.3 |
|
9 |
NEW
JERSEY |
15,558,520,051 |
19,660,668,356 |
26.4 |
|
10 |
PENNSYLVANIA |
16,358,851,259 |
19,370,456,965 |
18.4 |
|
11 |
MASSACHUSETTS |
16,307,409,526 |
17,738,500,472 |
8.8 |
|
12 |
INDIANA |
16,015,688,654 |
17,118,199,256 |
6.9 |
|
13 |
LOUISIANA |
14,383,914,751 |
16,710,991,131 |
16.2 |
Data from U.S. Census Bureau, Foreign Trade Division provided by World Institute
for Strategic Economic Research (WISER)
All data Origin of Movement Series
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| Loyola University’s College of Business will hold a one-day seminar on
Friday, November 17 on “Challenges and Solutions for Doing Trade and
Business in Latin America.” The program will cover the results and there
will be panel discussions on three studies done by Loyola on the topics of
Port Efficiency, CAFTA Readiness, and Corruption. It will be held from 8:30
a.m. to 5:00 p.m. at Audubon Hall in the Student Center at Loyola.
Registration is $25 per person and includes breakfast, lunch, and cocktails.
Cash or check will be accepted at the door. The event is sponsored by the
College of Business, the National Center for Business Ethics at Loyola, the
World Trade Center, and the U.S. Department of Education. For additional
information or to register, contact Meghan DeCuir at (337) 344-7989 or
e-mail madecuir@loyno.edu.
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| The New Orleans Ballet Association (NOBA) presents the premiere of
Spain’s Noche Flamenca on Friday and Saturday, December 1-2 at 8:00 p.m. at
Tulane University’s Dixon Hall. This fiery ensemble of dancers, singers, and
guitarists are known for their transcendent and deeply emotional
performances. Tickets can be purchased by calling the NOBA box office at
(504) 522-0096 or TicketMaster at (504) 522-5555 or by ordering online at
www.nobadance.com. Single ticket
prices are $30-$80 with discounts for students, seniors, and subscribers.
The performances are sponsored by Dominion and Schlumberger. Hotel sponsors
are the Sheraton New Orleans Hotel and W New Orleans Hotel. The Media
Sponsor is El Tiempo New Orleans.
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| The French American Chamber of Commerce, Louisiana Chapter is holding
the Tenth Annual Festival du Beaujolais Nouveau at the Royal Sonesta Hotel
in New Orleans on Thursday, November 16 from 6:00 p.m. to 9:00 p.m. This
celebration is always a refreshing, festive event. In addition, the 2006
Beaujolais Nouveau installment will feature for the first time the tasting
of a wide variety of Beaujolais Villages and Beaujolais Grand Crus. The most
talented New Orleans chefs will prepare a bounty of culinary delicacies. A
Live Auction will feature two round-trip tickets from any gateways in the
U.S. to Paris or Nice, VIP Passes to the Space Shuttle Launch, artwork, gift
baskets, dinner certificates and much more. For reservations and membership
information, call Nathalie at (504) 561-0070, or return the completed linked
form to info@faccla.com, or fax it to
(504) 592-9999.
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| With a population of over 28 million, Peru offers significant
opportunities for U.S. companies. The U.S. currently serves as Peru’s
premier commercial and agricultural partner. High quality and competitively
priced products affords U.S. exporters a distinct advantage over Peru’s
other major trading partners, including its South American neighbors. This
advantage will be compounded by the US-Peru Trade Promotion Agreement (U.S.-PTPA)
as U.S. commercial interests gain greater market access and the overall
investment climate improves.
The most competitive sectors for U.S. exports include commercial products
such as: Plastic Materials/Resins, Mining Industry Equipment, Oil/Gas Field
Machinery, Food Processing and Packaging Equipment, Security/Safety
Equipment, Drugs/Pharmaceuticals, Airport/ Group Support Equipment and
Agricultural Products. Peruvian demand for U.S. educational services also
presents significant opportunities for American academic institutions
wishing to increase their international enrollment.
For current market research reports or additional information about Peru
log onto www.export.gov or contact the
New Orleans Export Assistance Center at (504) 589-6546.
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| The U.S. Commercial Service has a qualified trade lead for 73
submersible heavy-duty pumps used in municipal water supply stations and
sewage treatment plants for pumping water, sewage, and digested sludge.
Capacity: 720-3,200 cubic meters per hour, depending on each particular
pump. Terms of payment: LC or TBD. For additional information, contact Irina
Konstantinova with the U.S. Commercial Service in Vladivostok, Russia, at
Irina.Konstantinova@mail.doc.gov
or via telephone at 011-7-4232- 499381.
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| Power Industry Specialists from Chile, Colombia, Czech Republic, Greece,
Italy, Jordan, Kazakhstan, Korea, Mexico, Romania, Saudi Arabia, Slovak
Republic, South Africa, Sweden, Ukraine and Venezuela will be available for
one-on-one meetings with U.S. companies at the November 28-29 Power Gen Show
in Orlando, Florida. PGI is one of the largest electric power generation
industry events in the world, attracting more than 16,000 attendees and
1,100 exhibitors from over 75 countries. Request an appointment to talk with
USCS Power industry experts about how your company can tap into these major
power markets. To learn more about this “Showtime Program” or to register
for appointments, go to
http://www.buyusa.gov/eme/powergen.html. Advanced registration is
required no later than November 14 and appointments will be scheduled on a
first come, first served basis.
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The Louisiana International Trade Bulletin is a monthly
partnership publication of the:
Louisiana Department of Economic Development
New Orleans U.S. Export Assistance Center
World Trade Center of New Orleans
Information in the Bulletin is gathered from sources
considered to be reliable, but the completeness and accuracy of the information
cannot be guaranteed.
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