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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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BANKING ON DEVELOPMENT CONFERENCE ON MARCH 16
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MARCH
BUSINESS BRIEFING AND APRIL TRADE MISSION TO PANAMA
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LOUISIANA TRADE
MISSION TO OFFSHORE SHOW IN BRAZIL
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LOUISIANA
EXPORTS SET RECORD IN 2006 WITH $23.5 BILLION
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WORLD
AFFAIRS COUNCIL OF NEW ORLEANS EVENTS
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BRIDGER TO
SPEAK AT MARCH 21 LUNCHEON ON PUBLIC BELT
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APRIL 4
BRIEFING ON ASIA AND AUSTRALIA
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TRADE
MISSION TO SESAME EXCHANGE IN QUEBEC
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MARCH 20 FACC
BRIEFING ON MILITARY’S ECONOMIC IMPACT
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MAY 16
SEMINAR ON REVISED LETTER OF CREDIT REGULATIONS
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2007
LOUISIANA INTERNATIONAL TRADE DIRECTORY
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HEALTHCARE
TECHNOLOGIES MISSION TO CHILE AND BRAZIL
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| On Friday, March 16 the World Trade Center, in conjunction with the U.S.
Commercial Service, will present the Third Annual “Banking on Development”
Conference at the WTC’s Plimsoll Club. This year’s focus is financial risk
mitigation by leveraging Multilateral Development Bank (MDB) financial
products.
Each year, the World Bank, the Inter-American Development Bank, the Asian
Development Bank, the African Development Bank, and the European Bank for
Reconstruction and Development extend a combined total of almost $50 billion
in loans, grants, and investments to the public and private sectors for
economic and social development in developing markets. The March 16
conference provides a forum for participants to get in on the ground floor
of these international project and procurement opportunities.
More than 30 speakers and panelists will address Conference topics,
including: identifying potential business opportunities that one can pursue
through the MDBs; discovering opportunities in key sectors; new Bank
initiatives, developing policies, and political issues that impact U.S.
companies seeking Bank contracts and financial assistance; and strategies
that winning companies have used to construct their bids. For further
information or to register for the March 16 Conference, click
here or call the WTC at
(504) 529-1601, x222.
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| The U. S. Commercial Service, Louisiana Economic Development and the
Louisiana District Export Council, in conjunction with the World Trade
Center, are organizing a trade mission for Louisiana companies to Panama
April 15-19. Panama recently approved a project to expand the capacity of
the Panama Canal in a national referendum vote. The cost of the project is
estimated at $5.3 billion and is expected to take about 7-8 years to
complete. This massive project will provide tremendous opportunities for
U.S. providers of goods and services, including: Dredging Equipment &
Services, Engineering & Architectural Services, Project Management, Risk
Management & Legal Consulting Services, Construction Equipment, Materials &
Supplies, Maritime Equipment & Supplies, and other related industries.
During the mission, a Gulf Opportunity Zone Act (GO Zone) seminar will be
conducted by state officials to promote Louisiana as a destination for
Panamanian investments.
To give Louisiana companies a better idea of opportunities available to
them, Mr. Robert Jones, Senior Commercial Officer at the U.S. Embassy in
Panama, is traveling to New Orleans to speak at the World Trade Center on
Tuesday, March 13 to make a breakfast presentation on “Doing Business in
Panama,” Mr. Jones’ topics of discussion will include the Canal expansion
and procurement process, exporting to Latin America via Panama’s Colon Free
Trade Zone, major opportunities in the energy and construction industries,
and promoting Louisiana tourism and education in Panama. Mr. Jones also will
be available after the breakfast briefing for individual meetings by
appointment. Additional information and registration on the March 13
briefing are available by clicking
here.
For additional information on the April 15-19 trade mission to Panama or
to request an application packet, contact the mission coordinator, Marisol
Canedo, Louisiana District Export Council, (504) 589-6546, or via email at
marisol.canedo@mail.doc.gov.
The mission can accommodate only a limited number of participants and
registration is on a first-come, first-served basis.
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| Louisiana oil and gas industry companies are invited to join the
Louisiana Trade Mission that will participate in the June 19-22 “Brasil
Offshore 2007” Petroleum Show in Macaé, Brazil. Organized by Louisiana
Economic Development and the New Orleans Export Assistance Center, in
conjunction with the U.S. Commercial Service in Rio de Janeiro and Le Centre
International de Lafayette, the program will include a Louisiana booth at
the show, matchmaking meetings, networking opportunities, local
transportation, and other benefits.
Macaé is the major operational base for the exploration, drilling and
extraction of over 80 percent of Brazil’s offshore oil. The region is dotted
with more than 500 of the total 800-plus offshore exploration and production
wells in Brazil. The city of Macaé houses several Petrobras operations,
including the large Campos Basin Unit. In addition, over 3,500 oil and gas
equipment and service suppliers have facilities in Macaé.
For additional information, contact Delilah DeSouza, New Orleans Export
Assistance Center, at (504) 915-3301 or e-mail
delilah.desouza@mail.doc.gov.
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Louisiana's worldwide merchandise exports, which were slowed in 2005 by
Hurricanes Katrina and Rita, hit an all-time record of $23.5 billion in 2006, an
increase of 22.2 percent in value, according to a report issued today by the
World Trade Center of New Orleans. The state’s previous export high was in 2004
with $19.9 billion of shipments abroad; in 2005 they reached $19.2 billion
despite the storms.
Agricultural products, chemicals, petroleum and coal, processed foods, and
transportation equipment were Louisiana's top five export sectors in 2006, all
of which reflected strong gains. The state's principal export markets were
Japan, China, Mexico, Canada, and the Netherlands.
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 in 2005. However, agricultural exports increased 27.1 percent
to $9.1 billion in 2006, returning to pre-Katrina levels in both value and
volume.
"Louisiana's strong export performance reflected a remarkable surge in trade
for the entire state ," said Larry Collins, Director of International Services
with Louisiana Economic Development. “The outlook for global commerce and
continued Louisiana growth is very promising.”
After agricultural products, Louisiana's largest exports in 2006 were
chemicals ($5.1 billion, a 9.3 percent increase), petroleum and coal products
($3.9 billion, a 41.6 percent increase), processed foods ($2.2 billion, a 21.0
percent increase), and transportation equipment ($711 million, a 35.1 percent
increase).
“We are seeing companies all over the state increasing their sales to all
parts of the world,” said Donald van de Werken, Director of the New Orleans
Export Assistance Center. “The opportunities for Louisiana companies to do
business abroad have never been better.”
Japan was the number one market for Louisiana exports in 2007 with $2.50
billion (a 23.9 percent increase over 2005), followed by China ($2.21 billion),
Mexico ($2.19 billion), Canada ($1.79 billion), and the Netherlands ($1.13
billion).
"In addition to exporting, the potential for Louisiana companies and our
ports for importing needed products and services and attracting value-adding
investments during the post-Katrina construction boom is unprecedented," said
Eugene Schreiber, Managing Director of the World Trade Center. He cited
especially the opportunities for modular and prefabricated housing, building
materials, construction equipment, and environmental and telecommunications
technologies. “We need to remember that the Mississippi River and our ports
always have been and always will be our greatest asset, and we need to find more
ways to take even greater advantage of them in the future,” he added.
Among all states, Louisiana ranked 12th, just behind, Massachusetts,
Pennsylvania, and New Jersey. Texas, California, and New York continued to be
the top three exporting states. Total U.S. exports in 2007 were $1.04 trillion,
a 14.7 percent increase over 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 |
ANNUAL 2005 |
ANNUAL 2006 |
% Change |
|
|
TOTAL ALL COUNTRIES |
19,231,807,078 |
23,503,359,105 |
22.2 |
|
1 |
JAPAN |
2,019,352,376 |
2,501,688,045 |
23.9 |
|
2 |
CHINA |
1,896,002,903 |
2,213,091,928 |
16.7 |
|
3 |
MEXICO |
2,212,424,212 |
2,187,464,598 |
-1.1 |
|
4 |
CANADA |
1,557,470,345 |
1,787,714,289 |
14.8 |
|
5 |
NETHERLANDS |
631,810,307 |
1,126,581,073 |
78.3 |
|
6 |
SOUTH
KOREA |
537,167,763 |
834,739,417 |
55.4 |
|
7 |
BELGIUM |
470,703,113 |
658,921,248 |
40.0 |
|
8 |
EGYPT |
549,391,191 |
632,788,119 |
15.2 |
|
9 |
COLOMBIA |
543,192,602 |
630,393,791 |
16.1 |
|
10 |
BRAZIL |
349,754,996 |
464,001,415 |
32.7 |
Louisiana Exports by Industry
(US $, NAICS Database)
|
|
Description |
ANNUAL 2005 |
ANNUAL 2006 |
% Change |
|
|
TOTAL ALL INDUSTRIES |
19,231,807,078 |
23,503,359,105 |
22.2 |
|
1 |
AGRICULTURAL PRODUCTS |
7,126,160,704 |
9,056,753,595 |
27.1 |
|
2 |
CHEMICALS |
4,690,996,960 |
5,125,834,849 |
9.3 |
|
3 |
PETROLEUM AND COAL PRODUCTS |
2,763,519,956 |
3,913,945,337 |
41.6 |
|
4 |
FOOD
AND KINDRED PRODUCTS |
1,822,115,846 |
2,204,879,149 |
21.0 |
|
5 |
TRANSPORTATION EQUIPMENT |
526,466,285 |
711,086,665 |
35.1 |
|
6 |
MACHINERY, EXCEPT ELECTRICAL |
660,447,049 |
648,488,175 |
-1.8 |
|
7 |
PRIMARY METAL MANUFACTURING |
344,977,296 |
375,454,330 |
8.8 |
|
8 |
PAPER |
305,034,168 |
273,612,074 |
-10.3 |
|
9 |
FABRICATED METAL PRODUCTS, NESOI |
139,973,856 |
176,538,012 |
26.1 |
|
10 |
COMPUTER AND ELECTRONIC PRODUCTS |
95,036,212 |
151,263,198 |
59.2 |
U.S.
Exports by State
(US $, NAICS Database)
|
|
Description |
ANNUAL 2005 |
ANNUAL 2006 |
% Change |
|
|
TOTAL ALL STATES |
904,379,818,171 |
1,037,142,972,794 |
14.7 |
|
1 |
TEXAS |
128,761,036,151 |
150,888,054,964 |
17.2 |
|
2 |
CALIFORNIA |
116,818,585,165 |
127,746,135,340 |
9.4 |
|
3 |
NEW
YORK |
50,492,176,404 |
57,369,299,166 |
13.6 |
|
4 |
WASHINGTON |
37,948,360,874 |
53,074,909,007 |
39.9 |
|
5 |
ILLINOIS |
35,868,406,183 |
42,084,595,133 |
17.3 |
|
6 |
MICHIGAN |
37,584,052,274 |
40,405,378,487 |
7.5 |
|
7 |
FLORIDA |
33,377,054,012 |
38,544,528,174 |
15.5 |
|
8 |
OHIO |
34,800,926,215 |
37,832,693,465 |
8.7 |
|
9 |
NEW
JERSEY |
21,080,304,895 |
27,001,734,586 |
28.1 |
|
10 |
PENNSYLVANIA |
22,270,841,318 |
26,333,930,898 |
18.2 |
|
11 |
MASSACHUSETTS |
22,042,806,091 |
24,047,035,294 |
9.1 |
|
12 |
LOUISIANA |
19,231,807,078 |
23,503,359,105 |
22.2 |
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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| March 5 - Lecture at 7:00 p.m. on “Iraq: The Surge for Stability,”
featuring Amb. David Satterfield, Senior Advisor on Iraq for the Secretary
of State, Room 1111 Goldring Woldenberg Hall II, McAllister Hall Drive,
Free. Co-sponsored with Tulane University's Political Science Department.
March 21 - Great Decisions: Global Warming/Climate Change from 7:00 -
9:00 p.m. in the “Living Room” of the Monroe Library, Loyola University.
Facilitator: Bob Thomas, Director, Center for Environmental Communications
at Loyola.
April 5 - PubNite from 5:30 p.m. to 7:30 p.m. at Wolfe's Marriott Hotel
at the Convention Center, 859 Convention Center Boulevard. Tel. (504)
613-2882.
April 18 - Ambassador's Dialogue 2007 Program at 5:00 p.m. at the
National World War II Museum, featuring Alexander Vershbow, U.S. Ambassador
to Korea, and Lee Tae-sik, Ambassador of South Korea to the U.S., National
World War II Museum. Sponsored by the Korea Economic Institute.
For additional information, visit the WAC/NO website at
www.wacno.org or call (504) 523-2201.
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| On Wednesday March 21 the World Trade Club of Greater New Orleans will
hold its membership luncheon at 12:00 noon in the Plimsoll Club of the World
Trade Center (11:30 a.m. networking reception). The featured speaker is Jim
Bridger, General Manager of the New Orleans Public Belt Railroad, who will
speak on “Public Belt’s Recovery and Rebirth As We Roll Toward Our 100-Year
Anniversary in 2008.” The cost is $30 for World Trade Club members ($25 for
student members) and $35 for non-members. Only prepaid reservations will be
accepted no later than March 16. Please mail your check to: World
Trade Club, 1908 Clearview Pkwy. Ste. 203, Metairie, LA 70001.
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| On Wednesday, April 4 the World Trade Center, the New Orleans U.S.
Export Assistance Center, and other organizations will sponsor a breakfast
briefing at 8:00 a.m. in the WTC’s Executive Offices on “Doing Business in
Asia and Australia” featuring five senior U.S. Commercial Officers who will
discuss trade and investment opportunities between the United States and
Japan, Korea, Hong Kong, Taiwan, and Australia. The Commercial Officers will
also be available for individual consultations following the briefing. To
register, call (504) 529-1601, x222, or visit
www.wtcno.org/programs (details
to be posted shortly). |
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| A delegation led by Lafayette Consolidated Government and the
International Center of Lafayette will travel to Victoriaville, Quebec,
Canada for the International SESAME Exchange (ISE) on June 26-29 (www.sesamevictoriaville2007.ca).
Louisiana firms are invited to participate in the ISE that will include
matchmaking in the following sectors: Recycling and Product Reclamation;
Agri-Food; Furniture and Milled Wood; Machinery Manufacturing; and
Specialized Transportation Equipment.
The International Center of Lafayette will organize the Louisiana company
component traveling to Quebec for the June 2007 International SESAME
Exchange. The travel package includes conference registration, matchmaking,
ground transportation, most meals, facility tours and receptions. Call to
discuss matching opportunities with participating firms at the 2007 ISE.
Links to companies currently registered are listed on the ISE website above.
For information on matchmaking, contact Christine Duhon, (337) 658-3414. For
additional information, contact Ann Morgan at the International Center (337)
291-5474. The registration deadline is March 15.
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| On Tuesday, March 20 the French-American Chamber of Commerce, Louisiana
Chapter will hold its first breakfast briefing of 2007 at 8:00 a.m. in the
World Trade Center’s Plimsoll Club on “The Economic Impact of the Military
Presence in Louisiana and National World War II Museum Expansion” featuring
Major General David Mize, Chairman of the Mayor’s Military Advisory
Committee, and Dr. Gordon Mueller, President and CEO of the National World
War II Museum. For more information or to register for the briefing, contact
the FACC at (504) 561-0070 or
info@faccla.com.
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| On Wednesday, May 16 the World Trade Center, JP Morgan Chase, and other
organizations will sponsor an expanded luncheon seminar from 11:45 a.m.
until 2:30 p.m. in the WTC's Executive Offices on “UCP 600 - An Overview Of
The Revised Rules Governing Letters of Credit: A Seminar on the
International Chamber of Commerce Uniform Customs and Practice for
Documentary Credits, Publication 600.” The seminar will be conducted by
Kevin Watt, Trade Risk Manager, JPMorgan Chase Global Trade Services in
Chicago.
The information to be presented in the seminar is essential for all
exporters and logistics support firms that deal with commercial, trade
letters of credit. The changes in the new LC rules (which become effective
on July 1, 2007) will impact the timeliness of payment for beneficiaries of
LCs worldwide. Understanding these new rules can yield reduced Days Sales
Outstanding and lower costs for the processing of noncompliant documents
under LCs.
This program will also be presented in Lafayette on May 17 with Le Centre
International and in Mobile, Alabama on May 18 with the Mobile Area Chamber
of Commerce. For more information on these events, e-mail Bill Cummins at
bill.c.cummins@jpmchase.com.
To register for the seminar in New Orleans, click
here.
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| The WTC is in the process of updating the Louisiana International Trade
Directory, the official import-export directory of Louisiana. The directory
is published by Louisiana Economic Development, the New Orleans U.S. Export
Assistance Center, and the World Trade Center. It contains over 1,700
detailed listings of Louisiana exporters, trade services, trade
organizations, and other valuable information. The directory is available in
hard copy annually, on a disk that is updated monthly, and as a searchable
database on the WTC’s website at
www.wtcno.org/webdata/litdsearch.html. If you are engaged in
international trade and are not currently listed in the directory and would
like to be, please fill out an online form at
www.wtcno.org/litd/litd-form.htm, or contact the WTC at (504) 529-1601,
ext. 254.
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| The U.S. Department of Commerce will lead a Healthcare Technologies
Trade Mission to Santiago, Chile and Sao Paulo, Brazil, with an optional
spin-off to Belo Horizonte April 23-27. Mission participants will meet with
healthcare representatives as well as pre-qualified buyers and distributors.
The trade mission includes pre-screened appointments with potential business
partners who meet your criteria; an interpreter; market briefings; network
opportunities with key healthcare industry/government representatives; and
pre-mission counseling and follow-up assistance. There is no
pre-registration for this trade mission. Apply by March 16, 2007. For more
information visit
http://www.buyusa.gov/healthcare/sa_trademission.html or contact Pompeya
Lambrecht at
pompeya.lambrecht@mail.doc.gov.
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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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