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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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LOUISIANA SHATTERS STATE EXPORT RECORD IN 2007
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MARCH 7
TAIWAN BRIEFING FEATURES STEVE LEE
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ICELAND TRADE COMMISSIONER TO SPEAK AT LUNCHEON
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FUTURE OF TRANSPORTATION LUNCHEON AT WTC MARCH 12
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APRIL 29-30
EXPORT COMPLIANCE SEMINAR
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INTERNATIONAL SESAME EXCHANGE IN LAFAYETTE
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CONSTRUCTION DELEGATION FROM CANADA TO VISIT NEW ORLEANS
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INTERNATIONAL SMALL BUSINESS FORUM IN QUEBEC MAY 20-22
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WTC
LANGUAGE CLASSES START ON MARCH 31
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WORLD TRADE CONFERENCE TO BE HELD AT BEAU RIVAGE
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ASIA
PACIFIC BUSINESS OUTLOOK ON APRIL 7-8 IN LOS ANGELES
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Louisiana's worldwide merchandise exports, which set a record
in 2006, exceeded that level in 2007 by nearly 30 percent, the second largest
percentage increase of any state, according to a report issued today by the
World Trade Center of New Orleans.
The value of the state’s exports reached a new high of $30.4
billion in 2007, according to the WTC report, compared to $23.5 billion in 2006.
Louisiana's export growth of 29.2 percent last year was more than double the
overall U.S. rate of 12.1 percent. In 2005, the year Hurricanes Katrina and Rita
devastated southern Louisiana and other Gulf Coast states, the state’s exports
were $19.2 billion, and in 2004 they were $19.9 billion.
Agricultural products, petroleum and coal, chemicals,
processed foods, machinery, and transportation equipment ranked as Louisiana's
top six export sectors in 2007, five of which registered double-digit percentage
gains over 2006. The state's principal export markets last year were Japan,
Mexico, China, Canada, and Egypt.
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.
The value of export shipments of agricultural products
through Louisiana’s lower Mississippi River ports – which account for over 50
percent of U.S. grain exports – was especially strong in 2007 with $12.5
billion, a 37.8 percent increase.
"The state's remarkable export performance last year had a
lot to do with exceptionally high prices of agricultural and petroleum-related
products, but the gains in other products were almost as impressive" said Larry
Collins, Director of International Services with Louisiana Economic Development.
"The increases were also driven by the continuing weakness in the U.S. dollar
relative to other currencies, making U.S. goods and services a good buy in most
countries."
After agricultural products, Louisiana's largest exports in
2007 were petroleum and coal products ($5.7 billion, a 46.2 percent increase),
chemicals ($5.6 billion, a 9.9 percent increase), processed foods ($2.6 billion,
a 19.7 percent increase), machinery ($851 million, a 31.3 percent increase), and
transportation equipment ($830 million, a 16.8 percent increase).
"We are seeing many of Louisiana’s exporters recording major
increases in their overseas sales," said Donald van de Werken, Director of the
New Orleans U.S. Export Assistance Center. "It is noteworthy that six of
Louisiana's top 10 export markets were countries with which the United States
already has a Free Trade Agreement (Mexico, Canada, and Guatemala) or pending
FTAs in Congress (Korea, Colombia, and Panama)."
Japan and Mexico were virtually tied as the number one market
for Louisiana exports in 2007. Shipments to Japan were $2.831 billion (a 13.2
percent increase over 2006), while those to Mexico were $2.830 billion (a 29.4
percent increase over the prior year). China was in third place as an export
market for Louisiana ($2.6 billion), followed by Canada ($1.8 billion) and Egypt
($1.3 billion).
"The global economy continues to rapidly expand, even with
the slowdown in the U.S., and offers tremendous opportunities for Louisiana
companies in all sectors and all parts of the world,” said Eugene Schreiber,
Managing Director of the World Trade Center. "It is absolutely critical that
Louisiana make the needed investments in its ports to keep up with this growth
and to compete successfully against other U.S. ports for future cargos,
including those that will result from the widening of the Panama
Canal.“
Among all states, Louisiana ranked 10th in 2007, up from 12th
in 2006. Texas, California, and New York continued to be the top three exporting
states. Total U.S. exports in 2007 were $1.2 trillion, a 12.1 percent increase
over 2006.
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 Industry (NAICS)
Louisiana
Exports by Commodity (HS)
U.S. Exports by State
(NAICS)
Louisiana Exports by Country
(US $, NAICS Database)
|
|
Description |
ANNUAL 2006 |
ANNUAL 2007 |
% Change |
|
|
Total all Countries |
23,503,359,105 |
30,374,690,456 |
29.2 |
|
1 |
Japan |
2,501,688,045 |
2,831,204,100 |
13.2 |
|
2 |
Mexico |
2,187,464,598 |
2,830,403,355 |
29.4 |
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3 |
China |
2,213,091,928 |
2,653,028,110 |
19.9 |
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4 |
Canada |
1,787,714,289 |
1,853,877,316 |
3.7 |
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5 |
Egypt |
632,788,119 |
1,334,268,046 |
110.9 |
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6 |
Netherlands |
1,126,581,073 |
1,284,075,972 |
14.0 |
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7 |
South
Korea |
834,739,417 |
920,697,178 |
10.3 |
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8 |
Colombia |
630,393,791 |
856,730,956 |
35.9 |
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9 |
Panama |
288,337,227 |
627,335,970 |
117.6 |
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10 |
Brazil |
464,001,415 |
609,124,058 |
31.3 |
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11 |
Guatemala |
353,544,109 |
601,090,138 |
70.0 |
Louisiana Exports by Industry
(US $, NAICS Database)
|
|
Description |
ANNUAL 2006 |
ANNUAL 2007 |
% Change |
|
|
Total all Industries |
23,503,359,105 |
30,374,690,456 |
29.2 |
|
1 |
Agricultural Products |
9,056,753,595 |
12,477,708,102 |
37.8 |
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2 |
Petroleum And Coal Products |
3,913,945,337 |
5,721,429,264 |
46.2 |
|
3 |
Chemicals |
5,125,834,849 |
5,634,362,578 |
9.9 |
|
4 |
Food
And Kindred Products |
2,204,879,149 |
2,639,360,373 |
19.7 |
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5 |
Machinery, Except Electrical |
648,488,175 |
851,439,808 |
31.3 |
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6 |
Transportation Equipment |
711,086,665 |
830,316,596 |
16.8 |
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7 |
Paper |
273,612,074 |
360,509,258 |
31.8 |
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8 |
Waste
And Scrap |
114,373,363 |
241,994,934 |
111.6 |
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9 |
Primary Metal Manufacturing |
375,454,330 |
239,676,272 |
-36.2 |
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10 |
Computer And Electronic Products |
151,263,198 |
200,754,011 |
32.7 |
U.S.
Exports by State
(US $, NAICS Database)
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|
Description |
ANNUAL 2006 |
ANNUAL 2007 |
% Change |
|
|
Total all States |
1,037,142,972,794 |
1,162,708,293,437 |
12.1 |
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1 |
Texas |
150,888,054,964 |
168,164,440,482 |
11.5 |
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2 |
California |
127,746,135,340 |
134,151,760,591 |
5.0 |
|
3 |
New
York |
57,369,299,166 |
69,333,647,127 |
20.9 |
|
4 |
Washington |
53,074,909,007 |
66,258,480,342 |
24.8 |
|
5 |
Illinois |
42,084,595,133 |
48,730,156,421 |
15.8 |
|
6 |
Florida |
38,544,528,174 |
44,831,678,558 |
16.3 |
|
7 |
Michigan |
40,405,378,487 |
44,371,424,346 |
9.8 |
|
8 |
Ohio |
37,832,693,465 |
42,381,591,441 |
12.0 |
|
9 |
New
Jersey |
27,001,734,586 |
30,462,503,875 |
12.8 |
|
10 |
Louisiana |
23,503,359,105 |
30,374,690,456 |
29.2 |
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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| On Friday, March 7 the World Trade Center, Louisiana Economic
Development and other organizations will sponsor a breakfast briefing at
8:00 a.m. in the WTC’s 29th-floor Executive Offices on “Doing Business in
Taiwan” featuring Steve Lee, Director of Louisiana Economic Development's
Office in Taipei, Taiwan.
Mr. Lee has worked since 1990 with the Louisiana Economic Development and
presently serves as the Department’s representative in Taiwan. His
responsibilities are to recruit investment to Louisiana, promote trade and
awareness of Louisiana, and foster interaction between Louisiana and Taiwan.
Prior to his assignment as the representative of Louisiana, Mr. Lee worked
with the American Institute in Taiwan. His duties there included
trade-related issues between the U.S. and Taiwan, analyzing changes in
Taiwan’s trade policy, and assessing the impact of tariff reductions on
Taiwan’s imports. Registration for the March 7 breakfast is available by
clicking here, or by calling
the WTC at (504) 529-1601, ext. 222.
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| On Monday, March 10 the World Trade Center, the Honorary Consulate of
Iceland, and other organizations will sponsor a luncheon program in the
Plimsoll Club on “Doing Business in Iceland” featuring Hlynur Gudjonsson,
Icelandic Trade Commissioner for North America.
Iceland is home to one of Europe's most vibrant economies, led by the
energy, fishing and fish processing, technology and new media, banking and
investments and tourism sectors. Icelanders enjoy one of the world's highest
standards of living and are eager consumers of American products and
services, as well as highly successful exporters of goods and services that
benefit other businesses and consumers worldwide. Iceland is a most pleasant
surprise for American business owners and others seeking to open new
opportunities and markets in Europe. For more information about Iceland,
visit www.chamber.is.
Registration for the March 10 luncheon is available on-line by clicking
here, or by calling the
WTC at (504) 529-1601, ext. 222.
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| On Wednesday, March 12 the World Trade Center and other organizations
will sponsor a luncheon program in the Plimsoll Club on “The Future of
American Transportation” featuring James RePass, President of the National
Corridors Initiative, and Gilbert Carmichael, Chairman, Intermodal
Transportation Institute, University of Denver, and Former Administrator for
the Federal Railway Administration. Dr. William D. Ankner, Secretary of the
Louisiana Department of Transportation & Development, will deliver special
remarks at the luncheon.
The luncheon program will focus on a number of priority issues
confronting the U.S. transportation industry. The speakers will summarize
the results of The Carmichael Conference on the Future of American
Transportation that was convened January 28-29, 2008, in St. Louis, by the
National Corridors Initiative. NCI (www.nationalcorridors.org),
a private non-profit, non-partisan organization, exists to support the
development of infrastructure, including an integrated national
transportation system that emphasizes rational transportation decisions,
such as a network of intercity passenger and freight corridor rail corridors
augmented by commuter rail, and served by feeder systems. NCI welcomes the
participation and support of like-minded citizens, business persons, and
others who share its commitment to rebuilding North America’s
infrastructure.
To register for the March 12 luncheon, click
here or call the WTC at
(504) 529-1601, x222.
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Interested in learning about smart export compliance business
strategies? Looking for effective solutions to address an export compliance
problem? On April 29 and 30 the World Trade Center, the Louisiana District
Export Council, and the U.S. Department of Commerce’s Bureau of Industry and
Security (BIS) will sponsor a two-day “How To Develop An Export Management
and Compliance Program” seminar in the WTC’s Plimsoll Club. The seminar will
be conducted by seven experienced officials from the U.S. Department of
Commerce’s Bureau of Industry and Security (BIS); the U.S. State
Department’s Office of Defense Trade Controls; and the U.S. Census Bureau’s
Regulations, Outreach, and Education Branch. The BIS speakers are from the
Export Management and Compliance Division, the Office of Technology
Evaluation, and the Office of Export Enforcement.
Designed to help companies create or enhance their export compliance
program, the seminar will focus on industry best practices of effective
export management and compliance programs. The objective is to help
companies efficiently manage their export compliance requirements by
implementing strategies and safeguards that can minimize the risk of an
export violation.
Agenda topics for the seminar include: how to get started developing,
enhancing, and maintaining a compliance program; the foundation of an
effective compliance program; creating a compliance-oriented culture;
front-end decision strategies; how to ensure that little problems don’t turn
into big problems; what to do when what shouldn’t happen, does happen;
telling your compliance story through records management; common compliance
and licensing errors to avoid; AES compliance review program lessons learned
and best practices; tips on export enforcement on how to avoid export
violations; smart compliance strategies for dual-use and munitions export
controls; and developing a strong compliance manual. The seminar will
include small group discussion, hands-on exercises, one-on-one counseling
opportunities, and compliance peer networking.
Participants for the seminar should have a working knowledge of U.S.
export regulations. This is not a regulatory seminar and does not cover
subjects such as how to classify your product or how to determine whether or
not your export requires a license. The seminar is for exporters who are
ready to utilize their knowledge of export regulations to build an effective
compliance program that addresses their export compliance responsibilities.
Complete details and a registration form for the April 29-30 seminar are
posted on the WTC website. Click
here. Information
is also available by contacting BIS’s Export Management and Compliance
Division at (202) 482-5619 or -6751.
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| Lafayette, Louisiana will host the 21st International SESAME Exchange (ISE)
at the Lafayette Cajundome Convention Center on April 7-9 in conjunction
with the annual conference and exhibition TechSouth (www.techsouth.org),
which focuses on information technologies. TechSouth is sponsored by the
Lafayette Consolidated Government and the Louisiana Technology Council.
The ISE is the annual meeting/conference of the SESAME Network, of which
Lafayette is a founding member. Delegations from most of the network’s 15
member cities are expected to attend. The network assists small and
medium-sized companies with global market outreach. The ISE was developed as
a forum to conduct business matchmaking and development (www.sesame.biz).
This year’s theme is “Leveraging IT for the Benefit of Public and Private
Development.” The ISE will include the following sub-sectors: Data
Management; Security; Wireless; Networking; Enterprise Applications; Digital
Technologies & Film; Knowledge Management; Storage; IT Management; Software
Management; and Platforms
Guest cities, corporations and organizations are welcome. For an
invitation or more detailed information, go to www.sesame2008.com or contact
Ann Morgan at the International Center (337) 291-5474.
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| On April 23-25, World Trade Center Montréal will lead a delegation of
construction-related companies to New Orleans. A series of events are
planned for the delegation which will include individual meetings to be held
on April 24 with general contractors, architects, importers and other key
players to discuss business opportunities and partnerships related to the
industrial and commercial reconstruction of New Orleans. The mission members
will represent the following product lines: structural steel, ornamental
metal, interior finishing products, curtain walls, environmental
construction products, pre-cast concrete, various metals and metal works,
mouldings, windows, stone/tile/granite and marble, architectural woodworking
products and wood flooring. The delegation's visit is being organized by WTC
Montréal, a team of international trade experts from the Board of Trade of
Metropolitan Montreal, in collaboration with the Ministère du développement
économique, de l’innovation et de l’exportation (MDEIE). The World Trade
Center of New Orleans and the Honorary Consulate of Canada in New Orleans
are among the host organizations for the mission. For details about the
companies and to register for individual meetings, call Marisol Canedo at
(504) 304-0404.
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| The Honorary Consulate of Canada in New Orleans, Le Centre International
de Lafayette, and the World Trade Center of New Orleans are organizing a
Louisiana delegation to participate in “Futurallia Quebec 2008 Conference”
to be held in Québec City on May 20 – 22. Futurallia is an annual
International Small Business Forum that features two days of high-level
meetings.
Futurallia Quebec 2008 will welcome more than 1,200 participants from 33
countries and will generate more than 8,000 pre-organized meetings over two
days. In addition to those personalized meetings, participants will have the
opportunity to meet with hundreds of exhibitors. Futurallia Quebec 2008 is
therefore an ideal forum for meeting prospective business partners from
around the world. In addition, this year’s Futurallia conference will be
held during Quebec City’s 400th Anniversary Celebrations.
The low registration fee of $1,150 for the entire event includes:
personalized business meetings; international seminars; three nights luxury
hotel accommodations; meals (breakfasts/lunches); as well as an opening
reception, gala reception and international evening. (The main additional
expense would only be a participant’s air fare.)
Visit
www.futuralliaquebec2008.com for more information on the conference or
contact Josette Gauthier, Futurallia ‘Head of Mission’ for eight Southern
U.S. States, at jgauthier@azion.biz
or (404) 467-7822.
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| On March 31 the World Trade Center will start its next session of
language classes conducted by Multi-Language Solutions, Inc. (MLS). Classes
will be held for eight weeks at the WTC two evenings per week from 6:00 p.m.
until 7:30 p.m. Free validated parking is available at the WTC/Hilton
Garage. Class size is limited, so early registration is encouraged, and
registration will close on March 25. The MLS faculty consists of highly
qualified teachers who are native speakers and use a combination of class
materials that range from the normal textbook, to video, audio, Internet and
fun interactive activities. Spanish, Italian, English as a Second Language,
French, German, Japanese and other languages are offered, depending on the
number of registrants and their skill levels. For details, call MLS at (504)
373-5197.
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| Each year the Gulf Coast Trade Alliance, representing the Mississippi
Development Authority, the Mobile Chamber of Commerce, the Pensacola Bay
Area Chamber of Commerce, and the Louisiana Department of Economic
Development, has come together to organize a regional conference focused on
enhancing the global competitiveness of the individual states and the
region.
The Alliance is pleased to present another world-class event on April 2-4
with the theme “From Main Street to Global Markets.” The conference includes
special sessions on Logistics and Transportation, Service Exports and a GO
ZONE Investment Seminar for foreign firms and members of the Foreign
Consular Corps from around the world.
The conference will be held at the Beau Rivage Resort Hotel in Biloxi,
Mississippi. This is an outstanding opportunity to learn how the Panama
Canal expansion project will benefit U.S. providers of goods and services.
Also, learn about state and federal-sponsored overseas offices and American
Chambers of Commerce in foreign countries and how you should be using them
to the benefit of your export efforts abroad. Plus many other topics.
For registration and agenda information go to
www.mississippi.org/content.aspx?url=/page/WTD08.
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| This is a rare opportunity for energy sector companies to meet
individually with the Senior Commercial Officers with the U.S. Commercial
Service serving in 14 different Asian countries during the conference. The
SCOs will provide market overviews, speak in small-group workshops, and be
available for private one-on-one consultations with the participants. For
details go to
www.buyusa.gov/asianow/apbo2008.
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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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