A New Global Trade Deal

An international agreement estimated to boost global trade by $1 trillion a year has entered into force. Roberto Azevedo, the Director General of the World Trade Organization, called this agreement "the biggest reform of global trade in a generation".

It is necessary to recall that the Trade Facilitation Agreement (TFA) was finally agreed in 2013, at a meeting in Bali, but could not come into force until 110 countries had ratified it.

The TFA involves streamlining customs procedures, which is considered to have a bigger impact than eliminating all existing taxes (tariffs) on imports. Countries will sign up to a long list of reforms, including easier access for businesses to information, reduced fees and simpler and faster procedures.

According to the WTO economists, the agreement would cut the cost of trading by about 14.3%. They also said that the developing nations would gain the most.

The Trade Facilitation Agreement is one of the few successes of a much wider set of negotiations that were launched in 2001 at the Doha Round.

Source:
http://www.bbc.com/news/business-39049074

Why Do So Few U.S. Businesses Sell Internationally?

World population has reached 7 billion and 320 million of them live in the USA. According to the latest statistics only 1 per cent of the American based companies are engaged in export business. This percentage is even lower than in any other developed country. Furthermore, the greater part of the US companies export only to one country. As we see there is a lot of untapped potential for American companies. The exporting experience of companies shows that selling or sourcing products worldwide helps businesses to grow faster with less risk.

Here are some tips to help you to expand your business globally:

1. Know your market: Before exporting your products to new markets it is important to determine the target persona for each country.Remember the golden rule: ''Each product has a specific market''. This information will help you to tailor your products so they will resonate with your potential clients in that specific market.

2 Create demand: To generate demand for your product requires much more than simply releasing it onto the global market. Each territory has a different media mix. Determine what is the best for your product and find the right expert to build the marketing strategy.

3. Expand the reach of your business by localizing your online presence: It is highly recommended to translate your entire website, including all its videos. Make sure your potential customers find and understand everything they need when visiting your website, to shop easily.

4. Master global shipping: There's lots of shipping companies around the world. They will help you with export and import procedures, custom clearance and export and import documents, in other words will all the regulations that could delay your shipment.

5. Stay agile and responsive to stay competitive: Once you get the formula right in a new market, you can try to duplicate your business success in other markets. But remember the cookie-cutter solution is not aplicable to every country and every product. This variability is part of what makes exporting so challenging and rewarding.

If you do your homework well going global could be one of the most profitable moves you've ever made. Otherwise, you may be overlooking increased sales, new experience and most importantly - higher profits.  

California Food Facts - Production and Export

California is considered to be one of the most beautiful states in the USA.California's iconic beaches and fascinating cities, picturesque vineyards, rugged mountains, quiet forests, marvelous lakes and remarkable parks attract tourists from all over the world.

California's food facts are incredibly interesting as well . The state ranks as the top food production state for a number of crops.

The temperate year-round climate and expanses of land provide foods the nation and world have grown to enjoy and count on. Below are some of the top crops produced in California.

Food Facts

• California has been the number one food and agricultural producer in the United States for more than 50 consecutive years.
• More than half the nation's fruit, nuts, and vegetables are produced in California.
• California is the nation's number one dairy state. The leading commodity is milk and cream. Grapes are second.
• California's leading export crop is almonds.
• Nationally, products exclusively grown in California include almonds, artichokes, dates, figs, kiwifruit, olives, persimmons, pistachios, prunes, raisins, clovers, and walnuts.
• From 70 to 80% of all ripe olives in the US are grown in California.
• California is the US leading producer of strawberries, averaging 1.4 billion pounds of strawberries or 83% of the country's total fresh and frozen strawberry production. Approximately 12% of the crop is exported to Canada, Mexico, United Kingdom, Hong Kong and Japan primarily.  
  

New Zealand plays a Major Role in the International Market

New Zealand is an extremely beautiful country, situated in the south-western Pacific Ocean.

     The country is famous amongst the nature lovers, owing to its breathtaking landscapes, luxuriant forests, placid lakes, glacial mountains, thermal regions, semi tropical islands and exotic wildlife. Tourism plays a major part in the economy of the country. 18% of New Zealand’s export earnings are dependent on tourism.

 
    Its market economy depends greatly on international trade, mainly with Australia, the European Union, the United States, China, South Korea and Japan. The country's principle industries for export are agriculture, fishing, horticulture and forestry.

 
   It is an interesting fact that New Zealand is amongst the top five dairy exporters in the world. With year-round rainfall and a temperate climate, the West Coast has natural advantages for dairying which is why the industry is expanding rapidly. Combined with the other four biggest exporters, it supplies around 90 percent of dairy products on the international market. New Zealand seafood is also high value export that is in demand worldwide.

The Chilean Food Industry & Specialty Food Exports

Chile is a country of startling contrasts and extreme beauty.

Its length and extraordinarily diverse geography provides an unsurpassed climatic range and soils that are suitable for a very wide range of food production. Chile exports a wide variety of high-quality food products to the most competitive and discerning markets in the world.

Thus nowadays Chile is a leading producer and exporter of some of the world’s finest fruits, berries, vegetables, fish, shellfish, poultry, meats, and, of course, its premium wines.Chilean salmon, sea bass (also known as Patagonian toothfish), oysters, and scallops are sought after by the world’s most demanding connoisseurs.

Chilean foods are consistently awarded for their taste and quality in international food competitions.

According to the World Bank's ,Italy is the most diversified exporter in the world. Its top five export products amount to only 12.9% of all exports.