China Gold Key Mission
Hong Kong, Shanghai, Beijing
May 05-15, 2012
Trade Winds-Asia
Southeast Asia Business Development Conference and Matchmaker Trade Mission
Singapore/Malaysia/Indonesia/Thailand/Vietnam
May 14-22, 2012
The New Mexico Economic Development Department, Office of International Trade is offering New Mexico companies an opportunity to develop and expand their market in the fast growing Asia-Pacific region through their participation in two major trade events being organized with funding from the SBA STEP Grant Award.
We are seeking serious minded, Small and Mid-size New Mexico companies whose products are at least 51% U.S. content and who have a firm commitment to build or expand their international market share. Companies are eligible to apply for participation in either one or both trade mission events. Companies must demonstrate a strategic outlook on succeeding in the international marketplace. Companies must be willing to invest time, money and effort in order to build market share.
CHINA GOLD KEY MISSION:
The NM Economic Development Department will pay for two days of Gold Key Services from the US Department of Commerce for the first 5 companies approved by the local posts in Shanghai and Beijing. The Office of International Trade will likewise contract with the Hong Kong Trade Development Council for matchmaking services in Hong Kong.
Estimated Participant Travel Expenses:
The estimated expenses for the China Gold Key mission are airfare $1,300.00, meals and lodging $2,500.00 and Local Transportation of $200 for a total cost of $4,000.00
Registration Deadline: March 19, 2012 No applications will be considered if they are received after this deadline. Companies must request and complete a Gold Key Service Questionnaire and submit to Ms. Sandra Necessary, US Department of Commerce, Santa Fe, NM by the deadline listed above. For additional information please contact Sandra at 505-231-0075 or by e-mail: Sandra.Necessary@trade.gov.
TRADE WINDS-ASIA:
Participants in this unique program have the opportunity to:
• Take part in a focused dialogue on business issues in Asia and individual countries.
• Meet with Commercial Service Senior Commercial Officers from the U.S. embassies and Consulates of 14 countries in Asia.
• Directly engage with U.S. and Asian businesses during an official U.S. Department of Commerce matchmaker trade mission, including one-on-one meetings in your choice of market.
Companies may select to have business meetings arranged in their choice of either Thailand or Vietnam, Singapore and either Indonesia or Malaysia depending on their interests. Companies may sign up for three meetings organized in their choice of locations although the Office of International Trade will pay for matchmaking services at ONE stop. The payment schedule for each stop is as follows:
One Stop $1,950.00
Two Stops $2,950.00
Three Stops $3,950.00
Therefore, a small to mid size New Mexico company (under 500 employees) would pay $2,000.00 for all three stops after the SBA STEP Grant contribution of $1,950.00.
Participation in the program will include Conference participation and networking opportunities with important Southeast Asian business leaders in Singapore as well as invitation to formal reception hosted by the U.S. Embassy.
WHY ASIA?
Connect to a World of Opportunity in Asia
Trade Winds Asia will take place in Singapore, a country with a sophisticated and modern economy that offers excellent opportunities for U.S. firms interested in penetrating the Asian market. Singapore’s market appeal is its free port status, straightforward, English-speaking, U.S. style of doing business, strong intellectual property protection with virtually no corruption. The country is a major trading hub, importing and exporting products from consumer goods to high technology and industrial goods for re-export to third countries. “The Global Enabling Trade Report 2010” by the World Economic Forum ranked Singapore first for having the most open economy for international trade and investment. If you are new to Asia or are looking to tap into new markets, our signature Trade Winds Forum is the ideal launching point for expansion throughout the region.
One of the most lucrative regions in the world for U.S. companies is Asia. Vietnam, Malaysia, Singapore, Thailand, and Indonesia bought more than $47.7 billion worth of U.S. merchandise in 2009, and more than $62.7 billion worth of U.S. merchandise in 2010. Trade Winds – Asia will include an Asia focused business forum consisting of regional and industry specific conference sessions as well as pre-arranged consultations with Commercial Service, Senior Commercial Officers representing markets throughout Asia. Trade Winds will provide participants the opportunity to conduct business-to-business meetings with firms in Singapore, Vietnam, Thailand, Malaysia and Indonesia. Best prospects include but are not limited to energy (mining, oil and gas, electric power generation, renewable), defense and aerospace, telecommunications and information technology, environmental technologies, medical equipment, safety and security equipment, automotive parts and service equipment, and logistics and transportation.”
Estimated Participant Travel Expenses:
The estimated travel expenses to participate in the Trade Winds Asia is airfare $1,400, Meals and Lodging $1,200.00 and local transportation $200.00 for a total of $2,800.00.
Estimated travel expenses for participation in both outreach missions can be computed on demand.
Registration Deadline: March 19, 2012. No applications will be considered if they are received after this deadline. Companies must contact Ms. Sandra Necessary by e-mail Sandra.Necessary@trade.gov declaring their intent to participate. The companies may then proceed to register online by the deadline at the following website: http://export.gov/pennsylvania/tradewinds/registration/index.asp. Then Click on Event Options and Registration.
The New Mexico company must notify Ms. Sandra Necessary once registration has been completed so that we can track the number of registered companies up to the limit of 5 companies on a first come first serve basis and initiate payment on the company’s behalf. Accepted companies will be contacted by the Economic Development Department and the USEAC Office for a briefing session and to answer any questions.
Upon registration, companies will receive a quick market assessment for their product line in the markets they are considering for participation. Once accepted companies will have meetings pre-arranged for them in their designated markets of interest and participate in the Conference to be held in Singapore.
For further information, please contact Ms. Sandra Necessary of the US Department of Commerce at 505-231-0075 or by e-mail at Sandra.Necessary@trade.gov.
IMPORTANT NOTICE:
The State of New Mexico Economic Development Department is the only administrator of SBA STEP Grant funds that makes direct payments to the US Department of Commerce for the matchmaking arrangements on behalf of its companies.
All other state governments require their companies to submit payment with the application and apply for reimbursement after the event is over. This guarantees that the company will indeed participate in the event or trade mission.
Regrettably some New Mexico companies have cancelled their participation in an event after all the appointments and meetings have been arranged. THIS RESULTS IN A NET LOSS OF FUNDS SINCE ONCE THE SERVICES HAVE BEEN PROVIDED ON BEHALF OF THE COMPANY THEY MUST BE PAID FOR IN SPITE OF ANY LAST MINUTE CANCELLATIONS.
Please do not apply if you do not have a firm intention to invest in your own international marketing success. The Economic Development Department is committed to helping New Mexico companies succeed internationally. We would prefer to work only with those companies that share this commitment.
