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Published byLuke Clark Modified over 9 years ago
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Kentucky Cabinet for Economic Development International Trade Division Helping Kentucky Companies Compete in the Global Market Place
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* American Chamber of Commerce Kentucky Goes Global KY’s exports rank 9 th in the nation on a per capita basis. In 2008, KY exported $19.1 billion in goods Over 40% of KY’s exports go to our NAFTA partners Canada and Mexico Nearly 1/5 of all KY manufacturing workers depend on exports for their jobs. *
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The #1 Myth about International Trade “You have to be a large company to participate in the global marketplace.” Over 90% of Kentucky exporters are small to medium-sized businesses, 70% of which have fewer than 20 employees.
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You Are Not Alone The Mission of the International Trade Division We provide opportunities and no-cost services to Kentucky companies wanting to sell abroad. Kentucky is committed to helping Kentucky’s businesses be competitive players in the global economy.
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Taking Advantage of Global Trade 95% of the world's population and 2/3 rd of its purchasing power lie outside the US. Global companies grow twice as fast and pay 15% higher wages than domestic companies.
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Kentucky Foreign Trade Offices CHINAMEXICO Your eyes and ears abroad: making travel arrangements and business appointments locating foreign buyers of Kentucky goods screening potential dealers, distributors, and agents facilitating contract negotiations & local regulation compliance arranging trade show exhibitions at reduced cost
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Services to Kentucky Companies Counseling export readiness assessments feasibility studies re: export potential of your product customized “road map” for how to export your product Research & Education assessments of foreign markets legal assistance with registrations, permits, contracts financial assistance with bank financing, sales terms logistics: shipping, customs, tariffs
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Opportunities in Mexico Modernizing railroad system Modernizing and expanding airport system Changing trends in housing designs Environmental technology Hotel & restaurant sector Security sector Medical sector Wood and wood products
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Expo Seguridad 2010 in Mexico
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Glasscock Lumber in China
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How to Get Started Exporting… It’s what we do! Cabinet for Economic Development International Trade Division Pick up the phone and call…
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Jeanine Duncliffe International Trade Specialist International Trade Division Kentucky Cabinet for Economic Development Old Capitol Annex 300 West Broadway Frankfort, Kentucky 40601 Phone: (502) 564-7140 E-Mail: jeanine.duncliffe@ky.gov Web-Site: www.thinkkentucky.com
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