What Do Emerging Markets Have to Do With the High Price of Beef in the US?

I often encourage U.S. business owners to consider the growing number of consumers with greater purchasing power in developing countries as an additional market for their goods and services. Well, the impact of consumer demand in emerging markets, such as China, Brazil and Mexico, illustrate the benefits to some U.S. agricultural sectors, as in the case of beef production.

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Check out CBS News contributor and analyst Mellody Hobson’s explanation of this trend on CBS This Morning, which aired today. Find out what this trend also means to U.S. consumers.

Usually, when I discuss the impact of international trade on consumers, I highlight the lower prices due to less costly imports. In the case of U.S. beef, the greater exports to countries with a high demand and the ability to purchase U.S. products have resulted in increased prices for U.S. beef consumers. At the same time, U.S. producers benefit from continuing to generate revenue and  eventually turn a profit from the high demand in emerging markets.

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Have You Thought About Going on a Trade Mission? The reasons why you should consider it

Today is the last day of Reverend Jesse Jackson’s trade mission to Japan. Sixteen African American business owners within the automobile industry, according to news reports, have been meeting with representatives from Toyota, Hyundai and Nissan. The goal is to identify future business opportunities for U.S. businesses, especially African American businesses along the automotive supply chain.

This trip is timely as the United States continues to forge a trade deal with Japan as a part of the Trans-Pacific Partnership negotiations.

Why are trade missions important for U.S. business owners, including small and medium-sized companies? What do they need to know about these trade missions? I provide answers to these important questions.

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First of all, what is a trade mission?

A trade mission is one in which a delegation travels to another country to gather first-hand information about specific export markets. That knowledge is gained through meeting with potential business partners, such as company CEOs, buyers and distributors, in the particular countries.

These trade missions can be organized by U.S. Department of Commerce officials, state and local government officials, industry trade associations, universities and a business group.

Who goes on trade missions?

Government officials, business owners, private sector representatives

How much does a trade mission cost?

The prices vary per trip and based on the company size. Nevertheless, a trade mission can cost around $3,000 to $4,000.

How do I go on a trade mission?

You have to complete an application. The next application deadline for a trade mission organized by the U.S. Department of Commerce in June 20, 2014 (Click here for the application). The trade mission is for the safety and security industry representatives to travel to Panama and Colombia.

What are my options if I cannot afford to go on a trade mission?

Reverse Trade Missions (RTMs) – where you can meet government and business representatives from other markets that visit the United States  (Click here for a schedule of upcoming RTMs)

These trade missions save time, resources and money while allowing business owners to gather the proper information that they need before exporting to specific markets.

If you have been on a trade mission, please share your experience with us.

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Invitation for Guest Blog Posts

International Trade Examiner (ITE) invites its readers to become active participants in the content that appears on the blog. You will be able to offer your own perspective on issues relating to international trade. (ITE does not pay for guest blog posts.)

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As an invited expert, you will benefit by:

1. Sharing the platform with other experts,

2. Having your work reach ITE’s followers via Facebook, Twitter, Google+ and e-mail combined, and

3. Engaging the community in issues pertaining to international trade.

Instructions for Guest Bloggers:

Word count: 250-600 words

Submission guidelines:

  • Microsoft Word document with the blog post
  • A brief bio of no more than 4 sentences
  • Photo/image (optional – must be the original photo or image created by the author and relates to the story)
  • E-mail your guest blog post to tradeexaminer@gmail.com

All work must be the original ideas and research of the author. Any work or image that has been copied directly from another source without permission will not be accepted.

All articles must be relevant to the blog and well written. A piece that is well-written is one that:

  • Raises an interesting question
  • Explains why the question and information provided are important (i.e., passes the So what? question)
  • Presents sound evidence
  • Includes your own analysis of the data provided
  • Draws a clear conclusion based on the evidence presented
  • Written for either an academic, policymaking or business audience

Any piece that does not relate to international trade, consists of numerous spelling/grammatical errors, fails to provide facts to support an argument and includes disrespectful and foul language will not be considered for publication.

Related Topics (not limited to these topics):

  • How your business has been impacted by international trade
  •  Fair trade versus free trade
  • World Trade Organization
  • International trade’s impact on workers
  • Opportunities and challenges of free trade for consumers
  • Free trade agreements

If your piece is accepted, we will inform you via e-mail along with the expected publication date. (Note: Guest posts in which business owners discuss how they have been affected by international trade will also appear in the Global Research Institute of International Trade’s newsletter – www.griit.org.)

Thank you for your interest in contributing to ITE. I look forward to collaborating with you. You can contact me at tradeexaminer@gmail.com with any questions and/or concerns.

Sarita Jackson, Founder

Note: You can read and bookmark these guidelines. Click here to save the link for guest bloggers.

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On Hiatus

Due to preparation for a conference and finalizing a research project, I will not add new posts this week. Blog posts will resume next week.

However, I do welcome any guest blog posts in the meantime. Click here for details.

Thank you.

 

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Small Business Owners: Make One Simple Decision To Increase Your Profits!

The news continues to report on the loss of jobs in the U.S. manufacturing industry due to fierce competition overseas. Did you know that right here in Los Angeles County, we are the number one manufacturing center in the United States? Some local manufacturers have still been able to keep production in LA County, increase the number of jobs and their profits even during the recession.

You, too, can increase your profits by making one simple decision today.

Multidirectional artur84

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For those who are business owners and want to sell overseas, find out how one simple decision today can increase your profits tomorrow. Subscribe to the Global Research Institute of International Trade (GRIIT) newsletter to learn more – www.griit.org.

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