TradeView | Kentucky World Trade Center publication - Volume 16, Number 3


Volume 18 Number 7	December 2007

Welcome to the Kentucky World Trade Center's newsletter, TradeView.
Please feel free to contact us with any comments or suggestions at kwtc@louisvilleky.gov.

KWTC Office Holiday Schedule

The Kentucky World Trade Center Louisville/Lexington offices will be closed from
December 24 - 25 & January 1
in observance of Christmas and New Years.

The KWTC Staff and Board of Directors would like to
wish you and your family Happy Holidays & a Blessed New Year!

What's Happening at the KWTC

Ying Juan Rogers Appointed Vice President of KWTC

The KWTC is pleased to announce that Ying Juan Rogers has recently been appointed to the position of Vice President of the Kentucky World Trade Center.
CLICK HERE to read more

Lucy Steilberg Appointed KWTC Director of Membership

The KWTC is pleased to announce that Lucy Steilberg will serve as Director of Membership of the Kentucky World Trade Center.
CLICK HERE to read more

KWTC Leads Successful Trade Missions to Japan & China

The KWTC recently led three separate trade missions including a Leadership mission to Japan, a Real Estate Development mission to China and a Coal Mining mission to China CLICK HERE to read more

Chinese Delegation Visits Kentucky to Promote Trade

The Honorable Martha Layne Collins taking a group photo
with some members of the Chinese delegation that visited
Kentucky along with some of the KWTC staff.

The Kentucky World Trade Center (KWTC) helped host a dinner reception for a visiting Chinese delegation consisting of over 70 CEO’s, presidents and chairmen of the most prominent and largest companies in China. Also in attendance were the Vice Premier of China, the Minister of Commerce, KWTC Chair/CEO, Martha Layne Collins, and other staff members of the KWTC.

Greek Delegation Builds New Relationships in Kentucky

Connecting Kentucky with the rest of the world, the Kentucky World Trade Center greeted 19 delegates from Katerini, Greece November 12-19. The KWTC arranged matchmaking and informational meetings with 14 businesses around the Commonwealth. This delegation was invited and hosted by Georgetown College and Greece-Kentucky Partnerships, and led by the Chamber of Commerce in Pieria, Greece.
CLICK HERE to read more

Going to China? Cultural Advice that Can Save You Time and Money
By Melanie Douglas, Senior Tax Manager, Chilton & Medley

Your company has decided to expand into China. So, what’s your first move? There’s a lot to learn about the Chinese culture that influences every aspect of doing business in China. There are also many traps for the unwary. Knowing how to avoid them can save you time and money. This article will focus on three important topics to be aware of before you take the first trip: guanxi, the business meeting and the Chinese banquet.
CLICK HERE to read more

10 Steps to an Effective Trade Compliance Program
By Bernie Hart, Global Product Executive, JPMorgan Global Trade Services

Export compliance for shipments coming out of the U.S. and the re-exports of items containing U.S. content will continue to remain one of the manufacturing world’s greatest challenges.
CLICK HERE to read more

Expanding with International Credibility
By Michael Mountjoy, CPA/ABV, Mountjoy & Bressler, LLP

Doing business overseas can be as easy as dealing with a supplier on the other side of town. Both small and mid-sized businesses have broadened their outlook by using foreign suppliers.
CLICK HERE to read more

Malaysia – Overlooked Opportunities for U.S. Exporters
By Joe Dehner, Chair of the International Services Group, Frost Brown Todd LLC

Malaysia celebrated Merdeka – Independence from Britain 50 years ago – in September, while I was in Kuala Lumpur (KL). In a half-century, Malaysia has used its position as an east-west crossroad to transform its economy. KL built the Petronas Towers, for a time the world’s tallest buildings, not as a boast but as an expression of authentic modernity and emergence as a global commercial center. Mid-American businesses, however, have overlooked Malaysia as a substantial opportunity.
CLICK HERE to read more

Immigration Law Update: Employment Eligibility Verification Procedures
By Matthew P. Gunn, Attorney at Law, Frost Brown Todd LLC

In recent months there have been two major changes in the employment eligibility verification procedures required of employers. The first change was the August 15, 2007, issuance of the U.S. Department of Homeland Security final rule regarding the appropriate response by an employer to a Social Security “No-Match” letter. A “No-Match” letter refers to the letter notifying an employer that the name and social security number reported on its W-2 form for an employee do not match the SSA’s records.
CLICK HERE to read more

KWTC Member Profile

Independent Industries is a value-added resource providing assembly, packaging and product fulfillment for importers, exporters, manufacturers and logistics providers. In today's global marketplace, we manage high-volume re-work and aftermarket challenges that continue to increase for many of our customers. Our ISO 9001:2000 Certified Quality Management System documents our committment to quality control, service excellence, standardization and on-time delivery. CLICK HERE to read more

KWTC Member Benefits:
Members Receive Discount on PIERS Trade Profiles

The KWTC offers a 20% discount on web-based PIERS Trade Profiles to help you find opportunities for your global business. Find and qualify new customers, suppliers and trading partners. PIERS global trade data covers the most recent 12 months’ import-export activity, down to the details of individual transactions, for America’s most active (at least four shipments annually) exporters, importers and the overseas companies they buy from. You get a clear picture of the activity of companies engaged in international commerce.
CLICK HERE to read more

KWTC Services Spotlight: Going Global Article Series
The KWTC offers a series of Going Global articles FREE for members covering the basics of:

Export Licensing & Compliance
International Shipping
Export Documentation
Incoterms
HTS & Schedule B Codes
International Payment
Foreign Exchange Risk
Elements of Total Landed Cost

Global Sourcing
The Basics of Importing
Foreign Trade Zones
International Insurance
NAFTA Rules of Origin
International Travel Resources
Tools to Locate Buyers
Export Financing

KWTC Online Business Referral Directory CLICK HERE
Does your company need help with international shipping, payment, taxes, contracts, insurance
or even warehousing? The KWTC’s online Business Referral Directory puts you in touch with
local companies who provide international business services to companies like yours.

International Trade News CLICK HERE
New Document Requirements Beginning January 31, 2008
USTR Report Identifies Outstanding WTO Compliance Concerns on China
AES Compliance Reviews
Foreign Trade Regulations
Commerce Control List Review
President Bush Signs U.S.-Peru FTA into Law
U.S. and Vietnam Conduct First Meeting Under Trade and Investment Agreement
Trade Gap Narrows in Q3
EU Approves Bloc-Wide E-Customs Plan
Mercosur Signs FTA with Israel
OMB Completes 10+2 Review

Welcome New KWTC Members!

Corporate Members:
Arco Aluminum
Chili Hot Nuts.com LLC
Eastlex Machine Corporation
Eminence Speaker
International Trade Strategies, LLC
ISCO Industries
Korrect Optical
Lexington-Bluegrass Association of Realtors
Old National Bank
Oxford Limited, Inc.
Perfect Pumpkin, Inc.
Zoeller Company

Calendar of International Trade Events
Discover which international events, seminars and trade missions are taking place this winter in Kentucky!

List of Upcoming Events:

January 16: Doing Business with China

January 17: Rules of Origin and Documentation for all U.S. FTAs

January 17: Global Economic Forum Series: Pres/CEO of EU-American Business Council

February 2008: Global Employment Issues in Asia

February 6: European Union in the 21st Century: Focus on Poland

February 7: KWTC's Chinese New Year Networking Event 2008

February 13: China's New Challenge - Balancing Growth & Social Justice

March 12: CE Markings

March 27:
KWTC's 2nd Annual Global Golf Scramble

Click Here for more information on these events

The Kentucky World Trade Center and
Baker & McKenzie LLP

Present

Rules of Origin and Documentation for all U.S. Free Trade Agreements

Thursday - January 17, 2008
8:00 a.m. – 12:00 p.m.
Registration: 7:30 – 8:00 a.m.

This seminar will train you on the rules of origin for all major U.S. Free Trade Agreements, including NAFTA. You will also learn how to legally document your activity and properly fill out the Certificate of Origin. The seminar will cover real-life case studies and common compliance errors.

Expert Presenters:
Baker & McKenzie LLP is the world’s leading global law firm. Michael “Ted” Murphy, a partner at Baker & McKenzie, and Kevin Sullivan, an associate at Baker & McKenzie, will share their expertise on Free Trade Agreements. Located in Washington, D.C., their practices focus specifically on customs, international trade regulation and compliance, WTO, and cross-border counseling.

Cost: $45 for KWTC Members, $65 for Non-Members
Location: Wyatt, Tarrant & Combs LLP, 500 West Jefferson Street Louisville, KY
Contact: Danielle Rust with KWTC at danielle.rust@kwtc.org or 859-258-3139.

KWTC's Chinese New Year Celebration 2008

Thursday - February 7, 2008
5:00 p.m. - 8:00 p.m.
Radisson Hotel - Lexington, KY
$30 KWTC Members; $40 Non-members

The Kentucky World Trade Center (KWTC) would like to invite you to attend our Chinese New Year Celebration event February 7, 2008 in Lexington. We would like to provide you this opportunity to network with the business professionals and members of the Chinese community. Formal Governor Martha Layne Collins and Lexington Mayor Jim Newberry will join us in this celebration. You will enjoy authentic hors d'oeuvres & wine, with Chinese music, a unique Chinese cultural experience ! Please bring and invite a guest.

Sponsorship Opportunities available!
If you would like to be a part of this unique, cultural celebration
by becoming an event sponsor, Click Here

To make your reservation, please contact Angela Davis with KWTC
at 502-574-4773 or Angela.Davis@Louisvilleky.gov

Host Your Next Event in KWTC’s Louisville Office!

If you are looking for a place to hold a professional conference, an intimate catered event or a business meeting, the Kentucky World Trade Center has the location to meet your needs. Located in downtown Louisville, attached to the KY International Convention Center, the KWTC office is a convenient location for your next event. CLICK HERE to read more

If you would like more information or to book your next event, please contact Angela Davis at 502-574-4773 or Angela.Davis@LouisvilleKy.gov.

About the KWTC

The Kentucky World Trade Center (www.kwtc.org) is a non-profit membership organization helping Kentucky companies import, export and establish overseas operations. With offices in Lexington and Louisville, the KWTC offers counseling, market research services, translation assistance, trade education seminars, international events and programs, cross-cultural training, trade missions, and referrals to local international service providers.

The Kentucky World Trade Center is affiliated with the World Trade Centers Association in New York (www.wtca.org), which administers nearly 300 World Trade Centers in close to 100 countries.

Learn More about the KWTC's Programs & Services

KWTC Research Services

KWTC Member Discounts

KWTC Customized In-House Training Seminars

KWTC Programs, Seminars & Trade Missions

KWTC Business Referral Service Program

WTCA Online

Career Resource Center

KWTC Contact Information

Lexington Office
1600 World Trade Center
333 West Vine Street
Lexington, KY 40507

Contact:
Ying Juan Rogers
Vice President
E-Mail: yingjuan@kwtc.org

Phone: 859-258-3139

Web: www.kwtc.org & www.wtca.org

Louisville Office
224 South 2nd Street
Louisville, KY 40202