TradePost: July 13, 2009

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the TradePost
a Kentucky World Trade Center Publication	July 13, 2009

KWTC News :

KWTC receives Mumbai delegation

Governor Martha Layne Collins, Aparup Sengupta, Richard Ferry, and Ying Juan Rogers gathered at last week's reception.

The Kentucky World Center recently received a delegation from Aegis Limited, a company based in Mumbai, India. This is resulted from the KWTC's trade mission to India this February. An Essar Group Enterprise, Aegis offers the benefits of the global delivery model, strong financial strength, deep domain expertise, comprehensive and flexible solutions offerings, and a rich international talent pool. Leveraging 32 global locations and a 32,000 strong talent pool, Aegis services more than 60 Fortune 1000 companies worldwide.

The group consisted of several company executives, including Aparup Sengupta, CEO of Aegis Limited, and Richard Ferry, President & CEO of Aegis Communications. Their recent visit was the result of the KWTC's trade mission to India, in February 2009. During the trip to the US, Aegis visited Louisville, Richmond, Frankfort and Lexington. They are looking for business opportunities between India and Kentucky.

Applications now accepted for GAITE awards

The Kentucky World Trade Center invites your company to apply for the 2009 Governor's Award for International Trade Excellence.

The Kentucky World Trade Center’s GAITE award is the first international trade award given by the Governor of Kentucky. Formerly known as the World Trade Success award, this prestigious honor recognizes Kentucky companies successfully engaged in international trade. The Awards Committee is made up of KWTC staff and various representatives from the business community who work to identify the very best international trade success stories to be spotlighted at an annual awards luncheon.

Each year over 400 representatives from business, industry and government sectors gather to recognize firms for outstanding achievements in international trade at the World Trade Day Awards Luncheon. Organized by the Kentucky World Trade Center, the luncheon has become the Commonwealth’s largest annual gathering of international trade professionals. This year’s program will be held on September 4, 2009 at the Galt House Hotel in downtown Louisville, and will also include a delegation of foreign dignitaries assembled to speak to attendees about doing business with their respective countries.

Recent winners include LINAK, TubeMaster, Northern Kentucky University and Wild Flavors. (Click here for full list.) This year’s winners will be recognized and celebrated for their outstanding international trade achievements, and will be presented with trophies at the awards luncheon.

We will have an honored keynote speaker at the luncheon, and Governor Beshear has been invited to deliver an address regarding the State of World Trade in Kentucky.

There are no fees or obligations associated with selection as an award recipient. We ask only that the winning companies plan to have a representative attend the awards luncheon on September 4, 2009, that they agree to allow media coverage of their summarized success stories, and that they attend the press conference taking place before the luncheon program.

Criteria for selection as a GAITE recipient

GAITE application

International Trade News :

USTR: GSP eligibility changes
Annual Review Results in Changes to GSP Eligibility. The Office of the U.S. Trade Representative announced June 30 a number of changes to the products eligible for duty-free treatment under the Generalized System of Preferences as a result of the 2008 annual review of GSP. More...

CPSC announces $500,000 in penalties for lead violations
The Consumer Product Safety Commission announced recently that nine children’s product manufacturers have agreed to pay a total of $500,000 in civil penalties to settle allegations that they knowingly manufactured, imported or sold toys and other children’s articles with paint or other surface coatings that contained lead levels in violation of federal law. More...

HTS changes effective July 1, 2009
On July 1, 2009, U.S. Customs and Border Protection (Customs, CBP) issued Cargo Systems Messaging Service (CSMS) message 09-000257 announcing changes to the current Harmonized Tariff System (HTS). More...

State Dept. imposes $100,000 fine, remedial actions for AECA/ITAR violations
The State Department announced July 8 that it has reached an agreement with a U.S. company to resolve violations of the Arms Export Control Act and the International Traffic in Arms Regulations committed between Sept. 2003 and Jan. 2004. More...

Did you know?
KWTC members have access to a full database of trade leads, available at wtca.org. For questions, contact marie.davis@kwtc.org.

Save the date!

World Trade Day

September 4, 2009
Louisville, KY

Click here for more details

Featured Events :

1st Annual Asia Business and Economics Summit

Friday, July 24
8:00am-12:00pm

Greenebaum Doll & McDonald
National City Tower
101 S. 5th Street
Louisville, Kentucky 40202

Individual Tickets: $75

Seats are limited. Please reserve today by contacting WAC at 502-561-5422 or vbersig@worldkentucky.org
or register online by clicking HERE

Click here to view flyer

Presented by the Kentucky World Trade Center in partnership with the World Affairs Council of Kentucky
Sponsored by Greenebaum Doll & McDonald

Check out our
Calendar of Events!

Joint venture positions UPS for growth in Middle East, Turkey and Central Asia

UPS (NYSE:UPS) announced a new joint venture headquartered in Dubai to coordinate management and growth of UPS express package, freight forwarding and contract logistics services across the Middle East, Turkey and portions of Central Asia.