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Kentucky Cabinet for Economic Development International Trade Division

Kentucky Cabinet for Economic Development International Trade Division. Helping Kentucky Companies Compete in the Global Market Place. 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

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Kentucky Cabinet for Economic Development International Trade Division

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  1. Kentucky Cabinet for Economic DevelopmentInternational Trade Division Helping Kentucky Companies Compete in the Global Market Place

  2. Kentucky Goes Global • KY’s exports rank 9th 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. * * American Chamber of Commerce

  3. 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.

  4. You Are Not Alone Kentucky is committed to helping Kentucky’s businesses be competitive players in the global economy. The Mission of the International Trade Division We provide opportunities and no-cost services to Kentucky companies wanting to sell abroad.

  5. Taking Advantage of Global Trade • 95% of the world's population and 2/3rd of its purchasing power lie outside the US. • Global companies grow twice as fast and pay 15% higher wages than domestic companies.

  6. Kentucky Foreign Trade Offices • CHINA MEXICO • Your eyes and ears abroad: • making travel arrangements and business appointments • locatingforeign buyersof Kentucky goods • screening potential dealers, distributors, and agents • facilitating contract negotiations & local regulation • compliance • arranging trade show exhibitionsat reduced cost

  7. 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

  8. Expo Seguridad 2010 in Mexico

  9. Glasscock Lumber in China

  10. How to Get Started Pick up the phone and call… Cabinet for Economic Development International Trade Division Exporting… It’s what we do!

  11. 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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