The plant closing was partly due to the year phase-out of Section of the Internal Revenue Code, which provided a tax credit against U. Pharmaceutical companies originally came to Puerto Rico over 40 years ago to take advantage of Section , turning Puerto Rico into a worldwide pharmaceutical center that currently produces 16 of the top selling drugs in the U. Nevertheless, Schering was one of dozens of manufacturing plants that ceased operations in Puerto Rico over the last decade, and Semprit only one of thousands of individuals who lost their jobs. But Semprit was well prepared to take a hit. At the age of 28 he enjoyed a good salary, and had put away quite a bit for a rainy day. In order to keep himself busy while another opportunity arose, Semprit applied for insurance and securities licenses and spent the next two years hitting the pavement looking for clients. As he explains it, one of his strategies when seeking new clients was to read announcements companies were making about new products that were sure to reap great revenues.
Global business matchmaking puerto rico
A group of local engineers is gearing up to participate in the upcoming Panama Canal International Engineering and Infrastructure Congress, the first event of its kind taking place in that country focusing on best practices, world infrastructure projects and future engineering trends. About 90 participants gathered for a seminar offered by Francisco J. Miguez, vice president of finance and administration of the Panama Canal Authority, the organization in charge of the international gathering slated for April Among other things, he spoke of business opportunities in Panama and offered further details on the upcoming event.
Global Access, Trade Expertise, Customized Business Solutions providing them with market intelligence, trade counseling, business matchmaking, and.
Puerto Rico. The big ports and distribution centers in northwest Europe. It is a bit too simple to say Puerto Rico imports active pharmaceutical ingredients from low-tax jurisdictions and exports finished pharmaceuticals to high-tax jurisdictions. The imports from Ireland and Singapore could be for pharmaceuticals destined for the U. It helps identify when trade in tasks starts to look more like trade in tax.
This, to be clear, is a different definition of external trade than the U. Territories are strange. At least not in nominal pharmaceutical exports. In an industry with ongoing productivity gains, the number of jobs supported in the industry tend to fall over time—it typically takes a rise in production for the number of jobs to grow or stay constant. That income deficit not surprisingly is roughly equal to the trade surplus in pharmaceuticals and chemicals.
In other words, transfer pricing shifts profits to Puerto Rico, before dividend payments move the profits to yet another jurisdiction.
Fiscal Year 2012 Annual Performance Report
American businesses are increasingly turning to exports as a source of opportunity, growth and diversification. Though foreign markets are more accessible than ever, exporting is still more complicated than doing business domestically and presents a unique set of challenges. Business owners with an eye on the international marketplace should not be deterred.
There are powerful resources to empower exporters to overcome obstacles to global growth. One such resource — the network of U.
The U.S. Customs Service Journal for the International Trade Community CALENDAR OF EVENTS NATIONAL TRADE FAIR IN PUERTO RICO Southeast business-related news, and trade and investment leads; • Matchmaker events that.
The 53rd edition of Vinitaly was held on April 7th and 8th in Verona. It had , visitors from different countries. During this event, which is a whole reference in the wine sector, the main trends and novelties of the sector were presented. More than 4, wineries were represented at the fair, where they present their wines from all Italian regions. There was also a small international representation from countries such as Argentina, Spain and France.
Some of the wineries organised wine tastings to attract potential international buyers. For Opera Global Business , Vinitaly was the perfect occasion to strengthen alliances and relationships with local partners and customers at this sector. In addition, the consultants of the group present the opportunity to promote Italian wine in Europe and in third countries to potencial clients the opportunity to promote Italian wine in Europe and in third countries, through the European OCM funds. The Brazilian association has traveled to Cannes to attend the conference celebrated during the MIPIM fair in order to find potential buyers and strategic partners.
This time, the Brazilian architecture stand at the MIPIM fair served as a point of promotion and meeting with European buyers and investors. In addition, the association exchanged trends and explored possibilities for international collaboration. Opera Global Business has been part of this project, contributing to the promotion of the export of Brazilian architecture by organizing matchmaking agendas and organizating the conference given during the MIPIM fair, considered the most important in Europe.
This mission represents a great step forward in the expansion of Brazilian architecture.
International Trade consultant
For additional information and updates, click here. Discussion topics may include:. Forced Labor. The agenda and registration details are coming soon! If your company wants to expand global sales but is hesitant because of the risk of non-payment from new customers abroad, help and resources are available to mitigate risks.
Puerto Rican Leader Notes Economic Gains:: ;. two of the world’s best expanding markets for U.S. agribusiness products. The Matchmaker Trade Delegation to Buenos Aires, Argentina and Santiago, Chile from August 31 to September 4.
Unilateral trade liberalization has been one of the prime economic developments of the recent decades resulting in accelerating trade volumes between the developed and emerging economies, and global economic growth. However, as the world recovers from the economic crisis of , international trade paradigms are changing, the goal posts are shifting. Consumers in the developed markets are demanding higher quality products and services at lower prices, while the governments are increasingly maintaining a strong protectionist stance.
Our trade promotion services are broadly divided into Policy Guidance, Promotions and Market Entry Support services as depicted below. Please hover over each service for brief descriptions of recent successful engagements executed by PSD Global. Aiding Governments build effective external trade promotion policies and strategies for each target country. As international trade grows in volume, so does the complexity involved in formalizing trade agreements between governments.
PSD Global works with your government or agency on developing correct trade promotion strategies! We offer highly effective trade promotional activities that go beyond mere organization of trade shows. We chalk out, jointly with the client, a tailored trade promotion strategy based on the profile of host country industry and enterprises and the extent of trade that already exists between the host and target countries.
Once the promotional strategy is formalized, we deploy our team of experts in executing the strategy and carrying out promotional activities.
CanExport SMEs Program – Applicant’s Guide
The Toolkit includes the Community Vulnerability Tool; IllumiNation, a tool to match microgrid projects with funding; and, the Renewable Energy Directory, an online directory of professionals and organizations directly involved in the planning, design, installation and management of renewable energy systems. The goal of the Toolkit is to directly influence future microgrid implementation efforts by RPPR, RMI and other like-minded organizations, enabling them to be more impactful and efficient.
RMI and RPPR encourage energy stakeholders in Puerto Rico and beyond to utilize the tool for a greater understanding of energy needs and access to resources for renewable energy and microgrid projects. If organizations are considering developing a microgrid, are interested in funding or financing a microgrid, or are a Puerto Rico-based entity involved in renewable energy and microgrid development, they can create a profile and be featured on the Toolkit website.
Business owners with an eye on the international marketplace should not be Business Matchmaking Services at USEACs Business matchmaking is one of the Milwaukee Puerto Rico San Juan, PR U.S. USEAC Locations For information.
Our services are customized to the needs of individual businesses to maximize their success and range from the assessment of a target market, the research of your potential foreign partners agents, distributors or sales reps and the setup of your own distribution network. Let us fast track your business to a new level! We consult, manage and get the job done. Your company can outsource export marketing from us. Every project is evaluated on an individual basis.
Some of the services includes:. Our Agency services will represent your company at trade missions and other international events. Other services:.
What Puerto Rico Tells Us About Global Trade
Title and company name are searchable on the virtual event platform. Attendees can easily find their targeted company and get more information using the search function. The chat box allow media file upload so that they can exchange the business card or others useful materials. Enable different attendees to create filters or preferences.
Get foreign trade data reports, information on Trade Regulations and International Trade (95); Manufacturing (2); Puerto Rico – PR (2) International Trade Specialist U.S. Commercial Service Philadelphia The U.S. Commercial Service’s Gold Key business matchmaking service does exactly that.
My Business Matches MBM is a Veteran-Owned cloud based global business matchmaking solution that allows hosts to create Engagement portals, or conduct business matchmaking events. We have been used in over countries, over 1. Our vision is to the be the preferred global leader in business matchmaking, by connecting people through continuous innovation and fanatic customer service which will impact all economic, civic, procurement, and business development objectives of our clients.
My Business Matches is Global. We have executed events in over 50 countries and been utilized in over countries. We currently have over 2,, million global registered diverse companies who are using our platform. With more clients coming in and more work needed to be done. Jeff Vigil President, CEO fused a group of individuals and placed them into an office where they were tested on their creativity and analytical skills. We generate new business relationships through our business matchmaking tool.
As a result, we have had an amazing journey and feel confident that we will continue to grow as we move forward.