News & Notes

October 16, 2018: Leader of New Regional Innovation Effort for East Kentucky Announced in Pikeville: Shaping Our Appalachian Region (SOAR) was chosen as the first leader of one of Kentucky’s newly established hubs to serve, attract and develop more innovative entrepreneurs and startup businesses, Gov. Matt Bevin announced Tuesday.

October 11, 2018: Eligible Small Businesses Should Apply Before Nov. 1 for Growth Incentives:Time is limited, but Kentucky small businesses can still claim a tax credit of up to $25,000 on their 2018 tax returns. By submitting a complete application for the Kentucky Small Business Tax Credit program by Nov. 1, small businesses stand the best chance of receiving approval in time for their 2018 tax filings. Tax credits are available for companies that, in the past 24 months, added at least one new employee and invested $5,000 or more in qualifying equipment or technology.

October 1, 2018: GE Appliances Plans $200 Million-Plus Investment, 400 New Jobs in Louisville: During a news conference today in Louisville, Gov. Matt Bevin joined elected officials and Kevin Nolan, president and chief executive officer of GE Appliances, a Haier company, to announce the appliance manufacturer will create 400 new jobs with a $200 million-plus investment in its laundry and dishwasher production facilities.

September 26, 2018: Investors Heritage Life Insurance Company to Add 75 Jobs in Frankfort: Gov. Matt Bevin today announced Investors Heritage Life Insurance Company will create 75 full-time jobs at its Frankfort headquarters, doubling its Kentucky workforce throughout the next five years with a $1 million investment.

September 21, 2018: Tractor Supply Co. Announces Plans to Add More Than 150 Jobs at Simpson County Distribution Center: Tractor Supply Co., a major rural lifestyle retailer in the United States, will create approximately 156 full-time jobs at its distribution facility in Franklin with an $8.5 million investment, Gov. Matt Bevin announced today.

August 31, 2018: Fiberglass Manufacturer SKAPS to Add 20 Jobs in Henderson: SKAPS Industries, a producer of rolled fiberglass products, will invest $5 million and create 20 full-time jobs at its recently acquired Henderson operation, formerly Matrix Composites Inc., Gov. Matt Bevin announced today.

August 31, 2018: Sister Schubert's to Expand, Add Employment in Horse Cave 20 Jobs in Henderson: Sister Schubert’s Homemade Rolls Inc., a major producer of frozen dinner rolls, has announced a $50 million phase I expansion of its manufacturing operation in Hart County expected to create 72 full-time jobs.

August 22, 2018: Against the Grain opens brewpub in Japan: A local brewery is going against the grain by going somewhere no Louisville brewery has gone before.

August 22, 2018: World Trade Center Kentucky Partners With The Woodford Economic Development Authority and Chamber of Commerce :Under this partnership, businesses served by the Economic Authority and the Chamber will be provided access to international trade training and support from the WTC-KY.

July 26, 2018: Alpla to Expand Bowling Green Plant, Create 24 Jobs: Austrian plastic manufacturer will invest nearly $7 million in 100,000-square-foot addition.

July 23, 2018: Auto Parts Maker DAE-IL Breaks Ground on 120-Job Facility in Murray: South Korean manufacturer establishes first US plant in West Kentucky’s Calloway County.

July 17. 2018: At England’s Farnborough International Airshow this Week, Ky. Leaders to Recruit Aerospace Jobs: Gov. Bevin leads economic development mission to continue the industry’s growth. 

July 16, 2018:  World Trade Center Kentucky Announces 2019 Board of Directors: World Trade Center Kentucky (WTC-KY) has announced four new directors to its Board. Two current directors, Donna Maloney, Advisor for Governmental Initiatives for Alltech, and Eric Sauvage, CEO of LBX, will serve an additional 3 year term. 

June 26, 2018: Kentucky Commissioner of Agriculture Ryan Quarels Led World Trade Center Kentucky Trade Mission to Canada: World Trade Center Kentucky (WTC-KY) recently returned from an agriculture and agribusiness-focused trade mission to Canada, led by Kentucky Commissioner of Agriculture, Ryan Quarels.

June 18, 2018: Kentucky Agriculture Commissioner Ryan Quarles to Lead Agricultural Trade Mission to Canada: The World Trade Center Kentucky (WTC-KY) and Kentucky Agriculture Commissioner Ryan Quarles have departed on an agriculture and agribusiness-focused trade mission to Canada earlier today. The Canada 2018 Trade and Business Mission, organized by (WTC-KY) presented by Kentucky Farm Bureau and Masterfeeds/Alltech, will take attendees to Toronto and Guelph from June 18-22, 2018.

June 8, 2018: World Trade Center Kentucky Congratulates Advanced International Trade Certification Class: The World Trade Center Kentucky (WTC-KY) is proud to announce the Spring 2018 graduates of its Advanced International Trade Certification Program. The one-day program was created to help participants, and the companies they were representing to develop best practices, policies, and procedures to: achieve regulatory compliance, avoid potential loss of trade privileges, resolve audit issues fast, and mitigate high-penalty liabilities and excessive inspection.

June 6, 2018: World Trade Center Kentucky Congratulates International Trade Certification Class: The World Trade Center Kentucky (WTC-KY) is proud to announce the Spring 2018 graduates of its International Trade Certification. The three-day program was taught by experts from banking, tax, legal, customs compliance, market intelligence, freight forwarding, customs brokerage, and government to provide a foundation for effective and efficient international trade operations management for participants.

May 29, 2018World Trade Center Kentucky and University of Louisville set Business Students up for Success: The World Trade Center Kentucky (WTC-KY) was invited by the University of Louisville to teach the fundamentals of international business for their MBA programs. The purpose of this program was to prepare students to tackle the opportunities and challenges in international business. For this four-day program, the WTC-KY staff, along with local company representatives, provided instruction on international sales contracts, global market research, export/import compliance and international trade finance.

May 21, 2018: STEP Funding Still Available for Small Businesses Recipients must apply by Nov. 23, use funds by Dec. 31: If you run a small business in Kentucky, you may not know you have the opportunity to increase your export potential. Companies can begin exporting or boost their current international sales through the State Trade Expansion Program (STEP) grant funded through the US Small Business Administration.

April 23, 2018Kentucky Lt. Governor Hampton Joins World Trade Center Kentucky Aerospace Mission to Canada: Canada, the world’s 10th largest economy and member of NAFTA, is the number one destination for Kentucky exports and the fifth largest foreign market for Kentucky aerospace exports. Kentucky’s aerospace exports have risen 183 percent over the past five years and account for approximately 17,000 Commonwealth jobs. During the Aerospace Trade Mission the deletions was belt to meet and network with many Canadian businesses and individuals in the aerospace industry , not only from Canada, but Germany, the UK, and Portugal. 

April 16, 2018: Lt. Governor Leads Canada Aerospace Trade Mission: Kentucky’s aerospace exports exceeded $11.7 billion in 2017. The rapid increase over the past five years proves the potential for the continued growth of this industry and illustrates the importance of the industry as an economic driver. The Lt. Governor will be leading this mission to encourage economic development opportunities and help connect stakeholders from Kentucky and Canada. Kentucky businesses on the Mission include: Highlands Diversified Services; KAIC; LBX Company, LLC; Morehead Rowan County Economic Development Council; Morehead State University; Sealing Life, Inc. and Skilcraft LLC. These regional businesses will be joined by the U.S. Commercial Service and the U.S. Consulate in Montreal.

April 13, 2018: Monty's Plant Food Company Announces New Chief Executive Officer: Jeff Sangalli the new Chief Executive Officer brings over 22 years of experience in technology development, commercialization, manufacturing, and supply chain in both the agriculture and consumer electronics industries. Sangalli assumes the role as part of Monty’s management restructuring plan designed to support its future growth initiatives both domestically and internationally. Monty’s former CEO, Kevin Voss, is now President of International Business Development spearheading Monty’s global expansion initiative in agriculture, remediation, animal nutrition, and oil and gas.

August 8, 2017: Kentucky Will Pursue $1.6B Mazda-Toyota Factory, Up to 4,000 Jobs: Gov. Matt Bevin said this week that the state of Kentucky intends to make a major push to land a $1.6 billion manufacturing facility planned by automakers Toyota and Mazda. Bevin told a group of automotive suppliers and industry officials gathered in Lexington on Monday that the state will pursue the proposed factory and mentioned a 1,550-acre site in Glendale, Kentucky, as a prime location."Why shouldn't it be here?" Bevin said. Japanese makers Toyota and Mazda announced last Friday that their companies will launch a joint venture with a facility in the U.S. that will produce the top-selling Toyota Corolla and a Mazda crossover vehicle starting in 2021.

August 7, 2017:
 German Industrial Output Unexpectedly Falls First Time This Year: German industrial production unexpectedly slipped in June as manufacturing and construction caused a temporary blip in the growth spurt of Europe’s largest economy. Output, adjusted for seasonal swings and inflation, fell 1.1 percent in June after rising 1.2 percent in May, the Economy Ministry in Berlin said on Monday. That’s the first drop in six months in the typically volatile measure, which compares forecasts for a 0.2 percent gain. Production was up 2.4 percent from a year earlier.

August 5, 2017: 
United Nations Bans Key North Korea Exports Over Missile Tests: The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday that could slash by a third the Asian state’s $3 billion annual export revenue over its two intercontinental ballistic missile tests in July. The U.S.-drafted resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. It also prohibits countries from increasing the current numbers of North Korean laborers working abroad, bans new joint ventures with North Korea and any new investment in current joint ventures.

July 29, 2017
: A bad week for Germany’s carmakers: STRENGTH and reliability were once the watchwords of Germany’s carmakers. Tardiness and scheming seem more apt terms now. Nearly two years after Volkswagen (VW) was caught rigging emissions tests, the difficulties continue to pile up. Europe is turning against diesel, and even petrol. And German firms are facing accusations of collusive behaviour, including claims of more widespread rigging of emissions tests for diesel engines.

July 27, 2017: Starbucks bets big on China: The coffee chain plans to buy the remaining 50% share of its East China joint venture business in a $1.3 billion deal that could help significantly boost its footprint, it announced this morning. The all cash deal will be the single largest transaction in Starbucks' history and would give it full ownership of 1,300 stores in the Shanghai, Jiangsu and Zhejiang provinces. The Seattle-based company is acquiring the locations from its long-term partners Uni-President Enterprises Corp. and President Chain Store Corp.
July 26, 2017: Wonder Woman Saves the U.K. Economy: Wonder Woman – at least according to the latest cinematic version of the story – helped Britain to win World War I. Now it appears she’s doing her bit for the economy. U.K. box-office receipts for the Warner Bros. film, and others such as “Pirates of the Caribbean,” helped drive growth in services in the second quarter of the year. Including film production, the sector grew 8.2 percent and added 0.07 percentage point to gross domestic product over the three months. That’s almost one third of the 0.3 percent growth recorded in the period.
July 23, 2017: Why a U.K. trade deal will be harder than Trump thinks: Is this the beginning of an even more special relationship? Britain and the United States will kick off informal talks on a trade deal when U.K. officials visit Washington Monday. President Trump has said that he expects a "very big" and "very powerful" deal that's good for both countries to be reached "very, very quickly."
July 21, 2017: New agreement will allow US rice exports to China: China has agreed to allow imports of rice from the US for the first time. The agreement gives US farmers access to the world's biggest rice consumer, with China importing about 5 million tonnes last year. It follows trade talks between the two countries that resulted in little progress on other issues. While China opened its rice market in 2001, a lack of protocols on pests and plant diseases effectively stopped imports taking place.
July 13, 2017: China's export, import growth accelerate in June: Chinese trade growth accelerated for a second month in June in a positive sign for global demand and the world's No. 2 economy. Exports rose 11.3 percent to $196.6 billion, up from May's 8.7 percent rate, customs data showed Thursday. Imports gained 17.2 percent to $153.8 billion, up from the previous month's 14.8 percent growth.
July 11, 2017: Look out, OPEC! U.S. to become top 10 oil exporter by 2020: Increased shale production will transform the U.S. into one of the world's top oil exporters in just a few years, according to a new forecast by the consultancy PIRA Energy Group. PIRA estimates that American crude exports will grow to 2.25 million barrels a day by 2020, a four-fold increase from 2016. The boom would put the U.S. in roughly the same league as major oil exporters including the United Arab Emirates and Kuwait.
July 10, 2017: Kentucky Bourbon Was In The Crosshairs of Trump International Trade Dispute: Kentucky bourbon has added a local twist to an international trade battle between the Trump administration and the European Union and China. The United States faces retaliatory tariffs on agriculture products, including whiskey and other spirit exports, if the president follows through on threats to put tariffs on foreign aluminum and steel imports.
July 7, 2017: Big in Japan: How the EU Pulled Off Its Largest Trade Deal: After four years of grueling negotiations, the EU’s landmark trade deal with Japan boiled down to one intractable issue: soft cheese. In an ornate room buried deep in Japan’s foreign ministry on the night of July 1, Phil Hogan, European commissioner for agriculture, saw time slipping away. His flight to Rome, where he was scheduled to attend a meeting of African agriculture ministers, was just hours from departure.
June 29, 2017: The Latest: SKorea to Buy Shale Gas, Build New US Factories: South Korean companies say they plan to import more American shale gas and build new factories in the U.S. as the two countries' leaders prepare to hold summit talks in Washington. The Korea Chamber of Commerce and Industry said Thursday that major South Korean companies announced a slew of proposed investments and other good news for the American economy ahead of President Moon Jae-in's meetings Friday with President Donald Trump.
June 26, 2017: BMW Announces $600M Expansion As It Celebrates 25 Years: BMW said Monday it will invest an additional $600 million to expand its South Carolina plant, creating 1,000 new jobs over the next four years. CEO Harald Krueger’s announcement coincided with the German automaker’s celebration of 25 years of manufacturing in the state. BMW, which has already invested $7 billion in South Carolina, also unveiled its 2018 BMW X3, a compact sports vehicle expected to be available in November. It will be built at the plant in Greer alongside the BMW X4, X5 and X6.
June 21, 2017: Advanced Manufacturing In The Eight-County Bluegrass Region, Kentucky: Advanced manufacturing is a key aspect of the Bluegrass Region’s economy and is a targeted industry for Lexington’s economic development. Advanced manufacturing uses innovation and technology to improve the manufacturing process, typically through the incorporation of computer technology, advanced robotics, clean technology, information technologies, automation, innovation, precision control of the manufacturing process, customization, sustainability, waste reduction, and eco-friendly technologies and practices.
June 20, 2017: Ford investing $900 million in Kentucky plant for SUVs: Ford Motor will invest $900 million in Louisville's Kentucky Truck Plant to build the revamped Ford Expedition and Lincoln Navigator SUVs, a move that is expected to secure 1,000 jobs. The announcement, coming on the same day that Ford said it will shift production of its Focus compact car to China, gave officials a chance to trumpet their investment in American automaking operations.
June 15, 2017: The Next U.S. Ambassador to Canada Might be from Kentucky: The next U.S. ambassador to Canada might be a Kentuckian. President Donald Trump plans to nominate Kelly Knight Craft of Kentucky to the post, which is officially "ambassador extraordinary and plenipotentiary of the United States of America to Canada." Craft leads Kelly G. Knight LLC, a business advisory firm based in Lexington, according to a news release. She also serves on the University of Kentucky board of trustees.
June 14, 2017: Mexico Says NAFTA Agriculture Ministers to Meet Next Week: Mexico's agriculture minister will visit the United States next week to meet with his U.S. and Canadian counterparts to begin talks on renegotiating the North American Free Trade Agreement, the Mexican government said on Wednesday. Mexico's Jose Calzada will meet U.S. Agriculture Secretary Sonny Perdue and Canadian Agriculture Minister Lawrence MacAulay during a visit from June 19 to 22 to Perdue's home state of Georgia, the agriculture ministry said in a statement.
June 13, 2017: Gov. Bevin Announces Creation Of Kentucky Work Matters Task Force: Gov. Matt Bevin today announced the creation of the Kentucky Work Matters Task Force at a press conference with federal and state officials and other special guests in the State Capitol Rotunda. The new 23-member task force will bring together every department of state government that has a hand in workforce development with members of the private sector. Their mission is to address barriers to employment and promote workforce inclusion among people with disabilities, foster children, disabled veterans, and individuals burdened by substance abuse or criminal records.
June 12, 2017: Logistics/Transportation | Riverports Grow As Exports Flow: Expanding riverports are adding Kentucky logistics capacity to support an ongoing rise of export business. At-capacity U.S. aircraft production and vehicle producers’ shift from steel to aluminum are factors, along with a world that wants Appalachian hardwood and every fourth row of commonwealth corn.
May 29, 2017: U.S. May Put Emergency Tariffs On Solar Imports: The United States has notified the other 163 members of the World Trade Organization that it is considering putting emergency "safeguard" tariffs on imported solar cells, according to a WTO filing published on Monday. The move raises the stakes in a global battle to dominate the solar power industry, which has grown explosively in the past five years. As production has increased, prices have tumbled, favoring producers who can take advantage of economies of scale.
May 25, 2017: $176M Investment in Nucor Steel Gallatin Mill to Add Capabilities, Create 75 jobs: Nucor Steel Gallatin, a mainstay of the state’s primary metals industry, which produces rolled steel sheet used in various automotive applications, agricultural equipment, energy and other consumer products, will build a galvanizing line at its mill in Ghent with an estimated $176 million investment creating 75 full-time jobs, Gov. Matt Bevin announced today.
May 18, 2017: Activists on Both Sides Still Await President Trump’s Reset With Cuba: Four months after he was sworn in, President Trump has yet to make good on his vow to undo his predecessor's Cuba policies. There were reports the president would unveil his plan on Saturday to coincide with the 115th anniversary of Cuba’s independence. But those who oppose Barack Obama’s thawing of diplomatic relations with the communist country 90 miles south of Key West will have to wait until next month.
May 12, 2017: Apple Picks Corning Kentucky For Manufacturing Investment: Apple (AAPL) has picked Corning (GLW) as the first company to get an investment from its new $1 billion manufacturing fund. The maker of gorilla glass, among other products, will get $200M from Apple's new fund to invest in U.S. companies that do advanced manufacturing. Corning, which makes break-resistant glass for phones and tablets, has been an Apple supplier for at least 10 years, starting with the first iPhone. The investment will be in the Harrodsburg, KY plant. “This investment will ensure our plant in Harrodsburg remains a global center of excellence for glass technology” said said Wendell P. Weeks, Corning’s chairman, chief executive officer and president in a statement.
May 4, 2017: An EU Summit Shows Unity in the Face Of Brexit: “BRITAIN has had the same foreign policy objective for at least the last 500 years: to create a disunited Europe.” Like many lines delivered by Sir Humphrey, the roguish civil servant in “Yes Minister”, a British television comedy from the 1980s, this carried the ring of truth.

April 17, 2017:
Chinese Trade Numbers are Up, North Korea Focus on Future Trade ChangesMarch’s trade numbers are out for China and the country saw significant gains since February. They rebounded from an early year deficit to an almost $24 billion surplus in March. Their trade with North Korea increased 37% in 2017 as well. After President Xi Jinping and President Donald Trump met last week, China has promised to move toward a more aggressive stance on North Korea. Though they are not making moves to impose the typical economic sanctions, China is positioning itself closer to the US by publicly reprimanding the northern country for public threats against the U.S.

April 13, 2017:
After Trump-Xi Summit, an Eye Toward the Future : President Donald Trump and Chinese President Xi Jinping wrapped up their inaugural face-to-face meeting with the U.S. administration signaling plans to move forward with Beijing on trade and North Korea in the months ahead. Trump and Xi "discussed the challenges that introduces for both countries, but there’s a real commitment that we work together to see if this cannot be resolved in a peaceful way," Tillerson said. "But in order for that to happen, North Korea’s posture has to change before there’s any basis for dialogue or discussions."

April 10, 2017:
Toyota Plans $1.3 Billion Investment In Kentucky Plant : Toyota already makes its popular Camry sedan in a massive plant in Georgetown, Ky., and the car-maker will spend more than a billion dollars there to update the way it builds the vehicle. The plant also recently added 700 jobs. In response to the news, President Trump said, "Toyota's decision to invest $1.3 billion in their Kentucky plant is further evidence that manufacturers are now confident that the economic climate has greatly improved under my administration," citing a recent survey. 

April 5, 2017:
Candy Giant Perfetti van Melle to Add Production, 70 Jobs in Northern Kentucky : Perfetti van Melle USA, which produces Airheads, Mentos and other popular brands, will expand its manufacturing plant near Erlanger with an $11 million investment bringing 70 new full-time jobs. The expansion includes improvements to the facility, purchase of new equipment, assembly of the new production lines and the hiring of 70 new employees in 2017, approximately 50 of whom will be Kentucky residents. PVM sales saw double-digit increases across the past four years. This project will support that and future demand by growing the facility's manufacturing and packaging capacity by nearly 50 percent. 

April 3, 2017:
Trump’s Orders Target Trade Abuses and Import Duty EvasionOn March 31st, 2017, U.S. President Donald Trump signed executive orders aimed at fixing trade deficits and improving free trade agreements. One of Trump’s main platforms is focused on improving the U.S. trade deficit in order to boost the U.S. manufacturing sector with a surge of new jobs. Trump believes that by analyzing current dumping and other non-reciprocal practices of U.S. trading partners, including the use of unfair subsidies, he will be able to work toward improving the U.S. balance of trade. Currently, the World Trade Organization seems to have tax schedules that are unfairly biased against US exports because the U.S. does not make use of Value-Added Taxes (VAT). 

Mar. 29, 2017:
Britain's Prime Minister Theresa May Triggers Article 50, Making 'Brexit' Official : The United Kingdom has officially began the process of 'Brexit,' almost nine months to the date after the country's momentous vote to leave the European Union. British Prime Minister Theresa May formally told the E.U. of her nation's desire to leave the bloc on Wednesday, emerging an unpredictable and fiercely complicated set of negotiations over the terms of departure and what comes after. In a letter to European Council President Donald Tusk, hand-delivered by Britain's ambassador to the European Union Tim Barrow, May invoked "Article 50" of the Lisbon Treaty, the mechanism for departing the bloc. 

Mar. 27, 2017:
Japan Finance Minister - G20 shared need for free trade : The Group of 20 major economies, including the United States, agreed on the importance of free trade at a finance leaders’ gathering in Baden-Baden, Germany, last week, Japanese Finance Minister Taro Aso said on Friday. “It’s true some countries persisted on the wording (of the communique) such as ‘free’ and ‘fair’ trade,” Aso told parliament. “But no country favored protectionism, or called for abandoning free trade.” Aso also said an upcoming bilateral economic dialogue between the United States and Japan won’t debate currency policy, which will be overseen separately by the finance minister of each country.

Mar. 22, 2017:
Amazon & DHL Will Begin New Logistics Industry Partnership in May: Amazon will begin a collaboration with its future across-the-street neighbor, German logistics and shipping company DHL, which operates one of its three global air freight hubs at the Cincinnati/Northern Kentucky International Airport. Beginning in May, DHL will continue to run its Americas Hub at CVG at night while Amazon uses the facility and equipment during the day in what is thought to be Amazon's first step in designing and building its own Prime Air hub at the airport.

Mar. 20, 2017:
Biotech Mission to Cuba:The biopharmaceutical sector of Cuba is so large that Cuba is considered to be the “clear biotech leader in Latin America”. Some of the products stemming from affiliated Cuban biopharmaceutical companies include “cancer immunotherapies, a hepatitis B vaccine, and therapies for macular degeneration”, all of which can be easily shared between Cuba and the US. With the help of leading US universities and biotech businesses Cuba will be able to improve research on such biopharmaceutical technologies. A strong relationship between the two as well as sharing of resources and research will help to increase the scale of necessary clinical trials. This collaboration marks an important turn in cooperation’s between these two nations.

Mar. 15, 2017:
Captains of German industry to accompany Merkel on Trump trip : Superiors of German companies like Siemens and BMW will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week. Because of Trump’s “America First” policy and threats to impose tariffs on imported goods, German bosses want to notify Trump about the high quantity of jobs generated by “Deutschland AG”. Trains-to-turbines group Siemens employs more than 50,000 people in the United States, its single biggest market, where it makes 21 percent of its total revenue, while BMW's South Carolina plant is its largest factory anywhere in the world.

Mar. 13, 2017:
WTC-KY's International Trade Certification Program Graduates Spring Class : The World Trade Center Kentucky is proud to announce the Spring 2017 graduates of its International Trade Certification Program. The three-day program was taught by experts from banking, tax, legal, customs compliance, market intelligence, freight forwarding, customs brokerage and government, to provide a foundation for effective and efficient international trade operations management for participants.

Mar. 8, 2017:
Gov. Bevin Leads the WTC-KY Economic Development, Trade Mission to Japan : Gov. Matt Bevin will lead the WTC-KY economic development and trade mission to Japan, joined by other state and local officials, to meet with executives, strengthen ties and encourage international investment and job creation in Kentucky. Bevin, Sec. Terry Gill of the Kentucky Cabinet for Economic Development and other clients of the delegation will promote Kentucky in meetings with leaders of Japanese manufacturing and technology corporations. Companies include those with facilities already in the state, as well as new prospects.

Mar. 6, 2017:
Canada is No. 1 in KY world trade Canada’s top trade policy expert was sent to Northern KY to strengthen business ties with Kentucky’s largest international trading partners and discuss the recent increase in protectionism. Kentucky exported $7.5 billion worth of products to Canada in 2016 and Canada is Kentucky's No. 1 export destination. More than 112,000 KY jobs depend on direct investment from Canada and about 25,000 Canada-dependent jobs are in Northern KY. Because of this, the North American Free Trade Agreement (NAFTA) works for Kentucky and Canada and the increase in protectionism will hurt existing Canada-U.S. competitive advantages that have been built up over decades. Few realize that Northern Kentucky Spence Bridge is only 281 miles from the international bridge in Detroit to Canada- making it a prime location for trucking companies coming to and from Canada.

Mar. 1, 2017:
A Report from De Beers’s New Diamond Mine :The world’s largest diamond miner, a company named De Beers, is setting up a new mine in northern Canada. The company has an interesting model, both in ownership and business. The company focuses not only on mining and trade, but also the creation of demand and a market for the gems. In the 1930’s, only 10% of American engagement rings featured diamonds and in the 2000’s that number was near 80%. De Beers strategy is focused on maintaining demand as the supply of diamonds and mines dwindle. They have run into marketing issues as they are owned partially by the government of Botswana and run many joint operations with African states.  

Feb. 27, 2017:
NAFTA in Need of an Update : U.S. President Donald Trump has called the North American Free Trade Agreement (NAFTA) "the worst trade deal," yet previous U.S., Canadian, and Mexican authorities, have spoken at the Atlantic Council on February 22, cautioned against surrendering the crucial trade that ties their three countries while recognizing that it needs a refresh. "NAFTA should be updated, the world has changed, the market has changed in twenty-three years," said Carlos Gutierrez, who filled in as U.S. Commerce Secretary in the George W. Bush administration.

Feb. 22, 2017:
Increase in Arms Transfers Driven by Demand in the Middle East and Asia : In a study done by the Stockholm International Peace Research Institute, they have found that the international arms market has increased by 8.4% since 2007. The top five exporters – US, Russia, China, France, and Germany – account for 74% of total exports. SIPRI found that, in the time period of 2007 to 2016, demand in Asia and the Middle East increased, accounting for the increase in market. While the Middle East’s imports almost doubled, Europe’s imports decreased by 36%. We can also see the flux of imports in conflict zones in Western Asia and Sub-Saharan Africa

Feb. 20, 2017:
High-Ranking Quebec Officials Visit Louisville to Foster Trade : Last week, a delegation of Québécois officials visited Louisville, Kentucky to foster trade agreements between the two sub-national units. In times of uncertainty with trade at the national level,states are looking to strengthen ties with existing trades partners. Kentucky's largest partner in exporting is Canada, with about $7.3 billion being sent to the northern state, and approximately a third of that goes to the province of Quebec. The Canadian government estimates that over 100,000 Kentucky jobs are dependent on this partnership. After the visit, officials from both governments are optimistic as to the continued partnership between our economies.

Feb. 15, 2017:
Kentucky Shatters Export Record at $29.24 Billion in 2016 : Kentucky's fares bankrupt an unsurpassed record in 2016 with $29.24 billion in products and services sent abroad from the Commonwealth, a 5.8-percent expansion from 2015, Gov. Matt Bevin as of late reported. Aviation items and parts where at the top of all classifications with more than $10.85 billion in merchandise sent out globally, an expansion of more than 24 percent more than 2015. Kentucky positioned second broadly for 2016 in aviation related trades.

Feb. 13, 2017:
Justin Trudeau and Donald Trump Try to Bridge Some Gaps While Avoiding Others : Despite sharp differences on immigration, refugees, trade and climate change, President Trump and Prime Minister Justin Trudeau of Canada struck a cordial tone on Monday in their first meeting, alternating between attempting to bridge those gaps and steering clear of them. Mr. Trump has called for a halt to the admission of refugees, saying that terrorists might slip into the United States among them, while Mr. Trudeau has held out Canada as a haven for refugees, particularly people who have fled the war in Syria, publicly.

Feb. 8, 2017:
Carrier's Reputation Founded on Their Ability and Commitment to Solve Unique Processing Application Problems of Their Clients : The imagination of Carrier's custom solutions is prove by a technology profile of more than 150 patents. They proudly offer some of the industry's most advanced vibratory technology, conveying equipment and foundry equipment, and can custom design a solution to meet your needs. Their commitment extends beyond equipment design.

Feb. 6, 2017:
Logistics Companies Fear the Return of Hard Borders : The most serious effect on business would originate from higher taxes, which would hurt interest for cross- border imports and conveyances for nearby products. This is the place Mr Trump's threats come into core interest. A trade war would hit the enormous volume of transfers that DHL's, FedEx's and UPS's planes convey each day all through America. 

Feb. 1, 2017:
Amazon to Locate Prime Air Shipping Hub at Northern Kentucky's CVG Airport : Kentucky has been well known as a top logistics center. Recently Gov. Matt Bevin announced that Amazon will build a $1.49 billion shipping hub to serve its Prime Air planes at the Cincinnati/Northern Kentucky International Airport (CVG) in Hebron, producing 2,700 full and part-time jobs. 

Jan. 30, 2017:
Trump Hands Lifeline to Kenya’s U.S. Exports :Sub-Saharan African countries could benefit from President Trump’s decision to withdraw the US from the Trans Pacific Partnership. Through the pre-existing Agoa trade pact, these countries are able to export to the US tax-free. 80% of Kenya’s exports via the agreement are textiles; the industry would have experienced intense competition had the US entered the TPP with countries that also primarily export textiles. This decision opens the opportunity for the US to promote development and stronger economic ties with African countries.

Jan. 25, 2017:
The Northern Kentucky Chamber of Commerce is Key to Regional Growth and Prosperity: Some see NKY as an extension of Cincinnati and Ohio, while others see it as a place as blue as the Bluegrass itself. The truth is both and neither. Navigating which part is which is something the Northern Kentucky Chamber of Commerce has helped business to do for many years. The Chamber itself grew to serve a niche in the region. With so many counties and dozens of small cities, the Chamber became the voice from which Northern Kentucky made its voice heard in Frankfort and Washington.

Jan. 23, 2017:
British Prime Minister Theresa May is Expected at the White House This Week : May has a meeting scheduled with President Trump this Friday in order to discuss a possible bilateral trade agreement. A deal with America would be the first step to constructing May's vision of a "global Britain." It's unclear how the EU will react to a trade agreement between the US and the UK, but May is aiming to construct a myriad of free trade deals independent of the EU.

Jan. 18, 2017
May Sets Out Brexit Vision With Vow to Quit EU Single Market : Prime Minister Theresa May offered her most explicit vision of Britain’s future relationship with its European Union neighbors, pledging to quit the single market and instead seek a customs agreement with the bloc to deliver “a smooth and orderly Brexit.” The pound surged after May’s speech, in which she set out for the first time that her government is determined to make a clean break from the EU and said she would give Parliament a vote on the final Brexit deal. While saying that she wanted the U.K. to be “a good friend and neighbor in every way” to its former partners, she also warned them not to reject the model she was proposing.

Jan. 16, 2017:
WTC-KY Congratulates 2016 KSEF Fellows : "KSEF Fellow" - an honor conferred by the Kentucky Science and Technology Corporation (KSTC), through the Kentucky Science and Engineering Foundation (KSEF). The honor is bestowed to distinguished persons to recognize their significant contributions to the advancement of excellence in science and engineering in Kentucky, thereby helping foster a science and engineering innovation-based entrepreneurial culture in the Commonwealth.

Jan. 11, 2017:
Barr Named Chairman of Financial Services Subcommittee on Monetary Policy and Trade : Congressman Andy Barr (KY-06) has been named the Chairman of the Financial Services Subcommittee on Monetary Policy and Trade for the 115th Congress. Among other issues, the subcommittee is responsible for oversight of the Federal Reserve System, as well as domestic and international monetary policy.

Jan. 9, 2017:
America's Arms Exports Dominate Despite Global Competition : International arms transfer agreements – defined as the "total values of conventional arms orders [made in a given year], which include all categories of weapons and ammunition, military spare parts, military construction, military assistance and training programs and all associated services" – clocked in just shy of $80 billion last year. That's down more than 10 percent from 2014's $89 billion. But more than half of 2015's agreements, 50.3 percent, involved U.S. companies, which is up significantly from America's 40.5 percent market share in 2014.

Jan. 4, 2017:
2017 to be a Big Year for South Asia ports : An exciting region for port development globally, South Asia had a busy 2016 and much more is expected in 2017. Geopolitics is probably the biggest driver of port activity in South Asia, as regional powers invest in facilities to increase influence in the Indian Ocean and develop better access to resources and future markets in Central Asia and the Middle East.

Jan. 2, 2017:
Trump Floats 5 Percent Tariff On All Imports : President-elect Donald Trump and his transition team are considering imposing a 5 percent tariff on all imports into the United States, according to CNN. Trump's representatives are "floating the possibility of an early executive action to impose tariffs on foreign imports, according to multiple sources," according to CNN reporter John King. Trump officials are considering a border adjustment tax measure similar to the one proposed by Rep. Kevin Brady, R-Texas, which would tax certain imports to stimulate U.S. manufacturing. Brady is the chair of House Ways and Means Committee.

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