February 1, 2007

FEATURED STORY

WTCGP Focuses on Outsourcing & Offshoring

What is outsourcing and offshoring? What impact do they have on the U.S. economy? How does the world’s growing economic interdependence affect U.S. manufacturers and service providers? How can your company leverage these opportunities to grow your business? These are just a few of the questions that a unique panel of experts will answer at the WTCGP Fourth Annual Global Business Outlook Conference “Global Realities of Outsourcing and Offshoring” to be held on February 15, 2007 at Drexel University’s LeBow College of Business.

The WTCGP and LeBow College of Business would like to thank this year's sponsors: UPS (Gold Sponsor); Morgan, Lewis & Bockius LLP (Breakfast & Break Sponsor); Philadelphia Business Journal; U.S. Department of Commerce’s Economic Development Administration (EDA); WTCGP CEO China Operations Club.

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IN THIS ISSUE

LeBow Joins WTCGP Leadership Council

We are proud to announce that Drexel University’s LeBow College of Business has become a Leadership Member of the World Trade Center of Greater Philadelphia and will assist in developing and sponsoring programs that build the knowledge base for the practice of international business for their students as well as for the business community in the region.

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January 2007 WTCGP Events at a Glance

WTCGP Quarterly Briefing "Business Travel Safety & Security"
on January 11, 2007.

The WTCGP kicked off 2007 with a strong program of three exciting & informative events: WTCGP Quarterly Briefing "Business Travel Safety and Security" (January 11); South America Market Briefing (January 19), and Smart Business Series “Doing Business Globally” (January 25). Close to 100 representatives of local companies learned about diverse issues of international business.

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Reciprocity: a Practical Approach to International Trade Cooperation

The golden rule of reciprocity is rather simple “treat others as you would like to be treated” this could be construed as the ethical or moral definition of reciprocity. Yet, when we speak about reciprocity in international trade and international relations; one must be inclined to understand that reciprocity is defined as a mode of exchange in which transactions take place. In our case, the World Trade Center of Greater Philadelphia, World Trade Center Bogota and World Trade Center Montevideo are exchanging services as partners.

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WTCGP Welcomes the First Intern of 2007!

We are please to welcome our first intern of 2007 to the World Trade Center of Greater Philadelphia team! Ayla Brooks from Rowan University, who joined WTCGP in January, will be assisting us with market research, event  coordination and membership administration.

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U.S. Foreign Trade Update

The U.S. international trade deficit decreased to $58.2 billion in November 2006 from $58.8 billion reported in the previous month. Goods deficit declined to $64.7 billion, while services surplus reached $6.5 billion. Total U.S. exports of good and services increased by $1.1 billion to $124.8 billion, whereas imports went up by $0.5 billion, reaching $183 billion. With regard to the total year-to-year U.S. foreign trade, the top15 trading partners accounted for 73.5% of total U.S. foreign trade during January - November 2006. The greatest trade surplus was recorded with the Netherlands ($12.5 billion), the United Arab Emirates ($9.6 billion), Australia ($8.8 billion); Hong Kong ($8.7 billion), and Belgium ($5.9 billion). Top five countries with which U.S. had the largest trade deficit were: China ($213.5 billion); Japan ($81.0 billion); Canada ($67.6 billion); Mexico ($59.1 billion), and the Federal Republic of Germany ($43.6 billion).

Source: FTDWebMaster, Foreign Trade Division, U.S. Census Bureau.

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Upcoming Events

February 8, 2007

Visit of PA Authorized Trade Representative from Taiwan

February 15, 2007 - Register Now!

Fourth Annual Global Business Outlook Conference "Global Realities of Outsourcing and Offshoring"

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Leadership Council

Delaware River Port Authority

 

Economic Development Administration (EDA)

 

LeBow College of Business, Drexel University

 

PA Department of Community and Economic Development

 

Philadelphia Industrial Development Corporation

Ambassador Members

PECO Energy

 

Pennoni Associates Inc.

Board of Directors

Meet our Board of Directors...

Meet Our New Members

Leadership

LeBow College of Business, Drexel University

Corporate

Continental Airlines

Morgan, Lewis, & Bockius LLP

XTL, Inc.

Small Business

Eleni's Tours

H2L2 Architects/Planners, LLC

Korman Communities

The Marketing Difference LLC

Student

Ayla Brooks

Elizabeth Salsbury

Mission Statement

The World Trade Center of Greater Philadelphia provides a world-class portfolio of services that enhances international trade growth and leads the Greater Philadelphia region to economic prosperity.

 

Contact Us

World Trade Center of Greater Philadelphia, Inc. • One Port Center, 2 Riverside Drive, P.O.Box 1949, Camden, NJ 08101-1949
Phone: 856.968.2057 Fax: 856.968.2056     info@wtcphila.org     http://www.wtcphila.org/