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