February 26, 2007

FEATURED STORY

WTCGP Opens Its Doors in Philadelphia

Last week, when the whole Northeast was dealing with the aftermath of the first major ice storm of 2007, the WTCGP staff was coping with two major projects of their own: preparing for the Fourth Annual Global Business Outlook Conference "Global Realities of Outsourcing and Offshoring" and putting the last touches on our relocation to Philadelphia. We are really enjoying center city, setting up our systems, organizing our files, adjusting to the new train schedules and discovering lunch alcoves in Center City. We are fully operational and maintaining our consulting and trade assistance services.

Our new address is:

World Trade Center of Greater Philadelphia

Two Penn Center, Suite 305

1500 John F. Kennedy Boulevard, Philadelphia, PA 19102

Tel: 215-586-4240;  Fax: 215-636-9026;   Web: www.wtcphila.org

The new home of the WTCGP is located in the heart of our client base, sponsors, and the community of academic and international organizations with whom we actively collaborate. We look forward to continue to providing easy access to our services and our educational events for companies in the Greater Philadelphia area. And, as always, our trade specialists will continue to call on companies in Southeastern Pennsylvania and Southern New Jersey. Click here, to see the updated contact information for the WTCGP staff.

IN THIS ISSUE

2007 Update on Outsourcing and Offshoring

Even winter’s first real storm, accompanied by subfreezing temperatures, didn’t scare away attendees of the WTCGP’s Fourth Annual Global Business Outlook Conference “Global Realities of Outsourcing and Offshoring” held on February 15, 2007. As the first to address the audience, Andrew Cassel, Columnist with The Philadelphia Inquirer, set the context for subsequent speakers when he reported that the massive outflow of jobs that many feared has not come to pass since offshoring peaked as a hot-button issue a few years ago. In fact, according to Cassel, most economists who have looked at the issue believe that using overseas workers to save money or boost productivity generally results in better and/or cheaper services, which in turn leads to more competition, more innovation, and growth.

See full article and more pictures.

Join the WTCGP in Greece and Cyprus This June

The WTCGP is announcing a new series of discovery missions to introduce you to new international markets for your business. The first, “Discovering Business in Greece and Cyprus,” will take place from June 23 to July 1, 2007. You will have an opportunity to mix business with pleasure as you participate in a variety of professional business meetings offering an overview of the political, economic and business environments. In addition, you will be able to experience the rich cultural heritage and lifestyle of its inhabitants through city tours, educational programs and local events. Should you wish to meet with potential business partners in-country, one-on-one meetings can be arranged as well.

See full article.

World Trade Centers Day Dinner - June 7, 2007

World Trade Centers Day, Thursday, June 7 at the Union League of Philadelphia, is our most important annual program celebrating the WTC Associations’ efforts to create peace and prosperity through trade. We take this opportunity to honor a regional leader in international business. This year we will recognize Douglas R. Conant, President and CEO of Campbell Soup Company, for creating an exemplary marketing strategy and committing necessary resources to international operations in both emerging and established markets. In addition, the WTCGP Business Members of the Year for PA and NJ are also recognized. These companies have experienced increased profitability by exporting to international markets with the assistance of the WTCGP services.

U.S. Foreign Trade Update – Spotlight on Pennsylvania

The U.S. exports of goods reached $1,037.3 billion in 2006, but due to imports of $1,855.4 billion, the deficit increased to $818.1 billion. Exports from Pennsylvania accounted for 2.5% of total U.S. exports, making it the tenth largest exporting state in 2006 (down one point from the 9th rank in the previous year).

See full article.

HTS 2007 Took Effect on February 3, 2007

On December 8, 2006, we reported about the updated Harmonized Tariff Schedule (HTS), which included amendments and modifications to the export codes (Schedule B) administered by the U.S. Census Bureau, and the import codes, administered by the U.S. International Trade Commission (USITC). The new HTS went into effect on February 3, 2007. The on-line electronic version can be accessed on the website of the United States International Trade Commission: http://www.usitc.gov/tata/hts/.

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Upcoming Events

February 25 - March 3, 2007

WTCGP Trade Mission to Argentina, Uruguay and Colombia

March 15, 2007

Latin America Economic and Business Outlook. Does Latin America really mean business?

March 29, 2007

Visit of PA Authorized Trade Representative from India

More Events...

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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

Pennoni Associates Inc.

 

Board of Directors

Meet our Board of Directors...

Meet Our New Members

Small Business

AmeriClic, LLC.

Dovas Law, P.C.

Student

Chris D. Christopher

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/