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  • 27 May 2016 10:31 AM | Anonymous

    Two Colorado companies announce as winners of the 46th Annual Governor's Excellence in Exporting Award  

    On May 19th, 2016, Colorado companies TEI Rock Drills and Ice-O-Matic were announced as the two winner of the 46th Annual Governor's Excellence in Exporting. This award recognizes Colorado companies that have contributed to the state's economic growth through international trade. Exporting currently brings approximately $20 billion in commodity and service exports into Colorado.

    Both companies was awarded by Fiona Arnold, executive director of the Colorado Office of Economic Development and International Trade (OEDIT) during the 43rd. Annual Conference "World Trade Day 2016. This year's theme was "Exploring Your Trans-Pacific Partners". The Trans-Pacific Partnership (TPP) is an agreement that proposes free trade between the US and 11 other key trading partners bordering the Pacific Ocean. This plan still needs to be ratified by each country's congress which includes: the removal of tariffs, harmonized standards, labor and environmental alignment and a dispute resolution mechanism.

    TEI Rock Drills was established in 1980, and currently exports 45% of their products to every continent except Antarctica. TEI is the international leader in the design and manufacture of drilling attachments, limited access drills and drill rig components. TEI manufactures many patented features into their limited access rigs and drilling attachments. Each of their unique items is available individually to the contractor and equipment manufacturer. All 46 employees work at their headquarters in Montrose.

    Ice-O-Matic is headquartered in Denver and has 210 employees worldwide. The company is one of the world's leading manufacturers of commercial ice making equipment. In the last six years, Ice-O-Matic has more than doubled in size and their export sales have been the fastest growing segment of their business. Their exports now represent more than 25% of company sales. In 2010, Ice-O-Matic export sales totaled $10.6 million; in 2015, they exported more than $25 million worth of machines to 55 different countries.

  • 30 Mar 2016 3:37 PM | Anonymous

    Please click at the link below for full story by Frederic W. Smith

    How Trade Made America Great - WSJ.pdf

  • 15 Mar 2016 3:19 PM | Anonymous
    On Tuesday March 15, 2016 The U.S. Secretary of Commerce Penny Pritzker announced that the Department's International Trade Administration updated its Free Trade Agreement Tariff Tool (FTA Tariff Tool) to include the latest information on tariffs on U.S. products exported to Trans-Pacific Partnership (TPP) partner markets. When enforced, the TPP will eliminate more than 18,000 foreign import taxes that various countries place on Made-In-America exports. To read more click here
  • 05 Nov 2015 9:34 AM | Deleted user
    Please click here to see the full negotiated text of the Trans-Pacific Partnership agreement.

  • 15 Oct 2015 3:25 PM | Deleted user

    The following article comes from Colorado Public Radio:

    Attention Colorado gear heads: That backpack you've been eyeing might soon get a little cheaper.

    We repeat: might.

    Some outdoor gear companies based in Colorado say the new, 12-nation trade deal struck earlier this month could lead to millions in savings that could be passed to retailers and consumers -- and could bolster their bottom lines too.

    Thing is, they don't know that yet for sure. Terms of the Trans-Pacific Partnership are secret, as they have been for the five years its been negotiated between Asian and American countries. The Boulder-based Outdoor Industry Association has been advocating for apparel and gear makers in its discussions with U.S. negotiators for years.

    Fifty-five such companies are based in Colorado, including Big Agnes, Lowe Alpine and Osprey. A 2012 OIA report says the state's overall outdoor recreation industry, from ski resorts to REI locations to campgrounds, is responsible for 125,000 jobs, $4.2 billion in wages and salaries, and $994 million in state and local tax revenue.

    But the OIA doesn't have access to what's on the table, meaning they place a lot of trust in negotiators. Alex Boian, the OIA's senior director of government affairs, said his organization has pushed for duty relief on imports and protections on domestically made products. He's confident the TPP will be beneficial.

    “In general, the overwhelming response of the industry has been positive," Boian said.

    And there's good reason for that, especially among apparel and pack makers. Much of the industry shifted production to Asian countries in the last 20 years to cut costs and ramp up production.

    Osprey Takes Flight

    Osprey Packs, which has called Cortez, Colorado home since 1987, moved its manufacturing to southeast Asia in 2003. CEO Tom Barney said the move allowed them to grow into an industry leader that still has a large presence in southwest Colorado.

    He's hopeful the TPP will reduce the 17 percent duty his company pays on every pack it imports from its contracted factories in Vietnam.

    "For every $10 of factory cost there’s an additional $1.70 added on that’s paid to the government," Barney said. "I can tell you that that is many, many millions of dollars over the years."

    The OIA says duties on outdoor products average 14 percent or higher, with some reaching 40 percent.

    Barney couldn't say where exactly such savings would go just yet, but said they could trickle down to retailers and consumers.

    Boutique Outfit Doubles Down On Local

    While companies with operations overseas stand to gain, smaller outfits seem more apathetic to the deal. One of those is Voormi, an outerwear maker in the southern Colorado city of Pagosa Springs that employs 10 people.

    Chief marking officer Timm Smith said the industry's focus on growth has led big companies to move production overseas and abandon the small towns they once anchored. Chaco left Paonia in 2009, for example.

    “We know we could’ve gone and done that," Smith said. “We made a commitment that as we grow as a company, each progressive horizon, we re-invest back into more localized manufacturing.”

    Since it started in 2010, Voormi has built a network of rural manufacturers around the country. Wool is harvested in the Rocky Mountain region. Then it's cleaned and spun into yarn on the East Coast. Finally, it's cut and sewn in facilities in Pagosa Springs, Rifle, the Front Range and the West Coast. In addition to supporting local economies that otherwise depend on tourism dollars, Smith said it makes for good business too.

    “We can keep a keen eye on what’s selling, what’s working, and what’s not," he said, adding that he hopes bigger players imitate their model. “We’re the microbrew of apparel, hoping to become the regional craft brew of apparel.”

    But will the next generation of backpackers, kayakers and skiiers continue to pay a premium for a such a product? Much like the terms of the TPP, we'll have to wait to find out.

    - See more at:

  • 08 Oct 2015 10:18 AM | Deleted user

    This information comes from the Office of the U.S. Trade Representative website.

    On October 4, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries – Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam – announced conclusion of their negotiations. The result is a high-standard, ambitious, comprehensive, and balanced agreement that will promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countries; and promote transparency, good governance, and enhanced labor and environmental protections. We envision conclusion of this agreement, with its new and high standards for trade and investment in the Asia Pacific, as an important step toward our ultimate goal of open trade and regional integration across the region.


    Five defining features make the Trans-Pacific Partnership a landmark 21st-century agreement, setting a new standard for global trade while taking up next-generation issues. These features include:

    • Comprehensive market access. The TPP eliminates or reduces tariff and non-tariff barriers across substantially all trade in goods and services and covers the full spectrum of trade, including goods and services trade and investment, so as to create new opportunities and benefits for our businesses, workers, and consumers.

    • Regional approach to commitments. The TPP facilitates the development of production and supply chains, and seamless trade, enhancing efficiency and supporting our goal of creating and supporting jobs, raising living standards, enhancing conservation efforts, and facilitating cross-border integration, as well as opening domestic markets.

    • Addressing new trade challenges. The TPP promotes innovation, productivity, and competitiveness by addressing new issues, including the development of the digital economy, and the role of state-owned enterprises in the global economy.

    • Inclusive trade. The TPP includes new elements that seek to ensure that economies at all levels of development and businesses of all sizes can benefit from trade. It includes commitments to help small- and medium-sized businesses understand the Agreement, take advantage of its opportunities, and bring their unique challenges to the attention of the TPP governments. It also includes specific commitments on development and trade capacity building, to ensure that all Parties are able to meet the commitments in the Agreement and take full advantage of its benefits.

    • Platform for regional integration. The TPP is intended as a platform for regional economic integration and designed to include additional economies across the Asia-Pacific region.   


    The TPP includes 30 chapters covering trade and trade-related issues, beginning with trade in goods and continuing through customs and trade facilitation; sanitary and phytosanitary measures; technical barriers to trade; trade remedies; investment; services; electronic commerce; government procurement; intellectual property; labour; environment; ‘horizontal’ chapters meant to ensure that TPP fulfils its potential for development, competitiveness, and inclusiveness; dispute settlement, exceptions, and institutional provisions.

    In addition to updating traditional approaches to issues covered by previous free trade agreements (FTAs), the TPP incorporates new and emerging trade issues and cross-cutting issues. These include issues related to the Internet and the digital economy, the participation of state-owned enterprises in international trade and investment, the ability of small businesses to take advantage of trade agreements, and other topics.

    TPP unites a diverse group of countries – diverse by geography, language and history, size, and levels of development. All TPP countries recognize that diversity is a unique asset, but also one which requires close cooperation, capacity-building for the lesser-developed TPP countries, and in some cases special transitional periods and mechanisms which offer some TPP partners additional time, where warranted, to develop capacity to implement new obligations.

    Follow this link to see a summary of all 30 chapters in the agreement.

  • 08 Oct 2015 10:07 AM | Deleted user

    This article originally appeared in the Washington Post

    October 6

    The benefits of signing up for the biggest trade deal in history may take a while to materialize in the three Latin American countries that agreed Monday to the 12-nation Trans-Pacific Partnership (TPP).

    Chile, Peru and Mexico already have free-trade deals in place with the United States. And their leaders are among Latin America's weakest and least popular, which does not bode well for TPP's swift and easy approval in their respective legislatures.

    "These countries had a tough time getting their respective trade deals passed at home, and will face stiff difficulties again as they have had to sign on to deeper rules for intellectual property, pharmaceuticals and finance," said Kevin Gallagher, a Latin America trade expert at Boston University's Frederick S. Pardee School of Global Studies.

    As a matter of symbolism, though, the TPP signing matters for another reason: It solidifies the emerging ideological split in a region where the old left vs. right divide has grown more and more meaningless.

    A generation ago, as much of Latin America emerged from Cold War-era military autocracies, the region was split between conservatives who pushed the privatization of infrastructure and services, and leftists who demanded a bigger state role in alleviating poverty. That debate is now pretty much a dead one.

    With the exception of a few smaller states like Honduras and Paraguay, Latin America no longer has any governments that identify as conservative or right-wing. Left-leaning candidates and centrists have won elections again and again with populist social welfare programs and nationalist messages.

    A far more significant difference is how Latin American countries view their place in the global economy and their relationship to the United States. Several nations in the region, especially Venezuela, Cuba, Ecuador and Bolivia, continue to blast the United States as a meddling imperial bully while courting China as their preferred commodity market and creditor.

    The TPP nations -- Chile, Peru and Mexico -- are three pillars of the region's other bloc, where debates about free trade vs. protectionism have largely been settled, and relations with the United States are viewed more as an opportunity than a threat.

    This division could grow sharper in the next few years, if the TPP nations economically outperform others in the region who have edged closer to China.

    With global commodity prices in a rut, Latin American governments on both sides of the split are facing a new period of austerity and potential instability.

    "The TPP could open up new markets for these three Latin American countries and help alleviate the impact of the slowdown in the Chinese economy," said Michael Shifter, president of Inter-American Dialogue, a Washington, D.C., think tank. "It is hardly a silver bullet that will offset the deceleration, but could give the economies a slight boost over the medium and long term."

    Other countries in South America will be watching Chile and Peru closely to gauge the trade agreement's economic impact and political challenges. Colombia, which has a free trade agreement with the United States, is also looking to join TPP as it opens up to new members, and other nations could also sign on later, according to Shannon K. O'Neil, a Latin America scholar at the Council on Foreign Relations.

    "Embracing the TPP means that you’re betting your economic growth will come from exports, imports, and exposure to the rest of the world in ways that some of these other countries — which have chosen more protected, state-led industrial policies — have not at least yet decided to do," she wrote.

    "The question is, once the TPP is in effect, would those countries down the road want to join? They could later if their populations and governments felt it would be beneficial."

    Nick Miroff is a Latin America correspondent for The Post, roaming from the U.S.-Mexico borderlands to South America’s southern cone. He has been a staff writer since 2006.

    To view the original article, click here.

  • 08 Oct 2015 9:57 AM | Deleted user

    This article originally appeared in The Economist

    October 5, 2015

    AFTER more than five years of negotiations, representatives from 12 countries in Asia and the Americas finally struck a deal today on the Trans-Pacific Partnership, an ambitious and contentious free-trade pact. It is the biggest and deepest multilateral trade deal in years, encompassing countries that account for 40% of the world’s economy. But it might prove even more important than that if it succeeds in its ambition to “define the rules of the road” for trade in Asia, as Michael Froman, America’s lead negotiator, put it.

    Mr Froman’s office estimates that TPP will see more than 18,000 tariffs on American products reduced to zero. But tariffs, which have already been greatly reduced among TPP’s members, are not the most touted bit of the treaty. More important are the minimum standards for the protection of intellectual property, workers and the environment. All parties will be compelled to follow the International Labour Organisation’s basic principles on workers’ rights, for example. By the same token, countries that do not live up to the deal’s environmental rules can be pursued through the same dispute-settlement mechanism that will be used to adjudicate commercial grievances. There are even rules barring countries from favouring state-owned enterprises—a big step for the likes of Malaysia and Vietnam.

    Two leaders will be particularly pleased to see a deal done. For Barack Obama, TPP represents the first (and possibly only) lasting evidence of his administration’s “pivot” towards Asia. It shows America’s continued commitment to the region, and its unwillingness to cede primacy to China. China’s success in recruiting American allies as founding members of its Asian Infrastructure Investment Bank earlier this year seems to have prompted America to redouble its efforts to square TPP away.

    Shinzo Abe, Japan’s prime minister, sees in TPP a chance to help the “third arrow” of his plan for economic revitalisation hit its mark. Big interest groups such as Japan’s farmers will no longer be quite so cosseted. Meanwhile, Mr Abe hopes that the promise of greater market access for Japanese exporters, at a time when the yen is relatively weak, will generate faster economic growth. In particular, TPP should boost trade between America and Japan—something to celebrate, since the pair are the world’s biggest and third-biggest economies.

    The stakes are lower for a group of other rich members—Australia, Canada, New Zealand—each of which nonetheless fought to extract concessions from America. Australia succeeded in trimming the period of protection from generic imitators that America demanded for biologic drugs from 12 years to eight; Canada preserved its quota system for various agricultural products, allowing only limited duty-free imports; New Zealand won greater access for its dairy exports.

    The full implications of the deal are not yet known, however, since TPP has been negotiated under a thick blanket of secrecy. This was intended to make it easier for the signatories to offer concessions without being pilloried at home. But it has stoked the anxieties of industry groups on both sides of the Pacific. It will be weeks before the agreement’s 30 chapters are translated and published in full.

    Moreover, lawmakers in the 12 participating countries must now approve the agreement. This should be straightforward in places like Japan, where the ruling party has a commanding majority. But Canada faces a knife-edge election on 19th October. One of the three main parties is campaigning against TPP, arguing that it will kill farm jobs.

    The biggest row will be in America, where Congress has 90 days to review the deal before putting it to an up-or-down vote, with no amendments. Although Republicans, traditionally the party of free trade, have a majority in both houses of Congress, they are divided on TPP’s merits. Donald Trump, a candidate for the Republican presidential nomination next year, has described it as “an attack on America’s business”. Hillary Clinton, the leading Democratic presidential contender, has also refused to endorse the deal, albeit not quite so flamboyantly.

    Such opposition is ill-advised. The slowing of the Chinese economy and a tepid global recovery from the financial crisis have led to a long-term slowdown in world trade. Indeed by some measures, trade is actually declining. This is worrying because trade remains the most reliable way for poor countries to become richer. TPP would undoubtedly help spur it, especially for the poorer members of the club. Moreover, TPP’s members claim that they are open to other countries joining the deal. That holds out the prospect of TPP not only freeing trade, but also of instituting a more predictable, rules- based business environment, even in places currently excluded from the deal. Its biggest failing—that it does not include China—could evaporate, if TPP’s members have the courage to push on.

    To view the original article click here.

  • 03 Sep 2015 10:35 AM | Deleted user

    The Export Grant is a financial assistance program administered by the Colorado Office of Economic Development and International Trade (OEDIT). The program is funded by the Minority Business Office in partnership with the Colorado Small Business Development Center, the Rocky Mountain World Trade Center Institute, and the Office of International Trade at OEDIT.  The grant and training provide an educational pathway and equip small and medium-sized Minority and Women-Owned Colorado businesses to develop a strategic plan for export markets.

    • Grants under the Export Grant, will be capped at $10,000 per business to cover costs associated with export projects, activities, or services undertaken during the period July 1, 2015 – June 20, 2016.
    • Approved applicants are required to attend the Leading Edge for International Opportunities class curriculum. The ten-session course provides practical training for small businesses on all aspects of international trade. The course is available in-person or via recorded webinar and will instruct attendees on the nuts and bolts of international trade and business transactions. Completion of the course will provide participant businesses with certification to the NASBITE Certified Global Business Professional (CGBP) as part of the grant and World Trade Center of Denver annual membership and WTC Annual Meeting on Sept. 22, 2015. The value to attendees for the classes, WTC membership, and NASBITE certification will be covered by the Colorado SBDC.
    • The Office of International Trade is aiding in the selection of grant awardees as well as providing subsequent local and international consulting to the recipients of the grant.
    • Each grant recipient will receive the amount determined by OEDIT. Proof of expenditures will be required to be submitted to the Minority Business Office (i.e. proof of payment, receipts, and bank/credit card statements).
    • A mid-year progress report and a final report will need to be filed with the Minority Business Office through the grant cycle.
    • Grant applications will be accepted through October 1, 2015. Late acceptance will be approved based on individual exceptions.

    Eligibility Requirements

    • Company employees less than 100 employees globally
    • Company is headquartered in Colorado or at least 50% of its employees are based in Colorado
    • Company is registered and in good standing with the Colorado Secretary of State
    • Company ownership is 51% minority or women-owned, who have primary responsibility for managing day-to-day operations

    Apply for this grant by clicking here.

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