Dear Subscriber

A very happy new year and welcome to the January edition of Wade Trade News. There's nothing like the start of a brand new year to start looking for new trading opportunities …. and we've got lots for you here! Read on now for opportunities in Turkey, Shenzhen (China), India, the USA and Greece; help with getting started import-exporting organic products and a wonderful new website to make trading with China simple.

Now's The Time To Talk Turkey
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The news that the European Union (EU) have accepted Turkey's application for membership could be just one more good reason to think about trading with Turkey. Following the country's worst-ever recession in 2001 the economy here grew by 9.8% last year - the third consecutive year of growth and the fastest among the 30 nations of the OECD. Reasons for the growth include a 36% rise in exports to total US$64 billion and a massive upsurge in consumer spending. In addition, inflation fell to 9.35% in 2004 from 125% in 1994 and unemployment fell to 10.3%, according to the State Institute of Statistics (DIE). Financial rating agency Fitch Ratings has also upgraded Turkey's outlook from 'stable' to 'positive'.

Although Turkey is not likely to actually join the EU until 2015-2020 the application is likely to boost the country's economy yet further. Turkish President Ahmet Necdet Sezer and Croatian President Stjepan Mesic recently announced that the two countries are to co-operate in their EU membership bids too.

Shenzhen Shows Almost 100% Export Growth !
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South China's Shenzhen Special Economic Zone recorded a 99.4% growth in export volume during the first ten months of 2005, according to the latest statistics from Shenzhen Customs. From January to October, the city's economy reported an export volume of US$10.63 billion. The majority of exported products were high tech. products and mechanical and electrical products, with a trade volume of US$2.8 billion and US$5.2 billion respectively. Small and medium-sized companies contributed most to the increased export volume while large ones such as Huaiwei and BYD maintained strong and steady growth.
 
Shenzhen is regarded as having a 'private economy', separate from China as a whole, whose economy is also recording massive growth. The People's Daily online at english.peopledaily.com.cn (no www first!) is a great place to keep up to date with all China trade news.

Grow Your Business …. Organically
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Organic food is proving a big hit with consumers in most developed countries. European sales of organic products are estimated to be expanding by around 5% annually, totalling around €12 billion a year. Germany remains the biggest national market overall, worth €3 billion, although the Swiss spend more per head (€100 on average) on organic products than any other nationality. Sales in the UK are worth around €1.5 billion a year.

If you'd like to get started trading in organic food, such as fruit, vegetables and meat, The Organic Industry Portal from Organic Trade Services at www.organicts.com provides masses of information, news, sales, wants and contacts on the organic products industry.

Indian Government Predicts Booming Textile Exports
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The Government of India is expecting strong growth in the Indian textile industry by forecasting that trade will reach US$40 billion by 2010. The Government's Textile Commissioner J.N. Mishra made the forecast recently and also said that over the last four/five months textiles have been booming in India, with the industry growing by 8%. A new high tech. 'weaving park' has recently been opened at Komarapalayam and Mishra said that 3-4 more weaving parks were expected to open in Tamil Nadu in the near future, with 25-30 similar parks being opened nationally within two years.

Two sites to use if you want to trade in Indian textiles include www.indiangarmentexporters.com and www.trade-india.com.

Trading With China Made Even Simpler
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Everybody is always talking about trading with China, but often it's not as easy as it sounds - especially for small companies. But here's a site we've found for you that could change all that! Global Sources Direct at www.globalsourcesdirect.com is a new site that allows anyone to buy small lots of Chinese-made goods at trade prices - and do so easily online. The site offers goods such as iPod accessories, digital camcorders, PC
 
accessories, beauty care products, sporting goods, fashion accessories and more. The range is presently quite limited but expansion is planned. This site could be a great way to get started trading with China if you only need small quantities and have been put off in the past by the red tape and large minimum order quantities often required.

Help From The Bank With A Difference
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Ex-Im Bank is a US Government agency that helps finance the sales of US goods and services worldwide. Over the last 70 years Ex-Im Bank has financed more than US$400 billion of US exports. It provides both guarantees of loans for US exporters and attractive loans to help foreign companies buy imports from the US. What makes Ex-Im Bank different is that it will also lend to customers and to countries where commercial banks won't. The bank is willing to support trade in most products and services (including commodities but excluding military items) which have at least 50% US content. For details of Ex-Im Bank's latest programmes, and details of whether you could qualify for assistance, visit the bank's website at www.exim.gov.

Getting Into Greece
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Greece is one of the world's oldest trading nations. Today it's no longer at the epicentre of international trade but it's still a very significant market. Greece imports over US$35 billion of goods annually. (It also happens to have one of the world's largest merchant shipping fleets too.) If you're interested in doing business with Greece then these two sites are worth a look : The Hellenic (Greek) Foreign Trade Board offers information about Greek industries and investment in Greece at www.hepo.gr (English version available), while www.hellasob.com is a trade portal good for hunting down contacts in Greece.

Do Business 24/7 With Wadetrade.com
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It may be very early in the new year, but it's never too early to get started looking for more import-export deals. And you can do just that anytime, anywhere - by going to our website at www.wadetrade.com. There you can find details of all our courses,
 
information on joining our World Trader's Club, lots of useful, free links for import-export, case histories showing what fellow Wade World Traders are up to and an archive of back issues of this bulletin.

Best Regards

Mark Hempshell
Editor