WADE TRADE NEWS
Volume 5, Issue 8 : August 2006

Dear Subscriber

Welcome to the August edition of Wade Trade News - Wade World Trade's own free bulletin bringing you news and opportunities in international trade that can make you money. Read on now for information and hot links for trading with the Philippines, Japan, California, Singapore, Ethiopia  - and sites to help you deal with international taxes and find those all-important trade fairs.

More Export Opportunities From The Philippines ?
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The Philippines government has removed the fees charged to exporters - to help the sector achieve its 15% growth target for the year. Finance Secretary Margarito B. Teves said that he and Secretary Peter Favila of the Department of Trade and Industry have agreed to waive the fees and an Executive Order abolishing them will be signed soon. Teves said 'Doing away with these fees will have a minimal impact on government revenues, but we believe this could be a big help to exporters (by cutting their costs).' He added 'In addition, all government agencies concerned will be required to further streamline their export documentation to help our entrepreneurs, whom we consider the lifeblood of our economy.' Philippines exporters are expecting higher dollar receipts this year - of at least US$50 billion - due to the strong mid-year performance of the electronics, consumer durables and garment exports sectors.

The Manila Bulletin Online at www.mb.com.ph is good for information on the Philippines.

Japan Economy Stays On Recovery Track
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The Ministry of Finance, summing up economic assessment reports from its local bureau chiefs, has concluded that the Japanese economy remains on a recovery track. For the last quarter, all eleven of Japan's local finance bureaux reported a recovery trend for the third straight quarter. The ministry kept unchanged its assessment that Japan's economy as a whole is staging a mild recovery for the ninth straight quarter. The economy is expected to continue to show growth, amid growing demand for electronics parts for automobiles and information technology-related equipment, ministry officials said. They also said that particularly promising exports included flat panel TV's and 'minivehicles' with engine sizes of up to 660cc.

Your first contact point when looking to trade with Japan should be JETRO (Japan External Trade Organisation) at www.jetro.go.jp. Good Japan trading links aren't easy to find (especially given the language differences) but here's an interesting and potentially useful site we found : Japan Trade Directory at www.weis.or.jp.

California …. Think Of It As A Country
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California is, of course, a state within the United States. But it's such a big and economically important state that, in trading terms, it's sensible to think of it as a country. California is the USA's most populated state, has the largest labour force and the largest Gross Domestic Product (GDP). It has more high tech. industries than any other state and is the second largest producer of exported goods. If California was an independent country it would be the eighth largest economy in the world!

If you're interested in trading with California then visit TradePort at www.tradeport.org. TradePort is a repository of free information and resources for businesses wishing to do business in California. It provides extensive information, contacts and resources for online learning, collaboration and web conferencing to assist California businesses and their global partners with trade initiatives.

Don't Let International Tax Stop You Trading
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Tax is a headache in just about every country! But there's no need to stop a lack of information on the tax situation make you miss out on promising trading opportunities. It's often been difficult to find this information before - but here's a useful site to help you do just this : International Tax Laws By Country at www.law-library.info/page/tax-international.htm. This site provides hundreds of links to sites on tax for most of the world's major countries. There are sites explaining tax policy, regulations, various types of taxes, instructions, advice and tax software and much more. Well worth a visit to solve all your trading tax worries.

Singing The Praises Of Singapore !
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Singapore might only be a small country in size terms, but it's a major trading centre for the whole south east Asia region. Singapore's unique advantages of strategic location, stable government, competitive workforce and pro-business environment make it the ideal launch pad for globalisation. It's very well geared up to deal with importers and exporters and there are lots of contacts and companies there waiting to trade. International Enterprise Singapore (IE Singapore) is an agency of the Ministry of Trade and Industry (formerly known as the Singapore Trade Development Board) which spearheads Singapore's efforts to develop its external economic wing. It offers a wide range of services in over 35 locations worldwide, provides market information and assists enterprises to develop their business capabilities and find trading partners.

IE Singapore have a great site (in English as well as Chinese) at www.iesingapore.com. The Singapore Chinese Chamber of Commerce has a useful site at www.sccci.org.sg, which lists useful trade contacts. You can also find the SINGOV official government Information site at www.gov.sg.

Find More Trade Contacts Using A Trade Fair

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Visiting a trade fair can be a very good way to find new trade leads - and the UK is a world leader in terms of the number and quality of trade fairs it offers. You can find them easily using this site: Trade Fairs & Exhibitions UK at www.exhibitions.co.uk. Here you can search the site by type of event, date, organiser or venue and find details of all trade events right through into 2007. Information is available in Arabic, Chinese, Czech, Dutch, French, German, Greek, Hindi, Italian, Japanese, Portuguese, Russian, Spanish, Swedish, Urdu and Welsh as well as English. Better still, it doesn't matter if you're not planning to travel to the UK as most of the trade fair listings have useful trade leads, contacts and website links where you can get more information or even do business.

Ethiopia Planning To Become Major Leather Exporter
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Ethiopia could become a major source of leather for export. The First International Leather and Leather Products Trade Fair and Bazaar was held at the Addis Ababa Exhibition Centre recently. Some 64 local and international companies engaged in leather processing and leather products manufacturing participated in the event.

At the fair, Trade and Industry State Minister Tadesse Haile said that the government attached great importance to the development of the leather sector. He said that Ethiopia has 40.9 million head of cattle, 25.5 million sheep and 23.5 million goats, and added 'This immense livestock resource is a sound foundation for the development of the leather industry.' The State Minister also revealed that, thanks to trade development efforts, Ethiopia had achieved double digit economic growth and over 20% export growth in the last three years, assisting greatly towards the country's target of ending poverty by 2015.
 
Good information on Africa is usually hard to come by - but All Africa at www.allafrica.com is great for keeping up to date on opportunities. Also, follow this link for good background info. on Ethiopia: www.cia.gov/cia/publications/factbook/geos/et.html.

Take The Next Step …. Visit Wadetrade.com
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We really do hope you find this free monthly bulletin useful - but don't forget that the trade leads you receive here are just a very, very small selection of what Wade World Trade can do for you. Our products and services include professional self-study courses, manuals, advice, information, online resources and worldwide trade and business contacts - more or less everything you need to start up or expand your import-export business. To find out more, visit us at our website at www.wadetrade.com - we're open 24/7.

Best Regards

Mark Hempshell
Editor