'From Beijing to Budapest' provides a broad picture of the economic, social and cultural backgrounds of 20 transitional economies in Asia, Central and Eastern Europe and highlights the opportunities for companies wishing to invest in these markets. For more information please go to :
www.pwc.com/growth.
Ireland Food Export Industry Booming
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Ireland's exports to continental Europe are forecast to exceed €2.2 billion this year, and will grow by more than half a billion Euros over the next five years, the Irish Food Board's (
www.bordbia.ie) Chairman announced recently. Angela Kennedy said that the enlarged EU marketplace provides significant new opportunities for food and drink companies. The value of the European retail market alone stands at €800 billion, and Irish food and drink companies have already enjoyed success with meat and dairy products as well as in the branded drinks sector. Kennedy said 'The challenge for the industry now is to build on this success and for the consumer foods sector in particular to extend its reach beyond the UK market, where it has already established strong market positions.' Ireland's dairy industry is already a highly successful exporter : Dairy product exports account for almost 40% of the country's total exports to Germany, amounting to some €390 million.
Scottish Exports Down .... But Up !
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The sale of goods made in Scotland for export overseas has fallen overall, according to new figures. There was a 1% drop in the second quarter of the year and a 2.7% decrease over the year to the end of June. However, Scottish Executive Enterprise Minister Nicol Stephen said although the figures were 'disappointing' they should be considered 'carefully and in context.' Between April and June this year official figures show that electrical and instrument engineering exports fell by 3.6% , chemicals by 8.5% and food and tobacco 12.7%. However, several industries showed growth in export sales in real terms including drinks up 2.3%, metals up 6.5% and mechanical engineering up 4.4%.
Scottish Enterprise at
www.scottish-enterprise.com is a dedicated organisation providing help with importing and exporting.
Vietnam To Become Major Motorbike Exporter
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Vietnam's motorbike industry is to be made a priority, according to information recently announced by the country's Ministry of Industry. According to their figures, under the development target from now till 2010, the motorbike industry needs to meet the demand for domestic consumption of approximately 1.3 million vehicles a year, export of 300,000 vehicles per year and a locally-made engine rate of more than 80%. According to the country's economic experts, with a market of 80 million people and rising demand for using motorbikes, Vietnam remains a huge market for these products.
There are quite a lot of Vietnam trade sites, and we like to suggest good ones when we find them : The Vietnam Trade Catalogue at
www.info.vn has lots of useful contacts (including lots for motorbike producers, importers and exporters!).
Stay Safe From Fraud
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According to Internet security firm VeriSign, the risk of falling victim to fraud increases by over 1,000% when you trade internationally! Some countries are noted for it : Although there are lots of reputable traders in these countries, Nigeria, Romania and Vietnam frequently figure highly in their fraud reports. Don't let that put you off - just take some simple precautions. To help protect yourself when trading the UK's Foreign & Commonwealth Office website at
www.fco.gov.uk gives you a quick insight into fraud risks in any country worldwide.
Ever Heard Of Cape Verde ?
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Not many people have heard of The Republic of Cape Verde, let alone know where it is …. but this nation might be worth keeping an eye on. The Cape Verde islands are a group of 10 islands 1,600km south of the Canaries and 600km west of Senegal in Africa. The country became independent from Portugal in 1975. Cape Verde is still relatively lightly developed but is the fourth most developed African nation and is planning to massively develop its tourist industry with many new developments now underway and a new airport recently opened. Having very few natural resources most goods have to be imported, offering increasing trade opportunities.
Unfortunately there aren't any dedicated trade sites in English yet, but
www.caboverde.com is a good site for information. You can also contact local companies using the Cape Verde Yellow Pages (Páginas Amarelas) at
www.paginasamrelas.cv. Cape Verde is also planning to apply for membership of the EU later this year!
Why Not Trade Oil? Olive Oil That Is !
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Trading in crude oil is a bit too difficult (and volatile) for most traders, but olive oil is a high value and frequently traded commodity worth considering. Each year, over 1,465,000 tons of olive oil are consumed, for culinary and other purposes, with a very strong market in many countries especially in Mediterranean Europe, the Middle East and USA. If you're interested in buying, selling and trading olive oil then The Olive Oil Source at
www.oliveoilsource.com is an excellent, US based site with masses of information on olive oil, the market for olive oil and worldwide contacts for producers.
Make Wadetrade.com Your Next Click
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Remember that our website at
www.wadetrade.com is your point of contact for all the information and further help you need. There are details of all our courses, information on joining our World Trader's Club, lots of useful, free links for import-export and fascinating case histories of what fellow Wade World Traders are up to. Also, you'll find an archive of back issues of Wade Trade News, packed with lots more information and sources. Please drop in and visit us soon .... and let us know what you think.
Best Regards
Mark Hempshell
Editor