Upcoming Events

U.S.-China Trade & Business Development Conference

April 4-5, 2006 at the Holiday Inn Turf

Attendees: Approximately 120 Chinese businesses, representing various industries, and 50 government officials in foreign trade and business development from economically advanced provinces and areas in China are scheduled to attend.

Participation fee: $119 per person; when you register more than one person from your company the fee is reduced to $99.

For more information, registration and sponsorship opportunities please click here.

CRWTC News

Schenectady County announces CRWTC takeover

On February 15th, Schenectady County announced Capital District Trade Strategies, Inc.'s (CDTS) management takeover of the Capital Region World Trade Center (CRWTC).

According to the announcement, CRWTC will move from Schenectady County Community College to Rotterdam Industrial Park before the end of August. CDTS is also the new operator of the local Foreign Trade Zone located in the same industrial park.

The World Trade Center license remains in the hands of Schenectady County. CDTS has the option to purchase the license from the county for $250,000 plus a $133,000 license transfer fee.

Capital District Trade Strategies, Inc. is a fully owned subsidiary of Seaboard Trade Centers, Inc. of Franklin Lakes, N.J.

CRWTC hosts Indonesian Consulate Dinner at Yono's

CRWTC held its February event at the Hampton Inn in downtown Albany. The educational and networking event on Indonesia hosted several distinguished guests, including Mr. Harbangan Napitupulu, Acting Consul General of the Republic of Indonesia (see picture), Mr. Nana Supriana, Head of Representative, Bank of Indonesia in New York and Wayne Forrest, President of American-Indonesian Chamber of Commerce.

CRWTC Trade Specialist speaks at WTCA meeting

CRWTC International Trade Specialist Ferenc Veres (see right) presented on "Inexpensive and Effective Newsletters" at the World Trade Centers Association's North American Regional Meeting in Tacoma, WA on February 04, 2006. The session also included a panel discussion with Mark Condon, executive director of South Carolina World Trade Center.

Capital Region News

One CRWTC Member was among this year's 40 Under Forty leadership list selected by The Business Review. We would like to congratulate to David Klein, MSE Power Systems Inc. and extend our applaud to all the winners for representing great leadership in the Capital Region.

Winners will be celebrated at the 40 Under Forty luncheon on Thursday, May 4, 2006 at the Crowne Plaza Hotel in Albany.

Member News

“America’s Most Admired” Company

On February 21st, United Parcel Service (UPS) was rated “America’s Most Admired” company in its industry in an annual survey conducted by FORTUNE magazine. The company also ranked in the Top 10 across all of corporate America in seven of the eight criteria used by the magazine to rank companies, including a No. 1 ranking for social responsibility for the third straight year.

In the FORTUNE rankings for the Delivery Industry, UPS was rated No. 1 with a composite score of 8.54 on a 10-point scale, almost six-tenths of a point ahead of its nearest competitor. UPS has been ranked No. 1 in its industry for 22 of the last 23 years.

New York News

Updated State Export Data Released

The U.S. Census Bureau's Foreign Trade Division has released the 2005 updated state export data.

According to the data, New York's export increased by 13.7% from 2004 to 2005. The top 25 commodities grew by 25.3% during the same period.

The top five 6-digit HS Commodities Based on 2005 Dollar Value (millions of dollars):

Ship Write

Debated port deal still on hold

The much-debated port deal that affects five major East Coast ports was put on hold after critics and lawmakers raised security concerns. Under the planned agreement, P&O, a British company would be acquired by United Arab Emirates-based Dubai Ports World (DP World) for $6.85 billion.

As of February 27th, the deal is under a 45-day review and investigation.

According to the plan, DP World -owned by the emirate of Dubai- would not be in charge of port security. That is handled by federal border agents, the Coast Guard, port authorities and police agencies.

Ports affected by the deal are:

• The Port of New York/New Jersey
• The Port of Philadelphia
• The Maryland Port of Baltimore
• The Port of New Orleans
• The Port of Miami

Welcome New & Renewing Members

InfoTrade, LLC

InfoTrade LLC offers import training and C-TPAT support services from assessing supply chain to preparation and submission of the supply chain security profile.

Ames Goldsmith Corporation

Audiosears Corporation

Capovani Brothers, Inc.

CMP Industries LLC

Hyperbaric Technologies, Inc.

World Trade News

U.S.-China trade deficit widens

More than one-fourth of the U.S. trade deficit ($726 billion last year) is now accounted for China, at $202 billion. This is the highest U.S. trade deficit with another country. As tensions rise - especially about high Chinese tariffs imposed on American auto parts and continued widespread copyright piracy of American products - Trade Representative Rob Portman announced the creation of a new China enforcement task force in his office. There are also a number of other China-bashing policy proposals on the tables of the Senate and the House.

The European Union’s trade deficit widened to 106.4 billion euros ($127 billion) in 2005 from 62.9 billion euros in 2004. The deficit with China grew in the first 11 months of 2005 to 96.6 billion euros from 72.2 billion euros.

Upcoming Member Events

Tech Valley Nonprofit Business Council: “Strategic Restructuring”

Join The Chamber of Schenectady County and Albany-Colonie Regional Chamber of Commerce for this dynamic presentation moderated by former A-C Chamber president Wally Altes, now with The Graduate College of Union University. Panelists Karen Brown of Big Brothers Big Sisters, John Flynn of Capital District YMCA and Christine Miles of Albany Institute of History and Art will discuss strategies for restructuring nonprofit organizations. 5:30 p.m. - 7 p.m., NYS Museum Theater, Madison Avenue, Albany.

WTCA Events

2006 Events of the World Trade Centers Association

Trade Opportunity

Organic fruit juice needed

Ankara-based WTCA Member, CBIS International Group is looking for organic fruit juice.

Amount: Four containers per month.

If interested, please contact us at info@crwtc.org or contact Gokhan Vural, Trade Development Manager of CBIS at gvural@cbis-group.net.

by Simone Schnitzer

The book focuses on the international sale of goods which are transported by sea, land and air, with the main emphasis on sea transport. It introduces the reader to the trade terms used in international sales contracts, in common law and Incoterms and explains how the parties have to fulfill their relative duties. The text explains the essential issues of contract of carriage and cargo insurance and gives special attention to aspects of financing international trade and securing payment. It also emphasizes the importance of choosing the applicable law and dispute resolution mechanism.

[Buy This Book Here]