4.23.2024
Oscar and Luis Pino delivered an informative presentation focused on international trade with South America. They highlighted the region's dynamic economic growth, particularly the expansion of the middle class and its impact on global market potential. The discussion covered key considerations for calculating landed costs, such as freight, insurance, and duties, and explained how CIF (Cost, Insurance, and Freight) affects import pricing. They also addressed trade agreements like those involving Chile and the U.S., and explored practical tips for importing packaged goods such as cheese and vegetables into the U.S., including regulatory requirements and FDA registration. The session provided valuable insights for businesses looking to explore sourcing or exporting opportunities in Latin America.
5.2024
The Utah State Trade Expansion Program (STEP) Grant, administered by the Governor’s Office of Economic Opportunity, provides financial assistance to small businesses in Utah to support their international growth. It helps offset costs related to activities such as attending international trade shows, participating in trade missions, translating marketing materials, or obtaining international certifications. The goal of the STEP Grant is to empower Utah-based small businesses to expand into global markets by reducing the financial barriers to export readiness and market entry.
6.2024
Utah trade shows and trade missions, organized by the Governor’s Office of Economic Opportunity and World Trade Center Utah, provide valuable opportunities for companies to expand globally. These initiatives connect Utah businesses with potential international buyers, distributors, and partners through curated events and delegations abroad. By showcasing products and services in targeted global markets, companies can gain direct market exposure, explore export opportunities, and build lasting international relationships that drive business growth and diversification.
