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Doing Business in the United States of America

Doing Business in the United States of America. Presented by Valeria Petaeva, Commercial Specialist, CS Prague Export Festival 2014 June 19, 2014. Progress and Innovation Cannot Be Stopped!. Czech – U.S. Trade Relations. In USD billion; source: USDOC .

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Doing Business in the United States of America

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  1. Doing Business in the United States of America

    Presented by Valeria Petaeva, Commercial Specialist, CS Prague Export Festival 2014 June 19, 2014

  2. Progress and Innovation Cannot Be Stopped!

  3. Czech – U.S. Trade Relations In USD billion; source: USDOC Since 2009, Czech exports to the U.S. have nearly doubled. Rank of Czech Republic among exporters to the U.S. constantly growing every year
  4. U.S. Imports from Czech Republic 2013 Top 5 Products exported Czech Republic U.S. Cars (10%) Vehicle Parts (6.9%) Computers (6.1%) Video Displays (1.8%) Rubber Tires (1.6%)
  5. 1. U.S. Commercial Service in Prague
  6. Our Services: Our Products for the U.S. Companies: Business Matchmaking In-Country Promotions Commercial Diplomacy Business Meetings (GKS) Contact Lists Trade Events Partner Search (IPS) Trade Missions
  7. Our Services: Our Products for the Czech Companies: U.S. partners search International Trade Fairs Commercial News USA magazine U.S. Trade Fairs - International Buyer Program
  8. International Buyer Program (IBP)
  9. 2. Foreign Direct Investment (FDI) SelectUSA
  10. U.S. Open Investment Policy “The United States reaffirms our open investment policy, a commitment to treat all investors in a fair and equitable manner under the law.” Statement by the President of the United States, June 20, 2011
  11. About SelectUSA SelectUSA’s mission is to promote and facilitate business investment in the United States. It is housed in the U.S. Department of Commerce and represented by the Commercial Service at U.S. Embassies and Consulates around the World. SelectUSA is geographically neutral and represents the entire United States. It uphold the U.S. open investment policy and performs uniquely federal functions. Our Clients: U.S. States, Regions, and Localities Companies (investors) SelectUSA Report: Foreign Direct Investment in the United States: Released on December 31, the report studies FDI in the United States by geography, industry, and economic impact. http://selectusa.commerce.gov/fdi-report
  12. Global FDI Trends In USD Millions $3.9 Trillion The United States remains the largest recipient of FDI in the world. 20 largest country recipients by FDI stock in 2012; Currency displayed at current market value. Source: UN Conference on Trade and Development
  13. Reshoring Reshoring “Reversal of outsourcing; the transfer of a business operation back to its country of origin.” Sources: The Economist, Jan 19th 2013: http://www.economist.com/news/special-report/21569570-growing-number-american-companies-are-moving-their-manufacturing-back-united

  14. Czech investors in the U.S.

  15. 3. U.S. Business Climate
  16. U.S. Business Climate #1 AT Kearney’s 2013 FDI Confidence Index China: #2 Germany: #7 UK: #8 IESE Business School’s 2013 Venture Capital and Private Equity Index Canada: #2 UK: #3 Japan: #4 #1 #4 World Bank’s Ease of Doing Business 2013 Ranking Singapore: #1 Hong Kong SAR: #2 New Zealand: #3 #5 World Economic Forum’s 2013-2014 Global Competitiveness rankings Hong Kong: #7Japan: #9 China: #29
  17. U.S. Business Climate Strategic Market & FTAs Population of U.S. and FTAs is 742 million; U.S. 42% of Global Consumer Goods Market 1 Center for Global Innovation and Entrepreneurship U.S. Responsible for 33% of Total World R&D Expenditures (EU-27 accounted for 24%); Average 565,000 new businesses created per month in 2010 2 Strong Intellectual Property Rights Protections 52.2%of the Patents Granted in 2012 by the U.S. Patent Office Originated from a Foreign Country 3 A Leader in Higher Education 15 of the top 20 universities in the World (Europe has 4 of the top 20)4 Productive Workforce U.S. labor productivity grew 1.5% between 2007 and 2012 (France: 0.2%, Germany: 0.3%, UK: -0.6%) 5 Open to People, Cultures, and Ideas Source: National Science Foundation Science and Engineering Indicators 2012 Sources: Office of the U.S. Trade Representative; Central Intelligence Agency – The World Factbook; and Credit Suisse survey; 2 National Science Foundation Science and Engineering Indicators 2010; Kauffman Index of Entrepreneurial Activity 1996-2010; 3. U.S. Patent and Trademark Office; 4. The Times Higher Education Report 2013-2014 (U.K.); 5. OECD Labor Productivity Statistics
  18. FDI Employment in the United States 5.6 million U.S. workers are employed by subsidiaries of foreign-owned firms. # FDI Employment by State 200,000+ 90,000 – 199,999 50,000 – 89,999 20,000 – 49,999 1 – 19,999 FDI employment data for U.S. territories and District of Columbia is not disclosed. Source: U.S. Bureau of Economic Analysis
  19. Our Services: Facts we should know about U.S. market: Regional approach*
  20. Our Services: Facts we should know about U.S. market:
  21. Our Services: Facts we should know about U.S. market: Regional approach* Standards are usually not determined by the government, but by the industry (e.g. American Petroleum Institute) State tax system is not unified Office of the United States Representative http://www.ustr.gov/
  22. Web Resources Information About State Processes for Incorporation www.business.gov/states/ State Incentives www.areadevelopment.com/stateResources/ www.businessfacilities.com/stateinfo.php www.incentisgroup.com/ www.siteselection.com/issues/2009/nov/State-Incentives/0911IncentiveChartsNotes.pdf State Comparison www.competitivealternatives.com/ State International Development Organization www.sidoamerica.org.
  23. Web Resources Baker and McKenzie’s Legal Guide to Acquisitions and Doing Business in the United States http://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=1037&context=lawfirms Deloitte’s International Business Guide to Investing in the United States www.deloittetaxguides.com/report_dl.asp?mode=pdf&issue_id=241830609&rf=0 HLB International’s Guide to Doing Business in the USA www.hlbi.com/index.php?option=com_content&view=article&id=37&Itemid=19 U.S. Imports from Czech Republic http://atlas.media.mit.edu/profile/country/cze/
  24. Visit Us on the Web http://www.buyusa.gov/czechrepublic/ www.SelectUSA.gov http://www.export.gov Follow Us on
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