Interested in expanding in Asia? The Alabama Alliance can help. State Wide Mission to and Mission Details : Connect to a of opportunity in Asia Who: Alabama , higher education and economic develop- This trade mission is open to all manufacturing/ sector companies interested in ex- ment representatives panding their sales to these emerging markets. Economic development agencies, higher edu- cation institutions and others will be invited to participate in order to expand their reach into When: May 10-18, 2013 South Korea and China. The trip will be coordinated by the Alabama Department of Com- Where: Seoul, South Korea and merce and the Export Alabama Alliance. Shenyang, China Participants will have the opportunity to meet face-to-face with key contacts including U.S. Embassy officials, Korean and Chinese government officials and industry decision makers. This multi-industry mission will focus on matching participating companies with distributors, agents, representatives, joint venture partners and buyers in these markets.

The trade mission stop in Seoul will feature participation in Trade Winds, an official U.S. Department of Commerce conference and match-making event. If your company is new to Asia or is looking to tap into new markets, the Trade Winds Development Conference is the ideal launching point for expansion throughout the region. You will be able to participate in a focused business development conference highlighting opportunities and challenges in this dynamic region, attend high-visibility networking events with leading industry and government officials, and meet one-on-one with Senior Commercial Officers from U.S. embassies and consulates in the region for guidance on trade leads and market entry strategies. represented will include /, China, , , , Japan, Korea, , the , , , and .

Why South Korea?

 During 2012, Alabama exported over $466 million of goods

and services to South Korea  South Korea ranked as the 8th-largest export market for Ala-

bama in 2012, holding steady at the same position from 2011  The South Korea-U.S. Agreement (KORUS-FTA) came into force on March 15, 2012 and will eliminate tariffs for over 95 percent of U.S. of consumer and industrial

products within five years  The U.S. Commission estimates that the reduction of Korean tariffs and -rate quotas on U.S. goods alone will add $10-12 billion to annual U.S. GDP and around

$10 billion to annual merchandise exports to South Korea  Tariff eliminations and strong transparency obligations will facilitate exports for small and medium-sized companies

Alabama Department of Commerce Trade Mission to South Korea and China 2013 [email protected]

Why China?

 Alabama exports of goods and services to China reached $2.4 billion in 2012, a 3.5% increase over 2011 and a nearly 25% increase over 2010, making China the state’s 3rd-largest

export market  By 2020, China’s middle class is expected to account for around 45 percent of the population, or approximately 700

million people  The Northeast China region (including Liaoning Province) is rich in natural resources and is China’s heavy industrial center for iron and steel, oil, petrochemical, shipbuilding, machine tools, aviation and automobile manufacturing  Shenyang, together with six mid-sized surrounding cities, each with a population of 1.6-3.4 million people, is expanding into South Korea/China Trade Mission a “Greater Shenyang” region

Tentative Itinerar y China Profile Participants may join the Alabama delega- tion for all or part of the itinerary. The Geography: Area: 9,596,961 sq. km. (3,705,407 sq. mi.); slightly smaller than the U.S. Alabama Department of Commerce will People: Population (July 2012 est.): 1,343,239,923; Annual rate: .481% assist companies/individuals in developing (2012 est.): GDP: $8.25 billion (official exchange rate) or $12.38 trillion itineraries based on their unique objectives. (purchasing power parity); GDP real growth rate: 7.8%; Per capita GDP: $9,100 Trade: Exports—$2.021 trillion: electrical and other machinery including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment. Major markets Date Program (2011)—U.S. 17.1%, Hong Kong 14.1%, Japan 7.8%, South Korea 4.4%, 4%; —$1.78 trillion: electrical and other machinery, oil and mineral fuels, optical and medi- May 11 or Arrival in Seoul, South Korea cal equipment, metal ores, plastics, organic chemicals. Major suppliers (2011)—Japan 11.2%, 12 South Korea 9.3%, U.S. 6.8%, Germany 5.3%, Australia 4.6%. May 13 Trade Winds Event and/or individual Source: https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html meetings (all day) May 14 Trade Winds Event and/or follow-up South Korea Profile meetings (all day) Geography: Area: 99,720 sq. km. (38,502 sq. mi.); slightly larger than Indiana. May 15 Trade Winds Event and/or follow-up People: Population (July 2012 est.): 48.9 million; Annual Population growth rate: .204% meetings (AM) Travel to Shenyang, China (PM) Economy (2012 est.): GDP: $1.15 trillion; GDP real growth rate: 2.7%; Per capita GDP: $32,400 May 16 Shenyang individual meetings (all day) Trade: Exports—$548.2 billion: semiconductors, wireless telecommunications equipment, mo- tor vehicles, computers, steel, ships, petrochemicals. Major markets (2011 est.)—China 24.4%, May 17 Shenyang follow-up meetings (all day) US 10.1%, Japan 7.1%. Imports—$520.5 billion: machinery, electronics and electronic equip- ment, oil, steel, transport equipment, organic chemicals, plastics. Major suppliers (2011 est.)— May 18 Departure from Shenyang and arrival China 16.5%, Japan 13%, U.S. 8.5%, 7.1%, Australia 5%. in U.S. Source: www.cia.gov/library/publications/the-world-factbook/geos/ks.html

Mission Interest For m

To apply for the South Korea/China trade mission, return this form or contact Beau Lore, Alabama Department of Commerce, International Trade Division, 401 Adams Avenue, Suite 630, Montgomery, AL 36130 Tel: 334.242.0450, Fax: 334-242-0415, [email protected]

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Company: ______

Address: ______

City: ______State: ______Zip: ______

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Alabama Department of Commerce Trade Mission to South Korea and China 2013 [email protected]