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By Brett Heimburger, Danny Houpt, Steven Wrigley
Governor’s Office of Economic Development
International Trade and Diplomacy
The United States has long been the preeminent economic power; however, in recent years China has been catching up at an unprecedented rate. Recent Goldman Sachs study projects’ that China will overtake the U.S. as [...]
In June, Global Utah featured an article about the recent Piura Government delegation visit to Utah, during which a Memorandum of Understanding was signed for the purpose of further developing cultural understanding, cooperation, and promoting international trade between the State of Utah and the Piura Region of Peru (click here for article). To continue this [...]
Attendees at the recent presentation of the Hong Kong Trade Development Council learned that Hong Kong is a well positioned and emerging market for all international business. Recent Chinese government measures encourage domestic consumption, enhance infrastructure development and improve environmental standards, creating many business opportunities for U.S. companies. Hong Kong is an ideal place for [...]
EDCUTAH ANNOUNCES 2008-2009 RESULTS
Organization Reports Remarkable Performance in Tough Economic Times
(Salt Lake City, UT) – Economic Development Corporation of Utah (EDCUtah) today announced results of the fiscal year ended June 30, 2009. In our 2008-09 year, more than 20 companies made the decision to come to or expand in Utah. These include eBay, Microsoft and [...]
THE NUMBERS: Temporary tariffs, 2000-2008
Total 2000-2008
Annual average 2000-2008
2008 Only
WORLD
1701
189
155
India
326
36
31
U.S.
209
23
30
EU
171
19
15
China*
117
17
4
Turkey
123
14
15
Argentina
106
12
6
All Other
639
72
58
* WTO data for China cover only 2002-2008
WHAT THEY MEAN:
Last week, Obama administration imposed a three-year tariff on Chinese automobile tires. As of this Saturday, rates jump from the permanent 4 percent rate to 35 percent for the next 12 months, then fall to 30 percent [...]
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