Modernization Hub

Modernization and Improvement
International business and Salt Lake City

International business and Salt Lake City


INTO SERVICE STILL UP IN THE AIR. THE ACTING HEAD OF THE FAA SAYS IS NOT TIED TO A TIMETABLE FOR THE FAA PLANS TO SHARE SAFETY DATA WITH YOUR TRAFFIC BRING LEADERS FROM AROUND THE WORLD TODAY. THE ADJUSTER GROUNDED WORLDWIDE AFTER TWO DEADLY CRASHES. AND BATH AND BODY WORKS HELPING CLEAN UP THE BOTTOM LINE OF THE PARENT COMPANY. 13 PERCENT BUT THE OVERALL SALES WERE FLAT IN THE FIRST QUARTER DRAGGED DOWN BY ANOTHER OF ITS PROPERTIES, VICTORIA’S SECRET, SALES FELL 5 PERCENT. THAT IS YOUR GOOD MORNING UTAH BUSINESS REPORT. Emily: INTERNATIONAL TRADE HAS BECOME PART OF OUR STATE ECONOMY. TALK ABOUT THIS RUBEN FROM THE SALT LICKS THE DEPARTMENT OF ECONOMIC DEVELOPMENT. AND THE CEO FOR WORLD TRADE CENTER UTAH. LET’S START THERE. PEOPLE MIGHT NOT KNOW WHAT WORLD TRADE CENTER UTAH IS. YOU’RE VERY BUSY A LOT GOING ON. TELL EVERYONE WHAT YOU DO. WE DO INTERNATIONAL BUSINESS DEVELOPMENT. THAT MEANS ON BEHALF OF THE STATE OF UTAH AND UTAH BUSINESS COMMUNITY WE HELP UTAH COMPANIES EXPAND INTERNATIONALLY. WE HELP ATTRACT INTERNATIONAL INVESTMENT AND INSTITUTIONS AS WE DO THAT WE ARE WORKING WITH GLOBAL LEADERS, BUSINESS LEADERS, GOVERNMENT LEADERS AROUND THE WORLD. WORKING TO ELEVATE UTAH’S LOCAL STATUS OF IT IT BECOMES KNOWN AS A LOCAL HUB FOR TRADE. Emily: YOU FLY A LOT IS WHAT YOU TELL ME. WE DO FLY A LOT! DIFFERENT COUNTRIES AND A LOT OF PEOPLE, BUSINESS AND OTHERS COMING HERE. Emily: AND WHEN YOU GET THEM HERE YOU CAN SELL THINGS. BECAUSE ONCE YOU CS YOU CANNOT HELP BUT LOVE US. YOU’VE INTERNATIONAL TRADE. HOW THEY AFFECT NOT JUST THOUGHT LAKE CITY BUT THE ENTIRE UTAH COMMUNITY? MOST TIMES ARE SURPRISED ON THE EXTENT TO WHICH OUR ECONOMY IS TIED IN WITH THAT OF THE REST THE WORLD. WITH WHEN EXPORTING STATE IN THE COUNTRY. COMPARED TO THE SIZE OF OUR ECONOMY. IT’S INTERESTING BECAUSE LESTER WOULD ENGAGE IN ABOUT $30 BILLION OF INTERNATIONAL TRADE. WHICH IS SPREAD OUT ACROSS THE DIFFERENT INDUSTRIES, 3500 DIFFERENT COMPANIES. INTERNATIONAL TRADE SUPPORTS ONE IN FIVE JOBS IN UTAH. THE ECONOMY IS VERY MUCH TIED TO THE ECONOMY OF THE REST OF THE WORLD. OF COURSE TRADE IS BEEN IN THE NEWS A LOT RECENTLY WHICH HAS GOOD NEWS WITH OUR TRAINING PARTNERS MEXICO AND CANADA. LOOKS LIKE THE NEW NAFTA OR USMCA — LEUCINE STEEL AND ALUMINUM TARIFFS GOING WAY THIS ALL POSITIVE AND CRITICAL BECAUSE THE TRADE WITH MEXICO AND CANADA IS SUCH AN OVERWHELMINGLY MAJORITY, MAJORITY SHARE OF OUR INTERNATIONAL TRADE IS WITH OUR NORTH AMERICAN PARTNERS. WITH CHINA, THAT’S BEEN IN HIS LOT, WE HAVE NEW TARIFFS, SO THINGS HAVE NOT BEEN GOING IS POSITIVE IN THAT DIRECTION. THE HOPE IS FROM UTAH THAT IS DEMONSTRATION CONTINUES TO ENGAGE IN CHINA WE CAN REACH AN AGREEMENT WITH CHINA. CREATING A BETTER FRAMEWORK, STRONGER FOUNDATION FOR US TO CONTINUE TO GROW AND EXPAND TRADE WITH CHINA. CHINA IS HISTORICALLY OUR LARGEST TRADING PARTNER UTAH SO IT’S CRITICAL ISSUE FOR US AS WELL. Emily: CRITICAL ISSUES, BIG TOPICS. CITY. DEPARTMENT OF A DEVELOPER, THERE’S BEEN A LOT OF WORK TO TALK ABOUT INTERNATIONAL TRADE AND EXACTLY WHAT THEY’RE WORKING ON. IMPACTED OUR CAPITOL CITY? QUITE SUBSTANTIALLY. ONE OF THE FIRST THINGS WE DID WHEN WE CAME IN AS A DEPARTMENT AS WE PARTNER WITH THE WORLD TRADE CENTER IN ORDER TO UPDATE THE CITIES TRADE ZONES. BEEN ON THE SEGMENT A FEW TIMES TALKING ABOUT THE FOREIGN TRADE ZONE. IT’S A GREAT RESOURCE IMPORTING OVER MILLION DOLLARS. FOR EXPORTING OR IMPORTING OR COMBINATION OF BOTH. WE PARTNERED WITH THE WORLD TRADE CENTER TO UPDATE THAT FRAMEWORK. AND AS ONE OF THE GREAT RESOURCES BUT OTHER THAN THAT WE SEE OVER 300 BUSINESSES A YEAR ON OUR SITE VISITS. WE WANT TO TALK ABOUT HOW BUSINESSES CAN BE AWARE OF HOW THEY CAN ENGAGE IN THE GLOBAL MARKETPLACE TO THE SERVICES THAT ARE PROVIDED HERE LOCALLY. THE WORLD TRADE CENTER WAS IN SO LAKE CITY BUT THEY SERVE THE ENTIRE STATE. SO IS A GREAT RESOURCE IN YOUR BACKYARD. WE TRY TO ENCOURAGE COMPANIES TO TAKE ADVANTAGE OF THAT. Emily: SO MANY BIG THINGS ARE GOING TO SWITZERLAND AND ITALY NEXT MONTH? WE ARE GOING WITH 50 UTAH COMPANIES AND GOVERNMENT COMPANIES TO SWITZERLAND FOR THE PARIS AIR SHOW IN FRANCE AND THEN TO ITALY. IT WILL BE BUSY. A LOT OF REALLY IMPORTANT ISSUES. Emily: VERY BUSY, A LOT OF GOOD THINGS HAPPEN FOR BOTH OF YOUR TEAMS. WE APPRECIATE YOU BOTH TO FOR

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