$2.5 billion in exports from Arizona to Canada $6 billion in FDI (Foreign Direct Investment) 1 million Canadians visiting Arizona per year 53% of international tourism dollars in Arizona come from Canadians 127 nonstop flights per week between Canada and Arizona 300+ Canadian companies operating in Arizona 17 years of Sister City relationship between Phoenix and … [More]
Be Aware of Cultural Differences
Doing business across cultures can be challenging, fun and profitable. Recruiting, hiring, decision-making, building of relationships, customer needs, and even business terminology can differ in diverse country contexts. It takes time, conscious effort and the right questions to understand how people see the world and therefore view business. For instance: In Germany, the … [More]
Government Resources that Work
Arizona companies looking to build overseas sales are wise to turn first to 20 Free Trade Agreement (FTA) partners for export opportunities. FTAs give American goods a distinct competitive advantage versus products from other countries due to reduced tariffs and a more transparent trading and investment climate. In addition to NAFTA partners Canada and Mexico (which account … [More]
To Grow Globally, Think Differently
Increasingly, Arizona companies are looking to overseas markets to do business. In this ever-evolving landscape of internationalized business, it is important for Arizona businesses to carefully consider the legal implications associated with their international business dealings. The best strategy, of course, is to be well-informed about the key legal considerations for a … [More]
Doing Business in China: Easy and Difficult
Arizona companies are successfully expanding their businesses to China, with 163-percent growth in Arizona exports to China since 2002 and 25-percent growth in 2012 alone. China is now Arizona’s third-largest trade partner, with $1.2 billion in exports in 2012 — 6.8 percent of total Arizona exports for last year. Major exports products to China include computer and electronic … [More]
Understand Anti-Corruption Laws in Global Business
Recently, several companies have publicly disclosed that they are internally investigated or are being investigated by United States and foreign governments related to alleged bribery of foreign officials in an effort to obtain a business advantage. The majority of the investigations have related to alleged violations of the Foreign Corrupt Practices Act (FCPA) or similar … [More]
How to Finance Exports and Reduce Payment Risk
An International Scenario Let’s say things are moving forward. As a business owner, you’ve recently learned that there is demand for your product by consumers outside of the United States, and that selling to those markets could be quite lucrative for your company. You’ve also determined that the most effective way to get your product to foreign consumers is through wholesale … [More]
Thank You. Grow Globally.
The Arizona International Growth Group (AZIGG) was founded in 2007, and since then over 100 Arizona-based business leaders have presented their successes, challenges and tips regarding global business growth to over 10,000 attendees and members. AZIGG becomes the Global Chamber PHX in June, part of the Global Chamber headquartered at SkySong and dedicated to supporting the … [More]
Take the blinders off. There is a better faster way.
Have you ever arrived at a destination after driving for 30 or so minutes and wonder how you got there? That happens to me more times than I care to admit, and I find myself wondering if I ran any red lights, or cut anyone off on the freeway. For all I know, I could have left a trail of destruction on the freeway, and I would have never had a clue. During an early morning … [More]
Top 6 Do’s & Don’ts for Small Business
Everyone has advice when it comes to running your small business. At ASBA, we want to make sure our members are empowered to make their small businesses even better with the below tips to do and pitfalls to avoid. Do Find Your Competitive Edge – and Keep It Knowing more than your competitors gives you the better advantage as the consumer landscape changes and grows. Being … [More]
