WEDC will lead a multi-sector business delegation to the fastest growing economies in Indonesia, Vietnam and Thailand. Recruitment for this mission will begin mid-November. WEDC is partnering with the Council of Great Lakes Governors. Targeted industry sectors for this mission include: industrial equipment, water technology, environmental equipment/technology, medical equipment, education services, mining equipment, food processing and packaging, power generation, and renewable energy.
Contact Beng Yeap at 608-266-1480 or Beng.Yeap@wedc.org for registration materials. You may also click here for registration information and mission details.
Why Export to Indonesia, Thailand and Vietnam?
Indonesia
• Indonesia is Southeast Asia’s largest economy. It is a thriving democracy with significant
regional autonomy.
• In 2010, Indonesia’s annual growth expanded to 6.1%. Some experts predict that growth
may reach 8% in 2011.
• With a population of 237.5 million, 50% who are under the age of 30, the consumer market
continues to grow.
• More than 60 million low-income Indonesian workers are projected to join the middle class
in the coming decade which signals increased spending on consumer goods.
Vietnam
• With a population of 86 million, half of which are under the age of 30, Vietnam offers a dynamic
and rapidly evolving commercial market. The market offers ground floor and growth
opportunities for Great Lakes exporters.
• Vietnam’s economic growth has been one of the highest in the world in recent years, expanding
at an average of 7.2% per year.
• U.S. exports to Vietnam in 2010 grew by 19.8% to $3.7 billion.
Thailand
• Thailand is the U.S’s 22nd largest trading partner. In 2010, U.S. exports grew by 28% to $9 billion.
• The Thai economy is export dependent with exports accounting for 61% of its GDP.
• By Treaty, U.S. companies operating in Thailand, with the exception of a few sectors, are afforded national treatment or an “equal playing field” with Thai companies.
• Thailand serves as a gateway to Asia.
Contact:
Beng Yeap
608-266-1480
Beng.Yeap@wedc.org
