International and domestic arrivals are up significantly in South Africa. This growth means ancillary products and services will be required. Wisconsin companies in the aviation sector are encouraged to explore these opportunities.
The chemicals industry in Mexico has become a key industry within production chains, and thus represents an important source of capital investment in the long term. It also is one of the key industries for generating employment, at about 18 percent.
Agriculture is playing an important role in the growth of India’s economy. Over 58 percent of rural households depend on agriculture as their principal means of livelihood. The agriculture and allied sectors contribute 16 percent to the Indian GDP. India is the world’s largest producer of spices, pulses, milk, tea, cashews and jute, and the second largest producer of wheat, rice, fruits and vegetables, sugarcane, cotton and oilseeds.
The world’s top location for trade shows, Germany hosts about 150 international trade fairs a year, attracting up to 170,000 exhibitors and up to 10 million visitors annually. These visitors and exhibitors spend $13.4 billion annually, boosting economic output by $26.2 billion.
The Chinese State Council recently moved to ease investment rules in four free trade zones (FTZs) in Shanghai, Guangdong, Tianjin and Fujian. The temporary adjustment of regulations for administrative approvals was passed, and a total of 18 rules and regulations for 51 items have been revised. Among them, more than 20 items involve changes from administrative approval to managerial registration for foreign investment in the above four FTZs. In addition, China will further open up a number of industry areas, temporarily allowing foreign investors to fund wholly owned enterprises in the fields including iron and steel production, gas station operations, shipping and automotive batteries.
The Canadian market provides an exciting opportunity for American craft brewers and suppliers. The growing popularity of craft beers in Canada has dramatically increased the number of small-scale, independently owned breweries. Canada now has the sixth-largest number of craft brewers of any country in the world. This growing consumer demand favors variety of taste and the higher-quality ingredients in both local and imported brands. The growth of industry imports in the past five years is expected to continue at an annualized rate of 5.2 percent to $962.7 million by 2021.
According to Brian Winter, the chief director of the American Quarterly, “If history is any guide, Brazil’s Soccer Olympic Gold may be remembered as a turning point in the crisis.” In an interesting perspective, Winter sees parallels between the trajectories of the Brazilian economy and the performance of the Brazilian soccer league, pointing out how those seemingly unrelated events ended up connected by the mood of the country and its impact on the economy.
Australia’s department store and supermarket industries are worth a combined $91 billion ($120 billion Australian), and are forecast to grow further. The supermarket and grocery industry alone is expected to grow to $87 billion ($115 billion Australian) by 2020-21, creating significant opportunities for Wisconsin exporters of products suited to the supermarket and grocery store sectors.
Introduction of biomass power generation, with biological gas power generation as the principal method, is increasing in Japan, accompanying promotion of a feed-in tariff system by the government. Presently, it is expected that the amount of energy generated annually from biomass will increase from 17.6 billion kWh in 2013 to 49 billion kWh in 2030.