May is International Trade Month
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Welcome to the
Wisconsin Small Business Development Center's Go Global Newsletter.
Follow the Wisconsin SBDC Network and the Go Global Initiative every day in your favorite way:
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New Wisconsin Go Global Initiative consultant brings decades of experience |
By Small Business Development Center
The Wisconsin Go Global Initiative has a new consultant eager to help businesses new to the international arena as well as those looking to expand or improve their operations.
Chris Wojtowicz brings over two decades of international business experience across multiple sectors to the Wisconsin Small Business Development (SBDC) Network.
Chris can help small businesses with technical assistance in several areas. He specializes in creating tailored import/export compliance programs. He also has a proven track record in transforming domestic businesses into successful international businesses, working with small and medium-sized enterprises in the beverage, logistics, manufacturing, medical device and defense sectors.
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What Contractors Need To Know About The Biden Administration's "Buy American" Executive Order |
President Biden signed an Executive Order on January 25, 2021 professing an intent to bolster "Buy American" requirements in federal government procurements (the "Order").1 While the Order, entitled "Ensuring the Future is Made in All of America by All of America's Workers," makes sweeping policy declarations, its practical impact may be more limited than the title implies. Notably, the Order does not address domestic preference provisions for specific industries that have been of interest, such as pharmaceuticals, and does not impact existing U.S. trade agreement obligations. This article summarizes the major provisions of the Order, identifies its areas of likely impact, and notes certain open questions the Order leaves unresolved.
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Sanctions/Export Controls Trends in 2021 |
The recent change in administrations has generated much discussion about what to expect in the worlds of export controls and sanctions in 2021. In general, we expect many of the same priorities from 2020, including a focus on China and Russia, to continue in 2021, but with a more measured and multi-lateral approach.
Enforcement of U.S. sanctions continued to be strong in 2020. OFAC brought enforcement actions focusing on the e-commerce, banking, shipping, and insurance industries. OFAC has also been focusing on transactions involving the tech sector and the use of digital currencies to evade sanctions (including through ransomware attacks).
Expect the Biden Administration to continue to take a firm, but more measured and multi-lateral approach to China in 2021.
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Develop You Export Compliance Program Workshop |
Attend the Develop Your Export Compliance Program Workshop at No Charge!
Protecting your business and assets is critical. After all, you probably purchased some sort of fire and risk insurance, right? So why not establish an Export Compliance Program?
• Identify the eight key elements of an Export Compliance Program.
• Determine the risks of violating export controls.
• Benchmark your current Export Compliance Program with best practices.
Consider this one-time, no-cost chance to chart your course!
Small and medium sized companies with fewer than 500 full-time employees are invited to send up to two employees at no cost. This is a first come, first served opportunity.
With expert guidance on tools and best practices, you can learn how to set up or update your existing compliance program.
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Trade Passport Website Reminder |
The National Association of Small Business International Trade Educators (NASBITE) in collaboration with the Wisconsin SBDC Network and trade organizations across the US remind you to visit the Trade Passport website providing Export Assistance On-Demand.
The website includes an impressive webinar library which is updated regularly by NASBITE, covering a multitude of trade topics. Individuals can access up to 20 webinars at no charge and, for Wisconsin companies negatively affected by COVID-19, free access will be provided for one year. Contact Chris Wojtowicz for more information or visit the Trade Passport Website at: https://www.trade-passport.org/ |
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Ready to Explore New International Markets? |
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The Go Global Initiative is available to any and all Wisconsin companies who are looking to grow into new or existing international markets. Take advantage of our Free Export Assessment Tool and discover the trade resources available to your company today! |
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The Wisconsin SBDC Network is part of the Institute for Business & Entrepreneurship. We help entrepreneurs, businesses and economic development professionals to achieve their goals by offering technical assistance and leveraging data. Learn more about us and how we can help you! |
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