Indy maps out export plan
The Indianapolis area could see exports rise if a plan released Feb. 21 succeeds.
The Indianapolis area could see exports rise if a plan released Feb. 21 succeeds.
Slowing domestic growth pushes executives to brighter markets.
Indiana exports slipped slightly last year, marking the first decrease in three years and only the second decline this century, according to a report released Tuesday.
The delegation plans to visit Japan, South Korea and Taiwan for two weeks beginning Saturday.
U.S. Steel and Steel Dynamics Inc., which have thousands of employees in Indiana, are among steel companies who say they have been unfairly harmed as imports of the products are sold more cheaply than domestic producers can make them.
Gov. Mike Pence will have met with every major Japanese employer in central Indiana by the time he returns Sept. 14 from his first overseas trade mission. Pence is trying to drum up new investment while thanking the companies that have had a presence here for decades.
Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.
Hoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.
The two leading candidates for governor offered starkly different plans for improving the state's economy Thursday. Democrat John Gregg wants the state to increase exports by 50 percent. Mike Pence pushed for programs to help students graduate from college within four years.
Cummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion in 2011 to $30 billion in 2015.
While Indiana exports overall rose 12 percent in 2011, to a record $32.2 billion, shipments to Afghanistan rocketed 323 percent, to $828 million.
Indiana logistics firms and their manufacturing clients could gain new export opportunities to China if the country follows through on plans to reduce taxes on imported goods.
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
The top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from U.S. companies in Latin America’s biggest economy.
Two Taiwanese trade groups have agreed to buy as much as $5 billion worth of corn and soybeans from Indiana and other states in 2012 and 2013.
The state shipped $28.7 billion in goods last year to foreign countries, including Canada, Mexico and Germany, which accounted for most of the demand, according to a report from the Indiana University Kelley School of Business.
Daniels signed the business cooperation agreement Monday with the leader of Zhejiang Province, located on the east coast of China south of Shanghai. The document pledges to develop further business links between Indiana and Zhejiang.
I actually find it astonishing that there are still Americans who devote themselves to opposing free trade on the grounds that it hurts the economy. There is no more easily disproven fiction.
Regulations aimed at stopping invasive species are too stiff.
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.