As a follow up to a successful China trade mission in 2006, Automation Alley will be returning to China, in addition to an exploratory mission to Asia's economic tiger Vietnam.
Mission highlights include participation in Auto China 2008 in Beijing, China’s leading automotive tradeshow that attracts more than a half-million attendees from around the world. Participants will also visit Asia’s next hotspot, Vietnam.
Why China?
A market of 1.3 billion consumers, including an emerging middle class of 300 million, continues to fuel strong demand for American-made products, services and technologies. This has translated into a $62.5 billion export market for US companies in 2007
The nation’s double-digit GDP (11.5 percent in 2007) will once again exceed 10 percent this year while domestic consumption rates will continue to climb 18 percent yearly over the next decade (versus 2-3 perecent in the U.S.)
It’s not just about low-cost manufacturing anymore. China’s sophisticated, technologically adept, and highly-skilled workforce is quickly moving up the value chain to design, engineer and create innovative products for the global market
With government foreign exchange reserves of nearly $2 trillion, Chinese automotive enterprises are looking to expand in Southeast Michigan to secure advanced technology, managerial know-how, global brands, market access and distribution channels
Why Vietnam?
Vietnam is Asia’s second fastest-growing economy (behind China and ahead of third-place India) with projected rate of GDP growth reaching 9 percent in 2008
The economy is a hybrid between China and India. While still driven by manufacturing, the nation is also boasts a large pool of young IT talent.
A growing wave of high-tech investors (Cisco Systems, Dell, Intel, HP, and Microsoft) are laying the foundation for Vietnam to become Asia’s new mecca for electronics manufacturing, IT and software development.
Vietnam’s entry into the World Trade Organization in 2007 has opened the doors to foreign trade and investment while further privatizing and liberalizing its economy.
Reasons Why You Should Join Our Trade Mission
If your company is involved in one of the following industries where the demand for Michigan-made products, services and technologies are strong in both China and Vietnam, you will not want to miss Automation Alley’s trade mission:
- Automotive components and systems
- Advanced energy and power generation applications
- Engineering and design services
- Environmental and pollution control technologies
- Machine tools and industrial machinery
- Medical devices and equipment
- IT and manufacturing software applications
See firsthand why China and Vietnam have become leading destinations for foreign direct investment. Companies worldwide have poured billions of dollars into both countries to take advantage of two of the world’s largest untapped consumer markets.
The American Chamber of Commerce and U.S. Department of Commerce/U.S. Commercial Service (Gold Key Service) will arrange matchmaking meetings that will place your company directly in touch with potential buyers or distributors of your products, joint-venture partners, technology licensees, and the key players you need to know to successfully break into these markets.
Attend receptions hosted by the U.S. Embassy in Hanoi, where you will have an opportunity to meet with business experts and government officials who will share their firsthand insights about the opportunities and challenges of doing business in Vietnam.
Cost to participate is $7,995.* Price includes international airfare, hotels, internal transportation, matchmaking meetings, business briefings, welcome receptions, industrial park tours, and sightseeing. Automation Alley will take care of all your planning and details before, during, and after the mission.
Participation is limited to 10 company participants only. For more information or to register, please contact info@automationalley.com or 800-427-5100.
*Cost subject to change based on availability
“Wayne County Airport Authority’s participation on Automation Alley’s trade mission to China last November 2006 contributed in part to the success of China Southern Airlines recently announcing daily nonstop service between Detroit and Beijing beginning in 2009. The regional economic impact of this announcement will be $95.6 million annually.”
-Jack Vogel, Senior Vice President, Business Development & Revenue Management, Wayne County Airport Authority
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