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Upcoming Events
8/18/2009 - 8/22/2009
Furniture Show and Sales Mission
9/28/2009 - 9/29/2009
RepCan 2009 - Business Matchmaking Event
Explore Export Opportunities in Canada
Quick Contact
Specific Services Offered
- Host an informational interactive website portal which will provide current resources, links and data to current information, trade statistics, and sources of assistance.
- Email blasts and direct mail outs to disseminate relevant trade information, leads, and opportunities.
- Seminars and workshops sponsored by FFI, MDA, and MEAC. Examples include “Export 101”, “Shipping Documents Requirements”, etc.
- Access to Export Assistance Programs available through the US Dept of Commerce.
- Access to participation in trade shows, trade missions, and individualized trade partner appointments in many other countries.
- Recruit international buyers to Tupelo Furniture Market.
- Interactive assistance with specific trade questions. International business students at Mississippi State University and trade specialists at MDA and MSEAC will be called upon for assistance with specific international trade issues.
- List of banks friendly to international trade.
- Work with the MSU College of Business and Industry to link international business interns to furniture manufacturers who can benefit from student assistance.
- Visits by trade specialists from MDA and MSEAC, and by FFI to furniture manufacturers seeking export assistance and guidance.
- Access to international trade specialists in other countries through MDA and US Dept of Commerce.
Today's Market Spotlight: Egypt
Why Egypt?
- The World Trade Atlas reports that furniture exports in 2008 from the U.S. to Egypt totaled $20,153,250; Mississippi furniture exports to Egypt in 2008 was $773,643.
- The U.S. is Egypt’s largest bilateral trading partner.
- Egypt is the 4th largest export market for U.S. products and services in the Middle East.
- Egyptian law concerning commercial agency agreements is among the most liberal in the Middle East.
- Egypt relies on foreign supplies for its material inputs to domestic furniture production, both in terms of furniture-making machinery and equipment and raw materials.
- The Brazil-Arab News Agency predicts a 3% growth in the Egyptian furniture market in 2009; a study by the Italian Centre for Industrial Studies (Csil), the World Furniture Outlook, only China, India, Russia, Egypt and Kuwait are expected to present a furniture consumption growth of over 3% this year.
- Franchising has developed quite extensively in Egypt over a short time-there are over 40 international franchises at the present, 25 food and 15 non-food with hundreds of individual outlets.
- Ninety percent of goods exported to Egypt are subject to a reduced import tariff at a rate below 15 percent and Egypt is not subjected to special sanctions like those imposed on Libya and Iran.