Two events to help businesses and entrepreneurs learn about new export and import trade opportunities with India will be held in Bellevue this month.
The first, "Business Beyond Boundaries: The U.S. and India -- Making the Most of a New Era of Collaboration," will be Wednesday, Aug. 19, 6 to 9 p.m., at the Marriott Hotel, 11010 NE Eighth St. Panelists will explain the dynamics of the Indian economy and offer tips on how entrepreneurs can get established and avoid pitfalls.
Organized by the TiE Global Network of Entrepreneurs in partnership with Bellevue, the state and the Trade Development Alliance, the event will include dinner, a business panel discussion and a question-and-answer period. Panelists will include Jonathan Bensky, formerly U.S. foreign service minister counselor for commercial affairs to the EU and South and Southeast Asia.
To register, go to TiE.
The second event, "Insights on India and the Pacific Northwest," will be Wednesday, Aug. 26, 5:30 to 8 p.m., at Bellevue City Hall, 450 110th Ave. NE. Organized by the World Trade Club and the City of Bellevue, the discussion will focus on agricultural trade opportunities and the benefits of a new Indian General Consulate in the Bellevue-Seattle area.
The event will include buffet dinner and presentations. Featured will be Susmita G. Thomas, consul general of India, San Francisco; Prabhu Pingali, deputy director for policy at the Gates Foundation; and George Paulose, president of Ames International.
Registration information can be found at the World Trade Club. The World Trade Club of Seattle was established in 1946. It is one of the oldest and largest international trade organizations in Washington.
The Indian population on the Eastside represents a significant segment of the local professional workforce and entrepreneurs. Bellevue, with more than 15 percent, has the largest Indian population in the state. It has grown 1000 percent since 2000.
The two events are the first of a series planned in partnership between Bellevue, TiE, the Trade Development Alliance, the state Department of Commerce, the Washington Export Finance Assistance Center, the World Trade Club and community and business organizations. The purposes are to generate more awareness and identify business opportunities, to generate more cross-border trade, more business partnerships and support hiring of talented professionals from India.
- India’s exports to the United States doubled between 2000 and 2008 to $20.7 billion.
- Imports from United States rocketed from $3.7 billion in 2000 to $21 billion in 2007-08.
- Total trade nearly tripled, from $14.3 billion in 2000 to $41.7 billion in 2007-08.
- There is a balance of import and export trade between the U.S. and India.
- The U.S. signed a new trade agreement with India in October 2008, which puts India on par with the U.S. and the European Union in trading status for the first time.
- India will establish a new consulate general in Puget Sound in 2009/2010.
- The State Bank of India is looking at establishing a Bellevue branch.
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