On September 19, IBA client and SBA Region Five Exporter of the Year, Southwest Steel Coil (SSC), held an open house for the public to view their latest expansion in Santa Teresa. More »
On August 19, the IBA assisted in coordinating a roundtable discussion with U.S. Congressman Steve Pearce in Santa Teresa. Homebuilders and developers from the Santa Teresa/Sunland Park region were invited to participate More »
On July 25th, the IBA helped coordinate a visit by Governor Susana Martinez and New Mexico Economic Development Department Secretary Jon Barela to Santa Teresa. These officials were in town to announce More »
By Jerry Pacheco
On February 5, the U.S. Department of Commerce (USDOC) issued a press release stating that U.S. businesses exported $2.35 trillion in goods and services in 2014, breaking a record for the fifth year in a row. According to the release, new records were achieved in exports of capital goods, consumer goods, petroleum products, foods, feeds, beverages and automotive vehicles/parts. Exported goods accounted for $1.64 million, an increase of 2.7 percent. Service exports hit an all-time high of $710.3 billion. Leading categories in this sector included travel, transport, charges for the use of intellectual property, and financial services.
During 2015, the IBA will be conducting a series of trade workshops around the state, some in conjunction with our sister SBDC offices, and others with business associations. Our next workshop will take place from 4:00 pm to 5:00 pm, on February 11th, in conjunction with Arrowhead Center at NMSU. IBA trade specialists will be on hand to consult with companies interested in exploring a particular international market.
There will be no charge to attend this event, but space will be limited. Please contact the IBA offices for more information and to register.
We will be publishing a calendar of upcoming trade seminars within the next few months.
By Jerry Pacheco
I am astounded by the train wreck that is Russia and its leader, Vladimir Putin. In the face of world opposition, it attacked its neighbor, Ukraine, and forcibly annexed the Crimea. War still rages in eastern Ukraine, promoting instability in that region. This war of aggression has badly damaged Russia’s image in the world.
In response, the U.S. and its western allies imposed a series of sanctions on Russia, targeted at industries, banks and influential Russian businessmen. Initially, Putin’s government thumbed its nose at the sanctions, but now they appear to be restricting the access to trade and badly needed finances for his government. On top of the sanctions, falling oil prices have put a squeeze on the government’s revenues. Russia relies heavily on its vast oil reserves to fund the national treasury. Less income from oil means less ability to replace badly crumbling infrastructure across the largest nation in the world, and to maintain basic services for its citizens.