Idaho businesses of all sizes are involved in international trade.
Countries of Involvement
The State of Idaho has built strong trade partnerships with Canada, Europe, and Asia, and they operate international trade offices in China, Mexico and SE Asia. The Idaho-Asia Trade office assists in the following countries:
The Idaho Department of Commerce International Team can help identify prospects in international markets, find financing to support this new aspect of your business, and match you with local resources who can provide export services.
If you would like to explore foreign markets or expand your existing international customer base, give us a call at 208-489-8755 or email Robin Collins and we will get you connected directly with someone who is an expert in that field.
Whether you are new to exporting and still unsure if it is right for your company or you are an experienced exporter, a trade specialist will work with you as a partner to make your export endeavors more successful. For more information, visit the Idaho Commerce website.
International Buying Delegations
Idaho Commerce - in cooperation with its foreign trade offices in China, Taiwan and Mexico - encourage international buying delegations to visit Idaho each and every year. The buyers are pre-qualified to ensure reputable, capable, and ready-to-buy prospects.
Foreign Direct Investment
Idaho Commerce continually explores opportunities to leverage trade between Idaho and foreign companies through Foreign Direct Investment (FDI). FDI activities may include joint ventures between international and Idaho companies, international companies investing in Idaho companies, or international companies building manufacturing or distribution facilities in the state.
North American Free Trade Agreement (NAFTA), negotiated among the United States, Mexico, and Canada, came into effect on January 1, 1994. It provided for the elimination of tariffs on most goods originating in the three countries over a maximum transition period of 15 years.
State Trade Expansion Program
The State of Idaho has received a State Trade Expansion Program (STEP) Grant of $600,000 for program years September 30, 2018 – September 29, 2020. STEP is funded in part through a grant with the U.S. Small Business Administration (SBA) and is administered by Idaho Commerce. The goals of STEP are to increase the number of small businesses that export, increase the value of exports and increase the number of small businesses exploring significant new trade opportunities. Participants must meet SBA eligibility requirements to participate in the STEP-funded programs.
Trade missions provide Idaho companies with an unparalleled opportunity to pursue potential business partnerships, make contacts, and open doors in foreign markets. Companies of any size and industry are welcome to participate in trade missions; however, space is limited and available on a first-come, first-served basis.
Want to let prospective buyers in Taiwan, Japan or Chile know that you’ve got what they want? Idaho Commerce will promote your business at a trade show that’s targeted to your industry, or they can help you prepare for one that you plan to attend. Trade shows offer an opportunity to demonstrate your products in-person to decision makers from around the globe, which often results in qualified leads and new relationships.