Trade agreement in place with Japan

first_imgShare Facebook Twitter Google + LinkedIn Pinterest U.S. agriculture celebrated a U.S. trade agreement with Japan that, once implemented, will place it back on a level playing field with international competitors in one of its most important export markets. The agreement was announced at the G7 summit in France during a press conference with U.S. President Donald Trump, Japanese Prime Minister Shinzo Abe and U.S. Trade Representative Robert Lighthizer.“We thank the Trump administration for negotiating a trade agreement with Japan, a market that represented 25 percent of total U.S. pork exports last year,” said David Herring, a pork producer from Lillington, N.C. and president of the National Pork Producers Council. “We look forward to rapid implementation of the agreement as international competitors are currently taking U.S. pork market share through more favorable access.”Dr. Dermot Hayes, an economist at Iowa State University, estimates exports to Japan will grow from $1.6 billion in 2018 to more than $2.2 billion over the next 15 years as a result of the United States pork industry getting market access in Japan as favorable as its competitors.U.S. pork is highly dependent on exports, shipping more than 25 percent of total production to foreign markets. Other NPPC trade priorities include ratification of the U.S.-Mexico-Canada (USMCA) agreement, which preserves zero-tariff pork trade in North America, and resolving trade disputes with China that will enable U.S. pork producers to capitalize on an unprecedented sales opportunity with the world’s largest pork-consuming nation.“The United States produces the safest, highest-quality and most affordable pork in the world,” Herring said. “It is the preference of many Japanese customers and we look forward to competing on a level playing field again.”last_img read more

How Start-Up Chile Helps Entrepreneurs and Chile Alike

first_imgRelated Posts Why IoT Apps are Eating Device Interfaces Nathan Lustig Entrepreneur and Managing Partner at Magma Partners, a seed stage investment fund with offices across Latin America, the United States, and China. The Start-Up Chile accelerator was arguably the spark that ignited Chile’s entrepreneurial ecosystem. The Chilean government, through the development agency CORFO, founded Start-Up Chile in 2010 as a way to bring in foreign entrepreneurs who would galvanize Chile’s transition into an economy built on technology and innovation. Since then, Start-Up Chile has accelerated over 1,500 startups, of which 51.1% were still operating in 2016. When it was first founded, the program was meant to “change the nation’s culture towards entrepreneurship and to position Chile as the hub of innovation for Latin America,” but its impact has significantly surpassed that goal. While economic growth was not one of the goals CORFO originally planted in 2010, Start-Up Chile companies have collectively raised US$30.5M in Chile and over US$420M abroad. Meanwhile, these startups have created at least a total of 5,162 jobs in Chile and across the globe as of 2016. Start-Up Chile set out to enact social and cultural change and to place Chile at the center of the Latin American startup ecosystem. However, measuring its success requires going beyond the economic value of the accelerator. After all, Start-Up Chile emphasizes that they want startups to get more out of the program than just the money (US$40K equity free in the Seed program). These companies receive mentorship, entrepreneurship training, and opportunities to raise capital, while also becoming part of a global network of more than 3,000 entrepreneurs worldwide. So what impact has Start-Up Chile had on a global scale? From Cabify to CargoX, the accelerator has supported some of the most successful companies that are operating in Latin America today. Many of these startups have expanded globally, raising hundreds of millions of dollars, and have dominated in their industries. One of the best ways to analyze the impact of Start-Up Chile is through their eyes, which allows us to understand how the accelerator boosted them to reach international success. Here are some of the ways Start-Up Chile has prepared tech startups to tackle the global market.Teaching founders to ignore the startup hype and create a valid MVPStatistics show that between 70%-90% of startups fail. Raising capital doesn’t seem to help, as 75% of startups that do also fail. Experts and entrepreneurs tend to attribute failure to a lack of focus on building a product that solves an actual problem and Start-Up Chile is meant to provide entrepreneurs with the time and space they need to find product market fit.Thomas Allier, the CEO and Co-Founder of Viajala, noticed that his most successful peers in Start-Up Chile in 2013 were those that were “working silently with a strong focus and without making much noise.” Few of the companies that had won unofficial ‘awards’ such as “Most-likely-to-IPO” are still operating today, said Allier. He is adamant that Start-Up Chile’s focus on building a viable MVP was the secret to their success. Beyond giving him time to focus on developing his product, Start-Up Chile taught Allier to launch early, and with the right people on board from the start. The program also made it possible for him to do so. “Start-Up Chile gave Viajala early recognition that enabled me to get the right people on our bus. We are still out there and growing five years after starting the program because we had the discipline to launch extremely early on which gave us enough time for a few iterations and a growing line of revenue.” Today, Viajala is the single largest travel metasearch company in Latin America. They process over 3.5 million travel searches each month and have already reached yearly revenues of over US$3M, all with having raised relatively little capital. Beyond the grant from Start-Up Chile, Viajala raised less than half a million dollars to date. They currently employ more than 20 people across four countries in Latin America, running Viajala out of their headquarters in Medellin, Colombia. The value of building a global networkThe Start-Up Chile network includes over 3,000 entrepreneurs from 1,500 startups across the globe. Ranked by some as fourth best startup accelerator in the world, and the best in Latin America, Start-Up Chile carries with it a sense of community that follows startups throughout their lifetimes. The Intern Group, a company that helps students access international internships, has maintained an office in Santiago since they participated in Start-Up Chile because the network and ecosystem are so strong and supportive. While The Intern Group has headquarters in London, UK, CEO and Co-Founder, David Lloyd, considers the contacts he made during the program among his closest friends and mentors. “Meeting with as many other Start-Up Chile companies in my generation as possible was key. Some of these people turned into lifelong contacts,” he comments. The network provided by Start-Up Chile has helped The Intern Group maintain a strong presence in Latin America, where they have offices in Santiago and Medellin.Since participating in the accelerator, The Intern Group has grown from a yearly revenue of less than US$10K to almost US$15M in just six years. While their first program had only ten students, The Intern Group now hosts over 2,000 students per year. Lloyd emphasizes that the money, while helpful to an early-stage startup, was the least important part of the experience. “The US$40K was great but small fry in comparison to the environment, learnings, and the network we made.”Putting Chile on the global map as an entrepreneurship hubWhen Start-Up Chile debuted in 2010, the small country gained significant publicity. Since then, the accelerator has been one of the leading factors in putting Chile at the center of the global conversation about Latin American entrepreneurship. Over 9,700 articles have been written about Start-Up Chile across 141 countries, and the program has inspired 50 government-funded accelerators worldwide, from Jamaica and Puerto Rico to Peru and South Korea. Numerous growing companies like Cabify, CargoX, Doist (creator of Todoist), Datacampfire, Slidebean, and Keyword Tool owe at least part of their success to the network, funding, and training they received from Start-Up Chile. Most importantly, many of these companies continue to operate in Chile, or at least in Latin America. Some of Start-Up Chile’s critics often point to the fact that some companies take advantage of CORFO’s generosity and leave immediately after the program. However, more than one-third of the companies that have gone through Start-Up Chile maintain an office in Chile, and a more substantial proportion continue to operate and provide services in Chile and Latin America. Chile now ranks 7th in the world for total entrepreneurial activity and accounts for 50% of the entrepreneurial activity in Latin America. Start-Up Chile has undeniably placed Chile on the map as a hub of innovation in Latin America and around the globe and has enabled the growth of many of the startups that are dominating the Latin American market today. How OKR’s Completely Transformed Our Culture Tags:#accelerators#Chile#entrepreneurship#global startups#government programs#Latin America#local government#Start-Up Chile#startups What it Takes to Build a Highly Secure FinTech … Follow the Pucklast_img read more

Meghalaya resents Punjab giving funds directly to Sikhs in Shillong

first_imgThe Meghalaya government on Monday took exception to its Punjab counterpart providing funds for the benefit of people residing in Punjabi Lane here without informing the State government.The issue was raised in the Assembly by Urban Affairs Department Minister Hamlet Dohling. He informed the House that the Punjab government had sanctioned ₹1.5 lakh for treatment of 10 Sikh widows in 2015. It had also sanctioned ₹10 lakh for the construction of the Guru Nanak School at Bara Bazar in 2016, he added. “I am surprised that the Punjab government had sanctioned funds directly to the East Khasi Hills Deputy Commissioner without informing the State government,” he said while replying to a supplementary question raised by Congress MLA from East Shillong Ampareen Lyngdoh.Shilling had witnessed large-scale violence in June last year following clashes between Sikhs living in Punjabi Lane and local tribals. NCP MLA Saleng A. Sangma attacked the government saying it reflected its irresponsible attitudelast_img read more