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KOTRA presents KORUS Aero Partnering 2016

 

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KORUS Aero Partnering 2016

February 11th and 12th, Sacheon, South Korea

KOTRA will be hosting a two day conference and trade delegation in Sacheon, South Korea. This event serves as a venue for global aerospace manufacturing business leaders and Korean companies in exploring cooperative business opportunities.

At KORUS Aero Partnering 2016, top Korean aviation part suppliers will participate in this program, which will allow for opportunities to discuss their cutting-edge technologies and high-quality aviation parts. The event will offer valuable information on the Korean aviation parts industry and services, through pre-scheduled, one-on-one meetings, and in-depth business consultations. In addition, it will provide global networking opportunities with business leaders from North America.

During the morning of the first day, speakers from Korea Aviation Industry Association (KAIA), will be discussing the current status of the Korean aircraft parts industry and its involvement in global trade. Following the presentation from KAIA, representatives from KOTRA will be discussing the USA aircraft parts market. Wrapping up the morning session, Vince Howie, from the Oklahoma Department of Commerce, is delivering a presentation regarding the US MRO market. During the afternoon session, North American aviation companies will be explaining their individual purchasing policies.

The entirety of the second day will contain one-on-one trade delegations between the US companies and Korean companies to further discuss building business relationships between the two.

With approximately 50 Korean companies in attendance, this event is a premier gateway for building bilateral trade and lasting partnerships. For more information and if interested in attending, please email or call Benjamin Brand from the NYC KOTRA office at benbrand.kotra@gmail.com 646-918-5854.

 

Korea Trade Investment Promotion Agency, otherwise known as KOTRA, operates under South Korea’s Ministry of Trade, Industry & Energy (MOTIE), as the national trade and investment promotion organization.  KOTRA is a non-profit agency that promotes and facilitates bilateral business relationships between Korea and the world since its foundation in 1962.

MARPA Wins Department of Commerce Grant to Expand Export of PMA!

MARPA is proud to announce that it is the recipient of a $300,000 matching grant from the Department of Commerce International Trade Administration Market Development Cooperator Program!  MARPA was one of eight recipients of funding under the Market Development Cooperator Program (MDCP), which is intended to help organizations boost exports and create U.S. jobs.  With the receipt of this assistance, MARPA plans to implement a number of initiatives to help grow the international PMA market and most importantly help our members grow their businesses by exporting more PMA parts!

The first of these initiatives will be to establish a European MARPA Conference, similar to the MARPA Annual Conference held in Las Vegas. Our current target is for the inaugural MARPA Europe conference to occur in May 2015, in Istanbul, Turkey.  The primary goal of MARPA Europe will be to bring together PMA manufacturers (our members) and customers from both Europe and the Middle East.  Air carriers reliably account for 25% of our Las Vegas attendees, and we expect to meet or exceed that rate at MARPA Europe.

Another initiative will be to lead educational missions to regions that present an opportunity for expanded PMA penetration. These include Japan, China, Southeast Asia, and the Middle East.  MARPA will lead technical and regulatory seminars explaining the benefits of PMA and the way PMAs fit within the regulatory framework of the various countries we visit.  MARPA also plans to attend regional MRO shows and other trade shows to educate the global aviation industry about the benefits of PMA.

Finally, MARPA will work with our partners and air carrier contacts to continue to bring more air carriers to both the MARPA Annual Conference in Las Vegas as well as MARPA Europe.  The significant and growing attendance by air carriers at MARPA’s conferences make them the premiere events for PMA manufacturers to meet and network with air carriers in an intimate setting.

Of course nothing in life is free!  One very important element of MARPA’s participation is the MDCP program will be measuring the effects our efforts have on growing the export PMA market.  In a previous post we explained that MARPA would begin collecting export data from our members to get a better idea of the global PMA market share and identify to what market PMAs were being sold and where opportunities lay.  As a part of our commitment to the Commerce Department, MARPA will track and measure the increases in exports reported by our members.  This will be an important part of the next three years, as MARPA works closely with the Commerce Department to grow exports of PMA.  MARPA will also need the help of its members to collect and report accurate data to measure the effects of our initiatives.  We will be working with our members to help them increase their exposure to foreign markets and increase their exports in order to optimize the return on the Commerce Department’s investment as well as to develop accurate PMA export data.

Fred Elliot from the Department of Commerce and Ryan Aggergaard from MARPA will be on hand at the MARPA 2014 Annual Conference in Las Vegas to discuss some of MARPA’s planned initiatives and the requirements related to the award of the MDCP grant, as well as to answer member questions on how they can benefit from MARPA’s new programs.  We look forward to seeing you there!

How Might REACH (European Environmental Regulations) Affect Your Business?

The U.S. Commerce Department will hold a webinar on November 29 to discuss the effect of European Evironmental Regulations on  U.S. Aerospace companies.

The European Union has a regulation called the REACH regulation.  REACH stands for Registration, Evaluation, Authorisation & restriction of CHemicals.

REACH imposes certain obligations on companies that manufacture certain chemicals in Europe, and on companies that import certain chemicals into Europe.  Under REACH, the continued marketing of substances of Very High Concern (SVHCs) requires an authorization. Businesses active in the aerospace marketplace use a number of substances that are being considered for SVHC classification, and unauthorized import into Europe of such substances could violate REACH.

For more information, see the notice on the Commerce Department website.

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