Hear From The Experts:
The U.S. Commercial Service Central/Southern New Jersey will host Commercial Officers from Vietnam, Thailand, Hong Kong, and Japan who will present on country and industry trade opportunities. Attendees will be able to connect with officers and key industry professionals to learn more about doing business in developed markets in Asia.
Networking and One-to-one Meetings:
As part of the event, participants will have the opportunity to network with officials. Additionally, attendees will have the opportunity to hold one-to-one meetings with Commercial Officers to learn more about each country and gain valuable insight on market conditions and opportunities for their specific products.
- Home to the largest number of U.S. subsidiaries abroad.
- Functions as the region’s services and trade hub and serves as a “gateway” market for China.
- Robust telecommunications network with over 90% broadband access and 302% mobile penetration rate, one of the highest in the world.
- Healthcare: Hong Kong’s aging population is becoming increasingly more health conscious and relies heavily on medical device imports to service its people. Hong Kong’s public and private healthcare systems present great opportunities for U.S. exporters, and can benefit from the wide use of English. Hong Kong serves as a gateway city for many U.S. exporters seeking to expand into neighboring markets.
- IT: Hong Kong maintains its status as one of the largest and most advanced “Smart Cities” in the world. As an epicenter for advanced technologies, demand for cloud computing, data centers, fin-tech, cyber security, and internet applications continue to be leading markets for Hong Kong. U.S. exporters can expect to see continued expansion of these sectors throughout the next decade.
- 3rd largest economy in the world after the U.S. & China, the 4th largest importer of U.S. products.
- Provides strong protections for intellectual and real property rights.
- Japan possesses the world’s oldest-skewing population distribution and a rapidly expanding Health IT market.
- Healthcare: Japan boasts a large Health IT market size; the oldest-skewing population distribution; a high concentration of population clustered in urban areas; and potential for real healthcare sector growth through the unveiling of The Japanese government’s “My Number System” to improve the administrative procedures for health insurance.
- IT: Japan’s comprehensive suite of modern laws, as well as privacy legislation, support and facilitate a bustling digital economy and real market for cloud computing. Further, Japan has one of the most extensive broadband fiber deployments with the largest number of fiber users in the world.
- U.S. exports of goods to Thailand are valued at $12.6 billion.
- Infrastructure spending is a noted priority for the Government of Thailand.
- Healthcare expenditure is expected to double by 2026.
- Thailand’s technology sector is expanding most rapidly through cloud computing and mobile security solutions.
- Healthcare: Thailand has a prospering medical device market that is expected to grow 8-10% annually. Medical care facilities in Thailand are equipped with advanced technologies, and patients from surrounding countries frequent to take advantage of modern medical care. Healthcare expenditure in Thailand is predicted to double by 2026 and boasts as one of the world’s top destinations for high-quality healthcare
- IT: Leading IT sectors in Thailand include cloud computing, mobile security solutions, telecommunications infrastructure, and network management. Thailand’s emerging technology sector supports its goal of becoming a digital infrastructure leader in the ASEAN region in the next year. As the 9th largest export destination for U.S. companies, Thailand is a focal point for U.S. opportunity.
- Fastest-growing middle and affluent class in the region.
- Strong long-term growth in U.S. exports and strong GDP growth for the medium term.
- Local pharmaceutical and medical device markets are expected to grow at 10% over the next five years, and growth of U.S. imports is expected to mirror this trend.
- 21 cities have announced plans to deploy smart city technologies to manage urbanization and industrialization.
- Healthcare: Medical equipment and pharmaceuticals stand to be one of the largest growing sectors in Vietnam through 2026. Medical device importers benefit from favorable duty rates, making Vietnam a hub for medical device technology and a great market for U.S. exporters. Additionally, Vietnam relies heavily on pharmaceutical imports, where the U.S. controls 55% of the market.
- IT: Vietnam’s rapidly growing telecommunications network has created demand for technologies like smart phones, internet accessibility, and cyber security. U.S. companies can tap into this lucrative market by leveraging their their advanced technologies and ability to facilitate e-commerce as a market entry strategy. U.S. exports increase 77% from 2015-2017 and continues to be a large market for U.S. companies.
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