FDI & Trade

International Trade Offices

Whether you are an Oklahoma company that needs to promote your products and services in another country or a company outside the United States looking for high-return investment opportunities, Oklahoma’s International Trade Offices can help.

Strategically located throughout the world – Israel, China, and Mexico – the Oklahoma Department of Commerce international trade directors are your advocates for global trade opportunities. Each office is charged with providing the following services:

Export Promotion

The Oklahoma International Trade Directors learn the exporting capabilities of individual Oklahoma companies and help them prepare to enter new markets or sell new products to known markets. The international trade directors work with foreign buyers in search of products and with Oklahoma sellers in search of foreign customers. They provide counseling on a variety of export issues, such as tariff and non-tariff trade barriers, financing, regulations, policies and standards, competitive factors, contracts and distribution practices. They support Oklahoma companies at international trade shows, directly representing companies, helping to build cross-country business relationships, and developing and tracking trade leads.

Foreign Investment Attraction

Foreign companies have invested more than $1 trillion in the United States. Oklahoma is a great location for foreign corporations and for private investors looking for a place to expand their operations in the United States. Capitalizing on the expertise of the business recruiting team at the Department of Commerce, Oklahoma’s international trade directors provide potential investors with information on communities, buildings and labor pool availability, financing and economic data, taxes and business incentives.

China

China is Oklahoma’s fourth largest exporting market and remains the U.S.‘s second largest trading partner after Canada. In 2010, Oklahoma exported $243 million dollars worth of products to China.

China’s growth of imports from the United States in many key sectors, such as energy, chemicals, transportation, medical equipment, construction, machinery and a range of services, suggests that China will remain an important and viable market for a wide range of products and services. With growing numbers of Chinese traveling abroad for education and leisure purposes, China’s contribution to U.S. educational institutions and the tourism industry is increasingly important as well.

Leading Sectors for U.S. Export and Investment:

  • Education and Training
  • Marine Industries
  • Air Pollution
  • Green Building
  • Renewable Energy – Solar and Wind
  • Safety/ Security
  • Aviation Market
  • Automotive Components Market
  • Healthcare Market
  • Travel and Tourism Sector
  • Agricultural Sectors

China offers tremendous market opportunities, as well as serious challenges to Oklahoma companies, including intimidating business culture, practice, language barriers, IPR and regulatory issues. In-country representation is essential to the ability of Global Business Services to provide value-added services to Oklahoma companies.

Israel

The U.S. is Israel’s largest single country trade partner. Since signing a Free Trade Agreement in 1985, Israel-US trade has grown eight-fold. While Israel is not a top ten exporting market for Oklahoma, it still represents an on growing revenue stream; in 2010 Oklahoma’s exports to Israel totaled $16.8 million.

Hi-tech and defense dominate Israel’s trade numbers, as the country remains a global center for hi-tech design and R&D. Hi-tech continues to provide opportunities for U.S.-Israel commercial partnerships, specifically in ICT technologies, safety and security equipment and services, Trade Action Plan natural gas and renewable energy technologies, defense equipment, medical technologies and biotechnology products. Power generation and education/training also represent other good opportunities. Oklahoma has also benefited from Israel’s agricultural sectors, specifically with respect to irrigation systems and technology.

Leading Sectors for U.S. Export and Investment:

  • Electricity & Gas Equipment
  • Defense Equipment (Includes Aerospace/UAS)
  • Medical Instruments & Disposables
  • Industrial Chemicals
  • Telecom Equipment

The Commerce Israel-based trade office is a gateway to business opportunities throughout the Eastern Mediterranean, including the United Arab Emirates – a major regional trade hub. The office is also well positioned to assist companies in Jordan, Turkey, Oman, and other parts of the region. The Israel Trade office is funded not only by Commerce but also by the Oklahoma Israel Exchange (OKIE). OKIE Mission – the Oklahoma Israel Exchange is to foster enhanced cooperation between the state of Israel and the state of Oklahoma in culture, arts, education, agriculture, commerce and economic development

Mexico

Mexico is Oklahoma’s second largest export destination, the third largest trading partner of the United States and represents the second largest export market of U.S. products and services.

Mexico’s trade regime is among the most open in the world, with free trade agreements with the U.S., Canada, the EU, and many other countries. Mexico is a logical destination for many first-time exporters due to its geographical proximity to the U.S. and the relative ease of conducting business.

Abundant market opportunities for U.S. firms exist in Mexico; trade totals more than $1 billion a day between the two countries. Mexico’s geographic proximity to the United States has propelled the maquiladora industry near the U.S.-Mexico border and currently gives U.S. businesses an alternative for Asia-base manufacturing and opportunities to sell into the supply chain.

Oklahoma’s International office in Mexico has been very successful in opening industry-focused opportunities for export-ready Oklahoma’s oil and gas companies with Mexico’s national petroleum company PEMEX, as well as in the country’s newly-privatized aviation sector, which offers growing opportunities for suppliers of aircraft parts, maintenance, repair, and overhaul companies, and airport construction and operation companies.

Leading Sectors for U.S. Export and Investment:

  • Agribusiness
  • Automotive Parts and Supplies
  • Education and Training Services
  • Energy Sector
  • Environmental Sector
  • Franchising Sector
  • Housing and Construction
  • Internet and IT Services
  • IT Health Care
  • Packaging Equipment
  • Trade Action Plan FY2012 4 Plastic Materials/Resins
  • Security and Safety Equipment and Services
  • Telecommunications Equipment
  • Transportation Infrastructure
  • Travel and Tourism Services