Federal Register / Vol. 79, No. 223 / Wednesday, November 19, 2014 / Notices 68863 

FR 24674, May 1, 2014, for the India 

Ports and Marine Technology Trade 

Mission to India, are amended as 

follows: 

• The fee for the optional stop to 

Vizag will be $700 per participant for 

the first representative and $200 for any 

additional representative, provided 

there are a number of 5 participants 

traveling to Vizag. 

FOR FURTHER INFORMATION CONTACT: 

Hector Rodriguez, 

Office of Industry and Analysis, 

Trade Promotion Programs, 

Phone: 202–482–0629; Fax: 202–482– 

9000, 

Email: Hector.Rodriguez@trade.gov. 

Frank Spector, 

Acting Director—Trade Missions. 

[FR Doc. 2014–27401 Filed 11–18–14; 8:45 am] 

BILLING CODE 3510–DR–P 

DEPARTMENT OF COMMERCE 

International Trade Administration 

Automotive Trade Mission to Bogota, 

Colombia and Lima, Peru, April 26–30, 

2015 

AGENCY: International Trade 

Administration, Department of 

Commerce. 

ACTION: Notice. 

Mission Description 

The Commerce Department’s 

International Trade Administration 

(ITA) and the U.S. Commercial Service 

(USCS) posts in Bogota, Colombia and 

Lima, Peru will organize a Business 

Development Mission April 26–30, 

2015. 

The Business Development Mission 

supports the federal government’s Look 

South Initiative, which encourages U.S. 

companies to explore opportunities in 

the United States’ eleven Free Trade 

Agreement Partner (FTA) countries in 

Latin America. Automotive parts and 

services are in high demand in these 

high-growth and market-liberalizing 

countries. Export.gov/LookSouth 

includes ‘‘Best Prospect’’ market 

snapshots on automotive parts and 

services across eight FTA countries. 

The Business Development Mission 

will include representatives from a 

variety of U.S. automotive 

manufacturing companies, service 

providers and associations/ 

organizations. These mission 

participants will be introduced to 

international agents, distributors and 

end-users whose capabilities are 

targeted to each U.S. participants’ needs 

in that particular market. Mission 

participants will also meet with key 

local industry contacts that can advise 

on local market conditions and 

opportunities. In addition to the abovementioned services, the U.S. 

Commercial Service industry specialists 

will be on hand to discuss market trends 

and opportunities in Colombia and 

Peru. 

Commercial Setting 

The Republic of Colombia is the third 

largest economy in Latin America and 

has the third largest population with 

approximately 46 million inhabitants. 

Aided by major security improvements, 

steady economic growth, and moderate 

inflation, Colombia has become a free 

market economy with major commercial 

and investment ties to the United States, 

Europe, Asia and the rest of Latin 

America. Since the implementation of 

the U.S.-Colombia Free Trade 

Agreement (FTA) on May 15, 2012, U.S. 

exports to Colombia have increased over 

twenty percent. The past ten years have 

brought extraordinary change to the 

country in terms of economic 

development due to improvements in 

the national safety and security 

situation. Strong political stability, a 

growing middle class (35.3 percent of 

the population), and improved security 

have created an economic boom in 

Colombia that, coupled with the 

government’s conservative fiscal 

policies, lessened the impact of the 

global economic crisis. Key economic 

indicators demonstrating the positive 

long-term effect of Colombia’s political 

and economic policies include: GDP 

growth of 4.3 percent in 2013; and 

foreign direct investment of US$ 16.8 

billion in 2013, a record for Colombia, 

which is an increase over the previous 

record of US$ 15.3 billion in 2012. 

These are all signs of a strong and 

growing economy. 

Due to Colombia’s close ties to the 

United States and Colombians’ 

appreciation for the quality and 

reliability of U.S products, consumers in 

Colombia often favor U.S. products and 

services over those of our foreign 

competitors. Colombia is a major player 

in the regional automotive market. At 

the beginning of 2013 there were 9.3 

million vehicle units in the country, 

according to data from the Ministry of 

Transportation. According to research 

conducted by the multinational banking 

group BBVA in 2013, Colombia’s 

vehicle stock will increase by 3.5 

million between 2010 and 2020. The 

same study establishes that the 

automotive sector contributes to 4 

percent of the country’s GDP and 

employs about 3.2 percent of the 

country’s population. Colombia 

currently ranks as the third largest 

automobile manufacturer in Latin 

America. In addition, after Brazil, 

Colombia is the second largest 

motorcycle producer in the region, with 

an annual output of 515,000 

motorcycles. A number of international 

auto manufacturers currently produce 

vehicles in Colombia. 68 brands and 267 

models are found in the market. The 

high import percentage represents good 

opportunities for all imported parts and 

accessories, especially those from the 

United States, which are very well 

known and regarded nationwide. The 

average lifespan of a vehicle in 

Colombia is fifteen years. Due to this, 

there are significant opportunities for 

replacement parts. In addition, with the 

implementation of the FTA, tariffs for 

most auto parts made in the United 

States have been reduced from thirteen 

to zero percent. 

Peru continues to be one of the fastest 

growing Latin American economies in 

the past eleven years, while keeping low 

inflation, as the International Monetary 

Fund noted in January 2014. The steady 

economic growth began with the promarket policies enacted by President 

Fujimori in the 1990s. All subsequent 

governments have continued these 

policies, including the current 

administration inaugurated in July 2011 

for a five-year term. 

Although growth slowed down in the 

last three years, the Peruvian economy 

has grown at an average of 6.3% per 

year since 2002, reaching a $207 billion 

GDP in 2013. The trend is expected to 

continue with a projected GDP growth 

of 5.2% in 2014 and 5.7% to 6.0% in 

2015. Private investment and 

consumption are anticipated to be the 

main driving forces of this growth. 

Projections for 2014 are that gross fixed 

investment growth will exceed 7% in 

real terms to reach US$55.3 billion. 

Public investment is increasingly 

important as in 2013 it was $11.6 billion 

(5.3% of GDP), while in 2001 it was $1.7 

billion (3.1% of GDP). The Ministry of 

Economy and Finance (MEF) foresees 

that public investment will increase 

17% in dollar terms to US$13.4 billion. 

As the economy has grown, poverty in 

Peru has steadily decreased, to 23.9% in 

2013. In its November 2012 Peru 

Handbook, HSBC states that Peru is ‘‘the 

third-fastest growing consumer market 

globally, and set to be a bigger economy 

than Chile, Colombia, or even South 

Africa in the long term’’. 

The Peruvian Government has 

encouraged integration with the global 

economy by signing a number of free 

trade agreements, including the United 

States-Peru Trade Promotion Agreement 

(PTPA), which entered into force in 

mstockstill on DSK4VPTVN1PROD with NOTICES

68864 Federal Register / Vol. 79, No. 223 / Wednesday, November 19, 2014 / Notices 

*An SME is defined as a firm with 500 or fewer 

employees or that otherwise qualifies as a small 

business under SBA regulations (see http:// 

www.sba.gov/services/contractingo opportunities/ 

sizestandardstopics/index.html). Parent companies, 

affiliates, and subsidiaries will be considered when 

determining business size. The dual pricing 

schedule reflects the Commercial Service’s user fee 

schedule that became effective May 1, 2008 (for 

additional information see http://www.export.gov/ 

newsletter/march2008/initiatives.html). 

2009. The strong economic growth in 

Peru has increased consumer buying 

power in the country and, as a result, 

the demand for automobiles. The 

establishment of free trade agreements 

and reduction on tariffs increased the 

automobile industry demand, which 

also boosted the demand for more auto 

parts. 

The auto parts industry grew 4.5 

percent from 2012 to 2013—a total of 

over US$1.5 billion—with tires being 

the main import item for both light and 

heavy vehicles, followed by the 

segments for lubricants, engine parts, 

filters, transmission systems and body 

parts. The United States is a major 

exporter of auto parts to Peru, though 

increasing exports from Asian countries, 

particularly China, provide for a high 

level of competition. U.S. products are 

widely accepted and understood to be of 

high quality. Marketing strategies 

should emphasize product’s quality and 

valuable post-sale service provisions. 

Furthermore, formal and personal 

connections should be formed with 

potential partners in Peru to foster trust 

in the agreement. Peru’s automobile 

market has ample space to grow, as the 

number of cars is small compared with 

other countries in the region with 

similar income levels. Furthermore, the 

higher average age of vehicles creates a 

context which is envisioned to 

encourage vehicle renewal. 

Companies that intend to export 

Aftermarket Parts & Accessories; 

Chemicals and Lubricants; Parts and 

Components; Mobile Electronics and 

Components; Tools and Testing 

Equipment; and Services Consulting 

possess great potential for success. 

Other companies will be considered as 

well based on their market potential in 

both countries. 

Mission Goals 

The goal of the Automotive Trade 

Mission is to facilitate an effective 

presence for small and medium sized 

companies to export to companies in 

Colombia and Peru. The mission will 

enable U.S. companies and associations/ 

organizations to familiarize themselves 

with these important markets, to 

conduct market research, and to explore 

export opportunities through prearranged meetings with potential 

partners. The companies and 

associations/organizations will be able 

to network with government and 

industry professionals, providing them 

with an enhanced image and level of 

engagement. Knowledgeable 

Commercial Service Specialists who are 

familiar with the firms’ objectives will 

support the mission participants. 

Proposed Timetable 

Day of week Date Activity 

Sunday ......................................................... April 26, Bogota, Colombia ........................................... Arrive in Bogota, Colombia. 

Monday ......................................................... April 27, Bogota, Colombia ........................................... Business Breakfast Briefing. 

One-on-One Business Meetings. 

Luncheon. 

Evening Welcome Reception. 

Tuesday ........................................................ April 28, Bogota, Colombia ........................................... One-on-One Business Meetings. 

or Follow-up meetings or site visits. 

Travel to and arrival in Lima, Peru. 

Wednesday .................................................. April 29, Lima, Peru ...................................................... Business Breakfast Briefing. 

One-on-One Business Meetings. 

Luncheon. 

Evening Welcome Reception. 

Thursday ...................................................... April 30, Lima, Peru ...................................................... One-on-One Business Meetings. 

Follow-up meetings or site visits. 

Thursday/Friday ........................................... April 30/May 1, Lima, Peru ........................................... Check out hotel. 

Return to the United States. 

Participation Requirements 

All persons and associations/ 

organizations interested in participating 

in the Automotive Trade Mission to 

Colombia and Peru must complete and 

submit an application package for 

consideration by the Department of 

Commerce. All applicants will be 

evaluated on their ability to meet certain 

conditions and best satisfy the selection 

criteria as outlined below. Target 

recruitment for the Trade Mission is 

minimum 12 and maximum 20 

companies. After an applicant has been 

selected to participate in the mission, a 

payment to the Department of 

Commerce in the form of a participation 

fee is required. Upon notification of 

acceptance to participate, those selected 

have 5 business days to submit payment 

or the acceptance may be revoked. 

Fees and Expenses 

SME Participation Fee $3,124 

Large Company Participation Fee

$4,477 

Participation fee for third company 

representative $500 

Conditions for Participation 

An applicant must submit a 

completed and signed mission 

application and supplemental 

application materials, including 

adequate information on the company’s 

products and/or services, primary 

market objectives, and goals for 

participation. If the U.S. Department of 

Commerce receives an incomplete 

application, the Department may reject 

the application, request additional 

information, or take the lack of 

information into account when 

evaluating the applications. 

A company’s products or services 

must be either produced in the United 

States or, if not, marketed under the 

name of a U.S. firm and have at least 

51% U.S. content of the value of the 

finished product/service. 

Criteria for Participant Selection: 

Each applicant to the program will be 

screened for the following: 

• Relevance of the company’s or 

association’s/organization’s business 

line to the mission’s goals. 

• Timeliness of company’s or 

association’s/organization’s signed 

application. 

• Timely and adequate provision of 

company and product/service 

information and literature, in order to 

enable communication of company’s 

objectives and scheduling of business 

appointments. 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 79, No. 223 / Wednesday, November 19, 2014 / Notices 68865 

• Provision of adequate information 

on company’s or association’s/ 

organization’s products and/or services, 

and primary market objectives, in order 

to facilitate appropriate matching with 

potential business partners. 

Referrals from political organizations 

and any documents containing 

references to partisan political activities 

(including political contributions) will 

be removed from an applicant’s 

submission and not considered during 

the selection process. 

Expenses for lodging, some meals, 

incidentals, and travel (except for 

transportation to and from airport) will 

be the responsibility of each mission 

participant. 

Timeframe for Recruitment and 

Applications 

Recruitment for the mission is to 

begin immediately and conclude no 

later than March 1, 2015. The U.S. 

Department of Commerce will review all 

applications immediately after the 

deadline. We will inform applicants of 

selection decisions as soon as possible 

after March 1, 2015. Applications 

received after that date will be 

considered only if space and scheduling 

constraints permit. 

ITA Trade Specialists will promote 

the Trade Mission. This promotion will 

take place nation-wide and will largely 

be handled by the Global Automotive 

Team. Those interested in the mission 

will apply to the program, and once 

accepted will work with the mission 

leader(s) to develop their business goals 

in Colombia and Peru. If the 

participation fee is not paid within the 

designated timeframe, the offer to 

participate on the mission may be 

withdrawn. 

U.S. Export Assistance Center trade 

specialists and particularly members of 

the Global Automotive Team will 

recruit and counsel prospective 

participants for the trade mission. 

Company information and literature 

will be forwarded by the companies to 

CS Bogota and CS Lima. The two offices 

will then begin the partner search, and 

will provide management and logistical 

coordination of the program. 

Mission recruitment will be 

conducted in an open and public 

manner, including publication in the 

Federal Register, posting on the 

Commerce Department trade missions 

calendar—http://www.ita.doc.gov/ 

doctm/tmcal.html—and other Internet 

Web sites, publication in domestic trade 

publications and association 

newsletters, mailings from internal 

mailing lists, emails to internal database 

of clients, email to sector distribution 

lists, through posting in the Federal 

Register, and at industry meetings, 

symposia, conferences, trade shows, etc. 

The Trade Mission will also be 

promoted by USCS and by team 

members of the Global Automotive 

Team. 

Contacts 

Lesa Forbes 

Miami U.S. Export Assistance Center, 

5835 Blue Lagoon Drive, Suite 203, 

Miami, FL 33126, Tel: (305) 526–7425 

ext 28, Fax: (305) 526–7434, Email: 

Lesa.Forbes@mail.doc.gov. 

U.S. Commercial Service in Peru: 

Rachel Kreissl, Commercial Officer, 

Gustavo Romero, Commercial 

Specialist, Avenida La Encalada 

Cuadro 17 s/n, Monterrico, Surco, 

Lima 33, Peru, Tel: 011 511–434– 

3040, Fax: 011 511–434–3041, Email: 

Rachel.Kreissl@Trade.Gov, 

Gustavo.Romero@Trade.Gov. 

U.S. Commercial Service in Columbia: 

Jeff Hamilton, Commercial Officer, 

Norcia Ward-Marin, Commercial 

Specialist, American Embassy, 

Carrera 45, No 24B–27, Bogota, D.C. 

Colombia, Tel. 011 571–275–2519, 

Fax 011 571–275–4575, Email: 

Jeff.Hamilton@Trade.Gov, 

Norcia.WardMarin@Trade.Gov. 

Frank Spector, 

Acting Director—Trade Missions. 

[FR Doc. 2014–27399 Filed 11–18–14; 8:45 am] 

BILLING CODE 3510–DR–P 

DEPARTMENT OF COMMERCE 

International Trade Administration 

Trade Mission to Angola, Ethiopia, 

Ghana, Kenya, Mozambique, Nigeria, 

South Africa and Tanzania in 

Conjunction With Trade Winds—SubSahara Africa, September 14–21, 2015 

AGENCY: International Trade 

Administration, Department of 

Commerce. 

ACTION: Notice. 

Mission Description 

The United States Department of 

Commerce, International Trade 

Administration is organizing a trade 

mission to Angola, Ethiopia, Ghana, 

Kenya, Mozambique, Nigeria, South 

Africa and Tanzania that will include 

the Trade Winds—Sub-Sahara Africa 

business forum in Johannesburg, South 

Africa on September 16–18, 2015. U.S. 

trade mission members will participate 

in the Trade Winds—Sub-Sahara Africa 

business forum in Johannesburg, South 

Africa, which is also open to U.S. 

companies not participating in the trade 

mission. Trade mission participants 

may also choose to participate in their 

choice of trade mission stops based on 

recommendations from the USFCS, 

including in Angola, Ethiopia, Ghana, 

Kenya, Mozambique, Nigeria, South 

Africa and Tanzania. Each trade mission 

stop will include one-on-one business 

appointments with pre-screened 

potential buyers, agents, distributors or 

joint-venture partners. Trade mission 

participants participating in the Trade 

Winds—Sub-Sahara Africa business 

forum may attend regional and industryspecific sessions and consultations with 

USFCS Senior Commercial Officers and 

other government officials representing 

the Sub-Sahara Africa region during the 

business forum in Johannesburg, South 

Africa on September 16–18, 2015. 

This mission is open to U.S. 

companies and trade associations from 

a cross-section of industries with growth 

potential in Angola, Ethiopia, Ghana, 

Kenya, Mozambique, Nigeria, South 

Africa and Tanzania, including, but not 

limited to the following industries: 

Power generation, transmission and 

distribution technology and equipment; 

oil and gas equipment and technology; 

mining and construction equipment; 

building products; agricultural 

equipment and technology; information 

communications technology and 

equipment; healthcare and medical 

products, equipment, and services; rail, 

air and port technology, products and 

services; environmental technologies; 

consumer products; and safety and 

security products and services. 

Commercial Setting 

Sub-Saharan Africa Economic Outlook 

Africa is the world’s fastest growing 

continent, with excellent ground-level 

business opportunities for U.S. 

exporters across an array of sectors. 

Macroeconomic indicators continue to 

strengthen, as poverty declines and 

education and health outcomes 

continue to improve. Economic growth 

on the sub-continent is now projected to 

rise from 4.9% in 2013 to about 5.5% 

this year. In fact, robust economic 

activity, underpinned by large 

investments in infrastructure and 

mining and an expanding agricultural 

segment, continues in all three subregions of East Africa, West Africa and 

Southern Africa. Foreign investment has 

now fully recovered from the effects of 

the global crisis, and will reach a record 

US$80 billion in 2014, with 

manufacturing and services (vice oil and 

gas) attracting an increasing share of the 

continent’s greenfield-investment 

projects. An increasing number of U.S. 

multi-national companies have recently 

mstockstill on DSK4VPTVN1PROD with NOTICES