BABC Investment News April 2013 1. Economic Indicators:
UK / London US / NY
2. Investment Indicators:
UK / US
3. New Investments:
US Investments into UK UK Investments into US
4. BAB Investment Guides
British American Trade & Investment American British Trade & Investment
5. Trade Shows:
UK US
1. ECONOMIC INDICATORS UK
UK Gross Domestic Product (GDP) in volume terms decreased by 0.3% in 2012 Q4, unrevised from the previously published estimate.
CPI annual inflation was 2.8% in February, up from 2.7% in January.
Service sector output was estimated to have increased by 0.8% in January 2013 compared with January 2012.
Production output fell by 2.9% in January 2013 compared with January 2012.
Manufacturing output fell by 3% in January 2013, compared with January 2012.
In the year to February 2013 the output price index for home sales of manufactured products rose 2.3%. In the same period the total input price index rose by 2.5%.
The total volume of construction output fell by 6.3% comparing January 2013 with December 2012, in constant prices, not seasonally adjusted.
The employment rate for those aged from 16 to 64 for November 2012 to January 2013 was 71.5%, up 0.3 percentage points from August to October 2012. There were 29.73 million people in employment aged 16 and over, up 131,000 from August to October 2012. The unemployment rate for November 2012 to January 2013 was 7.8% of the
economically active population, unchanged from August to October 2012. There were 2.52 million unemployed people, up 7,000 from August to October 2012.
Between November 2012 to January 2013 total pay and regular pay rose by 1.2%.
In February 2013 the quantity of goods bought (volume) in the retail sector was estimated to have increased by 2.6% when compared with February 2012. Over the same period the amount spent (value) in the retail sector also increased by 2.6%. The price of goods sold in the retail sector (as measured by the implied price deflator) increased by 0.7%.
In Q4, 2012, Business investment in seasonally adjusted terms decreased by 0.8% when compared with the previous quarter to £30.9 billion.
Public Sector Net Borrowing in February 2013 was £2.8 billion, £9 billion lower net borrowing than in February 2012.
The UK’s deficit on seasonally adjusted trade in goods and services was £2.4 billion in January 2013. The deficit on trade in goods was £8.2 billion. The surplus on trade in services was estimated at £5.8 billion.
There was a current account deficit of £14 billion in Q4 2012, down from a revised deficit of £15 billion (originally published as a deficit of £12.8 billion) in the previous quarter. In 2012, the UK’s current account deficit was £57.7 billion.
The number of visits to the UK by overseas residents in January 2013 was 2.2 million, 1% lower than the number in January 2012. During the period November 2012 to January 2013, overseas residents made 7% more visits to the UK than in the corresponding period a year earlier and they spent 8% more on these visits. In the 12 months to January 2013 the number of visits to the UK rose 1% from a year earlier and earnings grew by 4%.
The number of visits abroad by UK residents in January 2013 was 3.4 million, 6% higher than in January 2012. During the period November 2012 to January 2013, UK residents made 2% more visits abroad than in the corresponding period a year earlier, and spent 2% more on these visits. In the 12 months to January 2013 the number of visits abroad by UK residents was unchanged in percentage terms from a year earlier, and expenditure on these visits grew by 3%.
For previously released UK economic indicators visit National Statistics http://www.ons.gov.uk/ons/index.html LONDON
London’s annual growth in output decreased to 0.1% in Q3 2012 from an upwardly revised 1.5% in Q2 2012.
London’s annual employment growth increased to 3% in Q3 2012 from 2.6% in Q2 2012.
Annual house price inflation in London was 4.9% in Q4 2012, down from 5.7% in Q3 2012.
The percentage of the resident working age population who are unemployed and claiming Jobseekers’ Allowance in London was 3.9% in February 2013. There were 220,800 seasonally adjusted unemployment claimants in London in February 2013 compared to an upwardly revised 221,300 in January 2013.
The Purchasing Managers’ Index (PMI) of business activity recorded 50.8 in February 2013 compared to 52.3 in January 2013.
The PMI for new orders for London firms recorded 52.8 in February 2013 compared to 53.9 in January 2013.
The PMI for the level of employment in London firms was 51.9 in February 2013 compared to 51.1 in January 2013.
The RICS survey shows a positive net balance of 38 for London house prices over the three months to February 2013.
The net house price expectations balance in London was 43 in February 2013.
8.3 million passengers traveled through London’s airports in February 2013.
In the most recent 28 day period, (from 6 January 2013 to 2 February 2013) London’s underground and buses had 268.6 million passenger journeys; 178.8 million by bus and 89.8 million by Underground.
The moving average annual rate of growth in passenger journeys decreased to 2% from a downwardly revised 0.8% in the previous period.
US
Real GDP increased at an annual rate of 0.4% in Q4 2012. Corporate profits increased $45.4 billion in Q4, compared with $45.7 billion in Q3 2012. GDP grew 2.2% for 2012 overall, compared with an increase of 1.8% in 2011.
In February 2013, personal income increased $143.2 billion, or 1.1%, disposable personal income (DPI) increased $127.8 billion, or 1.1%, and personal consumption expenditures (PCE) increased $77.2 billion, or 0.7%.
The US current account deficit decreased to $110.4 billion, or 2.8% of GDP in Q4 2012, from $112.4 billion or 2.8% of GDP in Q3 2012. For the full year 2012, the current account deficit was $475 billion or 3% of GDP, up from $465.9 billion or 3.1% of GDP in 2011.
The January 2013 international trade deficit increased 16.5% from December 2012, to $44.4 billion. Exports fell 1.2%, to $184.5 billion, and imports rose 1.8%, to $228.9 billion.
Real spending on travel and tourism turned up in Q4 2012, increasing at an annual rate of 1.8% after decreasing 0.7% (revised) in Q3. For the year, real spending on travel and tourism increased 2.7% in 2012 after increasing 3.2% in 2011.
For previously released US economic indicators visit US Bureau of Economic Analysis (BEA) http://www.bea.gov/index.htm NY
Private Employment rose by 21,600 in January 2013 after an increase of 11,900 jobs in December 2012. (Source: New York State Dept. of Labor)
The unemployment rate rose to 9.1% in January 2013 from 8.8% in December 2012. (Source: New York State Dept. of Labor)
The Manhattan hotel occupancy rate in January 2013 was 77.3%, up from 71.9% in January 2012. (Source: New York State Dept. of Labor)
The Manhattan Class A office vacancy rate was 7.7% in February 2013, while the average asking rent was $70 PSF. (Source: New York State Dept. of Labor)
Passengers in NYC area airports totaled 8.9 million in December 2012, up 3.7% from December 2011. (Source: New York State Dept. of Labor)
In February 2013, the Manhattan Class A direct vacancy rate fell to 7.7% while the average rental rate remained at $70 PSF, respectively. (Source: Cushman and Wakefield)
In the same month, the Midtown Class A direct vacancy rate fell to 8.5% and the rental rate
remained at $75 PSF. (Source: Cushman and Wakefield)
The Manhattan Class A sublease vacancy rate fell from 2.1% in January to 2% in February. (Source: Cushman and Wakefield)
For the twelve months ending January 2013: Building projects (including new, additions and alterations) that started construction in NYC fell by 9.4% and infrastructure (nonbuilding) project starts rose by 6.9% from the twelve months ending January 2012. (Source: McGraw Hill Construction)
Planned space for building project starts rose by 16.9% from the same period in 2012. (Source: McGraw Hill Construction)
2,395 residential building projects started construction, a decrease of 4.8% from the twelve months ending in January 2012. These starts contained 12,806 housing units, an increase of 10.3% over the same period.( McGraw Hill Construction)
Total Broadway attendance was approximately 731,590 during the four weeks ending March 3, 2013, down 6.7% from the same period last year. (Source: The Broadway League)
Broadway revenue during this period was about $69.6 million, down 2% from last year. (Source: The Broadway League)
In December 2012, 8.9 million passengers flew into and out of the region's airports, an increase of 3.7% from December 2011. (Source: Port Authority of New York and New Jersey)
Domestic air carriers accounted for 5.9 million passengers, a 3.7% increase from December 2011. (Source: Port Authority of New York and New Jersey)
3 million passengers traveled with international air carriers in December 2012, a 3.7% increase from December 2011. (Source: Port Authority of New York and New Jersey)
In January 2013, the average daily hotel room rate was $218, a 4.3% increase from January 2012. (Source: PKF Consulting)
Hotel occupancy was 77.3% in January 2013, up from 71.9% in January 2012. (Source: PKF Consulting)
The average daily hotel room rate increased the most in the highest-price hotels (charging over $300 per night). (Source: PKF Consulting)
Total ridership on MTA subways, trains and buses in January 2013 was 216.7 million, an increase of 3.4% from January 2012. (Source: Metropolitan Transportation Authority)
Subway ridership in January 2013 was 137 million, an increase of 3.1% from January 2012. (Source: Metropolitan Transportation Authority)
2. INVESTMENT INDICATORS UK Investment Position: Q4 2012 The surplus on direct investment income was £10.9 billion in Q4 2012, up from £9 billion in the previous quarter. Portfolio investment income recorded a deficit of £5.5 billion in Q4 2012, following a deficit of £6.4 billion in the previous quarter. UK earnings on portfolio investment abroad increased by £0.1 billion. Foreign earnings on portfolio investment in the UK decreased by £0.7 billion. The deficit on earnings from other investment decreased by £0.9 billion to £3.3 billion in the latest quarter. Earnings from other investment abroad fell by £0.4 billion to £7 billion, while earnings on
other investment in the UK decreased by £1.2 billion to £10.3 billion. The financial account showed a net inflow (i.e. inward investment) of £19.2 billion in Q4 2012, compared with a net inflow of £6.3 billion in the previous quarter. UK investment abroad showed a switch from £22.4 billion investment (outflow) to disinvestment (inflow) of £65.9 billion in the latest quarter. Investment in the UK switched from investment of £28.7 billion in Q3 to disinvestment of £46.7 billion in the latest quarter. Direct investment recorded a net inflow (i.e. inward investment) of £4 billion in Q4 2012, a switch from a net outflow of £8.3 billion in the previous quarter. Direct investment abroad decreased by £12 billion in the latest quarter to £3.2 billion. Direct investment in the UK increased by £0.3 billion in Q4 2012 to £7.2 billion. Portfolio investment recorded a net outflow of £19.8 billion in Q4 2012, a decrease from a net outflow of £126.6 billion in the previous quarter. Portfolio investment abroad showed net investment of £26 billion in Q4 2012, following a net investment of £62 billion in the previous quarter. Portfolio investment in the UK showed net investment of £6.2 billion in Q4 2012, switching from a net disinvestment of £64.5 billion in the previous quarter. Other investment in the latest quarter recorded net inflows of £41.7 billion compared with net inflows of £160.1 billion in the previous quarter. Other investment abroad recorded net disinvestment of £101.8 billion in Q4 2012, following net disinvestment of £73.8 billion in the previous quarter. Other investment in the UK showed net disinvestment of £60.2 billion in Q4 2012 a switch from net investment of £86.4 billion in the previous quarter. Reserve assets showed net investment of £1.8 billion in Q4 2012 compared with net investment of £2.5 billion in the previous quarter. The international investment position recorded UK net liabilities of £544 billion at the end of Q4 2012. UK Investment Position: Year 2012 In 2012, the surplus on income decreased by £24.3 billion to £1.6 billion due mainly to a decrease in the surplus on direct investment income. In addition the deficits on portfolio investment income and other investment income increased. There was a direct investment surplus of £36.9 billion in 2012, £20.6 billion lower than in the previous year.
In 2012, the portfolio investment income deficit rose by £3.2 billion to £20.6 billion. The deficit on other investment increased by £0.5 billion to £15.3 billion in 2012. In 2012, the financial account showed a net inflow (i.e. inward investment) of £48.5 billion, compared with a net inflow of £7.5 billion in the previous year. There was net disinvestment abroad of £80.6 billion in 2012, following net investment of £186 billion in the previous year. There was foreign net disinvestment in the UK of £32.1 billion in 2012, following net investment of £193.6 billion in 2011. Direct investment recorded a net outflow (i.e. outward investment) of £5.7 billion in 2012, compared with a net outflow of £34.7 billion in the previous year. Direct investment abroad showed investment of £45.2 billion, £21.4 billion lower than in 2011. Direct investment in the UK was £39.5 billion in 2012, £7.6 billion higher than in the previous year. Portfolio investment recorded a net outflow of £203.4 billion in 2012, compared with a net outflow of £44.6 billion in 2011. Portfolio investment abroad showed net investment of £125.4 billion in 2012, £118.8 billion higher than in the previous year. Portfolio investment in the UK showed net disinvestment of £78 billion in 2012 compared with net disinvestment of £38 billion in 2011. Other investment recorded net inflows of £234.5 billion in 2012 compared with net inflows of £94.6 billion in the previous year. Other investment abroad switched from net investment of £105 billion in 2011 to net disinvestment of £228.1 billion in the latest year. Other investment in the UK showed net investment of £6.4 billion in 2012, £193.3 billion lower than in the previous year. Reserve assets showed net investment of £7.6 billion in 2012, following net investment of £4.9 billion in 2011. US Investment Position: Q4 2012 In Q4 2012, Income receipts on US-owned assets abroad increased to $189.4 billion from $181.3 billion. Income payments on foreign-owned assets in the US increased to $135.1 billion from $132.8 billion. Net financial inflows were $58.4 billion in Q4, down from $68.3 billion in Q3. US-owned assets abroad increased $120.5 billion in Q4 after increasing $217.2 billion in Q3. Foreign-owned assets in the United States increased $176 billion in Q4 after increasing $290.6 billion in Q3. US direct investment abroad was $81.9 billion in Q4, down from $90.9 billion in Q3. Foreign direct investment in the US was $60.3 billion in Q4, up from $41.8 billion in Q3. US Investment Position: Year 2012
In 2012, Income receipts on US-owned assets abroad decreased to $736.1 billion from $738.8 billion. Income payments on foreign-owned assets in the US increased to $529.8 billion from $503.8 billion. Net financial inflows were $339.7 billion in 2012, down from $556.3 billion in 2011. US-owned assets abroad decreased $17.9 billion in 2012 following an increase of $483.7 billion in 2011. Foreign-owned assets in the US increased $384.9 billion in 2012 following an increase of $1,001 billion in 2011. US direct investment abroad was $351.4 billion in 2012, down from $419.3 billion in 2011. Foreign direct investment in the US was $174.7 billion in 2012 following investment of $234 billion in 2011. US Net International Investment Position: Q4 2012 The US net international investment position at the end of Q4 2012 was -$4,416.2 billion (preliminary) as the value of foreign investments in the US exceeded the value of US investments abroad. At the end of Q3, the US net international investment position was -$4,663.4 billion. The $247.2 billion change in the net position reflected a $207.2 billion decrease in the value of foreign-owned assets in the US and a $40 billion increase in the value of US-owned assets abroad. US-owned assets abroad were $20,760.1 billion at the end of Q4 compared with $20,720.2 billion at the end of Q3. The $40 billion increase reflected an increase of $318.6 billion in the value of USowned assets excluding financial derivatives that was mostly offset by a decrease of $278.7 billion in the value of financial derivatives. US-owned assets abroad excluding financial derivatives were $17,140.3 billion at the end of the Q4 compared with $16,821.7 billion at the end of the Q3. The $318.6 billion increase reflected $120.5 billion in financial outflows and $198.1 billion in valuation changes. Foreign-owned assets in the US were $25,176.3 billion at the end of Q4 compared with $25,383.6 billion at the end of Q3. The $207.2 billion decrease reflected a decrease of $284.6 billion in the value of financial derivatives that was partly offset by an increase of $77.3 billion in the value of foreign-owned assets in the US excluding financial derivatives. Foreign-owned assets in the US excluding financial derivatives were $21,614.4 billion at the end of the Q4 compared with $21,537 billion at the end of Q3. The $77.3 billion increase reflected $176 billion in financial inflows and -$98.6 billion in valuation changes. US Net International Investment Position: Year 2012 The US net international investment position was -$4,416.2 billion (preliminary) at the end of 2012 compared with -$4,030.3 billion at the end of 2011. The -$386 billion change in the net position from the end of 2011 to the end of 2012 reflected a $372.3 billion decrease in the value of USowned assets abroad and a $13.7 billion increase in the value of foreign-owned assets in the US.
US-owned assets abroad were $20,760.1 billion at the end of 2012 compared with $21,132.4 billion at the end of 2011. The $372.3 billion decrease reflected a decrease of $1,084.9 billion in the value of financial derivatives that was mostly offset by an increase of $712.6 billion in the value of US-owned assets abroad excluding financial derivatives. US-owned assets abroad excluding financial derivatives were $17,140.3 billion at the end of 2012 compared with $16,427.7 billion at the end of 2011. The $712.6 billion increase reflected $730.6 billion in valuation changes as prices of foreign stocks increased in 2012 after falling in 2011. Financial inflows of $17.9 billion were partly offsetting. Foreign-owned assets in the US were $25,176.3 billion at the end of 2012 compared with $25,162.6 billion at the end of 2011. The $13.7 billion increase reflected an increase of $1,030.2 billion in the value of foreign-owned assets in the US excluding financial derivatives that was mostly offset by a decrease of $1,016.4 billion in the value of financial derivatives. Foreign-owned assets in the US excluding financial derivatives were $21,614.4 billion at the end of 2012 compared with $20,584.2 billion at the end of 2011. The $1,030.2 billion increase reflected $384.9 billion in financial inflows and $645.3 billion in valuation changes as prices of US corporate stocks and bonds increased in 2012. 3. NEW INVESTMENTS US Investments into the UK MIRTEC Opens European HQ in UK MIRTEC, the Global Leader in Inspection Technology, announces the opening of a new manufacturing facility in Europe to further strengthen business and local support. Based in Plymouth, UK, this expanded facility allows the company to better support its complete range of automatic optical inspection, X-ray inspection and solder paste inspection systems. The new centre is the company’s European headquarters overseeing Continental Europe, Middle East, India and South Africa. MIRTEC USA, 3 Morse Road 2A, Oxford, CT 06478. Tel: 203 881 5559 Fax: 203 881 3322 Website: www.mirtecusa.com MIRTEC Europe Ltd. Unit 10, 71 Sisna Park Road, Estover, Plymouth, PL6 7AE. Tel/Fax:+44 (0)1752 206394 Email: info@mirteceurope.com Website: www.mirteceurope.com TeraMedica Opens New Office in the UK TeraMedica, a Wisconsin-based medical vendor neutral archive (VNA) company, has announced the opening of a new office in the UK to service Europe, Africa and the Middle East. The company said it already has a significant European installed base achieved through an existing international OEM partnership. The new office will enable it to drive and support core business directly with regional corporate personnel. The move follows record revenue growth during 2012 for TeraMedica’s
Evercore VNA technology. Teramedica Inc. Corporate Headquarters: 10400 Innovation Drive, Suite 200, Milwaukee, WI 53226. Tel: 414 908 7700 Email: info@teramedica.com Website: www.Teramedica.com EasyAsk Opens UK Office EasyAsk, a Massachusetts-based natural language technology and solutions provider, has announced the opening of EasyAsk's first European office at Thames Valley Park, Reading, UK. In 2012, EasyAsk grew revenues by 40% and increased its customer base by 22%. Building on its successful expansion in the US over the last 24 months, EasyAsk will now have a local presence to support leading European brands who are looking to increase website conversions and revenue with Site Search, Navigation and Merchandising. Simon Persse and Robin Aitken will lead the EasyAsk Europe team. Corporate Headquarters, EasyAsk, 200 Wheeler Road, South Tower, Burlington, MA 01803. Tel: 781 402 5635 Fax: 781 280 7380 Website: www.easyask.com EasyAsk Europe, 400 Thames Valley Park Drive, Thames Valley Park, Reading RG6 1PT. Tel: +44 (0)11896 37780 JONDO Launches European Operations & Opens London Office JONDO, the market leader in high-quality, personalized photo and dĂŠcor products, announced the launch of JONDO UK establishing a strong European presence for its growing international brand. The new UK office is poised to take advantage of the expanding photo products market in Europe with an experienced UK based management team and a localized UK website (www.jondo-uk.com). JONDO also announced that Graham Jackson joined the JONDO UK team as Business Development Manager. JONDO USA, 8030 East Crystal Drive, Anaheim, CA 92807. Tel: 714 279 2300 Fax: 714 279 2301 Email: info@jondo-usa.com Website: www.jondo-usa.com JONDO UK, 9 Springlakes Estate, Deadbrook Lane, Aldershot, Hants GU12 4UH. Tel: +44 (0)1252 856337 Email: enquiries@jondo.co.uk Website: www.jondo-uk.com UK Investments into the US Wavestore Opens First US Office UK-based Wavestore, a provider of digital video and audio security surveillance systems, has announced the opening of an office in the USA. Wavestore USA, based in Mangonia Park, Florida, will provide pre and post sales support for installer and system integrators throughout North America, as well as providing local manufacturing facilities. Wavestore Limited, Unit 1 Hayes Metro Centre, Springfield Road, London, UB4 0LE.
Tel: +44 (0)20 8756 5480 Email: info@wavestore.com Website: www.wavestore.com Wavestore USA, 4430 West Tiffany Drive, Mangonia Park, FL 33407. Tel: 561 214 4978 Email: info@WavestoreUSA.com Skyscanner to Open US Office Skyscanner, the Edinburgh-based flight comparison website, is to open its first US office in Miami, Florida after seeing total revenues climb 65 per cent to ÂŁ33.5m in 2012. Gareth Williams, Skyscanner co-founder and CEO, said the company planned to employ about 10 people in Miami by the end of this year. Skyscanner gathers data from airline websites and online travel agents to make it easier for users to find the cheapest or most convenient flights to chosen destinations. Skyscanner Ltd, Quartermile One, 15 Lauriston Place, Edinburgh EH3 9EN. Website: www.skyscanner.net 4. BAB INVESTMENT GUIDES BritishAmerican Business produces two annual Foreign Direct Investment reports:
British American Trade & Investment (www.britam-trade-investment.com), published each May, is designed to provide information for US companies looking to expand their operations in the UK
American British Trade & Investment (www.ambrit-trade-business.com), published each November, provides information for UK companies looking towards America. 5. TRADE SHOWS UK April 15-17, 2013 - London Book Fair 2013 - Earls Court Exhibition Centre Website: http://www.londonbookfair.co.uk/ The London Book fair is the global publishing community's leading spring forum for booksellers, publishers, librarians and book production services worldwide. Contact: Stewart Gough, Commercial Specialist Tel: +44 (0)20 7894 0419 Email: Stewart.Gough@trade.gov April 16-18, 2013 - Sustainability Live! - NEC, Birmingham Website: http://www.sustainabilitylive.com/ Focusing on the environmental, land remediation, energy and water sectors respectively, the event stages conferences, seminars and networking with industry achievement and excellence recognised at the Industry Achievement Awards ceremonies. Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov
April 23-25, 2013 - Internet World - Earls Court, London Website: http://www.internetworld.co.uk/ Internet World is Europe's largest event for digital business. Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov April 23-25, 2013 - Infosecurity Europe 2013 -Earl's Court, London Website: http://www.infosec.co.uk/ Infosec is Europe’s number one information security event and most comprehensive convergence of information security professionals. Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov April 24-25, 2013 - Counter Terror Expo UK - Olympia, London Website: http://www.counterterrorexpo.com/ Counter Terror Expo is the critically acclaimed, highly specialised, event for those who are tasked with the demanding and complex role of delivering a robust defence against the threat posed from international terrorism. Contact: Richard Stanbridge, Senior Commercial Specialist/Head of Industries Team Tel: +44 (0)20 7894 0437 Email: Richard.Stanbridge@trade.gov April 30-May 2, 2013 - Naidex 2013 - NEC Birmingham Website: http://www.naidex.co.uk/ Naidex is the UK’s number one event for the national homecare and disability market. Contact: Cheryl Withers, Commercial Assistant Tel: +44 (0)20 7894 0419 Email: Cheryl.Withers@trade.gov US May 5-8, 2013 - WINDPOWER Conference & Exhibition 2013 - Chicago, IL Website: http://windpowerexpo.org/2013/ WINDPOWER® is the focal point for wind professionals to network with and learn from industry leaders and experts, and to discover the latest in industry products and services. Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov May 5-9, 2013 - Offshore Technology Conference (OTC) - Houston, TX Website: http://www.otcnet.org/pages/about/ The Offshore Technology conference is designed for those interested in the development of offshore resources in the fields of drilling, exploration, production, and environmental protection.
Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov May 18-21, 2013 - National Restaurant Show (NRA) - Chicago, IL Website: http://www.restaurant.org/show/ NRA/Show is the leading annual event in the hospitality industry. Contact: Chrystal Denys, Commercial Assistant Tel: +44 (0)20 7894 0432 Email: Chrystal.Denys@trade.gov May 20-23, 2013 - WasteExpo 2013 - New Orleans, LA Website: http://wasteexpo.com/wasteexpo2012/public/enter.aspx WasteExpo is the largest event for the solid waste and recycling industry in North America. Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov May 21-23, 2013 - International CTIA Wireless 2013 - New Orleans, LA Website: http://www.ctiawireless.com/ CTIA shows bring together all industries advanced by wireless technology for intense business, learning and networking. Wireless is the largest and most comprehensive trade show in the wireless industry. Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov