WASITRAC's US-India Trade Summit Now More Affordable for Small & Medium Enterprises

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Thanks to sponsors the organizers were able to lower the registration fee for the US-India Trade Summit taking place in Seattle in September, making it more affordable for small and medium sized businesses (SME) looking to enter the Indian and international market. The two day summit will showcase the potentials and opportunities for collaborations and partnerships, enhancing trade and commerce between the two largest democracies capitalizing on the fast changing world of globalized economy.

WASITRAC 2nd trade mission to India: Sister Port signing in 2011

The reduction in the fee will enable many small businesses, who otherwise might be challenged by the fees, with an opportunity to expand their local as well as international options in terms of developing a broader, deeper and wider customer base!

The 1st Washington State Summit on US-India Trade & Commerce is being organized by the Washington State and India Trade Relations Action Committee (WASITRAC), a Seattle based non-profit advocacy group working for the US-India bilateral trade relations since 2007, under the leadership of US Rep. Jim McDermott. The Summit is being held during the month dedicated to Innovation and Economy, as part of the Next Fifty, which commemorates the 50th anniversary of the Seattle Center and Seattle’s First World Fair. The organizers of the trade summit envisioned this Summit to be accessible not only established businesses looking for a new market but also the small and medium sized enterprises (SME) that play a vital role in the economy.

In the two-day conference (September 27-28), scores of entrepreneurs will share their success stories and offer constructive suggestions on cultivating relationships and identifying the right business partners. They will provide guidance on complying with government regulations, overcoming trade barriers, and meeting the challenges of thriving in a multi-cultural market.

Debadutta Dash, the co-chair of WASITRAC, says, “The timely help from sponsors, who truly recognized the need to bring smaller businesses into the international playing field, helped us achieve our goal.”

Due to the sponsorships from the Port of Seattle, SNM Group of Companies, University of Washington (Bothell) School of Business and others, the organizers were able to lower the registration fee from $175 to only $50. This trade summit registration has already been made complimentary for all current students of business schools in the state of Washington.

"The reduction in the fee will enable many small businesses, who otherwise might be challenged by the fees, with an opportunity to expand their local as well as international options in terms of developing a broader, deeper and wider customer base!" exclaims Dr. Skip Rowland, the Principal of Banner Cross Inc. and Vice President of the East-European Chamber of Commerce.

Being an emerging economy in today’s world with a consistent 8% + GDP growth rate for the last five years and a buoyant younger middle class of a size that is equal to the total US population, one may assume that India is a top trading partner with the state of Washington. Surprisingly, Washington State’s total International trade with India is less than one billion US dollars. Compare this with China, which has the largest share of Washington’s total international trade, worth more than $20 billion.

Attending this summit are some notable dignitaries, including Ambassador Isi A. Siddiqui, Chief Agricultural Negotiator at the Office of the U.S. Trade Representative, U.S. Rep. Jim McDermott (Seattle), and Consul General of India Mr. N. Parthasarathi. Also attending is noted Indian author, philosopher, humanitarian, and spiritual leader Dr. Chandra Bhanu Satpathy, who will be honored by the organizers at the opening reception. Lastly, a special attraction of the Summit will be the “Vibrant Gujarat 2013” Road Show, showcased by a high powered 19 member business delegation led by Mr. Ravi Saxena, the Additional Chief Secretary (Science & Technology) from the state of Gujarat.

Detailed information on the trade summit including registration and hotel accommodation is available at http://www.NextFiftyIndia.org.

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Debadutta Dash
WASITRAC
(206) 330-8512
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