CAFTA-DR: What it means for U.S. businesses

A N E W S L E T T E R P U B L I S H E D B Y I N T E R N A T I O N A L C O M M U N I C A T I O N B Y D E S I G N , I N C .

Although the pact has yet to be ratified by all of the signatory countries, CAFTA-DR (the Dominican Republic-Central American Free Trade Agreement) officially took effect in the U.S. when it was signed into law January 1, 2006. U.S. businesses and

workers now want to know how CAFTA-DR will affect them as the country continues to weave its economic future with that of its global trade partners.

According to the Office of the United States Trade Representative (USTR), the CAFTA-DR region already represents a significant market for U.S. businesses, which export “more than $15 billion annually to Central America and the Dominican Republic”. The USTR predicts that multiple manufacturing and service industries will increase their exports to the region as CAFTA-DR is implemented. The U.S. Chamber of Commerce also predicts that in its first year of implementation, CAFTA-DR will generate more than 25,000 new U.S. jobs and within ten years, an additional 100,000 U.S. jobs will be added.

Increases in exports to the CAFTA-DR region and in U.S. jobs are projected based primarily on reduced tariffs

and relaxed bureaucratic requirements. Because CAFTA-DR mandates tariff structure changes advantageous to U.S. businesses, U.S. workers may see a rise in exports of the goods their companies produce and the services they provide. The USTR notes “about 80 percent of U.S. exports to the region will be duty-free immediately upon implementation of CAFTA, with all tariffs on industrial goods phased out within 10 years.” CAFTA-DR also relaxes rules requiring that U.S. exporters certify export documents in the U.S. and laws for early termination of contracts. Such changes should enable U.S. businesses to move goods into destination countries without financial penalties or undue delays.

The pact is expected to improve the financial outlook in multiple sectors. For example, almost all U.S. small aircraft and radio equipment will be exported to CAFTA-DR countries duty-free.

The electronics and instrumentation industry, information technology, and scientific and medical equipment manufacturing may also benefit from CAFTA-DR as 99 percent of U.S. industrial exports will be free from tariffs once the pact is implemented.

For more information on CAFTA-DR, visit the Office of the United States Trade Representative (USTR) at www.ustr.gov or the U.S. Chamber of Commerce at www.uschamber.com.

CAFTA-DR: What it means for U.S. businesses

Country Profile:Turkey

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In This Issue

ICD Travel Tip

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Catherine's Column

Employee Profile

International Puzzler

ICD on the Road

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4

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Features

SPRING 2006V O L . 5 N O . 2

The RockIn Gibraltar, take the cable car to the Rock’s higher elevations for a

stunning view of the Iberian peninsula or visit the tunnels and military fortifications on this rugged terrain. Wildlife enthusiasts will enjoy the Barbary Apes and the large dolphin population.

2

3

2

Growth in

U.S. exports

to the region

has outpaced

overall U.S.

exports.

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Translating Your Company into a Global Success

Which classical music composition is the basis for “The European Anthem”?

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Ludwig van Beethoven’s 9th Symphony (“Ode to Joy”)

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A N E W S L E T T E R P U B L I S H E D B Y I N T E R N A T I O N A L C O M M U N I C A T I O N B Y D E S I G N , I N C .

In This Issue

ICD Travel Tip

3

4

2

Features

The Rock

2

3

2

Growth in

U.S. exports

to the region

has outpaced

overall U.S.

exports.

4

? InternationalCommunicationby Design, Inc.

Esprit d'ICD is published three times

per year.

info@icdtranslation.com$50 amazon.com

Volume 5, Number 2

INTERNATIONAL COMMUNICATION BY DESIGN, INC.

Translating Your Company into a Global Success

Which classical music composition is the basis for “The European Anthem”?

STC 2006 Annual Conference

LAST ISSUE’S PUZZLER

ANSWER

WINNER

info@icdtranslation.com.

When it is 1:00 p.m. in Beijing, what time is it in Shanghai?

Ludwig van Beethoven’s 9th Symphony (“Ode to Joy”)

xxxxxxx WINNER Darin Dew of Vocus, Inc. Congratulations, Darin!

ASTD 2006 Annual Conference

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Catherine's Column

According to U.S. Immigration and Customs Enforcement, the number of foreign students studying in the United States as of June 2005 was 773,040. Of those, about 50% attend school in California, New York, Texas, Massachusetts, Illinois, and Florida. The top five countries from which foreign students come are the Republic of Korea, India, China, Japan, and Taiwan. The top five degree programs in which foreign students are enrolled are Business, Management, and Marketing; Engineering; Computer and Information Sciences; Basic skills; and Health professions.

Why do more than a half million students from outside the U.S. come to our shores from countries many thousands of miles away to complete their education? Some of the reasons we found are from

a survey at Brown University, where nearly 40% of the graduate students come from outside the U.S. In his article “Diverse offerings draw grad students from foreign lands”, Ben Leubsdorf discovered that:

Although many foreign students wish to remain in the U.S. after they graduate, our immigration laws will not always accommodate them. Depending on the major they have chosen, students have varying opportunities of staying and working in the U.S. For example, given our shortage of nurses, students who pursue a career in nursing will likely have more opportunity to obtain a permanent resident status than students in other fields. And according to Princeton University President Shirley M. Tilghman, two-thirds of foreign students who receive a Ph.D. in science and engineering stay in the U.S.

CATHERINE DESCHAMPS-POTTER

VICE-PRESIDENT SALES & MARKETING

Suggested International Films

Millions (2005, British)Danny Boyle – directorMillions is the tale of two British brothers and their encounter with a large supply of cash. The young children must decide what to do with the money.

The Chorus (2004, French)Christophe Barratier – directorA new teacher at a boys’ boarding school works effectively with the students to influence their lives in a positive way through music. While being rehabilitated, the disruptive students are transformed.

2046 (2005, Chinese) Kar Wai Wong – director 2046 is centered on what should be the future, but it is really the past. A writer discovers whether life changes in 2046.

• Research opportunities in the U.S. are better.

• The educational level of sciences in the U.S. is high.

• The instructional quality is better.

• More resources and funding are available in the U.S.

• Doctoral students have better employment opportunities.

• Students and professors communicate more.

• Library resources are better.

ICD EMPLOYEE PROFILE

LevLev graduated with a degree in mechanical engineering from the Moscow Institute of Civil Engineering and received his Ph.D. in Dynamics and Strength of Machines

from the Institute for Mechanical Engineering Research of the USSR Academy of Sciences. He has directed a machine dynamics laboratory and has published nearly 50 articles and several books related to the theory of vibration machines and finite-element analysis.

In addition to his primary job, Lev worked as a translator on the Russian editions of the Transactions of ASME, the AIAA Journal, and the IEEE Journal. His translation experience includes applied theoretical and applied mechanics, mechanical engineering, telecommunications, and space and aircraft engineering. Lev devotes his free time to reading about ancient and medieval history and culture and to his dachshund, Ronny.

U.S. Universities Attract Foreign Students

Sources: www.ice.gov, www.browndailyherald.com, www.universitybusiness.com

3

A Structured Translation Process

Key to Quality and Customer Satisfaction

“Eurobarometer”

Interesting terms used by EU officials

– a European Commission (EC) service, set up in 1973, that measures and analyses trends in public opinion in all the member states and in the candidate countries. The EC takes public opinion

into account in drafting its legislative proposals,

making decisions, and evaluating its work.

Eurobarometer uses both opinion polls and focus

groups. Its surveys lead to the publication of around

100 reports every year.

EUROJARGON

Land area: 770,760 sq km (slightly larger than Texas)

Population: 69.7 million (July 2005 est.)

Languages: : Turkish (official), Kurdish, Arabic, Armenian, Greek

Major industries: textiles, food process-ing, automobiles, mining (coal, chro-mite, copper, and boron), steel, petro-leum, construction, lumber, and paper

Source: The CIA World Factbook

1. Germany .... 13.9% 2. UK ..............8.8%3. US ............... 7.7%

Export partners

COUNTRY PROFILE:

IRAQ

IRAN

MEDITERRANEAN SEA

BLACK SEA

SYRIA

GREECE

BULGARIA GEORGIA

TURKEY

AnkaraIstanbul

We believe that the key to a quality translation project is to

follow a well-structured process. Although the process used may

vary depending on your project, you should expect that you and

your translation vendor will work closely throughout five key

stages of translation: preparation, translation, desktop publishing

(DTP), quality assurance (QA), and delivery and maintenance. By

following these basic steps, you and your vendor can ensure that

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Preparation1. Provide a quotation. Sales Specialist

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Localization Engineer

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Localization Engineer

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Engineers

2. Conduct DTP or localization of the translated source files and create PDF documents, if needed.

DTP Engineers

QA1. Proof translated PDFs against the source language PDFs and

conduct a QA review for formatting and translation. Reviewers andProject Managers • Fail QA review? Return to DTP.

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2. Maintain the TM. Localization Engineers

2

1. Germany .......12.9%2. Russia ........... 9.3%3. Italy ............... 7.1%

Import partners

TURKEY

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Suggested International FilmsICD EMPLOYEE PROFILE

U.S. Universities Attract Foreign Students

3

Key to Quality and Customer Satisfaction

“Eurobarometer”

– a European Commission (EC) service, set up in 1973, that measures and analyses trends in public opinion in all the member states and in the candidate countries. The EC takes public opinion

into account in drafting its legislative proposals,

making decisions, and evaluating its work.

Eurobarometer uses both opinion polls and focus

groups. Its surveys lead to the publication of around

100 reports every year.

JARGON

Land area:

Population:

Languages:

Major industries:Export

COUNTRY PROFILE:

IRAQ

IRAN

MEDITERRANEAN SEA

BLACK SEA

SYRIA

GREECE

BULGARIA GEORGIA

TURKEY

AnkaraIstanbul

PROCESS STEP YOU YOUR VENDOR

Preparation

Translation

DTP

QA

Delivery and Maintenance

2

Import

Esprit_Spr06.indd 3-4Esprit_Spr06.indd 3-4 4/17/06 11:40:28 AM4/17/06 11:40:28 AMPANTONE 2727 CPANTONE 2727 C