Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Miami and New York beckon for Scots’ firms wanting to do business in the US

South Beach, Miami.
South Beach, Miami.

Scottish business leaders are targeting the US for two non-virtual trade missions that are among the first since the start of the Covid pandemic.

Around 25 firms across key sectors including technology, finance and food and drink are expected to join trips to Miami and New York.

New York delegates will be guests for the return of Tartan Day Celebrations in April.

The opportunities for Scottish businesses in the USA are huge.”

Ian Houston, president of Scottish Business Network Americas.

The transatlantic business quests are being organised by the Scottish Government-backed International Trade Partnership (ITP).

Its virtual missions to Columbia and Italy have helped more than 20 firms.

Financial services are a key focus for the in-person US trade missions.

With a presence already established in Miami, Florida, Scottish financial services powerhouse abrdn views the region as a key market, giving it access to new business opportunities throughout Latin America.

Florida is gateway to a ‘vast set of opportunities’

Menno de Vreeze, head of business development, international wealth management Americas, abrdn, said: “South Florida is one of the fastest growing cross-border markets for overseas clients, given its approximate position near Latin America and a sophistication of the marketplace.

“For Scottish financial businesses, Florida offers access to a vast set of opportunities, which include the US domestic wealth market, with a large increase of wealth and high net-worth individuals, companies moving to Florida and international clients booking their assets in Florida for diversification benefits.

“We think it is important to have a local presence in Florida in order to be close to the decision-makers and to maximise the opportunity set the United States represents.”

Fifth Avenue, New York.

Ian Houston, president of Scottish Business Network Americas and also a GlobalScot, said: “The opportunities for Scottish businesses in the USA are huge, and those who take the initiative and proactively forge links through initiatives such as the ITP trade missions will be able to capitalise on them.

“Scottish Business Network in the Americas is very excited to be working on these trade missions, and we look forward to partnering with our many friends to see more successful business and human linkages between Scotland and the United States.”

Ian Houston.

Businesses wishing to enter the US through Miami and New York markets will gain access to networking, events, site visits and B2B appointments as part of the missions.

The ITP programme is a partnership between the Scottish Government and Scottish Chambers of Commerce network, and missions are led by local chambers of commerce.

The trip to Miami, led by Inverclyde Chamber of Commerce, takes place on March 29-31. The New York mission, led by Forth Valley Chamber of Commerce, runs from April 6-8.

International trade consultant Diana Peralta, of DP Global, which helps facilitate the ITP trade missions, said: “We do the background work to ensure they’re suitable and interested in your product/service in advance.”

Diana Peralta, international trade consultant, DP Global.

ITP’s virtual Colombia “trip”, which was the ITP’s first trade mission to South America, involved 16 businesses who took part in more than 60 meetings with key contacts set up by the partnership.

Some of these firms have gone on to forge working relationships with contacts in Colombia, seen as a gateway to lucrative Latin American and Caribbean markets.


Liz Cameron: It’s time to strengthen our global business connections

Already a subscriber? Sign in

[[title]]

[[text]]