Earlier Today, Congressman Courtney Appeared at Sheffield Pharmaceuticals to Promote International Trade Resources From the U.S. Department of Commerce
WASHINGTON—Today, Congressman Joe Courtney (CT-2), appeared at Sheffield Pharmaceuticalslaboratory in New London with Chief Operating OfficerJeff Davis, Vice President of Quality and Product Development Anthony Sollima, New London Mayor Michael Passero and U.S. Department of Commerce District Director Anne Evans to announce that the International Trade Administration has released 2016 Market Research reports to assist Connecticut manufacturers increase their international export business.
“Sheffield Pharmaceuticals is a great example of an eastern Connecticut company on the rise globally,” said Courtney. “We know that more than 95% of the world’s customers today live outside of the United States, and in order for our companies to keep pace around the world we need to be selling more of our products abroad. The U.S. Department of Commerce offers a wealth of information and resources for domestic companies that are looking to increase their international footprint. Since my office was able to connect Sheffield Pharmaceuticals with the U.S. Department of Commerce regional office for Connecticut last year, the company has been able to double total international exports and has gone from operating in 20 foreign markets up to nearly 60.”
Anne Evans, U.S. Department of Commerce District Director for Connecticut, stated: “The U.S. Export Center in Middletown has a number of services for Connecticut companies that want to grow their exports into new markets. Working with our office in Washington, and our more than 140 offices overseas we can provide expert help to companies in our region.”
Mark Donohue, Chairman and CEO of Sheffield Pharmaceuticals, stated:“The USA foreign embassy ‘Gold Key Service’ is our most cost effective and efficient resource to identify, interview and select international distributors. In addition, the Department of Commerce has facilitated numerous conference calls to multiple areas of the world to provide market insight and direction on business opportunities. The Department of Commerce, Connecticut Office, directed by Anne Evans and Anthony Sargis have been outstanding, which is empowering Sheffield to rapidly increase exports and create more CT manufacturing jobs. Congressman Courtney has also been invaluable in supporting our initiatives to grow our manufacturing and export business.”
Sheffield Pharmaceuticals employs around 200 people at its New London location. The company has been working closely with U.S. Department of Commerce International Trade Administration (ITA). The ITA has developed Top Markets Reports, Country Commercial Guides, resource guides and customized market research reports which are expertly designed to help U.S. exporters determine their next export market by comparing opportunities across borders. The reports provide a detailed assessment of the competitiveness landscape within a sector, as well as the opportunities and challenges facing U.S. exporters in key markets. The Top Markets Reports and Resource Guides are free and available for download on the ITA Trade.gov website.
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