Indian Industry

Country Profile

USA
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United states of america or usa, is located in the central north america. Federal constitutional republic, usa is bordered with mexico in the southern side and by canada to the northern one. Comprised of fifty states and a federal district, usa is the third largest country by area and population. USA is widespread on a total area of 9,826,630 sq km, comprising 9,161,923 sq km land area and 664,707 water area. One of the most technologically feasible nation, usa economy is characterized as the largest economy in the world. USA is recognized as a reliable supplier of agricultural products, chemicals, automobile and machines in throughout the global arena. Canada, mexico, japan, china and uk are major exporting nations.

Snapshot

Official Name - United States of America (USA)
Capital City - Washington, D.C.
Type of Government - Federal Republic
Currency - Dollar ($) - USD
Fiscal Year - 1 October - 30 September
Official Language(s) - None at federal level; English de facto
Local Time - GMT -5 to GMT -8 (most states adopt daylight savings time in summer); Alaska is GMT -9 and Hawaii GMT -10
International Dialling Code - +1
Internet Domain - .us .gov .edu .mil .um
Major Industries - Leading Industrial Power in the world, Highly Diversified and Technologically Advanced, Petroleum, Steel, Motor Vehicles, Aerospace, Telecommunications, Chemicals, Electronics, Food Processing, Consumer Goods, Lumber, Mining
Major Trading Partners - Canada, China, Hong Kong, Mexico, Japan
Double Taxation Treaty with India - YES




Economic Overview
  • Largest and most technologically powerful economy in the world.
  • Capitalistic, free market-oriented mixed economy where individuals and business firms make most of the decisions.
  • Service sector contributes most to the GDP.
  • The largest sector is service, which employs roughly three quarters of the work force.
  • The sub-sectors are financial services, travel, trade, government services and entertainment.
  • Regular increase in imports from the countries with a very low production cost.
  • Economic activity varies greatly across the country.
  • Fueled by an abundance in natural resources, such as coal, petroleum, and precious metals.
  • Top producer of corn, soy beans, rice and wheat.
  • Third largest tourist industry in the world.
  • Leading export of automobiles, airplanes, steel, and electronics.
International Trade
Major Export Items
Agricultural Products, Foods, Feeds and Beverages, Automotive Vehicles, Engines and Parts, Industrial Supplies (Organic Chemicals), Transistors, Aircraft, Motor Vehicle Parts, Computers, Telecommunications Equipment.

Main Destinations of Exports
Canada, Mexico, Japan, UK, China

Major Import Items
Agricultural Products, Foods, Feeds and Beverages, Industrial Supplies (Crude Oil), Computers, Telecommunications Equipment, Motor Vehicle Parts, Office Machines, Electric Power Machinery, Automotive Vehicles, Engines and Parts, Clothing, Medicines, Furniture, Toys.

Main Origins of Imports
Canada, China, Mexico, Japan, Germany

Contacts of Trade Ministries/ Associations

Department of Commerce International Trade Administration Federal Trade Commission
Government of the United States
1401 Constitution Avenue, NW
Washington, DC 20230
Tel.: +(1)-(202)-4824883
E-mail: opaosec@doc.gov
Website: www.commerce.gov

Department of Commerce
Government of the United States
E-mail: ita_webmaster@ita.doc.gov
Website: www.ita.doc.gov

Government of the United States
Office of Policy and Evaluation
Room 394, Bureau of Competition
Washington, D.C. 20580
Tel.: +(1)-(202)-3263300
E-mail: antitrust@ftc.gov
Website: www.ftc.gov

United States Trade Representative NAFTA Secretariat, U.S. Section United States International Trade Commission
600 17th Street, N.W.
Washington, DC 20508
United States of America
E-mail: contactustr@ustr.gov
Website: www.ustr.gov

Room 2061 14th Street and
Constitution Ave., N.W.
Washington, D.C. 20230
Tel.: +(1)-(202)-4825438
Fax.: +(1)-(202)-4820148
E-mail: usa@nafta-sec-alena.org
Website: www.nafta-sec-alena.org

500 E Street, SW
Washington, DC 20436
Tel.: +(1)-(202)-2052000
Website: www.usitc.gov

U.S. Customs and Border Protection SUSTA: The Southern United States Trade Association The National Customs Brokers & Forwarders Association of America, Inc.
1300 Pennsylvania Avenue, N.W.
Washington, D.C. 20229
Tel.: +(1)-(202) 3541000
Website: www.customs.ustreas.gov
2 Canal Street Suite 2515
New Orleans, LA 70130
Tel.: +(1)-(504)-5685986
Fax: +(1)-(504)-5686010
E-mail: susta@susta.org
Website: www.susta.org

1200 18th Street, NW, #901
Washington, DC 20036
Tel.: +(1)-(202)-4660222
Fax: +(1)-(202)-4660226
Website: www.ncbfaa.org

Business Visa Rules
The documents required for Business Visa (B-1) are as follows:
  • Invitation letter from the US counterpart/Company with which you are going to conduct business.
  • Letter from your employer or company that is sending you to the U.S.
  • Exchanges of correspondence with U.S. purchasers, suppliers or contacts.
  • Recent contracts, bills of lading or other documentary evidence of recent imports and exports of purchases.
  • Any evidence of arrangements for lodging and appointments already made in the U.S. in preparation for your trip.
  • Incorporation documents and business license(s).
  • Tax statements for the last two years.
  • Bank transaction statements detailing all deposits and withdrawals for the last 6 months. Include your personal and company accounts, along with evidence that you haveauthority to draw on the company accounts.
  • Any copies of recent advertising brochures or publications.
Business Hours
  • Opening hours for shops, offices and banks vary from city to city and from state to state. In general, stores and shopping malls are usually open from 10.00 am to 9.00 pm from Monday to Saturday and on Sundays from midday until 5.00 pm.
  • 9.00 am to 5.00 pm - Offices (Monday to Friday)
  • 9.00 am to 3.00 pm - Banks (Monday to Friday and until lunch-time on Saturda
Public Holidays

Festival Date Detail
New Year's Day January 1 Federal observed
Birthday of Martin Luther King (observed) Third Monday in January Honors Martin Luther King, Jr., Civil Rights leader; combined with other holidays in several states (traditionally January 15)
Inauguration Day January 20 Observed only by federal government employees Washington D.C., and the near counties of Maryland and Virginia. Swearing-in of President of the United States and other elected federal officials. Celebrated every fourth year. Note: Takes place on January 21 if the 20th is a Sunday (although the President is still privately inaugurated on the 20th).
Washington's Birthday or President's Day February, third Monday Honors Washington, but also Lincoln and other past American Presidents as "Presidents' Day." (traditionally February 22)
Memorial Day May, last Monday Honors the nation's war dead; marks traditional beginning of summer. (traditionally May 30)
Independence Day July 4 Celebrates Declaration of Independence, usually called the Fourth of July.
Labor Day September, first Monday after the first Sunday Celebrate achievements of workers and the labor movement, marks traditional end of summer.
Columbus Day October, second Monday Honors Christopher Columbus, traditional discover of the Americas. In some areas it is also a celebration of Italian culture and heritage. (traditionally October 12)
Veterans Day November 11 Honors all veterans of the United States armed forces. A traditional observation is a moment of silence at 11 AM remembering those who fought for peace.
Thanksgiving November, fourth Thursday A day to give thanks for autumn harvest, marks traditional beginning of "holiday season."
Christmas December 25
USA


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