Page 18 - Plastics News October 2023
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AIPMA AT WORK
• Ms. Geetha Rajavarapu, US Paralegal Expert
• Mr. Sunil Sethi, Logistics Expert
Why USA is a Key Market ?
1. USA imports in the chapter 39 accounts for almost 11% of world trade with an GAGR of 7.8% - a lucrative
market
2. Increasing Indian Exports to USA represents favourable conditions for Indian Exporters with an exponential growth
potential.
Chapter 39 USA Imports Values in USD Billion
USA imports as %
Year World Trade USA
of world trade
2018 671.16 61.72 9.20%
2019 640.82 60.35 9.42%
2020 612.44 62.34 10.18%
2021 802.32 82.38 10.27%
2022 820.76 89.88 10.95%
Chapter 39 - USA Imports Trend Values in USD Million
Total USA Import from Indian USA Exports as % to total
Year Yearly Growth Yearly Growth
Imports India USA imports
2018 61,720 654 1.06%
2019 60,355 -2.21% 707 8.10% 1.17%
2020 62,342 3.29% 681 -3.68% 1.09%
2021 82,384 32.15% 1095 60.79% 1.33%
2022 89,879 9.10% 1434 30.96% 1.60%
The webinar's focal points included an in-depth exploration of expansion strategies, visa options, taxation and regulatory
norms, and warehousing and logistics. The experts' presentations were followed by a lively Q&A session, during which
attendees gained a comprehensive understanding of the finer nuances of venturing into the US market.
This enlightening webinar saw participation from over 60 individuals from various sectors of the plastic industry, provid-
ing a valuable platform for Indian plastic companies to confidently pursue their international expansion objectives. With
the knowledge and strategies gained, they are well-equipped to venture into the promising United States market.
Key Takeaways:
Comprehensive Expansion Strategy
Visa Options
Taxation and Regulatory Compliance
Warehousing for Quick Order Fulfillment
The webinar concluded with a vote of thanks by Mr. Manoj R. Shah, Senior Vice President of AIPMA, marking the event
as a significant step toward empowering Indian plastic industry players to confidently pursue their international expan-
sion objectives, particularly within the dynamic US market.
The insightful webinar undoubtedly provided a roadmap for the Indian plastic industry's strategic growth trajectory in
the United States, fostering optimism and enthusiasm among industry professionals for a promising future in interna-
tional markets.
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