NAICS Code 926110-06 - Trade Commissions
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NAICS Code 926110-06 Description (8-Digit)
Hierarchy Navigation for NAICS Code 926110-06
Parent Code (less specific)
Tools
Tools commonly used in the Trade Commissions industry for day-to-day tasks and operations.
- Export.gov
- TradeStats Express
- Global Agricultural Trade System (GATS)
- International Trade Administration (ITA) Market Research Library
- Trade Data Online
- Trade Map
- World Integrated Trade Solution (WITS)
- International Trade Centre (ITC) Market Analysis Tools
- Export-Import Bank of the United States (EXIM) Trade Finance Tools
- U.S. Commercial Service Gold Key Matching Service
Industry Examples of Trade Commissions
Common products and services typical of NAICS Code 926110-06, illustrating the main business activities and contributions to the market.
- Export Promotion Councils
- International Trade Centers
- Trade and Investment Promotion Agencies
- Economic Development Organizations
- Chamber of Commerce International Trade Departments
- Foreign Trade Associations
- Investment Promotion Agencies
- Trade Offices
- Export Assistance Centers
- Trade Development Corporations
Certifications, Compliance and Licenses for NAICS Code 926110-06 - Trade Commissions
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- International Trade Certification: This certification is offered by the National Association of Small Business International Trade Educators (NASBITE) and is designed for professionals who are involved in international trade. It covers topics such as global business management, global marketing, supply chain management, and trade finance.
- Certified Global Business Professional (CGBP): This certification is offered by the North American Small Business International Trade Educators (NASBITE) and is designed for professionals who are involved in international trade. It covers topics such as global business management, global marketing, supply chain management, and trade finance.
- Certified Customs Specialist (CCS): This certification is offered by the National Customs Brokers and Forwarders Association of America (NCBFAA) and is designed for professionals who are involved in customs brokerage and freight forwarding. It covers topics such as customs regulations, tariff classification, valuation, and documentation.
- Certified Export Specialist (CES): This certification is offered by the National Customs Brokers and Forwarders Association of America (NCBFAA) and is designed for professionals who are involved in exporting. It covers topics such as export regulations, documentation, and compliance.
- Certified International Trade Professional (CITP): This certification is offered by the Forum for International Trade Training (FITT) and is designed for professionals who are involved in international trade. It covers topics such as global business management, global marketing, supply chain management, and trade finance.
History
A concise historical narrative of NAICS Code 926110-06 covering global milestones and recent developments within the United States.
- The "Trade Commissions" industry has a long history dating back to the 19th century when the first trade commission was established in Belgium in 1851. The purpose of these commissions was to promote trade between countries and to resolve disputes that arose between traders. In the United States, the first trade commission was established in 1914 with the passage of the Federal Trade Commission Act. The commission was tasked with preventing unfair business practices, such as monopolies and price-fixing, and promoting competition in the marketplace. In recent years, the industry has seen significant growth due to the increasing globalization of trade and the rise of e-commerce. The establishment of the World Trade Organization in 1995 has also played a significant role in the growth of the industry by promoting free trade and reducing trade barriers between countries. In the United States, the "Trade Commissions" industry has undergone significant changes in recent years. The passage of the North American Free Trade Agreement (NAFTA) in 1994 led to the creation of the United States Trade Representative (USTR), which is responsible for negotiating trade agreements and resolving trade disputes between the United States and other countries. The USTR has played a significant role in promoting free trade and expanding access to foreign markets for American businesses. In addition, the rise of e-commerce has led to the growth of online marketplaces such as Amazon and eBay, which have created new opportunities for small businesses to sell their products overseas. Overall, the "Trade Commissions" industry in the United States has seen significant growth in recent years and is expected to continue to expand in the future.
Future Outlook for Trade Commissions
The anticipated future trajectory of the NAICS 926110-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Trade Commissions industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing globalization of trade and the need for countries to establish and maintain trade relationships. The industry is also expected to benefit from the growing trend of e-commerce, which has increased the need for cross-border trade regulations and dispute resolution. Additionally, the industry is expected to benefit from the increasing focus on sustainability and ethical trade practices, which will require the development of new regulations and standards. Overall, the Trade Commissions industry is expected to continue to play a vital role in facilitating international trade and resolving trade disputes in the USA.
Industry Innovations for NAICS Code 926110-06
Recent groundbreaking advancements and milestones in the Trade Commissions industry, reflecting notable innovations that have reshaped its landscape.
- The Trade Commission Of Peru In Miami: The Trade Commission of Peru in Miami was established in 2019 to promote trade and investment between Peru and the USA. The commission provides a range of services to businesses, including market research, trade missions, and business matchmaking. The commission also works to promote Peruvian products in the USA and to attract US investment to Peru.
- The US-China Phase One Trade Deal: In January 2020, the USA and China signed a Phase One trade deal, which included commitments from China to increase its purchases of US goods and services. The deal also included provisions on intellectual property, technology transfer, and financial services. The deal is expected to benefit US businesses in a range of industries, including agriculture, energy, and manufacturing.
- The US-Mexico-Canada Agreement (USMCA): The USMCA, which replaced the North American Free Trade Agreement (NAFTA), was signed in 2018 and came into effect in 2020. The agreement includes provisions on digital trade, intellectual property, and labor and environmental standards. The agreement is expected to benefit US businesses in a range of industries, including agriculture, automotive, and manufacturing.
- The Trade Remedies Modernization Act: The Trade Remedies Modernization Act was signed into law in 2016 and updated the trade remedy laws of the USA. The act included provisions on the calculation of anti-dumping and countervailing duties, the treatment of non-market economies, and the use of alternative dispute resolution mechanisms. The act is expected to benefit US businesses by providing them with more effective tools to address unfair trade practices.
- The US-Korea Free Trade Agreement (KORUS): The KORUS agreement was signed in 2007 and came into effect in 2012. The agreement includes provisions on trade in goods and services, investment, and intellectual property. The agreement is expected to benefit US businesses in a range of industries, including agriculture, automotive, and technology.
NAICS Code 926110-06 - Trade Commissions
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