May 2006
 Jim Woods, Club President
Contact Jim
Plenty to Do
“These days all of us are just real busy! We appreciate your hectic calendars and are
striving to continue providing relevant and essential information to you, our
members. We are excited to present
several exciting events over the coming months.” said Jim Woods,
President. “Thank you for your
continued support and outstanding attendance at all events thus far in 2006. The rest of 2006 there is Plenty to Do with
the MWTC and we especially hope to see you out on the links June 20th!”
Tuesday May 16th MWTC Luncheon Speaker Announced
Foreign Exchange Risk Management:
Emphasis - China’s Move Towards A Floating
Yuan
Chickasaw Country Club – Noon
Please RSVP
Early as this event will fill up quickly!
The Memphis World Trade Club is pleased to announce that Bernard V. Garra, Senior Vice President and
Division Head of Foreign Exchange at ABN Amro Bank of Chicago will be
our May 16th noon luncheon speaker. Bernard’s visit to Memphis is courtesy of ABN Amro’s Tennessee business
partner - AmSouth.
Foreign
exchange risk management is an issue that many companies fail to address
properly. As the global marketplace
continues to grow, companies doing business abroad will find that dealing in
the home market currency will bring price transparency to their
transactions. In order to maximize this
benefit, companies need to actively manage their currency risk through the
use of hedging products. China is a
good example of this trend. Due to the
managed exchange rate of the Chinese Yuan, companies dealing in China have up
to now benefited from paying for goods in US dollars. As China progresses toward a
floating exchange rate environment, companies that have positioned themselves
to manage the exchange rate risk will be able to best manage the impact this
change will have on their cash flows. (photo courtesy of AP & BBC)
For Mr. Garra’s comprehensive biography, please click here.
If you would like to attend the May 16th
MWTC Luncheon, and learn more
about this subject, please make your
reservations online at the Club’s website: http://www.memphisworldtradeclub.com/rsvptestmwtc.php
Important you RSVP by 3:00pm on Fri May 12. Walk-Ins will not be guaranteed plates or
seats. This event will sell out
quickly. Please note, RSVPs equate to guaranteed payment to the club.
Club Calendar &
Meeting Reservations Online Click
 International
Council: Salute to Costa
Rica
The Memphis World Trade Club, in conjunction with the Memphis
Regional Chamber, The Memphis
In May International Festival, The Tennessee District Export Council and The
Export Assistance center, is pleased to announce the May 11th
luncheon honoring Costa
Rica.
The event which presents opportunities in Costa Rica for Memphis companies will be held at the
Hilton from 11:30 to 1:30. Please click here for complete
details. (photo courtesy of photo.net)
Memphis
World Trade Club Tees It Up
June 20th at Memphis National
Please join us on Tuesday June
20th at Memphis National
for our golf tournament. It will be
fun and at a wonderful facility. We
are planning on having some really cool prizes and the usual great time. The fee is $100 per person. Some tournament sponsorships are still
available: Holes $150, Driving Range or Putting Green at $200
each. We still need door prizes. Click here for complete
details…
New Orleans
Trade Mission
/ Port Tour – Sep 15? (TBA)
The trip date
has not yet been finalized. We are
tentatively looking at the weekend of September 15th. The idea is to have a trade mission. There  will
still be the customary Port & Vessel Tour, as well as rooms at a hotel in
the Quarter. This time in addition to
the port educational component, we will be planning a series of meetings and
events to illustrate to Memphis
and surrounding business leaders what is working. We will show how we as Members can again
engage the Crescent
City, as they work to
rebuild. Thanks again to Steve Tuttle
and Ben Jabbour for their yeoman efforts.
Save the date and stay tuned for more details. If you would like to go ahead and bookmark
the New Orleans Trade Mission page, click here and
you will be directed to that evolving page
Where Are Your Pieces of
Flair? You Need A MWTC Hat!
We can see
you wearing it at our June 20 golf tournament already…
 
April Medtronic Sofamor Danek Luncheon Was a
Success!
Many thanks to Russell Powers, V.P. International, Medtronic
Sofamor Danek, for speaking to our club in April. Russell’s information about the global
challenges faced and projected growth of Medtronic, particularly overseas,
should have been of particular interest to our Members.
Membership Renewals &
Updated Member Contact Information
Historically there is a mad rush just before Port Night to
renew memberships. Thank you for your kind attention and renewals. Please consider an early membership renewal
which will balance out the volunteer workload on the Board members and friends
of the club that coordinate the membership process.
Please also ensure the club has several ways to contact
you. We maintain this data
confidentially and would for example only try a backup personal e-mail or
home number ONLY to reach you if you were no longer at a former company. If you switch jobs and we don’t know about
it, your club e-mail or faxes will keep going to the old location in our
database and your listing becomes stale.
Then there is no other way to let you know about our meetings and news. Much like a continuous bond, YOU are the
club member and we want your membership to stay active, even if you switch
companies.
Buy Banner
Ads…
Club website scrolling
Banner Ads, you’ve seen them on the site, - only $150.00 year. More Info - Jim Woods… Contact Jim
Volunteer to help with Club Events
Our Club’s success depends on your involvement. You are the Club. If you are
interested in assisting with various Club events throughout the year, such as
the golf tourney, the New Orleans
train trip, Port Night, etc., then please contact Jim Woods, Club President. Contact Jim
Membership Inquiries
If you are interested in joining the Club, please contact Susie
Roye, Second Vice President, at 901-363-0050 ext 2172 or E-Mail or visit Be A Member
Event, Speaker or Media Inquiries
If you are have a media
inquiry, are interested in speaking at an upcoming function or simply have some
event or topic suggestions, please contact Carey Treadwell, First Vice
President, at 901-259-8393 or CareyT@MalloryGroup.com
About The Memphis
World Trade Club
We are one of the largest
International Trade Clubs in the southeast part of the United States. Founded in 1947, the Memphis World Trade Club boasts a
membership close to 300, with events that bring together over 1,000 people
each year. Our objective is to promote
participation and growth in international trade, and to provide a medium in
which to exchange information and ideas in an international networking
environment.
We are the key
organization in our region to meet importers and exporters, ocean carriers,
railroads, truckers, airlines, customs house brokers and forwarders, port
representatives, international bankers, and more.
We are proud of our
partnership with the Memphis
Regional Chamber of Commerce, and equally proud to support the dynamic
distribution and logistics industry located in and around the Memphis area.
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