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Payne part of new study and panel discussions that focus on increasingly complex trade regulations, U.S. Customs rules and growing market opportunities for Swiss biotech companies
MILWAUKEE, Wis. – Addison-Clifton, LLC today announced that president Ulice Payne, Jr., spoke and presented a research paper on international biotechnology trade issues at a conference Thursday in Zurich, Switzerland.
At the conference, entitled “The U.S. Market for Biotechnology – Opportunities and Challenges for Swiss Biotech Companies,” Payne helped present the findings of a new study that examines opportunities in the U.S. for foreign biotech companies. The study, organized by Swiss trade officials, includes Payne’s analysis and review of regulatory issues and challenges regarding the importation of biotechnology products into the United States.
Payne’s presentation focused on increasingly complex U.S. Customs and trade regulations and offers recommendations for developing compliance systems regarding the importation of foreign biotech products. Payne’s analysis also offered recommendations for Swiss biotech product manufacturers seeking to sell and distribute their products in the United States.
“Global distribution is an increasingly important part of the growing biotechnology industry. Biotechnology companies from Switzerland and throughout Europe are looking closely at the United States and Wisconsin. New biotechnology applications and different biotechnology products will only make the international economic equation more complex,” Payne said. “This is a tremendous opportunity to help share new information with international business leaders who may be looking to start or expand their distribution into the United States.”
Payne has been invited to give a similar presentation at the world’s largest biotechnology conference – BIO2006 – in Chicago at the McCormick Place Convention Center on April 9-12. The conference is organized by the Biotechnology Industry Organization and will include presentations on various issues relating to the business, science and regulatory climate for stem cell research, agricultural and industrial biotech. Other speakers include former President Bill Clinton and ex-CIA Director James Woolsey.
More than 20,000 biotechnology executives, investors, scientists and others from an estimated 60 countries are expected to attend the conference, which is coordinated by the Biotechnology Industry Organization. A delegation led by Governor Doyle of more than 150 Wisconsin business leaders will attend, as well.
Addison-Clifton, LLC provides global trade compliance advisory services to help clients with international trade by reducing the cost of cross-border transactions and creating a competitive advantage in the international economic arena. Addison-Clifton, LLC has offices in Milwaukee; Chicago; and Shanghai, China.