Iowa Admin. Code r. 261-72.2

Current through Register Vol. 47, No.14, January 8, 2025
Rule 261-72.2 - Definitions

"Authority" means the Iowa economic development authority.

"Exporter" means a person or business that sells one of the following outside of the United States:

* A manufactured product.

* A value-added product.

* An agricultural product.

* A service.

"Sales representative" means a contracted representative of an Iowa firm with the authority to consummate a sales transaction.

"Trade mission" means a mission event led by the authority or designated representative. Qualified trade missions must include each of the following:

* Advanced operational and logistical planning.

* Advanced scheduling of individualized appointments with prequalified prospects interested in participants' product or service being offered.

* Background information on individual prospects prior to appointments. Trade missions may also include:

* In-depth briefings on market requirements and business practices for the targeted country.

* Interpreter services.

* Development of a trade mission directory prior to the event containing individual company data regarding the Iowa company and the products being offered.

* Technical seminars delivered by the mission participants.

Iowa Admin. Code r. 261-72.2

ARC 9064B, lAB 9/8/10, effective 10/13/10
Amended by IAB March 27, 2019/Volume XLI, Number 20, effective 5/1/2019