Exports often get little attention from trade critics, but President Obama used his State of the Union address to stress the opportunities for economic growth through exporting.
Importers beware! As of Jan. 26, U.S. Customs and Border Protection will begin enforcing new rules that could result in a $5,000 fine per violation. Moreover, failure to comply could delay your shipment.
The heads of six federal agencies are on the second half of an eight-city blitz to sell local businesses on how they can successfully leverage government export assistance to expand sales of U.S. goods and services in foreign markets and increase their bottom lines.
Second of three articles.
Doing business in the global arena can be an overwhelming experience, especially if you are physically traveling abroad. Approach your global experience as you would a final exam — if you prepare, you will feel comfortable and will exude confidence and poise.
The 2012 Olympics in London may be three years away, but the Brooklyn International Trade Development Center (www.brooklynexport.com) at Medgar Evers College, Brooklyn, N.Y., already is working to get New York-area companies to take advantage of the numerous related contract opportunities.
Small and medium-sized firms that export stand to benefit under President Obama’s international trade agenda.
“Trade and commercial policies should help small and medium-sized firms become more integrated as effective competitors in the global marketplace,” an official statement on the president’s trade agenda says.