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WBE.Net Newsletter
Release Date: 12-13-07
Gotta Have Seoul
One very
important place to prospect for trade opportunities is South Korea. Korea is one of the world's leading
economies and an outstanding trading partner for the United States. As the twelfth largest economy in the world,
Korea moves more airfreight than any other Asian country and continues to
expand as a major international trade and foreign investment center. With a population of 50 million people,
this 7th ranking American trading partner needs efficient and economical
products as well as upscale high-class items.
Among the best prospects for you to export to Korea are: computer software, automotive parts and
accessories, medical equipment, broadcast equipment, machine tools, cosmetics,
drugs and pharmaceuticals, chemicals, and travel services. Korean consumers are highly educated,
environmentally minded, and have one of
the most Internet-wired economies in the world (a real positive fact for the
Internet-based WBE.Net exporter). They're growing fast and have a
quickly-increasing income level. Add
that to the country's positive attitude toward American products and services -
and you can see Korea is a great place
for American exporters to explore.
Honors To
Women In Business
American businesses
run by women have a proud record of achievement. Every year the 10 million women-owned
businesses in the US generate billions of dollars in sales, while
employing more than 25 percent of US
workers. Every day, 15 hundred women in
America launch new businesses. There is a strong family-friendly aspect,
too - firms owned by women offer more flex-time, profit sharing and tuition for
employees increasing their education.
The survival rate of new
businesses owned by women is also higher than the national rate. As
you, the WBE.Net member look for strong export partners, remember that the
woman-owned business is a good potential partner.
Tools To Use
We can't emphasize enough that America really wants you to
succeed in exporting, which is why WBE.Net
has an active relationship with the US Commerce Department. A great place for the WBE.Net trader to
link to is www.export.gov. A unit of
Commerce, it brings together an amazing
array of resources to help you plan international sales strategies and succeed
in today's global marketplace. From
market research and trade leads to export finance information from the
Export-Import Bank and the Small Business Administration as well as
agricultural export help from the USDA,
export.gov helps you, the WBE.Net
exporter, understand the international sales process and avoid potential
mistakes.
Benefits Of
Exporting
Exporting is crucial to America's - and your
state's - economic health. Increased exporting means business growth, and business growth means more jobs and an increase in personal
wealth. Yet, only a small percentage of potential exporters take advantage
of export opportunities. For your economic well-being , it is important to
think globally. The division between domestic and
international markets is becoming increasingly blurred in this age of
globalization. Any American small
business person cannot ignore
international realities if they want to maintain market share and keep up with
competitors. Meanwhile, how you enter and develop a foreign market is
important. Marketing and distribution practices vary by country and are often
decided by law, custom, or necessity. Some countries may prefer certain
marketing or distribution methods, such as direct sales or use of local agents. Others may control or prohibit them. Some
countries have excellent mass media and
advertising, trade shows, and delivery systems. Some don't. Here
is why WBE.Net can help the exporter:
it is a pioneer of Internet trade.
The Internet has brought the ability to carry out global exports within
reach of individuals so they can trade with nations that even recently did not
have deep communication infrastructure.
Countries that were recently considered to not have an important
presence have stepped up to become import-export players on the world
scene...to everyone's mutual benefit - including your own! |
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