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WBE.Net
Newsletter
Release
Date: 4-17-08
WBE.Net Heads-Up:
Good News Down Under
Australia loves American products
and employs a network of agents and distributors that
carry US products and services. Australia has one
of the world's best financial, legal and political
systems; a world-class infrastructure; advanced communications
networks; modern land, sea and air connections; and
strong intellectual property protection. The recent
Free Trade Agreement that's been put in place between
the US and the Aussies, along with the strength of
the Australian currency, have created huge export
opportunities for the WBE.Net trader. To reach Australia's
official trade site, click to www.austrade.gov.au/.
US-Based Resource
for Electronic and Oil Exports
Your WBE.Net Newsletter staff
loves to surf the Net, looking for juicy leads. Here's
one that appears to have potential: a Texas-based
firm called Electronic Supply / Angie Electronics.
They've been in business for 45 years and boast a
large inventory serving the petrochemical, pipeline
and energy industries. They claim access to an unlimited
number of sources worldwide that can help you with
projects from start to finish, "always treating
you with the caring attitude and the respect you deserve,
with a knowledgeable staff, worldwide product availability
and which can help you with all of your industrial
needs." Major machinery is one of America's strongest
export sectors, so this company might be of use to
you as we plow through tough economic times. For more
info, click to www.electronicsupplyusa.com/.
Developing
an Export Plan
Once you have decided to export
products abroad, you'll want an export plan. The main
idea is to get your facts together, learn what limitations
might be in your path, and to set your goals. Then
you will have an action statement that takes all of
these into account. The following questions should
be addressed: What do you want to export? What modifications,
if any, must be made to adapt the product for overseas
markets? Which countries do you want to export to
and what marketing and distribution channels should
you choose? How will you figure out your export's
sale price? The first time you create your export
plan, keep it simple. It should only be a few pages
long, and then, let the more detailed market elements
enter as you get deeper into your research.
The 411 on
FTAs
Free Trade Agreements (FTAs)
can help you enter and compete more easily in the
global marketplace. They help level the playing field
and encourage foreign governments to adopt open and
transparent rule-making procedures, as well as non-discriminatory
laws and regulations. FTAs help in getting rid of,
or reducing, tariff rates, strengthening intellectual
property protections, and much more. International
trade is a huge part of the US economy, accounting
for more than one-quarter of America's money supply
and supporting more than 12 million US jobs.
Many Monies
- What to Do?
WBE.Net traders: There is
a resource called Universal Currency Converter which
contains the top 85 money systems sorted by country
- listing the ten most popular currencies first. It
allows you to perform currency and foreign exchange
rate calculations, using live, up-to-the-minute currency
rates. To learn more, click to www.xe.com/ucc/.
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