Business Development & Procurement Strategies International Expansion
International trade and Technology has changed our world drastically over the last decade. The world-wide expansion of trade has been largely possible because of reductions in transaction and communication costs stemming from technological advances. Trade and economic growth are proved to be strictly related, contributing to jobs creation and income growth.
“The United States is the world's largest economy and the largest exporter and importer of goods and services. Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.
The U.S. is the world's largest trading nation, with exports of goods and services of nearly $2.3 trillion in 2013.
- U.S. goods and services exports supported an estimated 11.3 million jobs in 2013.
- Every billion dollars of goods and services exports supported nearly an estimated 5,600 jobs in 2013. Every billion dollars of goods exports supported more than 5,400 jobs in 2013. Every billion dollars of services exports supported more than 5,900 jobs in 2013.
- An estimated 25 percent of all manufacturing jobs are supported by exports.
- U.S. agricultural exports supported an estimated 929 thousand jobs on and off the farm in 2012 (latest data available).
- Every billion dollars of U.S. agricultural exports in 2012 (latest data available) required 6,577 American jobs throughout the economy.
- US jobs supported by goods exports pay 13-18 percent more than the US national average.
- Exports of goods and services full year share of U.S. GDP at 13.45 percent in 2013.
Trade expansion benefits families and businesses by:
- Supporting more productive, higher paying jobs in our export sectors
- Expanding the variety of products for purchase by consumers and business
- Encouraging investment and more rapid economic growth
Trade keeps our economy open, dynamic, and competitive, and helps ensure that America continues to be the best place in the world to do business.”
Source:
Office of the United States trade Representative, Executive Office of the President,
https://ustr.gov/about-us/benefits-trade
WHY IS International Trade IMPORTANT? As highlighted by the U.S. Chamber of Commerce
- Jobs. More than 41 million American jobs depend on trade, and trade is critical to the success of many sectors of the U.S. economy.
- Growth. According to economic data from the Federal Reserve Bank of St. Louis, U.S. real manufacturing output has risen by nearly 80% over the past 25 years. This represents the continuation of a long trend: U.S. manufacturing value-added has grown eightfold since 1947 in real terms.
- Business. 98% of the roughly 300,000 U.S. companies that export are small and medium-sized businesses, and they account for one-third of U.S. merchandise exports, according to the U.S. Department of Commerce. The number of small and midsized firms that export has risen about threefold over the past two decades.
- B2C e-commerce: U.S. is the largest B2C e-commerce national market in the world, and second in the digital travel market.
- Trade & Manufacturing: U.S. exports of manufactured goods reached nearly $1.3 trillion in 2016, accounting for nearly 60% of all U.S. exports. The U.S. Department of Commerce estimates that exports of manufactured goods directly support approximately 6 million U.S. factory jobs—roughly half of all manufacturing employment.
- Trade & Services: The United States is by far the world’s largest exporter of services, and America’s globally competitive service industries—including audiovisual, banking, energy services, express delivery, information technology, insurance, and telecommunications—benefit immensely from opportunities abroad. U.S. exports of services are also booming, reaching $750 billion in 2016 and achieving a trade surplus in services of $248 billion, according to the U.S. Department of Commerce.
- Trade & Farming: American farmers and ranchers also depend on exports. The same is true for America’s farmers and ranchers. One in three acres on America’s farms is planted for exports.
Likewise, developed markets like Europe, the Middle East, Asia and Pacific, as well as emerging nations in South America and Africa are looking at the North American market. In particular, Europe remains the top trade and investment partner of the United States. Specifically:
- Total US investment in the EU is three times higher than in all of Asia.
- EU investment in the US is around eight times the amount of EU investment in India and China together.
- EU and US investments are the real driver of the transatlantic relationship, contributing to growth and jobs on both sides of the Atlantic. It is estimated that a third of the trade across the Atlantic actually consists of intra-company transfers.
- The transatlantic relationship also defines the shape of the global economy as a whole. Either the EU or the US is the largest trade and investment partner for almost all other countries in the global economy.
- The EU and the US economies account together for about half the entire world GDP and for nearly a third of world trade flows.
source: European Commission, date of retrieval: 15/02/2017
With a specific focus on the following industries: Commercial Real Estate & Infrastructure, Energy & Renewables, Water & Power, Transportation, Manufacturing, Advanced Materials, Carbon & Nanotechnologies, Information Technology & Cloud Computing, Retail & E-Commerce, Clean/Green-Technologies, Biomedical, Outdoor & Sporting Goods, Fashion, Cosmetics, Tile, Food & Beverages, Food Technology, Industrial & Transportation Catering, C&Z GLOBAL is the ideal partner for your International Expansion, providing a broad range of multi-disciplinary professional services to grow in the international market place and and identify long-term trade, financial and technology partners, including:
- Analysis, conceptualization, development, negotiation and execution of International Trade Strategies (Business-to-Business and Business-to-Consumer),
- Optimization of Free Trade Agreements and Free Trade Zones usage, Import-Tariffs Strategies/Optimization;
- International Regulatory Product Safety Compliance;
- Conceptualization, Review, Enhancement and Management of Corporate Governance Policies and Best Practices for the international market place;
- Strategic, Economic, Market and Competitive Dynamics Research, Analysis, Market Studies;
- Due Diligence Reviews of potential International Trade Partners, and ongoing Performance Monitoring;
- International Visibility Enhancement and National/International Contacts/Relations;
- Identification, Preparation, Participation to Foreign Trade-Shows and Industry Associations Meetings.
Whether for U.S. companies aiming at expanding in the Global market place, or international companies aiming at assessing the North American Market, directly, or by online sales, distribution and retail partners, or unconventional/alternative sale-channels, C&Z GLOBAL leaders have decades of experience and unique contacts to contribute to your contribute to your international growth and success.
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