Article: Is Your Business Benefiting From The Export Trading Company Act Of 1982?
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Is Your Business Benefiting From The Export Trading Company Act Of 1982?
The advantages of exporting are clear. Increased exports greatly benefit a country?s economy, because they create jobs, stimulate economic growth, bring in tax revenues, and enable domestic industries to compete in international markets. Firms that export can grow faster, because they can utilize idle capacity, reduce dependence on domestic markets, increase product lifecycles, and simply make more money.
Previously, the vast U.S. domestic market usually provided American companies ample opportunities to grow and remain profitable. Now, domestic market saturation and increased international competition are taking their toll, leaving U.S. companies with tighter margins and little room for growth. This forces many businesses to look to international markets for new opportuniti...
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