Every year the US exports 2.2 Trillion dollars in goods and services. According to the Small Business Administration, only 1 percent of US small businesses export. That means the majority of exporters in the US are large enterprises. Frankly, international trade in goods or even services can be scary for a small business. There are…
Tag: export
The Korean Quotient: Hedging Bets in Asia
With just 22 percent of its topography composed of arable land, South Korea is a nation of hills and mountains. Island nations and nations with little arable land must often balance between domestic production and international imports to feed its citizens and maintain prudent import/export levels. While rice is the Republic of South Korea’s (ROK)…
Turkey: Innovative Trade Hub of the Future
In 2013 Turkey’s Simplified Customs Corridor with Russia amassed a trade volume of $100 million dollars, by 2015 the trade volume had rose by nearly 50 percent to 142 million dollars. The rise in trade volume for this voluntary agreement signed in 2008 helps exporting companies simplify customs procedures. Due to its key position in…
A Trade War of the Worlds
In 2014, China held over a third of U.S. debt, amounting to nearly 18 trillion USD. In just four years, that number has dwindled to a paltry 1.18 trillion, due in large part to China’s rapid sell-off of American currency. In the past, nations sought U.S. dollars as a guarantee to ensure fiscal stability due…
Is NAFTA a Roadmap for Africa’s Continental Free Trade Agreement?
The deadline to renew the North American Free Trade Agreement (NAFTA) is set for the end of March; but it is currently under renegotiation, with the U.S. and Canada making some of the biggest changes. The current administration has been skeptical of NAFTA’s economic benefit; with experts also disagreeing over how effective the agreement has…
Nigeria, Rebuilding Momentum in the World Economy
In 2012 Nigeria generated nearly 150 billion in exports; but in just a over a year, trade had dropped by nearly half, at 90 billion. Few know that the United States is Nigeria’s largest export destination receiving much of its revenue from oil and crude. While many Nigerians blamed the precipitous drop that rocked the…
Lela Winston 