Around the world, from the U.S. and China to Japan and South Korea, with instability due to Brexit in the EU, global traders are easing off. The International Monetary Fund forecast global growth at 3 percent for 2019, which is the lowest since 2009.
Despite dips in the global trade market, in order to continue to grow the global economy as well as themselves, many economists argue, according to an article by BBC News, business leaders must continue to expand to new markets, uphold brand consistency and continue to export abroad.
Despite dips in the global trade market, in order to continue to grow the global economy as well as themselves, many economists argue, according to an article by BBC News, business leaders must continue to expand to new markets, uphold brand consistency and continue to export abroad.
The article mentions various forms of successful exporting ventures, including lapis lazuli found in the tomb of Egyptian pharaoh Tutankhamun, believed to be from Afghanistan; silicon, most of which is mined and exported out of a small town in North Carolina; and Peru and Kenya's global efforts in flower exportation.
Think of the things we use every day; very few of our belongings are created from scratch in just one community. Consider your smartphone, which is made with goods not just from China, but Japan, Korea and California. Now think about your car; your engine might be from Japan, while your transmission might be from India. If we were to see a major decline in exporting, we'd also see a major decline in our quality of life.
According to the BBC article, agencies around the world traded more than $25 trillion in goods and services in 2018 alone, which equals the value of products affected by U.S. and Chinese tariffs 50 times over. So, while tariffs may be a reality, curbing your exporting will only hurt your business in the long run.
To read more about why exporting is so important, especially right now, read "Tensions highlight the importance of global trade" by BBC News.
Think of the things we use every day; very few of our belongings are created from scratch in just one community. Consider your smartphone, which is made with goods not just from China, but Japan, Korea and California. Now think about your car; your engine might be from Japan, while your transmission might be from India. If we were to see a major decline in exporting, we'd also see a major decline in our quality of life.
According to the BBC article, agencies around the world traded more than $25 trillion in goods and services in 2018 alone, which equals the value of products affected by U.S. and Chinese tariffs 50 times over. So, while tariffs may be a reality, curbing your exporting will only hurt your business in the long run.
To read more about why exporting is so important, especially right now, read "Tensions highlight the importance of global trade" by BBC News.
Why Export Success?
Export Success is strategically designed to meet the needs of small- and medium-sized business interested in expanding into global markets. Export Success at the Toledo Regional Chamber of Commerce can help you and your company develop plans to identify global markets, improve export efficiencies, understand export financing and develop market entry strategies. Export Success participants meet approximately once a month over a catered breakfast for a targeted topic session.
Some of the topics we will discuss are:
For more information about Export Success and how to register contact Sabrina D’Onofrio at 419.243.8191 or sabrina.donofrio@toledochamber.com.
Export Success is strategically designed to meet the needs of small- and medium-sized business interested in expanding into global markets. Export Success at the Toledo Regional Chamber of Commerce can help you and your company develop plans to identify global markets, improve export efficiencies, understand export financing and develop market entry strategies. Export Success participants meet approximately once a month over a catered breakfast for a targeted topic session.
Some of the topics we will discuss are:
- International Sales Process
- Legal Issues
- International Marketing, Banking, and Finance Issues
- Logistics and Incoterms
- Cross Cultural Communication
- How to Develop and Execute and Export Plan
For more information about Export Success and how to register contact Sabrina D’Onofrio at 419.243.8191 or sabrina.donofrio@toledochamber.com.
What You Should Know
International Market Access Grant for Exporters (IMAGE) will reimburse your company 50 percent, up to $7,500, in eligible export related activities. Export Success is also eligible for 50 percent reimbursement if you apply for the IMAGE Grant. Funds are allocated on a first come, first served basis so register today! The deadline to apply is Feb. 28.
International Market Support Program (IMS) gives Ohio companies access to a vast network of offices and in-market representatives throughout the world. They’ll provide you with invaluable firsthand market research, assistance locating new international customers and in-country support.
Ohio Export Internship Program (OEIP) provides Ohio companies with a trained, full-time summer intern that will focus on export development. You’ll receive up to $3,600 reimbursement for half of the intern wages. The deadline to apply is Feb. 1.
To register for any of these programs please contact Sabrina D’Onofrio at 419.243.8191 or sabrina.donofrio@toledochamber.com or visit: development.force.com/CustomLogin.
International Market Access Grant for Exporters (IMAGE) will reimburse your company 50 percent, up to $7,500, in eligible export related activities. Export Success is also eligible for 50 percent reimbursement if you apply for the IMAGE Grant. Funds are allocated on a first come, first served basis so register today! The deadline to apply is Feb. 28.
International Market Support Program (IMS) gives Ohio companies access to a vast network of offices and in-market representatives throughout the world. They’ll provide you with invaluable firsthand market research, assistance locating new international customers and in-country support.
Ohio Export Internship Program (OEIP) provides Ohio companies with a trained, full-time summer intern that will focus on export development. You’ll receive up to $3,600 reimbursement for half of the intern wages. The deadline to apply is Feb. 1.
To register for any of these programs please contact Sabrina D’Onofrio at 419.243.8191 or sabrina.donofrio@toledochamber.com or visit: development.force.com/CustomLogin.
 | Sabrina D'Onofrio, CGBP, CBA Sabrina D’Onofrio joined the Toledo Regional Chamber of Commerce Small Business Development Center in 2012. Sabrina is now the Export Assistance Network (EAN) Director and covers 18 counties in Northwest Ohio. Sabrina has regular communication with the other 6 Export Assistance Network Directors in the state to discuss questions or gather information. |
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