The Global Small Business Blog: foreign trade

Showing posts with label foreign trade. Show all posts

Thursday, June 09, 2022

Globalization Is Alive and Well

©iStock/lukbar

Even as its justifications and the global economy change, the current skepticism toward free trade and globalization remains misguided.

Yes, free trade is under greater attack today than it has been in decades, especially in the United States.

Despite continued public support for foreign trade and globalization generally (even during the height of the COVID-19 pandemic), a bipartisan cadre of American politicians and pundits is increasingly skeptical of, or downright hostile to, the longstanding consensus in favor of trade liberalization.

America can join with more free trade or it can miss out. Fortunately, rumors of globalization's demise have been, yet again, greatly exaggerated. Globalization is alive and well, just changing.

Wednesday, March 04, 2020

New Mexico Small Business Owners Are Exploring International Trade

iStock/Sean Pavone

New Mexico has seen steady growth in foreign trade in recent years yet it can still be an intimidating prospect for a small business owner.

While international trade has more than doubled as a portion of the United States’ gross domestic product over the past six decades, [David] Glaccum [associate administrator for the U.S. Small Business Administration’s Office of International Trade] said many small businesses opt not to export goods and services due to a lack of expertise, as well as a level of comfort in domestic markets.

Glaccum also indicated as few as 1% of American small businesses export goods or services to other countries, even though 95% of consumers live outside the United States.

Read more about how international trade is within reach for New Mexico small business owners.

Wednesday, May 01, 2019

2019 Status of Foreign Trade and Investment Barriers to American Exports Around the World

©iStock/thitivong

From the Office of the United States Trade Representative (USTR):

The National Trade Estimate (NTE) is the U.S. government’s major annual report on the barriers to trade, investment, and services that American exporters and other businesses and their workers encounter around the world. The report is required to be published each year by March 31 and is submitted to the President and Congress. The USTR works closely with other government agencies and U.S. embassies to prepare the NTE.

The USTR is responsible for the preparation of this report.

Access: 2019 National Trade Estimate Report on Foreign Trade Barriers

Fact sheets: