A Basic Guide to Exporting (after Madoff )
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A Basic Guide to Exporting(after Madoff)
A Basic Guide to Exporting(after Madoff)
Doug BarryU.S. Commercial [email protected]
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After Bernie
• Bernie the symbol• Credit dried up• Worldwide recession• Exports off a cliff• Deficit• High unemployment• Excess Manufacturing capacity
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Trade Snapshot
• Protectionist Stirrings (wheels falling off?)• Knockout WTO Round?• Free Trade Agreements• Immigration• In Search of a Trade Policy
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Trade—The Value Add
• 1 in 5 factory jobs • 1 in 3 acres of farmland• 5 million jobs created by FDI• $770 Billion from foreign tourists• 10,000 plus Michigan companies export $45B• Need to sell more stuff
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Background FactsBackground Facts
• Number of U.S. exporters: 265,000• That are small: 85%• That are SMEs in Michigan: 90%• Percent of all U.S. businesses: less than
2%• Percent in U.K.: 6%• Companies selling to one market: 65%• Potential exporters: 600,000• New Economic Reality = More exports
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Michigan MarvelsNorthern Antler
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Benefits
• More sales• Preserve/create jobs• Distribute risk• Maximize production capacity• Product improvement• Better management and customer service• Can be transformative
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Within Our Power
• Secretary’s Detroit Initiative• Review of Export Controls• Call the Commercial Service• Support your local Community College• Web sites and social media• Tap other government resources (MEP)• Antlers to Pakistan
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At Home in the Worldor Bye-Bye Bernie
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