SMEs involved in international markets are twice as likely to succeed than those that operate only domestically.
Tuesday, February 26, 2013
From an article in DHLnews.com:
Small and medium sized enterprises focusing on internationalization thrive in the "global world"
A study by DHL shows that SMEs involved in international markets are twice as likely to succeed than those that operate only domestically.
There is growing concern about international trade between SMEs
Infrastructure of the twentieth century, high tariffs and a lack of information about international trade are the main obstacles for SMEs
Trade and international cooperation have become a key factor in small business, as a deep-reaching study by the consulting firm IHS and DHL Express reveals.
This commercial alliance aims to assist Nicaraguan small and medium industrial companies.
Signed between NACC (American Nicaraguan Chamber of Commerce) and CADIN (Nicaraguan Chamber of Industries), the alliance looks to foster and promote bilateral trade.
Alfonso Oviedo, NACC president, commented that "the alliance will strengthen trade and exporting mechanisms for SMEs.
The IDB announced the granting of a million dollar loan to promote foreign trade in the country.
The use of the loan will be focused primarily on the search for new markets for small and medium companies.
The financing will be used to promote exports, trade missions, participation in specialized fairs, and the identification and development of new export opportunities for the companies.
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