Small-Medium Sized Businesses & International Trade

International TradeEnterprises engaged in international trade and cooperation are twice as likely to be successful as those that only operate domestically, according to a study done my HIS Global Insight and DHL Express.

We are becoming a more globalized world, and businesses need to be able to keep up with this trend in order to survive.

“[We] firmly support the view that international trade creates tremendous value for SMEs (small- to medium-sized businesses). It not only opens up new markets for their products and services, but also gives them access to international best practices and innovations,” said DHL Express CEO Ken Allen.

The South Florida Business Journal named the following countries the top trade partners of South Florida:

  1. Brazil – $13,688.3 MILLION in total trade, January – October 2012
  2. Colombia – $8,101 MILLION in total trade, January – October 2012
  3. Switzerland – $7,539.7 MILLION in total trade, January – October 2012
  4. Costa Rica – $6,147.1 MILLION in total trade, January – October 2012
  5. Venzuela – $5,494.5 MILLION in total trade, January – October 2012

The DHL study revealed that small to medium sized businesses are concerned with the lack of available information on foreign markets, high customs duties, difficulty establishing contracts with different foreign enterprises and the ability to generate an overseas customer base. Here at Boyer Law Firm, our expertise in International Law can guide you through every step of this process.

Sources: South Florida Business Journal

Jaxport Looking for New CEO

JaxportThe Jacksonville Port Authority (JAXPORT) is looking for a new CEO, and a state representative and the current interim CEO both want the job. The position opened last month when the former CEO Paul Anderson left to take the top post at the Tampa Port Authority.

Jaxport is a full-service, international trade seaport in Jacksonville, Florida. It handles containerized cargo, automobiles, recreational boats and construction equipment, dry and liquid bulks, breakbulk commodities, and oversized and specialty cargo.

The facilities owned by Jaxport include dock and wharfs, cranes, a passenger cruise terminal, warehouses, paved open storage areas, and road connections to the public highway system. Their mission is to contribute to the economic growth and vitality of Northeast Florida by fostering and stimulating commerce through the Port of Jacksonville.

Here at Boyer Law Firm, we have assisted clients through the processes of trade, importing and exporting goods, and customs law. If you need help with any of these areas in Jacksonville or other parts of Florida, please contact us today.

Sources: Jacksonville Business Journal ; Jaxport.com