Increased English proficiency and an ever-growing population of Spanish speakers to the north are just two factors that have turned Latin America into an increasingly attractive destination for Call Centers among U.S. and Canadian companies.
Strict requirements sucha as those set by the United States through the Bioterrorism Act and food traceability legislation set by European Union have changed the scenario for small and medium-sized producers wishing to export. However, there are opportunities behind these new regulations.
If you haven’t exported your products to the United States (U.S.), consider this: The U.S. maintains free trade agreements with 12 nations in the Americas and is Latin America’s largest trading partner. Here’s how to determine if it’s the right export market for your SME’s products.
SMEs exporting products or services are often faced with the risk of non-paying customers. This situation can be solved by taking out “export credit insurance” that minimizes this risk without missing out on valuable business opportunities.
The Chinese market can be both attractive and daunting for small and medium-sized enterprises deciding to export their products. However, the opportunity of selling goods or services in a market of almost 1.35 billion people should not be missed.
Geographical indications are words that identify a product originating from a particular place: for example, “tequila”, “champagne” or “parmesan”. The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) sets out international rules that apply to these terms. By means of example, when a name becomes generic it is free to use.
Dispute settlement mechanisms before the WTO only allow members of the Organization, and not private parties, to bring actions for breach of international trade regulations. However, SMEs in developing countries can benefit from their governments’ actions in this regard.
The United States of America, a country with almost 314 million consumers, offers excellent opportunities for Latin American and Caribbean producers. In recent decades, the U.S. experienced a considerable increase in the consumption of food from abroad.
The role of the entrepreneur is changing. They are no longer the garage-dwelling dreamers that have been frowned upon by notions of economic security, but the online driving force in a moving society and economy.
SMEs in Latin America and the Caribbean offer a wide range of benefits in connection with the outsourcing of information technologies or ITO, mainly due to geographical proximity, skilled human capital and cultural affinity. The global ITO market reached U$ 288 billion in 2013 and will continue to grow at least until 2017.
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