The Department of Commerce’s U.S. Commercial Service announced a new initiative with UPS (NYSE: UPS) to grow exports from U.S.-based small- and medium-sized enterprises. The agreement is designed to provide firms an array of both public- and private-sector resources to make exporting even simpler.
“Exports are on the rise and there has never been a better time to trade," said Israel Hernandez, Assistant Secretary for Trade Promotion and Director General of the U.S. and Foreign Commercial Service. "More than 70 percent of the world’s purchasing power is beyond our borders, and this agreement will make it easier for U.S. businesses to establish and grow their international sales. UPS brings a proven global track record that will enable more U.S. small- and medium-sized businesses to access and benefit from our combined export tools and resources.”
The U.S. Commercial Service’s export services network extends around the world to more than 250 branches in 78 countries. The U.S. Commercial Service helps companies enter international markets with services including market research, trade events and introduction to qualified buyers and distributors as well as counseling and advocacy.
By linking with the U.S. Commercial Service, UPS can provide additional resources to its small- and medium-sized exporting clients, beyond its broad portfolio of shipping services.
“UPS is uniquely positioned to help smaller businesses export their goods,” said Alan Gershenhorn, president of UPS International. “Our teaming with the U.S. Commercial Service will give small- and medium-sized exporters the necessary resources to move goods, information and funds seamlessly around the world.”
UPS provides an array of international time-definite transportation services for U.S. exporters. UPS also provides technology solutions such as UPS TradeAbilityTM and Quantum View® Manage. UPS TradeAbilityTM helps international shippers quickly and easily identify specific country tariff codes to calculate duties. Quantum View® Manage identifies every package moving toward a customer’s location, provides an alert if a package is delayed and provides tools to help importers clear shipments into the country if they get delayed at the border.
Today, 95 percent of the world’s consumers are located outside the United States. U.S. businesses export goods around the globe to these consumers, however only a small share of U.S. export value comes from small- and medium-sized enterprises. Greater involvement of these companies in export markets could create significant job opportunities in the United States.
UPS is the world’s largest package delivery company and a global leader in supply chain services. It offers an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, GA, UPS serves more than 200 countries and territories worldwide. UPS' stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.
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