Export Portal Is Optimistic Despite Of Looming Uncertainty Over Free Trade Agreements
GLENDALE, Calif., Nov. 16, 2016 /PRNewswire/ -- Donald Trump's election to the White House has created uncertainty in the export and import industry. President-elect Trump's ambitiously arrogant statements on free trade may result in tumultuous concerns from global trade partners. Trump has bluntly stated that he is opposed to the Trans-Pacific Partnership (TPP) and the North American Free Trade Agreement (NAFTA).
Trump's protectionist position and restraint on foreign trade with US' current trading partners would result in weaker investments as well as a drastic slowdown in export import transactions globally. An evident consequence from weakened investment and export is a shrinking global market for US companies who are exporting their goods.
Export Portal believes that President-elect Trump's plans of withdrawing from its current free trade agreements with Mexico, China, and other countries is detrimental to international trade. Increasing the tariff on Chinese imports to 45%, while renegotiating NAFTA, as well as imposing a 35% tax on American companies who export jobs to other countries would only increase the price of goods sold in the United States.
According to Stockton University professor of finance Michael Busler, there is no guarantee that manufacturing companies would move back to the US. Busler states that, "all it will mean is US consumers have to pay 35% more for the products that are made outside the country."
While Export Portal aims to provide simpler and safer international transactions to their members, they are also contributing their part by advocating for free trade agreements that is fair and beneficial to all parties involved.
Export Portal is able to participate in this type of dialogue because they are part EXIMA, an international network for exporters and importers. Through EXIMA, members are not only provided new opportunities. Members get constant updates and information on trade regulations – locally, nationally, and globally.
Uncertainty still looms over President-elect Trump's free trade policies but, as an international trading platform, Export Portal aims to cultivate a harmonious trading relationship between countries and businesses. Whether a business is new or well-established, Export Portal and EXIMA will help businesses expand, find new opportunities, and boost their profits through free trade.
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Export Portal demands an end to a politically-driven trading rhetoric and to focus on international trade and business. As one of the most reliable trading platforms, Export Portal believes that a rhetoric-based trading system is a dangerous way to conduct international business.
Export Portal announces that they support all UK manufacturers and sellers. As the leading international trading platform, Export Portal is ready to do business with all countries during the Brexit transition.
Since 2011, Export Portal has been building its web system to provide easier and more secured transactions to the global community. Export Portal's steady growth has rapidly spread around the globe with at least 10,000 active users. Export Portal is confident that they can help reinvigorate the export and import industry.
After much delay and objections, the European Union and Canada signed a trade agreement on Sunday, October, 30 2016, that opens both their economies to foreign businesses. Export Portal is delighted that the Comprehensive Economic and Trade Agreement, or CETA, has been green lighted in to action. According Canadian Prime Minister Justin Trudeau, CETA will be "good for the middle class and those working hard to join it." Through CETA, Canadian-EU trade will increase by 20%, which will b