- Category: Business
- Published on Sunday, September 18 2011 05:02
- Written by Rod Hughes
- Hits: 1016
The export promotion agency PROCOMER this week launched its counseling service for exporters to either evaluate foreign markets in relation to their goods or extend their presence in those markets.
Many exporters feel overwhelmed in their efforts to break into the game and the agency now not only has studied markets but has the experienced staff and procedures in place to explore possibilities and guide local businesses.
At no time in the past has this country depended so much for its economic well-being on exports. It has gone in 50 years from a do or die coffee and banana economy to a diversified presence in foreign markets, especially in technology and light industry.
But with this effort has come the need for aggressive marketing abroad and expansion into untapped areas to counter the intense competition and economic uncertainty worldwide.
The study of markets is more complicated than ever these days and that is why PROCOMER places no bar to companies of small size in offering its free service. Such studies consist of potential demand by consumers but also weighs wholesale prices, logistics, certifications, among other factors.
But with the electronic age comes advantages to those like PROCOMER with the experience, for example, to chat with experts on the Internet. Their free service also includes assessment of a firm's quality control and response time to electronic correspondence and phone calls.
In 2009, the country sold $3 billion in goods and services, in 2010 $3.4 billion and this year has sold $2.236 billion in just the first half to the United States alone.
In general, exporters earned more than $9 billion in more than 140 countries.
Meanwhile, all businesses received a time-saving gesture from the government when the Ministry of Finance tax collection body, Tributacion Directa, issued a directive making it possible to send financial data on line.
One final question remains--alothough businesses may fill out form D-406 containing the financial statement required by Tributacion to prove their income tax is correctly paid, this does not exempt companies from buying those legal stamps--which so far are not available on line. Stay tuned...