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Leading Through Crisis Part 3: Expand Globally

Monday, July 6, 2020

Boomerang carnets® wants to help your business to, not only survive, but thrive.  We know all our customers are juggling professional and personal responsibilities while doing their part in response to the global health crisis. Many have responded to the pandemic with generosity and enterprise. They have provided products or services, as well as a most notable monetary pledge of $225M by CISCO. To each of our customers, thank you for your business, thank you for your efforts and thank you for trusting ATA Carnets to help you get the job done.

This is a time to not only survive but expand.  

Global expansion is a key aspect to growing your business and now is an optimal time to explore opportunities.  Despite the changes we have undergone because of COVID-19 and the challenges we continue to face; business is still transacting. Businesses of all sizes across the wide spectrum of industries can benefit from expanding into new markets across borders:  technology, fashion, museums, and manufacturing, are examples.

To begin, we encourage you to learn about the numerous Free Trade Agreements (FTAs) currently in force.  The U.S. is the biggest economy in the world and currently has 14 FTAs with 20 countries. Most recently, the United States-Mexico-Canada Agreement (USMCA), which went into effect July 1, 2020, creates a new opportunity for all businesses on the North American continent by supporting freer markets and fairer trade for all, and that includes SMEs.  The USMCA is the first FTA that specifically includes SMEs in the Agreement. The United States-Japan trade deal kicked-off at the beginning of 2020 and now affords U.S. companies access to the world’s third largest economy.  Negotiations are also underway, for the first time virtually, to create a new FTA between the United Kingdom and the U.S. to jumpstart growth between longstanding partners who already invest trillions in each other’s economy’s. 

Familiarizing yourself with Free Trade Agreements should be an aspect of your research into new markets.  They can significantly impact the growth of your company.  Brand visibility in the global market is another way to increase your market range with the goal to generate greater profits. 

The ATA Carnet is one of the tools that can open the door toward taking full advantage of FTAs and assist your company in this expansion. The ATA Carnet is an internationally accepted customs document for the temporary import/export of goods. Its many benefits have assisted companies expand into new global markets with ease and economy.  There could not be a better time to familiarize yourself with ATA Carnets because the benefit it is known best for is the avoidance of import-duty and -tax on your temporarily imported goods and merchandise, saving you money. Whether you are an individual, a small or medium-sized enterprise, a Fortune 500 company, a not-for-profit, a freight forwarder or a humanitarian relief effort – you will find ATA Carnets are easy to use and can stimulate your company’s growth internationally.

We are here to help. View either webinar recording, Leading Through Crisis Part 1, 2 or 3,  by contacting Monika Jadeszko. We value our customers and recognize the challenges of the day. Boomerang carnets® is here to answer any of your questions and assist you with your business needs. ATA Carnets are a valuable tool to grow your business and expand globally.