Economy

Decisions that shape the future of Western New York are made every day in Washington, D.C., but few will have as much impact on the economic well-being of local companies, employees and their families as Trade Promotion Authority legislation. TPA is the legislative mechanism that gives our trade negotiators credibility at the international negotiating table […]

<p>In this extremely competitive global economy, financing is not only a necessary part of the export process, but also a very important tool. Your ability to offer your foreign customers liberal payment terms can provide the necessary edge to sell more goods and services worldwide. But, in doing so, it’s essential to accurately weigh the [&hellip;]</p>

<p>With amazing, even surprising speed, the economic crisis that impacted many Asia Pacific countries during the late 90’s has begun to fade. To varying degrees, the countries have begun the struggle toward recovery. What does this mean for your business? The swift improvement in Asian economies is certainly encouraging news for U.S. exporters. And while [&hellip;]</p>

What is the single most important act that our government can perform this year to assure the continuation of the record economic prosperity we&#8217;ve enjoyed throughout most of the past decade and into the new century? You might say tweak the prime rate or cut taxes. However, there is one thing upon which we can...

<p>Asian growth is projected to increase this year, signaling a departure from negative trends inflicted by the Asian crisis. As regional growth rises, U.S.-Asian trade will move into high gear. But that’s not all. Japan, which has not yet escaped economic malaise, also should benefit from more economically vibrant neighbors. Furthermore, as the world’s second [&hellip;]</p>

<p>In response to the global crisis, many countries are implementing reforms to bolster their economies. For several nations, this will lead to sustainable growth. However, in the short-term, some economies will continue to experience difficulties. To help you reassess export markets, source goods or seek investment opportunities, you should factor in country growth projections. This [&hellip;]</p>

Trade agreements have a major impact on trade and investment worldwide. In fact, they are responsible for shaping business relationships among companies across the globe. In order to succeed in the international environment, small business exporters need to be aware of the impact trade agreements have had and will have on their businesses. Likewise, lenders...

<p>What began last year as a financial crisis in one country has led to global financial turmoil today. In order to successfully navigate these uncharted waters, U.S. exporters need to develop finance strategies to retain existing customers, and explore new markets here and abroad. The Dominoes Fall Harder A decade ago, the currency collapse in [&hellip;]</p>

<p>There’s no doubt that exports are very important to the growth and prosperity of the United States — and to companies like yours. However, succeeding internationally in today’s rapidly changing global environment is not easy. Economic conditions, government policies and the level of confidence in a given currency can change rapidly. Successfully adapting to these [&hellip;]</p>

<p>The Mexican economy is making solid gains as it recovers from the financial crisis that struck it in December 1994. The country’s gross domestic product grew by 5.1% in 1996, and climbed at an impressive annual rate of 7% during the first six months of 1997— well above expectations and quite an achievement from its [&hellip;]</p>

The Mexican economy is continuing to grow, recovering from the peso crisis that struck the country in December 1994. As a result, growth projections for 1997 are positive. The government of Mexico anticipates a gross domestic product (GDP) growth rate of 4 percent this year. According to the Mexico Consensus Economic Forecast of Arizona Stat...

A new economic era is quickly replacing the old, affecting virtually every aspect of Canadian life. Many assumptions no longer seem to apply — yet new realities still need to be defined. These ambiguities are causing Canadian companies to question their business tactics and reassess their strategies...

On September 1, Mexican President Ernesto Zedillo Ponce de Leon delivered his first State of the Nation address to the Mexican Congress. After the presentation, investors signaled their applause by pumping up Mexican stocks to a nine-month high. As stated by Zedillo, if Mexico had taken a less resolute path in order to prevent the...

<p>Once again confounding its skeptics, Mexico is showing increasingly strong signs of rebounding from the financial crisis that shook its economy earlier this year. Thanks to the stiff economic discipline being administered under President Ernesto Zedillo&#8217;s recovery plan, Mexico&#8217;s large trade deficit is turning around, the peso has stabilized, inflation is dropping, and investment is [&hellip;]</p>

<p>While the recent financial crisis is still weighing heavy on Mexico, increasing evidence shows the stage is being set for the Mexican economy to make a surprisingly strong comeback. According to a newly released 1995 Investment Climate Survey by the American Chamber of Commerce in Mexico, planned capital investment by the 374 foreign and domestic [&hellip;]</p>

<p>The full impact of the Asian economic crisis on U.S. exporters and importers is yet to be seen. However, given a textile or apparel manufacturer&#8217;s level of export dependency on the region, it may be necessary to focus on new markets. Given the level of import dependency, it may be wise to further scrutinize your [&hellip;]</p>

<p>With the precipitous fall of the peso beginning in December 1994, and the financial turbulence that followed in Mexico, many short-term economic projections and business plans have changed. In the auto industry, Chrysler, Ford, General Motors, Nissan, Mercedes-Benz and Volkswagen currently produce in Mexico. Since the economic crisis, their plans for expansion have been put [&hellip;]</p>

Mexico’s first trade surplus in four years might, at initial glance, seem to confirm one of the arguments against the North American Free Trade Agreement. One of NAFTA’s key benefits was supposed to be guaranteed access to Mexico’s growing consumer market. The peso devaluation, however, has made our exports to Mexico more expensive, reducing Mexican...

On January 1, 1994, the day the North American Free Trade Agreement was implemented, approximately 50% of all U.S. exports to Mexico became duty free, accelerating trade flows. During the year, U.S.-Mexican bilateral trade rose 22%, up from $81.5 billion to $100 billion. U.S. exports to Mexico increased at about the same rate...

The Peso Devaluation Will Promote the Transfer of U.S.-Owned Manufacturing Operations From East Asia to Mexico The Mexican peso devaluation has made life difficult for many Mexican firms and will considerably slow economic growth there, at least for the short-term. However, there will also be a very positive impact in the medium and long-term...