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| California Office of Trade and Investment, London |
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BENEFITS OF EXPORTING
California is the number one trading state
in the nation, accounting for approximately 16% of all U.S.
Exports. In 1999, California exported over $107 billion in manufactured
products and $45 billion in services. Overall, international
trade and investment now supports one in seven California jobs.
Exports.
generate concrete benefits for both businesses and workers.
According to a study prepared for the National Association of
Manufacturers by the Institute of International Economics:
- Workers at exporting companies earn 15% more than workers in
non-exporting companies;
- Worker benefits are one-third higher at exporting firms than at
non-exporting firms;
- Workers at exporting plants enjoy greater job stability;
- Employment, output and productivity growth are 3-11% higher at
exporting plants than at non-exporting plants;
- Exporting plants are 30-50% more productive than non-exporting
plants;
- The failure rate for firms that export is one-third less than for
firms that do not export;
- Sales per employee are 150% higher at firms that export than at
non-exporting firms.
Exports.
are a key contributor to California's growth. The Association
of Bay Area Governments, cites foreign trade as one of the prime
factors behind the region's strong employment growth. For the
state as a whole, the Centre for the Continuing Study of the
California Economy identifies trade as one of four key sectors
propelling California's economic comeback. The Franklin California
Tax-Free Income Fund states "Exports are one of the truly
bright spots in the state's economic picture."
As the fifth largest and one of the most diverse economies
in the world, California can be a one stop source for your business
needs.
WE GET RESULTS!
THE OFFICE OF EXPORT DEVELOPMENT
In 2000-01, OED had 13 success stories,
leading to $28,882,025 in Exports and the creation of 162 new
jobs in California. Additionally, OED provided more than 450
small and medium sized California companies with the skills
and tools needed to compete and succeed in the international
marketplace.
OED received and serviced 300 trade inquiries from foreign buyers
and hosted 32 inbound foreign buyer missions. Contact us at
: expdev@commerce.ca.gov
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