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ITA-Amazon initiative to boost export opportunities for small US firms

06 Feb '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

The US department of commerce’s International Trade Administration (ITA) and Amazon recently announced a strategic partnership to facilitate a collaboration called ‘GoGlobal with Commerce and Amazon’ that will help thousands of small US companies to expand globally and raise sales by taking advantage of ITA’s assistance and resources, and Amazon’s marketplaces.

The GoGlobal initiative will combine ITA, which will provide participating US small businesses with guidance, information and resources, with the global reach of Amazon, which will provide training to harness the power of the Internet to reach more customers in 21 countries where Amazon Global Selling is available, a US government release said.

Small and medium businesses represent a large percentage of US exporters and are a significant driver of American economic competitiveness.

According to US Census Bureau estimates, over 277,000 US companies exported goods in 2021 and 97.4 per cent of those identified were small and medium enterprises (SMEs). These SMEs represented 34.6 per cent of the United States’ identified $1.5 trillion in goods exports. 

The new GoGlobal with Commerce and Amazon landing page will serve as a one-stop-shop for resources produced in collaboration between ITA’s Commercial Service and eCommerce Solutions Centre and Amazon’s global selling experts.

It will also serve as a hub for information on other US government programmes and resources.

ALCHEMPro News Desk (DS)

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