Contact: Curt Cultice (202) 482-8198
up New Export Sales: BuyUSA.com Helps U.S. Businesses Find Faraway
Buyers in Minutes
leaders today gathered around the country at local U.S. Commerce
Department Export Assistance Centers nationwide to see first-hand
and learn about the Department's new high-tech exporting tool,
BuyUSA.com. This new online business tool enables businesses to
locate online, potential trading partners worldwide, reducing
costs and waiting time from days or weeks to just minutes.
give U.S. businesses the tools they need to export," said Commerce
Secretary Don Evans. "Most jobs in America are created by smaller
"A goal of
this administration is to secure passage of Trade Promotion Authority
for the President. TPA will open new markets, making BuyUSA.com
an even more powerful tool for doing business."
our nation's exports topped $1 trillion. Small and medium-sized
firms account for about 97 percent of U.S. merchandise exporters.
As a group, however, they account for less than one-third of total
U.S. export value. Most of these firms export to only one market,
while others that could export don' t.
to Forrester Research, exports arranged online should top $100
billion by the end of this year, jumping to nearly $1.4 trillion
or 18 percent of global trade by 2004.
can view product catalogs and background information on U.S. companies
that have been pre-qualified by the Commerce Department. More
than 14,000 qualified overseas buyers in 112 countries have signed
up to participate.
" click and mortar" service offers online access to Commerce Department
trade specialists around the world who can assist buyers and sellers
with issues such as regulatory compliance, credit screening, and
marketing. U.S. Businesses can subscribe to the marketplace for
as little as $300 per year. BuyUSA.com is a joint effort with
the Commerce Department and IBM.
demonstrates how the public and private sectors can join forces
to develop cost- effective technology solutions aimed at fostering
economic development," said Curtis Tearte, Global General Manager,
IBM Public Sector.
on BuyUSA is available at www.BuyUSA.com