America’s oldest Free Trade Agreement (FTA) with Israel is marking its 30th anniversary this September. Over the past 30 years, FTAs have thrived in facilitating international trade, fueling economic growth, raising living standards and allowing American families to gain access to affordable goods and services.
While international trade is nothing new, we are in the midst of a globalization boom – driven by small and medium-sized businesses, technology and government incentives.
The demand for goods overseas has increased recently, with U.S. exports climbing to record numbers in November, 2013. According to the National Small Business Association, nearly two-thirds of small businesses in the U.S. would like to sell their products overseas. But how do they decide if dipping into the global marketplace is really right for them?