The United States (US) is the largest, most competitive and technologically advanced economy in the world. Thomas Thorelli, of Thorelli and Associates, a US law firm which has particular emphasis on assisting European individuals and businesses with interests in the United States, says that often UK businesses find that they sharpen their skills by exporting to the US. “They start doing more effective business even in the UK and in other markets, because the US market is so competitive and so demanding”.
There are many benefits of doing business in the US, which include:
- access to the world’s largest market
- access to the world’s largest private sector
- low regulatory barriers
- minimal language barriers
- access to global supply chains that can lead to exports for other markets
- one of the most innovative consumer markets in the world
- productive and skilled labour force with high mobility
- ease of doing business due to similar business culture
- strong rule of law.
At the Business West Gloucestershire International Network launch event held at The Growth Hub, UKTI’s Ameeta Virk said that American’s love ‘Britishness’; they love our accents, the Royal Family and our ‘4 o’clock tea’. Gloucestershire businesses can use this as a way of breaking into the US market, “But”, she said, “Once you’re in the door, you need to go back to being clear, concise and confident to be effective in the States”.
The UKTI has published a fantastic guide to exporting to the USA.
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Gloucestershire Chamber of Commerce, part of Business West, has re-launched its export club – the Gloucestershire International Network. If you’d like to join the Gloucestershire International Network, learn more about export, or discuss your specific export potential, please get in touch.