A survey analyzed that within the next two years, most of the United States high-tech firms anticipated to export more gadgets like tablets, mobile phones and other electronic devices because of the increasing middle class populations in growing nations, pointing out increasing labor costs and free trade agreements overseas. The Obama administration planned to reach its goal to increase exports by 2015, some United States high-tech executives surveyed almost 85 percent but 40 percent of executives were assured two years ago as the export target was prepared.
The world’s largest package delivery firm, IDC Manufacturing Insights for United Parcel Service, conducted the third annual survey. High-tech marketing director at UPS in Atlanta, Ken Rankin said that the motivation of the middle class that have more expendable income and a huge craving for technology products such as mobile phones, laptops and tablets. The UPS chief executive officer, Scott Davis attended the President’s Export Council and has promoted free trade union as essential for developing the United States economy and its exports.
Ron Kirk, the United States Trade Representative said that a free trade within the Panama and the United States will promptly carry out. After the United States-South Korea alliance, it followed by the United States-Columbian compact. Rankin said that over the past two years, only 23 percent of the firms announced that they gain increase in the export industry however within the next two years, 74 percent are the anticipated export growth.
He added that in spite of all of the short-term talk regarding with the economic imperfections and the apprehended fiscal cliff, in the next two to five years the high-tech executives that they discussed with had an effective outlook when it comes to the export development of their products. The fiscal cliff affect the year-end deadline for almost $500 billion in terminating United States tax cuts and automatic spending cut sets for the coming year, except if the Congress can deal in lowering the budget required.
The study of the 125 high-tech manufacturers includes logistics executives and senior supply chain in semiconductor, electronic component and accessories, communications equipment and consumer electronics industries. According to the survey, within the next three to five years high-tech product sales and shipments are anticipated to increase tremendously by 22 percent in the Middle East, Africa and India.
Various regions may gain the effect of the increase, and these may expect to the rest of the South America with 19 percent, 15 percent for Eastern Europe, China with 8 percent, Brazil will have 18 percent while Korea will get 13 percent and even other regions will be affected by the growth.
REFERENCES:
http://gadgets.ndtv.com/mobiles/news/us-high-tech-companies-expect-to-export-more-cell-phones-tablets-survey-274132
http://www.industryleadersmagazine.com/us-based-high-tech-companies-ramping-up-their-exports/
http://articles.economictimes.indiatimes.com/2012-10-01/news/34198225_1_export-growth-export-target-free-trade
http://benton.org/node/136200
http://www.i4u.com/2012/09/barack-obama/companies-us-exports-ramping-survey-high-tech
