Study: Utah amoung the best in adapting to world trade demands

Steven Oberbeck, Salt Lake Tribune May 24, 2011

Ball State’s Thaiprasert said demand in world markets can change rapidly.

“Products ordered by a trading partner a decade ago might not be the same products wanted today,” she said. “So there is a need for exporting states to become more flexible in adapting their exports to the ever-changing patterns of international demand.”

Cramer said his personal frustration is that export numbers typically focus on merchandise exports. Those numbers don’t reflect that Utah also is making big strides in service exports — hosting foreign travelers, international students and collecting franchise and licensing fees.

steve@sltrib.com


Study: Utah amoung the best in adapting to world trade demands Steven Oberbeck, Salt Lake Tribune May 24, 2011 Ball State’s Thaiprasert said demand in world markets can change rapidly. “Products ordered by a trading partner a decade ago might not be the same products wanted today,” she said. “So there is a need for exporting states to become more flexible in adapting their exports to the ever-changing patterns of international demand.” Cramer said his personal frustration is that export numbers typically focus on merchandise exports. Those numbers don’t reflect that Utah also is making big strides in service exports — hosting foreign travelers, international students and collecting franchise and licensing fees. steve@sltrib.com Twitter: OberbeckBiz Copyright 2011 The Salt Lake Tribune. All rights reserved.
Chamber News - June 2011