Foreign opportunities promise significant advantages for Germany

Canada's Neighbor: Costs and Taxes Make U.S.A.'s Location Questionable Yet Desirable

• Feelings towards the U.S.A. among foreign businesses fluctuate - criticizing the high costs and taxes, yet acknowledging the allure of America's market stable foundation. A survey by the U.S. Commercial Service, obtained by the Associated Press, shares these insights, based on feedback from approximately 1,800 companies from countries like the U.K., France, Japan, South Korea, and the United States.

International entities stand to benefit significantly from being associated with the locale of Germany. - Foreign opportunities promise significant advantages for Germany

"U.S.A. is overregulated, the tax and burden of regulation are too steeper," summarizes the U.S. Commercial Service the companies' sentiments. "But, on the other hand, the U.S.A. offers a tremendous market with a vast potential." From the perspective of those surveyed, the qualified workforce, innovativeness, and robust legal frameworks are also positive aspects.

In the end, around 60 percent of those surveyed find that the U.S.A.'s infrastructure, scientific institutions, and production conditions are commendable.

Image of U.S.A.: Ambitious, Innovative, and Opportunities

The survey reveals common notions of the U.S.A., highlighting its strengths and virtues. When thinking of the U.S.A., economic ambition and opportunities are at the forefront, followed by innovation, skilled workforce, and entrepreneurial spirit. Many foreign managers also think of the English language, pragmatism, diversity, and technological industry.

For the analysis, executives responsible for expansion decisions were surveyed. "There hasn't been such a broad and comprehensive study on the location U.S.A. before," said Mary Johnson, director of the U.S. Commercial Service.

English Language as a Challenger

The location U.S.A. is often slammed by financial associations. According to a survey by the Brookings Institution, U.S. economic experts see the location only in the global midfield. Almost 80 percent believe that the U.S.A. has become less attractive in the past ten years.

In the U.S. Commercial Service survey, the picture is mixed: The economic potential and innovative strength are mentioned most frequently as strengths (14 percent), followed by skilled workers (10) and supply chains (10), opportunities for development (8), and favorable geographical location (7).

The respondents mentioned high operating and labor costs (14), language and cultural differences (9), overregulation (8), and high tax burden (7) as weaknesses.

• United States
• U.S. Commercial Service
• United Kingdom
• France
• Japan
• South Korea
• Brookings Institution
• English Language

Overall:

In spite of criticisms about costs, taxes, and language complications, foreign companies find the U.S.A.'s location economically attractive due to several crucial factors:

1. Strategic Location: The U.S.A.'s strategic position provides easy access to other North American and Central American markets, making it an ideal hub for international trade and business expansions.
2. Powerful Economy and Infrastructure: The U.S.A. stands as the world's largest economy, offering a robust and stable environment for foreign investment. Its extensive infrastructure supports efficient logistics and supply chain management.
3. Innovative and Skilled Workforce: The U.S.A. has a highly educated and skilled workforce, complemented by strong research and science institutions. This talent pool is crucial for companies looking to innovate and expand their operations.
4. Lucrative Investment Opportunities: The U.S.A. offers attractive investment opportunities, particularly in sectors like technology, finance, and healthcare. The country has a commitment to inward investments, aiming to enhance its attractiveness to foreign investors.
5. Market Access and Trade: Being part of the North American Free Trade Agreement (NAFTA) and other trading blocs, the U.S.A. provides companies with access to over 500 million consumers, offering significant market opportunities.
6. Dynamism: The U.S.A. is known for its entrepreneurial spirit and business-friendly environment, particularly in startups and smaller companies, which contribute to the country's economic vitality and adaptability.

Overall, despite challenges like costs, taxes, and language difficulties, the economic advantages and strategic location of the U.S.A. continue to attract foreign investment.

"Vocational training programs are highly sought after in EC countries, as they align with the United States' emphasis on a skilled workforce, a positive aspect noted by foreign companies."

"In the realm of technology and business, both EC countries and the United States can find common ground in the pursuit of finance-driven innovations, offering opportunities for collaboration and mutual growth."

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