
Critical Trade Corridors
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Critical Trade Corridors For Vermont
The expansion of international business is changing the world in ways none of us could have ever imagined and every shift affects a corporations' ability to remain competitive.
Beginning in the early 1990s, countries began aligning themselves into economic regions to benefit from mutually productive trade agreements. With the development of these trade blocs came a geographic realignment of production as corporations began to take advantage of these new agreements. Geographic areas that experienced growth during this period were those that could provide efficient access to a strong consumer market and a low cost of production. Countries and regions that were not prepared for this realignment experienced corporate flight, rising unemployment and, perhaps most importantly, risked dropping off the international business map forever. This situation has resulted in global region vs. region competition, as well as greater regional cooperation in those areas which are adjacent to a border or within a natural trade corridor.
"To be economically successful a State/Province/Region needs to be a destination or on the way to one"
Vermont is fortunate to be located at the crossroads of two major trade corridors: Atlantica - The International Northeast Economic Region; and the Quebec-New England Trade Corridor. To learn more about these Trade Corridors, what they mean to your company, and how you can become involved, please access the appropriate links.
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