STAFF REPORTER

PALMA
THE Majorcan Chamber of Commerce yesterday reported that the number of companies on the island seeking information on commercialising their businesses overseas has risen by between 50 and 60 percent so far this year.

The Chamber said the companies exploring the possibility were not all of a similar nature and represented a wide variety of goods and services, but they tended to be newly created businesses.

Another common denominator amongst the aspiring exporters was that due to the recession, the volume of work they were currently undertaking related to small projects and they wanted to “fill the gap” with business from a wider market. The Chamber sounded a warning note, however, by pointing out that although internationalisation could help those companies who were already doing well to balance out their success - as opposed to it having a succession of “highs and lows” - it was not the answer to businesses who were in financial trouble because of the recession. “The start of marketing goods and services overseas triggers a process that has to be followed in stages,” said a Chamber of Commerce spokesman. “And in fact,” he furthered, “going international is something on the agenda for all businesses now, not because of the recession, but because of globalisation - there are no frontiers to face.”

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