Middle East Is The New China... US Is "Risky" For Exporters (!)

“The Middle East is our hottest area,” Mr. Poloz said in an interview. “India and China, they matter, but they're more established markets.” Many Middle Eastern companies need foreign firms to help build bridges, construct hotels, upgrade oil and gas projects, and install water treatment plants. This year, Canadian exports to the region soared 35 per cent, compared with an expected overall export growth of just 3.7 per cent. Next year, exports to the Middle East are expected to climb another 27 per cent. Africa has a growing need for mining and oil and gas equipment and engineering, along with power plants and other infrastructure. South American countries such as Brazil, Argentina and Peru are also attractive potential markets, he added. The U.S., meantime, “is actually pretty risky. It has the highest rate of bankruptcies in the world … so what happens if someone goes bankrupt and they owe you money as an exporter?” .... http://www.reportonbusiness.com/servlet/story/RTGAM.20071030.weconomyy1030/BNStory/Business/

Note: http://www.reportonbusi...