Synergies of partners will drive additional export volume in support of President Obama’s National Export Initiative
Orange County, CA. January 13, 2012
Escrow.com, the world's leading Internet escrow company, is pleased to announce an alliance with WebPort Global, an exciting new online collaboration and trade network, in support of the U.S. Commercial Services Strategic Partnership Program.
Per the International Trade Administration, efforts like these are paying off and helping to change the way America does business. Now more than at any time in our history, Americans are selling more U.S. goods and services to the 95 percent of consumers who live outside of our borders. In 2012, U.S. exports hit an all-time record of $2.2 trillion and supported 9.8 million jobs.
Andrew K. Sokol, Escrow.com GM of Emerging Markets, said “Escrow.com is very proud to partner with WebPort Global in support of the National Export Initiative.” Sokol added, “The Internet has brought the world closer and as more businesses look to transact internationally, they can find opportunities to buy or sell on WebPort Global and use Escrow.com for safe transaction processing. That’s an unbeatable experience!”
Escrow.com is a fully managed online escrow service that provides a platform offering equal protection to importers and exporters. When using Escrow.com, both parties agree to the terms online and the Buyer sends the agreed-upon funds to Escrow.com. Escrow.com then verifies the payment and instructs the Seller to ship the goods. Upon delivery, the Buyer has a pre-agreed-upon amount of time to inspect and accept the goods. Once accepted, the funds are released by Escrow.com to the Seller.
Maureen Pace, CEO of WebPort Global said, “Escrow.com gives our members the confidence they need to export. Companies can ship product overseas and rely on receiving funds according to their agreement.” Maureen Pace added that “one of the biggest barriers for new exporters is the uncertainty about payment. Escrow.com has virtually eliminated that concern. Our Partnership with Escrow.com directly supports the National Export Initiative”.
Per the International Trade Administration, in 2012, the growth in exports of goods and services outpaced the growth of imports of goods and services in both dollar and percentage terms for the first time since 2007, with exports growing by $92.6 billion or 4.4 percent. Exports as a share of U.S. GDP were 13.9 percent in 2012, tying the record set in 2011. The U.S. also saw record levels of merchandise exports to more than 70 countries; and the growth in exports came despite a slowdown in the world economy and in world trade volumes.
About WebPort Global
Headquartered in Boston, MA, WebPortGlobal.com is a comprehensive business platform that offers easy, online access to a growing global network of business-focused People, Knowledge and Opportunities to help companies import and export. Users can easily Connect and Collaborate with Trusted peers who share a common focus and complementary commercial interests.
About the National Export Initiative
The Obama Administration has made it a top priority to improve the conditions that directly affect the private sector’s ability to export – working to remove trade barriers abroad, help firms and farmers overcome hurdles to entering new markets, and assist with financing. President Obama announced the (National Export Initiative) in his 2010 State of the Union address to renew and revitalize our efforts to promote American exports abroad.
Headquartered in Rancho Santa Margarita, CA, Escrow.com, a privately held company, has pioneered the process of online escrow services. The Company, founded in 1999 by Fidelity National Financial, has established itself as the leading provider of secure business and consumer transaction management on the Internet. All escrow services offered on this Website are provided independently and exclusively by Internet Escrow Services(SM) (IES), one of the operating subsidiaries of Escrow.com. IES is fully licensed and accredited as an escrow company and is subject to compliance with all applicable nationwide escrow regulations.