US high-tech companies ramping up exports


GROWING MARKET: An Apple employee counts money as a customer purchases an iPad. US high-tech companies expect to export more cellphones, tablets and other electronics over the next two years to growing middle-class populations in developing nations. - Reuters

NEW YORK: Most US high-tech companies expect to export more cellphones, tablets and other electronics over the next two years to growing middle-class populations in developing nations, citing free trade pacts and rising labour costs abroad, a survey found.

About 85% of US high-tech executives polled said the Obama administration was somewhat or very likely to meet its goal of doubling exports by 2015. Just 40% of executives were as optimistic two years ago after the export target was set.

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