So small businesses, we know they often cite a lack of access to capital and obstacles. One of the main obstacles they have reaching their foreign markets. And so it's really vital. And Exporting activity can actually just be more costly than domestic business due to its complicated, excuse me, regulatory hurdles and logistics. as you've all alluded to. And so, despite its importance to their operation, rural export businesses face significant barriers accessing capital, with many relying on a dwindling number of small banks, local banks, for financing. (1:16:13–1:16:24)
CLAIM
Asserts that exporting is more costly than domestic business due to regulatory hurdles and logistics.
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