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Whiteman Comments on Iowa Export Growth

Iowa companies are finding foreign markets to be among their most lucrative, with exports growing 43 percent from 2000 to 2004, the sixth-largest gain in the nation, U.S. Department of Commerce records show. The reason for Iowa's growth, say experts, is that businesses are aggressively marketing their products, taking advantage of the dollar's weak position against foreign currencies, such as the Japanese yen and European Union's euro. Chuck Whiteman, director of the Economic Research Institute at the University of Iowa, said the U.S. dollar has been falling against the euro since 2001. "When the dollar declines in value, that means our prices look better and better to foreign buyers," he said. Read the article.


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