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First, innovation can enhance the competitiveness of enterprise products. High-quality and unique products are more likely to stand out in the international market and attract more customers. Tax incentives provide enterprises with more funds for research and development, prompting continuous product upgrades to meet the ever-changing needs of the foreign trade market.
Secondly, innovation helps to open up new foreign trade markets. Innovative products or services can often break through the limitations of traditional markets and enter areas that have not yet been fully developed. The support of tax policies gives companies the courage and ability to explore the market and discover new business opportunities.
Furthermore, innovation can optimize the supply chain management of enterprises. Through technological innovation, enterprises can improve production efficiency and reduce costs, thus gaining more advantages in price and delivery time. This is crucial for coping with international competition in foreign trade business.
Finally, innovation can also help enhance the company's brand image. In the international market, companies with innovative capabilities are often seen as forward-looking and powerful representatives, which can attract more partners and customers and enhance the company's influence in the foreign trade market.
In summary, corporate R&D and innovation policies are closely linked to the expansion of foreign trade business, providing strong impetus and support for the development of enterprises in the international market.
