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The Fifth Anniversary of the American Recovery and Reinvestment Act

Blogged By: 
Jason Furman is the Chairman of the Council of Economic Advisers
Created on February 19, 2014
 

This post originally appeared on the White House blog.

Five years ago, on February 17, 2009, less than a month into his first term, President Obama signed into law the American Recovery and Reinvestment Act of 2009. At the time, the country was experiencing the worst economic crisis since the Great Depression. Private employers had already cut almost 4 million jobs, trillions in dollars in household wealth had been wiped out, and the economy’s total output was in the midst of its sharpest downturn of the postwar era. 

Celebrating African American Heritage Month

Blogged By: 
Acting National Director Alejandra Y. Castillo, Esq.
Created on February 19, 2014
 

I am honored to serve as the Agency’s Acting National Director. In this capacity, I will continue to promote our Agency’s important mission and the stellar work of minority-owned businesses.

Global Connect: Arizona Trade Finance Seminar: A Must Attend Seminar to Learn How to Access Capital and Financing for Exports

Blogged By: 
Yuki Fujiyama, ITA Trade Finance Specialist
Created on February 14, 2014
 

Global Connect: Arizona Trade Finance SeminarThis post originally appeared on International Trade Administration Tradeology blog.

Yuki Fujiyama is a trade finance specialist with the Office of Finance and Insurance Industries in the International Trade Administration.

The U.S. Department of Commerce is partnering with a number of local organizations and federal agencies in offering The Global Connect: Arizona Trade Finance Seminar at the Thunderbird School of Global Management on February 21 in Glendale, Ariz.

This seminar will be available in person and via teleconference, covering a series of important export finance subjects:

  • How to get paid from export sales;

  • Ways to approach and work with banks to enter and grow in global markets;

  • Steps to access export working capital and trade credit;

  • How to increase export sales and reduce the risk of nonpayment by foreign buyers;

  • Methods of receiving payment in foreign currencies;

  • U.S. government export assistance resources; and

  • Global business development resources for minority-owned businesses.

Global Connect: Arizona will bring together experts from both the public and private sectors to discuss resources available to U.S. exporters. This applies to businesses of any size for their financing needs.

Look South Campaign Focuses on U.S. Export Potential

Blogged By: 
Moshtayeen Ahmad, ITA Intern
Created on February 7, 2014
 

This post originally appeared on International Trade Administration Tradeology blog.

Moshtayeen Ahmad recently completed an internship in the International Trade Administration’s Office for Export Policy, Promotion, and Strategy.

Young PeopleFavorable market trends in Latin America make the region an excellent potential market for your business’s products and services. These countries all enjoy open and regionally integrated economies and growing middle classes.

That’s why Commerce Secretary Pritzker is in Mexico on a business development mission – Mexico can be a great destination for your products and services, and a launching pad into more markets in the region.

The Department of Commerce’s Look South campaign is helping even more U.S. companies enter these markets and identify new opportunities in high demand industries.

Bilateral trade data shows that there is tremendous unmet potential for diversifying U.S. exports to Latin America. These countries are rapidly modernizing their industries and broadening their consumer base.

For small and medium-sized businesses (SMEs), there are many opportunities in sectors where U.S. goods and services are highly desired. Some are highlighted in our most recent Country Commercial Guides, including medical equipment, agricultural equipment, franchising, and environmental technologies. SMEs have the opportunity to become globally competitive in many of these industries, but often are the least likely to be aware of opportunities beyond Mexico.

U.S. Secretary of Commerce Penny Pritzker Begins First Official Trade Mission in Mexico

Blogged By: 
MBDA

This blog was originally posted on the U.S. Department of Commerce website.

Created on February 5, 2014
 

Secretary Pritzker meeting with Mexico Secretary of Economy IIdefonso Guajardo VillarrealU.S. Secretary of Commerce Penny Pritzker officially began her five-day trade mission to Mexico on February 3rd, starting the trip in Mexico City. She is joined by representatives from 17 U.S. companies looking to expand partnerships and develop effective strategies for accessing and doing business in the Mexican market.

The focus of this trade mission is to promote U.S. exports to Mexico by helping export-ready U.S. companies launch or increase their business in a number of key industry sectors including advanced manufacturing, information and communications technology, and health IT and medical devices. The companies joining the Secretary address the demand of these growing industries in Mexico.

“The 17 companies who have joined me on this important mission represent the best of American business. These outstanding and innovative companies understand that selling American products overseas is a crucial component to growing and creating jobs,” U.S. Secretary of Commerce Penny Pritzker said.  “I am delighted we can help these companies expand their presence in Mexico through this business development mission.”

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