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Export Finance


  • Submitted on 05 March 2015

    Created on March 5, 2015
     

    World Map with business peopleU.S. businesses are selling more goods and services abroad than ever before, reaching an all-time record of $2.3 trillion in 2013 – and 98 percent of American companies that export are small businesses.

    Despite the statistics, many small businesses still face big challenges when it comes to financing and managing their export business. A recent trade seminar, hosted by the Department of Commerce and several other federal agencies, identified three commonly cited financial obstacles small businesses have to going global:

    • Don’t know how to obtain working capital and financing to support export transactions

    • Don’t know where to seek assistance for entering, growing and succeeding in global markets

    • Don’t know how to get paid by foreign buyers overseas

  • Submitted on 27 February 2015

    Created on February 27, 2015
     

    Discover Global Markets: The Americas

    Join the U.S. Commercial Service and the Florida District Export Council for DISCOVER GLOBAL MARKETS: The Americas, the premier international business conference for U.S. executives. Come explore new market opportunities and learn effective strategies from senior U.S. Diplomats and business leaders in the region. Discover Global Markets: The Americas is the ONLY opportunity in 2015 to learn the latest business intelligence from across the Americas all in one location.

    Explore the Markets

    Discover opportunities for today, tomorrow and what challenges lie ahead in our dynamic hemisphere. Hear from panels featuring economists, industry professionals, trade experts, and U.S. Diplomats who will explore these and many other topics to help you to define your competitive strategy in the Americas.

    Join U.S. Diplomats for one-on-one consultations available from the following countries:

  • Submitted on 11 February 2015

    Created on February 11, 2015
     

    H.E. Ambassador Girma Birru of Ethiopia discussed the bilateral benefits of U.S.-Africa trade at a networking event with business leaders at the Embassy of Ethiopia.It was our honor for the International Trade Administration to join the Virginia-Washington D.C. District Export Council and Ambassadors from three of Africa’s fastest-growing economies at a recent networking event focused on U.S. companies doing business in Africa.

    The message from the Ambassadors from Ethiopia, Kenya, and Tanzania was loud and clear: “We are ready for your business to come to Africa.”

    It’s not just these Ambassadors who think your business should be looking at Africa. The facts support them:

    • Seven of the 10 fastest-growing economies in the world are in Africa.

    • Consumer spending is expected to reach $1.4 trillion by 2020, up from $860 billion in 2008.

  • Submitted on 27 January 2015

    Created on January 27, 2015
     

    Global Connect

    You are cordially invited to attend “The Global Connect: Texas Trade Finance Seminar” on February 20, 2015 at the International Trade Center at the University of Texas at San Antonio.

    This seminar is (1) a must attend event for Texas and Southwest-based businesses, especially small and medium-sized enterprises, interested in entering, growing, and succeeding in global markets; (2) a major networking occasions for financial professionals seeking to expand their client base; (3) a great learning opportunity for students interested in international trade and global businesses; and (4) offered in support of the advancement of U.S. Hispanic and other minority-owned businesses in global markets.

  • Submitted on 03 December 2014

    Created on December 3, 2014
     

    Exporting Planes, Trucks, ContainersThe Commerce Department’s International Trade Administration works hard to help companies that are ready to export compete and succeed in global markets.

    We want to emphasize that it’s never too early for entrepreneurs to start thinking about exporting – determining financing needs, targeting markets, conducting research, etc.

    As we’ve worked with global startups, we’ve learned it can be difficult for entrepreneurs to connect to existing resources to help them go global. We realize that start-ups differ in their capabilities at various stages of the business development process, but want to help young businesses incorporate export plans into their business model as early as possible.

    One great way to get started is to be a part of ExporTech, which can help your company develop its export plan, then have it vetted by a panel of experts. More than 575 companies have participated in Exportech, with an average sales increase or retention of $770,000.

  • Submitted on 09 September 2014

    Created on September 9, 2014
     

    This post originally appeared on the Tradeology, the ITA Blog

    Kenneth R. Mouradian is the Director of the International Trade Administration’s Orlando U.S. Export Assistance Center.

    With the United States continuing its focus on doing business in Africa, we are working to connect more U.S. companies with every opportunity available on the continent.

    From the recent U.S.-Africa Business Forum to the upcoming DISCOVER GLOBAL MARKETS: Sub-Saharan Africa event in Atlanta, the United States has made it a priority to support U.S. companies doing business in Africa.

    Register Now for DISCOVER: Sub-Saharan Africa

  • Submitted on 13 August 2014

    Created on August 13, 2014
     

    Discover Global Markets

    This post originally appeared on the Tradeology, the ITA Blog

    The United States is putting full focus on doing business in Africa, following President Obama’s  U.S.-Africa Leaders Summit and the U.S.-Africa Business Forum. Business Forum co-hosts Bloomberg.org and the Department of Commerce project the event will catalyze $14 billion in new business deals.

    Even though the Forum is now behind us, there are still plenty of new opportunities available in Africa, and the International Trade Administration wants to help you find them.

    The new Doing Business in Africa portal is a one-stop shop for finding resources, seeing success stories, and learning about opportunities on the continent.

    The upcoming DISCOVER GLOBAL MARKETS: Sub-Saharan Africa event in Atlanta, Nov. 5-6, will bring together private and public sector experts to discuss:

  • Submitted on 20 May 2014

    Created on May 20, 2014
     

    This post originally appeared on the Commerce.gov Blog

    Warehouse - ExportingAt the Department of Commerce and the Minority Business Development Agency we are dedicated to helping more minority-owned business leverage their competitive advantage and expand their business through exports. The most recent data from the U.S. Census Bureau reveals how minority-owned firms employ nearly six million American workers and contribute one trillion dollars in annual economic output to the U.S. economy. This economic output includes significant exporting contributions. In fact, minority-owned firms are export leaders in 14 key industry sectors.

    To celebrate World Trade Month we are kicking off a blog series to highlight valuable resources and information for minority businesses looking at exporting for the first time and firms looking to expand their existing exporting efforts. 

    Here are six steps to start exporting:

    Complete an export readiness self-assessment: Find out if you have what it takes to market your products or services into the global marketplace. Provide answers to nine questions and receive advice on your exporting potential.

    Training and counseling: use online resources like webinars and training courses to learn the basics of exporting and increase your understanding of the exporting process. Access webinars and online courses from the International Trade Agency (ITA), U.S. Census Bureau Go Global Webinars, and the Small Business Administration (SBA).

  • Submitted on 16 May 2014

    Created on May 16, 2014
     

    This post originally appeared on the Tradeology, the ITA Blog

    Jonathan Rees is the Managing Director of Western Union Business Solutions in North America. Western Union Business Solutions is an International Trade Administration Strategic Partner.

    Monthly U.S. Goods and Services Exports - January 2009 - March 2014A healthy U.S. economy includes strong exports. In an age of ever-increasing global trade, these exports indicate the demand for U.S. products and services, particularly in countries with an expanding middle class.Since 2010, the government has committed to help U.S. businesses find buyers worldwide, win more contracts, and learn new ways to sell products and services overseas. This commitment highlights the importance of small and medium-sized enterprises (SMEs) in propelling the American economy.

    However, after a sharp appreciation, over the last two years U.S. exports have been showing signs of hitting a plateau.

    The good news is this: U.S. exports have abundant room to grow. In fact, compared to other industrialized countries, there are signs that the United States is only beginning to tap into its export potential.

  • Submitted on 14 February 2014

    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.

 

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