Archive for December 10, 2009
In April, U.S. Trade Representative, Ron Kirk, stated that “an aggressive effort to keep trade flowing and open more markets to American goods and services absolutely must be a big part of our economic recovery here at home. To get our economy back on track, we need to increase exports.” This article shares some of the efforts to encourage exports and stimulate the economy.
The Export-Import Bank of the United States raised the upper limit of its small business multi-buyer export credit insurance policy from $ 5,000,000 to $7.5 million. This change is designed to allow more small businesses to export their goods and services more easily. Effective December 1, U.S. exporters designated as small businesses under Small Business Administration standards, and with annual export credit sales of $7.5 million or less, will be eligible for enhanced coverage under Ex-Im Bank’s short-term small business multi-buyer insurance policy. Click HERE to learn more about the Ex-Im Bank and other programs launched during the past year to increase support for small business exporters trying to survive the during the current economic crisis.
U.S. Commercial Service
The U.S. Commercial Service (USCS), a division of the International Trade Administration within the U.S. Department of Commerce, provides a variety of opportunities to assist U.S. exporters sell overseas and help overseas buyers learn about U.S. exports.
· The USCS helps U.S. small and medium-sized businesses grow international sales by providing:
· Online and customized market research.
· Support for U.S. exhibitors in selected overseas and domestic trade shows to attract qualified business partners.
· Fee-based programs to introduce exporters of U.S. products to qualified buyers and distributors.
· Individualized counseling and advocacy.
· Training programs on subjects such as export documentation, export controls and the basics of exporting.
Click HERE to learn more about the U.S. Commercial Service.
Export.gov brings together resources from 19 U.S. Government Agencies to assist American businesses in planning their international sales strategies and succeeding in today’s global marketplace. Using these government resources, providing market research and trade leads Export.gov helps American exporters navigate the international sales process and avoid pitfalls such as non-payment and intellectual property misappropriation. Launched by Export.gov, Exports Live is an 8-city seminar tour designed for small and medium-sized businesses wanting to start or grow their international sales with government solutions. Speakers from the SBA, Department of Commerce, Ex-Im Bank and various exporters provide strategies used by local small and medium-sized businesses that have already discovered how to increase profitability through exporting.
Click HERE for other export news and training opportunities sponsored by Export.gov.