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ITA budget request ups export promotion

02 February 2010

The US 2011 budget request for the International Trade Administration is its largest ever and includes additional funds to support export promotion.

Read more: [International Trade Administration] [US exports] [Obama US exports] [US budget]

President Obama’s fiscal year 2011 budget request for the International Trade Administration (ITA) includes funding for expanded export promotion activities that will support $4.4 billion in additional US exports in 2011.

“President Obama has made the creation of good paying jobs through increasing US exports of manufactured goods and services a national priority, and this budget request shows...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010