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Business associations welcome US National Export Initiative

04 February 2010

NFTC, CEE and USCIB welcome the announcement of the details of the National Export Initiative by Commerce Secretary Gary Locke.

Read more: [Obama] [US Ex-Im] [SBA] [SME exporters] [Department of Commerce] [crisis response] [export jobs] [Exports Live!] [TARP]

Three leading trade associations representing major US exporters today released a statement welcoming the Administration’s National Export Initiative (NEI), which President Obama announced during his State of the Union address last week. On the heels of a speech delivered by US Commerce Secretary Gary Locke detailing the goals of the initiative, the Coalition for Employment Through Exports (CEE), the National Foreign Trade Council (NFTC) and the US Council for International Business (USCIB), applauded the Administration for launching the effort aimed at increasing US exports.

“Exports help to fuel the US economy, both directly by helping to boost our GDP and indirectly through job...


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