Saturday, September 18, 2010

Export Initiative to Emphasize Small Business

(Journal of Commerce Online – R.G.Edmonson)

President’s program focuses SBA, Ex-Im Bank, other agencies on initiative

The federal government will step up its efforts to help U.S. exporters sell goods abroad, the White House said Thursday.

Several agencies will increase the number of trade missions and encourage foreign buyers to come to U.S. exhibitions, according to a report developed by the Export Promotion Cabinet, which includes the Secretaries of Commerce, State, Treasury, Agriculture and Labor and the heads of all the trade-related government agencies. The government will also be a commercial advocate for U.S. firms competing for international contracts and work to break down barriers to trade.

The report puts trade promotion for small and medium-sized enterprises at the top of the priority list. The Small Business Administration identified more than 2,000 potential exporters in its central contract registration. Read more here.