UPDATE
Financing global trade transactions is front and center in today's trade promotion service community. In this current issue articles from both public and private sector trade finance service providers are featured which further demonstrates that trade finance is one of the 'key' elements in the success of this country's National Export Initiative (NEI). Also, some poignant comments from MBITA members on the Agro-technology industry and the importance of multi-cultural communications when selling in foreign markets. Enjoy.
President
Tony Livoti
MBITA
Vice President
Shay Adams
AIM Medical Sales
Members
Dr. Edward Valeau
Els Group LLC
Hartnell College
President Emeritus
Marcelo Siero
IdeasSiero
Jim Faith
Jim Faith & Associates
Cristina Polesel
MBITA
General Manager
This newsletter has been created by MBITA's editor
Cristina Polesel
cristina@mbita.org
MBITA New Member International Contact, Inc.
The Growing Field of Agri-Tech
Contact:
Roger Royse
Founder
Royse Law Firm, PC
Palo Alto, San Francisco, Los Angeles
Tel. (650) 813-9700 x 201
Email: rroyse@rroyselaw.com
Skype: roger.royse
Web: www.rroyselaw.com
Publisher note: It is MBITA's position that the 'cutting-edge' position of the American agro-technology industry is now well placed for export to developing countries to 'leap-frog' their existing and outdated farming operations.
Ayse's Corner
Ayse's Corner is a feature column of the World TradeWinds eZine'. Ayse Oge is a published author and global trade marketing expert and author of Emerging Markets.
International Trade Champions
The global economy is becoming increasingly interconnected due to advances of technology in communication and transportation. Most governments are eliminating trade barriers and placing value in cross-national cooperation and agreements, and consumers are also demanding foreign goods/services. Companies are currently in need for international trade professionals and "champions" who are savvy and have a thorough understanding of the dynamics of international business to thrive in this integrated economy.
MBITA's finance column features articles from the experts in TRADE FINANCE for exports.
EXPORTA Comes to San Jose, California
OPIC Comes to San Jose, California
On November 13th in San Jose, Ca, the Overseas Private Investment Corporation (OPIC) will be conducting the workshop for U.S. small to medium sized businesses with the latest in the highly-successful Expanding Horizons 2013 series that helps businesses learn how they can compete in the global marketplace.
A central focus on this event is the opportunity to schedule and meet in 'one on one meetings' with OPIC staff and representatives from the participating U.S. government agencies who will answer questions related to your business. It includes workshop materials, breakfast and lunch.
Register online
Event flyer
Conference Brochure
Meridian Finance Group
The most active Ex-Im Bank Insurance Broker and 2013 Ex-Im Bank Broker of the Year
For information call Meridian Finance Group at 310-260-2130, email export@meridianfinance.com, or visit www.meridianfinance.com.

Ex-Im Bank Approves $34 Million to Finance the Export of U.S. Solar-Related Products to Spain and South Africa
Transaction Supports White House Power Africa Initiative
Washington, D.C. - As part of its renewable-energy push, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a pair of direct loans totaling $33.6 million to Abengoa of Seville, Spain, that will facilitate the export of American heat-transfer fluid produced by The Dow Chemical Company for use in solar projects in Spain and South Africa.
Ex-Im Bank's financing will support approximately 200 U.S. jobs, according to bank estimates derived from Departments of Commerce and Labor data and methodology.
"Ex-Im Bank's consistent support of renewable-energy projects demonstrates our commitment to supporting high-skilled jobs in an important homegrown industry and improving the environment," said Ex-Im Bank Chairman and President Fred P. Hochberg. "In addition to contributing to cleaner sources of energy and supporting U.S. jobs, these two transactions will support President Obama's goal of doubling access to power in sub-Saharan Africa."
Power Africa is a new initiative to double access to power in sub-Saharan Africa. In its initial phase, the United States has already committed more than $7 billion in financial support to this effort.
DOWTHERMTM A heat-transfer fluid from Dow is a key component of the steam-heating process in concentrated solar power plants and replaces conventional fossil-fuel boilers.
Headquartered in Midland, Mich., The Dow Chemical Company, and its consolidated subsidiaries (Dow), delivers a broad range of technology-based products and solutions through the production, marketing, and sales of specialty chemicals and advanced materials and plastics. Dow operates manufacturing sites in 36 countries and employs approximately 54,000 people.
"The Ex-Im Bank is enabling growth in the U.S. and beyond," said Carolina Barrios, market development manager for Dow Heat Transfer Fluids. "By supporting the use of high quality, U.S.-made exports, this transaction advances the competitiveness of Dow manufacturing and operations jobs locally, while helping to meet clean energy demands around the world."
Abengoa is an international company based in Seville, Spain, that applies innovative technology solutions for sustainability in the energy and environment sectors. The company operates two parabolic-trough solar plants in Logrosan, Spain, and is currently building two plants in the Northern Cape Province of South Africa with the Industrial Development Corporation. The two plants in Spain and one of the two in South Africa will rely upon DOWTHERM A.
This press release was issued on 9/19 by Ex-Im Bank. Press release source article.
Contact Lawton King (202) 565-3200.
DS-Concept Establishes New Partnership
DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million non-recourse international accounts receivable facility to a distributor of home goods. DS-Concept was introduced by the company's bank whose credit facility excluded foreign accounts receivable from their borrowing base.
"We're happy to have a new partnership with the company's bank while providing a solution for our client," stated Brandyn Prust, Vice President of Sales. "DS-Concept's global network allowed us to leverage our resources at the local level to efficiently support the financial and legal negotiations simultaneously in three time zones."
This press release was published by DS-Concept Factoring, Inc. on 9/11 2013.
Statement from U.S. Commerce Secretary Penny Pritzker on International Trade in Goods and Services in July 2013
On September 4th U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the July 2013 U.S. International Trade in Goods and Services data. U.S. exports hit the second-highest monthly level on record in July, dropping slightly to $189.4 billion, from an all-time monthly record of $190.5 billion in June. Record export levels were achieved in services and petroleum products. Exports through the first seven months of 2013 totaled $1.3 trillion, keeping the United States on track for another record-setting year.
Since President Obama launched the National Export Initiative (NEI) in 2010, an ambitious plan to sell more American goods and services into foreign markets, the United States has seen an increase of 1.3 million export-supported jobs. The NEI is the first Presidential-led, government-wide export promotion strategy. Through the initiative's focus on improving trade promotion and advocacy, reducing barriers and enforcing trade rules, U.S. exports have continued to grow.
"We have seen record U.S. exports under the National Export Initiative," said Secretary Pritzker. "While we still have more work to do, exports in July 2013 hit the second-highest monthly levels on record, and nearly 10 million Americans now have export-supported jobs. The U.S. Department of Commerce is committed to doing everything we can to help U.S. businesses continue to sell more products and services abroad and support even more jobs here at home.
U.S. Export Fact Sheet September 2013
Contact: United States Department of Commerce
Office of Public Affairs - Tel. 202-482-4883
Press release source article.
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The National Export Strategy is available also at
http://trade.gov/NEI and http://export.gov.
International Trade Update at
http://www.trade.gov/publications/ita-newsletter/
United States Department of Commerce
Office of Public Affairs - Tel. 202-482-4883
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