By Dr. Robert Brown, NADEC Chair Emeritus
US Exim Bank helps US companies export:
- Provides financing for US exports
- Export Credit Insurance: assigns foreign receivables to US lenders
- Working Capital Guarantee: covers standby letters of credit
- Term Financing for goods and related services
- Financing may be too expensive in overseas markets. For instance, in Argentina local borrowing costs are about 60%. US Ex-Im Bank can provide financing at 8.5%.
- Can finance up to 95% of export value for credit insurance
- Gives US exporters longer period to repay – up to 18 years for term financing
- Even the smallest companies can benefit from Ex-Im Bank support. No company or deal is too small.
By Rudy Ortiz, NADEC Trade Policy Committee
In Sept of 2018, the USTR released List 3 of Section 301 which contained those items coming from China that would incur a 25% tariff upon arrival to the U.S.
Obviously, this tariff has negatively impacted U.S. businesses significantly, especially those that were unaware of the tariff and/or had no means to pass the cost of the tariff on to their customers.
The HTS codes of these items start at 0203.29.20 and end at 9706.00.00; a huge number of items covering everything from various kinds of meat to antiques.Continue reading “Guidance on List 3 of Sec. 301 Exclusions and Exemptions”
Over 130 District Export Council members, Department of Commerce officers and Industry representatives attended the 2018 NADEC Forum and Export Symposium to share the recent developments and work on the pressing issues on U.S. foreign trade and exporting.
Secretary of Commerce Wilbur Ross addresses the NADEC Export Symposium attendees and provides updates on the recently negotiated USMCA agreement, steel tariffs, and the U.S. economical outlook
Congratulations to Erin Butler, Executive Secretary of the Year, 2018
Congratulations to Maryland DEC, District Export Council of the Year, 2018. (Press Release)
NADEC members with the U.S. Secretary of Commerce, Wilbur Ross
This year our speakers included:
– Wilbur Ross (U.S. Secretary of Commerce)
– Ian Steff (Performing the non exclusive functions and duties of the Assistant Secretary for Global Markets and Director General of the U.S. and Foreign Commercial Service)
– Tom McGinty (National Director, U.S. Commercial Service)
– Kris Denzel (Senior Director for International Policy, U.S. Chamber of Commerce)
with panels on
- How to Get Started/Re-engaged as a DEC Member
- Taking Your DEC to the Next Level
- DEC Manual Updates
- Congressional Engagement Methods
- Providing Direct Business Assistance
as well as DoC ITA Updates and Speed Networking sessions.
And several panels focusing on the key export issues and updates:
- NAFTA – USMCA
- Doing Business Where Others Don’t Dare: Russia, Turkey, Cuba
- Tariffs – China and Everywhere Else
- The Commercial Piece of the New Indo-Pacific Strategy Policy of the Commerce Department
- Exim Bank – Show me the Money!
More photos from the event are here
Over 90 District Export Council members, Department of Commerce officers, as well as Industry representatives attended 2018 NADEC Legislative Summit to share the recent developments and work on the pressing issues on U.S. foreign trade and exporting. This year’s NADEC Legislative Summit focused on the perspective from the new administration on trade policies as well as outlook on legislative trade policy issues.
Invited speakers and panelists included:
– Keynote remarks by Secretary of Commerce Mr. Wilbur Ross
– Ian Steff, Performing the Non-Exclusive Duties of the Assistant Secretary for Global Markets & Director General of the U.S. and Foreign Commercial Service
– John Murphy, SVP for International Policy, U.S. Chamber of Commerce
– Daniel Crocker, Representative, American Foreign Service Association
– Linda Dempsey, Vice President, International Economic Affairs at NAM
– Pat Kirwan, Director, TPCC, US Department of Commerce
– Andy Karellas, Director of Federal Affairs, SIDO
– Greg Walters, Assistant USTR for Intergovernmental Affairs and Public Engagement
– Christina Sevilla, Deputy Assistant USTR for Small Business
– Jean Janicke, Director, Office of Trade Negotiations and Analysis, ITA
– Amgad Shehata, Senior Manager, UPS Global Public Affairs
– Tom Susman, Director, Governmental Affairs Office, American Bar Association
– Denise A. Cardman, Deputy Director, Governmental Affairs Office, American Bar Association
Table Topic Discussions moderated by Department of Commerce International Trade Administration (ITA) leadership and Subject Matter Experts:
China-What’s Next, Moderator: Alan Turley
Africa , Moderator: Skip Jones
Europe , Moderator: William Kutson
Western Hemisphere, Moderator: Alex Preacher
IndoPacific, Moderator: Diane Farrell
301 Investigations, Moderator: Jean Janicke
A Conversation with the Deputy Undersecretary, Moderator: Sarah Kemp
Enforcement & Compliance- Anti Dumping and CVD , Moderator: Gary Taverman
CS Priorities, Moderator: Dale Tasharski
International Data Flows and Privacy, Moderator: Michelle Sylvester-Jose
Supply Chain, Moderator: Maureen Smith
Trade in Financial Services, Moderator: Paul Thanos
The second next day of the Summit was devoted to Capitol Hill visits for raising the awareness on the key issues such as NAFTA Renegotiations, EXIM Bank reauthorization, and Miscellaneous Tariff Bill.