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.
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.
NADEC Annual Export Conference brings together the distinguished speakers, business leaders, high ranking U.S. and foreign government officers, exporters, service providers, and trade promotion agencies to discuss the latest news and updates on the Trade Policy, Export Market Opportunities, and Challenges on focused sectors and regions.
Open to All Exporters and Business Leaders!
Join us at this unique conference where you will have the opportunity to
Listen to the business leaders and exporters in break-out sessions and exciting panels on the Trade Policy, Global Market Review, Export Opportunities and Challenges, and DEC Management Best practices
Experience speed-networking with the other exporters, and
Discuss specific concerns and challenges with the experts in table topic discussions
Keynote Speakers
Gilbert Kaplan, Under Secretary of Commerce for International Trade, U.S. Department of Commerce
Ambassador CJ Mahoney, Deputy U.S. Trade Representative
Barbara Humpton, CEO, Siemens Corporation
Spencer Bachus, Member,Board of Directors, EXIM Bank of the U.S.
Andrea Gacki, Director, Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury
Focus sectors this year include:
Emerging Industries: Artificial Intelligence, Smart Buildings and Infrastructure, and Internet-of-Things
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
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.
Secretary of Commerce Wilbur Ross with NADEC Chair Robert Brown and Vice Chair Oz Erdem
Secretary Wilbur Ross addressed DEC members at NADEC Legislative Summit
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.
The National Association of District Export Councils (NADEC) is a private sector non-profit corporation. Although the U.S. Secretary of Commerce appoints local District Export Council members, those members are not U.S. government employees. The NADEC administers this website, including all content decisions. All opinions, conclusions, or recommendations expressed are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Commerce, including the U.S. & Foreign Commercial Service.
