Dear Friends:
The U.S. Government is doing its best (such as that is at this moment) to encourage export activity in order to: bolster domestic employment and entrepreneurial opportunities; supply trade and project financing, as well as international credit guarantees which are not readily being provided by U.S. or international banks and insurance companies; bring the Balance or Trade and the Balance of Payments to better levels; encourage investment by foreign countries in the United States; improve the international standing and reputation of the United States (ostensibly through citizen ambassadorship); and to increase direct funding to the entrepreneurial/ private sector to stimulate innovation and ingenuity.
While I have included two announcements from EXIM, the first of these contains a belated reminder to attend a webinar which has already taken place...In my opinion, these presentations are, generally, speaking, a waste of time. If you are established in exporting, you won't glean any useful knowledge here, and if you are an eager neophyte, the information is not put together in a way that is readily understandable, or, more importantly, applicable. The most important aspect of the letter is simply its tone. It is worth reading for that much alone.
YOUR OWN VIRTUAL EXPORT DEPARTMENT:
Every U.S. entrepreneurial enterprise or company wishing to expand globally on an immediate basis at minimal cost by creating a virtual export department (requiring no addional staffing or corporate infrastructure at all) should visit THE NATIONAL NETWORKER'S INTERNATIONAL AGENT/DISTRIBUTOR PROGRAMS site immediately. It can be accessed at http://TNNW7.blogspot.com .
THE NEWS FROM EXIMBANK [OFFICIAL ANNOUNCEMENTS]:
1. The following information is from the Export-Import Bank of the United States (Ex-Im Bank). It is being sent to subscribers to the Bank's Exporter News email list for those interested in learning fresh strategies for entering new markets, increasing sales, and reducing risks.
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Webinar: Competitive Financing for International Buyers (May 19)
Many U.S. businesses lose international sales because their buyers either cannot obtain financing, the interest rates are too high, or their foreign competitors have arranged loans. The Export-Import Bank of the United States (Ex-Im Bank) assists U.S. companies by guaranteeing financing to creditworthy international buyers, both public and private sectors, for purchases of U.S. capital goods and services.
The guarantee for the commercial lender loans to foreign buyers covers 100 percent of principal and interest against both political and commercial risks of nonpayment. Medium-term guarantees (up to seven years) cover the sale of capital items such as trucks and construction equipment, and engineering services. There are flexible financing options and repayment terms and no limits on transaction size.
Buyer financing can make or break your next transaction so register now!Date: May 19, 2009 Time: 2:00 - 3:00 p.m. EDT Price: $50 Register: https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=9Q7Z >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
You are receiving this message because you have asked to receive information from the Export-Import Bank of the United States regarding the Bank's activities.
If you would like to be ADDED to the Bank's email distribution list regarding general Ex-Im Bank activities, or any of the other email publications, please visit http://www.exim.gov/lists/subscribe.cfm
If you would like to MODIFY your email address visit http://www.exim.gov/lists/edit.cfm to revise your subscription preferences, or to DISCONTINUE receiving these general news items from the Export-Import Bank of the United States, please send a blank email to leave-enviroexports-list-63999P@lists.exim.gov.
If you use an anti-spam program or service, add Ex-Im Bank's news and information e-mails (sent from Newsdesk@exim.gov) to your safe or permitted sender list. For details: http://www.exim.gov/lists/whitelist.cfm.
2. The following information is from the Export-Import Bank of the United States (Ex-Im Bank). It is being sent to subscribers to the Bank's Country Limitation Schedule (CLS) email list for those interested in receiving information about changes and updates to the CLS.
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The Country Limitation Schedule (CLS) issued by the Export-Import Bank of the United States (Ex-Im Bank) has been updated. The new CLS is effective MAY 14, 2009.
The new CLS may be accessed on-line on MAY 14, 2009 at: http://www.exim.gov/tools/country/country_limits.cfm. The CLS and Cover Letter are also attached as PDF files.
The CLS indicates where Ex-Im Bank is "open for cover" and where Ex-Im Bank is "off-cover". The "open for cover" designation refers to the possibility, rather than the certainty of Ex-Im Bank support in particular cases. Where the CLS presents an X mark, Ex-Im Bank is "off-cover", and is therefore not willing to consider approval of routine transactions. These "off-cover" determinations are due to economic and/or political risks associated with the country.
For more information on the Ex-Im Bank, please visit our website at http://www.exim.gov.
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You are receiving this message because you have asked to receive information from the Export-Import Bank of the United States regarding updates or changes to the Bank's CLS.
If you would like to be ADDED to the Bank's email distribution list regarding general Ex-Im Bank activities or any of the other email publications, please visit http://www.exim.gov/lists/subscribe.cfm.
If you would like to MODIFY your email address visit http://www.exim.gov/lists/edit.cfm to revise your subscription preferences or to DISCONTINUE receiving these general news items from the Export-Import Bank of the United States, please send a blank email to leave-cls-list-63998K@lists.exim.gov.
If you use an anti-spam program or service, add Ex-Im Bank's news and information emails (sent from Newsdesk@exim.gov) to your safe or permitted sender list. For details: http://www.exim.gov/lists/whitelist.cfm.
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If you are a U.S. -based business, this is a wonderful time to export. The U.S. Dollar is at a relatively low rate of exchange versus other currencies...EXIM is "loosening up" its credit parameters while U.S. and international banks are tightening theirs...and, your advantage over U.S. businesses who are not actively seeking out global markets is greater than it has ever been in U.S. history. This is an unprecedented opportunity to grow a global business while other enterprises are struggling to court U.S. consumers who are becoming increasingly inaccessible due to rising unemployment (and the accompanying insecurity regarding expenditure), and due to the continuing unavailability of consumer credit and business capital. The irony is that it is easier for a small U.S. company to get international trade and project financing than it is to get financing for continuation of domestic operations and growth.
It might serve you well to let your business follow the flow of money availability at this time.
Faithfully,
Douglas Castle, INTERNATIONALIST
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