Latest News
February 24, 2012
Export-Import Bank Reauthorization Update
The U.S. Export-Import Bank (Ex-Im Bank), a self-sustaining federal agency, is facing a looming deadline for their reauthorization. Unfortunately, Congress failed to enact a long-term reauthorization by Sept. 30, 2011 when its renewable charter expired and has since enacted two short-term extensions. The current extension is set to expire at the end of May and includes no [Read More]
February 24, 2012
SBEA Meets with Reporters, Shares Success Stories
On Thursday, Feb. 23, 2011, National Small Business Association (NSBA) President and CEO Todd McCracken and National Association of Manufacturers (NAM) President and CEO Jay Timmons, among others, led a roundtable discussion with various reporters to discuss the current political logjam on reauthorizing the U.S. Export-Import Bank (Ex-Im Bank). Joining McCracken and Timmons was NAM [Read More]
February 23, 2012
President’s 2013 Budget Aims to Boost Trade Enforcement
As part of President Barack Obama’s FY2013 budget blueprint, $26 million will be delegated to a new Interagency Trade Enforcement Center tasked with aggressively challenging other countries’ unfair trade practices. The center, which Obama first announced in his State of the Union address last month, will seek to use international rules and U.S. law to [Read More]
February 23, 2012
U.S. – South Korea FTA begins on March 15
After five years of negotiations, the U.S. and South Korea Free-Trade Agreement (FTA), has completed the last step in its approval and will be fully implemented on March 15. Congress approved the trade pact last October, which followed approval by the South Korean parliament on Nov. 22, 2011. However, some industry and agricultural interests in [Read More]
February 23, 2012
Velazquez Offers Bill to Aid Small Firms in Exporting
House Small Business Committee Ranking Member Nydia Velazquez (D-N.Y.) recently introduced legislation aimed at facilitating the participation of small firms in international trade. The measure, Enhancing Exports through Entrepreneurship Act of 2012 (H.R. 3976) creates new opportunities for entrepreneurs looking to market their products abroad. Many small businesses interested in exporting find it difficult to [Read More]
February 23, 2012
Increased Trade Deficit: Exports Up Along with Imports
The U.S. Department of Commerce’s Census Bureau and the Bureau of Economic Analysis (BEA) recently announced that December 2011’s exports increased slightly from November’s $177.5 billion to a total of 178.8 billion. While the $1.2 billion increase is positive news, imports, unfortunately, increased at a greater pace of $3.0 billion. This imbalance led to an [Read More]
February 23, 2012
Ex-Im Bank & Small Business
December 20, 2011
SBEA: The Year in Review
2011 has been a very busy year for the Small Business Exporters Association. Two key issues have been at the forefront of our advocacy efforts: enactment of the Free Trade Agreements (FTAs) and reauthorizing the Export-Import Bank of the U.S. (Ex-Im Bank) to include strong small-business language. In addition to SBEA’s advocacy efforts, we have [Read More]
December 20, 2011
U.S. Exports Down Slightly in October
The U.S. Department of Commerce’s Census Bureau and the Bureau of Economic Analysis (BEA) announced that total October exports of $179.2 billion and imports of $222.6 billion resulted in a goods and services deficit of $43.5 billion, up from $44.2 billion in September. October exports were $1.5 billion less than September exports of $180.6 billion. [Read More]
December 20, 2011
