March 2, 2015 On Feb. 13, during a House markup of the president’s FY 2016 budget request, the committee rejected an amendment that would have required consideration of the Ex-Im Bank reauthorization.
March 2, 2015 Recently, the Overseas Private Investment Corporation announced the 2015 schedule for its Expanding Horizons event, the agency’s trademark series of traveling workshops designed to help U.S. small businesses export.
March 2, 2015 This month, the SBEA Spotlight features long-time member Sonya Kostadinova, owner, president and CEO of Transcon Trading Co., Inc. located in Columbia, South Carolina.
February 11, 2015 On Jan. 28, Rep. Stephen Fincher (R-Tenn.) introduced a bill, Reform Exports and Expand the American Economy Act (H.R. 597) which would reauthorize the Export-Import Bank of the U.S. (Ex-Im Bank) for five-years along with a number of reforms. The Bank’s charter was in severe jeopardy last September, however, Congress granted a temporary reauthorization through [Read More]
February 11, 2015 On Feb. 5, The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, released their fiscal year (FY) 2014 export data. For FY 2014, the BEA reports that U.S. exports of goods and services reached a record of $2.345 trillion, which represents a 2.9 percent increase and set a [Read More]
February 11, 2015 Last week, both the Senate Committee on Finance and the House Ways and Means Committee held hearings with a single witness, U.S. Trade Representative (USTR) Michael Froman, to examine the status and potential impact of trade policy on American businesses and workers. Both the hearings specifically dealt with the Trans-Pacific Partnership (TPP), a trade pact [Read More]
January 30, 2015 On Jan. 23, the U.S. Trade Representative (USTR) Michael Froman released a statement announcing that the U.S. has formally accepted the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), which is expected to improve trade efficiency and generate hundreds of billions of dollars in economic activity. Ambassador Froman delivered the letter of acceptance to WTO [Read More]
January 22, 2015 President Barrack Obama in his State of the Union address called for renewal of Trade Promotion Authority which provides the necessary mechanisms for the negotiation, consideration, and implementation of trade agreements.
January 15, 2015 On Jan. 13, Jody Milanese, vice president of government affairs for the SBEA met with and participated in a White House Business Council Trade Fly-In.
January 15, 2015 On Jan. 5, the U.S. Trade and Development Agency (USTDA) released its Fiscal Year (FY) 2014 Annual Report, which highlights the agency’s success in connecting U.S. businesses to global infrastructure opportunities.