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For Immediate Release: November 20, 2009
Contact: Cory Churches  (202) 482-3809

ITA Helps Florida Exporters Connect with Financing Opportunities

WASHINGTON – More than 150 Florida exporters learned about the variety of financing opportunities available to them during today’s “Finding Financing for Florida’s Exporters” seminar co-sponsored by the International Trade Administration (ITA) and the Florida International Bankers Association.

“American exporters are facing increasing challenges in obtaining financing to enter and compete in today’s global marketplace,” said Commerce Deputy Assistant Secretary for Services Joel Secundy.  “We are pleased to be able to assist Florida’s exporting community on how to seek and obtain services offered by banks, and U.S. government agencies in order to turn export opportunities into actual sales.”

Merchandise trade has a significant impact on Miami. In the first half of 2008, the metropolitan area of Miami-Fort Lauderdale-Miami Beach exported $16.2 billion in merchandise, 65 percent of Florida’s total merchandise exports.

The seminar brought together trade finance experts from both the public and private sectors, including officials from the U.S. Export-Import Bank, the U.S. Small Business Administration, and the World Bank, to discuss the resources available to Florida’s exporters, especially small and medium-sized companies, for their financing needs. 

The ITA offers support to businesses of all size with a strong focus on small and medium-sized firms. ITA publishes The Trade Finance Guide: A Quick Reference for U.S. Exporters and A Basic Guide to Exporting (10th edition), both of which offer clear concise information to firms regarding the ins and outs of exporting.

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