U.S. International Trade Administration to Offer Educational Resources to CMA Members

Credit Management Association® announced that it has entered into a strategic partnership with the International Trade Administration (ITA) of the U.S. Department of Commerce (DOC). The Memorandum of Agreement (MOA), titled the “U.S. Trade and Investment Expansion Partnership,” will help credit and risk management professionals gain access to educational resources needed to expand their businesses nationally and globally.

The agreement, which represents a relationship between CMA and the U.S. Department of Commerce, will promote international trade to CMA’s members by increasing awareness of the economic benefits of exporting, and educating them on trade activities as a job creation and growth strategy. As part of the agreement, CMA will work with the DOC to increase trade and business investment awareness among the U.S. business community, emphasizing the small- and medium-sized businesses that make up CMA.

Through this program, CMA and the DOC will jointly develop a series of educational webinars on topics such as the importance of trade and business investment and associated benefits to the economy, export and business investment opportunities, and ITA’s role in opening foreign markets to U.S. exporters. Additionally, this partnership creates the platform to engage in a dialog between CMA and the DOC. The program expands upon the resources of another CMA-sponsored service, the Global Trade Credit Consortium, which offers assistance for companies that sell internationally by providing access to letters of credit, international collections, banking resources, credit insurance, international credit reports and education and training.

“In this global economy, CMA is constantly evaluating which programs and services it offers that will help our members the most,” said CMA President Mike Mitchell. “Participation in this project furthers CMA’s programs such as the Global Trade Credit Consortium which encourages the economic growth of its members and other small and medium-sized businesses, and gives them access to some high-powered government resources on these topics. CMA is helping its members to better understand how to navigate and effectively compete in a global marketplace.”

“The function of the ITA is that it strengthens the competitiveness of U.S. industry, promotes trade and investment, and ensures fair trade through the rigorous enforcement of U.S. trade laws and agreements. ITA works to improve the global business environment and helps U.S. organizations compete at home and abroad,” said Eddy Sumar, CMA Director of Educational Services. “The goals of this U.S. Trade and Investment expansion partnership are to increase the economic benefits of trade; educate the public on trade activities as a job creation and growth strategy; to create general awareness of ITA and other government resources, and encourage U.S. businesses interested in exporting and foreign businesses interested in investing in the United States to seek the assistance of ITA. I can’t wait to announce some of the great training programs that we have planned.”

“In the coming months, CMA members will be reading more about these developments via CMA’s social media sites, blog, newsletter and other communications. I am very excited about the growth possibilities of this program,” Sumar added.

These educational sessions will complement the nearly 100 annual seminars, webinars, courses, conferences and training sessions that CMA offers. For details on other offerings, visit www.creditmanagementassociation.org/events.

4 Replies to “U.S. International Trade Administration to Offer Educational Resources to CMA Members”

  1. Mike and Eddy, coodos to you both for putting this relationship together with ITA. Very exciting to see this due to the growth in global business and the need for our credit professionals to be more versed and up to date in global credit. Definitely adds value to CMA and its members.

  2. @Michael Webinars and in-person seminars are the current plans. More details about the specifics of the programs will be available as they get closer.

  3. I am curious how you will decide on what topics to cover? I believe that anyone interested in the webinars is already sold on the economic benefits and importance of trade. That aspect doesn’t need to be promoted. But many companies with the desire and sometimes even potential customers shy away because they are nervous about how to do the down & dirty shipping document process along with the financing/insurance/credit protection issues. Most seminars & webinars I have attended are too general and broad to address the real meat & consequently, do little to dispel exporter’s fear that the process is too complex. So, the potential exporter remains on the starting gate. Perhaps some thought can be given to asking membrs what would be most helpful for them with more emphasis on the practical “how-to”. Then a more enticing webinar curriculum could be designed. Not necessarily a step-by-step but enough to take the mystery out of the process. Webinars taking a few example transactions from start to finish could be useful.

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