Credit Management Association® (CMA) and the International Trade Administration (ITA) of the U.S. Department of Commerce (DOC) have agreed on an extension to its Memorandum of Agreement (MOA), titled the “U.S. Trade and Investment Expansion Partnership,” that will help credit and risk management professionals gain access to educational resources needed to expand their businesses nationally and globally.
The agreement, which now goes through Sept. 30, 2015, was signed at the recent CreditScape Conference in Las Vegas by CMA president Mike Mitchell and U.S. DOC representative Richard Swanson, at the event, which represents the largest gathering of credit managers on the West Coast. Upon completion of the contract, the program will be up for renewal for a third time.
The agreement, which was originally signed earlier this year, continues the relationship between CMA and the U.S. Department of Commerce, to 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, emphasizing the small- and medium-sized businesses that make up CMA.
Through this program, CMA and the DOC have begun jointly developing a series of educational webinars and events on topics such as exporting to Latin America and Mexico that was offered at the CreditScape Conference. Other topics are likely to include 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 dozens of annual seminars, webinars, courses, conferences and training sessions that CMA offers. For details on other offerings, visit www.creditmanagementassociation.org/events.
Pictured in the photo: Front row: Rich Swanson, USFCS Pacific South Region and Mike Mitchell, CAE, President & CEO, CMA (Credit Management Association). Second row from left to right: Melissa Kobus, Chairman of the Board, CMA; Bob O’Brien, Director Channel Partnership Development, D&B; Eddy Sumar, President, ER$ Consulting Services; Andrew Edlefsen, Director, USCS, USEAC.