2017 World Trade Week Kicks Off With President’s “E” Awards Ceremony

May 22, 2017  |  No Comments  |  by Nicole àBeckett  |  Blog

President Trump has proclaimed May 21-May 27 2017 as World Trade Week. In the proclamation, the President highlights the importance of trade expansion to the U.S.’s economic growth. Further, he declares commitment to breaking down trade barriers and opening up new markets for American exports.

He mentions that “robust trade” is critical to the economic strength of the U.S., and urges the recognition and celebration of the power of fair international commerce to bring benefits to our country). He focuses on the promotion of trade for U.S. manufacturers and small businesses, who he believes to be most affected by unfair trade practices.

Over this World Trade Week, the President urges Americans to celebrate the benefits of trade for the U.S. through trade shows, events, and educational programs.

The week kicked off today at the 2017 President’s “E” Awards ceremony, where U.S. Secretary of Commerce Wilbur Ross honored 32 U.S. companies that export goods and services This year, honorees included 26 small and medium-sized businesses as well as 11 manufacturers.

The “E” Award is the greatest recognition a U.S. entity can be awarded for making significant contributions to the expansion of U.S. exports. Today’s honorees were responsible for exporting about $2.2 trillion worth of goods and services in 2016 and supporting 11.5 U.S. jobs. For more information on the “E” award ceremony and the companies honored during the event, check out the Department of Commerce’s website.

Mercatura Global is an advocate of the expansion of U.S. exports. As a global trade consulting firm, we can assist your company in engaging in international trade and reaching a broader consumer base. If you are interested in tapping into global markets, contact Mercatura Global today to identify your export readiness and develop an expansion strategy.

SBA’s 2017 Exporter of the Year Rose Morris and the Safety Sleeper

May 4, 2017  |  No Comments  |  by Nicole àBeckett  |  Blog

Rose Morris, inventor of The Safety Sleeper, was the winner of the Small Business Administration’s (SBA) 2017 Exporter of the Year Award. SafetySleeper was created in 2009 as sleeping solution for Morris’s son, Abram, who is on the Autism spectrum.

Safety Sleeper is a cocoon-like enclosure that goes over beds to reduce stimulation, provide a calming effect, and prevent night wanderings. The product is durable, portable, and lightweight and has now evolved to include features like a safety zipper system, enclosed mattress to protect against entrapment, fire retardant material, stabilizing straps to prevent tipping, and frame pads (Safety Sleeper).

Upon creating the Safety Sleeper, Morris also used the company as an opportunity to start a non-profit charity. Fund it Forward is an organization devoted to purchasing equipment for families of special needs children when insurance does not cover the costs.

At the beginning stages of Safety Sleeper, Morris and her husband were making the products at their home, which allowed them to make adjustments to the product. After receiving assistance from resources like the Women’s Business Center, Duquesne University Small Business Development Center, SCORE at Chatham University, and University of Pittsburgh’s Swanson School of Engineering, Morris gained accounting, exporting, engineering, and design skills to help grow her company.

Now, she has sold over 1,000 units in the U.S. and throughout the world. Her sales recently hit to $1 million mark and she currently exports to 12 different countries (Small Business Administration). Morris’s story is not unique, and over 98% of all U.S. exporters are small businesses. These exports help drive economic growth, and they are integral for personal business development and revenue growth.

If you are a small business owner interested in achieving your own success through exporting, Mercatura Global can help create a market entry strategy to meet your goals. Through services such as partner identification and global sourcing, we facilitate your company’s expansion into global markets and provide support throughout the export process. To learn more, contact Mercatura Global today.

Africa’s Economic Growth Shows Potential for International Trade

December 2, 2016  |  No Comments  |  by Nicole àBeckett  |  Blog

DP World Group Chairman and CEO recently met with President Filipe Nyusi of Mozambique at an economic summit it Maputo. Based in Dubai, DP World is a leading enabler of global trade through marine/inland terminals, maritime services, logistics, ancillary services, and technology driven trade solutions (DP World). At the summit, DP World Chairman Bin Sulayem and Nyusi discussed ways to connect Africa’s intra-regional trade routes as a means to “unlock” Africa’s economic potential (Global Trade Magazine).

According to Bin Sulayem, Africa can capitalize on its potential through government partnerships, trading blocs, and a strong private sector. Eight out of the world’s twenty fastest growing economies are in Africa, and DP World fully intends to increase their trade relations with Africa in coming years (Seatrade Maritime News). The number of foreign companies investing in Africa has been growing at a rate of about 6%, and many companies are interested in long-term investments in sectors such as power, construction, and IT.

As Africa develops more ports and logistics centers, it becomes more and more a destination for international trade. If you are interested in evaluating your potential to trade with Africa, contact Mercatura Global today.

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