Background

The Department of Commerce is accepting through Oct. 15 nominations for membership on its Trade Finance Advisory Council. This council advises on the development of strategies and programs to help expand access to trade finance for U.S. exporters, especially small and medium-sized enterprises, and their foreign buyers. It focuses on the challenges faced by U.S. exporters in accessing capital, innovative solutions that can address these challenges, and programs and activities the DOC could incorporate as part of its export promotion and trade finance education efforts.

[Click here to register for ST&R’s upcoming webinar on trade finance.]

The council consists of no more than 25 members who may be drawn from the following.

- U.S. companies that are exporters of goods and services

- U.S. commercial banks and non-bank U.S. financial institutions that provide trade finance products, cross-border payment services, or foreign exchange solutions

- associations that represent (a) U.S. exporters and (b) U.S. commercial banks or non-bank financial institutions or other professionals that facilitate international trade transactions

- U.S. companies or entities whose business includes trade-finance-related activities or services

- U.S. scholars, academic institutions, or public policy organizations with expertise in global business, trade finance, and international banking-related subjects

- economic development organizations and other U.S. regional, state, and local governmental and non-governmental organizations whose missions or activities include the analysis, provision, or facilitation of trade finance products/services

Membership will include a broad range of companies and organizations in terms of products and services, company size, and geographic location of both the source and destination of trade finance. A member serving as an expert must not be a federally registered lobbyist.

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