NMMA export webinar set for today

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The National Marine Manufacturers Association will host a one-hour webinar at 2 p.m. EDT today for members who are actively engaged in exporting or hope to do so.

With more than 95 percent of the world’s consumers outside the United States, the NMMA is working to help members turn export opportunities into transactions.

The NMMA and the U.S. Department of Commerce are continuing their partnership to identify qualified speakers.

Julie Balzano, the NMMA’s recently hired export development director, will moderate the webinar with presenters that include Charlotte Starfire, director of global trade solutions at SunTrust, and Rebecca Torres, commercial officer for the U.S. Commercial Service.

The webinar will address financial challenges that exporters face, including longer cash-flow cycles, payment risks, foreign bank exposures, foreign currency risks and regulatory hurdles.

Starfire will talk about approaches and solutions that are available to support export working capital and minimize risks. Programs offered with the support of the U.S. Export-Import Bank, the Small Business Administration and other financing solutions also will be explored.

The NMMA has invited the owner of a small accessory manufacturer to share his thoughts and experiences regarding the Export-Import Bank’s programs. Because of its programs, his company no longer has to turn away potential international buyers or assume significant payment risks, the NMMA said.

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