Celebrating International Trade in MarylandJune 3, 2014
Jack McCutcheon and Paul Matino Support Maryland Businesses at the Baltimore Export Assistance Center.
International exporting can seem daunting to many large and small businesses because they are unsure how to successfully take advantage of opportunities abroad.
Last week, at the 2nd Annual Celebration of International Trade, speakers provided veteran insight about the realities of doing business beyond the borders of the United States. The celebration was in honor of International Trade Month and brought together ambitious Maryland businesses for the chance to learn more about growing their companies.
The celebration provided information and discussions on international financial considerations, risk management, logistics, and legal concerns of international exporting. Dominick Murray, Secretary of the Maryland Department of Business & Economic Development, stressed the fact that currently less than 10 percent of Maryland companies participate in exporting.
Laura Lane, President of Global Public Affairs for UPS, noted that 95 percent of the world’s consumers live outside the U.S., and that optimizing international commerce through the establishment of modern and effective free-trade agreements will be critical for the continued strength of the U.S. economy.
Between the educational seminars, the annual award ceremony honored an exemplary exporter in the DC-Maryland region, John Malone, who is the General Counsel and Vice President of Compliance and Quality Assurance at WTS International. WTS was this year’s recipient of the U.S. Commercial Service’s Export Achievement Award, and also also was recognized by Sen. Barbara Mikulski’s office.
Maryland District Export Council Members Carl Livesay and Maryjane Norris were also presented with awards recognizing their contributions to business.
Many of the celebration’s speakers noted that succeeding in foreign markets can be easier than it seems. With the right information, proper planning, and assistance from the state, doing business abroad can be both a great contribution to the bottom line, and good reason to return for the 3rd Annual Celebration of International Trade next year.