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Commerce Dept Forms Trade Finance Advisory Council

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Commerce-DepartmentThe Commerce Department has launched a new federal advisory committee that will work to propose ways for U.S. exporters to access trade capital.

The Trade Finance Advisory Council will advise the commerce secretary on the development of forums to help stakeholders discuss export challenges, identify ways to address financial barriers and recommend programs to advance export and trade finance education initiatives, Commerce said Friday.

The establishment of the committee is part of the administration’s National Export Initiative strategy meant to help exporters deliver trade information and assistance to partners.

The commerce secretary will appoint up to 20 private-sector individuals who would serve for two years on the council.

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