New Edition of Trade Guide for Exporters Released

In April 2008, due to the excellent reception by US exporters to the first edition of the Trade Finance Guide, the second edition of the Trade Guide was released.

Since its release in April 2007, over 5,000 printed copies of the Trade Finance Guide (TFG) have been distributed to the public and its online version has been downloaded more than 20,000 times from the US Commerce Department website. The second edition includes a new chapter on foreign exchange risk management as well as updates to all of the other chapters. The additional content is in response to the interest expressed by a number of SMEs (small, medium size enterprises) that wish to export more efficiently in foreign currencies by mitigating the risk of currency exchange loss.

At the request of the U.S. Departmentt of Commerce, I provided overall guidance in the development of this update as I did for the first edition. I worked very closely in the editing with the project manager for the Guide, a senior Commerce employee, who was a student of mine a few years ago in the FCIB on line risk management course.