Home / Knowledge / News / Textiles / U.S. Commerce Secretary honors IFAI Expo Asia 2011
U.S. Commerce Secretary honors IFAI Expo Asia 2011
17
Dec '10
U.S. Commerce Secretary Gary Locke presented Industrial Fabrics Association International - IFAI President and CEO Stephen Warner with a recognition award Dec. 1 for receiving the Market Development Cooperator Program (MDCP) Grant for its IFAI Expo Asia 2011 trade show development.

The MDCP award is bestowed by the International Trade Administration (ITA) of the U.S. Department of Commerce, and includes a $250,000 grant plus technical assistance from ITA to support well-defined business plans aimed at increasing exports and U.S. competitiveness within certain industries. The MDCP award establishes a partnership between ITA and nonprofit industry groups to help strengthen global competitiveness and create jobs through exports.

“These funds will help U.S. firms compete globally so they can sell more of their goods and services abroad and create jobs here in the U.S.,” Secretary Locke said. “The MDCP is a good example of how public/private sector partnerships can leverage limited public resources to help small- and medium-sized businesses expand their exports to compete in the global marketplace.”

IFAI's funding is specifically intended to encourage U.S.-based specialty fabric suppliers to export into the Asia Pacific region. The funds will be used to lower costs for U.S. companies exhibiting at IFAI Expo Asia 2011 in Singapore, 22-25 March 2011, and to bring qualified targeted buyers to the event to meet with these U.S. companies.

U.S. Sen. Amy Klobuchar (D-Minn.) chairs the Senate Commerce Subcommittee on Competitiveness, Innovation and Export Promotion, and in her presentation she commended IFAI saying, “I am very proud that one of the five organizations receiving the MDCP grant is from Minnesota.”

IFAI Expo Asia 2011 has also received Trade Fair Certification from the U.S. Commercial Service of the Department of Commerce. This government certification is an elite status and has never before been given by the Department of Commerce to a first-time trade fair. The Trade Fair Certification program is a cooperative arrangement between private sector trade show organizers and the U.S. government to increase U.S. exports and expand U.S. participation in overseas trade shows.

According to Warner, “The boom is on in the Asia Pacific region for specialty fabrics. In the last two years the region's governments committed more than $300 billion for green industrial projects, energy and water conservation, renewable energy, air and water quality and coastal regeneration. All these applications can involve products made from specialty fabrics.”

Echoing Secretary Locke and Sen. Klobuchar, Warner added, “Ninety-five percent of consumers live outside the U.S. Only one percent of U.S. manufacturers export and sixty percent of those companies only export to Mexico and Canada. There is a world filled with opportunities, but you have to strike quickly in this fast-changing environment,” Warner said.

Since MDCP's inception in 1993, the Department of Commerce has made 102 awards under the program. In an average year, MDCP is projected to generate $219 million in U.S. exports. In this year's State of the Union address, President Obama set a goal for America–to double U.S. exports of goods and services over the next five years.

Industrial Fabrics Association International - IFAI


Must ReadView All

Sri Lanka to set up 150 mini apparel units

Apparel/Garments | On 23rd Nov 2017

Sri Lanka to set up 150 mini apparel units

A mini apparel factory was opened recently at Sri Lanka’s Menik Farm...

Egypt keen to boost ties with India in MSMEs, textiles

Textiles | On 23rd Nov 2017

Egypt keen to boost ties with India in MSMEs, textiles

Egypt is eager to boost cooperation with India, particularly in the...

India begins review of anti-dumping duty on caustic soda

Textiles | On 23rd Nov 2017

India begins review of anti-dumping duty on caustic soda

The Directorate General of Anti-Dumping & Allied Duties (DGAD), under ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search