St. Charles, Missouri — U.S. Secretary of Commerce Wilbur Ross today presented World Trade Consult, LLC with the President’s “E” Award for Export Service at a ceremony in Washington, D.C., May 22. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.
“World Trade Consult has demonstrated a sustained commitment to export expansion. The “E” Awards Committee was very impressed with World Trade Consult’s creative use of insurance options to protect its clients’ assets and reduce risk. The company’s work within the community to promote exporting and educate new exporters was also particularly notable. World Trade Consult’s achievements have undoubtedly contributed to national export expansion efforts that support the U. S. economy and create American jobs” said Secretary Ross in his congratulatory letter to the company announcing its selection as an award recipient.
World Trade Consult, LLC, located in St. Charles, Missouri, is a specialty Export Credit Insurance broker, providing Export Credit Insurance primarily to the small and medium-sized U.S. businesses that export goods and provide services to customers outside of the United States. Export Credit Insurance helps these small and medium size exporters reduce the risk of foreign customer non-payment of export shipment invoices. This insurance also enables small and medium size exporters to obtain the necessary working capital financing from financial sources needed to produce, ship and carry the export accounts receivable until payment is received. Finally, it allows the exporter to offer more competitive payment terms to win more and larger export sales.
“Exporting is crucial to the success of the businesses with whom we work,” said John R. Koch, President, World Trade Consult, LLC. “Every day we support and witness the growth of our clients’ businesses, due in large part to exporting. This growth has enabled our exporting clients to add jobs and support their local communities as they expand their bottom line.”
In total, Secretary Ross honored 32 U.S. companies and organizations from across the country with the President’s “E” Award for their role in strengthening the U.S. economy by sharing American ingenuity outside of our borders.
U.S. companies are nominated for the “E” Awards through the U.S. Commercial Service, part of the Department’s International Trade Administration. With offices across the United States and in embassies and consulates around the world, The International Trade Administration lends its expertise at every stage of the exporting process by promoting and facilitating exports and investment into the United States; administering Anti-Dumping and Countervailing Duties orders; and removing, reducing, or preventing foreign trade barriers.
U.S. exports totaled $2.21 trillion in 2016, accounting for nearly 12 percent of U.S. gross domestic product. Exports supported an estimated 11.5 million jobs nationwide in 2015, according to the most recent statistics from the International Trade Administration.
About the “E” Awards
In 1961, President Kennedy signed an executive order reviving the World War II “E” symbol of excellence to honor and provide recognition to America's exporters. Criteria for the award is based on four years of successive export growth and case studies which demonstrate valuable support to exporters resulting in increased exports for the company’s clients.
For more information about the “E” Awards and the benefits of exporting, visit www.export.gov.