Strategic partnership will also promote ITA’s mission to improve the global business environment
NEW YORK — The National Minority Supplier Development
Council (NMSDC) and the U.S. Department of Commerce’s International Trade
Administration (ITA) are excited to announce a Strategic Partnership agreement
to promote ITA’s mission to increase the competitiveness of U.S. industry and
improve the global business environment.
The partnership involves the following activities:
Engaging in joint educational events to educate U.S. businesses about trade and
foreign direct investment.
Promoting ITA’s U.S. Commercial Service to the NMSDC network by showcasing ITA
and other federal assistance programs and resources that support U.S.
businesses seeking to export.
Attending signature events and identifying partnership opportunities to bring
greater awareness to ITA and NMSDC resources available to help U.S. businesses
To celebrate this historic occasion, NMSDC and ITA held a
signing ceremony earlier today at ITA’s U.S. Commercial Service office in New
York City where NMSDC CEO and President Ying McGuire and ITA Deputy Assistant
Secretary for the U.S. Field Kendee Yamaguchi signed the Memorandum of
Agreement, solidifying this partnership. Following the signing, the two leaders
hosted an informal roundtable to discuss ways the two organizations could
maximize the partnership going forward.
“As we work to accelerate MBE growth and build generational
wealth for communities of color, we must create opportunities for our certified
MBEs and corporate members to expand their businesses globally, said NMSDC CEO
and President Ying McGuire. “This partnership with the U.S. International Trade
Administration is an important part of creating those opportunities,” she
“As more U.S. businesses look to foreign markets, expanding
the pool of exporters to include new and diverse businesses is key to creating
equitable economic growth,” said Kendee Yamaguchi, Deputy Assistant Secretary
for U.S. Field at U.S. Department of Commerce’s International Trade
Administration (ITA). "The partnership between ITA and the National
Minority Supplier Development Council will achieve our shared priorities to
facilitate global opportunities and to help minority-owned businesses compete
and win in international markets.”
MBEs and corporate members interested in learning more about
this agreement and NMSDC’s other international activities should reach out to
NMSDC Global Link Program lead, Fang Fang at [email protected].
Founded in 1972, NMSDC is the longest-operating business
growth engine for the broadest group of systematically excluded communities of
color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and
our impact goes far beyond the supply chain. It’s about upward mobility for the
emerging majority of Americans, an equal shot at participating in the American
experiment of free-market capitalism and entrepreneurship. Our work is about
correcting the unequal access to wealth-building opportunities. For more
information, please visit nmsdc.org.
About the International Trade Administration
The International Trade Administration (ITA) at the U.S.
Department of Commerce is the premier resource for American companies competing
in the global marketplace. ITA has more than 2,200 employees assisting U.S.
exporters in more than 100 U.S. cities and 80 markets worldwide. For more
information on ITA, visit www.trade.gov.