US agency partners with USIBA to promote trade

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{image-india-us flag_19042008.jpg}Washington, Apr 19: A US government agency helping small business enterprises has joined hands with Indo-US trade association to advance export opportunities to India.

The US Small Business Administration (SBA) and the US-India Business Alliance (USIBA) have signed a Strategic Alliance Memorandum (SAM) that will allow them to share resources to help start, maintain, and expand small businesses, particularly through trade with India.''The Strategic Alliance Memorandum will further align the SBA and USIBA missions to support America's small businesses,'' SBA Administrator Steve Preston said yesterday. "Working together, we can strengthen US small businesses by helping them access growing markets like India, where business and consumer demand for US products and services is on the rise,'' he added. USIBA President and CEO Sanjay Puri said, ''USIBA is excited about Administrator Preston's enthusiastic promotion of a trade agenda.'' The agreement will extend each organization's efforts to foster and facilitate further involvement by the US small business community in trade with India, he said.

Under the arrangement, SBA will provide USIBA with timely information on the agency's programs, services and resource partners, update them on events that will advance their mission, provide speakers at USIBA events in accordance with SBA rules and policies.

It will also invite them to SBA-sponsored events, provide a hyperlink from SBA's website to USIBA's website, and assign a point of contact to serve as a liaison between SBA and USIBA.

As part of the pooling of resources, USIBA will cooperate with SBA and its resource partners to provide information to members about its businesses development programs and services, disseminate current SBA news and information, provide speakers for SBA-sponsored events, provide a hyperlink from USIBA's website to SBA's website and assign a point of contact to serve as a liaison between USIBA and SBA.

This agreement, the first of its kind for SBA and the US-India business community, will last for two years.


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