DIAMOND BAR, Calif.The Specialty Equipment Market Association (SE-MA) has snagged a $300,000 federal grant to support the trade association's efforts to help its members expand their export sales.
The grant, which is being handled by the Market Development Cooperator Program within the Commerce Department's International Trade Administration, will assist SEMA's efforts to help its 6,800-plus member companies.
Among the activities planned are a fact-finding and sales mission to Russia, working with government officials to seek pro-industry regulations that allow U.S. products equal market access and organizing overseas vehicle measuring sessions in key emerging markets, SEMA said.
As a global trade association SEMA seeks to help member companies grow and expand their businesses, said Linda Spencer, international and government relations director at SEMA.
One of the many ways SEMA helps its members grow is through exporting. For many of our members, exporting products to key international markets is integral to their success, and SEMA is available to help identify strategic markets and guide members along the way.
The value of U.S. automotive parts exports hit $77.5 billion last year, up 3.4 percent over 2012. Roughly three-fourths of exports go to Canada and Mexico; China was No. 3 on the list, representing about 3 percent of exports.
SEMA said its export initiatives include international research to identify developing markets, working with international officials on legislative issues, creating venues for SEMA members to connect with international buyers, and organizing trade missions to key countries.