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Comerica Bank to help SMEs with exports.

Global Banking News-6 August 2008-Comerica Bank to help SMEs with exports(C)2008 ENPublishing -

Global Banking News - 06 August 2008(c)2005 - Electronic News Publishing -

Comerica Bank, a subsidiary of Comerica Inc (NYSE:CMA), has entered into a partnership with the Department of Commerce's US Commercial Service to help small and midsize businesses (SMEs) in benefiting from the global marketplace by exporting their goods.

'More than 70 percent of the world's purchasing power is outside the United States,' said Israel Hernandez, assistant secretary for trade promotion and director general of the U.S. Commercial Service. 'Through our combined resources, we recognize that we can more effectively promote US exports and improve the country's competitive advantage in global trade,' he added.

Dallas-based Comerica, which has offices throughout the Phoenix area, already offers an array of services for companies looking to export goods, from international accounts receivable and payable services to the financing of inventory expertise, risk management and implementation of international payment methods.

The US Commercial Service has trade specialists located in more than 100 US cities and 80 countries around the world.

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Publication:Global Banking News (GBN)
Date:Aug 6, 2008
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