WORLD TRADE CENTER GREATER PHILADELPHIA | PHILADELPHIA, PA

  • Membership
    • Become a Member
    • Member Success and Feature Stories
  • About Us
    • Meet Our Team
  • Trade Missions and Shows
    • Medica 2024
    • November 3 - 13, 2024: Trade Mission to Spain, Portugal, & Morocco
  • Services
    • International Trade Counseling
    • Export Finance Assistance
    • Educational and Networking Opportunities
    • Trade Service Provider Referrals
  • Programs
    • Selling to the World >
      • Selling to the World: Training Classes
      • Press Release
      • Global Diversity Advisory Council
      • Export Training Program
    • Initiatives >
      • Making Global Local
      • Educational Institution Partnerships
    • Clubs >
      • China Club
  • Events
    • Upcoming Events
    • Signature Events >
      • WTCA's Global Business Forum
      • WTC Day
      • Global Trade Summit
      • Bringing the World to PA
  • Donate
  • Contact
  • Membership
    • Become a Member
    • Member Success and Feature Stories
  • About Us
    • Meet Our Team
  • Trade Missions and Shows
    • Medica 2024
    • November 3 - 13, 2024: Trade Mission to Spain, Portugal, & Morocco
  • Services
    • International Trade Counseling
    • Export Finance Assistance
    • Educational and Networking Opportunities
    • Trade Service Provider Referrals
  • Programs
    • Selling to the World >
      • Selling to the World: Training Classes
      • Press Release
      • Global Diversity Advisory Council
      • Export Training Program
    • Initiatives >
      • Making Global Local
      • Educational Institution Partnerships
    • Clubs >
      • China Club
  • Events
    • Upcoming Events
    • Signature Events >
      • WTCA's Global Business Forum
      • WTC Day
      • Global Trade Summit
      • Bringing the World to PA
  • Donate
  • Contact
Picture

News

Abstraction is a Big Problem, Especially When It Comes to Women Exporting

7/22/2019

 
By Laurel Delaney for wegg
Picture
TXF talks to Makiko Toyoda, acting head of Global Trade Finance Program (GTFP) and Jessica Schnabel, global head, Banking on Women, Financial Institutions Group (FIG), the women who are spearheading the development of International Finance Corporations’s (IFC’s) latest initiative to raise access to trade finance for women-owned businesses to help them grow globally, revealing ambitious goals and the practical steps to help fulfill them.

Why is this important?

According to the International Trade Center, women-owned SMEs that export tend to earn more, pay more and employ more people and be more productive than firms that only operate domestically.  Nonetheless, only one in five exporting companies is owned and run by a women and “those women-owned businesses are more likely to face obstacles to trade.”  Trouble is, when all the numbers are that big, it seems very difficult to do something meaningful about it.  Abstraction is a big challenge.

The IFC estimates there are roughly 6.6 million formal SMEs owned and run by women and 39 million micro-businesses in emerging markets.

We, at wegg®, don’t think abstraction is a big problem because we are doing something about helping women export.  We are educating women entrepreneurs and business owners one at a time on how to to export by giving them the tools, resources, skills and confidence to grow their businesses beyond their own backyards.  Bottom line:  we are enabling women-owned businesses a greater likelihood to export, whether they have trade financing or not.
​

Learn more about how banks are raising access to trade finance for women-owned businesses, revealing ambitious goals and the practical steps  to help women take on the world.

Comments are closed.

    RSS Feed

    Categories

    All
    International Trade News
    Local And Regional News Alerts
    Member News
    Press Releases
    Success Stories
    Wtcgp Events
    Wtcgp In The News
    Wtcgp Newsletters

    Archives

    July 2023
    June 2023
    March 2023
    February 2023
    January 2023
    December 2022
    July 2022
    March 2022
    November 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    July 2019
    June 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    September 2014
    May 2014
    March 2014

Connecting Your Business to the World Starts Here!
​
Whether you have questions about our services or want to explore opportunities for global growth, we’re here to help. Our dedicated team is ready to assist you in navigating the international business landscape.

    How Can We Help You?

Submit
World Trade Center Greater Philadelphia
One Penn Center, Suite 1690
1617 John F Kennedy Blvd.
Philadelphia, 19103
Phone: (215) 586-4240 | [email protected]