Celebrate World Trade Month this May
Posted on May 5, 2021
May has been the time to think about the role of international trade in the US for more than 90 years. World Trade Month was first celebrated in 1927 and was later recognized by President Roosevelt in 1935. The month brings about many events and is a collaborative effort to recognize the role of international trade in the US economy. A plethora of federal and state agencies, trade associations, and private entities provide meaningful programming, awards, and overall awareness to highlight our ever-increasing interconnected world.
It has been a challenging year as the world begins to recover from the global pandemic, supply chain disruptions, and the Suez Canal blockage, amongst other challenges. These and so many more unforeseen issues have increasingly relied on the global system, and now we see more resiliency and cooperation from the world—global trade impacts everyday life.
In 2020, the US exported over $1.4 trillion dollars in goods and services. ND accounted for $5.1 billion of that sum, according to the Global Trade Atlas. More than 600 companies in ND self-identified as exporters through the SBA Dynamic Search statistics, which means that even in the geographic middle of the US, trade still dramatically impacts the local economy here in ND.
This year’s World Trade Month theme is “Growing Exports in Uncertain Times,” which is sure to reflect on the challenges of 2020 and look ahead to success for the future.
Events throughout World Trade Month 2021 are primarily virtual this year and accessible online - many are even free. There are a variety of insights, info sessions, training, and award ceremonies available. Topics include Coffee Chats with the US Commercial Service, country and industry-specific sessions, learning opportunities in export compliance, international sales contracts, as well as regional or state-specific programs. A full list of World Trade Month events is on their website’s Event Calendar.
The North Dakota Trade Office (NDTO) has programming this May and beyond, which is sure to assist new and experienced exporters. Keep an eye on NDTO’s Events page for more details.
Happy World Trade Month to all of you from the NDTO!