Description of Finance , Credit and International Business
FCIB, founded in 1919, is an organization devoted to international trade and to assisting global companies and exporters attain best practices in accounts receivable management and trade finance. The organization enjoys an international reputation as a business educator and premier provider of business credit intelligence to exporting companies of every size - from small and midsize manufacturers to Fortune 500 multinationals. It has offices in the United States and Europe, and maintains operations in Mexico and Canada. "Expanding our services and expertise into China has been a long-term goal for FCIB," states Garrison. With the assistance of the China Council for the Promotion of International Trade (CCPIT), FCIB was able to hold its "First China International Credit and Risk Management Conference" in Beijing, October 27-29, 2004. "It was a resounding success," said Garrison. "The attendees included many important government and industry leaders, as well as representatives from some of the largest and most prestigious companies in China. We're very excited about working with CCPIT, and now ABCredit, on future conferences. When asked what drives FCIB's interest in the Chinese market, Garrison explained, "China has become a major force in the world economy. Nearly every FCIB member company has China in their strategic plan either as a joint venture partner, a source for manufacturing capacity, or a rapidly growing market for sales expansion.