Exporting During an Economic Downturn

January 26, 2023

Join VEDP-International Trade to learn more about navigating international markets during an economic downturn. ExportExplore works with businesses from North America and Europe selling into the UK & Ireland marketplaces. This webinar will discuss how trade was slowing even before the pandemic. However, with the addition of BREXIT, both have conspired to create the current situation. Declan Barry from ExportExplore will examine the opportunities that the new horizon has created for U.S. companies in the United Kingdom as they remap their global supply chain and trade opportunities. Looking towards Europe, he will also spotlight new opportunities blossoming in Ireland as they cement themselves as the only English-speaking marketplace with direct open access to the European Union.

Jason Roof from GPS Capital Markets will provide an update on foreign exchange markets and specific currencies. He will also the discuss the negotiation of the currency aspect of contracts with foreign buyers and how to manage your risk.

John Strayhorn from Global Insurance Services, LLC will discuss the current global market marketplace, the impact on importers of American goods, and the need for credit terms. He will also highlight what a U.S. exporter can do to be sensitive to the needs of their buyer and mitigate risk with export credit insurance.

Declan Barry, Export Explore 
Jason Roof, GPS Capital Markets  
John Strayhorn – Global Insurance Services


Amy Miller
International Training Manager

Frequently Asked Questions

Based on past trade missions, we expect 6-10 Virginia companies to participate. The registration process is ongoing until the trade mission is full or the registration deadline has passed.

You must pay the trade mission participation fee of $2,500 to the VEDP at the time of registration. The participation fee includes the following: 

  • Identifying, contacting and pre-qualifying local distributors, reps and/or partners and organization of your meetings with interested prospects
  • A “Doing Business In” briefing on the market(s) 
  • Your VEDP Trade Mission Leader and in-country consultant on hand during the week to ensure everything runs to plan
  • Interpreter if needed

All travel expenses including airfare, hotels, meals, individual ground transportation to be paid directly by each participant. Additional estimated costs you will incur include (but are not limited to):

  • Roundtrip airfare
  • Hotels (7 nights)
  • Meals
  • Airport transfers, taxis, and other miscellaneous items

The VEDP has engaged the services of its Global Network consultant to identify, screen, and arrange meetings with potential partners for each of our trade mission delegates. If you would like to learn more about the Global Network consultant organizing this trade mission, please contact your Local Trade or Program Manager.

In most cases, you will be traveling independently to the locations of the local companies with which you are meeting. Because most appointments will be held at the companies’ locations, travel and other logistics may prevent each delegate from having a minimum of 3-4 meetings each day of the trade mission.


For travel between meetings, our consultants will recommend the most effective method of transportation. This will likely be a local car/driver.

If required, interpreters will be provided for meetings and are included in your registration fee. 

Airline tickets: You book (and pay for) your own airline ticket via local travel agent or online air travel website. If you do not have a travel agent, the Trade Mission Leader can recommend one for you.


Hotels: VEDP will choose the hotel(s) and make reservations at a pre-negotiated government rate for each delegate. However, delegates will be responsible for their own hotel charges throughout the mission. All delegates will stay at the same hotel in order to facilitate logistics as well as to encourage the interaction and networking that is always a collateral benefit of traveling with a group.  You will pay all hotel room charges directly to the hotel.

Contact your local International Trade Manager or the Trade Mission Leader immediately! We only want you to make the trip if we think there is good market potential for your company. We can perform exploratory market research within a short period of time to verify market potential for you.