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Secretary Pritzker Delivers Remarks on America’s Economic Future in the Asia-Pacific

In her remarks, Secretary Pritzker discussed the United States’ commitment to strengthening commercial and economic ties throughout the Asia-Pacific, which is a critical dimension of the president’s rebalance toward this fast-growing region. The Asia-Pacific region presents rapidly growing opportunities for American businesses and workers. The region accounts for nearly 60 percent of world GDP and 40 percent of global trade. Secretary Pritzker highlighted the United States’ leadership role in efforts such as the Trans Pacific Partnership, and she also emphasized the growing U.S. ties with both longstanding and emerging trade partners.

Read a summary of her remarks and audience tweets below.

Early Career Commerce Scientists and Engineers honored by White House

President Barack Obama talks with the Presidential Early Career Award for Scientists and Engineers (PECASE) recipients in the East Room of the White House, April 14, 2014. (Official White House Photo by Pete Souza) (Official White House Photo)

The Commerce Department is home to some of the world’s leading scientists and engineers that are tackling some of the biggest challenges facing our planet and doing great work to ensure our nation remains the global epicenter of innovation. Earlier today, President Obama honored six NIST and NOAA engineers and scientists with the Presidential Early Career Awards for Scientists and Engineers (PECASE) at a ceremony at the White House. The award is the highest honor given by the federal government to outstanding scientists and engineers in the early stages of their careers. The Commerce scientists are part of a group of 102 scientists from across federal agencies that received the prestigious award.

PECASE awardees are selected for their pursuit of innovative research at the frontiers of science and technology and their commitment to community service as demonstrated through scientific leadership, public education, or community outreach. The winners represent outstanding examples of American creativity across a diverse span of issues—from adding to our understanding of the most potent contributors to climate change to unlocking secrets to some of the most pressing medical challenges of our time to mentoring students and conducting academic outreach to increase minority representation in science fields.

First Americas Competitiveness Exchange Encourages Collaboration, Drives Innovation and Entrepreneurship in the Western Hemisphere

Guest Blog Post by Walter Bastian, Deputy Assistant Secretary of Commerce for The Western Hemisphere

Competition and collaboration aren’t typically mentioned in the same breath. For nations and businesses competing to innovate and prosper in a global marketplace, these concepts seem completely antithetical to one another.

That’s why the first Americas Competitiveness Exchange on Innovation and Entrepreneurship (Exchange) is such a unique and exciting partnership.

As part of the Exchange, senior officials from the U.S. Department of Commerce’s International Trade Administration (ITA) and Economic Development Administration (EDA) last week led a delegation of 45 business and government leaders from 20 Latin American and Caribbean countries on a tour across the Southeast United States. They visited five cities in four days with stops in Atlanta, Ga., Greenville, S.C., Conover, Kannapolis, and Charlotte, N.C.

The delegation toured technology centers, innovation hubs, and investment zones to see how U.S. companies are working to create some of the most advanced products in the world. The tour was geared to help make the interpersonal and inter-governmental connections that can lead to future international trade and investment deals.

The Americas Competitiveness Exchange for Innovation and Entrepreneurship provided a great opportunity for decision and policy makers in the Americas to see the results of economic development initiatives and meet high level authorities, leaders of private sector associations, public and private universities with research and innovation centers, looking to explore and expand the links between our economies and key stakeholders.

The United States and Latin America maintain a very special and very important investment relationship. In 2012, the total stock of Latin American foreign direct investment (FDI) in the United States was nearly $96 billion. And every day, 259,000 workers in the United States go to work in U.S. subsidiaries of Latin American firms.