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Blog Entries from May 2013

Acting Secretary Blank Meets with Brazilian CEOs, Promotes SelectUSA Investment Summit

Acting Secretary Rebecca Blank is joined by Josué Gomes Da Silva, Chairman and CEO, Coteminas and Marcelo Bahia Odebrecht, President of Construtora Norberto Odebrecht S.A. at a Roundtable with Brazilian CEOs

Yesterday, Acting Secretary Blank met with a group of Brazilian CEOs to hear their priorities for doing business with the U.S. and to propose possible areas for close collaboration with American businesses. One area in which U.S. and Brazilian firms can work together is on infrastructure development, which is one reason why Acting Secretary Blank is currently leading a trade mission of 20 U.S. firms in a wide range of infrastructure industry sectors to Brazil, Colombia and Panama. These companies offer everything from cutting-edge technologies to top-notch services in engineering, management consulting, and more -- and they are well equipped to help Brazil meet its robust goals for infrastructure improvements.

Acting Secretary Blank emphasized the importance of a strong bilateral investment relationship -- many global manufacturers, including some in Brazil, are now looking to return manufacturing operations to the U.S., to expand operations here, or to invest in the U.S. for the first time. That´s because there are a host of factors that make America a very attractive place to do business: low domestic energy costs and a stable supply of energy, high labor productivity, strong research institutions that can serve as partners in developing new products, intellectual property protections, and a stable business investment environment.

Infrastructure Business Development Trade Mission to Brazil, Colombia and Panama Begins Today

This week, Acting Secretary of Commerce Rebecca Blank will lead an infrastructure business development trade mission to Brazil, Colombia, and Panama, countries that have created robust infrastructure development plans for the coming years. This mission directly supports President Obama’s National Export Initiative, which set the goal of doubling U.S. exports by the end of 2014 and creating an additional 2 million jobs supported by exports. Throughout the course of the mission, 20 U.S. firms will join the Acting Secretary, with the goal of expanding their business opportunities in Brazil, Colombia, and Panama.

Today is the first full day of the trade mission and Acting Secretary Blank will participate in a roundtable with Brazilian CEOs to discuss possible areas for collaboration with U.S. businesses, particularly in the area of infrastructure. This discussion serves as a follow-up to the U.S.-Brazil CEO Forum, which Acting Secretary Blank co-chaired along with Deputy National Security Advisor for International Economic Affairs Michael Froman in Brasilia in March.

On Tuesday, Acting Secretary Blank will meet with members of the Federation of Industries of Sao Paulo (FIESP), a Brazilian industry association that includes more than 130,000 companies representing a wide range of industrial activities. The Acting Secretary will highlight U.S. businesses’ efforts to support Brazil’s infrastructure development goals and connect U.S. and Brazilian firms to explore further procurement opportunities. She will also visit Embraer while in Sao Paulo, to highlight a Brazilian company that has invested in America and created U.S. jobs. Embraer has also worked with many suppliers in the U.S. and has strong partnerships with a variety of U.S. companies.

Rapiscan Hopes to Facilitate Trade and Enhance Security in Latin America

Peter Kant, President, Rapiscan Americas

Guest post by Peter Kant, President, Rapiscan Americas

ED Note: Rapiscan Systems is the largest US manufacturer and supplier of security inspection systems and services.  Rapiscan specializes in airport, cargo and major event security systems and provides high-technology security scanners and scanning operational services.

Rapiscan is honored and excited to join Acting U.S. Secretary of Commerce Rebecca Blank on the infrastructure trade mission to Brazil, Panama and Colombia next week. Having participated in trade missions in the past, we have always found these opportunities to be extremely beneficial and, given the mission’s focus on infrastructure, I’m sure this one will prove to be no different.

Rapiscan is focused on expanding our efforts extensively in the Latin American market. Brazil’s economy is growing at a rate second to only China, providing ample opportunities for partnerships and trade with U.S. companies. Given the numerous events Brazil will be hosting over the coming years–including the 2014 World Cup and 2016 Olympics–security is a concern, something we hope to discuss next week. Rapiscan will actually have the opportunity to secure some of the stadiums in Brazil that will be used for the FIFA Confederations Cup next month – the same stadiums that will later be used for the World Cup.

Latin America Presents Growing Opportunities for American Companies

Upcoming trade mission to promote U.S. exports and job creation

Guest blog post by Acting Secretary of Commerce Rebecca Blank

With 95 percent of the world’s consumers living outside U.S. borders, helping U.S. companies find partnerships and customers in fast-growing markets is crucial to creating a strong and vibrant economy built on good middle class jobs.

As a part of our overall goal to increase American exports, next week, 20 U.S.-based companies will join me on an infrastructure-focused trade mission to Sao Paulo, Brazil; Bogota, Colombia; and Panama City, Panama.  Each of the governments of these fast-growing countries have ambitious infrastructure expansion and improvement plans for the years ahead. 

This trade mission will allow U.S. companies to highlight their cutting-edge technologies and world-class engineering services. The trade mission will also allow them to make the personal connections they need to expand their businesses and it will build on President Obama’s National Export Initiative, a government-wide strategy to promote American exports and create 2 million export-supported jobs by the end of 2014. Last year, U.S. exports hit another all-time record, reaching $2.2 trillion.  Between 2009 and 2012, exports have supported 1.3 million additional jobs.

Obama Administration Seeks Applicants for First Phase of ‘Investing in Manufacturing Communities’ Partnership

Effort will encourage an improved approach to economic development around the country

The Obama Administration today announced that it is accepting applications for the first phase of the “Investing in Manufacturing Communities” Partnership, a new initiative outlined in the President’s fiscal year 2014 budget that will help accelerate the resurgence of manufacturing and create jobs across the country.

Phase One of the “Investing in Manufacturing Communities” Partnership: In the first phase of this effort, the Departments of Commerce and Agriculture as well as the Small Business Administration and Environmental Protection Agency will award at least 25 grants of up to $200,000 each to help regions develop long-term economic development strategies intended to create a globally competitive environment that will attract, retain and expand investment and spur international trade and exports. These “Implementation Strategies” will encourage collaboration at the local level to identify the region’s comparative advantages and assets, and plan investments to expand the area’s appeal to manufacturers.  In addition, these grants can be used to help communities prepare for the second phase of this initiative, IMCP “Challenge” grants. 

Phase Two of the “Investing in Manufacturing Communities” Partnership: President Obama’s fiscal year 2014 budget includes funds for the Department of Commerce to award five to six IMCP “Challenge” grants, expected to be up to $25 million each.  These funds are intended to be supplemented by coordinated investments from several other federal departments and agencies. The 2014 challenge will reward communities for having the best long-term strategies for attracting private investment and increasing exports, and should combine many of the elements companies seek when they are deciding where to locate or expand, such as: specialized research centers at local universities; business incubators focused on targeted technology sectors; community college programs to train workers in targeted industries; public works projects to upgrade infrastructure or enhance energy efficiency; viable export promotion plans; well-integrated supply chains; and an engaged community of local government, education, workforce, and business leaders.  Full release

International Visitors Spent $14.4 Billion in the United States in March 2013

Firs-quarter U.S. Travel and Tourism exports contribute $43 billion to the U.S. economy

U.S. Deputy Secretary of Commerce Rebecca Blank highlighted new data today that shows spending by international visitors to the United States in March 2013 totaled more than $14.4 billion, an increase of nearly 3 percent when compared to last year. International visitors spent $43 billion on travel to, and tourism-related activities within, the United States during the first quarter of 2013. The data release coincides with National Travel and Tourism Week, celebrated each year to recognize the positive impact the industry has on our economy.


“International travel and tourism represents our country’s largest services export,” said Deputy Secretary Blank. “So far this year, international visitor spending in the United States has markedly outpaced U.S. spending abroad by more than $13 billion, which continues our momentum from 2012’s record-setting year. Likewise, last week’s jobs report showed continued strong job growth in the leisure and hospitality industry.  Travel and tourism is an important sector of our economy, which is why we are continuing to increase our efforts to attract more international tourists to vacation in the United States.” 

Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $11 billion during March. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel. Fares received by U.S. carriers (and U.S. vessel operators) from international visitors also increased by nearly 3 percent to $3.4 billion for the month, an increase of $70 million when compared to March 2012. Overall, the United States enjoyed a favorable balance of trade for the month of March in the travel and tourism sector, with a surplus of $4.2 billion. Full release

USPTO Honors Inventors Hall of Fame Inductees

The National Inventors Hall of Fame 2013 Class of Inductees (seated) with living inductees attending the 41st Annual Induction Ceremony held at the United States Patent and Trademark Office, Alexandria, Virginia. USPTO photo by Amando Carigo

The United States Patent and Trademark Office (USPTO) had the exciting privilege of honoring 17 of America’s greatest innovators Wednesday night, when they were inducted into the National Inventors Hall of Fame in ceremonies held at the USPTO’s Alexandria, Va., headquarters. Acting Under Secretary of Commerce for Intellectual Property and Acting Director of the USPTO Teresa Stanek Rea conferred induction medals to visionary inventors whose patented innovations include the electronic synthesizer, flat panel plasma display, iris recognition technology, and the code providing the foundation for 3G cellular systems.

Garret Brown was honored for inventing the Oscar-winning Steadicam camera stabilizer, which made Rocky Balboa’s run up the steps of the Philadelphia Art Museum one of the most iconic moments in movie history. Emmy award winners Don Bitzer, Gene Slottow, and Robert Willson were recognized for their invention of the flat-panel plasma display, which revolutionized home entertainment. Samuel Alderson was honored posthumously for developing the crash test dummy. From its beginnings, the dummy has proven invaluable to designing and testing advances in fields of automobile safety, aviation, and medical technology.

A complete list of the honorees and their revolutionary patented inventions is located on USPTO's website.

The National Inventors Hall of Fame is the premier non-profit organization in America dedicated to honoring legendary inventors whose innovations and entrepreneurial endeavors have changed the world. Founded in 1973 by the USPTO and the National Council of Intellectual Property Law Association, the Hall of Fame has 470 inductees with its 2013 induction. You can visit the National Inventors Hall of Fame and Museum in the atrium of the Madison Building on the USPTO campus in Alexandria, Va., Monday through Saturday. Admission is free.

Celebrating World Trade Throughout May

Cross post from Tradeology, the official blog of the International Trade Administration

The following blog post was written by Francisco J. Sánchez, Under Secretary of Commerce for International Trade

May brings warmer weather, longer days, and, most importantly for us at the Department of Commerce, World Trade Month. For years, this has been a special time to reflect on the importance of trade to our nation’s economic well-being.

Over the past few months, we’ve discussed what an important year 2012 was for exports and our  economy: a record-setting $2.2 trillion in overall exports, 10 percent annual growth in tourism-related exports, and 9.8 million U.S. jobs supported by exports.

World Trade Month is an occasion to recognize the past year’s successes while looking ahead to new ways to expand exports and build a stronger economy. It’s a month for us to recognize what we know all year long: that exports are a key to our long-term economic health.

The month of May will provide many opportunities to do just that. Events and observances to look out for include:

  • National Travel and Tourism Week, a celebration of that industry’s contributions to the U.S. economy, will take place from May 4-12.
  • On May 16, the Small Business Administration and Denver U.S. Export Assistance Center will co-sponsor the 40th Annual World Trade Day.
  • May 19 will bring the start of World Trade Week, a tradition dating back to 1927 and marked by a Presidential proclamation.
  • During that week, the President’s annual “E” Awards will be presented to leading U.S. exporters.

Have a question about getting started in exporting? Twitter chats throughout the month will offer chances to learn about exporting and pose questions to government agencies involved in President Obama’s National Export Initiative.

We invite you to check this post or our World Trade Month category for regular updates on these and other events. You can also visit our Facebook page or follow us on Twitter.

As we kick off World Trade Month 2013, our team looks forward to continuing to support our nation’s exporters as they build things here and sell them everywhere.