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Blog Category: Exports

Commerce, NAM and FedEx Join Forces to Boost U.S. Exports

Commerce Department, National Association of Manufacturers, Fedex Join Forces to Boost U.S. Exports

Secretary Locke joined by Sureesh Kumar, Russell Fleming and Gov. John Engler pose after the NMEI press conferenceU.S. Commerce Secretary Gary Locke joined Governor and President of the National Association of Manufacturers (NAM) John Engler and FedEx officials today at the Commerce Department to announce a new partnership that will help increase U.S. exports and create jobs in America. NAM, the nation’s leading manufacturing association, is the first industry organization to launch the Department’s New Market Exporter Initiative (NMEI), which will bolster President Obama’s National Export Initiative (NEI) by identifying NAM members and FedEx customers who already export and helping them expand to new international markets by connecting them with Commerce Department trade specialists.

Commerce, NAM and FedEx will work with businesses to identify key markets, build market-entry strategies and provide the guidance needed to take high-quality products and services from the U.S. to global markets – building their businesses, increasing American exports and supporting new jobs at home. Small- and medium-sized companies interested in expanding into new markets will have access to the free resources and tools available through a nationwide network of international trade experts and global shipping specialists. Activities to build awareness will include outreach at trade shows, direct mail campaigns and online registration for resource support.

“We know that American businesses produce world-class goods and services,” Locke said. “What we can improve is connecting those businesses to the 95 percent of the world's consumers living outside our borders. This partnership with the National Association of Manufacturers will do just that – helping to link manufacturers, especially small- and medium-sized firms, with new markets abroad.”

Manufacturers play a key role in exports with two-thirds of all manufactured goods contributing to overall exports. In 2008, American exports accounted for nearly 7 percent of our total employment and one in three manufacturing jobs.

Commerce Department’s Clean Technology Trade & Investment Mission Moves to Brussels, Belgium

U.S. Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan (right) meets with U.S. Ambassador to Belgium, Howard Gutman at the Ambassador’s residence during the U.S. Cleantech Trade and Investment Mission to Belgium.U.S. community and business delegates participating in the joint U.S. Economic Development Administration (EDA)/International Trade Administration (ITA) Clean Technology Trade & Investment Mission moved on to Brussels, Belgium on Thursday after spending three very productive days exploring opportunities to increase exports and attract foreign direct investment in the United States while in Lyon, France at Pollutec, a tradeshow that featured the world's leading international exhibit for the environment and sustainable development markets. 

Upon arriving in Brussels, the delegation participated in a reception hosted by U.S. Ambassador to Belgium, Howard Gutman at the Ambassador’s residence.  The event, hosted by the American Chamber of Commerce Brussels (AmCham) and Xerox gave the delegates an opportunity to make important international connections with companies involved in the clean technology sector.

Ambassador Gutman; AmCham President Scot Beardsley; EDA Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan; and Xerox Director of Global Services Phillipe Janssens addressed the delegation during the function.

September Marks the Fifth Consecutive Month of Double-Digit Travel and Tourism Export Growth

Graph of Change in U..S. Travel and Tourism-Related ExportsInternational travelers spent nearly $12 billion in the U.S. in September

According to newly released data from the Commerce Department, international visitors traveling to the United States pumped an estimated $11.7 billion into the U.S. economy during the month of September, up $1.7 billion compared to the same period last year.  This marks the fifth month of double-digit growth and ninth straight month of overall growth in U.S. travel and tourism exports.  Total travel and tourism-related exports have increased, on average, $1.2 billion a month in 2010. 

“Travel and tourism continues to be one of the bright spots in our economy,” Locke said.  “Continued growth in the tourism sector will help us achieve our goal of doubling exports over the next two years.” 

  • Travel Receipts: Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $9.0 billion during September, an increase of 15 percent when compared to last year. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel. 
  • Passenger Fare Receipts: Fares received by U.S. carriers (and U.S. vessel operators) from international visitors increased by nearly 27 percent to $2.7 billion for the month, an increase of $575 million when compared to September 2009.

International visitors have spent an estimated $100 billion on U.S. travel and tourism-related goods and services year to date (January through September), an increase of 11 percent when compared to the same period last year.

Americans have spent nearly $77.4 billion abroad year-to-date (up four percent)—resulting in a $22.6 billion trade surplus for travel and tourism through the first nine months of 2010.

U.S. Companies Invited to Apply to Join Secretary Locke on Upcoming High-Tech Trade Mission to India

India Trade Mission Graphic

UPDATED: The application deadline for the India Trade Mission has been extended to Friday, December 3, 2010.

Earlier this month in Mumbai, Commerce Secretary Gary Locke announced that he will lead a high-technology trade mission to India next February. The India High Technology Business Development Mission is focused on U.S. companies that offer products or services in the civil nuclear, defense and security, civil aviation, and information communications technology industries and are looking to either expand their current business in India or are interested in entering the market for the first time. 

If you’re interested in participating in the upcoming trade mission, time is running out to apply. If your company meets the participation requirements, complete a mission application by Nov. 30 to join Secretary Locke in New Delhi, Bangalore and Mumbai this February.  Submitted applications will be reviewed by industry and market experts, and final participants will be selected from the most qualified candidates.  Application status notifications will be sent out Dec. 13.

This business development mission will give U.S. companies access to market information and high-level business and government contacts, helping them to solidify international business strategies and advance their projects.  They will meet with prescreened potential business partners, agents, distributors, representatives and licensees, as well as high-level national and local government officials. The agenda will also include networking opportunities, country briefings and seminars.

Learn more about the India High Technology Business Development Mission on the India Mission 2011 homepage or by contacting the Office of Business Liaison at IndiaMission2011[at]doc[dot]gov or 202-482.1360.

Stepping Up Trade Between the U.S. and India Will Mean More Jobs in America and a Better Quality of Life for People in India

Secretary Locke is signing the Energy Cooperation Program MOU with Indian Planning Commission Deputy Chairman Montek Singh Ahluwalia. The ECP is a partnership that brings together U.S. and Indian companies and both two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

[Upon return from Asia, Secretary Locke wrote this blog post about the importance of the upcoming trade mission to India in February.]

President Obama and members of his Cabinet, including myself, have completed a trip to India to take the relationship between our two countries to a new level. We were there because we see real opportunities -- both for American workers and businesses and the people of India. U.S. firms can work with Indian companies to help meet the ambitious economic and social goals laid out by its government. And we can do that by increasing trade between our nations, selling more of America’s world-class goods and services to businesses and consumers in India.

Two-way trade between our nations last year was $38 billion, and exports to India have quadrupled in the last seven years. I expect this upward trend to continue. But we have to do more to connect U.S. companies with Indian consumers and partner firms. To that end, President Obama and I announced a high-tech trade mission to India in early February, making stops in Mumbai, New Delhi and Bangalore. Companies interested in participating can visit www.trade.gov/IndiaMission2011 for more information.

As Secretary Chu noted during his trip to India last year, due to the increasing demand for energy by India’s emerging middle class, India could become a major export destination for solar panels and wind turbine components manufactured in the United States. That’s why I’m proud we announced the launch of the Energy Cooperation Program. This partnership brings together U.S. and Indian companies and our two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

Stepping up trade and collaboration between the U.S. and India will mean more jobs in America and a better quality of life for people throughout this fast-growing democracy at the heart of the Obama administration’s renewed engagement in Asia.

Secretary Locke Speaks at U.S.-India Business and Entrepreneurship Summit, Announces Forthcoming Trade Mission to India

Delivering remarks at the U.S.-India Business and Entrepreneurship Summit in Mumbai today, Commerce Secretary Gary Locke discussed ways the U.S. and India can work together to promote trade that creates opportunity and jobs in both nations.

Locke remarked on the potential for a bilateral clean energy partnership, as well as the opportunities for American companies to help meet India’s healthcare and infrastructure needs.

At the Summit, Locke announced he will lead a high-tech trade mission to India. The February 6-11, 2011 business development mission will promote the export of high-technology products from leading U.S. firms and make stops in New Delhi, Mumbai, and Bangalore. The second trade mission led by Locke, it will highlight export opportunities for U.S. businesses in a broad range of advanced industrial sectors, including civil-nuclear trade, defense and security, civil aviation and information and communication.

Exports represent a critical part of the economy and are a key component of the Obama administration’s efforts to spur new job creation. Earlier this year, President Obama outlined his National Export Initiative (NEI), which seeks to double exports by 2015, in support of several million new U.S. jobs. The NEI enhances the U.S. government’s trade promotion efforts, increases available credit for businesses – especially small and medium-sized businesses – looking to export and continues to improve efforts to remove trade barriers for U.S. companies in foreign markets. Remarks

Commerce Department Continues Focus on Expanding Markets for U.S. Exports

Secretary Gary Locke will join President Obama in India this week, where they will work to deepen bilateral economic cooperation between the two countries on a regional and global level. Continuing to expand bilateral economic ties with India is an important step toward achieving the goals of the president’s National Export Initiative, which aims to double U.S. exports within the next five years in support of several million U.S. jobs.

While in Mumbai, Locke will participate in the U.S.-India Business and Entrepreneurship Summit. He will then travel to New Delhi, where he will give a keynote address at a Federation of Indian Chambers of Commerce and Industry and the American Chamber of Commerce event.  In 2009, U.S. trade with India totaled $37.6 billion, and trade this year has already reached $32.4 billion through August.

Watch this video to hear from small business owners about their experiences partnering with the Department of Commerce.

Secretary Locke Speaks with Silicon Valley Leadership Group on Obama Administration's Efforts to Foster Innovation

U.S. Commerce Secretary Gary Locke delivered remarks at the Silicon Valley Leadership Group (SVLG)’s annual luncheon today, emphasizing the steps the Obama administration has taken to turn around the U.S. economy and create jobs. Locke stressed the administration’s efforts to build a stronger foundation for long-term growth and prosperity by investing in research and development, a 21st century infrastructure and manufacturing, and underlined Silicon Valley’s role as the epicenter of technological innovation.

Sec. Locke wanted it to be known that “when it comes to new ideas, our only criterion is efficacy. It doesn’t matter if they come from the left or the right, the boardroom or academia. We simply will not rest until every American who wants a job can find one.”

Locke emphasized that President Obama’s proposed 2011 budget, while freezing domestic discretionary spending overall, actually increases funding for civilian R&D by nearly 6 percent. Also, he noted President Obama’s support a new business tax cut that will allow small businesses to deduct the full amount of new capital investments immediately.

Locke also highlighted President Obama’s National Export Initiative (NEI), which aims to double U.S. exports over the next five years in support of several million American jobs. The NEI will provide more funding, more focus and more Cabinet-level coordination to increase U.S. exports, and represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.

Remarks

Secretary Locke and U.S. Rep. Scott Murphy Highlight New York Project Bringing Jobs and Economic Development to the Region

Secretary Locke listens to Rep. Scott Murphy speak about the importance of the GlobalFoundries new facilityCommerce Secretary Gary Locke joined U.S. Rep. Scott Murphy today in Malta, New York to hear from executives at GlobalFoundries, one of the world's largest independent semiconductor foundries. Locke and Murphy highlighted the impact GlobalFoundries has had on economic development in New York’s Tech Valley and heard firsthand about the company’s progress on the development of its new factory – the largest project of its kind in the United States.

The Fab 8 project is the result of a public-private partnership and will create thousands of jobs in the local community and throughout New York state. The factory will be the most advanced semiconductor fabrication plant in the world, helping to position the United States as a leader in the technology-based economy.

Founded in 2009, GlobalFoundries is creating good-paying jobs in New York through the construction and development of its new facility. The company is also committed to growing U.S. exports, a key component of President Obama’s National Export Initiative, which aims to double U.S. exports over the next five years in support of several million American jobs.

Secretary Locke Keynotes AdvaMed 2010 Conference

Locke on podium during remarksSecretary Gary Locke addressed national and international medical device and technology leaders today at the AdvaMed 2010 Medical Technology Conference at the Washington Convention Center in Washington, D.C. In his keynote remarks, he discussed the Commerce Department's efforts to expand exports of medical devices and technologies and grow U.S. jobs.

“Each new medical discovery creates and sustains demand for further innovations, which fuel our national health, prosperity and productivity, and contribute to global well-being,” Locke said.

He also acknowledged the important work being done to cultivate industries and lines of scientific discovery that provide long-term benefits to society, spur sustainable innovation and create jobs and new businesses.

AdvaMed is the world’s largest medical technology association, with diverse member companies that produce medical devices, diagnostic products and health information systems.  Other conference keynote speakers included U.S. Rep. Erik Paulsen of Minnesota, CBS Evening News anchor Katie Couric, Centers for Medicare and Medicaid Services Administrator Dr. Donald Berwick, and U.S. Food and Drug Administration Commissioner Dr. Margaret Hamburg. Remarks