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Blog Category: Exports

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

Opening Day of the 2010 US-China Legal Exchange in Hangzhou, China

Alternate TextOn Monday, October 18, 2010, General Counsel Cameron Kerry and Vice Minister Chong Quan opened the 2010 US-China Legal Exchange in Hangzhou, China. The General Counsel and Vice Minister emphasized the importance of a frank and open exchange of ideas; the opening day certainly met that standard.

Courtney Gregoire, Director, National Export Initiative, International Trade Administration, offered a presentation on the Commerce-led National Export Initiative. John McInereny, Chief Counsel, Import Administration and Albert Hsu, Chief Economist, Import Administration, offered several presentations on the procedures and application of US Anti-Dumping and Countervailing Duty (CVD) law. The Chinese delegation offered comments and posed poignant questions.

In addition to an extremely productive Legal Exchange, General Counsel Kerry was warmly welcomed at Zhejiang University where he addressed and interacted with a group of law students and professors.

Tomorrow, the US delegation moves on to Wuhan for the second stop on the Legal Exchange before concluding in Chengdu on Friday, October 22, 2010.

The US-China Legal Exchange is a cooperative program between the Department of Commerce and China's Ministry of Commerce focused on enhancing commercial rule of law and promoting a stronger bilateral commercial relationship conducive to increasing exports

Statement from Secretary Locke on August 2010 U.S. International Trade

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the August 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in August 2010 increased by 0.2 percent to $153.9 billion from their July 2010 level. Imports in August increased 2.1 percent over July to $200.2 billion. U.S. exports so far in 2010 are up nearly 18 percent compared to the same period last year.  Report  |  Statement  |  Fact sheet

Secretary Locke and USTR Ambassador Kirk Travel to Memphis to Discuss Exports and the Economy

Secretary Locke shaking a Fed Ex worker's hand

Locke, Kirk joined by FedEx officials and local businesses to highlight President Obama’s National Export Initiative

U.S. Commerce Secretary Gary Locke and U.S. Trade Representative (USTR) Ron Kirk are visiting the Memphis, Tenn. area this week to meet with local businesses and discuss the opportunities and challenges of exporting. Locke and Kirk toured the FedEx Express Super Hub on Tuesday night where each day, millions of packages are moved through the hub to reach over 220 countries and territories around the world.  They also held a rountable discussion on exports and the economy with small- and medium-sized businesses today to discuss President Obama’s National Export Initiative (NEI) and how it can help U.S. companies sell more of their goods and services overseas and support the creation of American jobs.

The NEI aims to double U.S. exports over the next five years while supporting two million American jobs. It will provide more funding, more focus and more Cabinet-level coordination to grow 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 Announces Grants to Boost Exports and Promote U.S. Competitiveness

Export GrantsToday U.S. Commerce Secretary Gary Locke announced more than $1.7 million in grants to support projects that increase U.S. exports, create jobs and strengthen our global competitive edge.  The grants will be awarded to five non-profit industry organizations and are expected to generate $265 million in U.S. exports. 

These awards are part of Commerce’s Market Development Cooperator Program (MDCP), which includes financial and technical assistance from the International Trade Administration to support business plans that help increase exports and U.S. competitiveness within certain industries. Projects receiving funding include efforts to increase exports among small manufacturers of water treatment equipment and independent film makers.

“These funds will help U.S. firms compete globally so they can sell more of their goods and services abroad and create jobs here in the U.S.,” Locke said. “The [Market Development Cooperator Program] is a good example of how public-private sector partnerships can leverage limited public resources to help small- and medium-sized businesses expand their exports to compete in the global marketplace.” 

These cooperative agreements help to further President Obama’s National Export Initiative, which aims to double U.S. exports within the next five years in support of several million U.S. jobs.

See the five recipients of the 2010 Market Development Cooperator Program awards.

Learn more about the Market Development Cooperator Program.  |  Release

Secretary Locke Delivers Keynote Address on the Economy at 128th Meeting of Greater Seattle Chamber of Commerce

Alternate TextU.S. Commerce Secretary Gary Locke was in Seattle today speaking with small- and medium-sized businesses about exports and the economy. Afterwards he delivered the keynote address at the annual meeting of the Greater Seattle Chamber of Commerce.

Secretary Locke discussed the progress made and the next steps for President Obama's National Export Initiative (NEI). He also addressed how it is helping to lay the groundwork for sustainable economic growth in Washington state, the nation's most trade-dependent state, and across the country. His remarks today are only one day after he and his colleagues on the Export Promotion Cabinet delivered a detailed report to the president laying out recommendations for how to double U.S. exports.

“Yesterday, at the president’s newly-constituted Export Council – chaired by Jim McNerny, CEO of Boeing – we announced that our renewed focus on trade promotion has contributed to an 18 percent increase in U.S. exports so far in 2010 over the same period last year.

  • U.S. exports of manufactured goods so far in 2010 have risen by 22 percent. U.S. agricultural exports this year are projected to be the second-highest amount ever, with a trade surplus of $30 billion.

These increases are having an impact on the economy: Exports contributed to GDP growth for just as much as domestic consumption in each of the four quarters of recovery."

Exports growth is also impacting employment. Since January, Commerce’s Advocacy Center, in close coordination with the State Department and other agencies, has helped U.S. companies successfully compete for contracts with foreign governments supporting an estimated $11.8 billion in U.S. content. These deals alone support an estimated 70,000 jobs. “

Learn more about the National Export Initiative and read Secretary Locke’s complete remarks.  |  Press release  |  NEI website