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Blog Category: Exports

Under Secretary Blank Statement on Third Estimate of GDP in the Third Quarter 2009

Portrait of Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis released the third estimate of gross domestic product for the third quarter of 2009. Growth in real GDP was 2.2 percent at an annual rate, revised from the previous estimate of 2.8 percent. “The third-quarter gain marked the start of an economic recovery after a very deep recession,” U.S. Commerce Under Secretary Rebecca Blank said. “Consumer spending, residential construction and imports and exports have all moved from declines into positive growth in the third quarter.” (More) (Release)

Commerce Deputy Secretary Hightower Promotes Export Opportunities to Small Businesses

Hightower on podium. Click for larger image.

Commerce Deputy Secretary Dennis F. Hightower met with small business owners to discuss the key role exports will play in Detroit’s economic recovery. During his address at the “ExportsLive! Real Deals—Real Profits” seminar, Hightower stressed how exports will help revive businesses and create good-paying jobs. The gathering of small business leaders is geared toward helping companies grow and expand in global markets. The seminar was organized by the Export-Import Bank and included the participation of six federal agencies. (More) (Remarks)

Secretary Locke Statement on October 2009 Trade Numbers

Department of Commerce seal

On the eve of his trip to Copenhagen, U.S. Commerce Secretary Gary Locke issued the following statement on the release of the October 2009 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 increased by 2.6 percent to $136.8 billion since September 2009. Imports to the U.S. increased 0.4 percent to $169.8 billion. The trade deficit shrank 7.6 percent to $32.9 billion from a revised $35.7 in September. (More) (Release) (Fact sheet)

Secretary Locke Meets with Egypt's Minister of Trade and Industry Rachid

Locke and Rachid seen signing document. Click for larrger image.

U.S.Commerce Secretary Gary Locke hosted a meeting with Egypt’s Minister of Trade and Industry (MOTI), Mr. Rachid Mohamed Rachid, at the Commerce Department. This was the first meeting between the Secretary and Minister Rachid. Secretary Locke and Minister Rachid confirmed the importance of further strengthening the U.S.-Egypt commercial relationship and continuing to deepen cooperation on trade and investment issues. Egypt is one of the largest markets for U.S. exports in the Middle East, buying $6 billion of U.S. goods in 2008. (More) (MOI)

Secretary Locke Statement on U.S. International Trade in Goods and Services in September 2009

Portrait of Secretary Locke.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the September 2009 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 increased by 2.9 percent to $132.0 billion since August 2009. Imports increased 5.8 percent to $168.4 billion. (More)

Secretary Locke Announces Winners of Presidential Export Awards

U.S. Commerce Secretary Locke honored 21 companies that have excelled in exporting as recipients of the prestigious 2009 Presidential “E” and “E Star” Awards during a ceremony at the National District Export Council Conference. The “E” Award is the highest U.S. Government recognition any U.S. entity may receive for supporting export activity. The Presidential “E” Award was created by President John F. Kennedy in 1961 to recognize persons, firms, or organizations that contribute significantly to increasing United States exports. (More) (“E” Award for Exporters)

Secretary Locke Chairs First Trade Promotion Coordinating Committee Meeting

U.S. Commerce Secretary Gary Locke chaired the Obama administration’s first meeting of the Trade Promotion Coordinating Committee (TPCC) and focused on initiatives to help boost U.S. exports, spur economic growth and create jobs. Secretary Locke was joined by U.S. Trade Representative Ron Kirk, Larry Summers, Director of the National Economic Council, and other top administration officials from 20 federal agencies on the White House campus. (More) (Remarks)

Secretary Locke Statement on Trade Numbers

Department of Commerce seal.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the August 2009 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 increased by 0.2 percent to $128.2 billion since July 2009. Imports declined 0.6 percent to $158.9 billion. (More) (Release) (Fact Sheet)

Secretary Locke Proposes Reforms to Export Controls System to Enhance National Security, Improve Competitiveness

Secretary Locke at lectern. Click for larger image.

U.S. Commerce Secretary Gary Locke proposed reforms to modernize America’s export controls system, which will enhance national security and increase the competitiveness of U.S. companies, in a speech at the Bureau of Industry and Security’s Update Conference on Export Controls. The United States export control system seeks to prevent sensitive items from falling into the hands of those who seek to do us harm. (More) (Remarks)

Statement from Under Secretary Blank on August 2009 Personal Income and Outlays

Portrait of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis released personal income and outlays for August 2009. Personal income rose 0.2 percent, real personal consumption expenditures jumped 0.9 percent, and real disposable personal income decreased 0.2 percent. “The recent growth in consumer spending along with the gains in housing activity, exports and industrial production suggest that the economy is beginning to expand after contracting in four consecutive quarters,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)