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Blog Category: Exports

Secretary Bryson Talks about Turkish-American Economic Cooperation

Secretary Bryson and Members of the Confederation of Businessmen and Industrialists of Turkey

Today, U.S. Commerce Secretary John Bryson delivered keynote remarks at a luncheon co-hosted by the Center for American Progress and the Confederation of Businessmen and Industrialists of Turkey (TUSKON). The event, titled “Building on the Progress in Turkish-American Economic Cooperation,” comes at an exciting time in U.S.-Turkish relations, with bilateral trade reaching a record level of $20 billion this past year.

Turkey is the world’s-17th largest economy, and was the world’s second-fastest growing economy in 2011.

During his remarks, Bryson talked about the president’s National Export Initiative, which aims to double U.S. exports from 2010 to 2014. He noted that U.S. exports to Turkey have already doubled.

Over the past two years, the U.S. and Turkey have come together through the Framework for Strategic Economic and Commercial Cooperation. Secretary Bryson announced today that he plans to attend the next Framework meeting that will be held in Turkey in late June.

Secretary Bryson also emphasized the importance of stronger bilateral investment, including efforts such as SelectUSA.

Bryson ended his remarks by saying, “Let’s do everything possible to usher in a long and prosperous era–as the bonds between our two nations continue to grow in the 21st century.”

Secretary Bryson Addresses the Industry Trade Advisory Committees

Secretary Bryson Addresses the Industry Trade Advisory Committees

Earlier today, Secretary John Bryson addressed the advisers of the Industry Trade Advisory Committees (ITACs) at a quarterly plenary session at the Department of Commerce. The Secretary laid out his priorities in manufacturing, trade and investment.

The ITACs are comprised of U.S. business leaders who assist the Department of Commerce and the Office of the U.S. Trade Representative with trade policy. Secretary Bryson was joined by U.S. Trade Ambassador Ron Kirk and 16 of the ITAC committees to discuss the importance of new and upcoming trade initiatives.

This meeting takes place just weeks after the 2nd anniversary of President Obama’s National Export Initiative. The work of the ITACs is helping to build on the all-time record of $2.1 trillion in U.S. exports last year. Export-supported jobs also increased by 1.2 million from 2009 to 2011.

Secretary Bryson praised the advisers for their work on the U.S.-Korea Trade Agreement, which recently went into effect. This agreement dropped tariff rates to zero on about 80 percent of U.S. goods exported to Korea. Secretary Bryson also thanked the ITACs for their continued work on efforts such as the Trans-Pacific Partnership.

The Secretary also discussed the importance of advancing America’s bilateral relationships through strong and balanced growth in areas such as trade and investment, and cited his recent trade mission to India as an example of this.

USTDA Awards Two Clean Energy Grants During India Trade Mission

Henry Steingass (far right), USTDA Regional Director, and Mark Dunn (far left), USTDA Regional Manager, pose for a photo with Commerce Secretary John Bryson during a luncheon in Mumbai Mar. 26, 2012

Guest blog post by U.S. Trade and Development Agency (USTDA)

To support India’s plans to improve energy efficiency throughout the country while opening India’s market for increased U.S. exports of clean energy technologies, the U.S. Trade and Development Agency (USTDA) concluded two grant agreements during Secretary Bryson’s five-day infrastructure trade mission to India. The delegation included 16 U.S. companies and three U.S. agencies, including USTDA.

"India has ambitious energy infrastructure development goals," stated USTDA Regional Director Henry Steingass. "We are pleased to join this trade mission to support those goals, and to help open the market for U.S. clean energy technologies, which are among the best in the world."

India's growing population and rapid economic expansion are placing a strain on the country’s energy infrastructure. Approximately 400 million people do not have grid connectivity, while many households in electrified villages do not have access to grid supply. Growing demand is increasing the frequency of power outages in urban areas as well. In response to these challenges, Indian utility companies are making heavy investments in clean energy infrastructure, and these grants will support those investments while opening the market up for the cutting edge technologies of U.S. clean energy businesses.

The first grant will support a feasibility study for Azure Power, a private sector solar power developer that will assess the development of a rural micro-grid solar power project.  Azure aims to set up over 100 micro-grid solar systems, with each system covering an average of 2-3 acres of rural land with little or no connectivity to existing electrical grids.  The second grant will support a feasibility study for CESC Limited for the implementation of smart grid technologies across their electricity distribution networks in Kolkata, India.  The study will develop a smart grid pilot project as well as the requirements for broad implementation.

These projects respond to the joint commitment made by President Obama and Prime Minister Singh in late 2009 to greatly expand energy efficiency and clean energy cooperation and to form a Partnership to Advance Clean Energy (PACE). In addition to substantial improvements to India’s clean energy infrastructure, successful implementation of these two projects could generate more than $250 million of exports for U.S. companies.

Secretary Bryson Announces 16 Companies Joining his First Trade Mission to India

Secretary Bryson Announces 16 Companies Joining his First Trade Mission to India (State Dept. image)

U.S. Commerce Secretary John Bryson today announced the 16 companies that will join him on a business development mission to India, his first as Commerce Secretary. During the mission, Secretary Bryson will meet with senior-level Indian government officials to advocate for U.S. export opportunities in India’s rapidly expanding infrastructure sector, and promote investment opportunities in America – both key priorities of the Obama Administration. The mission will take place March 25-30 with stops in New Delhi, Jaipur and Mumbai.  

The trade mission supports President Obama’s National Export Initiative goal of doubling U.S. exports by the end of 2014 to create more good-paying jobs. Last week, on the two year anniversary of the creation of the NEI, the Commerce Department released new data showing that jobs supported by U.S. exports increased by 1.2 million between 2009 and 2011, and the value of U.S. exports exceed $2.1 trillion for the first time in U.S. history. The mission also supports efforts to increase investment in the United States through SelectUSA, America’s first national investment advocacy program. In addition, the mission will promote a new national tourism strategy focused on creating American jobs by becoming even more welcoming to visitors from around the world.

“This mission builds on President Obama’s historic visit to India two years ago, when he said before the Indian Parliament that the U.S.-India relationship will be one of the defining partnerships of the 21st century. I couldn’t agree more,” said Bryson. “I am looking forward to connecting American business leaders to new opportunities in India’s rising infrastructure sector, and encouraging Indian businesses and individuals to invest in and visit the United States. India is one of the world’s fastest growing economies, and its large market presents an important opportunity for U.S. companies to sell their goods and services to some of the 95% of consumers who live beyond our borders and boost job creation at home.”  Full release

U.S. Commerce Secretary John Bryson Highlights Manufacturing and Exports in Florida

Secretary Bryson delivering his remarks at Pavilion Furniture

This week, U.S. Commerce Secretary and former CEO John Bryson traveled to Florida to meet with local business leaders and discuss his priorities for supporting advanced manufacturing and encouraging exports. On Thursday evening, Bryson delivered remarks to the National Association of Manufacturers Board of Directors dinner in Boca Raton, Fla. Friday morning, he visited the Port of Miami and took a tour of Pavilion Furniture, a Miami Gardens, Fla.  company that is working with the Department of Commerce’s Commercial Service to expand the exports of its products. Following the tour, Bryson delivered remarks and joined Miami-Dade County Mayor Carlos A. Gimenez and local business leaders for a discussion about how the private and public sector can work together to expand exports and create jobs.

Business leaders participating in the discussion included Mike Buzzella, President and CEO of Pavilion Furniture, Raj Rangaswamy, President of Target Engineering, and Luis Arguello, CEO of DemeTech. Target Engineering, an engineering services firm, will be joining Secretary Bryson on a Commerce-led trade mission to India at the end of the month. DemeTech Corporation, a producer of surgical sutures and blades, previously joined a Commerce Department trade mission to Saudi Arabia.

The U.S. has recently experienced dramatic job growth in the U.S. manufacturing sector. In the past two years U.S. manufacturing created over 400,000 jobs – over 80,000 in the first two months of this year alone. Bryson highlighted some of the Administration’s initiatives to support advanced manufacturing, including the National Network for Manufacturing Innovation. The Network, which President Obama proposed last week, would be a $1 billion investment in up to 15 institutes of advanced manufacturing research and experience across the country, designed to help make U.S. manufacturers more innovative and competitive.

Bryson also shared news on Commerce’s efforts to boost exports. This week marks the two-year anniversary of the signing of the Executive Order creating the National Export Initiative, when President Obama set the goal of doubling U.S. exports by the end of 2014. Earlier this week, the Commerce Department released new data showing that jobs supported by U.S. exports increased by 1.2 million between 2009 and 2011. In 2011, exports supported approximately 9.7 million jobs, and the value of U.S. exports of goods and services exceeded $2.1 trillion for the first time in U.S. history. 

In addition, Bryson discussed the U.S.-Korea Trade Agreement (KORUS), which went into effect yesterday. Korea is the world’s 12th largest economy, and under the new agreement, about 80 percent of Korea’s tariffs on U.S. industrial products are now dropping to zero. KORUS is America’s most significant trade agreement in nearly two decades, and is estimated to increase U.S. exports by approximately $11 billion, support tens of thousands of American jobs, and open up Korea’s $1 trillion economy for America’s workers and businesses.

At both stops, Secretary Bryson stressed that The Commerce Department is dedicated to providing business across the country the resources they need to build products here and sell them everywhere.

On the Two-Year Anniversary of the National Export Initiative Successes Abound

National Export Initiative

Guest blog post by Commerce Secretary John Bryson

Today marks the two-year anniversary of the signing of the Executive Order creating the National Export Initiative (NEI), when President Obama set the ambitious goal of doubling U.S. exports over five years.

To mark this anniversary, we released new data today showing that jobs supported by U.S. exports increased by 1.2 million between 2009 and 2011. Building on strong growth in 2010, exports supported approximately 9.7 million jobs in 2011 and the value of U.S. exports of goods and services exceeded $2.1 trillion for the first time in U.S. history.

This new data further confirms the good news that exports support an increasing number of American jobs. At the same time, it is also a reminder that we cannot afford to let up on our efforts to help U.S. businesses build it here and sell it everywhere. We must maintain the track record of the past two years and intensify our support of U.S. companies in selling their goods to the 95 percent of the world’s consumers who live beyond our borders by helping to create opportunities and a level playing field. We know that when American businesses and workers get a fair shot, they can compete and they can win.

The NEI's Second-Year Anniversary: Supporting American Jobs

The Port of Baltimore – one of the top ports in the country – handles around 30 million tons of cargo and 400,000 containers annually.

Guest blog post by Francisco Sanchez, Under Secretary of Commerce for International Trade

Earlier today – on the second anniversary of the President’s National Export Initiative – Commerce Secretary John Bryson announced that the number of American jobs supported by U.S. exports increased 1.2 million from 2009 to 2011. In total, U.S. exports now support 9.7 million jobs, serving as a bright spot in our economy, and helping to fuel our economic recovery. In addition, last year, there were a record $2.1 trillion in U.S. exports.  And there is a lot more room to grow.

Never has that been more clear than today.

I was in Baltimore this morning to see our efforts to support U.S. exporters first-hand. The Port of Baltimore – one of the top ports in the country – handles around 30 million tons of cargo and 400,000 containers annually. As the head of the U.S. Department of Commerce’s International Trade Administration (ITA), I was proud to sign a Memorandum of Agreement with the Port of Baltimore to expand cooperation on export promotion activities here at home.

The Port was also one of 12 U.S. organizations that participated in the February 2012 ports trade mission to India that I led on behalf of the Department of Commerce. During this mission, the Port of Baltimore signed a sister-port Memorandum of Understanding with the Mundra Port, in an effort to increase trade between the two ports. Two way trade between India and the U.S. grew to $58 billion in 2011 and is an NEI priority market. That is why Secretary Bryson will be leading his first trade mission to India at the end of the month to further opportunities for U.S. businesses in this region.

Working Locally to Boost Exports Nationally

Under Secretary Sanchez at the Brookings Institute (Photo Credit: Paul Morigi)

Guest blog post by Francisco Sanchez, Under Secretary of Commerce for International Trade

America is made up of different communities — each with its own character, challenges and opportunities.  Regional leaders have a unique view of these issues and bring to the table incredible insight into their respective regions.  That’s why the International Trade Administration (ITA) is firmly committed to working with these local leaders to utilize their insight, and ultimately help more American businesses expand into overseas markets.

This is important work because exporting supports American jobs, provides new opportunities for businesses, and makes significant contributions to the growth of the American economy. 

In recognition of these positive economic benefits, President Obama launched the National Export Initiative (NEI) in 2010 with the goal of doubling U.S. exports.  On the eve of the NEI’s two-year anniversary — officially on March 12 — I’m proud to say that we are on track to meet this goal.  Last year, there were a record $2.1 trillion in exports.  Plus, exports comprised nearly 14% of U.S. GDP — another record.

Progress has been made, and we are determined to keep it going.  Key to this work is our partnerships with local and regional partners.  While ITA has a talented and dedicated staff doing great work in 108 offices throughout the nation, we recognize that we can have an even greater reach through partnership.

Case in point: Our work with the Brookings Institution.

Today, Brookings’ Metropolitan Policy Program released a report called “Export Nation 2012: How US Metropolitan Areas Are Driving National Growth.”  

Secretary Bryson Hosts Trade Promotion Coordinating Committee and Export Promotion Cabinet

Bryson and participants seated at conference table

Meeting follows establishment of the Interagency Trade Enforcement Center through Presidential Executive Order signed today

Commerce Secretary John Bryson today hosted a joint meeting of the Trade Promotion Coordinating Committee (TPCC) and the Export Promotion Cabinet (EPC) to discuss strategic priorities for promoting trade and U.S. exports and receive input on new initiatives. Secretary Bryson was joined by officials from the Export-Import Bank, Small Business Administration, National Security Council, and Departments of Agriculture, State, and Treasury, among other agencies.

The TPCC and EPC support the president’s overall economic agenda by helping U.S. companies export globally and create jobs locally. The TPCC is composed of 20 federal government agencies and chaired by the Secretary of Commerce. The EPC was established to coordinate the development and implementation of the National Export Initiative (NEI) along with the TPCC, helping to meet the president’s goal of doubling U.S. exports by the end of 2014.  

During the meeting, which was his first as Commerce Secretary, Bryson highlighted the progress with NEI and the need to strengthen efforts to continue to increase U.S. exports. In 2011, the U.S. exported over $2.1 trillion in goods and services, the highest on record and the first time in history that America has crossed the $2 trillion threshold. Despite the positive signs of economic recovery, the president has made clear that lasting economic growth requires leveling the playing field for American workers and businesses and making sure they are able to compete successfully in global markets.

President Obama Announces New Steps to Promote Manufacturing, Increase U.S. Exports

Jim Albaugh, President and CEO of Boeing Commercial Airplanes, President Obama with Jim McNerney, CEO and chair of the PEC (Photo: Boeing)

Last Friday, President Obama visited the Boeing assembly facility in Everett, Washington to announce new steps to promote American manufacturing and increase U.S. exports. Manufacturing represents nearly 60 percent of total U.S. exports, and Boeing, whose CEO Jim McNerney is Chair of the President's Export Council (PEC), is one of the country’s leading exporters of manufactured goods with more than $34 billion in total exports in 2011. The PEC is chartered  to advise the president on real ways to boost innovation, competitiveness, and trade for American businesses. Mr. McNerney brings great skill and know-how to the PEC.

The Obama administration has provided important support to Boeing’s export success, and the president has made unprecedented efforts to open up markets for American goods and to level the playing field for all American companies.  Over the past year, the president has signed into law a series of trade agreements that will provide a major boost to our exports by making it easier for American companies to sell their products in South Korea, Colombia, and Panama. In addition, record-setting efforts at the Export-Import Bank–through direct loans, credit guarantees, and credit insurance–have helped U.S. exports remain on target to meet the president’s goal to double exports between 2010 and 2015.