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Blog Category: Exports

Working with Florida’s Construction Leaders to Build New Opportunities for Communities

Sánchez speaking at LBA event in Miami

Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International Trade Secretary, Department of Commerce

Entrepreneurs are a major key to U.S. economic growth. Their ideas, creativity and pioneering spirit are among our nation’s greatest resources, and are helping to pave the road to recovery. 

That’s why the Commerce Department, under the leadership of Secretary John Bryson, is firmly committed to supporting American business owners in every way we can.  And, our partnership with the private sector is essential to this work which is why I traveled to Miami, Florida earlier today to meet with the Latin Builders Association (LBA).

Founded in 1971, the LBA is the largest Hispanic construction association in the United States. They have shaped skylines, built neighborhoods and made a significant impact on the South Florida area. And, every day, leaders like them are doing great work on the ground to do more than just rebuild our communities; they are committed to building a better and stronger America.

U.S.-China Joint Commission on Commerce and Trade (JCCT) Concludes with Significant Agreements

Vilsack, Bryson, Wang and Kirk in stage with JCCT logo

This week marked the conclusion of the 22nd sssion of the U.S.-China Joint Commission on Commerce and Trade (JCCT) in Chengdu, China. U.S. Secretary of Commerce John Bryson and United States Trade Representative Ron Kirk co-chaired the JCCT along with Chinese Vice Premier Wang Qishan. The trip was highlighted by meaningful progress on key elements of the U.S.-China trade relationship, though much more work remains to be done to open China’s market to U.S. exports and investment.

The work done at JCCT will help boost U.S. exports and jobs through:

  • the removal of important barriers related to electric vehicles,
  • strengthened measures to eliminate discriminatory indigenous innovation policies,
  • and stricter enforcement of intellectual property rights in China. 

“Both sides worked hard to produce some meaningful progress that will help provide a needed boost to U.S. exports and jobs,” Secretary Bryson said.  “This is a step in the right direction.  But we must continue to actively engage our Chinese counterparts to open additional opportunities for U.S. businesses.”

Specifically, China agreed to make a significant systemic change in its enforcement of intellectual property rights. Through a high-level central government enforcement structure, China will make permanent its 2010 Special IPR Campaign.  China will continue high-level involvement that will enhance its ability to crack down on intellectual property rights infringement. And in addition, China’s leadership committed to increased political accountability–the performance of provincial level officials will be measured based on enforcement of intellectual property rights in their regions.

Secretary Bryson Meets with American Business Community and Chinese Investors While in Beijing

Secretary Bryson Visits Beijing Airport to See American-Made Service Vehicles

This weekend Secretary Bryson will be in Chengdu, China for the 22nd Joint Commission on Commerce and Trade (JCCT), the annual bilateral trade negotiations between the U.S. and China. Before going to Chengdu, the Secretary stopped in Beijing to meet with American business community and Chinese investors. He participated in a meeting with the American Chamber of Commerce (AMCHAM) and the U.S.-China Business Council (USCBC), and met with members of the Chinese business community to discuss bilateral trade and investment issues. Even though he was surrounded by wonderful local cuisine, Bryson stopped off at a local U.S. franchise–Subway–to highlight the success of American brands in China, and joined U.S. Trade Representative Ron Kirk to tour Wisconsin-made airport vehicles at the Beijing Airport.

During the meeting with the American business community, Bryson shared his commitment to opening markets and leveling the playing field for U.S. companies in China and he pledged to take their issues to the JCCT meeting in Chengdu. The discussion focused on intellectual property protection, bilateral investment and China’s indigenous innovation practices.

Bryson also met with Chinese business leaders to encourage them to invest–by establishing factories, facilities, operations and offices–in the United States and to help them better understand the opportunities and ease of investing in the U.S. China's foreign direct investment in America increased nearly twelve-fold (from $0.5 billion to $5.8 billion) between 2008 and 2010. The Obama administration recently announced Select USA–the first coordinated federal effort to aggressively pursue and win new business investment in the United States while cutting red tape and removing barriers.

Promoting Competitiveness in the U.S.-Mexico Relationship

Sánchez on podium, gesturing

Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International Trade Secretary, Department of Commerce

One billion dollars.

That number represents the two-way trade that happens between the United States and Mexico—every day. 

It’s a remarkable statistic, and a powerful symbol of the growing trade relationship and friendship between our two countries. Clearly, the story of the U.S. and Mexico is a story of progress. And, many from both countries are committed to ensuring that the next chapter of this story is full of greater opportunities for both peoples.

That’s why, earlier today, I was privileged to co-host the California Mexico Binational Mayor’s Conference with Los Angeles Mayor Antonio Villaraigosa.

We were joined by U.S. and Mexican government and business leaders who came together to identify ways to strengthen our trade relations. Thankfully, we already have a solid foundation to build on.

Combined two-way trade in goods and services was nearly $400 billion dollars in 2010. From the United States’ vantage point, Mexico is our third-largest trading partner. It’s our-second largest export market. And, in California alone, $21 billion in merchandise exports went to Mexico last year—15 percent of the state’s total merchandise. 

Clearly, this partnership has been a key to the success of President Obama’s National Export Initiative, which has the goal of doubling U.S. exports by the end of 2014. Last year, exports supported 9.2 million jobs—and Mexico has obviously helped fuel this positive economic activity. 

But, today’s global economy is moving fast. And, no country can afford to stand pat and be satisfied. We’ve got to keep changing and evolving. 

PEC Commends Administration Progress on Trade

Burns, Bryson and McNerney

Today, Secretary John Bryson met with members of the President’s Export Council (PEC) to discuss a number of issues, including workforce readiness, export control reform, and Middle East/North Africa commercial engagement.  In addition, Secretary Bryson, along with other Cabinet members and Senior White House officials, provided updates on the recent Asia-Pacific Economic Cooperation meetings, Trans-Pacific Partnerhsip Agreement and Russia WTO Accession.  In response to such updates, the private-sector members of the PEC issued the  following statement and recommendations regarding the administration’s progress on the international trade agenda.

Assistant Secretary Suresh Kumar Blogs on 30th Anniversary DEC Conference

District Export Council Conference logo

Guest blog post by Assistant Secretary for Trade Promotion and Director General for the U.S. and Foreign Commercial Service Suresh Kumar

I’m proud to be speaking at the 30th District Export Council Conference (DEC), in Las Vegas, Nevada.  We have more than 40 DECs represented from across the country at the conference this year.  The DECs are comprised of business leaders from around the country who are nominated by the U.S. Department of Commerce’s Commercial Service (often in consultation with other DEC members and local partner organizations) and appointed by the Secretary of Commerce.  The DECs provide guidance and mentoring to U.S. businesses looking to export, and work closely with the U.S. Commercial Service, referring these businesses to our network of U.S. Export Assistance Centers.   By supporting firms in their local communities which are looking to progress from their first international business plan to their first export sale, DEC members empower the U.S. Commercial Service in our mission of broadening and deepening the U.S. exporter base. 

Nationwide, there are 59 DECs which include the expertise of 1500 exporters and export service providers throughout the United States, who volunteer their time to promote numerous trade related activities.  DECs also create seminars that make trade finance both understandable and accessible to small exporters, host international buyer delegations, design breakthrough guides to help firms export, put exporters on the Internet and help build export assistance partnerships to strengthen the support given to local businesses interested in exporting.  As such, the DECs are critical to our effort in promoting our country's economic growth and supporting new and higher-paying jobs for their communities.

Our Biotech Trade Mission in China: Developing Prosperous Partnerships

Sánchez, officials at DiaCarta signing ceremony

Guest blog post by Francisco Sánchez, Under Secretary for International Trade, International Trade Administration

“A journey of a thousand miles begins with one single step.”

That’s a proverb I learned during my recent trip to China, where I led a delegation of 19 U.S. biotech companies on a trade mission. Today marked the end of our journey. But, I’m confident that the steps we took will help these firms generate new opportunities in the region.     

As I get ready to depart, I’m struck by the huge possibilities in the country. China’s biotech sector is growing roughly 25 percent a year. Its market is huge in terms of sales and clinical trial opportunities, as well as potential investment. And, China’s enormous consumer base and impressive economic growth further reinforce the importance of the market for U.S. firms.

So What's in the Trade Agreements with Colombia, Panama and Korea?

Yesterday, President Obama sent three trade agreements to Congress for approval. While each of the trade agreements were negotiated differently, they all share one common goal - to increase opportunities for U.S. businesses, farmers, and workers through improved access for their products and services in foreign markets. Each supports President Obama’s National Export Initiative goal of doubling U.S. exports by 2015.

All Trade Promotion Agreements have one thing in common. They reduce barriers to U.S. exports, and protect U.S. interests and enhance the rule of law in the partner country. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment make it easier and cheaper for U.S. companies to export their products and services to trading partner markets.This results in jobs here in America.

The most common question about these agreements is, "What exactly is in them?" Below the fold are some of the key specifics for each agreement.

New Friendships and New Opportunities to Do Business in Brazil

Under Secretary of Commerce for International Trade Francisco J. Sánchez inaugurating the U.S. Pavilion at the Offshore Technologies Conference in Rio de Janeiro, Brazil

Guest blog post by Francisco Sánchez, Under Secretary for International Trade, International Trade Administration

Today I had the honor of inaugurating the U.S. Pavilion at the Offshore Technologies Conference in Rio de Janeiro, Brazil. The pavilion is giving more than 80 U.S. firms the opportunity to exhibit their products and services to potential buyers in Brazil and elsewhere in the Western Hemisphere.  The pavilion also supports a Department of Commerce–certified trade mission that was organized by the state of Louisiana along with that state’s Committee of 100 for Economic Development.

Why Brazil? There are a lot of reasons for U.S. companies to look for business here, especially in the energy sector. Economically, Brazil is on the rise. It is the world’s seventh largest economy and in 2010 posted a real GDP growth rate of 7.5 percent. This strong growth is sure to continue in the long-term. One factor in that growth will be Brazil’s oil and gas sector, buoyed by the recent discovery of offshore oil reserves in the Santos Basin. The discovery of these reserves is good news for the United States—both for the potential market it represents for U.S. sellers of energy products, technologies, and services as well as for the likelihood that that it will make Brazil a stable and secure source of energy for the United States in the future.

Acting Secretary Blank Encourages Innovation in Green Energy Technologies

Acting U.S. Commerce Secretary Rebecca Blank delivered the keynote address at a green energy conference today hosted by Commerce’s United States Patent and Trademark Office (USPTO), the Economic Development Administration (EDA), the Brookings Institution and the Clean Energy Group at USPTO headquarters in Alexandria, Virginia. The conference was held for policy makers from federal, state, and foreign governments, and industry and academia. Under Secretary of Commerce for Intellectual Property and Director of the USPTO David Kappos, EDA Assistant Secretary of Commerce for Economic Development John Fernandez and Connecticut Gov. Dannel Malloy also participated.

In her remarks, Blank focused on issues facing clean energy development today and ways to overcome obstacles through more strategic state and federal policy. Blank highlighted efforts by Obama administration initiatives aimed at creating jobs, increasing exports and securing America’s energy future. Topics at the forum included technology transfer and commercialization, public investment, procurement and policy, federal and state economic support for clean energy industries, and international collaboration on clean energy technologies.  Remarks