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Blog Category: Economy

Secretary Locke Meets with Korea's Minister of Knowledge Economy, Signs Memorandum of Understanding

Secretary Locke and Minister Lee are pictured signing document with U.S. and South Korean flags in background. Click for larger image.

U.S. Commerce Secretary Gary Locke hosted a meeting and signed a Memorandum of Understanding (MOU) on commercial cooperation with Korea’s Minister of Knowledge Economy Mr. Lee Youn Ho at the Commerce Department today. This was the first meeting between the Secretary and Minister Lee. Secretary Locke and Minister Lee confirmed the importance of further strengthening the U.S.-Korea commercial relationship and continuing to deepen cooperation on trade and investment issues. (More)

Secretary Locke Hosts Meeting of U.S. Travel and Tourism Board

Secretary Locke (center) with participants. Click for larger image.

Commerce Secretary Gary Locke hosted his first meeting with the U.S. Travel and Tourism Advisory Board (TTAB). Board members presented their recommendations regarding airport congestion, travel facilitation and the economic sustainability of the travel and tourism industry. “At Commerce, we’re working closely on tourism development with trade associations, destinations, and industry leaders,” Locke said. “We are tracking the industry because of its importance to the U.S. economy and understand the stress it is currently experiencing. I look forward to working with the Travel and Tourism Advisory Board to restore growth to this important sector.” (More)

Commerce Secretary Locke Meets with Mexico's Secretary of Economy Mateos

Secretary Mateos and Secretary Locke seated in front of fireplace talking. Click for larger image.

U.S. Commerce Secretary Gary Locke hosted a meeting with Mexico’s Secretary of Economy Gerardo Ruiz Mateos at the Commerce Department. This was the first meeting between Secretary Ruiz and Secretary Locke.Secretary Locke and Secretary Ruiz highlighted the importance of our bilateral trade relationship and the need for continued cooperation in strengthening our competitiveness in the region and removing impediments to trade. (More)

Census Bureau Announces Guam Economy Grew by 36 Percent, 2002-2007

Census Bureau seal.

Guam’s economy generated $6.2 billion in sales in 2007, up from $4.6 billion in 2002, according to the U.S. Census Bureau’s 2007 Economic Census of Island Areas: Geographic Area Series for Guam. The economic census profiles Guam’s economy every 5 years. The 2007 census data include statistics for Guam and its 19 election districts for businesses with paid employees. These data for Guam are available through the Census Bureau’s American FactFinder, an online data tool that allows users to access, filter, manipulate and extract data. Guam is a U.S. territory in the western Pacific Ocean. (More)

Secretary Locke Meets with Korea's Trade Minister Kim Jong-Hoon

Locke and Kim at conference table with aides. Click for larger image.

U.S. Commerce Secretary Gary Locke hosted a meeting with South Korea’s Minister for Trade Kim Jong-Hoon at the Commerce Department, the first meeting between Minister Kim and Secretary Locke. Locke and Kim recognized the importance of the $83 billion in goods trade between the two countries in 2008. They expressed support for continuing to deepen cooperation on trade and investment issues. “Korea, with a $1 trillion economy, is our eighth largest export market, and the Department of Commerce is committed to ensuring that U.S. companies can compete and win in this vibrant Asian market,” said Secretary Locke. (More)

Over 7,000 Attend Two-Day National Trademark Expo

(Posing left to right): Dennis the Menace, Congressman Jim Moran, Debbie Cohn, John Doll and Curious George officially open the 2009 National Trademark Expo. Click for larger image.

It began on Friday morning with a parade of 25 trademark characters, music from the Air Force Band’s Ceremonial Quintet, speeches and a ribbon cutting. It ended on Saturday when the U.S. Patent and Trademark Office’s normally quiet weekend campus sprang to life with thousands of kids and their parents flocking to the National Trademark Expo. Attendees enjoyed and interacted with such iconic trademark costume characters as Popeye, Olive Oyl, Dennis the Menace, Betty Boop, Curious George and Sprout. Expo visitors also learned more about the vital role trademarks play in the global economy at 15 exhibit booths and by attending educational workshops. (More) (Photo Gallery)

Secretary Locke to Meet with Supply Chain Industry Leaders, Keynote Conference

International Trade Administration logo.

U.S. Commerce Secretary Gary Locke will deliver keynote remarks at the Game Changers in the Supply Chain Infrastructure: Are We Ready to Play? Conference on Monday, May 11. The conference, jointly hosted by the U.S. Departments of Commerce and Transportation, is the first meeting between supply chain industry leaders and key Administration officials to discuss how America’s freight infrastructure must be improved to boost the competitiveness of U.S. firms in the global economy. A live webcast of the keynote address will be available beginning Monday, at 9:00 a.m. EDT. (Webcast) (Remarks)

Secretary Locke Meets with Japan's Minister of Economy, Trade and Industry

Minister of Trade and Secretary of Commerce with other attendees of meeting. Click for larger image.

U.S. Commerce Secretary Gary Locke hosted a meeting with Japan’s Minister of Economy, Trade and Industry (METI) Toshihiro Nikai, the first meeting between Minister Nikai and Secretary Locke. In their meeting, Locke and Nikai recognized the progress made by the Commerce Department and METI under the Joint Initiative for Enhanced U.S.-Japan Cooperation on Intellectual Property Rights and other global issues and expressed support for continuing to deepen cooperation on trade and investment issues. “It is important for the United States and Japan, as the two largest economies in the world, to show strong leadership during these challenging economic times,” Locke said. (More)

Secretary Locke Sworn in at White House Ceremony by Vice President Biden

Image of Scretary Locke.

File Photo

U.S. Secretary of Commerce Gary Locke and U.S. Health and Human Services Secretary Kathleen Sebelius were sworn in by Vice President Joe Biden in ceremonies at the White House. President Barack Obama also attended the ceremonial swearing-in event in the East Room. “My Cabinet is now full of energetic innovators like Kathleen and Gary. . . I am thrilled to have them by my side as we continue the work of turning our economy around and laying a new foundation for growth that delivers on the change the American people asked for, and the promise of a new and better day ahead,” President Obama said. Locke, a key member of the President’s economic team, is the department’s 36th Secretary, leading its 12 agencies and bureaus and more than 52,000 employees. (President’s Remarks)

Commerce Secretary Locke Addresses Motion Picture Summit

Secretary Locke at podium during remarks to Summit.

Commerce Secretary Gary Locke talked about the motion picture industry’s importance to the U.S. economy at the Motion Picture Association of America’s (MPAA) Second Biennial Industry Summit. “Movies and TV shows are direct products of the freedoms we enjoy; that’s part of why they’re so popular around the world,” Locke said. “The Obama administration is well aware of the impact of counterfeiting and piracy on our industries and workers, and we’re working to combat it.” (Remarks) (www.stopfakes.gov)