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Blog Category: International Trade Administration

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. 

Highlighting Opportunities in India’s Renewable Energy Market

Sanchez on podium (video image)

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

India has a bright future in solar energy.

Its renewable energy market is currently valued at $17 billion dollars, and is growing at an annual rate of 15 percent.  And remarkably, there is potential for even bigger things.

According to one estimate, to keep economic growth at current levels, India will need to add 150 gigawatts of capacity over the next five years. Clearly, there is both a market and a need for clean energy in India.  And, U.S. companies have the technology and products to meet these needs and help spur economic development. 

It’s a natural partnership.  

That’s why, yesterday, during my keynote speech at SOLARCON India 2011, I urged all parties to consider new partnerships with each other so that we can build a clean future together.  

Hosted in the city of Hyderabad, the trade event brought together a wide-range of business leaders, academics and government officials to exchange ideas about the clean energy sector. Although estimates about the attendance are unavailable at this time, just last year, it drew over 4,000 people from over 30 countries.    

This year, there was incredible energy and excitement in the air. For U.S. firms, India’s solar market represents a huge opportunity to get involved in a booming sector in a growing market, resulting in thousands, if not millions, of jobs for people in both countries.

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.

Trading Across the Border – The United States and Mexico’s $1 Billion per Day Relationship

Juan Carlos Baker, Director General of Mexico’s Secretariat of Economy with Hector Mancha Ana Hinojosa, Director of Field Operations, El Paso Field Office with Michael Camuñez, Assistant Secretary for ITA’s Market Access and Compliance.

Guest blog post by Michael Camuñez, Assistant Secretary for ITA’s Market Access and Compliance

Last year, trade between the United States and Mexico amounted to nearly $400 billion. With 85% of that trade crossing the border each day by truck, the U.S.-Mexico border region plays a vital role in the U.S. economy. And it is open for business.

This is the message I heard last Wednesday through Friday when I visited the El Paso, Texas/Ciudad Juarez, Mexico region.

As Americans, we hear a lot about our southern border, little of it positive. Drugs, violence, and illegal immigration are what we see on television and read in the newspaper. While such stories may be in the media’s economic interest, I want to share an entirely different story that is in every American’s economic interest.

Two-way trade between the United States and Mexico amounts to more than $1 billion a day. To put the scope and depth of our relationship in perspective, consider that last year U.S. exports to Mexico exceeded our exports to Brazil, Russia, India and China combined. Remarkably, even our imports from Mexico support U.S. jobs—64% of the content of the Mexican goods we import include U.S. inputs. The continued growth of this relationship is vital to the America’s economic recovery.

And that is exactly why I went to the border—to discuss how infrastructure investments and improvements in customs procedures can facilitate increased trade.

To emphasize the need for a shared approach, I asked Juan Carlos Baker, Director General of Mexico’s Secretariat of Economy, to join me. Together, we met with many of the principal exporters on both sides of the border—maquiladora executives representing the Mexican private sector and U.S. small and medium sized business owners who comprise the maquiladoras’ supply chain. We had excellent discussions with both groups and received useful feedback, which we will incorporate into our respective government’s efforts to grow trade along our southern border.
 
We also visited The Bridge of the Americas, one of the busiest ports of entry on the entire U.S.-Mexico border where we were briefed by senior U.S. Customs and Border Protection officials regarding the challenges of advancing our dual interests: security and commerce. We communicated industry concerns and gained useful information that will inform our efforts on behalf of our respective private sectors.

Along the way, we also discussed some of the untapped potential of the border region, particularly that in renewable energy. I spoke at the U.S.-Mexico Border Energy Forum Plenary Session, where I offered insight into Commerce’s efforts to develop this sector.

What is most important is that we not lose sight of the importance of the U.S.-Mexico border to the U.S. economy and to our global competitiveness. We share much more than a border with Mexico. Our societies and cultures are inextricably linked—I should know, my family came from Mexico generations ago and settled in the border region, right near El Paso. Those ties present an enormous opportunity from which we must not be distracted.

Pushing for Progress in the Middle East and North Africa

(Photo: ©  WEF)

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

Recent events have reaffirmed just how extraordinary this period is for the Middle East and North Africa (MENA).  The Arab Spring has generated a lot of hope for people across the region. However, it’s also presented a number of questions that need to be answered, many of which center around economic issues like unemployment and slow growth. 

As the World Economic Forum (WEF) put it, “Recent shifts in the Arab world, coupled with an economic contraction at the global level, have created renewed urgency for decision-makers across the region to address the unfolding economic situation.”

So, it’s fitting that, this past weekend, King Abdullah of Jordan hosted a WEF event to address job creation. World leaders gathered to discuss pressing issues including the advancement of youth and women, the impact of social media, and, of course, U.S.-Arab relations.

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.

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.

Spotlight on Commerce: Francisco J. Sánchez, Under Secretary of Commerce for International Trade

Under Secretary of Commerce for International Trade Francisco J. SÁnchez Cutting a Ribbon at Trade Show in 2011

Ed. Note: This post is part of the Spotlight on Commerce series, which highlights members of the Department of Commerce who are contributing to the president's vision of winning the future through their work.

Francisco J. Sánchez is the Under Secretary of Commerce for International Trade.

I consider myself a lucky guy. 

Every day, I have the privilege of serving the American people as the Under Secretary of Commerce for International Trade.  It is a tremendous honor to be able to give back to a country that has given so much to me.

My story is the American story.  My grandparents and father were immigrants from Spain; they believed in the American Dream, and worked hard to achieve it. 

We lived in Tampa, Florida.  Growing up, I learned a lot of lessons that serve me well today.  Through my father, who used to run a candy factory in Spain, I was able to learn how important small- and medium-sized businesses are to a community’s development.  My mother worked as the Director of one of the first Head Start programs in the country.  She wanted all children to get the best possible start in life and dedicated her time to helping others.  That’s why she is my hero.

Manufacturing Council Ensuring We Build It In America

Acting Secretary Blank Chairs the 5th Manufacturing Council Meeting

Let’s build it in America.

That’s what we’ve done for generations.  And today, the private sector members of the Manufacturing Council had the opportunity to meet with Acting Secretary Blank, Under Secretary Sánchez, Assistant Secretary Lamb-Hale and others from the federal government to continue the discussion on how to enhance our global competitiveness and make the important investments necessary to ensure American manufacturers and communities across the country can continue to innovate here, manufacture here and have the skilled workforce they need to do it.

The Council and the team at Commerce and within the Obama administration are committed to helping businesses invest, grow and create jobs in America. We are tackling head-on the issues that the manufacturing industry, through the Council, have identified as most important. Some of these issues are a comprehensive energy strategy, passage of the trade agreements with Korea, Colombia and Panamaworkforce development initiatives and tax and regulatory matters.

And, we’re making progress. Today, Secretary Blank discussed the American Jobs Act with the Council, highlighting, in particular, the pieces on infrastructure investment, the extension of 100% business expensing and payroll tax holidays that the Council has addressed.

And, we’re also making strides toward connecting the key players in these areas so they join forces. The Council is working with Skills for America’s Future, Change the Equation, the President’s Council on Jobs and Competitiveness and the Departments of Labor and Education to look at concrete next steps to address the workforce issues. The Commerce Department, along with partner agencies, announced the winners of our i6 Green Challenge. These winners will have the ability to leverage resources from five federal agencies to take their clean technology innovations and bring them to market.