Commerce.gov is getting a facelift soon. See the new design.
Syndicate content

Blog Category: International Trade Administration

Secretary Pritzker to Lead Business Development Mission to Middle East

Secretary of Commerce Penny Pritzker will lead a senior-executive Business Development Mission to the Gulf Cooperation Countries (GCC) of the United Arab Emirates, Saudi Arabia and Qatar March 8-14, 2014.

The trade mission is critical to building on export growth and furthering the Obama Administration’s efforts to help U.S. businesses compete and succeed in the global economy. It is also an important component of the Department of Commerce’s “Open for Business Agenda,” which prioritizes trade and investment.

This mission will highlight export opportunities for U.S. businesses in three leading industry sectors with an emphasis on project management and engineering (including construction, architecture and design), renewable energy (solar, wind, waste-to-energy), smart grid and energy efficiency, and environmental technologies (including water/wastewater; air pollution control; and waste management).

Acting Deputy Secretary Gallagher Advocates Increased U.S. Exports through Doing Business in Africa Campaign

Acting Deputy Secretary Gallagher Advocates Increased U.S. Exports through Doing Business in Africa Campaign

Today, Acting Deputy U.S. Commerce Secretary Patrick Gallagher delivered remarks at “From DC to Africa: Growing Local, Going Global,” a business forum hosted by the D.C. Office on African Affairs to raise awareness of opportunities for U.S. companies to do business in Africa. D.C. Mayor Vincent Gray also gave remarks at the forum and introduced Dr. Gallagher.

The event also marks the first anniversary of the launch of the Commerce Department’s Doing Business in Africa Campaign (DBIA) by then-Acting Commerce Secretary Rebecca Blank in Johannesburg, South Africa.

Last year, President Obama issued the U.S. Strategy Toward Sub-Saharan Africa and said the region is poised to be the world’s next greatest economic success story. In fact, sub-Saharan Africa is home to six of the ten fastest-growing economies in the world. U.S. exports to Africa currently top $21 billion a year, and enormous opportunities exist for more U.S. companies to export goods and services there. DBIA works to take advantage of those export and investment opportunities by encouraging more robust commercial engagement in sub-Saharan Africa.

In speaking to an audience of more than 200 local businesses, Acting Deputy Secretary Gallagher emphasized why U.S. companies should see sub-Saharan Africa as an export destination. In the first half of this year, U.S. companies have exported more than $1 billion more in goods exports to the region compared to the same period in 2012. However, U.S. exports to Africa represent only two percent of our total exports.

Dr. Gallagher also highlighted DBIA campaign successes through the work of the Commerce Department and their partner trade agencies in the last year, including holding nationwide outreach sessions with sub-Saharan Africa commercial experts, and bringing hundreds of African companies and buyers to U.S. trade shows in sectors like water, power, oil and gas, and agribusiness. In the second year of the DBIA campaign, the Department of Commerce aims to bring even more potential African partners and buyers to U.S. trade shows, collaborate on the administration’s Power Africa initiative to double access to electricity in sub-Saharan Africa, and address trade barriers in the region.

The DBIA campaign also supports NEI 2.0, an initiative laid out in the Commerce Department’s “Open for Business Agenda,” which aims to revitalize efforts to partner with industry to help businesses become more globally fluent, increase American exports and support the creation of millions of jobs.

SelectUSA Investment Summit Concludes with a Focus on Forging Stronger Global Business Alliances

SelectUSA Investment Summit Concludes with a Focus on Forging Stronger Global Business Alliances

Secretary of Commerce Penny Pritzker wrapped up the inaugural SelectUSA 2013 Investment Summit this afternoon, following two high-impact days of meetings and discussions among senior government officials, major business executives, global economic experts and U.S. economic development officials about strategies to increase foreign direct investment (FDI) in the United States.

Secretary Pritzker also opened the final day of the Summit, where she announced changes to the eligibility requirements for the Manufacturing Council that will allow representatives from U.S. subsidiaries of foreign-owned or controlled firms to become members. The expanded eligibility rules will add new perspectives to the Council, which advises the Commerce Secretary on policies and initiatives to increase FDI in the U.S. manufacturing sector, including SelectUSA.

U.S. Secretary of State John Kerry delivered remarks focused on deepening U.S. economic alliances around the world. Following his address, U.S. Trade Representative Michael Froman moderated a panel with Tennessee Governor Bill Haslam, BMW North America CEO Ludwig Willisch, and Caterpillar CEO Doug Oberhelman on how global companies can use their U.S. operations as an export platform by taking advantage of free trade agreements and bilateral investment treaties. 

Watch the SelectUSA 2013 Investment Summit (Day Two)

View the archived webcast here.

  • Secretary of Commerce Penny Pritzker Opening Remarks
  • Secretary of State John Kerry Keynote Address
  • Why Select the USA: Using the U.S. as an Export Platform
  • Why Select the USA: Taking Advantage of the U.S. Energy Opportunity
  • Secretary of Commerce Penny Pritzker Closing Remarks

Day One at the SelectUSA 2013 Investment Summit

President Barack Obama delivered keynote remarks at the SelectUSA 2013 Investment Summit.

Guest post by Ambassador Vinai Thummalapally, Director of SelectUSA.

Cross-posted from Tradeology, the official blog of ITA.

“There’s no substitute for those three proud words: ‘Made in America.’”

President Obama has been emphatic that the United States remains the best place in the world to do business. Today at the SelectUSA Investment Summit, he reiterated that message to 1,000 business leaders from nearly 60 countries.

“When you bet on America, that bet pays off,” the president said as he closed his keynote address.

Your country is your product when you’re attracting foreign direct investment. At the Summit today, we showed the world that the United States is the absolute best product on the market.

“America is open for business,” said Commerce Secretary Penny Pritzker. “Our market has provided long-term stability and unmatched returns for investors.”

Attendees began making connections as soon as the doors opened. Representatives from 47 states, three territories, and Washington, D.C., showed off investment opportunities around the country.

Treasury Secretary Jack Lew highlighted many advantages a company has when it invests in America – including robust infrastructure and low barriers for entrepreneurs. CEOs from major national and international companies echoed those messages throughout the day.

“We have the most resilient capital markets in the world,” said Larry Fink, CEO of BlackRock.

Andrew Liveris said that when it comes to investment in research and development, “the U.S. is number one.”

Watch the SelectUSA 2013 Investment Summit (Day One)

View the archived webcasts here.

  • Secretary of Commerce Penny Pritzker's Welcoming Remarks
  • Secretary of the Treasury Jack Lew's view of the U.S. and Global Economy
  • Plenary: Why Select the USA: Perspectives on Investing and Operating in the United States
  • President Barack Obama Keynote Remarks

International Trade Administration Streamlines its Business Divisions to Help Companies More Efficiently and Effectively

International Trade Administration Seal

The International Trade Administration (ITA) for the first time in 30 years has fully implemented its first major organizational change.  The change will better align key functions to support U.S. businesses and their workers more efficiently and effectively. The change reflects ITA’s adaptation to the evolution of global markets, technology, and competition.

ITA’s reorganization consolidates its four business divisions into three more efficient and functionally aligned units.  The new units are Global Markets, Industry and Analysis, and Enforcement and Compliance.

The Global Markets unit combines ITA’s country and regional experts, overseas and domestic field staff, and specific trade promotion programs. The unit, which provides U.S. firms with the full suite of country-specific export promotion services and market access advocacy, also promotes the United States as an investment destination.

The Industry and Analysis (I&A) unit brings together ITA’s industry, trade, and economic experts to advance the competitiveness of U.S. industries through the development and execution of international trade and investment policies and promotion strategies. I&A will leverage ITA’s relationships with manufacturing and services industries to increase U.S. exports.

The Enforcement and Compliance unit enhances ITA’s responsibilities to enforce U.S. trade laws and ensure compliance with trade agreements negotiated on behalf of U.S. industry.

United States Department of Commerce Plan for Orderly Shutdown Due to Lapse of Congressional Appropriations

Annual funding for the government expired on September 30. The Administration strongly believed that a lapse in funding should not occur. The Department is prepared for a lapse in funding that would necessitate a significant reduction in operations. Prior to a potential lapse in funding, the Office of Management and Budget (OMB) required the Department to submit a draft plan for agency operations (PDF) in the absence of appropriations (a “shutdown plan”).

The plan may be modified with additional guidance from the Office of Personnel Management and OMB, and may be changed by the Department, as circumstances warrant. This plan (PDF) complies with the guidance provided by the Office of Management and Budget, the Department of Justice and the Department of Commerce. All employees who are Presidentially Appointed, Senate Confirmed will remain on duty.

In compliance with the restrictions of the Anti-Deficiency Act, the Department of Commerce will maintain the following services and activities during a lapse in FY14 appropriations:

• Weather, water, and climate observing, prediction, forecast, warning, and support
• Law enforcement activities for the protection of marine fisheries
• Fisheries management activities including quota monitoring, observer activities, and regulatory actions to prevent overfishing
• Essential natural resource damage assessment activities associated with the Deepwater Horizon incident
• Water level data for ships entering U.S. ports, critical nautical chart updates and accurate position information.
• Patent and trademark application processing
• Operation of the national timing and synchronization infrastructure as well as the National Vulnerability Database
• Maintenance, continuity and protection of certain research property and critical data records
• All services of the National Technical Information Service
• Export enforcement – the ongoing conduct of criminal investigations, and prosecutions, and coordination with other law enforcement and intelligence agencies in furtherance of our national security
• Budget operations required to support excepted activities under a shutdown, such as tracking of obligations and funds control.

The following services and activities will not be available during a lapse in FY14 appropriations:

• Most research activities at NIST and NOAA (excluding real-time regular models on research computers used for Hurricane and FAA flight planning)
• Assistance and support to recipients of grant funding
• Technical oversight of non-mission essential contracts
• Services and activities provided by:
−Bureau of Economic Analysis
−Economic Development Administration
−Economics and Statistics Administration
−Minority Business Development Agency
−Bureau of the Census
• Most services and activities provided by the International Trade Administration

Secretary Pritzker Speaks to Rhode Island Business Owners at Senator Jack Reed’s Rhode Island Business Leaders Day

This afternoon, Secretary Penny Pritzker attended Senator Jack Reed’s Rhode Island Business Leaders Day to affirm that Rhode Island, and America as a whole, are open for business. She noted the role that the Department of the Commerce is playing in helping to fortify the state’s economy by strengthening manufacturing, increasing exports, and making critical infrastructure and economic development investments.

Through the local United States Export Assistance Center, the Department of Commerce is promoting Rhode Island’s exports. Nationwide, U.S. exports hit $2.2 trillion last year, supporting nearly 10 million good-paying jobs. In 2009, Rhode Island exports were just $1.5 billion.  But last year, they hit $2.4 billion – representing a 60% jump. International trade now supports approximately 130,000 jobs in the state.  And exports now support 17% of manufacturing workers in Rhode Island.  Today, Rhode Island has seen growth in export areas like chemicals, machinery, electronics, and textiles, in addition to its biggest export, scrap metal, which often leaves from the Port of Providence.

A recent example is the Warwick-based firm named Astro-Med. They asked the Commerce Department for help entering into new markets in Latin America. They contacted one of our aerospace specialists in our International Trade Administration’s Commercial Service, who helped connect them with Embraer. As a result, just two weeks ago they won a major contract for cockpit equipment from Embraer. This contract means jobs for Rhode Islanders.

Rhode Island Business Leaders Day is an annual event co-hosted by Senator Jack Reed and the Rhode Island Food Dealers Association. Invitees include Rhode Island business owners from the manufacturing, defense, services, and financial sectors, economic development officials, and state politicians. The event consists of speeches and question and answer sessions with members of Congress, cabinet officials and journalists.

Secretary Penny Pritzker Delivers Keynote Remarks at the U.S.-Saudi Business Opportunities Forum

 Secretary Penny Pritzker Delivers Keynote Remarks at the U.S.-Saudi Business Opportunities Forum

Today Secretary Penny Pritzker delivered keynote remarks at the U.S.-Saudi Business Opportunities Forum currently underway in Los Angeles, an event being hosted by the Saudi Committee for International Trade, the U.S.-Saudi Business Council, and the Saudi-U.S. Trade Group. The event brought together approximately 1,200 American and Saudi businesses, government officials, academics and opinion leaders to highlight the U.S.-Saudi commercial and trade relationship and inform participants about business opportunities in Saudi Arabia.

During her remarks, Secretary Pritzker noted that the United States and Saudi Arabia have a strong trade and investment relationship, and last year, trade between our two countries hit all-time record highs. Our bilateral trade is now triple what it was just a decade ago.

Secretary Pritzker also noted that the Commerce Department, over the past four years, has helped more than 450 U.S. companies export to Saudi Arabia for the first time. More such partnerships are expected as Saudi Arabia’s plans for infrastructure growth allow U.S. companies opportunities to team up to build strong and vibrant Saudi communities, she said.

Secretary Pritzker also met with staff from the Los Angeles U.S. Export Assistance Center, which is part of the Department of Commerce’s International Trade Administration (ITA). Her visit with USEAC employees was an opportunity to thank them for their work and part of her ongoing efforts to meet with Department of Commerce employees all over the country.