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Blog Category: International Trade Administration

Commerce Department’s Clean Technology Trade & Investment Mission Kicks off in France

Community and Business Delegates of the EDA/ITA Clean Technology Trade and Investment Mission in Lyon, France, with U.S. Ambassador to France Charles Rivkin, Assistant Secretary of Commerce for Economic Development John Fernandez, and Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan.The U.S. Commerce Department’s Economic Development Administration (EDA) and International Trade Administration’s (ITA) Commercial Service kicked off its Clean Technology Trade & Investment Mission in Lyon, France, on Monday at Pollutec, a tradeshow that features the world's leading international exhibit for the environment and sustainable development markets. 

The Clean Technology Trade & Investment Mission brings together a mix of U.S. community delegates and businesses to explore overseas opportunities to increase U.S. exports and attract foreign direct investment to the United States, with a focus on advancing the green economy and creating jobs at home. The week-long trip will conclude in Brussels, Belgium, where the delegation will attend a U.S. Embassy reception, NATO cleantech roundtable, and other networking opportunities.

The mission supports President Obama’s National Export Initiative, which aims to help U.S. firms sell their goods and services abroad with a goal of doubling U.S. exports over the next five years in support of several million American jobs.

Click here to read the press release.

September Marks the Fifth Consecutive Month of Double-Digit Travel and Tourism Export Growth

Graph of Change in U..S. Travel and Tourism-Related ExportsInternational travelers spent nearly $12 billion in the U.S. in September

According to newly released data from the Commerce Department, international visitors traveling to the United States pumped an estimated $11.7 billion into the U.S. economy during the month of September, up $1.7 billion compared to the same period last year.  This marks the fifth month of double-digit growth and ninth straight month of overall growth in U.S. travel and tourism exports.  Total travel and tourism-related exports have increased, on average, $1.2 billion a month in 2010. 

“Travel and tourism continues to be one of the bright spots in our economy,” Locke said.  “Continued growth in the tourism sector will help us achieve our goal of doubling exports over the next two years.” 

  • Travel Receipts: Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $9.0 billion during September, an increase of 15 percent when compared to last year. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel. 
  • Passenger Fare Receipts: Fares received by U.S. carriers (and U.S. vessel operators) from international visitors increased by nearly 27 percent to $2.7 billion for the month, an increase of $575 million when compared to September 2009.

International visitors have spent an estimated $100 billion on U.S. travel and tourism-related goods and services year to date (January through September), an increase of 11 percent when compared to the same period last year.

Americans have spent nearly $77.4 billion abroad year-to-date (up four percent)—resulting in a $22.6 billion trade surplus for travel and tourism through the first nine months of 2010.

Secretary Locke Wraps up Fourth Annual Americas Competitiveness Forum in Atlanta

Locke announces 2011 Forum in the Dominican Republic

ACF leaders with Secretary Locke for group photoU.S. Commerce Secretary Gary Locke concluded the Fourth Americas Competitiveness Forum (ACF) in Atlanta today, wrapping up two days of discussions with public and private sector leaders from 34 Western Hemisphere nations. The Forum was concluded with the announcement that the Fifth Annual ACF will be held in the Dominican Republic in October 2011.

"As our economy continues to grow, events like the ACF provide excellent opportunities for the business community to showcase new ideas and technologies, explore new markets, and uncover future opportunities for economic growth and job creation," Locke said. “We hope that the hundreds of public and private sector leaders here will leave with new ideas to foster programs, policies, and partnerships that will improve the economic prosperity of our individual countries and ensure a brighter future for all the people of the region.”

This year’s ACF brought together business leaders and policy makers from 34 Western Hemisphere nations to share best practices for enhancing the competitiveness, innovation, and prosperity of the region. Full release

U.S. Companies Invited to Apply to Join Secretary Locke on Upcoming High-Tech Trade Mission to India

India Trade Mission Graphic

UPDATED: The application deadline for the India Trade Mission has been extended to Friday, December 3, 2010.

Earlier this month in Mumbai, Commerce Secretary Gary Locke announced that he will lead a high-technology trade mission to India next February. The India High Technology Business Development Mission is focused on U.S. companies that offer products or services in the civil nuclear, defense and security, civil aviation, and information communications technology industries and are looking to either expand their current business in India or are interested in entering the market for the first time. 

If you’re interested in participating in the upcoming trade mission, time is running out to apply. If your company meets the participation requirements, complete a mission application by Nov. 30 to join Secretary Locke in New Delhi, Bangalore and Mumbai this February.  Submitted applications will be reviewed by industry and market experts, and final participants will be selected from the most qualified candidates.  Application status notifications will be sent out Dec. 13.

This business development mission will give U.S. companies access to market information and high-level business and government contacts, helping them to solidify international business strategies and advance their projects.  They will meet with prescreened potential business partners, agents, distributors, representatives and licensees, as well as high-level national and local government officials. The agenda will also include networking opportunities, country briefings and seminars.

Learn more about the India High Technology Business Development Mission on the India Mission 2011 homepage or by contacting the Office of Business Liaison at IndiaMission2011[at]doc[dot]gov or 202-482.1360.

Stepping Up Trade Between the U.S. and India Will Mean More Jobs in America and a Better Quality of Life for People in India

Secretary Locke is signing the Energy Cooperation Program MOU with Indian Planning Commission Deputy Chairman Montek Singh Ahluwalia. The ECP is a partnership that brings together U.S. and Indian companies and both two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

[Upon return from Asia, Secretary Locke wrote this blog post about the importance of the upcoming trade mission to India in February.]

President Obama and members of his Cabinet, including myself, have completed a trip to India to take the relationship between our two countries to a new level. We were there because we see real opportunities -- both for American workers and businesses and the people of India. U.S. firms can work with Indian companies to help meet the ambitious economic and social goals laid out by its government. And we can do that by increasing trade between our nations, selling more of America’s world-class goods and services to businesses and consumers in India.

Two-way trade between our nations last year was $38 billion, and exports to India have quadrupled in the last seven years. I expect this upward trend to continue. But we have to do more to connect U.S. companies with Indian consumers and partner firms. To that end, President Obama and I announced a high-tech trade mission to India in early February, making stops in Mumbai, New Delhi and Bangalore. Companies interested in participating can visit www.trade.gov/IndiaMission2011 for more information.

As Secretary Chu noted during his trip to India last year, due to the increasing demand for energy by India’s emerging middle class, India could become a major export destination for solar panels and wind turbine components manufactured in the United States. That’s why I’m proud we announced the launch of the Energy Cooperation Program. This partnership brings together U.S. and Indian companies and our two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

Stepping up trade and collaboration between the U.S. and India will mean more jobs in America and a better quality of life for people throughout this fast-growing democracy at the heart of the Obama administration’s renewed engagement in Asia.

Secretary Locke Discusses Sustainable Economic Growth at APEC SME Summit in Japan

Secretary Locke Speaks at the APEC Small And Medium Sized Business Summit

Delivering remarks at the Asia-Pacific Cooperation (APEC) Small and Medium Enterprises (SME) Summit in Yokohama today, U.S. Commerce Secretary Gary Locke spoke about the efforts APEC is making to build an environment more conducive to job growth and innovation, and how business leaders must assume more responsibility to do the same.  

The Summit was hosted by the Japanese Chamber of Commerce and Industry (JCCI), which represents 515 local chambers of commerce and industry and boasts 1.35 million members all over Japan. More than 95 percent of its members are SMEs.

As the U.S. representative to the APEC SME working group, Locke highlighted the steps the U.S Commerce Department is taking to promote opportunity and job creation throughout the Asia-Pacific region – from cultivating the development of small- and medium enterprises to addressing innovation and intellectual property rights.  He also called on the assembled business leaders to get more involved in communicating to political leaders and other stakeholders what they do, how they contribute to their community, and what policies they need to succeed.  The Secretary also talked about the increasing importance of corporate social responsibility in helping businesses prove their value to the communities where they operate.

Secretary Locke Speaks at U.S.-India Business and Entrepreneurship Summit, Announces Forthcoming Trade Mission to India

Delivering remarks at the U.S.-India Business and Entrepreneurship Summit in Mumbai today, Commerce Secretary Gary Locke discussed ways the U.S. and India can work together to promote trade that creates opportunity and jobs in both nations.

Locke remarked on the potential for a bilateral clean energy partnership, as well as the opportunities for American companies to help meet India’s healthcare and infrastructure needs.

At the Summit, Locke announced he will lead a high-tech trade mission to India. The February 6-11, 2011 business development mission will promote the export of high-technology products from leading U.S. firms and make stops in New Delhi, Mumbai, and Bangalore. The second trade mission led by Locke, it will highlight export opportunities for U.S. businesses in a broad range of advanced industrial sectors, including civil-nuclear trade, defense and security, civil aviation and information and communication.

Exports represent a critical part of the economy and are a key component of the Obama administration’s efforts to spur new job creation. Earlier this year, President Obama outlined his National Export Initiative (NEI), which seeks to double exports by 2015, in support of several million new U.S. jobs. The NEI enhances the U.S. government’s trade promotion efforts, increases available credit for businesses – especially small and medium-sized businesses – looking to export and continues to improve efforts to remove trade barriers for U.S. companies in foreign markets. Remarks

Commerce Department Continues Focus on Expanding Markets for U.S. Exports

Secretary Gary Locke will join President Obama in India this week, where they will work to deepen bilateral economic cooperation between the two countries on a regional and global level. Continuing to expand bilateral economic ties with India is an important step toward achieving the goals of the president’s National Export Initiative, which aims to double U.S. exports within the next five years in support of several million U.S. jobs.

While in Mumbai, Locke will participate in the U.S.-India Business and Entrepreneurship Summit. He will then travel to New Delhi, where he will give a keynote address at a Federation of Indian Chambers of Commerce and Industry and the American Chamber of Commerce event.  In 2009, U.S. trade with India totaled $37.6 billion, and trade this year has already reached $32.4 billion through August.

Watch this video to hear from small business owners about their experiences partnering with the Department of Commerce.

Secretary Locke Speaks with Silicon Valley Leadership Group on Obama Administration's Efforts to Foster Innovation

U.S. Commerce Secretary Gary Locke delivered remarks at the Silicon Valley Leadership Group (SVLG)’s annual luncheon today, emphasizing the steps the Obama administration has taken to turn around the U.S. economy and create jobs. Locke stressed the administration’s efforts to build a stronger foundation for long-term growth and prosperity by investing in research and development, a 21st century infrastructure and manufacturing, and underlined Silicon Valley’s role as the epicenter of technological innovation.

Sec. Locke wanted it to be known that “when it comes to new ideas, our only criterion is efficacy. It doesn’t matter if they come from the left or the right, the boardroom or academia. We simply will not rest until every American who wants a job can find one.”

Locke emphasized that President Obama’s proposed 2011 budget, while freezing domestic discretionary spending overall, actually increases funding for civilian R&D by nearly 6 percent. Also, he noted President Obama’s support a new business tax cut that will allow small businesses to deduct the full amount of new capital investments immediately.

Locke also highlighted President Obama’s National Export Initiative (NEI), which aims to double U.S. exports over the next five years in support of several million American jobs. The NEI will provide more funding, more focus and more Cabinet-level coordination to increase U.S. exports, and represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.

Remarks

Secretary Locke Keynotes AdvaMed 2010 Conference

Locke on podium during remarksSecretary Gary Locke addressed national and international medical device and technology leaders today at the AdvaMed 2010 Medical Technology Conference at the Washington Convention Center in Washington, D.C. In his keynote remarks, he discussed the Commerce Department's efforts to expand exports of medical devices and technologies and grow U.S. jobs.

“Each new medical discovery creates and sustains demand for further innovations, which fuel our national health, prosperity and productivity, and contribute to global well-being,” Locke said.

He also acknowledged the important work being done to cultivate industries and lines of scientific discovery that provide long-term benefits to society, spur sustainable innovation and create jobs and new businesses.

AdvaMed is the world’s largest medical technology association, with diverse member companies that produce medical devices, diagnostic products and health information systems.  Other conference keynote speakers included U.S. Rep. Erik Paulsen of Minnesota, CBS Evening News anchor Katie Couric, Centers for Medicare and Medicaid Services Administrator Dr. Donald Berwick, and U.S. Food and Drug Administration Commissioner Dr. Margaret Hamburg. Remarks