The U.S. and China delegations pose for photos prior to the start of the 21st annual U.S.-China Joint Commission on Commerce and Trade (JCCT) on December 15, 2010.
This morning, delegations from the United States and China began the 21st annual U.S.-China Joint Commission on Commerce and Trade (JCCT), which is our most important bilateral dialogue for resolving trade and investment issues between the two nations. As co-chairs of the JCCT, the delegations are stewards of the U.S.-China trade relationship, which is robust, supports millions of jobs for our people and is growing in both opportunity and complexity. The discussions between the delegations will help determine how well Chinese and US scientists discover together; how well our businesses collaborate; and how well our governments deal with the growing challenges of the 21st century.
week, Commerce Secretary Gary Locke will convene the 21st annual U.S.-China
Joint Commission on Commerce and Trade (JCCT), which is our most important
bilateral dialogue for resolving trade and investment issues between the two
help set the stage for this meeting, Secretary Locke recently convened a
full-day policy conference at Georgetown
University exploring the
U.S.-China Commercial relationship -- with most discussion panels focusing on finding
ways to resolve the trade disputes that animate so much of the coverage of U.S.-China
is an important discussion. China is the United States’ second-largest
trading partner, with our bilateral trade in goods alone amounting to $365
billion last year. And U.S. exports to China are up more than 24 percent since 2008. Moreover, China
and the U.S.
are currently partnering to find solutions to some of the world's most pressing
problems, including climate change and energy security.
that reason, Secretary Locke made clear that the U.S.
government welcomed continued strong growth in China
as a way for China
to improve the well-being of its citizens. As more and more Chinese move into
the middle class, they will want world-class, American-made goods and that will
mean more jobs here in the U.S.
as our companies work to meet that demand.
Post co-authored by Scott Davis, UPS Chairman and CEO, and
Secretary Gary Locke
Robust and global trade drives the world’s
economic engine. And it’s the quickest and surest way we know to accelerate economic growth, create new
jobs and improve living standards.
freely admit that UPS has an interest here. At any given moment, UPS
handles 6 percent of the U.S. GDP and moves 2
percent of the global GDP. So global trade is important to the future of
UPS, and that holds true for its workers, and for workers across America.
Every 22 packages per day that cross a border supports one job in UPS’s package
That’s why UPS is so supportive of President
Obama’s recent announcement of a landmark trade deal with South Korea,
which is estimated to increase American economic output by more than the last
nine trade agreements combined.
UPS’s logistics and lending services empower
businesses of all sizes to export their goods and services virtually anywhere
in the world, and with the impending passage of this agreement, there will be a
lot more businesses to work
U.S. Commerce Secretary Gary Locke attended the President’s Export
Council (PEC) meeting at the White House today, where he updated PEC members on
the Commerce Department’s efforts to increase U.S. exports and help American
businesses compete globally.
During the meeting, the president announced proposed regulations
to reform the U.S. export control system and strengthen national security.
The Commerce Department’s proposed regulations for dual-use items will
facilitate more robust secure trade with our partners and allies while imposing
new safeguards to ensure that sensitive items are not exported to other
locations without U.S. government authorization.
In addition, the administration launched a new webpage at www.export.gov that will help small- and
medium-sized business comply with U.S. export control requirements by
consolidating, for the first time, the various screening lists maintained by
The President also reiterated the critical importance of export
promotion in spurring job creation and economic growth in the U.S. For
more information on the president’s announcement, please go to: http://bit.ly/hoSGZv.
Last week the US Department of Commerce jointly sponsored a
Policy Conference to discuss the US-China Commercial Relationship with the
Jackson School of International Studies at the University
of Washington, the Henry Jackson
Foundation, and the host of the event, Georgetown University. The event featured a number of panels
composed of experts from all fields discussing the state and future of US-China
policy. The event was bracketed by
welcoming remarks from Commerce Secretary Gary Locke and concluding remarks by General
Counsel Cameron Kerry. Kerry also
participated on the conference’s final panel in a discussion of the Impact of Developments in China’s Commercial
During his remarks, General Counsel Kerry spoke about
the work of his office and the Department of Commerce in developing commercial
rule of law in China. He said, "With the Rule of law, business can predict and plan their investments, research and development, purchases, and sales with greater certainty. Without it, they are left to guess about the costs and benefits of any deal." He discussed the
importance of both the US-China Joint Commission on Commerce and Trade (JCCT) and
the Strategic and Economic Dialogue (S&ED) in fostering a strong bilateral
commercial relationship. He described
the US-China Legal Exchange, a program designed to foster mutual understanding
of the legal regimes governing trade and investment that began in 1983. He also
spoke of his role as co-lead of the Transparency Dialogue, which has led to
greater transparency in Chinese Government decision-making processes, including
the promulgation of rules and regulations and dialogue on transnational
bribery. He sees the role of lawyers in
both countries as crucial to promoting the rule of law.
After his panel, General Counsel Kerry concluded the
conference by addressing the need for a more sustainable, balanced trade with
China. He noted that the two nations are
inextricably linked to each other’s wellbeing and that China
must strive to be as free, fair, and open as the United
States. The conference has
helped to set the stage for the JCCT, which the US
will host in Washington, DC on December 14-15, 2010.
Through the Initiative, the U.S. government will support
renewable energy and energy efficiency (RE&EE) exporters by offering new
financing products, enhancing market access, increasing trade promotion and
improving the delivery of export promotion services to current and future
RE&EE companies. The federal government is also launching a new online
portal as part of the Initiative to provide renewable energy companies easy
access to government export resources, and the Commerce Department is
committing to an increased number of RE&EE trade and trade-policy missions.
Energy is a $6 trillion global market, and clean energy
is the fastest growing sector.
The Initiative is the federal government’s first-ever
coordinated effort to support the promotion of renewable energy and energy
efficiency exports and is designed to facilitate an increase of RE&EE
exports during the next five years, helping to meet the goals of the National
Export Initiative and President Obama’s challenge to become the leading
exporter of clean energy technologies
Commerce Secretary Gary Locke joined Governor and President of the National Association of Manufacturers (NAM) John Engler and
FedEx officials today at the Commerce Department to announce a new partnership
that will help increase U.S.
exports and create jobs in America.
nation’s leading manufacturing association, is the first industry
organization to launch the Department’s New Market
Exporter Initiative (NMEI), which will bolster President Obama’s National Export
Initiative (NEI) by identifying NAM members and FedEx customers who already
export and helping them expand to new international markets by connecting them
with Commerce Department trade specialists.
and FedEx will work with businesses to identify key markets, build market-entry
strategies and provide the guidance needed to take high-quality products and
services from the U.S.
to global markets – building their businesses, increasing American exports and
supporting new jobs at home. Small- and medium-sized companies interested in
expanding into new markets will have access to the free resources and tools
available through a nationwide network of international trade experts and
global shipping specialists. Activities to build awareness will include
outreach at trade shows, direct mail campaigns and online registration for
“We know that American businesses
produce world-class goods and services,” Locke said. “What we can improve is
connecting those businesses to the 95 percent of the world's consumers
living outside our borders. This partnership with the National Association of
Manufacturers will do just that – helping to link manufacturers, especially small-
and medium-sized firms, with new markets abroad.”
play a key role in exports with two-thirds of all manufactured goods
contributing to overall exports. In
2008, American exports accounted for nearly 7 percent of our total employment
and one in three manufacturing jobs.
and business delegates participating in the joint U.S. Economic Development
Administration (EDA)/International Trade Administration (ITA) Clean Technology Trade &
Investment Mission moved on to Brussels, Belgium on Thursday after spending
three very productive days exploring
opportunities to increase exports and attract foreign direct investment in the
United States while in Lyon, France at Pollutec, a tradeshow that
featured the world's leading international exhibit for the environment and
sustainable development markets.
arriving in Brussels, the delegation participated in a reception hosted by U.S.
Ambassador to Belgium, Howard Gutman at the Ambassador’s residence. The
event, hosted by the American Chamber of Commerce Brussels (AmCham) and Xerox
gave the delegates an opportunity to make important international connections
with companies involved in the clean technology sector.
Ambassador Gutman; AmCham President Scot Beardsley; EDA Deputy Assistant
Secretary of Commerce for Economic Development Brian McGowan; and Xerox
Director of Global Services Phillipe Janssens addressed the delegation during
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.
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
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.
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.
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