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Blog Category: International Trade Administration

21st Annual U.S.-China JCCT Photos

U.S. and Chinese Delegations at JCCT

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.

Additional photos attached.

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Secretary Locke Sets the Stage for U.S.-China JCCT at Georgetown Policy Conference

This 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 nations.

To 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 commercial interaction. 

It 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.

For 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.  

Exports Can Spur Our Economy

UPS CEO Scott Davis and Secretary Gary LockePost 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. 

Now we 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 operation.

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 with. 

Secretary Locke Joins President Obama and CEOs to Discuss Progress on the National Export Initiative and Export Control

Secretary Locke Joins President Obama and CEOs to Discuss Progress on the National Export Initiative and Export ControlU.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 different departments.

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.

US - China Commercial Relationship Policy Conference

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 Legal System

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.

 

Read General Counsel Kerry's remarks here.

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Renewable Energy and Energy Efficiency Export Initiative Announced Today

Members of the Renewable Energy and Energy Efficiency Advisory Committee MeetToday Secretary Locke joined seven other U.S. government agencies in launching the Renewable Energy and Energy Efficiency Export Initiative, a coordinated effort to promote renewable energy and energy efficiency exports.

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, NAM and FedEx Join Forces to Boost U.S. Exports

Commerce Department, National Association of Manufacturers, Fedex Join Forces to Boost U.S. Exports

Secretary Locke joined by Sureesh Kumar, Russell Fleming and Gov. John Engler pose after the NMEI press conferenceU.S. 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. NAM, the 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.

Commerce, NAM 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 resource support.

“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.”

Manufacturers 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.

Commerce Department’s Clean Technology Trade & Investment Mission Moves to Brussels, Belgium

U.S. Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan (right) meets with U.S. Ambassador to Belgium, Howard Gutman at the Ambassador’s residence during the U.S. Cleantech Trade and Investment Mission to Belgium.U.S. community 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. 

Upon 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 the function.

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.