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Blog Category: 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.

Secretary Pritzker Tells Employees in the Northwest their Efforts are Key to American Innovation

Secretary Pritzker today in Seattle kicked-off her first visit to the Northwest as Commerce Secretary by visiting with EDA employees and employees from U.S. Export Assistance Center (USEAC), part of the International Trade Administration (ITA), U.S. Patent and Trademark Office (PTO) and Office of Inspector General (OIG). The secretary's visit is part of her latest stop on a nationwide listening tour and was an opportunity to thank the employees for their work for the Department of Commerce. 

At the meeting, the Secretary told employees gathered at the EDA regional office that the common thread in the bureaus throughout the department is working together to protect, promote, anticipate and inform what America needs to be competitive and innovative in the 21st century. This is the mission of the Commerce Department.

Secretary Pritzker praised the agencies in attendance for the great work they are doing in the region.

  • U.S. PTO patent examiners were spotlighted for helping Americans turn ideas into businesses quickly, even as PTO has had several straight years of 5 to 7 percent increases in patent applications.
  • The Seattle U.S. Export Assistance Center was praised by the Secretary for their work in industries like aerospace and defense which has proven to be crucial in growing exports and reaching record breaking numbers in the first half of this year. Recent Commerce data show that exports support nearly 40% of all manufacturing workers in Washington.
  • EDA’s regional office was acknowledged for their efforts in serving 8 states and a number of territories. EDA funds helped build a Pipeline Training Center in Alaska, expand a fiber optic network in California and launched several of new Jobs Accelerators. 
  • And, the Inspector General’s office was recognized for the crucial role they play. From reviewing NOAA’s fisheries enforcement efforts, climate monitoring systems, and other NOAA programs, their work ensures the Department is doing the best possible job.

Secretary Pritzker concluded her visit by encouraging the employees to continue their great work. She believes America is more competitive than ever before. Over the past 41 months, 7.3 million jobs were created. She said the Commerce Department’s goal is to accelerate that momentum through the great work of Commerce employees in the Northwest region, throughout the country, and across the world.

Confirming the Partnership Between the United States and Asia

Industry representatives from nations within the Asia-Pacific region attend a business ethics workshop with the Malaysian Anti-Corruption Academy in August 2013.

The Department of Commerce has taken advantage of several opportunities to support its commitment to Asia, an important region with some of the world’s fastest growing economies.

Under Secretary of Commerce for International Trade Francisco Sánchez visited Brunei this month for the Association of Southeast Asian Nations (ASEAN) Business and Investment Summit. His message to the Summit was that ASEAN remains an important partner to the United States and a key player in the global marketplace.

As ASEAN looks to form an integrated economic community, the United States wants to make sure every nation in the region understands America’s commitment to ASEAN and the broader Asia-Pacific region. The United States and ASEAN are working within the Expanded Economic Engagement framework, designed to expand trade and investment ties and create new business opportunities and jobs in all eleven countries.

The United States and the Commerce Department support the important initiatives ASEAN is taking on to support the competitiveness of small and medium-sized enterprises (SMEs). All governments in the region are actively working to put greater emphasis on protecting intellectual property and enforcing intellectual property rights. This encourages innovation, as it ensures that SMEs will be able to profit from their ideas without worry of them being compromised.

Secretary Pritzker Meets With Commerce Employees in Houston

Secretary Penny Pritzker meets with Houston-area Commerce Employees.

While in Houston, Texas today, Secretary Pritzker visited a U.S. Export Assistance Center (USEAC), part of the International Trade Administration (ITA), and met with USEAC employees and employees from the Bureau of Industry and Security’s (BIS) Houston field office. The secretary's visit was part of her latest stop on a nationwide listening tour and was an opportunity to thank the employees for their work for the Department of Commerce. 

USEACs are the domestic arm of ITA’s U.S. Commercial Service, which is comprised of an extensive network of trade specialists located in more than 100 U.S. cities and 80 countries worldwide. The specialists help American companies start exporting or expand their international business presence. Specific services include: world class market research; trade events that promote companies’ product or service to qualified buyers; introductions to buyers and distributors; and counseling and advocacy through every step of the export process.The Houston USEAC in particular has been working with companies in the energy, information technology and transportation sectors to support and increase U.S. exports.

The secretary also met with representatives from BIS’ Houston field office. The Houston office’s mission is to protect U.S. national and domestic security, foreign policy and economic interests. BIS operates a law enforcement program focused on sensitive exports to hostile entities or those that engage in onward proliferation, prohibited foreign boycotts and related public safety laws. The office accomplishes its mission through preventative and investigative enforcement activities and then pursuing appropriate criminal and administrative sanctions against export violators.

Secretary Pritzker Visits Universal Studios Orlando and Speaks with Leading Executives of Travel and Tourism Companies

Secretary Penny Pritzker at Universal Studios Wizarding World of Harry Potter with COO Bill Davis (left) and John Sprouls, Executive VP (right)

Today, as part of her nationwide listening tour, Secretary Penny Pritzker toured Universal Studios Orlando with Bill Davis, President & COO, Universal Orlando and John McReynolds, SVP External Affairs, Universal Parks and Resorts and held a roundtable with Presidents and CEOs of local travel and tourism companies. Orlando is home to a vibrant travel and tourism industry that doesn’t contribute just to the state of Florida’s economy, but to the nation’s economy as a whole. In fact, international travel is the country’s largest service export with the travel and tourism industry accounting for nearly $1.4 trillion to the U.S. GDP and providing more than 7.5 million jobs for American workers, according to the Department of Commerce.

According to the Orlando Tourism Bureau, in 2011, Orlando benefited from $31.7 billion in visitor spending. Orlando was the fifth most visited U.S. city in 2011 with 2.8 million international visitors and Florida ranked third among states in 2011 with 5.7 million international visitors.

During the roundtable, Secretary Pritzker not only discussed the value of the travel and tourism industry to the overall American economy, but also the key role the Commerce Department plays in supporting and promoting the United States as the premier destination for international travelers. In fact, the Department’s NOAA manages the nation’s marine sanctuaries – a great destination for marine life lovers and history buffs.

Investing in Our Economic Future: SelectUSA 2013 Investment Summit

SelectUSA 2013 Investment Summit Logo

Guest post by Mara Lee, Deputy Director of Public Affairs at the International Trade Administration. Cross post from Tradeology.gov, the official blog of the International Trade Administration

You don’t have to look far to find something in your life that is produced by an international company operating in the United States. It might be the dishwasher in your kitchen, the brake pads on your car, or the elevator in your apartment building.

You also won’t have to look far to find jobs supported by foreign direct investment (FDI) in the United States. There are more than five million of them throughout the country, covering every state in both rural and urban communities.

Those are five million reasons why FDI is an important ingredient in the recipe for continued economic growth in the United States.

President Obama has made it a priority to attract more FDI to the United States, helping support more jobs and economic growth. A key tool in his efforts is the upcoming SelectUSA Investment Summit.

The Summit will connect global investors with U.S. leaders who are ready to showcase local investment projects. Economic development organizations from 15 states have already confirmed attendance at the event, offering myriad investment opportunities around the country.

Secretary of Commerce Penny Pritzker also announced an impressive lineup of government and business leaders to share important lessons about the advantages of investing in the United States – advantages ranging from our educated workforce, our relatively low energy costs, and the long history of ingenuity, innovation, and entrepreneurship that is synonymous with the “Made in America” label.

U.S. Secretary of Commerce Announces First Business Development Mission to Mexico

Secretary of Commerce Penny Pritzker recently announced that she will lead her first business development mission to Mexico City and Monterrey, Mexico from November 18-22, 2013. This mission will promote U.S. exports to Mexico by helping export-ready U.S. companies launch or increase their business in a number of key industry sectors, including: advanced manufacturing, information and communications technology, and health IT and medical devices.

In announcing the mission, Secretary Pritzker said, “Exports are an essential component for spurring growth and creating jobs in America. The United States and Mexico have strong business ties and increasing opportunities for trade and collaboration between our two nations will help bolster economic success across our border.” 

Earlier this summer, President Obama and President Peña Nieto met to underscore and discuss the strategic importance of the bilateral relationship between the United States and Mexico. In so doing, they noted the potential for mutual economic gains by strengthening commercial ties between our countries.

Commerce Department Data Show U.S. Travel and Tourism Exports Contributed $87.1 Billion to U.S. Economy in First Six Months of 2013

Report cover: National Travel and Tourism Strategy

The U.S. Department of Commerce’s International Trade Administration announced new data today that shows spending by international visitors to the United States in June 2013 totaled $14.6 billion, an increase of 5 percent when compared to June 2012.  International visitors have spent an estimated $87.1 billion on U.S. travel and tourism-related goods and services year-to-date in 2013 (January through June), an increase of 7 percent when compared to the same period last year.

Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $67.0 billion during the first half of 2013. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel.  Fares received by U.S. carriers (and U.S. vessel operators) from international visitors totaled $20.1 billion during the first half of 2013. The United States enjoyed a favorable balance of trade for the month of June in the travel and tourism sector, with a surplus of more than $4.3 billion.

The increase in international tourism to the United States is helping to achieve the goals of the National Travel and Tourism Strategy, launched last year by the Commerce Department and the Department of the Interior. The Strategy establishes an overarching goal of increasing American jobs by attracting and welcoming 100 million international visitors annually by the end of 2021, who are estimated to spend $250 billion while traveling in and getting to the United States. Release

Why is Everyone Talking About Africa?

President Obama and Senegal President Sall at press conference. Photo by White House, Pete Souza.

Claudia Easton is an intern in the International Trade Administration’s Office of the National Export Initiative and Trade Promotion Coordinating Committee. She’s studying Economics and Political Science at Amherst College. Cross-posted from Tradeology.

With the President’s recent trip to Senegal, Tanzania and South Africa, as well as the announcement of two new trade initiatives, the spotlight is on Africa – and with good reason.

While speaking at the Business Leaders Forum in Tanzania, President Obama spoke of beginning a new level of economic engagement with Africa. The Doing Business in Africa Campaign (DBIA) is part of the president’s strategy, and the International Trade Administration (ITA) is proud to join other government agencies to support  DBIA initiatives that are helping U.S. businesses compete on the continent.

Trade Africa aims to facilitate expanded trade on the continent. Its initial focus will be on the East African Community (EAC), a market with increasingly stable and pro-business regulations. The plan will support increased U.S.-EAC trade and investment, EAC trade competitiveness, and regional integration. The United States seeks to expand this initiative to other regional economic communities on the continent.

Power Africa is intended to build on Africa’s enormous power potential to expand electricity access to the more than two-thirds of the population that is without power. The President pledged $7 billion in U.S. government support, in addition to $9 billion in private money, over the next five years to double access to electricity in sub-Saharan Africa. Power Africa will help attract investment in Africa’s energy sector, build capacity for reform in the energy sector, and encourage transparent and responsible natural resource management.