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Blog Category: International Trade Administration

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.

Secretary Penny Pritzker Visits APS Technology

Today, U.S. Commerce Secretary Penny Pritzker visited APS Technology (APS) in Wallingford, Conn., as part of her nationwide listening tour. Secretary Pritzker is traveling across the country meeting with business leaders and entrepreneurs to discuss how the administration and the Department of Commerce can work with the private sector to help strengthen the economy and create jobs.

First, Secretary Pritzker toured APS’ facilities with company executives, including APS President Bill Turner and Senior Vice President Denis Biglin, along with Connecticut Governor Dannel Malloy. She was able to see some of the company’s projects, which include a variety of drilling tools that are used by the oil and gas industry.

APS started in 1994 providing contract engineering services and has experienced tremendous growth to become a leading provider of products to the oil and gas drilling industry around the world. APS has grown from 79 employees in 2008 to more than 300 employees, including 265 in the U.S. The company’s exports now account for 85 percent of their business. 

Global Investment is Important to the American Economy

The Department of Commerce is Open for Business

Guest blog post by Secretary of Commerce Penny Pritzker

Since I was confirmed as Secretary of Commerce, I’ve been meeting with business leaders, entrepreneurs, and foreign leaders to let them know that America is “open for business.” The United States is one of the most desirable places to do business; our $16 trillion economy, with its productive workforce and diverse consumer base, could not do what it does without domestic as well as foreign investment. Yesterday, I participated in the White House Forum (Forum) on Global Investment to highlight the administration’s support for, and benefits of, foreign direct investment (FDI) in the United States. 

For the meeting, I was joined by Acting Deputy Secretary of Commerce Pat Gallagher, Under Secretary of Commerce for International Trade Francisco Sánchez, Assistant Secretary of State for Economic and Business Affairs Jose Fernandez, and 21 foreign ambassadors and representatives to highlight the United States’ whole-of-government approach to attracting foreign direct investment.

Part of our discussion focused on the growth of FDI in sectors such as manufacturing, machinery, and scientific and technical services. In fact, FDI in the United States totaled nearly $168 billion last year. And just recently, the consulting firm A.T. Kearney published its annual FDI Confidence Index, with the United States ranked #1 on this list for the first time since 2001.

Readout of U.S. Commerce Secretary Penny Pritzker’s Visit With Commerce Employees in Denver, Colorado

Secretary Penny Pritzker Meets with Commerce Employees in the Denver Office

While in Denver, Colorado, as part of her nationwide listening tour, Secretary Pritzker met with the heads of the Commerce Department’s local offices, including: International Trade Administration’s U.S. Export Assistance Center (USEAC), the Economic Development Administration (EDA), the National Institute for Standards and Technology’s Manufacturing Extension Partnership (NIST MEP), the Patent and Trademark Office (PTO), the U.S. Census Bureau, the Inspector General (IG), and the Minority Business Development Agency (MBDA). In addition to these meetings, she also spoke to employees about their work and ways in which their efforts are supporting economic growth and development in Colorado.

Today’s discussion in Denver served as an extension of an employee town hall she held yesterday in Boulder. The secretary emphasized how their work is crucial to creating a better quality of life for Americans and more opportunities for entrepreneurs and businesses. She also asked employees for their input in the department’s ongoing efforts to protect, promote, and inform what America needs to be competitive and innovative in the 21st century.

These employee engagement opportunities are part of the secretary’s overall efforts to serve as a bridge to the business community so that the public and private sectors can work together to create jobs and opportunities for all Americans.

Proposed Cuts Hurt Job Creation, Economy, and the Middle-Class

The President has been clear that Republicans in Congress should work with Democrats to finish a budget that cuts wasteful spending while investing in jobs, the economy, and middle class families. Until Congress reaches a budget agreement, the President will not sign individual appropriations bills that simply attempt to enact the House Republican budget into law. That would hurt our economy and make draconian cuts to middle class priorities.

The House Commerce, Justice, Science appropriations bill demonstrates just how damaging the overall spending limits imposed by House Republican leadership are. The bill would cut $1 billion from the President’s request for the Department of Commerce, requiring a halt to investments in areas designed to help grow the economy, create jobs, and strengthen the middle class. The bill cuts more than $70 million from the International Trade Administration, which prevents placement of Foreign Commercial Service Officers in priority markets to help U.S. companies expand exports. That cut also limits our ability to attract foreign investment.  Instead of building on the momentum of resurgent American manufacturing as the President did in this budget, the bill terminates the Advanced Manufacturing Technology Consortia, which is helping the industry identify long-term manufacturing needs, and it cuts $33 million from the President’s request for the Manufacturing Extension Partnership (MEP). The MEP program is a federal-state partnership, which consists of centers located across the country that work directly with their local manufacturing communities to strengthen the competitiveness of our nation's domestic manufacturing base.