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Blog Category: International Trade Administration

57 U.S. Companies and Organizations that Export Goods or Services Honored at the 2013 President’s “E” Awards Ceremony

Acting Commerce Secretary Rebecca Blank Honors More Than 50 U.S. Companies for Export Successes While Kenneth E. Hyatt, Acting Deputy Under Secretary for International Trade, Looks On

Acting Secretary of Commerce Rebecca Blank today honored 57 U.S. companies and organizations that export goods or services at the 2013 President’s “E” Awards ceremony. This year marks the 51st anniversary of the “E” Awards, which recognize significant contributions to increasing American exports. Today’s set of honorees, many of which are small- and medium-sized enterprises, was the largest group in three decades to receive this distinguished award.

Winners of the 2013 “E” Awards represent diverse communities from 22 states across the country. They hail from places like Gilman, Conn., Cleveland, Ohio, Eagan, Minn., Parsons, Kan., Broussard, La. and Vacaville, Calif. Of the honorees recognized at today’s ceremony, 47 are small- or medium-sized enterprises, 33 are manufacturers, and 31 fall into both categories.

There are four categories in which companies can receive an award. This year, 37 companies were honored with the “E” Award for Exports for demonstrating a sustained increase in export sales over several years. Twelve companies that assist and facilitate export activities were honored with the “E” Award for Export Service. Five firms received the “E” Star Award for Exports, which recognizes previous “E” Award winners who have shown four years of additional export growth. Finally, three were awarded the “E” Star Award for Export Service, which recognizes previous “E” Award winners that have shown four years of continued support of exporters since first winning the “E” Award. Two companies are receiving the “E” Star Award for Exports for the second time, a first in the fifty-one year history of the program. Complete list of  “E” Award and "E" Star Award winners.

Acting Secretary Blank Highlights Success of the U.S.-Panama Trade Promotion Agreement

De. Blank seated at speakers' table at AmCham Panama

Exports are critical to supporting American jobs and helping U.S. businesses grow.  Increasing international trade is one of the Commerce Department’s top priorities.  U.S. Acting Commerce Secretary Rebecca Blank wraps up her week-long Latin American trade mission in Panama this week which highlighted the importance of the bilateral trade relationship between the two countries. In her remarks before the American Chamber of Commerce (AMCHAM) Panama today, Acting Secretary Blank marked the success of the U.S. Panama Trade Promotion Agreement (TPA), which went into effect on October 31, 2012 and is a key component to increasing bilateral trade between the two countries.

Panama’s economy has seen double-digit growth over the past two years and continues to be a critical market for U.S. exporters. Between 2011 and 2012, the total volume of trade between the United States and Panama grew by 21 percent, reaching a total of $10.5 billion. With the implementation of the TPA, more than 87 percent of U.S. exports of consumer and industrial exports immediately became duty-free. Prior to the TPA implementation, Panama’s average tariff rate on U.S. industrial goods was higher than seven percent, with some tariffs reaching 81 percent.

Panama Canal Expansion Offers Opportunity for U.S. Companies to Serve as Partners with Panama

Dr. Blank seated at control panel of Panama Canal

As a part of her trade mission to Brazil, Colombia, and Panama this week, Acting Secretary of Commerce Rebecca Blank met today with Jorge Quijano, Panama Canal Administrator, and Roberto Roy, President of the Panama Canal Board and the Panama City Subway, to discuss the Panama Canal Expansion Project and infrastructure spending related to Panama City’s Metro Rail Project. These meetings aim to strengthen longstanding U.S.-Panama ties by promoting greater cooperation between the two countries on infrastructure development.

Panama is a longstanding friend and ally to the United States, and the country’s strategic location as a major shipping route makes it an important economic partner as well. The Panama Canal currently handles five percent of the world’s trade, and approximately two-thirds of the Canal’s annual transits are bound to or from ports in the United States.

In order to allow greater container capacity, the Panama Canal Authority has decided to invest over $5 billion to expand the Canal. The expanded Canal will accommodate larger vessels that cannot transit now, introducing a new line of business that Panama projects will gradually increase annual profits to $3 billion. 

Autodesk Promotes Increasing Infrastructure Investment and Use of Technology During Latin America Trade Mission

Photo of Amar Hanspal

Autodesk Promotes Increasing Infrastructure Investment and Use of Technology During Latin America Trade Mission

Guest Blog Post by Amar Hanspal, Senior Vice President of Information Modeling products, Autodesk Inc.

Ed note: Autodesk is a $2 billion design and engineering firm with tens of millions of customers around the world. Autodesk’s portfolio of software empowers organizations of all sizes, creative visionaries, students and consumers to conceptualize, analyze, simulate and communicate their ideas and make them real. Autodesk’s software has been used to create the world’s most compelling media and entertainment, including the last 18 Academy-award winning films, and solve the most complex global design, engineering and sustainability challenges.

Autodesk is honored to be a part of this trade mission to Latin America.  As a company, we are committed to helping this region build, or rebuild, its critical infrastructure. This mission affords us an opportunity to meet with government and private sector leaders and develop long-term, strategic relationships with the Embassies and U.S. Foreign Commercial Service representatives. We are proud of the early progress already made in just a couple days of meetings.  Working together we have been able to identify near and long-term opportunities and connect with key leaders and decision makers to drive critical, infrastructure-related discussions forward. 

So, why is Autodesk involved?

Acting Secretary of Commerce Rebecca Blank Commemorates the Anniversary of the U.S.-Colombia Trade Promotion Agreement

One of the Commerce Department’s top priorities is to strengthen the economic ties between the United States and our trading partners. One year ago today, the ties between the United States and Colombia became much stronger with the implementation of the U.S.-Colombia Trade Promotion Agreement, which Acting Secretary of Commerce Rebecca Blank marked during her remarks today at a luncheon hosted by the American Chamber of Commerce and the Counsel of American Companies (CEA) in Bogotá, Colombia. 

Prior to the implementation of the Trade Promotion Agreement, also known as the U.S.-Colombia FTA, the average tariff rate on U.S. industrial exports to Colombia was higher than 10 percent. The agreement immediately eliminated tariffs on more than 80 percent of U.S. consumer and industrial exports to Colombia when it took effect last year, with the remaining tariffs being phased out within 10 years. This makes it easier for U.S. firms to export to Colombia. In fact, from June 2012 through March 2013, U.S. goods exported to Colombia have increased 19 percent compared to the same period in the year before. In 2012, U.S. goods exports to Colombia reached $16.4 billion and made up nearly a quarter of all Colombia’s imports of goods. 

Colombian firms have also benefited from the Trade Promotion Agreement, which experts estimate could create hundreds of thousands of Colombian jobs over the next few years. Under this agreement, more than 600 Colombian companies have started exporting to the United States for the first time, and Colombia continues to experience a trade surplus with the United States, its largest trading partner. 

Due in part to the Trade Promotion Agreement, U.S. businesses are increasingly interested in exploring trade with Colombia. The 20 firms accompanying Acting Secretary Blank on her trade mission this week represent just a snapshot of the U.S. business community that is looking for new opportunities to invest in Colombia. 

The U.S.-Colombia Trade Promotion Agreement is one tool helping the United States work toward the goals of President Obama’s National Export Initiative, a government-wide strategy to promote American exports and support an additional 2 million export-related jobs by the end of 2014. By working together, the United States and Colombia have successfully fostered economic growth and strengthened the relationship between both countries. The Commerce Department is committed to further strengthening this relationship by encouraging increased trade and creating more economic development opportunities for businesses in both countries. 

For more information about the U.S.-Colombia FTA, visit http://www.trade.gov/press/press-releases/2013/colombia-factsheet-051513.pdf

Acting Secretary Blank Meets with Brazilian CEOs, Promotes SelectUSA Investment Summit

Acting Secretary Rebecca Blank is joined by Josué Gomes Da Silva, Chairman and CEO, Coteminas and Marcelo Bahia Odebrecht, President of Construtora Norberto Odebrecht S.A. at a Roundtable with Brazilian CEOs

Yesterday, Acting Secretary Blank met with a group of Brazilian CEOs to hear their priorities for doing business with the U.S. and to propose possible areas for close collaboration with American businesses. One area in which U.S. and Brazilian firms can work together is on infrastructure development, which is one reason why Acting Secretary Blank is currently leading a trade mission of 20 U.S. firms in a wide range of infrastructure industry sectors to Brazil, Colombia and Panama. These companies offer everything from cutting-edge technologies to top-notch services in engineering, management consulting, and more -- and they are well equipped to help Brazil meet its robust goals for infrastructure improvements.

Acting Secretary Blank emphasized the importance of a strong bilateral investment relationship -- many global manufacturers, including some in Brazil, are now looking to return manufacturing operations to the U.S., to expand operations here, or to invest in the U.S. for the first time. That´s because there are a host of factors that make America a very attractive place to do business: low domestic energy costs and a stable supply of energy, high labor productivity, strong research institutions that can serve as partners in developing new products, intellectual property protections, and a stable business investment environment.

International Visitors Spent $14.4 Billion in the United States in March 2013

Firs-quarter U.S. Travel and Tourism exports contribute $43 billion to the U.S. economy

U.S. Deputy Secretary of Commerce Rebecca Blank highlighted new data today that shows spending by international visitors to the United States in March 2013 totaled more than $14.4 billion, an increase of nearly 3 percent when compared to last year. International visitors spent $43 billion on travel to, and tourism-related activities within, the United States during the first quarter of 2013. The data release coincides with National Travel and Tourism Week, celebrated each year to recognize the positive impact the industry has on our economy.


“International travel and tourism represents our country’s largest services export,” said Deputy Secretary Blank. “So far this year, international visitor spending in the United States has markedly outpaced U.S. spending abroad by more than $13 billion, which continues our momentum from 2012’s record-setting year. Likewise, last week’s jobs report showed continued strong job growth in the leisure and hospitality industry.  Travel and tourism is an important sector of our economy, which is why we are continuing to increase our efforts to attract more international tourists to vacation in the United States.” 

Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $11 billion during March. 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 also increased by nearly 3 percent to $3.4 billion for the month, an increase of $70 million when compared to March 2012. Overall, the United States enjoyed a favorable balance of trade for the month of March in the travel and tourism sector, with a surplus of $4.2 billion. Full release

Celebrating World Trade Throughout May

Cross post from Tradeology, the official blog of the International Trade Administration

The following blog post was written by Francisco J. Sánchez, Under Secretary of Commerce for International Trade

May brings warmer weather, longer days, and, most importantly for us at the Department of Commerce, World Trade Month. For years, this has been a special time to reflect on the importance of trade to our nation’s economic well-being.

Over the past few months, we’ve discussed what an important year 2012 was for exports and our  economy: a record-setting $2.2 trillion in overall exports, 10 percent annual growth in tourism-related exports, and 9.8 million U.S. jobs supported by exports.

World Trade Month is an occasion to recognize the past year’s successes while looking ahead to new ways to expand exports and build a stronger economy. It’s a month for us to recognize what we know all year long: that exports are a key to our long-term economic health.

The month of May will provide many opportunities to do just that. Events and observances to look out for include:

  • National Travel and Tourism Week, a celebration of that industry’s contributions to the U.S. economy, will take place from May 4-12.
  • On May 16, the Small Business Administration and Denver U.S. Export Assistance Center will co-sponsor the 40th Annual World Trade Day.
  • May 19 will bring the start of World Trade Week, a tradition dating back to 1927 and marked by a Presidential proclamation.
  • During that week, the President’s annual “E” Awards will be presented to leading U.S. exporters.

Have a question about getting started in exporting? Twitter chats throughout the month will offer chances to learn about exporting and pose questions to government agencies involved in President Obama’s National Export Initiative.

We invite you to check this post or our World Trade Month category for regular updates on these and other events. You can also visit our Facebook page or follow us on Twitter.

As we kick off World Trade Month 2013, our team looks forward to continuing to support our nation’s exporters as they build things here and sell them everywhere.

Deputy Secretary Blank Announces 20 Companies Joining Infrastructure Business Development Trade Mission to Brazil, Colombia and Panama

U.S. Deputy Secretary of Commerce Rebecca Blank today announced the 20 companies that will join her on an infrastructure business development trade mission to Sao Paulo, Brazil; Bogota, Colombia; and Panama City, Panama from May 12-18, 2013. The governments of these countries have each outlined ambitious infrastructure development plans for the years ahead, and this trade mission will help U.S. companies in a broad range of infrastructure industry sectors make the connections they need to expand their business opportunities in Brazil, Colombia and Panama.

The trade mission will support President Obama’s National Export Initiative, a government-wide strategy to promote American exports and create 2 million export-supported jobs by the end of 2014. Last year, exports hit another all-time record, reaching $2.2 trillion. And, between 2009 and 2012 exports have supported 1.3 million additional jobs.

The mission will also highlight the successes in the U.S. trade relationships with Colombia and Panama, specifically, since free trade agreements with each country have taken effect. The Deputy Secretary and the business delegation will be in Colombia on the one-year anniversary of the implementation of that Free Trade Agreement (FTA), May 15.

The mission will include export-ready U.S. firms in a broad range of leading U.S. infrastructure and industrial sectors, with an emphasis on project management (including construction, architecture and design), transportation (including road/highways, rail, airports, and intelligent transportation systems), energy (including distribution, transmission, and smart grid), water resources management (including water treatment, distribution and collection), and safety and security. The mission will help U.S. businesses in initiating or expanding exports to Brazil, Colombia and Panama by making business-to-business introductions, providing market access information, and facilitating access to government decision makers.

See the entire list of 20 companies and learn more about the opportunities in each of these three export markets.

2012 Peace Through Commerce Medal Award Recipients Announced

Under Secretary of Commerce for International Trade Francisco Sánchez announced the nine individuals and organizations that are recipients of the International Trade Administration’s 2012 Peace through Commerce Medal Award.

The award recognizes an individual, group, or organization, either domestic or abroad, whose actions have significantly promoted and developed U.S. export initiatives, encouraged innovative approaches, and improved overall U.S. trade relations.

The Peace through Commerce Medal dates back to the first Secretary of State, Thomas Jefferson, who commissioned the medal in 1790. Jefferson gifted the medal, formerly known as the Diplomatic Medal, to foreign diplomats who aided the Continental Congress during the American Revolution. The medal is most renowned for its inscription, To Peace and Commerce, centered along the top. Read more about the entire list of award winners.