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Blog Category: Trans Pacific Partnership

Commerce and White House Ramp-Up Efforts to Open More Markets to American Goods and Services

Exports are a vital part of the Obama Administration’s economic growth agenda, therefore, the Commerce Department and the White House hosted a fly-in that brought business leaders from around the country to Washington for a panel discussion on ways to send more products stamped “Made in America” around the world. More than 60 small-medium-sized business leaders representing various industries were in attendance.

Commerce Secretary Penny Pritzker participated in a roundtable discussion about how trade benefits the communities in which these companies operate and these businesses leaders live. She called on business executives to do what she called “painting the brush strokes of each individual portrait” with their neighbors, customers, and employees to make the case to them that trade is not only a global and national priority – it is also a local opportunity.When business stories such as Inficon’s - an innovative company of 250 employees in Syracuse, New York that exports instrumentation -  are told, it paints the picture that trade does indeed impact the lives and livelihoods of citizens and their communities.

Ninety-five percent of the world’s customers live beyond U.S. borders. Secretary Pritzker is leading the charge to make exporting a larger part of the DNA of all American businesses. Key to achieving this goal and at the top of the Administration’s trade agenda is passage of Trade Promotion Authority, the Trans-Pacific Partnership (TPP) and the Transatlantic-Trade and Investment Partnership (T-TIP).  Once completed, TPP is expected to make it easier to sell American products and services to more than 40 percent of global GDP.  T-TIP will cover nations that account for nearly half of the global economy and nearly a third of world trade flows. 

In 2013 exports reached an all-time high of $2.3 trillion with 2014 expected to surpass that record. Trade is a gateway for American businesses to create jobs, grow the economy and bring the markets of the world to the doorsteps of small, medium, and large businesses. The Commerce Department is committed to expanding the global footprint of American businesses and keeping America open for business. 

Deputy Secretary Bruce Andrews Addresses Global Opportunities for U.S. Businesses in Minneapolis

Deputy Secretary Bruce Andrews Addresses Global Opportunities for U.S. Businesses in Minneapolis

Earlier this week, Deputy Commerce Secretary Bruce Andrews traveled to Minneapolis and provided the keynote address on the Administration’s trade agenda and global opportunities for U.S. businesses in the healthcare and life sciences sectors at the Discover Global Markets Healthcare and Life Sciences Conference. The event was part of the Discover Global Markets series, which is sponsored by the International Trade Administration’s U.S. Commercial Service. 

During his remarks, Deputy Secretary Andrews discussed his recent trip to China for the Asia-Pacific Economic Cooperation Summit, stressing the fact that with the world’s largest population, continued prospects for robust growth, and an aging middle class population demanding more health care, China is clearly a market worth a lot of attention from U.S. companies. U.S. businesses generally are well-positioned to provide innovative health care solutions. Deputy Secretary Andrews pointed out success by U.S. companies in healthcare during Commerce Secretary Penny Pritzker’s recent healthcare and energy business development mission to Japan and South Korea. He also announced that the Commerce Department is planning three upcoming missions to areas where there are growing needs for U.S. medical products and services: the Philippines and Indonesia; Kenya, South Africa, and Mozambique; and Egypt, Jordan, and Israel.
 
Because of the increasing recognition of U.S. leadership in medical technologies in the region, Deputy Secretary Andrews also stressed the importance of the need to move forward on broad-based regional agreements like the Trans-Atlantic Trade and Investment Partnership and the Trans-Pacific Partnership that will expand exports, grow our economy, and create good jobs. 
 
More broadly, Deputy Secretary Andrews addressed the Administration’s commitment to helping American businesses take advantage of new export opportunities. He specifically outlined the five goals of the revamped NEI NEXT strategy: to help businesses find their NEXT customer abroad; to increase the efficiency of a company’s first and NEXT shipment; to help firms finance their NEXT order; to help communities integrate trade and investment into their NEXT growth plans; and to open up the NEXT big markets around the world while ensuring a level playing field.
 
While in Minneapolis, Deputy Secretary Andrews also had the opportunity to meet with members of the U.S. Commercial Service and District Export Council, both of whom are valuable partners in Commerce’s efforts to support the U.S. export community.

Commerce Secretary Pritzker Discusses Opportunities for U.S. Businesses in Japan

Secretary Pritzker Delivers Keynote Address at American Chamber of Commerce in Japan

Today, U.S. Secretary of Commerce Penny Pritzker met with representatives from the Japanese healthcare and energy sectors as part of a series of roundtables to discuss American and Japanese business relationships and improve U.S. investment in the Japanese market. These events are part of the Secretary’s trade mission to establish new partnerships and expand the market presence of U.S. medical/pharmaceutical and energy-related companies with innovative products and services.

The roundtable provided U.S. and Japanese entities the chance to share views about the opportunities that exist in the Japanese market and to encourage the development of partnerships that may lead to future breakthroughs in the energy and health sectors.

Secretary Pritzker also delivered a keynote address at an event sponsored by the American Chamber of Commerce in Japan (ACCJ) and the Japanese Industry Association, Keizai Doyukai. She opened her remarks by thanking Ambassador Kennedy, who is working side by side with the Commerce Department’s Foreign Commercial Service Officers stationed in Japan and thanked the team, led by Andrew Wylegala.

During her remarks, Secretary Pritzker emphasized the important role that U.S. and Japanese businesses play in anchoring our relationship, highlighted the U.S. as a key destination for investment, promoted the upcoming SelectUSA Summit on foreign investment, and highlighted the healthcare and energy sectors as two sectors of critical importance to growth, innovation, and quality of life in both countries.

Secretary Pritzker touched on America’s drive to strengthen commercial partnerships, help Japan develop new energy technology, optimize the mix of energy imports, and increase energy conservation. The U.S. anticipates continued high growth in the renewable energy sector, providing excellent opportunities for American firms that have cutting-edge, cost-competitive products and services.