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Blog Category: NEI

Secretary Bryson Hosts Trade Promotion Coordinating Committee and Export Promotion Cabinet

Bryson and participants seated at conference table

Meeting follows establishment of the Interagency Trade Enforcement Center through Presidential Executive Order signed today

Commerce Secretary John Bryson today hosted a joint meeting of the Trade Promotion Coordinating Committee (TPCC) and the Export Promotion Cabinet (EPC) to discuss strategic priorities for promoting trade and U.S. exports and receive input on new initiatives. Secretary Bryson was joined by officials from the Export-Import Bank, Small Business Administration, National Security Council, and Departments of Agriculture, State, and Treasury, among other agencies.

The TPCC and EPC support the president’s overall economic agenda by helping U.S. companies export globally and create jobs locally. The TPCC is composed of 20 federal government agencies and chaired by the Secretary of Commerce. The EPC was established to coordinate the development and implementation of the National Export Initiative (NEI) along with the TPCC, helping to meet the president’s goal of doubling U.S. exports by the end of 2014.  

During the meeting, which was his first as Commerce Secretary, Bryson highlighted the progress with NEI and the need to strengthen efforts to continue to increase U.S. exports. In 2011, the U.S. exported over $2.1 trillion in goods and services, the highest on record and the first time in history that America has crossed the $2 trillion threshold. Despite the positive signs of economic recovery, the president has made clear that lasting economic growth requires leveling the playing field for American workers and businesses and making sure they are able to compete successfully in global markets.

President Obama Announces New Steps to Promote Manufacturing, Increase U.S. Exports

Jim Albaugh, President and CEO of Boeing Commercial Airplanes, President Obama with Jim McNerney, CEO and chair of the PEC (Photo: Boeing)

Last Friday, President Obama visited the Boeing assembly facility in Everett, Washington to announce new steps to promote American manufacturing and increase U.S. exports. Manufacturing represents nearly 60 percent of total U.S. exports, and Boeing, whose CEO Jim McNerney is Chair of the President's Export Council (PEC), is one of the country’s leading exporters of manufactured goods with more than $34 billion in total exports in 2011. The PEC is chartered  to advise the president on real ways to boost innovation, competitiveness, and trade for American businesses. Mr. McNerney brings great skill and know-how to the PEC.

The Obama administration has provided important support to Boeing’s export success, and the president has made unprecedented efforts to open up markets for American goods and to level the playing field for all American companies.  Over the past year, the president has signed into law a series of trade agreements that will provide a major boost to our exports by making it easier for American companies to sell their products in South Korea, Colombia, and Panama. In addition, record-setting efforts at the Export-Import Bank–through direct loans, credit guarantees, and credit insurance–have helped U.S. exports remain on target to meet the president’s goal to double exports between 2010 and 2015.

Acting Deputy Secretary Rebecca Blank Visits the Port of Savannah

Senator Johnny Isakson, GPA Board Chairman Alec Poitevint, Acting Deputy Secretary Blank, Senator Saxby Chambliss

Acting Deputy U.S. Commerce Secretary Rebecca Blank visited Savannah, Ga. yesterday, where she received a briefing on the Savannah Harbor Expansion Project (SHEP) and toured the Port of Savannah with U.S. Senators Saxby Chambliss and Johnny Isakson and representatives from the Georgia Ports Authority. Following the tour, Blank delivered remarks on the importance of projects like SHEP, an efficient, high-tech export engine that will help U.S. businesses compete globally, as part of President Obama’s National Export Initiative (NEI).

Expanding America’s ports means expanding America’s exports. And more exports mean more jobs. Exports already support nearly 10 million U.S. jobs, including one in three manufacturing jobs, and positions supported by exports pay about 15 percent more on average.

The president launched the NEI in 2009 with the goal of doubling exports by the end of 2014, supporting several million jobs. U.S. exports increased 14.5 percent in 2011 to a record $2.1 trillion. That’s the second year of double-digit growth, ahead of schedule to achieve the goal of NEI.

Commerce and FedEx Team Up to Provide Opportunities for Exporters

U.S. Exports of Goods and Services: Percent Change from Prior Year

In his 2010 State of the Union address, President Obama set a goal of doubling exports by the end of 2014 – an increase that will support two million additional jobs here at home. In a time when millions of Americans are out of work, boosting U.S. exports is a short-term imperative because exports support millions of good, high-paying American jobs. And for companies looking to expand, looking beyond our borders only makes sense because 95% of the world’s customers are outside our borders.

Since the President announced his goal, exports are up 33.5% and slightly ahead of the pace needed to achieve the National Export Initiative goal of doubling exports by 2014. Yet, even with that success, only 1% of businesses export and of those that do, 58% export to only one market. That is why the Department of Commerce’s U.S. Commercial Service has joined forces with several private sector vendors in the New Market Exporter Initiative.  This program provides companies with expert analysis of target countries, matchmaking services with vendors or distributors and help with logistics and shipping.

Those strategic plans are paying off. Today we begin a series highlighting private sector vendors and the manufacturers they are helping export to new markets.

FedEx works closely with the Commerce Department to support the National Export Initiative by reaching out to its customers, especially those in the manufacturing sector, who are best positioned to export.  Through its expansive outreach network, FedEx has seen firsthand how looking beyond our borders can breathe new life and new jobs into a business.  They know that exporting is no longer just a competitive advantage, but a means to survive this changing environment.

Commerce Secretary John Bryson Meets with the National Advisory Council on Minority Business Enterprise

NACMBE with Secretary John Bryson

Data from the Department of Commerce reveal that minority-owned firms are an engine of job growth and are more likely to export than non-minority-owned firms. These firms account for $1 trillion in gross receipts and employ almost six million Americans. To bolster the economic impact of minority entrepreneurs across the county, the National Advisory Council on Minority Business Enterprise (NACMBE) was established in April 2010.  

Commerce Secretary John Bryson hosted the fifth meeting of the National Advisory Council on Minority Business Enterprise today at the Commerce Department. The Council, co-chaired by Mark Hoplamazian, CEO of Hyatt Hotel Corporation, and Janice Savin-Williams, co-founder and principal, Williams Capital Group, includes CEOs, entrepreneurs, investors, and scholarly research experts.

“It’s clear that minority communities and minority-owned businesses were hit hard in the recession. However, in the last 22 months, 3.2 million jobs were created.  Also, credit is flowing again to a certain degree,” Bryson said today. “But with your help, we can foster an environment where minority entrepreneurs, innovators and business leaders can do what they do best–create jobs.”  

Working with Florida Businesses to Create an Economy Built to Last

Sánchez speaking with Vaughn after a White House Hispanic Community Action Summit

Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International Trade, International Trade Administration

It’s always good to be back in my hometown of Tampa, Florida.

This morning, I was proud to participate in a powerful and productive discussion at a White House Hispanic Community Action Summit, which took place at the University of Tampa. It was another great opportunity for Obama administration officials and community leaders to exchange thoughts and perspectives about the challenges currently facing our nation.

Although a number of topics were discussed, there was one that was near the top of everybody’s agenda—the economy.

Sure, there’s been a lot of good news lately; all of us were very encouraged by today’s jobs report which showed that 257,000 private sector jobs were created in January and the unemployment rate fell to 8.3 percent.

Thanks to President Obama’s leadership, the United States has had 23 straight months of private sector growth, for a total of 3.7 million jobs over that period.

But, there’s still a lot of work to do to ensure that everybody who wants a job can get one.

Working with Florida’s Construction Leaders to Build New Opportunities for Communities

Sánchez speaking at LBA event in Miami

Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International Trade Secretary, Department of Commerce

Entrepreneurs are a major key to U.S. economic growth. Their ideas, creativity and pioneering spirit are among our nation’s greatest resources, and are helping to pave the road to recovery. 

That’s why the Commerce Department, under the leadership of Secretary John Bryson, is firmly committed to supporting American business owners in every way we can.  And, our partnership with the private sector is essential to this work which is why I traveled to Miami, Florida earlier today to meet with the Latin Builders Association (LBA).

Founded in 1971, the LBA is the largest Hispanic construction association in the United States. They have shaped skylines, built neighborhoods and made a significant impact on the South Florida area. And, every day, leaders like them are doing great work on the ground to do more than just rebuild our communities; they are committed to building a better and stronger America.

Transatlantic Economic Council Discussions Highlight Need for Cooperation in Innovation and Regulatory and Standards Collaboration

Secretary Bryson joins his Cabinet colleagues and senior European Officials at the TEC meeting

On Tuesday, Secretary Bryson and other U.S. government officials had a valuable conversation with senior European Union (EU) leaders on ways to cooperate and achieve the Obama administration’s National Export Initiative (NEI) goals. Since the EU is America’s largest trading partner, they are key to meeting the ambitious goal of doubling exports by the end of 2014.

The economic relationship between the EU and the United States is the largest and most dynamic in the world. The combined gross domestic product accounts for more than $30 trillion – roughly 40 percent of global GDP – and more than 800 million consumers. In 2010, bilateral trade in goods and services surpassed $873 billion. With this relationship so vital, in April 2007 the Transatlantic Economic Council (TEC) was established to provide Cabinet-level political guidance for implementation of specific work programs like intellectual property rights protection and regulatory cooperation.

Tuesday’s discussions made it clear that both the United States and the EU recognize innovation to be the main driving force for continuing this economic success and creating more jobs. In his comments, Secretary Bryson noted that the innovations created through the partnerships of American and European companies can be a greater catalyst for new jobs than innovation done without such collaboration. The Commerce Department is currently working tirelessly in that vein, developing transatlantic links between companies and research centers.

Promoting Competitiveness in the U.S.-Mexico Relationship

Sánchez on podium, gesturing

Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International Trade Secretary, Department of Commerce

One billion dollars.

That number represents the two-way trade that happens between the United States and Mexico—every day. 

It’s a remarkable statistic, and a powerful symbol of the growing trade relationship and friendship between our two countries. Clearly, the story of the U.S. and Mexico is a story of progress. And, many from both countries are committed to ensuring that the next chapter of this story is full of greater opportunities for both peoples.

That’s why, earlier today, I was privileged to co-host the California Mexico Binational Mayor’s Conference with Los Angeles Mayor Antonio Villaraigosa.

We were joined by U.S. and Mexican government and business leaders who came together to identify ways to strengthen our trade relations. Thankfully, we already have a solid foundation to build on.

Combined two-way trade in goods and services was nearly $400 billion dollars in 2010. From the United States’ vantage point, Mexico is our third-largest trading partner. It’s our-second largest export market. And, in California alone, $21 billion in merchandise exports went to Mexico last year—15 percent of the state’s total merchandise. 

Clearly, this partnership has been a key to the success of President Obama’s National Export Initiative, which has the goal of doubling U.S. exports by the end of 2014. Last year, exports supported 9.2 million jobs—and Mexico has obviously helped fuel this positive economic activity. 

But, today’s global economy is moving fast. And, no country can afford to stand pat and be satisfied. We’ve got to keep changing and evolving. 

Assistant Secretary Suresh Kumar Blogs on 30th Anniversary DEC Conference

District Export Council Conference logo

Guest blog post by Assistant Secretary for Trade Promotion and Director General for the U.S. and Foreign Commercial Service Suresh Kumar

I’m proud to be speaking at the 30th District Export Council Conference (DEC), in Las Vegas, Nevada.  We have more than 40 DECs represented from across the country at the conference this year.  The DECs are comprised of business leaders from around the country who are nominated by the U.S. Department of Commerce’s Commercial Service (often in consultation with other DEC members and local partner organizations) and appointed by the Secretary of Commerce.  The DECs provide guidance and mentoring to U.S. businesses looking to export, and work closely with the U.S. Commercial Service, referring these businesses to our network of U.S. Export Assistance Centers.   By supporting firms in their local communities which are looking to progress from their first international business plan to their first export sale, DEC members empower the U.S. Commercial Service in our mission of broadening and deepening the U.S. exporter base. 

Nationwide, there are 59 DECs which include the expertise of 1500 exporters and export service providers throughout the United States, who volunteer their time to promote numerous trade related activities.  DECs also create seminars that make trade finance both understandable and accessible to small exporters, host international buyer delegations, design breakthrough guides to help firms export, put exporters on the Internet and help build export assistance partnerships to strengthen the support given to local businesses interested in exporting.  As such, the DECs are critical to our effort in promoting our country's economic growth and supporting new and higher-paying jobs for their communities.