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Blog Category: International trade

Minority Business Development Agency Kicks Off National Minority Enterprise Development Week Conference

Conference to help expand global reach for minority-owned firms

Alternate TextToday Commerce's Minority Business Development Agency (MBDA) kicked off the 28th annual National Minority Enterprise Development (MED) Week Conference in Washington, D.C.  The week-long conference focuses on “Strategies for Growth and Competitiveness in the Global Economy.”

The MED Week conference helps minority-owned firms grow domestically and globally through a series of educational, training and business-to-business networking events. Throughout MED Week, nearly 1,500 minority business owners, government officials and corporate representatives will hear about President Obama’s National Export Initiative and develop the skills to become export-ready. They will also have the chance to participate in sessions on opportunities for minority-owned firms in federal contracting and Haiti reconstruction, among others. The week will wrap up with an awards gala to honor excellence in minority-owned firms.

MBDA and National Director David Hinson will welcome several speakers to this week’s conference, including: U.S. Commerce Secretary Gary Locke, Administrator of the Small Business Administration Karen G. Mills, U.S. Deputy Commerce Secretary Dennis Hightower, Under Secretary of Commerce for International Trade Francisco Sánchez, Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office David Kappos, and Assistant Secretary of Commerce for Economic Development John Fernandez.

MBDA is focused on helping minority-owned firms grow their businesses domestically and globally to foster job creation and economic growth. For more information about the conference and a video of National Director Hinson at MED Week, visit http://www.medweek.gov.  |  Conference details and more  | USPTO Kappos's remarks

Secretary Locke Briefs Washington Foreign Press Center on Upcoming Trade Mission to China and Indonesia

Commerce sealU.S. Commerce Secretary Gary Locke led a briefing at the Washington Foreign Press Center on the Obama administration’s first Cabinet-level trade mission to China and Indonesia next week. The clean energy business development missions will promote exports of leading U.S. technologies related to clean energy, energy efficiency and electric energy storage, transmission and distribution. In his remarks, Locke said, “Here at home, every American should know that when a U.S. clean energy company finds success abroad, it creates more jobs in the United States." (Remarks)

Secretary's Statement on March U.S. International Trade in Goods and Services

The Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis today released a report on March 2010 U.S. International Trade in Goods and Services. Today’s report showed that U.S. exports in March 2010 increased by 3.2 percent to $147.9 billion from their February 2010 level. Imports in March increased 3.1 percent over February to $188.3 billion.

“The rise in imports shows increasing consumer confidence in America's economic recovery,” Commerce Secretary Gary Locke said. “It's heartening to see a corresponding increase in exports.

“This administration is focused on helping American businesses take advantage of the worldwide recovery underway, ramping up trade advocacy on all fronts – from providing credit to small businesses that want to export to increasing the number of trade experts who will help U.S. companies find buyers abroad to the continued rigorous enforcement of our trade laws.” (Full statement)