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Blog Category: Trade

Entrepreneurship and Innovation Web Chat with Commerce Secretary Gary Locke

This afternoon, Secretary Locke participated in a live, online web chat hosted by the White House as part of its “Open for Questions” series to help commemorate National Entrepreneurship Week. Questions were submitted through the Fast Company website and the White House blog, and discussion focused on the administration's role in promoting innovation-based, high-growth entrepreneurship.

Watch this video and many others on the White House video page.

Stepping Up Trade Between the U.S. and India Will Mean More Jobs in America and a Better Quality of Life for People in India

Secretary Locke is signing the Energy Cooperation Program MOU with Indian Planning Commission Deputy Chairman Montek Singh Ahluwalia. The ECP is a partnership that brings together U.S. and Indian companies and both two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

[Upon return from Asia, Secretary Locke wrote this blog post about the importance of the upcoming trade mission to India in February.]

President Obama and members of his Cabinet, including myself, have completed a trip to India to take the relationship between our two countries to a new level. We were there because we see real opportunities -- both for American workers and businesses and the people of India. U.S. firms can work with Indian companies to help meet the ambitious economic and social goals laid out by its government. And we can do that by increasing trade between our nations, selling more of America’s world-class goods and services to businesses and consumers in India.

Two-way trade between our nations last year was $38 billion, and exports to India have quadrupled in the last seven years. I expect this upward trend to continue. But we have to do more to connect U.S. companies with Indian consumers and partner firms. To that end, President Obama and I announced a high-tech trade mission to India in early February, making stops in Mumbai, New Delhi and Bangalore. Companies interested in participating can visit www.trade.gov/IndiaMission2011 for more information.

As Secretary Chu noted during his trip to India last year, due to the increasing demand for energy by India’s emerging middle class, India could become a major export destination for solar panels and wind turbine components manufactured in the United States. That’s why I’m proud we announced the launch of the Energy Cooperation Program. This partnership brings together U.S. and Indian companies and our two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.

Stepping up trade and collaboration between the U.S. and India will mean more jobs in America and a better quality of life for people throughout this fast-growing democracy at the heart of the Obama administration’s renewed engagement in Asia.

Commerce Department Continues Focus on Expanding Markets for U.S. Exports

Secretary Gary Locke will join President Obama in India this week, where they will work to deepen bilateral economic cooperation between the two countries on a regional and global level. Continuing to expand bilateral economic ties with India is an important step toward achieving the goals of the president’s National Export Initiative, which aims to double U.S. exports within the next five years in support of several million U.S. jobs.

While in Mumbai, Locke will participate in the U.S.-India Business and Entrepreneurship Summit. He will then travel to New Delhi, where he will give a keynote address at a Federation of Indian Chambers of Commerce and Industry and the American Chamber of Commerce event.  In 2009, U.S. trade with India totaled $37.6 billion, and trade this year has already reached $32.4 billion through August.

Watch this video to hear from small business owners about their experiences partnering with the Department of Commerce.

Obama Administration Official Promotes U.S. Commercial Interests in Iraq

Under Secretary Sánchez (left) and U.S. Ambassador James Jeffrey (right) with interpreterUnder Secretary of Commerce for International Trade Francisco Sánchez today emphasized President Obama’s commitment to promoting strong bilateral, economic, cultural, and educational ties with Iraq during his meeting with Iraq’s Minister of Trade Dr. Safa Al-Din Muhammad Al-Safi. Sánchez and Al-Safi discussed key policy changes that could improve the commercial climate and promote U.S. commercial interests in Iraq. Sánchez was joined in Iraq by representatives from 14 U.S. companies that traveled to Baghdad for the first U.S. trade mission to Iraq since the end of combat operations.

“The American and Iraqi private sectors are rich and diverse, brimming with knowledge and a strong work ethic,” Sánchez said. “The U.S. companies on this delegation will interact with the Iraqi public and private sectors, and walk away from this historic trade mission knowing what opportunities exist for them in Iraq.”

Iraq’s GDP has more than doubled since 2006, soaring from $57 billion to $112 billion in 2009. Iraq’s government has budgeted more than $80 billion for infrastructure development, focusing on a number of large projects relating to construction, highways, railways, telecommunications, and security and defense. This trade mission provides U.S. participants with first-hand market information and forms the basis for future economic cooperation.  Release  |  White House blog on trade mission  |  More on the Iraqi trade mission

Secretary Locke Co-Chairs U.S.-Brazil CEO Forum in Denver

Secretary Locke and Minister Miguel JorgeU.S. Commerce Secretary Gary Locke and White House Deputy National Security Advisor Michael Froman co-chaired the fifth U.S.-Brazil CEO Forum today in Denver. Joining Locke and Froman as co-chairs was Brazilian Minister of Development, Industry and Foreign Trade Miguel Jorge.  This is the first time the U.S. has hosted the meeting outside of Washington, D.C. 

The U.S.-Brazil CEO Forum discussed critical business issues, including the negotiation of a bilateral tax treaty, customs facilitation and express reform, and energy and infrastructure. The Forum’s recommendations have advanced discussions between the United States and Brazil governments on other important issues such as visas, customs procedures, education and infrastructure reforms. Established in 2007, the U.S.-Brazil CEO Forum is made up of 20 CEOs from the U.S. and Brazil, and meets twice a year to make recommendations to the two governments on ways to strengthen the U.S.-Brazil economic relationship.

CEO Forum meetings were held at the U.S. Department of Energy's Research Support Facility – the nation's largest net-zero energy building designed to showcase energy efficiency and renewable energy technologies – located on the National Renewable Energy Laboratory (NREL) campus.  Locke and Froman also toured the Science and Technology Facility on the NREL campus, highlighting the role of public-private partnership in research and development and NREL’s collaboration with Brazilian government and industry.

Following the Forum, the group participated in an event hosted by the 2010 Biennial of the Americas – an international event celebrating the culture, ideas and people of the Western Hemisphere. Throughout the month of July, Denver is welcoming national and international visitors for a cross-cultural experience bridging and unifying the artistic, intellectual and political progress of the hemisphere's 35 nations.  

Remarks

Commerce Secretary Locke, Postmaster General Potter Launch New Initiative to Boost U.S. Exports

Locke and Potter shaking handsResponding to President Obama’s call to double exports in the next five years, U.S. Commerce Secretary Gary Locke and U.S. Postmaster General John Potter announced the launch of a new initiative between the Commerce Department and the United States Postal Service (USPS) that will help boost U.S. exports. The New Market Exporter Initiative (NMEI) will identify current USPS customers who are exporting their goods and services abroad, and help expand their reach to additional international markets. The announcement expands a strategic partnership formed in 2008 between the two entities.   Read more

Secretary Locke Completes Clean Energy Trade Mission to China

U.S. Commerce Secretary Gary Locke addresses students and scientists at China’s prestigious Tsinghua University.Secretary Locke wrapped up his China clean energy trade mission – the first Cabinet-level trade mission of the Obama administration –  Friday in Beijing. Over the last week, Locke visited Hong Kong and Shanghai and will continue on to Jakarta, Indonesia on Tuesday after participating in the U.S.-China Strategic and Economic Dialogue.

Throughout the mission Locke focused on opportunities for U.S.-China collaboration in the clean energy market and the special responsibility the two countries have to lead the way in combating global climate change. 

At his last stop in Beijing, Locke engaged in a first-of-its-kind dialogue and live webchat with Tsinghua University students and scientists who are working on cutting-edge, clean-energy technologies. Locke told the students that the United States, China and the entire world are counting on bright, motivated people to discover new energy technologies to reach energy efficiency goals while creating jobs in China and the United States.

He also visited the United Family Hospital New Hope Cancer Treatment Center, a joint U.S.-China venture featuring nearly $6 million worth of U.S. exports of medical technology.

In China, Locke traveled with representatives of 24 U.S. businesses. Ten executives will be continuing on with him to Jakarta, Indonesia, along with representatives from the Trade Development Agency (TDA), Overseas Private Investment Corporation (OPIC) and the Export-Import Bank of the United States (EXIM).

The clean energy trade mission comes on the heels of President Obama’s call to double U.S. exports in the next five years and support 2 million American jobs.

U.S. Commerce Secretary Gary Locke engages in a dialogue with 
students at Tsinghua University  working on , clean-energy tech

U.S. Commerce Secretary Gary Locke engages in a dialogue with students and scientists working on cutting-edge, clean-energy technologies at China’s prestigious Tsinghua University.  The dialogue featured live questions from Chinese “netizens,” and a transcript of the event was streamed live on the Global Times Web site and later re-posted on NetEase.com.

Forty-Six U.S. Business Executives to Join Secretary Locke in China and Indonesia for Clean Energy Trade Mission

Foto de El Seretario Gary Locke.

Washington (May 4 )—Forty-six U.S. business executives will join U.S. Commerce Secretary Gary Locke in China and Indonesia May 15-25 on the first cabinet-level trade mission of the Obama administration. On the heels of President Obama’s new National Export Initiative, aimed at doubling U.S. exports in the next five years, Locke will lead American companies on this clean energy mission to advance their export opportunities and support American jobs. (More)

Secretary Locke Delivers Keynote Remarks at the U.S.-Saudi Business Opportunities Forum

Photo of Secretary Gary Locke.

U.S. Commerce Secretary Gary Locke addressed the U.S.-Saudi Business Opportunities Forum today focusing on economic collaboration between the U.S. and Saudi Arabia, mutually beneficial business opportunities, and the Obama Administration’s National Export Initiative. At the forum, Locke announced plans for the Commerce Department to lead two trade missions to Saudi Arabia this year. Locke also met with his counterpart Saudi Minister of Commerce and Industry Abdullah Alireza to discuss bilateral trade issues and areas for enhanced cooperation between the two countries. (Release) (Remarks)