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Blog Category: Trade

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)

Secretary Locke Highlights the Importance of Entrepreneurship at Opening of Presidential Summit

Secretary Locke on Panel at Opening of Presidential Summit. Click here for larger image.

U.S. Commerce Secretary Gary Locke opened the Presidential Summit on Entrepreneurship at the Ronald Reagan International Trade Center addressing hundreds of entrepreneurs, business leaders, educators, and stakeholders from over 50 countries on five continents. Together with President Obama, the Commerce and State Departments hosted the summit, highlighting the work and talents of entrepreneurs from Muslim-majority countries and Muslim communities around the world. Following his remarks, Locke moderated the opening panel discussion on successful entrepreneurship. (Remarks) (Fact sheet)

New Commerce Report Shows Growing Exports Key to Job Creation

Image of Exports Report.

A U.S. Department of Commerce report released today confirms the importance of exports to the U.S. economy and the increasingly globalized marketplace. According to Exports Support American Jobs, in 2008, exports accounted for a record 12.7 percent of U.S. gross domestic product (GDP), and during a period of relatively flat job growth across the economy, supported a record number of jobs—more than 10 million. (More) (Report—PDF)

Secretary Locke Statement on February 2010 U.S. International Trade in Goods and Services

Department of Commerce seal

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the February 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in February 2010 increased by 0.2 percent to $143.2 billion from their January 2010 level. Imports in February increased 1.7 percent over January to $182.9 billion. (More) (Release) (Fact sheet)

Secretary Locke Visits Chicago, Outlines Plans to Create American Jobs Through Exporting

Secretary Locke with participants.

U.S. Commerce Secretary Gary Locke is at the University of Chicago for an export promotion forum with U.S. Sen. Dick Durbin to discuss President Obama’s National Export Initiative (NEI) and what it will do to help U.S. companies, especially small- and medium-sized businesses, sell more of their goods and services overseas. Also speaking at the forum are U.S. Trade Representative Ron Kirk, SBA Administrator Karen Mills, and Export-Import Bank Chairman Fred Hochberg. The NEI aims to double U.S. exports over the next five years while supporting two million American jobs. (Remarks)

Francisco J. Sánchez Sworn In as Under Secretary of Commerce for International Trade

Hightower, Sanchez and scheduling assistant Jenna Pilat. Click for larger image.

Francisco J. Sánchez was sworn in today as Under Secretary of Commerce for International Trade after receiving a recess appointment from President Obama. U.S. Commerce Deputy Secretary Dennis Hightower administered the oath of office to Sánchez who will direct the Department of Commerce’s International Trade Administration (ITA). I’m pleased to have Francisco leading the International Trade Administration,” said Hightower. “As head of the International Trade Administration, Francisco will be on the front line as the Commerce Department spearheads the implementation of the President’s National Export Initiative.” (More) (Bio)

Francisco Sánchez and Eric Hirschhorn Named to Posts as Under Secretaries of Commerce

Commerce building exterior with U.S. flag.

Francisco J. Sánchez will direct the Department of Commerce’s International Trade Administration as Under Secretary of Commerce for International Trade, and Eric L. Hirschhorn will lead the Department’s Bureau of Industry and Security as Under Secretary of Commerce for Export Administration after receiving recess appointments from President Obama Saturday. Sánchez and Hirschhorn could serve in their jobs through the end of 2011, when the next Senate finishes its term, or until they are nominated and confirmed to their posts. (Sanchez release) (Hirschhorn release)

Secretary Locke, Senator Brown Highlight Effort to Boost Exports and U.S. Jobs in Ohio

Secretary Locke at microphone. Click for larger image.

U. S. Commerce Secretary Gary Locke traveled to Dublin, Ohio to talk to Americans about the administration’s plan to increase the sales of exports and support the creation of high-paying jobs through President Obama’s recently announced National Export Initiative (NEI). Locke was joined by Senator Sherrod Brown. Officials from the State and Agriculture Departments, the Office of the U.S. Trade Representative, the Export-Import Bank, and the U.S. Trade and Development Agency, also met with business leaders across the country to discuss the steps the Administration is taking to help businesses sell more U.S.-made goods and services abroad. (Remarks) (Release) (Export Promotion Cabinet release)

Locke Pledges Administration Support for Emerging Trade Opportunities with Indonesia

Locke on podium. Click for larger image.

U.S. Secretary of Commerce Gary Locke discussed emerging trade opportunities between the U.S. and Indonesia as part of the Obama administration’s plan to create jobs here at home and grow overseas markets, especially through the National Export Initiative. In remarks at the Center for Strategic and International Studies Forum, Locke announced a trade mission to Indonesia that will take place in late May, made up of American renewable energy companies. “Ensuring that American companies play a lead role in this energy transformation is a priority for the Obama administration,” Locke said. (Remarks) (Indonesia trade mission)

Secretary Locke Convenes Trade Promotion Coordinating Committee Meeting

Locke at lectern with other participants in background.

In response to President Obama's recently-unveiled goal of doubling American exports over the next five years with the National Export Initiative (NEI), U.S. Secretary of Commerce Gary Locke hosted the second meeting of the Trade Promotion Coordinating Committee (TPCC) at the department. The TPCC, established in 1992, is an interagency group chaired by the Secretary of Commerce to establish trade promotion priorities that boost exports and create jobs. Later, he hosted a press conference with TPCC members, including Agriculture Secretary Vilsack, U.S. Trade Representative Ambassador Kirk, Small Business Administration Administrator Mills and others.