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Blog Category: National Export Initiative

Secretary Pritzker Concludes “Commerce in the Valley” Tour

Secretary Pritzker Concludes “Commerce in the Valley” Tour

U.S. Commerce Secretary Penny Pritzker concluded her two-day “Commerce in the Valley” tour on Tuesday showcasing the value and vast resources of the Commerce Department to entrepreneurs and business leaders in Northern California.  As the voice of business in the Administration, Pritzker met with innovators, entrepreneurs and leaders within Silicon Valley to discuss the Department of Commerce’s “Open for Business Agenda,” and the three key areas that will keep America competitive and strong: trade and investment, innovation, and data.

Secretary Pritzker made a number of site visits during her tour of Silicon Valley including Facebook, Google, eBay and PayPal showing the Department's strong commitment to spurring U.S. economic growth, through innovation, and competitiveness. On day two of her visit, Secretary Pritzker participated in an Innovation Ecosystem breakfast hosted by Tech for America, where she heard from budding entrepreneurs on the next generation of innovative ideas and discussed the importance of intellectual property (IP) protection and patent reform.

Following the breakfast, Secretary Pritzker traveled to Google where she met with executives and discussed trade and investment and ways the Commerce Department can further help companies export their goods and services abroad. 

Secretary Pritzker concluded her day at eBay and PayPal where she met with three eBay sellers, Chris Ko, Owner, Nationwide Surplus and ER2 Electronic Recycling; Nate Victor, CEO, Sonic Electrolux; and Nick Martin, Founder, The Pro's Closet. She discussed with each of these business leaders what global opportunities and resources we have at the Department of Commerce that can help them increase exports to foreign markets and expand their business footprint.  Secretary Pritzker later joined eBay Inc. CEO John Donahoe in announcing a partnership to promote U.S. exports and trade.  This partnership will advance the Obama Administration’s National Export Initiative, an ambitious plan to sell more American goods and services into foreign markets. 

Mr. Donahoe was appointed by President Obama to the President’s Export Council (PEC) in December 2013.  This partnership comes on the heels of a U.S. Department of Commerce announcement that U.S. exports in 2013 set a new record for the fourth straight year. U.S. exports reached $2.3 trillion in 2013, up nearly $700 billion since 2009.

Another Year, Another Export Record

Editor's note:  This has been cross-posted from Tradeology, the Official Blog of the Internatational Trade Administration

Guest Blog Post by Ken Hyatt, Acting Under Secretary of Commerce for International Trade and Mark Doms, Under Secretary of Commerce for Economic Affairs

Four years ago, President Obama made export promotion a national priority, launching the National Export Initiative to renew and revitalize American exports.

That initiative is working.  Today, the Department of Commerce announced that for the fourth year in a row, the United States has set a record for annual exports. Total U.S. exports for 2013 reached $2.3 trillion.

There were record highs in both goods and services exports. Goods exports totaled 1.58 trillion, with records in a number of important sectors, including industrial supplies, consumer goods, and capital goods.

Service exports hit an all-time high of $682 billion, with records in several major service sectors. Travel and tourism was one record sector, as international visitors contributed $139 billion to the American economy.

Mexico was a particularly bright spot for U.S. exporters, as we saw a 4.7 percent increase to $226 billion in exports to our southern neighbor. Commerce Secretary Pritzker is currently leading a business development mission in Mexico, helping even more American companies find new opportunities and qualified business partners in one of our most important export markets.

Infrastructure Business Development Trade Mission to Brazil, Colombia and Panama Begins Today

This week, Acting Secretary of Commerce Rebecca Blank will lead an infrastructure business development trade mission to Brazil, Colombia, and Panama, countries that have created robust infrastructure development plans for the coming years. This mission directly supports President Obama’s National Export Initiative, which set the goal of doubling U.S. exports by the end of 2014 and creating an additional 2 million jobs supported by exports. Throughout the course of the mission, 20 U.S. firms will join the Acting Secretary, with the goal of expanding their business opportunities in Brazil, Colombia, and Panama.

Today is the first full day of the trade mission and Acting Secretary Blank will participate in a roundtable with Brazilian CEOs to discuss possible areas for collaboration with U.S. businesses, particularly in the area of infrastructure. This discussion serves as a follow-up to the U.S.-Brazil CEO Forum, which Acting Secretary Blank co-chaired along with Deputy National Security Advisor for International Economic Affairs Michael Froman in Brasilia in March.

On Tuesday, Acting Secretary Blank will meet with members of the Federation of Industries of Sao Paulo (FIESP), a Brazilian industry association that includes more than 130,000 companies representing a wide range of industrial activities. The Acting Secretary will highlight U.S. businesses’ efforts to support Brazil’s infrastructure development goals and connect U.S. and Brazilian firms to explore further procurement opportunities. She will also visit Embraer while in Sao Paulo, to highlight a Brazilian company that has invested in America and created U.S. jobs. Embraer has also worked with many suppliers in the U.S. and has strong partnerships with a variety of U.S. companies.

Deputy Secretary Blank Announces 20 Companies Joining Infrastructure Business Development Trade Mission to Brazil, Colombia and Panama

U.S. Deputy Secretary of Commerce Rebecca Blank today announced the 20 companies that will join her on an infrastructure business development trade mission to Sao Paulo, Brazil; Bogota, Colombia; and Panama City, Panama from May 12-18, 2013. The governments of these countries have each outlined ambitious infrastructure development plans for the years ahead, and this trade mission will help U.S. companies in a broad range of infrastructure industry sectors make the connections they need to expand their business opportunities in Brazil, Colombia and Panama.

The trade mission will support President Obama’s National Export Initiative, a government-wide strategy to promote American exports and create 2 million export-supported jobs by the end of 2014. Last year, exports hit another all-time record, reaching $2.2 trillion. And, between 2009 and 2012 exports have supported 1.3 million additional jobs.

The mission will also highlight the successes in the U.S. trade relationships with Colombia and Panama, specifically, since free trade agreements with each country have taken effect. The Deputy Secretary and the business delegation will be in Colombia on the one-year anniversary of the implementation of that Free Trade Agreement (FTA), May 15.

The mission will include export-ready U.S. firms in a broad range of leading U.S. infrastructure and industrial sectors, with an emphasis on project management (including construction, architecture and design), transportation (including road/highways, rail, airports, and intelligent transportation systems), energy (including distribution, transmission, and smart grid), water resources management (including water treatment, distribution and collection), and safety and security. The mission will help U.S. businesses in initiating or expanding exports to Brazil, Colombia and Panama by making business-to-business introductions, providing market access information, and facilitating access to government decision makers.

See the entire list of 20 companies and learn more about the opportunities in each of these three export markets.

Enhancing Global Commerce Through The America Invents Act

Implementation of the America Invents Act--the most significant overhaul to U.S. patent law in more than a century--beyond our borders is an essential response to an evolving intellectual property terrain impacting our global economy. It is a terrain being shaped by cross-disciplinary technologies—from computers to mobile phones to life-saving drugs—that are a growing part of everyday life. And that terrain continues to be shaped by our key trading partners around the world, including China.

These efforts are important in keeping the momentum toward meeting President Obama’s National Export Initiative (NEI) goal of doubling U.S. exports by the end of 2014, which will support millions of good-paying U.S. jobs. Under Secretary of Commerce for Intellectual Property and Director of the USPTO David Kappos recently met with China’s leading IP stakeholders, providing an overview of the significant changes to the U.S. patent system resulting from the agency’s ongoing implementation of the 2011 America Invents Act. He outlined the progress the USPTO is making in its implementation; the need for further harmonization of the world’s patent laws; and the benefits of a worksharing process that enables patent applicants to simultaneously pursue patent protection in multiple countries, known as the Patent Prosecution Highway, or PPH 2.0.

With an increasing emphasis on innovation in the U.S. and China, Kappos noted the importance of harmonizing our patent processes and advancing our worksharing initiatives—not just to ensure the smooth and efficient operation of our respective IP systems, but also to cultivate and commercialize new technologies blooming in the labs of both countries.

On the Two-Year Anniversary of the National Export Initiative Successes Abound

National Export Initiative

Guest blog post by Commerce Secretary John Bryson

Today marks the two-year anniversary of the signing of the Executive Order creating the National Export Initiative (NEI), when President Obama set the ambitious goal of doubling U.S. exports over five years.

To mark this anniversary, we released new data today showing that jobs supported by U.S. exports increased by 1.2 million between 2009 and 2011. Building on strong growth in 2010, exports supported approximately 9.7 million jobs in 2011 and the value of U.S. exports of goods and services exceeded $2.1 trillion for the first time in U.S. history.

This new data further confirms the good news that exports support an increasing number of American jobs. At the same time, it is also a reminder that we cannot afford to let up on our efforts to help U.S. businesses build it here and sell it everywhere. We must maintain the track record of the past two years and intensify our support of U.S. companies in selling their goods to the 95 percent of the world’s consumers who live beyond our borders by helping to create opportunities and a level playing field. We know that when American businesses and workers get a fair shot, they can compete and they can win.

The NEI's Second-Year Anniversary: Supporting American Jobs

The Port of Baltimore – one of the top ports in the country – handles around 30 million tons of cargo and 400,000 containers annually.

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

Earlier today – on the second anniversary of the President’s National Export Initiative – Commerce Secretary John Bryson announced that the number of American jobs supported by U.S. exports increased 1.2 million from 2009 to 2011. In total, U.S. exports now support 9.7 million jobs, serving as a bright spot in our economy, and helping to fuel our economic recovery. In addition, last year, there were a record $2.1 trillion in U.S. exports.  And there is a lot more room to grow.

Never has that been more clear than today.

I was in Baltimore this morning to see our efforts to support U.S. exporters first-hand. The Port of Baltimore – one of the top ports in the country – handles around 30 million tons of cargo and 400,000 containers annually. As the head of the U.S. Department of Commerce’s International Trade Administration (ITA), I was proud to sign a Memorandum of Agreement with the Port of Baltimore to expand cooperation on export promotion activities here at home.

The Port was also one of 12 U.S. organizations that participated in the February 2012 ports trade mission to India that I led on behalf of the Department of Commerce. During this mission, the Port of Baltimore signed a sister-port Memorandum of Understanding with the Mundra Port, in an effort to increase trade between the two ports. Two way trade between India and the U.S. grew to $58 billion in 2011 and is an NEI priority market. That is why Secretary Bryson will be leading his first trade mission to India at the end of the month to further opportunities for U.S. businesses in this region.

Promoting Best Practices in Exports and Foreign Direct Investment to Spur Economic and Job Growth

Promoting Best Practices in Exports and Foreign Direct Investment to Spur Economic and Job Growth

When President Obama first announced the National Export Initiative (NEI) two years ago—with its goal of doubling U.S. exports by the end of 2014—there may have been some who wondered what this had to do with domestic economic development. But the answer is simple: a lot. From the worker in an auto plant owned by a foreign firm, to the many service businesses across the country selling to overseas visitors, to the U.S. companies from every sector selling their products and services to foreign buyers, America’s economic vitality is very much tied to the world market. And the benefits are many: more jobs, higher wages, and the overall prosperity that comes when we are selling to billions of consumers worldwide.

One often-overlooked element of international trade is foreign direct investment (FDI). The United States is the largest recipient of FDI in the world. Foreign-owned companies operating in the United States support more than 5.3 million U.S. jobs, and U.S. subsidiaries of foreign-owned firms account for 21 percent of U.S. exports. The total stock of FDI in the United States—$2.3 trillion—is equivalent to nearly 18 percent of U.S. gross domestic product.

But there is room for such investment to grow: the U.S. share of world FDI has been declining since the 1990s, as other economies aggressively compete to attract such investment. One impediment to FDI growth in the United States has been the lack of concrete tools and strategies available to local economic development practitioners that could help them more effectively leverage their communities’ competitive strengths to expand exports and attract FDI.

Working Locally to Boost Exports Nationally

Under Secretary Sanchez at the Brookings Institute (Photo Credit: Paul Morigi)

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

America is made up of different communities — each with its own character, challenges and opportunities.  Regional leaders have a unique view of these issues and bring to the table incredible insight into their respective regions.  That’s why the International Trade Administration (ITA) is firmly committed to working with these local leaders to utilize their insight, and ultimately help more American businesses expand into overseas markets.

This is important work because exporting supports American jobs, provides new opportunities for businesses, and makes significant contributions to the growth of the American economy. 

In recognition of these positive economic benefits, President Obama launched the National Export Initiative (NEI) in 2010 with the goal of doubling U.S. exports.  On the eve of the NEI’s two-year anniversary — officially on March 12 — I’m proud to say that we are on track to meet this goal.  Last year, there were a record $2.1 trillion in exports.  Plus, exports comprised nearly 14% of U.S. GDP — another record.

Progress has been made, and we are determined to keep it going.  Key to this work is our partnerships with local and regional partners.  While ITA has a talented and dedicated staff doing great work in 108 offices throughout the nation, we recognize that we can have an even greater reach through partnership.

Case in point: Our work with the Brookings Institution.

Today, Brookings’ Metropolitan Policy Program released a report called “Export Nation 2012: How US Metropolitan Areas Are Driving National Growth.”  

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.