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Blog Category: Russia

Chicago Today, Russia Tomorrow

Under Secretary Francisco Sanchez and Chicago U.S. Export Assistance Center Director Julie Carducci present Export Achievement Certificate to BayRu CEO Aaron Block. (Photo Commerce)

Cross-posted from ITA Tradeology blog by Francisco Sánchez, Under Secretary of Commerce for International Trade

Today I was fortunate enough to speak at the SMC3 conference in Chicago about the progress we’ve made toward achieving the President’s goal of doubling U.S. exports. SMC3 is a supply chain industry association that provides technology to shipping and logistics companies across the country, the very same companies who ensure the efficient transportation of American exports. Each year, the conference brings together representatives from America’s most active manufacturing, trucking, rail, shipping, and logistics firms.

The success of U.S. exporters depends in part on U.S. businesses being able to quickly and efficiently get their products to market. So it was fitting that I gave these remarks in Chicago, home to some of America’s most important freight and transportation corridors. According to the latest data, the Chicago metropolitan area is the 7th largest export market in the U.S. with merchandise shipments totaling nearly $34 billion.

Chicago is also home to some of America’s top exporters. I was pleased to honor an innovative company, BayRu, with an Export Achievement Certificate while in Chicago. Their online store, http://www.bay.ru, BayRu is one of the fastest growing e-commerce sites in Russia. On bay.ru, Russian shoppers can buy a wide range of American consumer goods found in catalogues like E-bay and Amazon and then have those products shipped to more than 160 cities across Russia and other CIS states.

Secretary Locke Joins Presidents Obama and Medvedev for U.S.-Russia Business Summit

Photo of Medevev, Obama and Locke at table.Commerce Secretary Gary Locke participated in the U.S.-Russia Business Summit today alongside President Obama, Russian President Dmitry Medvedev and Russia’s Minister of Economic Development Elvira Nabiullina at the U.S. Chamber of Commerce. Talking with both U.S. and Russian business and association leaders, Locke discussed further developing bilateral commercial relations and highlighted examples of new plans for cooperation between U.S. and Russian companies. Locke and Nabiullina co-chair the U.S.-Russia Business Development and Economic Relations Working Group and together solicited input from Summit participants. Read more  White House "Reset" fact sheet   DOC Fact sheet  White House blog   Press conference video