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Blog Category: President's Export Council

U.S. Commerce Secretary Prizker Co-Chairs Economic and Commercial Dialogue with Poland’s Deputy Prime Minister Piechocinski

U.S. Commerce Secretary Prizker Co-Chairs Economic and Commercial Dialogue with Poland’s Deputy Prime Minister Piechocinski

Yesterday, U.S. Secretary of Commerce Penny Pritzker joined Polish Deputy Prime Minister and Minister of Economy Janusz Piechociński in co-chairing an Executive Session of the Economic and Commercial Dialogue (ECD). The ECD is a forum created by the U.S. Department of Commerce and the Polish Ministry of Economy to work specifically on strengthening the ability of our companies and investors to do business in each other's markets. Secretary Pritzker is traveling with a delegation of some of America's top CEOs who are members of the President's Export Council.            

At yesterday's meeting, Secretary Pritzker and the PEC CEOs addressed collaborative and tangible ways to increase trade and investment between the U.S. and Poland, particularly as Poland's economy continues to grow. Poland currently has the sixth-largest and one of the fastest growing economies in the EU, and growth is projected to continue in 2014. While bilateral trade between the U.S. and Poland has quadrupled over the past 10 years, reaching nearly $8.8 billion in 2013, there is tremendous opportunity for continued growth.

One mechanism to increase trade and investment between the U.S. and Poland is the Transatlantic Trade and Investment Partnership (TTIP), which is currently being negotiated between the United States and the EU. Once concluded, TTIP will combine the U.S. and EU markets into a stronger transatlantic marketplace, with more than 800 million customers. The U.S. considers Poland an important voice in TTIP negotiations.

Secretary Pritzker Hosts Innovation Roundtable with Polish Industry Leaders and Startups

Secretary Pritzker Hosts Innovation Roundtable with Polish Industry Leaders and Startups
U.S. Secretary of Commerce Penny Pritzker and a delegation of U.S. CEOs yesterday met with Poland's Minister of Higher Education and Science and a group of Polish innovators to discuss the country's efforts to encourage innovation in their economy. Secretary Pritzker was in Warsaw with a group of U.S. CEOs who are members of the President's Export Council. 
 
The Polish government has made the promotion of innovation a top priority. Poland will be receiving a total of $106 billion in funds from the European Union by 2020. Poland plans to invest about 70 percent of those funds to promote innovation. The United States is well-positioned to serve as a partner in these efforts by sharing best practices and engaging our private sector leaders in Poland to further promote innovation.
 
The discussion centered on obstacles that individuals and businesses are experiencing when it comes to innovation, and how the United States can serve as a partner in support of innovation in Poland. For example, while a strong commitment to R&D is one principal driver of innovation, Poland’s current spending on R&D is less than 1 percent of GDP.  
 
However, R&D is only one component of a strong innovation economy. The Department of Commerce is America's "innovation agency," and helps build an innovation ecosystem in the United States by supporting a strong patent system, making investments in regional business incubators and science parks, expanding access to broadband and developing technology standards. 

Secretary Penny Pritzker to Lead High-Level U.S. Business Delegation to Poland and Turkey

Secretary Pritzker met with young entrepreneurs, who are the future of a stronger Ukrainian economy, during her commercial diplomacy trip to Kyiv, Ukraine.

U.S. Secretary of Commerce Penny Pritzker will lead a high-level delegation of America’s top CEOs on an economic fact-finding mission next week to Poland and Turkey. Secretary Pritzker and the CEOs, all of whom are members of the President’s Export Council (PEC) will use the trip to identify immediate and long-term opportunities to increase trade and investment between the U.S. and Poland and the U.S. and Turkey, two high-potential, fast-growing markets. Through greater understanding of these markets, the Department of Commerce and the President’s Export Council can help U.S. companies gain better access to Poland and Turkey, so they can sell more of their goods and services abroad and support jobs here at home.

Following this trip, the PEC CEOs joining the mission will apply their commercial expertise to produce a report for President Obama, which will recommend actions the U.S. government can take to address challenges and increase trade and investment between the U.S. and Poland, and the U.S. and Turkey

Just prior to the PEC mission, Secretary Pritzker will visit Kyiv, Ukraine. Secretary Pritzker's visit to Ukraine was announced by President Obama during Ukrainian President Poroshenko’s visit to Washington, D.C. last week.  Secretary Pritzker, whose family comes from Ukraine, will use her time there to discuss with Ukrainian government and business leaders the reforms necessary to improve their business climate, attract private capital, expand opportunity, and strengthen the economy for greater investment and growth. She will also explore potential opportunities for additional commercial cooperation between the U.S. and Ukraine.

After her stop in the Ukraine, Secretary Pritzker will join the eight PEC members and Under Secretary of Commerce for International Trade Stefan M. Selig in Warsaw, where they will meet with Polish government officials and business leaders and gather insight on opportunities and challenges facing U.S. companies in each respective market. Following the stop in Warsaw, the group will continue on to Istanbul and Ankara, Turkey.

President’s Export Council to Participate in Administration’s First-Ever Fact-Finding Mission

President’s Export Council to Participate in Administration’s First-Ever Fact-Finding Mission

Guest blog post by Stefan M. Selig, Under Secretary of Commerce for International Trade

Yesterday, Secretary Pritzker and I announced that we will lead a high-level delegation on an economic fact-finding trip to Poland and Turkey later this month. I am excited to participate in the first PEC fact-finding mission for the Obama administration. 

That delegation — members of the President’s Export Council (PEC) — is the principal advisory committee on international trade to the president. It includes both public officials and private sector leaders. 

The private sector leadership that will participate during the trip represent many of the most successful and important companies doing business globally today. That includes the PEC vice chair, Ursula Burns, Chairman and CEO of Xerox Corporation. 

CEOs and senior executives from Lockheed Martin, Marriott International, Archer Daniels Midland, Boeing, Dow Chemical, eBay, IBM, and Pfizer, among others, will also participate in the fact-finding mission. 

With Poland as the sixth largest economy in the EU, and Turkey tripling its GDP per capita since 2002, the trade and investment opportunities are plenty and promising, particularly as they relate to economic growth for American businesses. 

After exploring potential opportunities in these countries, the PEC will report its findings to President Obama later this year. This trip is also an occasion for both the administration and American businesses to expand its presence in the field of commercial diplomacy. Working together as partners, we are deepening U.S. economic ties and continue to strengthen our presence on the global stage. 

In fact, one of the reasons I am excited to lead ITA at this moment in time, is because I believe we have a significant role in shaping international economic priorities.  

We can drive commercial diplomacy to new heights. 

From our Doing Business in Africa campaign, which helps facilitate business deals that result in trade-based development for the continent and jobs for the United States, to our Look South Initiative, which is designed to increase trade and investment with our neighbors to the south, or trade missions that promote clean, renewable energy throughout the world, the linkages between our trade and our diplomatic priorities is clearer than ever. 

For more information about the PEC, its members, or history, visit http://trade.gov/pec. Stay tuned for our report to the president. 

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.

Secretary Bryson Encouraged by President’s Export Council Recommendations to Help Strengthen U.S. Economy

Secretary Bryson addresses the President's Export Council

Yesterday, Secretary John Bryson met with the President’s Export Council (PEC) with two goals in mind: to discuss further ways to strengthen the U.S. economy; and to update PEC members on the actions taken by the Department and the administration to increase exports.

As the principal national advisory committee on international trade, the PEC provides a forum for public-private interaction at all levels of government and business. It is responsible for advising the president on government policies and programs affecting U.S. trade performance, covering topics that range from export promotion to deliberations over specific trade challenges in various industries and sectors.

Since the PEC last met, the Obama administration has made great strides in creating jobs, increasing exports and growing the economy. For example, the U.S.-Korea and U.S.-Colombia free trade agreements were implemented earlier this spring, and will drive billions of dollars in additional annual exports and create tens of thousands of American jobs.

President Obama Announces New Steps to Promote Manufacturing, Increase U.S. Exports

Jim Albaugh, President and CEO of Boeing Commercial Airplanes, President Obama with Jim McNerney, CEO and chair of the PEC (Photo: Boeing)

Last Friday, President Obama visited the Boeing assembly facility in Everett, Washington to announce new steps to promote American manufacturing and increase U.S. exports. Manufacturing represents nearly 60 percent of total U.S. exports, and Boeing, whose CEO Jim McNerney is Chair of the President's Export Council (PEC), is one of the country’s leading exporters of manufactured goods with more than $34 billion in total exports in 2011. The PEC is chartered  to advise the president on real ways to boost innovation, competitiveness, and trade for American businesses. Mr. McNerney brings great skill and know-how to the PEC.

The Obama administration has provided important support to Boeing’s export success, and the president has made unprecedented efforts to open up markets for American goods and to level the playing field for all American companies.  Over the past year, the president has signed into law a series of trade agreements that will provide a major boost to our exports by making it easier for American companies to sell their products in South Korea, Colombia, and Panama. In addition, record-setting efforts at the Export-Import Bank–through direct loans, credit guarantees, and credit insurance–have helped U.S. exports remain on target to meet the president’s goal to double exports between 2010 and 2015.

PEC Commends Administration Progress on Trade

Burns, Bryson and McNerney

Today, Secretary John Bryson met with members of the President’s Export Council (PEC) to discuss a number of issues, including workforce readiness, export control reform, and Middle East/North Africa commercial engagement.  In addition, Secretary Bryson, along with other Cabinet members and Senior White House officials, provided updates on the recent Asia-Pacific Economic Cooperation meetings, Trans-Pacific Partnerhsip Agreement and Russia WTO Accession.  In response to such updates, the private-sector members of the PEC issued the  following statement and recommendations regarding the administration’s progress on the international trade agenda.

Detroit, Michigan and Windsor, Canada: Intertwined through Manufacturing and Trade

Guest blog by Nicole Lamb-Hale, Assistant Secretary for Manufacturing and Services

Today, I joined members of the President’s Export Council (PEC), U.S. and Canadian officials and U.S. and Canadian businesses to discuss border trade opportunities and challenges between American and Canadian companies. Canada and the United States share a unique relationship = we share not only borders, but economies.

Canada and the United States’ economies are greatly intertwined. The two nations share the world’s largest and most comprehensive trading relationship, which supports millions of jobs in each country. However, Canada and the United States don’t simply trade goods with each other: we build things together and rely on each other’s markets to design and build products that compete in global markets.

In 2010, U.S. Exports to Canada were worth $249.1 billion, 19 percent of total U.S. exports. These exports include motor vehicles and parts, agricultural and construction machinery, computer equipment, iron and steel, basic chemicals and petroleum and coal products.  
The Administration will continue to work hard to help Michigan companies grow by breaking into foreign markets, increasing exports and creating jobs.
The simple fact is that the more American – and Michigan – companies export, the more they produce. The more they produce, the more workers they need. And that means jobs. Good paying jobs here at home.

Secretary Locke Delivers Keynote Address on the Economy at 128th Meeting of Greater Seattle Chamber of Commerce

Alternate TextU.S. Commerce Secretary Gary Locke was in Seattle today speaking with small- and medium-sized businesses about exports and the economy. Afterwards he delivered the keynote address at the annual meeting of the Greater Seattle Chamber of Commerce.

Secretary Locke discussed the progress made and the next steps for President Obama's National Export Initiative (NEI). He also addressed how it is helping to lay the groundwork for sustainable economic growth in Washington state, the nation's most trade-dependent state, and across the country. His remarks today are only one day after he and his colleagues on the Export Promotion Cabinet delivered a detailed report to the president laying out recommendations for how to double U.S. exports.

“Yesterday, at the president’s newly-constituted Export Council – chaired by Jim McNerny, CEO of Boeing – we announced that our renewed focus on trade promotion has contributed to an 18 percent increase in U.S. exports so far in 2010 over the same period last year.

  • U.S. exports of manufactured goods so far in 2010 have risen by 22 percent. U.S. agricultural exports this year are projected to be the second-highest amount ever, with a trade surplus of $30 billion.

These increases are having an impact on the economy: Exports contributed to GDP growth for just as much as domestic consumption in each of the four quarters of recovery."

Exports growth is also impacting employment. Since January, Commerce’s Advocacy Center, in close coordination with the State Department and other agencies, has helped U.S. companies successfully compete for contracts with foreign governments supporting an estimated $11.8 billion in U.S. content. These deals alone support an estimated 70,000 jobs. “

Learn more about the National Export Initiative and read Secretary Locke’s complete remarks.  |  Press release  |  NEI website