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Blog Category: Francisco Sánchez

New Investment by Embraer in Florida Creates New Opportunities and New Jobs

Participants in ribbon-cutting ceremony

Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International Trade

Yesterday I was honored to participate in the opening ceremony for the new Embraer assembly facility in Melbourne, Florida. Embraer is a Brazilian manufacturer of commercial, general aviation, and defense aircraft, and this new plant will employ up to 200 people from the area.

The ceremony embodied what I believe in about the future:

  • Exports create jobs;
  • The key to the future of the American economy is international trade; and
  • Economic integration among the nations of the hemisphere is how all of us remain competitive in the face of rising global competition.

The aircraft assembled in the new facility symbolize the growth of the hemispheric market and represents how international trade brings the economies of the hemisphere closer to each other.

Brazil and the United States understand that hundreds of millions of new consumers are giving birth to a new global market that will demand quantity as well quality.  Quantity and quality almost define Embraer itself.

Defining the future, too, are the United States and Brazil, which is why President Obama will be travelling to Brazil next month.  The gathering of dignitaries yesterday in many ways can be looked upon as part of the President’s visit to Brazil, for it incorporates the spirit and intention of the journey.

The United States is also interested in launching an Aviation Cooperation Program with Brazil.  We see this as a way of elevating and deepening our relationships with the Brazilian government and industry. 

All of us should embrace Embraer’s decision to build this assembly plant in Florida.  It foreshadows the greater future that lies before us and Florida – and before the United States and Brazil as well.

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