Export and investment promotion

Exports and foreign direct investment (FDI) are proven job generators. Exported goods and services supported 10.7 million well-paying U.S. jobs in 2016. In 2015, majority-owned U.S. affiliates of foreign companies directly employed 6.8 million Americans.

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Secretary of Commerce Wilbur Ross Travels to Greece and Turkey

Press releases
Over the past two weeks, U.S. Secretary of Commerce Wilbur Ross traveled to Greece and Turkey to discuss the United States’ economic relationships with these nations as well as the best route to strengthening their commercial partnerships with the U.S. “The United States is an essential economic partner to countries across the Eastern Mediterranean,” said Secretary of Commerce Wilbur Ross. “With...

Joint Press Statement from Commissioner Věra Jourová and Secretary of Commerce Wilbur Ross on the Third Annual EU-U.S. Privacy Shield Review

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross and EU Commissioner for Justice, Consumers, and Gender Equality Věra Jourová made the following statement regarding the third annual joint review of the EU-U.S. Privacy Shield Framework: “Senior officials from the United States Government, the European Commission, and EU data protection authorities gathered in Washington, DC on September 12 and 13 to...

Remarks By Secretary Wilbur Ross at the Privacy Shield Framework, Third Annual Review

Thank you, Jim, for that kind introduction. Good morning everyone, and welcome to the Third Annual Joint Review of the EU – U.S. Privacy Shield Framework. Thank you, Director-General Astola — and the entire European delegation — for making the trans-Atlantic trip to discuss Privacy Shield and our shared commitment to protecting personal data. Commissioner Jourova was called to meetings with...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the Union of Chambers and Commodity Exchanges (TOBB) Reception & Dinner in Ankara, Turkey

Thank you for that kind introduction. It is my pleasure to be with all of you in Turkey. We arrived in Istanbul last Friday, where we had meetings with American and Turkish companies, and government ministers, and we took time over the weekend to tour the city. This has been a great country over the millennia, and it remains so today. The culture, the energy, the dynamism — they are apparent...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at American Chamber of Commerce (AmCham) in Athens, Greece

Introduced by AmCham Greece President Nikos Bakatselos Thank you, Nikos for the kind introduction, and the opportunity to meet with you and fellow AmCham members. I am pleased to be back in Greece almost a year to the day from my attending last year’s Thessaloniki International Fair. A lot has happened since then, including the formation of a new government, and highly successful bond offerings on...

U.S. Metro Areas Exported $1.5 Trillion in Merchandise Across the World in 2018

Earlier this week, the U.S. Department of Commerce's International Trade Administration released the 2018 goods export data for the nation's 392 Metropolitan Statistical Areas (MSA), highlighting that U.S. metro areas exported a significant $1.5 trillion in merchandise across the world last year. In fact, from 2017 to 2018, exports from MSAs increased $110.3 billion – or 8.1 percent, and 259...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at Merit Medical Systems in Salt Lake City, Utah

Introduced by Utah Governor Gary R. Herbert Thank you, Governor Herbert, for that kind introduction. It is my honor to be here with Vice President Pence and Governor Herbert, and with the Medical Merit Systems’ workforce and CEO Fred Lampropoulos. It is also a pleasure to be with Sen. Romney; Congressman Bishop; and the peerless, Senator Hatch. Utah has always been well represented in Washington,...

Remarks by Commerce Secretary Wilbur L. Ross at Elite Well Services in Artesia, New Mexico

Introduced by Claire Chase, Member of Elite Well Services ’ Board of Directors Thank you, Claire, for that kind introduction. It is my honor to be here with Vice President Pence and with a company doing so much to improve the fortunes of so many people in New Mexico and throughout America. You are providing the country with the energy independence that has eluded us since the first Arab Oil...

Secretary Ross Announces Appointments to the Department’s Advisory Council on Foreign Direct Investment

The following is a cross-post from Tradeology , the official blog of the International Trade Administration Representatives from more than two dozen economic development organizations and business executives from across the United States will soon provide something invaluable to the federal government: their expertise on how the Administration can best attract and utilize the largest amount of...

Secretary of Commerce Wilbur Ross Completes South American Trip

Press releases
From July 29th to August 6th, U.S. Secretary of Commerce Wilbur Ross visited three South American countries – Brazil, Argentina, and Peru – in order to further solidify the strong relationships the United States has with these nations as well as to push for an end to the ongoing crisis in Venezuela. “South American nations are critical partners for the United States in economic, political, and...