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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Opinion: China is 'pouring money into Africa.' Here's how the US can level the playing field

By Commerce Secretary Wilbur Ross and Senator Chris Coons The African continent offers real opportunities thanks to some of the world's fastest growing economies and an expanding labor force. As a Cabinet Secretary and a Democratic Member of the Senate Foreign Relations Committee, respectively, we agree that the United States must do more to present our African partners with better alternatives to...

U.S. Secretary of Commerce Wilbur Ross Announces Programs to Increase U.S. Commercial Engagement in the Indo-Pacific Region

Press releases
Following Secretary of Commerce Wilbur Ross’s participation in the Indo-Pacific Business Forum today, the Department of Commerce is announcing its plan to dedicate three of its upcoming flagship events to Indo-Pacific themes: Discover Global Markets (DGM): Indo-Pacific – will take place in Salt Lake City, Utah, December 10-12, 2018 and will highlight opportunities for U.S. exporters in Asia. It...

U.S. Department of Commerce Congratulates Tom Gilman, White House Pick to be Assistant Secretary of Commerce and Chief Financial Officer

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross congratulated Mr. Tom Gilman after the White House announced their intent to nominate him to be the Assistant Secretary of Commerce for Administration and Chief Financial Officer. Mr. Gilman has considerable experience as a leader across several industries and as a valued advisor to business leaders around the world. Ms. Lisa Casias, currently...

U.S. Department of Commerce Announces Call for Nominations to Investment Advisory Council

Press releases
The U.S Department of Commerce announced today that it is accepting nominations for the Secretary’s Investment Advisory Council. The role of the Council is to consider ways to attract and retain foreign direct investment (FDI) in the United States. Comprehensively, the United States is home to more FDI than any other country in the world, with a total stock of $3.7 trillion at the end of 2016....

Secretary Ross's Keynote Address at the U.S.-Ghana Business Forum

Introduced by Joe Mensah, President of AmCham Ghana. Good afternoon, and thank you, Joe, for that kind introduction. Thank you, too, Vice President Bawumia, and the Ministers from the Ghana government who are with us today. And a special thank you to the American Chamber for hosting this gathering of leaders from the Ghana government and business community, along with your members and guests....

U.S. Secretary of Commerce Wilbur Ross, President’s Advisory Council on Doing Business in Africa, Announce $1 Billion in Deals during Africa Mission

Press releases
U.S. Secretary of Commerce Wilbur Ross and a delegation from the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) announced over $1 billion in private-sector deals during their mission to four sub-Saharan nations. PAC-DBIA members expect to quickly conclude more than $2 billion in additional deals in the coming days. The four-nation visit, which included stops in Ethiopia, Kenya...

Africa Matters: Why the U.S. Should Bolster its Trading Relationships with African Countries

Businesses can help grow African economies, create more job opportunities and export more products to the continent’s markets. This post is part of a series highlighting the four-nation President’s Advisory Council on Doing Business in Africa (PAC-DBIA) fact-finding mission led by the Secretary of Commerce and the Under Secretary of Commerce for the International Trade Administration. For more...

First Stop of PAC-DBIA Africa Trip in Ethiopia Yields Wins and Future Trade Opportunities for U.S. Companies

The following is a cross-post from Tradeology, the official blog of the International Trade Administration (ITA) This is the first in a series of posts highlighting a four-nation President’s Advisory Council on Doing Business in Africa (PAC-DBIA) fact-finding mission led by U.S. Under Secretary of Commerce for International Trade Gilbert Kaplan. For more information on the PAC-DBIA visit https:/...

Secretary Wilbur Ross Concludes SelectUSA Investment Summit with $600 Million Announced in New Deals, Supporting 650 U.S. Jobs

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross concluded the fifth SelectUSA Investment Summit. More than 3,000 people attended this year’s Summit, including 1,200 business representatives from 66 foreign markets, and economic development organizations (EDOs) from 51 U.S. states and territories. During the event, Secretary Ross was joined by 10 Governors, five Cabinet secretaries, as well as...

SelectUSA’s Annual Summit Begins Today, Highlights Foreign Investment in U.S. with $600 Million for New Projects

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross opened the fifth annual SelectUSA Investment Summit, which brings together international companies, U.S. economic development organizations, and other stakeholders to explore job-creating investment opportunities across the United States. “SelectUSA is the premier event for international companies seeking new opportunities in the United States,”...