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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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Related Content

Year in Review: Commerce's Top 21 Stories of 2021

Blog
As we welcome 2022, we reflect on some of the most popular stories and issues from the past year. Last year, the 40th Secretary of Commerce Gina M. Raimondo outlined how the Commerce Department contributes to President Biden's Build Back Better agenda. "Our strategy is designed to achieve an overarching goal: to improve America’s economic competitiveness so that our workers and our companies...

Readout of Secretary Gina Raimondo’s Call with Turkey’s Minister of Trade, Mehmet Muş

Press releases
Today, Secretary Gina Raimondo held a virtual introductory meeting with the Minster of Trade of Turkey, Mehmet Muş. The Secretary and Minister Muş reaffirmed their commitment to deepening engagement aimed at increasing bilateral trade between the U.S. and Turkey. During the meeting, Secretary Raimondo raised concerns about recent actions of the Turkish government that have undermined the security...

Readout of Secretary Gina M. Raimondo’s Call with Minister of Trade, Industry, and Energy of the Republic of Korea Moon Sung Wook

Press releases
Today, Secretary Gina M. Raimondo held a call with Minister of Trade, Industry, and Energy of the Republic of Korea Moon Sung Wook to discuss the development of President Biden’s Indo-Pacific economic framework as well as U.S.-South Korea commercial engagement on semiconductors and supply chain resilience. During the call, Secretary Raimondo noted that the U.S. shares South Korea’s goal of...

Readout of Secretary Gina M. Raimondo’s Call with Australian Minister for Trade, Tourism and Investment of Australia Dan Tehan

Press releases
Today, Secretary Gina M. Raimondo spoke with the Australian Minister for Trade, Tourism, and Investment Dan Tehan to further discuss the development of President Biden’s Indo-Pacific economic framework. Secretary Raimondo and Minister Tehan also shared updates with each other on progress made to relaunch the U.S.-Australia Critical Minerals Working Group, which they jointly announced after their...

Readout of Secretary Gina M. Raimondo’s Call with Singapore’s Minister for Communications and Information Josephine Teo

Press releases
Today, Secretary Gina M. Raimondo held a call with Singapore’s Minster for Communications and Information Josephine Teo, where they discussed collaboration on the digital economy and shared updates on the U.S.-Singapore Partnership for Growth and Innovation since their last meeting during Secretary Raimondo’s trip to the region. Secretary Raimondo also welcomed Minister Teo’s thoughts as the...

Referendum Passes: Commerce Department to Establish First-Ever Concrete Masonry Checkoff Program Beginning December 18

Press releases
The Department of Commerce today announced the results of the referendum to establish an industry-funded checkoff program devoted to the research, education, and promotion of concrete masonry products. The Concrete Checkoff Program will be the first-ever Checkoff Program at the Department of Commerce. The referendum, which passed with support from 62% of Concrete Masonry Units (CMU) Manufacturers...

Secretary Raimondo's Remarks on Increasing American Competitiveness at the Economic Club of New York

Speeches
Thank you, Barbara, for that introduction, and thank you to the New York Economic Club for hosting me today. It’s always great to be here in New York, especially during the holiday season when this city is so festive. We’re here together in person; people are out and about in the streets. It’s good to see a return to normalcy. As we end the year and reflect on where we are, it has been a...

Readout of Secretary Gina M. Raimondo’s Joint Meeting with Anne-Marie Trevelyan, U.K. Secretary of State for International Trade and Nadine Dorries, U.K. Secretary of State for Digital, Culture, Media and Sport

Press releases
Today, Secretary Gina M. Raimondo participated in a joint meeting with Anne-Marie Trevelyan, UK Secretary of State for International Trade, and Nadine Dorries, UK Secretary of State for Digital, Culture, Media and Sport. Secretary Raimondo and Secretary of State Trevelyan discussed finding a path early in the new year for both governments to engage expeditiously in consultations on steel and...

U.S. – U.K. Joint Statement on Deepening the Data Partnership

Press releases
Today, the United States Commerce Secretary Gina M. Raimondo and the U.K. Secretary of State for Digital, Culture, Media & Sport Nadine Dorries issued the following statement on their governments’ shared commitment to deepening the UK-U.S. data partnership to realize a more peaceful and prosperous future by promoting the trustworthy use and exchange of data across borders: “The UK and the U.S. can...

Readout of Secretary Gina M. Raimondo’s Meeting with Executive Vice-President of the European Commission Margrethe Vestager

Press releases
Today, Secretary Gina M. Raimondo met with Executive Vice-President of the European Commission Margrethe Vestager. During the meeting, Secretary Raimondo and Executive Vice-President Vestager discussed progress since the U.S.-EU Trade and Technology Council’s (TTC) first meeting on September 29, 2021, in Pittsburgh, Pa. They also laid out next steps for the TTC working groups to deepen their...