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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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Readout of Secretary Raimondo’s Meeting with Minister of Economy, Trade and Industry of Japan Yasutoshi Nishimura

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Yesterday, Secretary of Commerce Gina Raimondo held a teleconference with her Japanese counterpart, Minister of Economy, Trade and Industry Yasutoshi Nishimura. During their meeting, the Secretary and Minister discussed ongoing collaboration on the Indo-Pacific Economic Framework for Prosperity (IPEF), which will have its first round of in-person negotiations in Brisbane, Australia, between...

Remarks by Deputy Secretary of Commerce Don Graves at the NetZero World Industry Summit

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Good morning. Thank you, Secretary Granholm, for the introduction. It is a pleasure to be here with so many stakeholders of the Net Zero World Initiative. I would like to thank Secretary Granholm and the Department of Energy for partnering with the Department of Commerce on this important forum, as well as the U.S. companies, partner country officials, U.S. National Laboratories, and...

U.S. Secretary of Commerce Gina Raimondo and European Commission Executive Vice-President Margrethe Vestager Announce U.S.-EU Trade and Technology Council Talent for Growth Task Force

Press releases
Today, the U.S.-EU Trade and Technology Council (TTC) Co-Chairs U.S. Secretary of Commerce Gina Raimondo and European Commission (EC) Executive Vice-President Margrethe Vestager announced on behalf of the TTC the creation of the Talent for Growth Task Force. The Task Force will help position the U.S. and EU to achieve a well-trained workforce, which is critical to maintaining our leadership in...

FACT SHEET: U.S.-EU Trade and Technology Council Advances Concrete Action on Transatlantic Cooperation

Fact sheets
The U.S.-EU Trade and Technology Council (TTC) held its third ministerial meeting on December 5 at the University of Maryland in College Park. Secretary of State Antony J. Blinken, Secretary of Commerce Gina Raimondo, and United States Trade Representative Katherine Tai co-chaired the meeting with European Commission Executive Vice Presidents Margrethe Vestager and Valdis Dombrovskis to discuss...

U.S.-EU Joint Statement of the Trade and Technology Council

Press releases
I. Introduction The U.S.-EU Trade and Technology Council (TTC) met outside Washington, D.C., on December 5, 2022. The meeting was co-chaired by U.S. Secretary of State Antony Blinken, U.S. Secretary of Commerce Gina Raimondo, U.S. Trade Representative Katherine Tai, European Commission Executive Vice President Margrethe Vestager, and European Commission Executive Vice President Valdis Dombrovskis...

Africa-U.S.: Commercial Ties will Shape the Partnership in the 21st Century

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By Don Graves and Gregory Meeks In early August, with its release of its strategy toward sub-Saharan Africa, the Biden-Harris administration laid out a bold vision for a 21st-century US-Africa partnership. The strategy and the upcoming Africa Leaders Summit, which President Biden and his deputy Harris will host in December, comes at the right time. Africa’s economic transformation — spurred by its...

Advocating for U.S. Businesses: Commerce Secretary Lauds Westinghouse Electric for Major Export Win to Poland

Press releases
Poland has announced that Westinghouse Electric of Cranberry Township, Pennsylvania, will serve as technology supplier for its new national nuclear power program—a project that will support 62,500 American jobs and further Poland's transition to clean energy. The selection of Westinghouse is a culmination of 12 years of U.S. advocacy efforts by the Department of Commerce alongside the Departments...

Department of Commerce Statement on December IPEF Negotiations in Australia

Press releases
Today, the Department of Commerce released the following statement after the Australian government’s announcement that the first round of in-person negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF) will be hosted in Brisbane between December 10-15, 2022. “We look forward to building on the foundation that the United States and its 13 partners established during the first...

Readout of Secretary Raimondo’s Meeting with EU Commission Executive Vice President Margrethe Vestager

Press releases
Yesterday, U.S. Secretary of Commerce Gina Raimondo virtually met with EU Commission Executive Vice President Margrethe Vestager to discuss ongoing coordination within the U.S.-EU Trade and Technology Council (TTC), opportunities for coordination on U.S. and EU CHIPs legislation and to further engage on technology policy issues. Secretary Raimondo stressed the importance of continuing progress...

Readout from Secretary Raimondo’s Participation in the Virtual Launch of the U.S.-India CEO Forum

Press releases
Today, U.S. Secretary of Commerce Gina Raimondo and Indian Minister of Commerce and Industry Piyush Goyal officially launched the U.S.-India CEO Forum. They were joined by the Forum’s Private Sector Co-Chairs James Taiclet (Chairman, President, and CEO, Lockheed Martin Corporation) and Natarajan Chandrasekaran (Chairman, Tata Sons), as well as other members of the U.S. and Indian CEO sections...