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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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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

Op-eds
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...

Readout of Secretary Raimondo’s Meeting with Ukrainian First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko

Press releases
Today, Secretary of Commerce Gina Raimondo welcomed First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko to Washington D.C. During their meeting, Secretary Raimondo expressed the U.S. government’s continued strong support for Ukraine in the face of Russian aggression, and First Deputy Prime Minister Svyrydenko briefed Raimondo on Russia’s recent attacks on Ukraine’s energy...

Joint Statement: U.S. Department of Commerce and Singapore Ministry of Trade and Industry Celebrate Inaugural U.S.-Singapore Partnership for Growth and Innovation Annual Dialogue

Press releases
Today, U.S. Under Secretary of Commerce for International Trade Marisa Lago and Singapore Permanent Secretary of the Ministry of Trade and Industry Gabriel Lim held the inaugural U.S.-Singapore Partnership for Growth and Innovation (PGI) annual dialogue. The dialogue convened private sector and civil society representatives from both countries to help review PGI activities and outcomes in 2022 and...