Geographic inequality has widened over the past four decades. The gap in incomes between richer places and poorer places has grown. Strikingly, geographic income inequality continued to climb in recent years even though many measures of overall income and wage inequality have narrowed somewhat as wage growth has been strongest for lower-wage workers . Rising geographic inequality suggests that...

Thank you, Under Secretary Cravins. Hello everyone! Welcome to the Commerce Department’s first annual Access Summit, and this convening on Business Diversity! Thank you to all the private sector and philanthropic organizations, thought leaders, experts, and U.S. government colleagues for joining this important conversation. I’d like to thank my good friend, Mayor Stephen Benjamin, Director of the...

The U.S. Department of Commerce and the Office of the United States Trade Representative today announced that a U.S. delegation will travel to Busan, South Korea, for the fourth negotiating round of the Indo-Pacific Economic Framework (IPEF) from July 9-15, 2023. The U.S. interagency delegation will be co-led by Sharon H. Yuan, U.S. Department of Commerce Counselor and Chief Negotiator for Pillars...

U.S. Secretary of Commerce Gina Raimondo and UK Secretary of State for Science, Innovation, and Technology the Rt Hon Chloe Smith MP issued a joint statement yesterday on the announcement that both countries have committed in principle to establish a data bridge. “Today, President Joseph R. Biden and Prime Minister Rishi Sunak announced that they have committed in principle to establish a data...

Today, Deputy Secretary Don Graves met with Dutch Minister of Economic Affairs and Climate Micky Adriaansens to discuss transatlantic cooperation and the U.S.-EU relationship, including progress from the fourth U.S.-EU Trade and Technology Council (TTC) Ministerial meeting on May 31. Deputy Secretary Graves highlighted opportunities within the CHIPs and Science Act and underscored the United...

Export and Investment Promotion, ICT Supply Chain, Manufacturing, Clean Energy, Standards U.S. Under Secretary of Commerce for International Trade Marisa Lago and Singapore Permanent Secretary (Policy) of the Ministry of Trade and Industry Gabriel Lim met in Singapore on Monday for the second U.S.-Singapore Partnership for Growth and Innovation (PGI) annual dialogue. The PGI is a bilateral...

June is National Ocean Month through a Presidential Proclamation , coinciding with World Ocean Day, celebrated annually on June 8th. While the ocean is well-known for its natural beauty and mysteries, it also provides practical benefits such as producing oxygen and absorbing carbon dioxide emissions, influencing global climate and weather patterns, providing sustainable sources of protein, and...

On Tuesday, June 13, 2023, U.S. Deputy Secretary of Commerce Don Graves will host a Business Diversity Convening of private sector leaders on corporate diversity, equity, inclusion, and accessibility (DEIA) initiatives as part of the first Access Summit: Unlocking Opportunities for All. The event will be open press. The event will bring leading companies and thought leaders together to discuss why...