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Mar072017

Secretary of Commerce Wilbur L. Ross, Jr. today announced that China’s Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd., known collectively as ZTE, has agreed to a record-high combined civil and criminal penalty of $1.19 billion, pending approval from the courts, after illegally shipping telecommunications equipment to Iran and North Korea in violation of...

Mar072017

U.S. Secretary of Commerce Wilbur Ross issued the following statement today on the release of the January 2017 U.S. International Trade in Goods and Services monthly data. The trade deficit in January stood at $48.5 billion, a 9.6 percent increase from December. U.S. imports of goods and services increased to $240.6 billion in January from $235.3 billion in December.  U.S. exports of goods and...

Jan122017

U.S. Secretary of Commerce Penny Pritzker today issued a new report, Improving American Competitiveness: Best Practices by U.S. Port Communities, that documents operational best practices that leading U.S. ports and supply chains have implemented to overcome challenges associated with increasing vessel sizes, trade volumes, and industry complexity. The American Association of Port Authorities...

Jan122017

The U.S. Department of Commerce today released a report proposing steps the Department can take to advance the Internet of Things (IoT). The “green paper” examines the benefits and challenges of the evolving IoT landscape and suggests that the U.S. government should continue to foster an enabling environment for innovative technology to grow and thrive.

Jan092017

U.S. Secretary of Commerce Penny Pritzker today announced her intent to establish the Advisory Council on Trade Enforcement and Compliance (ACTEC) within the Department of Commerce. The ACTEC will provide a dedicated forum for stakeholders to advise the Secretary on trade enforcement and agreement compliance matters, thereby advancing the competitiveness of U.S. firms and workers.

Jan052017

U.S. Secretary of Commerce Penny Pritzker today submitted her exit memorandum to President Obama highlighting the Department of Commerce’s major accomplishments that helped grow the U.S. economy during the past eight years. Secretary Pritzker’s “Open for Business” agenda focused the efforts of the Department’s 12 bureaus and 46,000 employees on five pillars – trade and investment; innovation;...

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