The United States Departments of Commerce (DoC) and Defense (DoD) have signed a Memorandum of Agreement (MOA) to expand collaboration to strengthen the U.S. semiconductor defense industrial base. The agreement will increase information sharing between the Departments to facilitate close coordination on the CHIPS for America’s incentives program, ensuring that their respective investments position...

Secretary Gina Raimondo met with Panama’s National Secretary of Science, Dr. Eduardo Ortega-Barria and Minister of Commerce and Industry Federico Alfaro to explore how to promote a competitive business environment that achieves social and economic goals. They highlighted opportunities for collaboration in the semiconductor sector to diversify and strengthen supply chains. The leaders also explored...

PANAMA CITY – Today, Secretary Gina Raimondo met with Panamanian President Laurentino Cortizo, Minister of Foreign Affairs Janaina Tewaney Mencomo, and Minister of Commerce and Industry Federico Alfaro reaffirming our strong bilateral trade and economic ties. The Secretary thanked the President for his hospitality and expressed the importance of the U.S.-Panama relationship in advancing...

Attorney General Merrick B. Garland hosted Secretary of Commerce Gina Raimondo and European Commissioner for Justice Didier Reynders for a meeting at the Justice Department today marking the European Union (EU)’s recognition of the adequacy of the EU-U.S. Data Privacy Framework (DPF). “The DPF is a testament to the strength of the U.S.-EU relationship, and it reflects our joint commitment to...

U.S. companies can self-certify their compliance with the EU-U.S. Data Privacy Framework Principles to participate in the cross-border transfers of personal data. The U.S. Department of Commerce launched the Data Privacy Framework (DPF) program website today, enabling eligible U.S. companies to self-certify their participation in the EU-U.S. Data Privacy Framework (EU-U.S. DPF), facilitating cross...

BUSAN, South Korea—The U.S. Department of Commerce and the Office of the United States Trade Representative (USTR) participated in the fourth in-person negotiating round for the Indo-Pacific Economic Framework for Prosperity (IPEF) in Busan, South Korea from July 9-15, 2023. The U.S. delegation was co-led by Sharon H. Yuan, U.S. Department of Commerce Counselor and IPEF Pillars II-IV Chief...

Today, U.S. Secretary of Commerce Gina Raimondo issued the following statement regarding the European Union-U.S. Data Privacy Framework (DPF): “The United States welcomes the European Union’s adoption of an adequacy decision for the DPF. This framework, announced by President Joe Biden and European Commission President Ursula von der Leyen in March 2022, represents the culmination of years of...

Today, the Department of Commerce and NOAA are launching the Ocean-Based Climate Resilience Accelerators program , a $60 million investment in coastal resilience and American small businesses through President Biden’s Investing in America agenda. The program, funded by the Inflation Reduction Act , will foster public-private partnerships to help support small businesses that are developing...