Statement from U.S. Commerce Secretary Penny Pritzker on International Trade in Goods and Services in January 2014

www.commerce.gov Friday, March 7, 2014

“U.S. exports are off to a solid start in 2014, and we will build on that success in the months and years ahead,” said U.S. Secretary of Commerce Penny Pritzker. “The U.S. Department of Commerce will continue helping U.S. companies access new markets so they can reach the 95 percent of worldwide consumers who live outside our borders. We know that when our businesses sell their goods around the world, they create growth and opportunity here at home. Exports supported 11.3 million jobs nationwide last year, and we’re working hard to ensure more U.S. communities benefit from the job opportunities and economic benefits that come from exporting companies.”

Since President Obama launched the National Export Initiative (NEI) in 2010, the United States has seen an increase of 1.6 million export-supported jobs. The NEI is the first Presidential-led, government-wide export promotion strategy. Through the initiative’s focus on improving trade promotion and advocacy, reducing barriers and enforcing trade rules, U.S. exports have continued to grow. The United States exported a record $2.3 trillion dollars last year, up nearly $700 billion from 2009. Fact Sheet.

No More Silos! (Part 2)

Setting the Stage: Engagement in the Global Marketplace

Francisco Sanchez, the undersecretary for international trade at the Commerce Department who leads the International Trade Administration and heads up its work to improve the global marketplace and help U.S. firms compete overseas, opened the March 2013 meeting on trade policy and international marketing (View photos of the event here).

On the third anniversary of the National Export Initiative, which had anticipated a doubling of U.S. exports within five years, Sanchez told the group that everyone has to be engaged globally.

U.S. exports, with a volume of $2.2 trillion in 2012, support 10 million jobs, which typically tend to pay 18% more than jobs only for domestic production. In 2008, Sanchez stated, 47% of Americans saw trade as a major threat. In 2013, 55% see trade as a positive dimension. Sanchez sees a new U.S. trade emphasis on Africa and Brazil, and key emerging opportunities through transpacific and transatlantic partnerships. He views export promotion as a new form of economic development.

This article is a part of a series written by Michael Czinkota and Charles Skuba who report on the March 2013 meeting on trade policy and international marketing, a collaboration between the American Marketing Association, Georgetown University and the U.S. International Trade Administration. View part 1 hereGuest writer Charles Skuba teaches international business and marketing at Georgetown University. He served in the George W. Bush Administration in trade policy positions in the U.S. Department of Commerce.