Posts Tagged ‘NEI’

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Building Exports in the Bluegrass State

February 19, 2013

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Francisco Sánchez serves as the Under Secretary of Commerce for International Trade. 

“We should remember that today’s world presents not just dangers, not just threats — it presents opportunity.” This statement from President Obama’s State of the Union speech confirms the belief that free trade and open markets are a benefit in our globalized world.

In Louisville, Ky., this belief is nothing new, as the town has been growing its economy by focusing on exporting to foreign markets.

That is why I joined Mayor Greg Fischer in Louisville today to sign a Memorandum of Understanding (MOU) between the International Trade Administration (ITA) and the City of Louisville in a team effort to improve local exports. Congressman John Yarmuth (KY-3) also joined us to celebrate this exciting new partnership and highlight what this means for the community.

Our new MOU extends the success we have seen through the Bluegrass Economic Advancement Movement (BEAM), a joint venture between the mayors of Louisville and Lexington, designed to support the growth of high-quality jobs in advanced manufacturing throughout a 22-county region.

BEAM is a particularly exceptional achievement because it is the realization of the National Export Initiative (NEI) localized through the Brookings Institute’s Metropolitan Export Initiative (MEI). It represents a way in which cities and towns can engage in international trade to reap the benefits of increased exports.

Together, these initiatives are all working in concert to increase U.S. exports.

And there is no better place to talk exports than Kentucky.

Kentucky depends heavily on manufacturing, such as civilian aircraft, engines, and parts. In fact, 96 percent of Kentucky’s $19.3 billion in exports in 2010 came from manufacturing.  These numbers continued to grow through 2012 – and the growth rate ranks Kentucky 11th among other states in 2012 – which is extremely impressive.

Kentucky is also a great example of how the NEI and our efforts here at the International Trade Administration are helping the U.S. compete in manufacturing as we focus on bringing manufacturing back to the States and selling our products abroad.

This was my first time in Louisville, but after seeing the enthusiasm for exporting from smaller businesses like Universal Woods to larger companies like UPS, I am already looking forward to coming back and supporting Kentucky’s exciting export growth.

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Backing U.S. Industries to Support U.S. Exports

February 4, 2013

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Chris Higginbotham is a communication specialist with the International Trade Administration’s Office of Public Affairs.

How could $300,000 help your industry increase exports?

The International Trade Administration (ITA) is accepting applications for federal funding for U.S. industries that are looking to increase the business they do overseas. Each year, ITA makes several financial assistance awards, called Market Development Cooperator Program (MDCP) awards, to industry groups to pursue projects that help U.S. firms export and create jobs.

“Any project we support has to aim to create or sustain U.S. jobs by increasing or sustaining exports,” says MDCP Director Brad Hess. “We’re specifically interested in industries with the capability to execute the projects they’re proposing.”

Nine industry groups earned awards up to $300,000 in 2012. On average from 1997 through 2012, every one dollar awarded has generated $258 in exports.

Industries receiving awards do need a solid business plan and must provide financial backing of their own to qualify for an MDCP award. For every dollar given to an industry by ITA, the industry group must provide two of its own.

The MDCP is not available to private companies; it’s specifically meant to help organizations that represent a large segment of an industry.

“The primary reason we have this program is that we can have an impact on more companies by reaching out to industry groups,” Hess said.

The application period closes on Feb. 28. ITA published a step-by-step guide to applying for an MDCP award.

Not every application earns a financial award, but any American business is welcome to seek help with competing globally throughout the year at one of ITA’s more than 100 offices in the U.S. and in more than 70 countries worldwide. ITA officials can also refer you to resources and respond to technical and informational questions during the MDCP application process.

Even if an application doesn’t earn funding, ITA debriefs all applicants and provides feedback as to why an application was or was not funded.

“It’s to an organization’s benefit to apply even if it doesn’t succeed,” Hess said. “Next year, that organization can apply again and utilize feedback to be really competitive for an award.”

The MDCP awards were created in legislation in 1988. Congress created the program as unique way to “develop, maintain and expand foreign markets for nonagricultural U.S. goods and services.” The first MDCP awards were given in 1993 totaling $2 million.

Visit the MDCP award homepage to learn more about the awards and the application process. If you have any questions about the program, please visit the frequently asked questions page. You can also contact Hess directly or join the conversation on Twitter using the hashtag #MDCPaward.

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Under Secretary Sánchez to Speak on Panel for Technology-Based Global Innovation

January 31, 2013

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Tyler Braswell is an intern for the International Trade Administration’s Office of Public Affairs. He is studying International Business and attends George Washington University.

The Digital Age is upon us. The effect of digital technology on the global market has been well documented as technology-based companies continue to supply the world with innovative methods and products that increase the quality and efficiency of American lives and businesses.  The creation of jobs due to new technology as well as the continued financial success of technology-based firms has made the promotion of technology-based innovation a top priority for any economy looking to compete internationally.

President Obama’s plan to make high-speed wireless services available to 98% of Americans will make technology-based software and products even more accessible to American consumers. As technology is integrated more deeply into society, the U.S. is working to ensure that these integrations directly translate to domestic economic growth.

On Feb. 4, Francisco Sánchez, Under Secretary of Commerce for International Trade, will participate in an event hosted by the Information Technology Innovation Foundation (ITIF). The ITIF is a non-partisan think tank whose mission is to help American policymakers better understand the nature of a new innovation-driven economy.

The ITIF discussion panel will focus on the increase in global competition to host technology-based firms and the benefits that hosting such companies can have on a country’s economy. The event will also feature information on how countries attract technology-based firms and what the U.S. has done to improve its appeal to those firms. The Under Secretary will be joined on the panel by the general counsels for NCR and Qualcomm.

Sánchez and the panel will answer questions from industry participants concerning the advantages currently offered to firms that choose to do business within the United States.

The Under Secretary will also provide information on certain policies the U.S. has enacted to promote technology-based industry within the U.S. as well as trade agreements designed to benefit American companies.

The U.S. is actively advancing trade agreements and initiatives to broaden market access. Technology-based firms will be among the primary beneficiaries. Trade agreements like the Trans-Pacific Partnership (TPP) will help technology-based firms by expanding access to key Asian markets and removing bans on border crossing data-flows.

American leaders—both in government and business—appreciate that supporting technology-based firms is necessary to achieve President Obama’s goal of increasing our exports and re-balancing our economy, which are embedded in the National Export Initiative. This event will reaffirm the International Trade Administration’s commitment to increase exports, further the global expansion of domestic businesses, and attract new technology-based industries to the U.S. economy.

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Putting International Trade at the Local Level

January 30, 2013

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Elías González is an intern in the International Trade Administration Office of Public Affairs, and is a former West Point Cadet and graduate from the University of Pennsylvania.

Should local governments pay attention to international trade? American trade leaders think so and they’re helping city leaders take a bite out of the export pie.

International trade was a hot topic at the U.S. Conference of Mayors’ Winter Meeting in Washington, DC this month, and representatives from the International Trade Administration (ITA) used the opportunity to illustrate how U.S. competitiveness depends on local communities.

Francisco Sánchez, Under Secretary for International Trade, emphasized the importance of the president’s National Export Initiative (NEI).  He said that 95 percent of consumers live outside the U.S., and that the NEI is instrumental in helping American businesses access those foreign markets. He also lauded its success, citing that U.S. exports reached a record $2.1 trillion in 2011 and that data when available next month will likely show that 2012 was even higher.

In a separate task force meeting, Walter Bastian, Deputy Secretary for the Western Hemisphere here at ITA, reaffirmed the importance of international trade, pointing out that trade with Mexico alone produces an average of $1 million a minute for the U.S. economy.

Bastian emphasized the importance of the Trans-Pacific Partnership (TPP), a trade agreement among several Asian, Pacific, and North American countries, and how it will strengthen trade with Mexico. He said that it will help reduce the cost of doing business, potentially making that million-dollar-a-minute figure higher.

Sánchez and Bastian were quick to note that the economic benefits from trade are not felt only by the U.S. as a whole, but by local communities as well.

In a cooperative effort to help local communities enter the exporting business efficiently, ITA has partnered with the Brookings Institution on the Metropolitan Export Initiative (MEI). Several metropolitan areas in the U.S. are already participating, and the Under Secretary urged the mayors to utilize the tools the ITA provides. The MEI is one of many tools in place to remedy inefficiency. Inefficiency at the border—issues like long wait times for trucks—cost upwards of $6 billion per year.

Initiatives like the MEI help local communities gain greater control over their exports and create more efficient and beneficial trade partnerships.

Under Secretary Sánchez concluded his discussion at the conference by emphasizing that cities need to prioritize exports, reach new markets, and draw new investments. He reiterated what he and Bastian deemed crucial, that as cities succeed the country succeeds, and that ITA is here to help.

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The Untold Story About the U.S.-Mexico Border

September 28, 2012

Michael Camuñez is the Assistant Secretary of Commerce for Market Access and Compliance

Violence. Narco-trafficking. Illegal Immigration. A place of great insecurity. Listen to the national media and these are the images they would have you believe define and characterize the U.S.-Mexico Border. It’s true, Mexico is confronting serious security challenges and is working hard to tackle them, making progress each day in part with the assistance of the United States. But the benefits derived from scale and magnitude of our economic partnership with Mexico—still one of the best performing and fastest growing economies in the G20 and OECD—literally dwarf those challenges. And that’s a story that’s well worth remembering.

Assistant Secretary for Market Access and Compliance Michael Camuñez delivers remarks during "Realizing the Economic Strength of Our 21st Century Border: Trade, Education, and Jobs"

Assistant Secretary for Market Access and Compliance Michael Camuñez delivers remarks during “Realizing the Economic Strength of Our 21st Century Border: Trade, Education, and Jobs” (Photo Tim Trumble)

That’s why earlier this week in Tempe, Arizona, I convened and, together with Arizona State University’s Center for Trans-border Studies, co-hosted a bi-national conference focused on the commercial importance of the border region. The conference, entitled “Realizing the Economic Strength of Our 21st Century Border: Trade, Education, and Jobs,” brought together a diverse and distinguished group of leaders from academia, the private and public sector leaders, and members of civil society from throughout the border region. Our goal was two-fold: to identify and share strategies that will promote economic growth and job creation through increased trade; and to raise awareness and build consensus concerning the economic contribution of the border region to the U.S. and Mexican economies. In short, the conference was about changing the narrative about the U.S.-Mexico border by telling the full story about how and why the border region is a key driver of our global competitiveness and shared prosperity. As evidenced in a recent Arizona Republic editorial highlighting the conference, our efforts are already paying off.

I’ve previously written extensively about how the border region is vital to the U.S.-Mexico commercial relationship, which is one of the most dynamic economic partnerships in the world. In 2011, two way trade in goods and services between the U.S. and Mexico exceeded a staggering half trillion dollars. U.S. exports to Mexico totaled close to $200 billion, exceeding our exports to Brazil, Russia, India and China combined! According to the U.S. Chamber of Commerce, approximately 6 million U.S. jobs depend on trade with our southern neighbor. Six million jobs!

And what happens on the border doesn’t solely affect border towns and border states. More than 20 U.S. states count Mexico as their first or second largest export market, and 28 states did more than $1 billion in trade with Mexico in 2011.

Manufacturers in Michigan, Indiana, Ohio, Illinois and throughout America depend on integrated U.S.-Mexico supply chains to bring components, supplies and finished goods back and forth across the border every day, sustaining millions of jobs in factories around the country. And this doesn’t even get to the nearly 13.5 million Mexican tourists who traveled to the U.S. in 2011 and spent $9.2 billion supporting the U.S. economy.

Given the importance of this powerful relationship, the Obama Administration launched the Border Export Strategy to highlight the significance of the U.S.-Mexico trade relationship and, more specifically, the vibrant, diverse, and talented communities that make up the border region. This week’s conference, which was attended by more than 250 leaders from both countries, is a key element of that strategy, which in turn supports the President’s National Export Initiative, the aim of which is to double U.S. exports by the end of 2014.

The conference also advanced the 2010 joint declaration by Presidents Obama and Calderon on 21st Century Border Management, which is designed to enhance economic competitiveness while augmenting our nation’s security and public safety by supporting a bilateral border master plan process for infrastructure projects in order to increase capacity; expand trusted traveler and shipper programs; and explore opportunities for pre-clearance, pre-inspection, and pre-screening processes for commercial goods and travelers.

The conference agenda was packed with substantive discussions and industry-focused breakout panels; it also included important fora where U.S. and Mexican border mayors, members of congress, governors and industry leaders came together to talk about how the border economy is driving growth throughout the region. As co-host, I delivered a keynote address and helped facilitate a discussion concerning the Obama Administration’s 21st Century Border Management Initiative with counterparts from Mexico, Customs and Border Patrol, and the State Department. We also had a chance to hear from representatives of Mexican President-Elect Peña-Nieto, who shared the incoming administration’s vision for the region.

My primary message at the conference was to convey that President Obama and his administration understand the value of border trade and the contributions that border communities make each and every day to our national wellbeing. I also emphasized that the United States and Mexico, together with Canada to the north, comprise one of the most competitive regional platforms in the world. With our open borders, low tariffs, strong protections for intellectual property, low energy costs, integrated supply chains, and, most importantly, our skilled work force, our nations are working cooperatively to bring jobs back from remote shores, which is one reason why, for the first time in a decade, U.S. manufacturing job growth is again on the rise. The border truly is a source of strength for both countries, and it is a region that merits investment, support and serious attention from Washington. I’m proud that the Obama Administration is telling that story.

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How Has Exporting Helped Your Business?

March 12, 2012

President Obama announced the National Export Initiative (NEI) two years ago, with the goal of doubling exports by 2014. Here is a timeline of those first two years.

While it is an ambitious goal to double exports within five years, there are many individual successes of companies finding new markets, new buyers and new opportunities that will help realize this goal.

For example, there’s the exporter of routers who sells in 80 countries, or the aircraft manufacturer who lands a large order in Japan. Together these successes will help increase our national exports.

Here at the International Trade Administration, we’ve helped to coordinate 77 trade missions to 38 countries with 1,123 companies participating. In case you didn’t know, that’s a lot. A whole lot. These companies have reported that they’ve secured more than $1.25 billion so far in export sales as a direct result of these trade missions.

The success of the NEI depends on your successes. We invite you to share your export success stories with us. How has exporting helped you and your business?

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New Videos Highlight Priority Markets for U.S. Exporters

September 9, 2011

Emerging and “next-tier” markets will be crucial to the growth of U.S. exports during the coming years. Six of those markets are the subject of a series of new videos now available online.

by John Ward, a writer in the International Trade Administration’s Office of Public Affairs.

U.S. exporters looking to learn more about how to enter emerging markets in Asia and South Asia now have a valuable introduction through a series of videos on Export.gov, the U.S. government’s export portal. The six videos, which were produced by the International Trade Administration’s Trade Information Center, run approximately three minutes each and examine export opportunities for U.S. companies in China, India, Indonesia, Taiwan, Thailand, and Vietnam.

Each video contains an interview with a U.S. and Foreign Commercial Service (USFCS) officer who outlines three things to know about his or her market and highlights sectors in which U.S. companies are especially competitive. The remarks are specifically targeted to U.S. companies—especially small and medium-sized enterprises—that may have not previously considered exporting to these markets.

For More Information

To see the six new videos, visit http://export.gov/nei/eg_main_033266.asp. Each market also has links to additional information. For more information, visit the U.S. government’s export portal at www.export.gov or call the Trade Information Center at 1-800-USA-TRAD(E) (1-800-872-8723).

“Three Things to Know about the India Market” features Judy Reinke, senior commercial officer, U.S. Embassy, New Delhi, India.

Growing Markets

According to Judy Reinke, senior commercial officer in New Delhi and one of the commercial officers interviewed, U.S. companies have plenty of room to expand in a market such as India. “There is a growing and sustainable middle class [in India]. Right now, some 300 million people are in the middle class. Within 10 to 15 years that could reach 600 million.… We can help a company in any business sector where there is growth.”

A 2009 study conducted for the Department of Commerce found that 58 percent of U.S. exporters sell to only one market, mainly Canada. Along with countries with which the United States has signed a free trade agreement, emerging markets, such as the six highlighted in the videos, present some of the best opportunities for U.S. exporters because of their higher-than-average growth rates.

Meeting U.S. Export Goals

According to the International Monetary Fund, emerging economies are expected to post annual growth rates of more than 6 percent during the coming years, compared with a little more than 2 percent for the developed world. Expanding U.S. exports to those growing markets will be a critical factor in meeting the National Export Initiative’s goal to double U.S. exports by the end of 2014.

For each market in the videos, the Department of Commerce offers a variety of resources, and its in-country specialists stand ready to assist U.S. exporters. Don Nay, senior commercial officer in Hanoi, Vietnam, noted, “We have a lot of opportunities and a lot of success stories. We want to have more.”

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