The President’s Export Council

July 7, 2010

Francisco J. Sánchez is the Undersecretary of Commerce for International Trade

It is an exciting thing to further President Obama’s strategy to increase exports to support good-paying American jobs. Today, at the White House the President named important leaders of the business and labor community to the President’s Export Council, a group that will provide critical recommendations for the National Export Initiative. James McNerney, Chairman, President and CEO of The Boeing Company will serve as Chair and Ursula Burns, CEO of Xerox Corporation will serve as Vice Chair.

Over the past couple months, ITA has been working hard to help American companies export more – from increasing our advocacy on behalf of U.S. businesses to leading a record number of trade missions overseas. Additionally, the Trade Promotion Coordinating Committee has been developing strategies that will double exports in five years to support two million jobs.

Across the federal government, work is underway to improve coordination and maximize efforts to help American businesses take advantage of the increasing opportunities in the global marketplace. The leaders who were named to the PEC today will offer invaluable insight to how America can grow its exports to the same degree as other countries.

As the President said today, “This isn’t just about where jobs are today; this is where American jobs will be tomorrow. Ninety-five percent of the world’s customers and fastest growing markets are beyond our borders. So if we want to find new growth streams, if we want to find new markets and new opportunity, we’ve got to compete for those new customers -– because other nations are competing for those new customers.”

At the end of the day, increasing trade means increasing jobs for the American people.

And there is not anything more exciting than that.