Archive for the ‘Trade Policy’ Category

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The North American Clean Energy Partnership Initiative

March 18, 2016

Stephen Sullivan is an International Trade Specialist in the Office of the Western Hemisphere

The United States, Canada, and Mexico have established a global standard for economic integration. Thriving commercial relationships and deeply connected supply chains have led to $1.2 trillion in total two-way goods trade between the United States and its North American partners in 2014.

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Increased trade drives job creation and economic growth.   Integrated supply chains and reduced barriers to trade have built a solid foundation upon which North American competitiveness can continue to be enhanced to the benefit our citizens.  As we prepare for new challenges and opportunities in the 21st Century global marketplace, we must effectively leverage this regional economic integration to ensure continued growth and prosperity.

The North American Clean Energy Partnership Initiative (NACEPI) is one such effort.  Clean Energy is one of the most dynamic, fast-changing, and transformative sectors of the global economy.  A global consensus exists:  the world must deal with the threat of climate change, in part through the deployment of clean energy technologies.  The developed and developing world alike is choosing to promote clean energy through policy incentives to create opportunities and drive investment in almost all markets.

Through NACEPI, we will be working to make North America the dominant player in the use and export of clean energy and environmental technology.   This will entail supporting the development of business linkages among clean energy technology companies in the United States, Mexico, and Canada, with a focus on small and medium-sized enterprises (SMEs).  The initiative will connect North American SMEs to multi-national supply chain opportunities and facilitate access to government and multilateral development bank procurement tenders.

The success of SMEs in the global marketplace is essential to our regional prosperity as these businesses are vital drivers of our respective economies.  In the United States, 63 percent of net new private-sector jobs are generated by SMEs and they account for 33 percent of the total value of U.S. exports.

The launch of NACEPI will take place at Centrallia in Winnipeg, Manitoba, Canada, May 25-27, 2016.  This face-to-face business matchmaking event will serve as a foray into connecting North American clean energy companies.

The U.S. Department of Commerce International Trade Administration’s Office of North America is the lead on this Initiative.  For more information please contact:  Stephen.Sullivan@trade.gov.

 

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Building Stronger Commercial Ties with ASEAN

March 2, 2016

Arun Kumar is ITA’s Assistant Secretary for Global Markets and the Director General of the U.S. and Foreign Commercial Service.

A few weeks ago, President Obama hosted Southeast Asia’s leaders just outside of Los Angeles, California. This summit with the Association of Southeast Asian Nations (ASEAN) preceded a Bay Area “roadshow” allowing the countries’ economic ministers to witness innovation and entrepreneurship in action. The historic week helped highlight the launch of the ASEAN Economic Community (AEC), which will combine the 10 regional economies into a single market.

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Economic Ministers from different Asian countries and their delegations meet with ITA’s Arun Kumar during the ASEAN Economic Minister Roadshow.

For the first time, an American president hosted all 10 ASEAN leaders for a stand-alone summit on U.S. soil. President Obama sought to demonstrate our long-term commitment to Southeast Asia, one of the world’s fastest growing and strategically important regions. U.S.-ASEAN relations are stronger than ever, as reflected in the joint decision to establish a Strategic Partnership in November. U.S. Commerce Secretary Pritzker, U.S. Trade Representative Michael Froman, and the CEOs from Cisco, IBM, and Microsoft were all on hand with the President to greet ASEAN’s leaders.

The two-day ASEAN economic ministers roadshow kicked off with an outstanding conference in San Francisco organized by the U.S.-ASEAN Business Council with senior officials from government, business, and academia. The conference included several memorable speakers including an opening keynote by Indonesian President Joko Widodo and closing remarks by Tony Fernandes, CEO of Air Asia.

The gathering highlighted the realities and possibilities of the U.S.-ASEAN relationship following the launch of the AEC on December 31, 2015. Why does this economic integration initiative matter for the United States?

The ASEAN region represents 632 million consumers and a collective economy of more than $2.4 trillion. Taken together, it constitutes the world’s seventh largest economy. ASEAN is already our fourth largest trading partner with two-way goods and services trade reaching $254 billion in 2014. That reflects a 55 percent increase since 2009, and most importantly, supports more than 500,000 U.S. jobs.

This young and vibrant market will only continue to grow, as almost 60 percent of the region’s citizens are under 35, and its middle class is likely to double to almost 400 million by 2020. The conference participants acknowledged there is work to do to achieve the AEC’s full potential and even discussed plans to secure further gains over the next 10 years. From the ASEAN region’s perspective, the United States is important because of our vast and comparatively wealthy consumer class, strong rule of law, deep and liquid capital markets, and our robust protection of intellectual property.

At a meeting to assess progress under the U.S. Trade and Investment Framework Arrangement with ASEAN countries, we discussed efforts to further enhance trade and investment ties and promote regional integration. We also discussed the recent announcement of U.S.-ASEAN Connect, a new unified strategic vision for U.S. economic engagement with ASEAN, which will facilitate better access to U.S. information, resources, and insights, and augments the existing, on-the-ground U.S. presence through “Connect Centers” in Jakarta, Singapore, and Bangkok.

The ASEAN’s economic ministers and senior U.S. government officials also met with some of the Bay Area’s leading companies and the San Francisco government to exchange views on how to pursue environmentally sustainable growth and digital innovation – two key areas of U.S.-ASEAN cooperation.

We received technology demonstrations by cutting-edge U.S. innovators such as Autodesk, Silver Spring Networks, and Google, and met with Prospect Silicon Valley, a nonprofit technology incubator in San Jose. Autodesk demonstrated the potential of “generative design” that uses software to enable the creation of optimized designs, which are efficient in energy and material usage. Silver Spring Networks, which sells complex solutions for smart cities and power environments, presented examples of how the Internet of Things is conserving energy and resources. At Google, we saw the game-changing potential of their balloons (“loons”) to extend the Internet to remote areas. They are working to pilot loons in India, Indonesia, and Sri Lanka. These visits provided glimpses of how profoundly “software is eating the world,” to quote Marc Andreessen, co-founder of the leading venture capital firm Andreesen Horowitz.

Overall, it was a great couple of days and really fun to be back in Silicon Valley. The visits provided some powerful examples of American leadership in clean energy, digital infrastructure, and smart cities development, and illuminated the possibilities for greater commercial cooperation between the United States and the critically important ASEAN region.

 

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The U.S.-India Strategic and Commercial Dialogue

September 18, 2015

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The U.S.-India Strategic and Commercial Dialogue (S&CD) is the signature, annual forum for policy discussions between the United States Government and the Government of India. It will convene for the first time on September 22, 2015.

As an ongoing forum for policy discussions, the S&CD will serve as a key platform to ensure accountability on commitments, take advantage of the current window of opportunity, and realize the full potential of the U.S.-India commercial relationship.

Under Secretary Selig recently traveled to India in advance of the S&CD. Hear his thoughts on the upcoming dialogue.

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U.S.-China Relations: Great for TV, but Greater for the U.S. Economy

December 11, 2014

This post contains external links. Please review our external linking policy.

Picture of the capitolFrank Underwood doesn’t understand the purpose of the U.S.-China Joint Commission on Commerce and Trade (JCCT).

Maybe you know of Frank Underwood, the main character on the show House of Cards, played by Kevin Spacey. If so, you may remember how he conspired with colleagues in the White House and State Department to orchestrate a trade war with China.

How did he do it? Through the JCCT negotiations.

While Mr. Underwood is commonly known in the United States, it’s much less likely that the average American knows what the JCCT is, aside from it being some way for a fictional administration to create tension with a major U.S. international partner.

Though it isn’t a household term, the importance of the JCCT can’t be overlooked. While Mr. Underwood used the JCCT to start a trade war, the reality is that the United States and China use it to support trade peace – resolving bilateral tensions and exploring areas of mutual cooperation.

The United States and China established the JCCT in 1983 as the primary forum for addressing trade and investment issues, and promoting commercial opportunities between the two countries.

The JCCT has since resulted in significant progress on issues U.S. businesses have identified as priority concerns in China, including:

  • protection and enforcement of intellectual property rights;
  • government procurement;
  • standards, testing, and certifications; and
  • issues specific to certain sectors like information technology, energy, and travel and tourism.

Improving American businesses’ ability to compete on a level playing field in China through the JCCT and other bilateral engagements has contributed to growth of U.S. exports and business activity in China’s market, supporting the American economy and job growth. It has also helped drive important reform in China’s economy, supporting innovation and growth there as well.

The next round of high-level JCCT Meetings are in Chicago this month and we’re looking forward to using this opportunity to address bilateral trade concerns and deepen positive economic engagement between our governments and commercial sectors.

Why does JCCT matter to the average U.S. citizen?

  • China is our second largest trading partner. U.S. total exports to China have nearly tripled since 2005, reaching $122 billion in 2013.
  • U.S. goods & services exports to China support nearly 796,000 U.S. jobs.
  • Continued growth in China’s middle class will create even more promising export opportunities for U.S. companies.
  • To continue with Mr. Underwood’s example, China is now the top goods export market for his home state of South Carolina. The state’s goods exports to China reached $4.9 billion in 2013, which is nearly eight times greater than in 2005.

Lastly, not to quibble with the House of Cards writers, the show makes one important error: the Secretary of State was in charge of the JCCT discussions, and provided guidance to the U.S. team of negotiators.

In fact, that team would have been led by the Secretary of Commerce and the U.S. Trade Representative. Secretary Pritzker and Ambassador Froman will lead the U.S. delegation and be joined by U.S. Secretary of Agriculture, Tom Vilsack. The Chinese delegation will be led by Vice Premier Wang Yang.

While we have yet to see those officials portrayed in the show, we look forward to seeing them play prominent roles in upcoming seasons…

More importantly, we look forward to the 25th JCCT this month, and to seeing the continued positive effects these important meetings have on the U.S. and Chinese economies and our commercial relationship.

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Beyond the Border: United States and Canada Enhance Their Trade Relationship

July 29, 2014

Isabel Sackner-Bernstein is an intern in the International Trade Administration’s Office of Public Affairs. She is studying Strategic Communication at Elon University.

The United States and Canada share more than just a border, and I’m not talking about the dual citizenship of famous pop star, Justin Bieber. The two countries share common values, deep links among their citizens, and deeply rooted economic ties.

To improve this already strong relationship, President Obama and Primer Minister Harper announced the Beyond the Border initiative (BTB) in 2011. BTB programs, developed by the Department of Homeland Security and U.S. Customs and Border Protection, will create effective solutions to manage the flow of traffic across our shared borders. The BTB initiative has already helped U.S. travelers and businesses by reducing wait times at the border.

These reduced wait times will also support our trade relationship, reducing the time and cost of shipping goods across the border.

One of the programs linked to this initiative is the NEXUS program. It allows pre-screened, low-risk travelers to proceed with little or no delay across the border from Canada or the United States. NEXUS membership has increased by nearly 50 percent since BTB’s announcement in 2011, and NEXUS enrolled its one-millionth member in July 2014.

NEXUS isn’t the only BTB program that is making the U.S.-Canada border crossing easier and more secure. Below are a few of the BTB accomplishments to date:

 So why does the BTB initiative matter to you or your company? Here are some key facts about the U.S.-Canada relationship that help explain the importance of BTB:

The United States and Canada have the largest trading relationship in the world. More than $1 billion in trade cross our shared border each day;

  • Canada is one of the largest sources of foreign direct investment in the U.S. economy and vice versa; and,
  • More than 350,000 people cross our shared border each day for work, school, tourism, and to visit family and friends.

Now imagine all those people and products crossing the border every day. BTB is working to make that journey easier for thousands of people so that trade and travel can flourish in both the United States and Canada.

We look forward to the BTB initiative helping Canada become an even more attractive market for U.S. exporters! If you’re ready to explore Canada as a potential market, contact your nearest Export Assistance Center!

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Americas Competitiveness Forum: Enhancing Prosperity of the Western Hemisphere

July 26, 2013

Calynn Jenkins is an intern in the International Trade Administration’s Office of Public Affairs. She is studying political science at American University. 

For the United States, the Western Hemisphere has provided a fertile ground for export opportunity. It is the destination for approximately 42 percent of U.S. exports, more than any other region across the globe. Since 2009, U.S. goods exports to the Western Hemisphere increased by more than $200 billion to nearly $650 billion, supporting almost four million U.S. jobs in 2011.

Specifically, exports to Canada, Mexico, Brazil, Panama, and Colombia are at an all-time high. The United States’ relationship with these Western Hemisphere partners is a top priority for global development.

That’s why the America’s Competitiveness Forum (ACF) is such a key event for the region.

Since 2007, the ACF has provided Western Hemisphere nations a chance to come together to share priorities, successes, and lessons learned to support sustainable growth in the region. It has attracted thousands of participants from the region’s public and private sectors, including heads of state and economic ministers, as well as leaders from business, academia, and civil society.

This year’s forum will take place in Panama City, Panama from Oct. 2-4. It will be an important step toward furthering the relationships that exist within the hemisphere. It will also provide U.S. companies access to high-level officials and potential clients to explore new export opportunities.

For more information about the ACF or to register for the Forum, visit: http://www.competitivenessforum.org/.

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Under Secretary Sánchez Participates in Americas Competitiveness Forum

October 31, 2012

This post contains external links. Please review our external linking policy.

Marc Buergi is a fellow in the Office of Public Affairs at the International Trade Administration

U.S. Commerce Under Secretary for International Trade Francisco Sánchez led Commerce’s delegation to this year’s Americas Competitiveness Forum (ACF) in Cali, Colombia, October 24-26.

Sánchez’s participation underscored the U.S. government’s commitment to enhance the competitiveness of the Americas – a region that is vital to the U.S. economy. With Mexico and Canada, it not only includes two of our three largest trading partners, but also some of our key trade agreement partners, including the host country Colombia.

The Obama administration and the Commerce Department are firmly committed to strengthening U.S. trade within the Western Hemisphere. At the 2012 Summit of the Americas, President Obama announced a number of initiatives designed to enhance this important trade relationship. These included the 100,000 Strong Initiative to expand student education exchanges; and the creation of the Innovation Fund of the Americas that increases access to export financing thereby expanding trade opportunities for small and medium-sized enterprises.

In Cali, Sánchez reported on the strong efforts of all U.S. government agencies to advance these initiatives.

The ACF, first held in 2007, tries to improve the region’s competitiveness through innovation, entrepreneurship, public-private partnership and mutual engagement. Hundreds  of representatives from the region’s public and private sector participated in a continental dialogue on competitiveness. Among the numerous guests were heads of state, ministers of economy, commerce, trade and industry, and leaders from academia, civil society, and business.

This year’s ACF helped further develop the goals established at last year’s Forum in the Dominican Republic: In 2011, the “Santo Domingo Consensus” set forth 10 objectives to promote progress toward a more competitive and prosperous region in areas like education, infrastructure, and trade liberalization.

The participants of this year’s ACF learned about the progress and experiences the countries made in adopting the 10 principles: At the opening event of the Forum, the Inter-American Competitiveness Network presented its report “Signs of Competitiveness of the Americas.”

The ACF featured several collateral events, including a business ethics workshop focused on the medical device industry in the Americas, a higher education forum focused on STEM disciplines (science, technology, engineering, and mathematics) and a closed door meeting of ministers of trade, commerce and industry.

Commerce is looking forward to helping deliver on the action items put forward at this important event.

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