US exports offer opportunities for economic growth

Thursday, 03 June 2010 01:37:17 (GMT+3)   |  
Increased global trade and the growing interdependence among nations of the world has resulted in a historic opportunity for US exporters, according to US Under Secretary of Commerce for International Trade Francisco Sánchez.

"President Obama's National Export Initiative (NEI) has two short-term goals: double exports in the next five years and support two million jobs. The priority focus of the NEI is to put America on a track to take full advantage of the global marketplace."

The NEI goals require a repositioning of America's strategic outlook in regards to exporting, and Department of Commerce's International Trade Administration (ITA) plays a major role in implementing the necessary initiatives and programs designed to achieve these objectives.

"I have implemented a 12-month plan that refocuses how ITA works," Sánchez said. "We will give added emphasis to companies that already export and are ready for new markets."

Sánchez also noted that commercial engagement strategies are being developed for emerging nations, including Brazil, India, China, Vietnam, and South Africa, that will be targeted to help ensure long-term success of the NEI.

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