Weekly Trade Spotlight: The National Export Initiative
As Ambassador Kirk continues to travel the country this fall discussing the benefits of trade, he’s highlighting President Obama’s plan to double exports within the next five years. This week's trade spotlight will focus on that National Export Initiative.
President Obama unveiled his National Export Initiative (NEI) earlier this year during the annual State of the Union address. It’s part of his comprehensive plan to rebuild and restore the American economy.
The NEI seeks to double exports from the United States over the next five years. Those exports could support up to two million new jobs, because selling abroad leads to growing businesses and economic growth here at home. Exports are key to America’s economic recovery.
Already, the United States is seeing progress. According to the Department of Commerce, this month’s economic numbers show that U.S. exports through the first seven months of 2010 are up by 17.9 percent, more than $1 billion, from 2009.
This initiative represents the Administration’s commitment to facilitating trade and increasing U.S. competitiveness in the global market. New trade deals, like the U. S.–Korea trade agreement and the Trans-Pacific Partnership (TPP), will open new markets for U.S. businesses and goods.
For the last nine months, Ambassador Kirk has been traveling the country in support of the NEI, meeting with business executives, ranchers, entrepreneurs, and American workers along the way. Ambassador Kirk is hoping to encourage open discussion about expanding exports and growing America’s businesses.
American workers, farmers, and small business owners are a priority of this Administration. USTR is and will continue to work to expand America’s economic recovery.