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Diplomacy in Action

Sidebar on The National Export Initiative


Bureau of Resource Management
Report
November 15, 2010

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Photo showing Deputy U.S. Trade Representative Marantis at an event coordinated by the U.S. Export Assistance Center in Middletown, Connecticut, June 16, 2010.

Deputy U.S. Trade Representative Marantis at an event coordinated by the U.S. Export Assistance Center in Middletown, Connecticut, June 16, 2010.

The National Export Initiative (NEI) is a government-wide effort to double U.S. exports over the next five years and support two million U.S. jobs, coordinated by the newly created Export Promotion Cabinet that reports to the President. American firms need to find new markets as part of our economic recovery. The United States exported $1.57 trillion in goods and services in 2009, which made up 11 percent of our economic output and supported over 10 million jobs. NEI components are:

Expanding Trade Advocacy — U.S. Government agencies will inform U.S. companies about export opportunities, connecting them with new customers and partners and advocating for their interests.

Access to Credit — Export-Import Bank financing programs will be expanded by $10 billion over the next two years with a special focus on small- and medium-sized enterprises.

Removing Trade Barriers — U.S. Government agencies will enforce international trade laws to level the playing field for American companies, pursuing balanced trade agreements that improve market access for U.S. workers, firms, farmers and ranchers.

The NEI will expand U.S. Government assistance to small- and medium-sized firms by assisting first-time exporters and working with established exporters to broaden their markets. U.S. agencies will ensure that companies use Federal resources available for export support including credits, technical assistance, commercial and political risk insurance, trade missions, and advocacy by U.S. officials. The United States will work through the G-20 to promote balanced growth in the global economy, ensure that trade agreements are enforced, and work to shape a Doha trade agreement that opens markets. U.S. Embassies and Consulates are key advocates for U.S. businesses overseas and can offer U.S. exporters critical country-specific insight on markets, assist in commercial and investment disputes, and offer expertise on local judicial systems. The Department also facilitates visas for companies doing business overseas — see http://travel.state.gov/visa/temp/types/types_2664.html.




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