Bureau of Economic and Business Affairs

Empowering Growth, Securing Our Future

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Every day, the Bureau of Economic and Business Affairs (EB) works to create jobs at home, boost economic opportunities overseas, and make America more secure. Under the leadership of Acting Under Secretary of State for Economic Growth, Energy, and the Environment and Assistant Secretary of State for the Bureau of Economic and Business Affairs Manisha Singh, we promote a strong American economy by ensuring a level-playing field for American companies doing business around the world and attracting foreign investors to create jobs in America. Economics has become the indispensable foreign policy tool of our time, enabling us to build relationships through trade and enforce sanctions against terrorists, human rights abusers, and corrupt officials. Everything we do is to ensure that the United States remains the world’s strongest and most dynamic economy.
Leadership»


Ensuring Venezuela's Constitutional Order and Safety of Elected Officials

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Robert Palladino (Jan. 12): "We call on all Venezuelans to uphold and respect the role of the National Assembly, as established in the Venezuelan Constitution of 1999, and, in particular, for the security forces and the armed forces to respect all protections the constitution affords to Guaido and the other members of the National Assembly, especially their safety and welfare." Full Text»

 


U.S.-Greece Strategic Dialogue

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On December 13, the U.S. and Greece held the inaugural U.S.-Greece Strategic Dialogue in Washington, DC. Secretary Pompeo and Greek Acting Minister of Foreign Affairs George Katrougalos launched the Dialogue, which included high-level interagency representation from both countries. Joint Statement» More»


Strengthening Economic Cooperation With the Republic of Korea

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Dec. 7: Assistant Secretary Singh led talks with Vice Foreign Minister Lee Taeho of the Republic of Korea during the latter’s official visit to Washington, D.C. They discussed the importance of the U.S.-Korea economic relationship, and prospects for greater cooperation in global health security, energy, and women’s economic empowerment. The parties signed a memorandum of understanding to advance cooperation on these issues. More»


International Anticorruption Day

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Secretary Pompeo: "Corruption facilitates transnational crime, fuels terrorism, obstructs economic growth and development, weakens the rule of law, and undermines democracy. Ultimately, it endangers our national security. That is why, as we look ahead to International Anticorruption Day on December 9, we pledge to continue working with our partners to prevent and combat corruption worldwide." Full Text»


Global Magnitsky Sanctions on Individuals Involved in the Killing of Jamal Khashoggi

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Secretary Pompeo (Nov. 15): "The U.S. imposed sanctions on seventeen Saudi Arabian individuals for serious human rights abuse resulting from their roles in the killing of Jamal Khashoggi at the Consulate of the Kingdom of Saudi Arabia in Istanbul, Turkey, on October 2. This action was taken under the authority of Executive Order 13818, which implements and builds upon the Global Magnitsky Human Rights Accountability Act." Full Text» Treasury Release»


Update on Iran Policy And sanctions

Secretary Pompeo (Nov. 5): "Our objective is to starve the Iranian regime of the revenue it uses to fund violent and destabilizing activities throughout the Middle East, and indeed around the world. Our ultimate goal is to convince the regime to abandon its current revolutionary course." Full Text» Constraining Iran's Nuclear Program»Treasury Fact Sheet» Outlaw Regime Report» More»


Election of Ms. Bogdan-Martin to the ITU

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Department Spokesperson Nauert (Nov. 2): "The U.S. congratulates Doreen Bogdan-Martin for her election as Director of the International Telecommunication Union’s Bureau of Telecommunication Development. We were honored to support her candidacy for this position and believe she is the right person for the job. Ms. Bogdan-Martin is the first woman to be elected for any senior leadership position at the ITU in its 153-year history." Full Text»


Agricultural Applications of Precision Biotechnology

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Department Spokesperson Nauert (Nov. 2): "We welcome the International Statement on Agricultural Applications of Precision Biotechnology. Precision biotechnology innovations, such as gene editing, will help our farmers and ranchers and others around the world to increase productivity and promote plant and animal health." Full Text»


Travel to Brussels and Jerusalem

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From October 18-22, Assistant Secretary Manisha Singh traveled to Brussels and Jerusalem. In Brussels, the Assistant Secretary attended the Privacy Shield annual review. President Trump has appointed Assistant Secretary Singh to perform the duties of the Office of the Under Secretary for Economic Growth, Energy, and the Environment, including those of the Privacy Shield Ombudsperson. On October 21, Assistant Secretary Singh conducted bilateral meetings in Tel Aviv, and on October 22, she participated in the 33rd U.S.-Israel Joint Economic Development Group session in Jerusalem. More»


2018 AWARD FOR CORPORATE EXCELLENCE

Assistant Secretary Singh (Oct. 5): "The winners today in Sustainable Operations and Women’s Economic Empowerment are a sign of our times. At this point in consumer purchases, we’ve found that American consumers, worldwide consumers, want to purchase products that are sourced responsibly, that are made by companies who care about the environments in which they operate. So responsible business is not just a smart thing to do, but it also contributes to a company’s bottom line." Full Text» More»


2018 Benjamin Joy Award

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Assistant Secretary Singh (Oct. 4): "The Benjamin Joy Award was created in 2016 to recognize the benefits to American businesses and to America’s foreign policy when the U.S. government works together to advance commercial diplomacy and help U.S. firms, bringing to the effort all of our interagency tools...Congratulations to all of our nominees for their outstanding work and especially to our winner Embassy Vientiane." Full Text»