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Exports and foreign direct investment (FDI) are proven job generators. Exported goods and services supported 10.7 million well-paying U.S. jobs in 2016. In 2015, majority-owned U.S. affiliates of foreign companies directly employed 6.8 million Americans.
U.S. Secretary of Commerce Gina Raimondo and the Republic of Korea’s Minister of Trade, Industry, and Energy Moon Sung Wook met today in Washington D.C. Following up on the May 9 roundtable held with President Moon Jae-In, Minister Moon Sung Wook, and U.S. and Korean business leaders, they discussed next steps on implementing the U.S.-Korea Commercial Forum, which will include holding events with...
U.S. Secretary of Commerce Gina Raimondo will make her first official visit to Asia from Nov. 15-18, where she will meet with government officials and business leaders in Japan, Singapore and Malaysia. Secretary Raimondo will visit the Indo-Pacific region to reaffirm our commitment and strengthen our economic relationship with allies and key partners. Her trip comes on the heels of President Biden...
Today, the Department of Commerce honored 31 U.S. companies and organizations that export goods and services overseas by naming them winners of the 2021 President’s “E” Awards. This year’s winners hail from 20 states, and of the 31 honorees, 25 are small and medium-sized businesses, and 14 firms are manufacturers. “I am honored to recognize the tremendous achievements of this year’s ‘E’ Awards...
Today, Secretary of Commerce Gina Raimondo and Japan’s Minister of Economy, Trade and Industry Hagiuda Koichi held an introductory meeting via teleconference. The Secretary congratulated the Minister on his recent reappointment by the Prime Minister. The Secretary and Minister discussed opportunities to grow the U.S.-Japan commercial relationship. They also discussed collaborative efforts to...
Today, Secretary of Commerce Gina Raimondo and Canada’s Minister of Innovation, Science and Industry François-Philippe Champagne met in Washington to discuss areas of cooperation that build upon the Roadmap for a Renewed U.S.-Canada Partnership. The Secretary and Minister outlined a work plan to build back better together by increasing cross-border collaboration and advancing post-COVID-19...
President Biden’s historic trade arrangement with the European Union continues to receive praise from both sides of the aisle, as well as business, labor, and environmental leaders. This simply reinforces that the world’s first carbon-based sectoral arrangement on steel and aluminum trade is a win for American workers, businesses, families, and the environment by protecting good-paying union jobs...
Given the joint desire of the United States and the European Union (“EU”) to address non-market excess capacity so as to preserve their critical steel and aluminum industries, the United States and the EU agree to the following: 1. Ongoing cooperation a. Trade Remedy/Customs Cooperation: To advance their efforts to address excess capacity, both sides agree to expand U.S./EU coordination involving...
Today, the U.S. Department of Commerce issued the following statement regarding the ongoing consultations between the United States and Japan on issues related to steel and aluminum: "The United States is consulting closely with Japan on bilateral and multilateral issues related to steel and aluminum, with a focus on the impacts of overcapacity on the global steel and aluminum markets, the need...
Deputy Secretary of Commerce Don Graves traveled to Riyadh, Saudi Arabia, between October 24-29 to attend the Future Investment Initiative (FII) Institute’s fifth conference where he advanced the Administration’s Build Back Better World (B3W) initiative; promoted U.S. green economy and infrastructure products and services as opportunities to support the Kingdom’s climate objectives; and promoted...
Today, U.S. Secretary of Commerce Gina M. Raimondo issued the following statement in response to new guidance from Centers for Disease Control and Prevention (CDC) on the extension of the Conditional Sail Order (CSO) governing cruise travel that will now expire on January 15, 2022. “After a year and a half of close collaboration between cruise line partners and the federal government, this major...