Commerce Secretary Gary Locke Unveils Details of the National Export Initiative

February 8, 2010 at 1:26 pm

New effort central to President Obama’s goal of doubling U.S. exports and supporting new jobs

WASHINGTON—Commerce Secretary Gary Locke unveiled details of President Obama’s National Export Initiative (NEI) at a luncheon today at the National Press Club. During last week’s State of the Union speech, the president announced a goal of doubling exports over the next five years to support two million jobs in America.

Locke detailed how the Export Initiative will help the country reach that goal—providing more funding, more focus and more cabinet-level coordination to grow U.S. exports. The NEI represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.

“Increasing the export of American products and services to global markets can help revive the fortunes of U.S. companies, spur future economic growth and support jobs here at home,” Locke said. “This initiative will correct an economic blind spot that has allowed other countries to chip away at the United States’ international competitiveness.”

Source: U.S. Department of Commerce
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