National Export Initiative
Update – US Department of Commerce Funding – Action Needed
The Obama Administration proposed a $534 million budget for the US Department of Commerce – International Trade Administration (including the US Commercial Service) for 2011 and received $450 million. The Administration’s request for 2012 was scaled back to $526 million, but the current budget bill in the Senate cuts it even more to $441 million.
Senate appropriators said in their report accompanying the bill, S. 1572 while the NEI is a “worthy plan,” it cannot be funded “for the second year in a row because funding for the International
Trade Administration is stalled.”
According to the U.S. International Trade Administration, the National Export Initiative (NEI) is a multi-year effort to increase U.S. jobs by increasing the number of companies exporting and expanding the number of markets current U.S. companies sell to. The federal government’s trade promotion and export finance agencies are ready to help U.S. businesses large and small meet this challenge.
Over the months and years ahead, the NEI will:
- Work to help companies shipping to only one market expand their sales to new markets.
- Expand the availability of credit for small and medium-sized enterprises (SME’s).
- Improve online tools to make information easier to find and faster to use.
- Work to reduce trade barriers that are in your way to increasing your exports.
| CalChamber Hosts International Forum for APEC (Asia Pacific Economic Cooperation), NEI (President's National Export Initiative) and GoED (Governor's Office of Economic Development) |
VIDEO: Speaking on the National Export Initiative
Assistant Secretary Suresh Kumar,
Director-General of the U.S. & Foreign
Service, U.S. Department of Commerce |
CalChamber Forum Highlights Asia Pacific, Exports, Economic Development
CalChamber Top Story - May 20, 2010
The vital role international trade plays in California’s economic recovery was discussed by two trade officials from the Obama administration during an international forum this week presented by the The 100 forum attendees were also introduced to the executive director of the newly created Governor’s Office of Economic Development (GoED).
CalChamber Council for International Trade.
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