Annual Export Strategy Reviews Progress, Outlines Future Efforts
The Department of Commerce released Dec. 22 the 2016 National Export Strategy, which details ongoing U.S. government’s efforts to help U.S. companies conduct business abroad. The document highlights how U.S. businesses and workers have benefited over the past eight years and serves both as a review of results and as a path forward.
Among other things, the NES describes in detail how U.S. trade promotion agencies assist companies to increase global sales, create local jobs, and therefore grow the U.S. economy, and how these agencies provide U.S. businesses with tools, services, and resources for every phase of the exporting journey. The DOC notes that as of 2015 exports supported an estimated 11.5 million jobs in the U.S., representing almost 10 percent of U.S. private sector employment.
According to the DOC, the five major areas that the U.S. government will continue to focus include connecting U.S. businesses to the global consumer, making international shipments more streamlined and less expensive, expanding access to export finance, promoting exports and investment as a development priority for states and cities, and opening additional markets and enforcing international trade rules and regulations.