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Trade

U.S. Exports Reached Record High in 2012

Shipping containers destined for Europe are loaded in Boston. In 2012 record levels of U.S. exports were recorded in capital goods; automotive vehicles, parts and engines; consumer goods; and travel and tourism. Photo: ©AP Images

Shipping containers destined for Europe are loaded in Boston. In 2012 record levels of U.S. exports were recorded in capital goods; automotive vehicles, parts and engines; consumer goods; and travel and tourism. Photo: ©AP Images

The Department of Commerce has announced that the export of U.S. goods and services reached an all-time record during 2012, growing $92.6 billion for a total of $2.2 trillion as the U.S. economy continues to make progress toward President Obama’s goal of doubling exports from their 2009 levels. In a February 8 statement, Acting Secretary of Commerce Rebecca Blank said record levels of exports were recorded in a variety of areas, including capital goods; automotive vehicles, parts and engines; consumer goods; and travel and tourism. Read the full article.

U.S.-EU Highlights

Streamlined Trade of Organic Products between United States and European Union Begins

Organic products certified in the United States or European Union may now be sold as organic in either market. Although there are slight differences between the United States and European Union organic standards, both parties individually determined that their programs were equivalent, thereby allowing the agreement that opened up trade yesterday June 4. "This agreement provides economic opportunities for certified organic farmers as well as additional incentives for prospective farmers," said Miles McEvoy, National Organic Program Deputy Administrator. "We look forward to working with our European Union counterparts to support organic agriculture." Read the USDA press release | More information on the trade partnership | Read the joint statement | U.S. Organic Industry Praises U.S.-EU Partnership in Organic Trade (2012-02-15) | United States and European Union Agree to Historic New Partnership on Organic Trade (2012-02-15)

State of the Union Address

  • February 2013 is Black History Month

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