For Immediate Release: March 1, 2011
Contact: Mary Trupo (202) 482-3809
Obama Trade Official Launches the Border Export Strategy
San Diego, Ca. – In support of President Obama’s National Export Initiative, Francisco Sánchez, Commerce under secretary for international trade met with San Diego trade community leaders to discuss how improved collaboration in border regions can increase exports. Sanchez spoke to more than 40 business leaders at a reception hosted by the San Diego Chamber of Commerce and the local District Export Council.
“Under the Border Export Strategy, we will work with border communities like the San Diego Mega Region to develop a community- and partner-driven pilot program focused on helping small and medium-sized businesses tap into international markets, compete globally, and grow their businesses beyond our borders,” said Sánchez.
The Border Export Strategy aims to: (1) work collaboratively with local communities, (2) develop and support new ideas that address challenges and foster opportunities along the border, and (3) enhance the accessibility of ITA’s trade promotion activities along our shared borders.
The Border Export Strategy will contribute to the NEI goals of doubling exports over a five-year period to support American jobs here at home, increase the export potential and opportunities for U.S. companies doing business along the shared Canadian and Mexican borders, enhance the community, business and government networks that make these opportunities viable, and continue efforts to reduce trade barriers that impact the flow of secure, efficient and legitimate commerce.
As the two largest export markets, the focus for the strategy will be on the shared border regions of the United States, Mexico and Canada. These areas provide unique opportunities and include distinct challenges for U.S. companies seeking to export goods and services.
Last year, the United States exported over $240 billion to Canada, an increase of $45 billion over the previous year and exports to Mexico grew more than 25 percent in 2010 to over $160 billion.
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