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Getting to Know the Benefits of TPP Country by Country

Blogged By: 
Eric Holloway, Deputy Director
Created on May 10, 2016
 

Trans-Pacific Partnership logoU.S companies have a brand new resource available to them with the recently released Trans-Pacific Partnership Opportunities by Market report from the International Trade Administration (ITA). Educating U.S businesses and workers on the benefits of TPP is an important role for ITA. The ITA Trans-Pacific Partnership (TPP) series of factsheets highlight opportunities for businesses by state, sector and now for each of the TPP markets. With this added report businesses can reference each of the 11 TPP partner markets’ top export sectors, how TPP will make it easier to do business in each of the TPP partner markets, or explore how existing tariffs will be eliminated once TPP is enacted.

TPP will offer a more balanced trade environment for U.S. businesses of all sizes. This agreement encompasses a diverse range of 11 countries, opening the door for new trade opportunities and improving on existing trade relationships. Goods exports to TPP countries supported 3.1 million U.S. jobs in 2014. In that same year the TPP countries for which the United States does not have an existing trade agreement (Brunei, Japan, Malaysia, New Zealand, Vietnam) collectively accounted for $726.5 billion in exports.

USTDA Upcoming Events - Unlock Global Business Opportunities!

Blogged By: 
U.S. Trade and Development Agency News
Created on May 10, 2016
 

May 15 - 22, 2016: China Green Airport Construction RTM

Locations: Chicago, IL; Los Angeles, CA; Seattle, WA

USTDA will host a China Green Airport Construction RTM to connect U.S. industry with development opportunities overseas. The delegation is interested in procuring cutting-edge green construction equipment and waste recycling technologies from the U.S. for airport construction projects in China. 

June 6 - 10, 2016: Energy Technologies for Central America and Caribbean Water Utilities RTM

Locations: Washington, D.C.; Columbus, OH; Atlanta, GA

MBDA Reflects on Hannover Messe 2016

Blogged By: 
Verlinda Harris, MBDA Management Analyst
Created on May 12, 2016
 

HANNOVER MESSE

The Minority Business Development Agency's (MBDA) participation in Hannover Messe 2016 has been an extraordinary experience. With the U.S. participating as the partner country, the U.S. Department of Commerce and Select USA undertook the enormous challenge of ensuring that American businesses and opportunities were front and center for anyone interested in doing business in America. With an original goal of 200 businesses recruited to exhibit, we were extremely proud to learn that the final number was more than 400, including the businesses and stakeholders that MBDA recruited.

With the U.S. serving as the partner country, the event was already an exciting challenge, but President Obama's participation created additional exhilaration. Hannover Messe has proven to be a significant opportunity for MBDA, our delegation, and staff. Practically every industry was represented in one way or another. MBDA was showcased in the U.S. Investment Pavilion among several other federal and state government representatives offering trade and investment opportunities.

Please join Business Forward for a conference call with President Barack Obama

Blogged By: 
MBDA
Created on May 4, 2016
 

To cap off National Small Business Week, President Obama and senior Administration officials will join Business Forward’s nationwide network of business leaders to discuss the role of small business in growing the American economy. The discussion will focus on key economic initiatives, including the Trans-Pacific Partnership.

In addition to hearing from the President, business leaders from across the country will have the opportunity to ask questions of Administration officials about how various economic policies affect their companies, employees, and local economies.

World Trade Month: The Importance of Global Trade

Blogged By: 
Stefan M. Selig is the U.S. Under Secretary of Commerce
Created on May 4, 2016
 

World Trade MonthEvery year, World Trade Month—designated for the month of May—gives us the opportunity to acknowledge the importance of global trade, and look back at the economic advancements we have made as a result. This World Trade Month, we can look back and appreciate the success we have accomplished.

In 2015, our exports totaled $2.23 trillion, we increased our exports to 58 international markets, and we achieved record exports with 20 global partners. Our export success was one aspect of a strong year for the U.S. economy where our auto industry experienced its best year ever and our manufacturing sector reached record highs for output. Exports also contributed to our economy, supporting 11.5 million U.S. jobs and accounting for nearly 13 percent of U.S. GDP. In addition, last year, U.S. services exports tallied another strong year. In fact, business services; telecommunications, computer and information services; and travel all reached export increases of more than $1 billion.

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