White House calls for stepped-up export efforts to boost economy

09:18, June 29, 2011      

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The Obama administration Tuesday highlighted the importance of strengthened export efforts to the U.S. economic recovery and competitiveness on a global stage.

"U.S. businesses, farmers, manufacturers and service providers are among the most competitive in the world. Every company, farm, factory and partnership needs to be thinking about exporting their goods and services to new international markets," U.S. President Barack Obama said on Tuesday.

Obama noted that the federal government must seek to promote U. S. exports, enforce trade agreements and work to ensure that U.S. businesses are able to compete on the world stage, consistent with global trading rules, according to a report entitled 2011 National Export Strategy released by the U.S. Commerce Department on Tuesday.

Obama stressed the importance of the National Export Initiative (NEI) to double U.S. exports by the end of 2014, which is announced by the administration last year.

Obama held that headway has been made in implementing the NEI, but the nation is still facing the challenge of out-innovating, out-educating and out-building the rest of the world, the theme of his State of the Union address in January.

The nation needs to focus on encouraging exports by companies selling technologies in high-growth sectors, partly through improving the U.S. supply chain infrastructure, ensuring better data and measurement of services sector exporting, and removing barriers to trade, including through pending trade agreements, said U.S. Commerce Secretary Gary Locke in this document.

Starting with this report, the annual National Export Strategy will fill the role of tracking and measuring the federal government's progress in implementing the NEI, Locke added.

White House spokesman Jay Carney on Tuesday said in a statement that the administration urged Congress to move forward with the pending U.S. trade agreements with South Korea, Colombia and Panama, which will support tens of thousands of jobs.

With the world's largest economy slowing pace, the administration has beefed up its efforts of boosting the economic growth through exports and investment.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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