Friday, August 20, 2010

US Strategy For Future Exports - Details Announced

Presidential Advisory Group to be in Five Sections
Shipping News Feature

US – The Export Council, tasked with supplying the President with ways to increase and enhance the country’s competitiveness in the international marketplace and securing future American jobs, has announced details of the five subcommittee’s which have the goal of doubling US export shipments over the next five years.

Council Chairman Jim McNerney and Vice Chairman Ursula Burns yesterday confirmed that ideas for the council structure and its initial focus areas came from the members appointed by the president on 7th July. Chairman McNerney said:

"We constructed this council to guide and focus our initial efforts on this national imperative. We have an aggressive plan that addresses a wide range of job-creating export opportunities, from expanding free and fair trade agreements, to increasing tourism to the United States, to retraining our returning veterans in needed work skills,"

Mr McNerney, Chairman and CEO of Boeing and Ms Burns, CEO of Xerox, laid out the target area for each of the subcommittees as follows:

Small and Medium Sized Business Engagement

Export Promotion and Advocacy

Global Competitiveness

Manufacturing, Services and Agriculture

Workforce Readiness

The ambitious goal of doubling exports is doubtless a daunting task but by focusing on key areas such as pushing free and fair trade agreements through Congress, implementing export control reforms, examining business visa policies, implementing bilateral and multilateral enforcement of intellectual property rights and establishing public-private partnership using U.S. embassies abroad to promote the United States as a tourism destination, the Council believe it is achievable.

The President's Export Council is the principal national advisory committee on international trade. The council advises the president of government policies and programmes that affect U.S. trade performance; promotes export expansion; and provides a forum for discussing and resolving trade-related problems among the business, industrial, agricultural, labour, and government sectors.

There are currently 20 private-sector members of the council who serve with five senators and five congressmen appointed by their respective leadership in addition to the Secretaries of Commerce, Agriculture, Energy, Homeland Security, Labour, State, and Treasury; the Chairman of the Export-Import Bank of the United States; the U.S. Trade Representative; and the Administrator of the Small Business Administration.

Policies for growth which will be investigated by the subcommittees include increasing Ex-Im Bank lending (the Export Import Bank is the country’s official export credit agency), an increase in commercial officers working abroad, retraining the army of US veterans in high tech sector employment focused on science, technology, engineering and mathematics with the intention of sustaining and increasing US jobs and expanding export options.

Photo:- Jim McNerney pictured with President Obama