2014 naco annual conference
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U.S. T R A D E R E P R E S E N T A T I V E E X E C U T I V E O F F I C E O F T H E P R E S I D E N T. 2014 NACo Annual Conference. President Obama’s Economic Agenda. Create Jobs, Promote Growth, Strengthen the Middle Class - PowerPoint PPT PresentationTRANSCRIPT
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2014 NACo Annual Conference
U.S. T R A D E R E P R E S E N T A T I V EE X E C U T I V E O F F I C E O F T H E P R E S I D E N T
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President Obama’s Economic Agenda
Create Jobs, Promote Growth, Strengthen the Middle Class
• Private sector added 9.7 million jobs over 52 straight months of job growth
• Exports leading the way - record $2.3T last year
• Each additional $1B in exports supports over 5,000 jobs
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Trade Agenda: Unlocking Opportunity for Americans
95% Percentage of the world’s consumers living outside of the U.S.
80% Percentage of the world’s purchasing power outside of the U.S.
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Trade Agenda: Unlocking Opportunity for Americans
Trans-Pacific Partnership (TPP)
• 12 countries
• 3 of America’s 4 top trading partners – Mexico, Canada, Japan
• 40% of global GDP
• 1/3 of global trade
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Trans-Atlantic Trade & Investment Partnership (T-TIP)
• America’s largest export market
• Goal = eliminate all tariffs on trade
• Promote the global competitiveness of small & medium sized enterprises
Trade Agenda: Unlocking Opportunity for Americans
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Trade Agenda: Unlocking Opportunity for Americans
Trade in Services Agreement (TiSA)
• Combined services markets of more than $30T
• 3 out of 4 American jobs already in services
• 28% of all U.S. exports were from private services trade in 2012
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Trade Agenda: Unlocking Opportunity for Americans
National Export Initiative NEXT
• Helping businesses find their NEXT customer abroad
• Increasing the efficiency of shipments
• Federal/state/local partnerships
• Helping communities integrate trade and investment into their NEXT growth plans
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Key Resources – export.gov
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Key Resources: SBA.gov