The National Export Initiative (NEI) is a strategy created by the Obama administration to double U.S. exports between 2010 and the end of 2014 and support 2 million domestic jobs through increased intergovernmental cooperation in export promotion.[1] The initiative was created by Executive Order 13534[2] after President Barack Obama called for the doubling of U.S. exports in his 2010 State of the Union address.[2]
To further this initiative in its final months, President Obama signed Executive Order 13659[3] to streamline imports-exports. Among its requirements, the order created a timeline to change the U.S. trade data system from a paper to an electronic collection system. It is expected that import-export permit wait times will be cut from days to minutes.
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Departments
The NEI established the Export Promotion Cabinet, to be made up of the heads of at least 14 executive branch departments, agencies, and offices:
- Secretary of State
- Secretary of the Treasury
- Secretary of Agriculture
- Secretary of Commerce
- Secretary of Labor
- Director of the Office of Management and Budget;
- United States Trade Representative;
- Assistant to the President for Economic Policy;
- National Security Advisor;
- Chair of the Council of Economic Advisers
- President of the Export-Import Bank of the United States;
- Administrator of the Small Business Administration;
- President of the Overseas Private Investment Corporation;
- Director of the United States Trade and Development Agency; and
- heads of other executive branch departments, agencies, and offices as the President may, from time to time, designate
Trade Resources for Exporters:
Goals
The NEI goal of doubling U.S. exports between 2010 and the end of 2014 is intended to be accomplished by addressing eight specific items:
- Increase export assistance to small and medium-sized enterprises (SMEs)
- Promote federal resources currently available to assist U.S. companies
- In consultation with state and local government officials, as well as the private sector, lead trade missions to promote American exports
- Increase commercial advocacy by the federal government
- In partnership with the Export-Import Bank, increase access to financing for SMEs who are looking to export
- Macroeconomic rebalancing, by promoting balanced and strong growth in the world economy through international partnerships
- Reduce barriers to trade and improve market access for domestic producers, by opening new markets and enforcing trade agreements
- Create a framework to promote services trade[2]
References
- ^ "Commerce Secretary Gary Locke Unveils Details of the National Export Initiative - February 4, 2010". Trade.gov. February 4, 2010. Retrieved August 21, 2012.
- ^ a b c "Executive Order 13534 - National Export Initiative". whitehouse.gov. March 11, 2010. Retrieved August 21, 2012 – via National Archives.
- ^ "Executive Order -- Streamlining the Export/Import Process for America's Businesses". whitehouse.gov. February 19, 2014. Retrieved February 28, 2019 – via National Archives.
This page was last edited on 27 August 2022, at 05:52