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Commerce Dept Identifies Focus Areas to Boost Export Opportunities for US Businesses

The Commerce Department has published a report that describes the government’s strategy to boost international trade opportunities for U.S. businesses.

The 2016 National Export Strategy lists the government’s focus areas such as efforts to connect U.S. companies to global consumers; streamline and lessen costs of international shipments; and expand access to export finance, the department said Thursday.

The U.S. government will also focus on the promotion of exports and investment as a development priority for states and cities; expansion to additional markets; and support for international trade rules and regulations.

“The strategy outlines the potential for American exporters to capitalize on these opportunities by selling their goods and services worldwide,” said Commerce Secretary Penny Pritzker.

NES also details efforts of U.S. trade promotion agencies to help companies boost global sales, create local jobs and grow the U.S. economy.

Exports supported approximately 11.5 million U.S. jobs as of 2015 which represents around 10 percent of U.S. private sector employment.

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