Commerce Secretary Wilbur Ross said the department intends to build up the country’s competitiveness in the global space market through promotional initiatives and regulatory reform, SpaceNews reported Tuesday.

“At the Commerce Department, our goal is to ensure that the United States captures the lion’s share of burgeoning space markets,” Ross said Tuesday during the 35th Space Symposium in Colorado Springs, Colo. “We are bullish on making and keeping America the flag of choice for innovative space companies.”

He noted the country’s government pavilion will showcase the U.S. commercial space industry at the Paris Air Show in June with opportunities for collaboration. “It is important that the U.S. lead in cooperation with our allies,” Ross said. Ross said the department is working on regulatory reform initiatives as stated in the Space Policy Directive 2, including an assessment of space-related products on the agency’s export control lists.