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Tag Archives: exports

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 …

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34 Private Sector Execs to Join Commerce Dept’s Renewable Energy Advisory Committee

Commerce Secretary Penny Pritzker has appointed 34 senior-level private sector representatives to the Renewable Energy and Energy Efficiency Advisory Committee. REEEAC appointees advise the secretary on the development and administration of efforts to support the export competitiveness of U.S. renewable energy and energy efficiency products and services, the Commerce Department said Wednesday. “The rapid …

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Sec. Penny Pritzker: US Exports Hit $2T in 2014

Commerce Secretary Penny Pritzker has released new trade data that shows U.S. exports reached $2.35 trillion in 2014. The Commerce Department’s report on international trade in U.S. goods and services indicates the increase was by more than $760 billion since 2009, the department said Thursday. Pritzker said the Obama administration intends …

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State Dept Amends Policy on Arms Exports to Vietnam

The State Department has amended the policy that regulates exports of defense articles and services to Vietnam. The department said in a Monday Federal Register notice that arms exports to Vietnam “may be authorized on a case-by-case basis” if it bolsters “maritime security and domain awareness.” The State Department also said the …

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Sikorsky, Turkey Aim to Bolster Helicopter Exports with $3.5B Black Hawk Program; Mick Maurer Comments

Sikorsky Aircraft Corp. and the Turkish government have struck a $3.5 billion helicopter production deal that aims to strengthen Turkey’s multi-mission capabilities and aerospace export programs, Defense News reported Monday. Burak Ege Bekdil writes that Sikorsky will build utility helicopters with an industry team of Turkish contractors under the country’s …

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Michael Froman Speaks on Fast Track, Upcoming Trade Talks

U.S. Trade Representative Michael Froman revealed that the Obama administration is ready to discuss with lawmakers a tool to fast track trade negotiations, The Hill newspaper reported Monday. Vicki Needham writes there was a negotiating authority that allowed trade deals to move through without congressional amendment but this lapsed during …

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China Among Top 5 Weapons Exporters, Study Says

The Stockholm International Peace Research Institute has ranked China as the fifth-largest exporter of weapons in the world. SIPRI’s Trends in International Arms Transfers report says China increased its arms exports by 162 percent between 2008 and 2012 when compared to the previous five years, Reuters reported Monday. As a …

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House OKs $633B Defense Bill, Satellite Export Controls Eased

The House approved a compromise version of the $633 billion defense spending bill Thursday that includes lifting of some restrictions on satellite exports, Reuters reports. David Alexander writes the chamber approved the bill by a 315-107 vote, sending it to the Senate for approval before heading to the White House …

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DSCA Cutting Foreign Military Sale Surcharge 8%

The Defense Security Cooperation Agency is reducing the surcharge rate for foreign military sales by 8 percent, going from a 3.8 percent on every sale to 3.5 percent. DSCA said the new rate goes into effect Nov. 1 and is supported by lead officials at the departments of Defense and …

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