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For Immediate Release: October 23, 2009
Contact: Mary Trupo  (202) 482-3809

TRADE PROMOTION COORDINATING COMMITTEEANNOUNCES EXPORT PROMOTION PRIORITIES

WASHINGTON – President Obama’s senior export promotion officials, led by Commerce Secretary Gary Locke, today met to formalize an action plan for implementing the Administration’s export promotion priorities at its first Trade Promotion Coordinating Committee (TPCC) meeting.  The TPCC supports President Obama’s overall economic agenda through its efforts to help U.S. companies export globally and create jobs locally.

“As the global economy undergoes fundamental changes and the U.S. strives to emerge from the worst recession since the Great Depression, it is critical that we empower companies to export,” Secretary Locke said. “Exports will be a key driver of future economic growth and jobs.”

TPCC members agreed to launch working groups charged with defining short- and medium-term action plans to (1) tackle the challenges of engaging more companies, especially small businesses, in exporting; (2) ensure success in key emerging growth markets; (3) develop strategies and opportunities for key industry sectors, like renewable energy, where the United States is globally competitive; and (4) provide U.S. government advocacy support to U.S. companies competing for major public sector projects in foreign markets.

“These are the areas requiring the broadest TPCC participation and where we have the most work to do in achieving a solid foundation for interagency action,” Locke said. “These also promise the biggest payoff for our efforts in terms of new exporters, increased exports, and jobs created or sustained.”

The TPCC consists of representatives from 20 U.S. government departments and agencies and is chaired by the Secretary of Commerce. It was created in the early 1990s to set priorities for federal export assistance and financing programs.

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