Under Secretary Selig's first international trip since TPP negotialtions- to meet with Mexico's Foreign Trade Under Secretary, Francisco Rosenzweig
Connecting U.S. Manufacturers to the Global Marketplace
Stefan M. Selig is the Under Secretary of Commerce for
clear that our nation has engineered a true manufacturing renaissance over the
past several years. The best evidence of that renaissance is the 900,000
manufacturing jobs our economy has created going back to February 2010. But as
impressive as this is, it only offers a glimpse into how critically important
this sector is to the American economy.
The U.S. manufacturing industry
today employs 12 million Americans
who produce the most innovative and advanced products in the global
marketplace. If this sector were an individual economy, it would be the 8th
largest in the world. And perhaps most importantly, for every $1 in goods
produced, the manufacturing industry returns $1.37 to the economy.
why it is crucial that ITA continues to support our country's manufacturing
sector. One of the ways we do that is through the second-to-none client service
of our U.S. Export Assistance Centers (USEAC) and our Foreign Commercial
effectiveness of our Commercial Service in assisting U.S. manufacturers was exemplified
by their work with the Cleveland-based Great Lakes Towing Company. Our
Commercial Service in Cleveland and in Guatemala supported the sale of a U.S.-made tugboat for
delivery to Puerto Quetzal, Guatemala,
representing the 116-year old company's latest expansion into Central America.
effectiveness of our Commercial Service was also recognized at the Utah Global
Forum. The director for the Salt Lake City USEAC received the 2015 Utah Person of
the Year award
for his work in assisting Utah companies. That includes his recruiting 130
foreign buyers to attend the Outdoor Retailer Summer Market in order to boost
exports of outdoor goods.
also supporting U.S. manufacturing by attracting foreign direct investment into
our aerospace sector, which produces our largest goods trade surplus. Our
SelectUSA program, the first all of government effort to attract FDI, hosted
the National Aerospace FDI Expo last month, connecting international aerospace
companies with Economic Development Organizations and state contacts. SelectUSA will continue this
work next year at Hannover Messe, the largest industrial trade fair in the
world. And it will continue this work when
we hold our third SelectUSA summit,
the signature event to highlight FDI opportunities to the U.S., from June 19th
to the 21st.
our work to successfully close negotiations for the Trans-Pacific
gives U.S. manufacturers a once-in-a-generation platform to access the most
promising markets in the world. TPP will eliminate 18,000 tariffs on
Made-in-America exports, and on the first day that TPP is enacted, 98% of
industrial and consumer exports will be duty free. And, TPP will strengthen supply
chains by treating inputs in TPP markets as originating so they will receive equal treatment as a domestically made
input or product.
Our manufacturing sector is a critical reason for why our
country survived the worst economic crisis since the Great Depression, and came
out of it stronger than any other country. Looking forward, this industry will
serve as an engine for a new era of growth, jobs, and prosperity for our
Aerospace has historically been the keystone of American leadership in the 20th century, leading into the 21st — from the defense technology that helped create the strongest military in history, to the space technology we pioneered, to the resulting services and products that have improved people's lives here and around the world.