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2014 NACo Annual Conference U.S. T R A D E R E P R E S E N T A T I V E E X E C U T I V E O F F I C E O F T H E P R E S I D E N T 1

2014 NACo Annual Conference

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U.S. T R A D E R E P R E S E N T A T I V E E X E C U T I V E O F F I C E O F T H E P R E S I D E N T. 2014 NACo Annual Conference. President Obama’s Economic Agenda. Create Jobs, Promote Growth, Strengthen the Middle Class - PowerPoint PPT Presentation

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Page 1: 2014  NACo Annual Conference

2014 NACo Annual Conference

U.S. T R A D E R E P R E S E N T A T I V EE X E C U T I V E O F F I C E O F T H E P R E S I D E N T

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President Obama’s Economic Agenda

Create Jobs, Promote Growth, Strengthen the Middle Class

• Private sector added 9.7 million jobs over 52 straight months of job growth

• Exports leading the way - record $2.3T last year

• Each additional $1B in exports supports over 5,000 jobs

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Trade Agenda: Unlocking Opportunity for Americans

95% Percentage of the world’s consumers living outside of the U.S.

80% Percentage of the world’s purchasing power outside of the U.S.

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Trade Agenda: Unlocking Opportunity for Americans

Trans-Pacific Partnership (TPP)

• 12 countries

• 3 of America’s 4 top trading partners – Mexico, Canada, Japan

• 40% of global GDP

• 1/3 of global trade

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Trans-Atlantic Trade & Investment Partnership (T-TIP)

• America’s largest export market

• Goal = eliminate all tariffs on trade

• Promote the global competitiveness of small & medium sized enterprises

Trade Agenda: Unlocking Opportunity for Americans

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Trade Agenda: Unlocking Opportunity for Americans

Trade in Services Agreement (TiSA)

• Combined services markets of more than $30T

• 3 out of 4 American jobs already in services

• 28% of all U.S. exports were from private services trade in 2012

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Trade Agenda: Unlocking Opportunity for Americans

National Export Initiative NEXT

• Helping businesses find their NEXT customer abroad

• Increasing the efficiency of shipments

• Federal/state/local partnerships

• Helping communities integrate trade and investment into their NEXT growth plans

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Key Resources – export.gov

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Key Resources: SBA.gov