Us Unveils Strategy For Doubling Exports

09.16.10 | FL News Team

(Washington, DC)  --  The Obama administration is unveiling details today of a plan to double U.S. exports over five years.  The release of the National Export Initiative recommends ways to increase commerce while staying clear of timetables for advancing stalled free-trade agreements.  Commerce Secretary Gary Locke says exports are leading the economic recovery in the U.S.  He emphasized exports were up about 18 percent over the same period last year.

Locke says, "The more that American companies export, the more they produce.  The more they produce, the more people they hire.  And that means more jobs."  U.S. officials maintain opening markets and enforcing trade pacts were part of the process of increasing exports.  However, no timetable was made in the report for wrapping up free-trade pacts with Colombia and Panama.