U.S. Lays Out Strategy for Doubling Exports in Five Years

Obama administration lays out details to double U.S. exports over five years.

DOCThe Obama administration laid out details of a strategy to double U.S. exports over five years, recommending ways to boost commerce but steering clear of timetables for advancing stalled free-trade agreements.

The release of the National Export Initiative report, produced by President Barack Obama’s “export promotion cabinet” of top advisers and government agencies, sought to highlight the administration’s efforts to support the struggling economy and create jobs, the top issue ahead of November 2 elections.

“Exports are actually leading our economic recovery,” Commerce Secretary Gary Locke told reporters on a conference call ahead of the report’s release, noting exports were up roughly 18 percent over the same period last year.

“The more that American companies export, the more they produce. The more they produce, the more people they hire. And that means more jobs,” he said.

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Source: Jeff Mason | Reuters
Photo: U.S. Department of Commerce