Trade Fact of the Day
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $148.5 billion and imports of $206.7 billion resulted in a goods and services deficit of $58.2 billion.
About Trade
"Trade fosters human opportunities that build hope and give people a stake in their society's success."
John D. Negroponte
Deputy Secretary of State
September 18, 2007
News Highlights
Secretary Gutierrez Travels to China and Korea for High-Level Meetings to Discuss Bilateral Trade
Miami (May 9)—U.S. Commerce Secretary Carlos M. Gutierrez will travel to Beijing, China and Seoul, South Korea, May 14-16, to discuss bilateral trade and promote U.S. exports. “American businesses, workers, farmers and ranchers are exporting around the world at record rates,” Gutierrez said. “While U.S. exports of goods to China, now our third-largest export partner, grew by more than 18 percent in 2007, significant trade barriers to the Chinese market remain.” (More)
Colombia: An Opportunity for Lasting Success
Washington (May 8)—Senior Coordinator of the State Department’s Western Hemisphere Affairs Free Trade Task Force Charles S. Shapiro blogged about the Colombia free trade agreement on “Dipnotes,” the State Department’s official blog. He wrote, “In today’s world of globalization, countries are not looking inward but rather outward to achieve growth and prosperity. Our friends in Latin America see free trade agreements as the way to accomplish this goal.” (Blog)
$1,000,000,000 Tax on U.S. Exports to Colombia
Washington (May 5)—Commerce Secretary Carlos M. Gutierrez today released the following statement regarding the estimated tariffs imposed on American-made goods exported to Colombia. Since the signing of the U.S.-Colombia Trade Promotion Agreement (TPA), American goods have faced more than an estimated $1 billion in Colombian tariffs. Tariffs are taxes that make American goods more expensive and less competitive. (More)
White House Photo
President Bush Discusses Economy, Trade
Maryland Heights, Missouri (May 2)—President Bush addressed employees at World Wide Systems, Inc. to discuss the economy and pending free trade agreements. He said, “And so I strongly urge the Congress to understand that opening up markets is good for our economy. But I also strongly urge the Congress to understand—whether it would be Colombia or Panama or Korea—that we can't be turning our backs on our allies. This is good economics and it's good national security.” (Transcript)
