About Trade
"Free and fair trade helps secure a future of freedom and promise."
President George W. Bush
World Trade Week Proclomation
May 16, 2008
News Highlights
U.S. Key to Building Prosperity and Opportunity in Latin America
Washington (Jan. 24)—The Commerce Department’s International Trade Administration (ITA) released new data demonstrating the United States’ contribution to prosperity in the Western Hemisphere. In conjunction with the Association of American Chambers of Commerce in Latin America (AACCLA), ITA issued fact sheets which highlight the trade, investment and social development provided by the U.S. to countries in the hemisphere from Mexico to Argentina. (More)
Gutierrez Meets with Korean Special Envoy to the U.S.
Washington (Jan. 23)—Secretary of Commerce Carlos M. Gutierrez and Korean Special Envoy to the U.S. Chung Mong-joon met to discuss economic ties and the benefits of trade between the two countries. They also discussed the importance of the pending U.S.-Korea Free-Trade Agreement, and the Secretary stressed the need to resolve outstanding issues on the export of U.S. beef to the Korean market.
Schwab: Opening Markets and Growing Trade Directly Helps America
Washington (Jan. 11)—U.S. Trade Representative, Susan C. Schwab, issued the following statement on monthly trade deficit numbers: “Opening markets and growing trade directly helps America. Such trade expansion raises U.S. productivity, generates income growth, and increases the number of higher paying U.S. jobs. Ninety-five percent of world consumers are outside our borders. Global, regional and bilateral trade agreements help assure that these consumers will increasingly buy products and services made in America.” (More)
File Photo
Secretary Gutierrez Says Exports Important to U.S. Growth, Opening Markets Overseas is Goal
Washington (Jan. 11)—U.S. Commerce Secretary Carlos M. Gutierrez issued a statement on the release of the November 2007 U.S. International Trade in Goods and Services report by the Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report shows that U.S. exports increased by 12.3 percent to $1.48 trillion year-to-date (through November) over 2006. Imports increased 5.6 percent to $2.13 trillion and the trade deficit narrowed 6.9 percent during the same time period. (More) (Fact Sheet)
Gutierrez: Korea FTA “Too Important to be Allowed to Fail”
Washington (Jan. 10)—At keynote remarks to the Korea Economic Institute on the occasion of Korean-American Day, Secretary of Commerce Carlos M. Gutierrez highlighted the contributions of Korean-Americans, and focused on the need to pass the U.S.-Korea Free Trade Agreement to strengthen ties between our two countries and level the playing field for American business, workers, farmers and ranchers. While Gutierrez said he believed the “U.S.-Korea FTA is simply too important to be allowed to fail,” he also noted that to advance the FTA, “Korea needs to fully reopen its market to U.S. beef.” (Remarks)
