Under Secretary of Commerce For International Trade Francisco SÁnchez
The Business Council for International Understanding
Wednesday, November 17, 2010
New York, New York
As prepared for delivery
Thank you for your kind remarks, Peter, and thank you for inviting me to this important gathering. I am especially delighted to be here tonight as you honor Prince Alwaleed, whom I came to know in my visit to Saudi Arabia and with whom I had an interesting and informative discussion.
I am returning to Saudi Arabia next month and perhaps will have the opportunity to again visit issues of mutual concern. And I am also happy to help recognize Mr. Ambani, who was instrumental during the President’s recent trip to India. The interchanges during the President’s visit to India were very encouraging.
Our two countries’ announcement of a new export agreement will elevate the commercial and investment relationships we have with what will eventually be the most populous nation in the world and its private companies and public-sector organizations and institutions.
Thank you, Mr. Abani, and, Ms. Sulayman, here on behalf of the prince, for your help. I look forward to working with you in the future. Few countries are more important than yours in this new world in which so many economic relationships are being reordered. Your countries and this organization will have a lot to say about how our relationships are affirmed, broadened and strengthened.
For my part, I can state without equivocation that we will continue our commitment to commercial diplomacy and that through our National Export Initiative we hope to raise the economic integration of the global market in a productive and meaningful way that increases commercial activity within global trading rules.
And so going forward, I see the relationship between the Department of Commerce and BCIU as important. Together we should be able to develop the new ideas and strategies that will allow us all to benefit mutually from a growing global market. I hope that our efforts in the end will support the jobs that are necessary in the American economy so that the United States is able to help the world achieve the proper balance between markets and nations.
At stake is nothing less, and I am optimistic that we can continue to work together in the near and long term.
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