For Immediate Release
Friday, March 31, 2000
Contact: Morrie Goodman/Pat Woodward (202) 482-4883
or Arlene Mayeda (202) 482-3809
of Commerce William M. Daley
Stepped-Up Trade Promotion Agenda
Report Highlights U.S. Commercial
Strategy for Doing Business in China
Washington, D.C. -- Commerce Secretary William M. Daley
today released the Seventh Annual National Export Strategy Report
to Congress, outlining an aggressive trade agenda for expanding
U.S. exports and helping American firms do business in China.
The report, entitled "Working for America," outlines export strategies,
including mobilizing the full force of E-commerce; strengthening
foreign compliance with market opening agreements; and a commercial
strategy for China.
"More than 80 percent of all
U.S. exporters to China are small and medium-sized firms," Daley
added. "This strategy helps ensure that American businesses have
all the tools they need to compete in the burgeoning Chinese market."
The commercial strategy
for China includes the following:
Other elements of the 2001 Strategy
- Compliance and monitoring:
The President's Trade Compliance Initiative calls for increased
resources to more than double the number of staff involved in
monitoring China's compliance efforts. An office will be established
to monitor dumping cases on Chinese products, we will place
of trade experts in our embassy in China to monitor compliance
and enforce U.S. trade laws.
- Technical assistance:
Through the U.S.-China Joint Commission on Commerce and Trade
and the Commercial Law Development Program, the TPCC will help
the Chinese meet their WTO obligations.
- Export promotion:
The TPCC will launch new promotional vehicles that take advantage
of the Internet like virtual trade missions; help arrange purchasing
missions to the United States; and expand the Ex-Im Bank's trade
financing capability in China.
- Strengthening trade agreement and monitoring and enforcement
capability to ensure that U.S. exporters attain the maximum
benefits of trade agreements. Increase by $22 million funding
for agencies with responsibility for trade agreement compliance
and administration of U.S. trade laws, including the hiring
of more than 100 full time staff.
- Marshaling trade financing resources to help exporters penetrate
attractive, but risky, overseas markets. We are requesting a
$215 million increase over FY 2000 budget for Ex-Im Bank--the
highest level of funding ever requested. This will enable the
Bank to absorb higher international lending costs resulting
from the financial crisis around the globe.
- Using technology to increase
small business exports by making more U.S. Government programs
accessible on the Internet. $11.6 million is being requested
to develop next-generation trade promotion programs and services
to help small manufacturers find markets abroad through an Internet-based
infrastructure -- with an export advisor on every desktop.
TPCC agencies include: Commerce; Export-Import
Bank; Small Business Administration; Overseas Private Investment
Corporation; U.S. Trade and Development Agency; State; Treasury;
Agriculture; Interior; Labor; Defense; Council of Economic Advisers;
Energy; National Economic Council; U.S. Trade Representative; Office
of Management and Budget; Environmental Protection Agency; Transportation;
and U.S. Agency for International Development. The TPCC is chaired
by the Secretary of Commerce.
- Promote U.S. environmental technology
through the President's International Clean Energy Initiative.
$103 million in increased funding is requested for a multi-agency
program to facilitate up to $5 billion in new clean energy export
Copies of the report are available