U.S. President Barack Obama wants to double exports of American goods during the next five years, the goal for an ambitious National Export Initiative outlined in March. The executive order calls for financial assistance to companies that want to export, eliminating overseas trade barriers and encouraging countries with a large trade surplus with the U.S. (such as China) to focus energy on domestic consumption. He has created an Export Promotion Cabinet, including the Secretaries of State, Treasury, Agriculture, Commerce, Labor and U.S. Trade Representative Ron Kirk. The initiative does not target specific strategies to the textile industry. For more, visit www.whitehouse.gov/the-press-office/executive-order-national-export-initiative.
President Obama supports export initiatives
Industry News | May 1, 2010 | By: ATA
You might also like...
AATCC announces 2024 student chapter award winners
INDA honors three nonwoven industry professionals with lifetime awards
2024 Techtextil and Texprocess Innovation Award winners announced
FabricLink Network announces development of The Textile Gateway
DITF and VRETENA win Cellulose Fiber Innovation of the Year 2024 Award
New DHS textile enforcement plan cracks down on illicit trade