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Saturday, January 29, 2011

postheadericon Going global: A turning point for American businesses

This week marks the one-year anniversary of President Obama’s National Export Initiative, or NEI, an unprecedented effort to spur job creation and aid the nation’s economic recovery by doubling U.S. exports within five years.

It may sound ambitious, but one year later we are well in pursuit of this mark. U.S. exports of goods and services were up 17 percent through the first 11 months of 2010.

November also marked the highest monthly exports of consumer goods on record. It is an encouraging sign that as we dust ourselves off from the recession, we are not looking backwards and recent numbers prove it:

In the last three months alone, President Obama has consummated a combined $55 billion in trade deals with China and India. He is also working to complete a trade agreement with South Korea that is estimated to grow annual American exports by up to $11 billion.

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