Snap Fact #155
President Obama Sets Goal To Double U.S. Exports By The End of 2014!
In order to support businesses competing in the global marketplace and double our country’s exports before 2015 (a target the government and the American people are on track to meet), President Obama created the National Export Initiative (NEI) in 2010.
The program promotes more businesses and attracts foreigners to come to the United States to invest in our economy. According to the opening press release from the White House quoting the President, “the National Export Initiative shall be an Administration initiative to improve conditions that directly affect the private sector's ability to export. The NEI will help meet my Administration's goal of doubling exports over the next 5 years by working to remove trade barriers abroad, by helping firms -- especially small businesses -- overcome the hurdles to entering new export markets, by assisting with financing, and in general by pursuing a Government-wide approach to export advocacy abroad, among other steps."
On June 11, 2011 a government report was issued by the government to update citizens on the progress of this initiative. This 60 page report (*bottom link below) is worth review by serious scholars. The report is lead off by a letter from the President and one from Secretary Locke.