The International Trade Administration (ITA) strengthens the competitiveness of U.S. industry, promotes trade and investment, and ensures fair trade through the rigorous enforcement of our trade laws and agreements. ITA works to improve the global business environment and helps U.S. organizations compete at home and abroad. ITA supports President Obama’s recovery agenda and the National Export Initiative to sustain economic growth and support American jobs.
“I’m going to go anywhere I can in the world to create new markets for American goods. And we’re also not going to stand by when our competitors aren’t following the rules. We’ve brought trade cases against China at nearly twice the rate of the previous administration. We’ve set up a Trade Enforcement Unit to investigate unfair trade practices that are taking place anyplace — anywhere in the world. Anytime other countries skirt the rules or put our workers and our businesses in an unfair position, we’re going to take action.
We’re also making sure that American businesses have better access to the 95 percent of the world’s consumers who live beyond our shores. And that’s why the bipartisan bill that I’m about to sign is so important. By reauthorizing support for the Export-Import Bank, we’re helping thousands of businesses sell more of their products and services overseas and, in the process, we’re helping them create jobs here at home. And we’re doing that at no extra cost to the taxpayer. ”
Obama seeks $5T European trade deal
2/05/13 05:00 AM ET By Vicki Needham – TheHill
The Obama administration is poised to launch trade talks with the European Union that would form a $5 trillion trans-Atlantic free-trade zone.
European Union Trade Commissioner Karel de Gucht will meet with Obama administration officials Tuesday and Wednesday to work toward announcing the talks, which many observers expect could happen this week.
Such a time frame would give President Obama a chance to tout progress in next week’s State of the Union address.
“The business community will be deeply disappointed if it’s not announced by then or, at least, by mid-February,” Stephen Biegun, vice president of international governmental affairs for Ford, told The Hill.
A free-trade agreement between the U.S. and European Union would boost trade by hundreds of billions of dollars, according to the U.S. Chamber of Commerce.
Just as importantly, it could allow the two powers to set new standards for trade deals going forward in a rapidly globalizing world where China, India and Brazil are increasingly flexing their muscles.
Top U.S. officials including Vice President Biden are making last-minute efforts to ensure that the Europeans are committed to moving forward on a deal. Biden highlighted the talks as a priority during a weekend visit to Germany, where he met with German Chancellor Angela Merkel.
A free-trade deal is “within our reach” Biden said in a speech Saturday to the Munich Security Summit, according to reports. He added that leaders on both sides of the Atlantic had shown “lots of interest.”