U.S. President Barack Obama on Friday said the goal of doubling U.S. exports over five years was attainable, and the administration would take new moves to facilitate the nation's exports.
"Two years ago, I set a goal of doubling U.S. exports over five years. Today, we're on track to meet that goal -- ahead of schedule. But we need to do more, which is why I'm pleased to announce several steps that will help more American businesses sell their products around the world, create jobs right here at home, and help us build an economy that lasts," Obama said at a production facility of airplane manufacturer Boeing in Washington State.
In his State of the Union address in 2010, Obama announced the National Export Initiative with the goal of doubling U.S. exports in five years by 2014.
White House figures revealed that U.S. exports in 2011 rose nearly 34 percent over the 2009 figure, exceeding 2.1 trillion dollars in total value.
Obama announced that the administration was poised to take an string of new steps including providing financing support to small exporters and streamlining trade-related governmental agencies to make it easier for U.S. businesses to export. |