The NAM’s Frank Vargo testified yesterday at a hearing, “U.S. Export Promotion Strategy, ” before the House Committee on Foreign Affairs, Subcommittee on Terrorism, Nonproliferation and Trade. His testimony is here. Key recommendation:
I propose for the subcommittee’s consideration that legislation be introduced to form a bipartisan Congressional-Administration-private sector commission to examine the U.S. approach to export promotion, to consider the size of the task, to propose a national export expansion goal, and to formulate recommendations for the nature and scope of an export promotion program that would be likely to achieve that export expansion goal. The commission’s report and recommendations would be for the purpose of consideration by the Congress and the next Administration. There should be representation from Congress, from key government agencies, from concerned trade associations, and representatives of large and small companies.
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