A recent report released by the Government Accountability Office (GAO) suggests the Administration is not doing enough to ensure the success of the National Export Initiative (NEI).
According to the report, the Trade Promotion Coordinating Committee (TPCC) “neither reports or compiles information on how federal export promotion resources align with government-wide priorities,” and “as a result, decision makers lack a clear understanding of the total resources dedicated across the country and around the world by TPCC member agencies to priority areas, such as increasing exports by small- and medium-sized businesses.”
The NEI and other efforts to increase American exports are critical to manufacturers’ ability to reach the 95% of the world’s consumers outside of our borders. That’s why the NAM, in response to the announcement of the NEI, distributed a blueprint for how we could double exports in five years. The blueprint includes numerous policies that would help manufacturers increase exports.
The NAM also recently submitted a letter the House Small Business Committee supporting H.R. 1909, the Export Coordination Act of 2013 and H.R. 5513, Transparent Rules Allow Direct Exporting, legislation that will streamline and strengthen U.S. export promotion activities.
While manufacturers applaud the Administration’s effort, we strongly believe steps must be taken to ensure the NEI is given the best chance for success.