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Export and investment promotion

Exports and foreign direct investment (FDI) are proven job generators. Exported goods and services supported 10.7 million well-paying U.S. jobs in 2016. In 2015, majority-owned U.S. affiliates of foreign companies directly employed 6.8 million Americans.

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Related Content

Op-Ed by Commerce Secretary Wilbur L. Ross: Trump Continues to Fulfill his Promises on Trade

Op-eds
President Donald J. Trump has implemented more initiatives permanently improving our economy than any president who has preceded him. We have experienced tremendous accomplishments over the last three and a half years as the Trump administration has implemented tax, regulatory, workforce, and trade policies that make the United States the number-one country for investment in new and expanded...

Remarks by Commerce Secretary Wilbur L. Ross at the Greater Houston Partnership and the Houston Regional Economic Development Alliance Virtual Roundtable

Speeches
Thank you Susan for co-hosting this teleconference with HREDA. I had planned to be in Houston with you, but the coronavirus continues to present challenges. However, we all know that when Houston confronts such obstacles, it always prevails. It last happened in August 2017, when Hurricane Harvey dumped 40 inches of rain on your city. It was the wettest storm ever to hit the United States, and it...

U.S. Secretary of Commerce Wilbur Ross Praises Plans by Taiwan Semiconductor Manufacturing Company (TSMC) to Build Semiconductor Facility in Arizona

Press releases
U.S. Secretary of Commerce Wilbur Ross praised today’s announcement by Taiwan Semiconductor Manufacturing Company (TSMC) of plans to invest approximately $12 billion to construct a new 5-nanometer semiconductor production facility in Arizona. This manufacturing facility will be one of only two of its kind globally capable of producing the world’s most advanced semiconductors. TSMC’s planned...

Spotlight on Commerce: Diane Farrell, Acting Deputy Under Secretary for International Trade, International Trade Administration (ITA)

Blog
As Acting Deputy Under Secretary for International Trade, I manage the daily operations of the International Trade Administration, comprised of 2,200 colleagues: 200 plus based in Washington, D.C., more than 100 located in offices across the United States, and the remaining located in 70 offices around the world. If there is one thing I have experienced throughout my professional life, an open...

Opening Statement by Secretary Wilbur L. Ross in Support of the Department of Commerce’s Fiscal Year 2021 Budget Request

Speeches
Chairman Moran, Ranking Member Shaheen, and members of the Senate Appropriations Subcommittee, thank you for this opportunity to discuss President Trump’s Fiscal Year 2021 Budget Request for the U.S. Department of Commerce. It is a privilege to appear before you today. We are committed to working with you to grow the U.S. economy, defend our industries from unfair foreign competition, and protect...

Statement by U.S. Commerce Secretary Wilbur Ross on Visit to Pakistan

Press releases
As President Trump said this week, “Our relationship with Pakistan is a very good one.” The United States is Pakistan’s largest export destination. U.S. companies have a long history of doing business in Pakistan, contributing to its economic development and providing high-value jobs. The work Pakistan has begun to do to fight terrorism and promote security is affording the United States and...

Acting Under Secretary of Commerce for International Trade Leads U.S. Delegation to Africa to Promote Prosper Africa Initiative

Blog
Acting Under Secretary of Commerce for International Trade Joe Semsar led a U.S. Government delegation to Tunis, Tunisia for the first-ever Prosper Africa Business-to-Business Summit, which attracted more than 1,000 people, 50 U.S. companies, and representatives from more than 30 African countries. The U.S. Government delegation underscored the Trump administration’s commitment to our African...

Remarks by Secretary of Commerce Wilbur Ross at Oxford Union in Oxford, England

Speeches
Introduced by Oxford Union President Sara Dube It is my honor to discuss the Trump economic policy as it relates to the global economy. We are incorrectly blamed for global economic problems. From the late 1980s through the early 2000s, global merchandise export growth was usually double that of world GDP growth. But during four of the past five years, goods trade growth lagged global GDP growth...

Statement of Secretary of Commerce Wilbur Ross on President Donald J. Trump's State of the Union Address

Press releases
Because of President Trump’s leadership, we are experiencing a comeback like never before. Our great nation is strong again and Americans who need it the most are experiencing an incredible Blue Collar Boom. From renegotiating trade deals that work for Americans to a jobs agenda that has led to the lowest unemployment rate in half a century, the American Dream is being restored for millions of...

Remarks by Commerce Secretary Wilbur L. Ross at the Signing Ceremony for the MOU on Technical and Strategic Collaboration Between the USPTO and the Mexican Institute of Industrial Property

Speeches
It is my privilege and honor to be here in beautiful Mexico City to witness the signing of this historic MOU between the U.S. Patent and Trademark Office and Mexican Institute of Industrial Property. Congratulations to everyone who negotiated this agreement. It took vision, dedication, and hard work to get to this point, and you should be extremely proud of this final product. It will strengthen...