National Export Initiative

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The National Export Initiative (NEI) is a strategy created by the Obama administration to double U.S. exports between 2010 and the end of 2014 and support 2 million domestic jobs through increased intergovernmental cooperation in export promotion.[1] The initiative was created by Executive Order 13534[2] after President Barack Obama called for the doubling of U.S. exports in his 2010 State of the Union address.[2]

To further this initiative in its final months, President Obama signed Executive Order 13659[3] to streamline imports-exports. Among its requirements, the order created a timeline to change the U.S. trade data system from a paper to an electronic collection system. It is expected that import-export permit wait times will be cut from days to minutes.

Departments[edit]

The NEI established the Export Promotion Cabinet, to be made up of the heads of at least 14 executive branch departments, agencies, and offices:

Trade Resources for Exporters:

Goals[edit]

The NEI goal of doubling U.S. exports between 2010 and the end of 2014 is intended to be accomplished by addressing eight specific items:

  1. Increase export assistance to small and medium-sized enterprises (SMEs)
  2. Promote federal resources currently available to assist U.S. companies
  3. In consultation with state and local government officials, as well as the private sector, lead trade missions to promote American exports
  4. Increase commercial advocacy by the federal government
  5. In partnership with the Export-Import Bank, increase access to financing for SMEs who are looking to export
  6. Macroeconomic rebalancing, by promoting balanced and strong growth in the world economy through international partnerships
  7. Reduce barriers to trade and improve market access for domestic producers, by opening new markets and enforcing trade agreements
  8. Create a framework to promote services trade[2]

References[edit]