House Hearing Focuses on Helping Small Exporters
At a July 27, 2011 House Small Business Committee hearing on obstacles facing small exporters, various Administration and small business witnesses testified on the Administration’s National Export Initiative strategy, and suggestions for increasing exports, particularly those of small business.
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According to the Commerce Department witness, the Administration is focusing on four ways to help increase U.S. exports: (i) get more companies than the current 280,000 exporters to export through the “New to Export” initiative; (ii) get the 58% of U.S. exporters who currently export to one country only, to expand into more markets; (iii) get current exporters to increase exports to current markets; and (iv) protect U.S. businesses in all markets, including their intellectual property rights.
Among the recommendations made to Congress and the Administration by the small business witnesses were to (i) adopt a single export licensing agency; (ii) help small businesses and new exporters understand export financing, (iii) increase the national priority and visibility given to exporting, and (iv) have Commerce continue to reduce Headquarters staff by reassigning staff to field offices, etc.