Commerce Department Expands Advocacy to Boost U.S. Global Competitiveness
The U.S. Department of Commerce has unveiled an expanded initiative to support American companies vying for major international investment and concession projects. The move responds to intensifying competition in global markets, particularly from strategic adversaries, and addresses industry demands for stronger tools to counter unfair foreign practices.
The expanded Advocacy Center services will focus on aiding U.S. businesses in securing contracts across key sectors like energy, infrastructure, and critical minerals. These efforts are expected to bolster the U.S. economy by fostering export growth and strengthening supply chains.
“This marks a significant step forward in leveling the global playing field for U.S. businesses while reinforcing America’s leadership on the world stage,” stated U.S. Secretary of Commerce Gina Raimondo. “Economic security is national security. By responding to the needs of our companies and building stronger commercial ties, we are creating jobs, enhancing our industrial base, and securing resilient supply chains back home.”
Since its establishment in 1993, the Advocacy Center has played a pivotal role in helping American businesses compete for major foreign government contracts. In Fiscal Year 2024 alone, the center supported U.S. companies in winning deals worth $72.6 billion, contributing to the creation of approximately 300,000 jobs.
This initiative aligns with the Biden-Harris Administration’s broader strategy to enhance opportunities for American businesses in sectors crucial to global economic development. By strengthening advocacy services, the Department of Commerce aims to sharpen U.S. competitiveness, expand export opportunities, and help American firms succeed in an increasingly dynamic international marketplace.
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