The U.S. Department of Commerce (DOC) is the lead U.S. Government agency in promoting trade and foreign direct investment in the United States. Commerce’s International Trade Administration strengthens the international competitiveness of U.S. industry, promotes trade and investment, ensures fair trade, sets industry standards, and ensures compliance with trade laws and agreements.
Commerce is a key partner in Prosper Africa. In Prosper Africa’s first year, Commerce, through the work of the U.S. & Foreign Commercial Service and SelectUSA, directly supported more than 180 U.S. companies and foreign investors to facilitate deals amounting to more than $10.7 billion in U.S. export content between the United States and Africa.
Commerce’s International Trade Administration (ITA) stimulates economic recovery and growth through trade and foreign direct investment into the United States. ITA leverages the power of its U.S. and Foreign Commercial Service through a domestic network of trade specialists. Trade specialists work in 106 offices across the United States and offer business counseling to U.S. exporters in concert with the Small Business Administration and the U.S. Export-Import Bank.
Founded in 1993, Commerce’s Advocacy Center serves as coordinator of all U.S. Government interagency efforts to advocate on behalf of U.S. firms competing for tenders issued by foreign governments and public sector entities. This role was reaffirmed in Executive Order 13630 signed by President Obama in 2012. Official Advocacy is a powerful tool to counter unfair competition and level the playing field for U.S. exporters pursuing public sector opportunities.
Commerce’s Minority Business Development Agency (MBDA) is also a key partner in the U.S. field for targeted outreach and engagement with minority-owned businesses. The specialists in the U.S. field work hand-in-hand with ITAs global network of commercial diplomats, who help U.S. companies navigate international markets, compete, and win public and private tenders, and overcome market challenges to grow their commercial footprint.
Commerce also works with U.S. embassies and consulates overseas through interagency Deal Teams, which position U.S. and African companies to compete for and win opportunities. Commerce also leads the interagency in creating commercially friendly environments by promoting international standards, protecting U.S. intellectual property rights, and ensuring host government compliance with international trade laws and agreements through commercial diplomacy and advocacy.
On the investment side, Commerce’s Commercial Diplomats also promote foreign direct investment into the United States through the SelectUSA program, which creates jobs in the United States and the country of FDI origin so all boats rise through increasing trade and investment flows.
To promote opportunities, Commerce hosts a series of webinars organized by its domestic network and foreign posts. For more information please visit export.gov