2014 NACo Annual Conference U.S. T R A D E R E P R E S E N T A T I V E E X E C U T I V E O F F I C E O F T H E P R E S I D E N T 1

2 President Obama’s Economic Agenda Create Jobs, Promote Growth, Strengthen the Middle Class Private sector added 9.7 million jobs over 52 straight months of job growth Exports leading the way - record $2.3T last year Each additional $1B in exports supports over 5,000 jobs

3 Trade Agenda: Unlocking Opportunity for Americans 95% Percentage of the world’s consumers living outside of the U.S. 80% Percentage of the world’s purchasing power outside of the U.S.

4 Trade Agenda: Unlocking Opportunity for Americans Trans-Pacific Partnership (TPP) 12 countries 3 of America’s 4 top trading partners – Mexico, Canada, Japan 40% of global GDP 1/3 of global trade

5 Trans-Atlantic Trade & Investment Partnership (T-TIP) America’s largest export market Goal = eliminate all tariffs on trade Promote the global competitiveness of small & medium sized enterprises Trade Agenda: Unlocking Opportunity for Americans

6 Trade in Services Agreement (TiSA) Combined services markets of more than $30T 3 out of 4 American jobs already in services 28% of all U.S. exports were from private services trade in 2012

7 Trade Agenda: Unlocking Opportunity for Americans National Export Initiative NEXT Helping businesses find their NEXT customer abroad Increasing the efficiency of shipments Federal/state/local partnerships Helping communities integrate trade and investment into their NEXT growth plans

8 Key Resources – export.gov

9 Key Resources: SBA.gov