Lt. Governor Gavin Newsom Joins U.S. Embassy Officials in Promoting Business and Export Opportunities in Latin America


9-30-2011

Newsom Addresses Need to Develop Export Strategy for California

Lieutenant Governor Gavin Newsom and Jim Wunderman, President and CEO of the Bay Area Council, joined U.S. Ambassador to Chile Alejandro Wolff, U.S. Ambassador to Peru Rose Likins and U.S. Charge d'Affaires to Brazil Todd Chapman, as they conclude their U.S.-Latin America Business Promotion Tour in the United States. The five-day national tour focused on advancing U.S. exports and commercial success in Latin America, consistent with President Obama's National Export Initiative (NEI). President Obama announced the NEI in his 2010 State of the Union address and set the ambitious goal of doubling U.S. exports by the end of 2015 to support millions of U.S jobs.

"To meet President Obama's call to double the nation's export trade in five years, California must become a better partner in preserving and enhancing our position as a preeminent hub in the global economy," said Lt. Governor Newsom. "I'm proud to strongly support the President's efforts and the U.S.-Latin America Business Promotion Tour's mission. Now we must collectively do our part to make trade and its international presence an economic priority."

"We're honored to be hosting the final stop of the U.S.- Latin America Business Promotion Tour here in the Bay Area," said Jim Wunderman, President and CEO of the Bay Area Council. "The Bay Area's reliance on trade as a key economic driver is a big reason the Council is solidly behind the President's National Export Initiative. Increasing both California's and the Bay Area's presence and competitiveness in the global marketplace is among our top priorities."

In July, Lieutenant Governor Newsom unveiled an aggressive economic growth and competitiveness agenda for California that focuses on eight pillars that are essential to delivering the Next Economy, including the need to gear up exports. The Lt. Governor's agenda recognizes that California's success depends on global trade and production; every sector, cluster and region must embrace exports as a core focus of its economic strategies.

The agenda calls on specific recommendations that would lead to the creation of a statewide export strategy that builds on the strengths and assets at the regional level, consistent with the President's National Export Initiative.

In the coming weeks, the Lt. Governor will announce the formation of an Action Team, that will include business, university, and governmental leaders to help prioritize expansion into additional countries and markets based on California's major industry clusters, export patterns, and other factors.

"I look forward to working in partnership with the NEI, U.S. Department of State and other Federal entities, in an effort to promote American-made goods and services worldwide, including in Latin America countries like Brazil, Chile and Peru," said Newsom.

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About the U.S. Latin America Business Promotion Tour The Business Promotion Tour is sponsored by the U.S. Department of State, the U.S. Department of Commerce, and the Business Council for International Understanding, with assistance from the Export-Import Bank of the United States. From September 26 to 30, five U.S. Chiefs of Mission traveled in two groups to Memphis, Los Angeles, San Francisco, Detroit, Houston, and Chicago to meet with business leaders and entrepreneurs, and promote business engagement in Latin America. For more information visit: http://bit.ly/nrka0R About the Bay Area Council The Bay Area Council is a business-sponsored, public-policy advocacy organization for the nine-county Bay Area. The Council proactively advocates for a strong economy, a vital business environment, and a better quality of life for everyone who lives here. Founded in 1945, the Bay Area Council is widely respected by elected officials, policy makers and other civic leaders as the voice of Bay Area business. Today, approximately 275 of the largest employers in the region support the Bay Area Council and offer their CEO or top executive as a member. Our members employ more than 4.43 million workers and have revenues of $1.94 trillion, worldwide.

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