Growth Trends in U.S. Vehicle Exports.

摘要

During the 2010 State of the Union address, President Obama announced that agencies across the federal government would work together under the National Export Initiative (NEI) to create jobs by expanding exports. The objective of the NEI is to double exports by the end of 2014 an increase that will support two million additional jobs in the United States. Given that the automotive industry is the largest manufactured goods export sector, the success of U.S. automotive manufacturers in increasing their exports is critical to the success of the NEI. Several factors, such as a favorable trade environment and a favorable exchange rate, currently make the United States a logical export base for vehicle manufacturers which can help contribute toward achieving the goals of the NEI. In addition, in June 2011, the Administration established the SelectUSA Initiative to supplement the NEI by supporting private sector job creation. The goal is to enhance economic growth by encouraging investment in the United States. Business investment by both domestic and foreign firms leads to economic growth by impacting U.S. jobs and exports. Creating a favorable investment climate will encourage U.S. production by foreign automakers, who, in addition to the Detroit 3, contribute to U.S. employment and to U.S. exports, both directly and indirectly.