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President Obama pledging to double US exports over five years my next guest plays a critical role in helping the president meet that goal.
Joining me now Gary Locke secretary of commerce welcome mr.
Good afternoon -- I'm sorry that Charlie sat on the show up.
Continue the conversation you had quite a great conversation now with them a few minutes ago.
Well thank you so much I'm glad you're listening I think we should all get together from -- he does or something with Charlie Gasparino what do you think.
But a great.
Great looking forward to that well you've got a busy agenda before any of that happens mr.
secretary and specifically we're talking as as it appears from what the president's comments -- that.
There are some trade barriers that on the -- are on the verge of being removed talk about the most critical ones from where you stand and what they would mean specifically.
For job creation because that's what I know our viewers are listening for.
But we know that -- more American company it was are able to sell their products around the world that means they have to produce more and when they produce more they hire more.
And 95% of the world's consumers live outside the borders of the United States so we want our American companies to grow.
They're gonna have to be able to sell more around the world and so part of the president's national export initiative focuses on.
Financing for companies that are engaged in exports as well is leveling the playing field so that American companies don't face these barriers.
Tariff barriers -- psychological political barriers all around the world.
And just recently we've had great success and -- opening up the market to American poultry.
Back into Russia.
Allowing American -- pork to be sold into China and the list goes on and on so we're making progress.
Took over the we also I think -- but the president's goal is to -- US exports over the next five years creating and supporting some two million new jobs in the process.
And we know that exports really have grown significantly just in the last few months of this year alone so we're on our on track.
To really creating more jobs through exports.
The president brought some CEOs of private industry saying listen I I need your help as well among them Boeing and of course Disney's on the list the strikers and some valley but at the moment there are names on the screen Jeff can glare of -- along with.
Ursula Burns of Xerox along with -- the CEO of Boeing as well looking at these.
What is the response from them as they listen to this because the ones that you just outlined.
Feel a lot with agriculture width of the poultry products in the beef products but what about heart and asked.
Good that we create here in this country.
That's right and we're looking at all sectors and for instance the last several months we've been able to help Boeing.
Achieve really record breaking a large a sales of airplanes.
Two to Russia the Saudi Arabia.
Engines GE engines aircraft engines electronic goods.
Big machinery all around the world and in fact.
It just the last several months.
Exports all around the world including services manufactured goods and agriculture grown by 70%.
Exporting jobs actually pay on average 15% more than the average job so.
We know that if we can help American companies sell all their great highly desirable goods services.
An American brands are highly desired around the world we will create jobs here in America.
This is music certainly to my ears because I listened to the people who have watched manufacturing in this nation simply disappear frankly and and it was.
Very depressing over the past couple of decades to see that we aren't making anything we certainly have a lot of intellectual ideas that you could put a price on that we were exporting but not necessarily making things but.
As we look ten steps out not just the five from today the countries like Colombia and countries like Panama South Korea you know we'd have languishing.
Of free trade agreements with them can -- the president is the president willing to start those talks up again in a serious fashion.
If fact he is in fact for quite some time he's been urging us to.
Resolve the remaining issues with Korea Panama and Colombia because we also know that other countries are entering into trade agreements with these countries Canada the European Union.
So when a French company is able to.
Sell their products and services into let's say South Korea.
And they form that business relationship when the United States passes a trade agreement with Colombia with South Korea.
If we can't expect that American companies suddenly to dislodge.
That French company after that business relationship has been formed.
And that's why the president is is so eager to have these finalized.
That's why he's instructed ambassador Ron Kirk it to.
Finalized for instance trade agreement with Korea in time for the president's visit to South Korea this coming November -- I have -- submitted to the congress shortly after that.
So a deal did not handle all that that's important a deal possibly with South Korea and around or before November and and what about the US dollar mr.
A lot of times it.
Treasury secretaries -- an unspoken wink wink it's OK to have a weaker dollar because it makes our goods more attractive to foreigners.
They'll buy more of them I mean certainly worked in the reverse with China.
Forcing their currency to be so much cheaper so that we would buy their goods I'm disinterested in looking at this and saying.
Can you support a strong dollar and this export initiative.
Well we need to make sure that -- all -- back currencies are properly valued and secretary Geithner has spoken at great length about it the president has said that.
We need a rebalancing of the world economy.
Where the currencies of China are properly valued.
We export more China does not export as much in fact that China's economy and even the Chinese leaders acknowledge that they need to focus on domestic consumption.
To fuel their economy which.
Which fits perfectly with our export strategy we need to export more we need to relied less on consumer debt.
And other countries need to change their currencies and also.
A consume more so that's a perfect scenario for American exports of all types of goods and as I indicated as you indicated.
It's not just agriculture it's everything.
And you have growing needs a lot of the developing countries who really want American products.
Two the technology on environmental cleanup and cleaning up the rivers and streams and their air.
Solar energy wind turbines things that Americans are noted for and as the president said on a level playing field.
American workers American companies can beat the socks off what -- anybody a secretary Locke we appreciate you coming on thank you so much.
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