Resolution on Export Promotion
WHEREAS, President Obama has issued the National Export Initiative (NEI) by executive order, to enhance and coordinate Federal efforts to facilitate the creation of jobs in the United States through the promotion of exports, and to ensure the effective use of Federal resources in support of these goals; and
WHEREAS, combined the 50 states spend over $80,000,000 annually on trade promotion programs and employ approximately 1,000 trade specialists; and
WHEREAS, fiscal challenges have moved state economic development agencies to restructure the trade promotion services they offer to businesses, resulting in the closure of 70 overseas offices (down nearly 29% from 2008); and
WHEREAS, state economic development agencies are responsible for attracting Foreign Direct Investment (FDI) and rely heavily on comprehensive state-level FDI data collection from the Bureau of Economic Analysis (BEA), and funding for this service was cut from the BEA budget in 2009.
NOW, THEREFORE BE IT RESOLVED, that The Council of State Governments urges strategic and priority NEI funding allocation for the U.S. Foreign Commercial Service to reopen previously closed international offices and to provide that all international Commercial Service offices have adequate staff to service clients with 45 days of request.
BE IT FURTHER RESOLVED, that The Council of State Governments supports the reinstatement of BEA funding for the collection of FDI statistics at the state level and advocates for the added annual collection of service-sector import/export statistics at the state level.
BE IT FURTHER RESOLVED, that The Council of State Governments urges greater federal-state collaboration and consistency in trade promotion programs throughout the U.S.
Adopted this 22nd Day of May 2010 at the CSG Economic Summit of the States in New York, NY.