US Commerce Dept. & AAPA sign MOI to enhance the country’s export trade
AAPA & ITA sign Memorandum of Intent (MOI)
MOI signed to help boost exports from the United States
Committing to work together to help increase U.S. exports, the American Association of Port Authorities (AAPA) and the U.S. Department of Commerce’s International Trade Administration (ITA) today signed a Memorandum of Intent (MOI) at the Port of Oakland.
This historic MOI implementing the “Partnership with America’s Seaports to Further the National Export Initiative” supports President Obama’s goal of doubling exports announced during his State of the Union speech in 2010.
Under the agreement, ITA and AAPA will partner to coordinate communications, idea exchanges, activities and services that assist U.S. businesses in exporting; and to increase awareness of the available services, trade missions, programs and overseas events that involve U.S. export opportunities.
Signatories to the MOI include the Honorable Francisco J. Sánchez, Under Secretary, International Trade Administration, United States Department of Commerce and AAPA President and CEO Kurt Nagle.
“AAPA and the Department of Commerce share a strong interest and commitment to increasing trading opportunities for U.S. products abroad,” said Kurt Nagle, AAPA president and CEO.
“We believe a collaborative approach between Commerce and America’s seaports is the best way to ensure the success of this important national initiative,” Mr Nagle added.
Mr. Nagle also emphasized that achieving the President’s goal requires both helping our exporters and improving our transportation infrastructure.
“As recognized by the Export Promotion Cabinet in their report to the President on the NEI, we must improve our transportation infrastructure to fully realize the potential gains from the NEI and to sustain U.S. international competitiveness,” said Mr. Nagle.
“This partnership and investments in infrastructure will pave the way towards a prosperous future for all Americans,” Mr Nagle concluded.
Founded in 1912, AAPA today represents 160 of the leading seaport authorities in the United States, Canada, Latin America and the Caribbean and more than 300 sustaining and associate members, firms and individuals with an interest in seaports.