Part of the Bay Area News Group

Calif. firms to go on Pritzker’s 1st trade mission

By Josh Richman
Monday, January 13th, 2014 at 1:27 pm in Uncategorized.

Representatives from four California businesses will accompany U.S. Secretary of Commerce Penny Pritzker on her first trade mission: a trip to Mexico in early February.

Penny PritzkerThey’ll be among 17 companies nationwide sending people as part of the delegation accompanying Pritzker – who was sworn in as Commerce Secretary in June – to Mexico City and Monterrey. The trip is focused on promoting U.S exports and business opportunities in key industry sectors, including advanced manufacturing, information and communications technology, and health IT and medical devices.

Oracle, based in Redwood City; OSISoft LLC of San Leandro; Applied Science Inc. of Grass Valley; and Louroe Electronics of Van Nuys will send people on the trip.

“As the country’s chief commercial advocate, a key part of my job is to promote trade and investment and connect U.S. businesses with potential customers across the globe,” Pritkzer said in a news release. “Ninety-five percent of customers worldwide live outside U.S. borders, and that is why promoting exports is essential to economic growth and job creation. As part of our ‘Open for Business Agenda,’ we plan to carry out a robust schedule of trade missions all over the world.”

The Commerce Department notes Mexico is the United States’ second-largest export market and third-largest trading partner; 22 states depend on Mexico as the first or second destination for exports, and more than $1.25 billion in goods and services are traded between the United States and Mexico every day, supporting millions of jobs in both countries. Bilateral trade between the United States and Mexico was almost half a trillion dollars in 2012, and the United States exports more to Mexico than to all of Brazil, Russia, India and China combined.

[You can leave a response, or trackback from your own site.]