The United States and China believe that innovation is a key driver for economic development, job creation, and shared prosperity, and innovation plays a vital role in developing solutions to domestic, international, and social challenges.

The Advanced Regenerative Manufacturing Institute (ARMI), Inc., headquartered in Manchester, NH, brings nearly $300 million in public-private investment from leading manufacturers and universities to develop the cells, tissues, and organs that may one day restore form and function to wounded warriors and civilians.

U.S. manufacturing is making a comeback, with more than 800,000 new jobs added since the sector turned the corner after the Great Recession in 2010. For the last four years in a row, global CEOs have named the United States the best place to make and invest, and new capital investment is flowing in to a broad range of manufacturing technologies.

On September 20th, Secretary Pritzker chaired a roundtable with East African Heads of State and CEOs focused on advancing regional economic integration and opportunities in the travel and tourism, agribusiness technology, and infrastructure sectors.

President Obama today will take part in the 7th annual Global Entrepreneurship Summit (GES) at Stanford University in Silicon Valley, California, which will feature new commitments to promote entrepreneurship as a driver for economic growth, social inclusion, and secure communities. Following his historic 2009 Cairo speech, President Obama elevated innovation and entrepreneurship in the U.S...

On December 17, 2014, President Obama announced that the United States would change its policies toward Cuba and move toward normalizing relations between the two countries. Since that announcement, departments and agencies have made a series of regulatory changes to allow for increased economic development in Cuba that will continue to empower the Cuban people and advance our enduring objectives...

The EU-U.S. Privacy Shield Framework was designed by the U.S. Department of Commerce and European Commission to provide companies on both sides of the Atlantic with a mechanism to comply with EU data protection requirements when transferring personal data from the European Union to the United States in support of transatlantic commerce.

Fact Sheet: The EU-U.S. Privacy Shield significantly improves commercial oversight and enhances privacy protections.

As recognized by the joint Presidential Economic Fact Sheet issued during President Xi’s State Visit to the United States: “The United States and China highly value the important role the U.S.-China Joint Commission on Commerce and Trade (JCCT) plays in promoting bilateral economic relations and expanding mutually beneficial cooperation.”

The United States and India share a strong and growing commercial and economic relationship, driven by entrepreneurs and businesses in both countries. In January, President Obama and Prime Minister Modi decided to elevate the bilateral commercial and economic partnership by establishing the first-ever U.S.-India Strategic and Commercial Dialogue (S&CD) which was held today in Washington, DC...

This declaration will provide a framework for the two countries to cooperate in such areas as work-based training, curriculum development, credential recognition, pathways to career development, and the expansion of programs into new industry sectors.

The President's 2016 Budget is designed to bring middle class economics into the 21st Century. This Budget shows what we can do if we invest in America's future and commit to an economy that rewards hard work, generates rising incomes, and allows everyone to share in the prosperity of a growing America. ...

On December 17, 2014 the President announced a set of diplomatic and economic changes to chart a new course in U.S. relations with Cuba and to further engage and empower the Cuban people. The U.S. Department of the Treasury and the U.S. Department of Commerce today are announcing the forthcoming publication of the revised Cuban Assets Control Regulations (CACR) and Export Administration...

Esta mañana, el Vicepresidente recibirá al gobierno mexicano para la segunda reunión delDiálogo Económico de Alto Nivel de los Estados Unidos y México (HLED por sus siglas en inglés)en el Edificio de Eisenhower.

The following outcomes of the 25th U.S.-China JCCT were achieved:

U.S. Secretary of Commerce Penny Pritzker today participated in a trilateral meeting with Canada’s Minister of International Trade Ed Fast and Mexico’s Secretary of Economy Ildefonso Guajardo as part of the fourth edition of the North American Competitiveness and Innovation Conference (NACIC).

U.S. Secretary of Commerce Penny Pritzker has unveiled Look South, a new coordinated federal government effort led by the U.S. Department of Commerce to help more American companies “Look South” to do business with Mexico and the United States’ 10 other Free Trade Agreement (FTA) partners in Latin America.

U.S. Commerce Secretary Penny Pritzker and U.S. Trade Representative Michael Froman, together with Chinese Vice Premier Wang Yang, co-chaired the 24th U.S.-China Joint Commission on Commerce and Trade (JCCT) in Beijing, China on December 19th – 20th, 2013.

U.S. Commerce Secretary Penny Pritzker outlined a bold new policy agenda focused on U.S. trade and investment, innovation, and data.

President Obama believes that sub-Saharan Africa is poised to be the world’s next major economic success story. In June 2012, he issued the U.S. Strategy Toward Sub-Saharan Africa, committing the United States to elevate our efforts to spur economic growth, trade, and investment in the Region.