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Secretary Penny Pritzker Delivers Keynote Remarks at the U.S.-Saudi Business Opportunities Forum

Today Secretary Penny Pritzker delivered keynote remarks at the U.S.-Saudi Business Opportunities Forum currently underway in Los Angeles, an event being hosted by the Saudi Committee for International Trade, the U.S.-Saudi Business Council, and the Saudi-U.S. Trade Group. The event brought together approximately 1,200 American and Saudi businesses, government officials, academics and opinion leaders to highlight the U.S.-Saudi commercial and trade relationship and inform participants about business opportunities in Saudi Arabia.

During her remarks, Secretary Pritzker noted that the United States and Saudi Arabia have a strong trade and investment relationship, and last year, trade between our two countries hit all-time record highs. Our bilateral trade is now triple what it was just a decade ago.

Secretary Pritzker also noted that the Commerce Department, over the past four years, has helped more than 450 U.S. companies export to Saudi Arabia for the first time. More such partnerships are expected as Saudi Arabia’s plans for infrastructure growth allow U.S. companies opportunities to team up to build strong and vibrant Saudi communities, she said.

Secretary Pritzker also met with staff from the Los Angeles U.S. Export Assistance Center, which is part of the Department of Commerce’s International Trade Administration (ITA). Her visit with USEAC employees was an opportunity to thank them for their work and part of her ongoing efforts to meet with Department of Commerce employees all over the country.

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Dept of Commerce= Big Waste of Taxpayer Money

I would really like to know how the Dept of Commerce actually helped these 450 Companies export to Saudi Arabia for the first time. It's not as if they needed the DOC's stamp of approval to do business outside the U.S. 90% of the money appropriated to the dept goes to feeding an ever growing bureaucracy.

Commerce help for businesses exporting to Saudi Arabia

The Department of Commerce helps businesses export in various ways.

Our staff assists American companies interested in entering the Saudi market, doing business in Saudi Arabia, and exporting to Saudi Arabia, while also working with Saudi businesses to find the products, technologies, services, and partners they need from the United States.

Our Commercial Specialists will help you to identify trade opportunities, find local business partners, launch your company, promote your products and services, obtain valuable market research reports, and protect your IPR. They can also tell you about upcoming trade missions sponsored by the U.S. Department of Commerce.

See here and here for more information about exporting to Saudi Arabia