U.S. Trade Policy Agenda 2010: Could We Double Our Export in the Next Five Years?

Abstract

The Trade Policy Agenda 2010 (TPA) targets to double the U.S. export by 2014. On average, a twenty percent increase of export per year for the period will achieve the target of the TPA. In 1960, the total value of the U.S. export was 25.9 billion. Since then the U.S. export has increased tremendously. From 2000, it has crossed the level of trillion. In 2008 it was 1.8 trillion and slightly came down to 1.6 trillion in 2009. In fact, during the period of 2000-2008, the U.S. export was almost doubled. To double the U.S. export in the next five years, a strong partnership between government agencies, private sector, non-profit organizations, and research institutions is must. This partnership can forge a common ground to expand markets, search new markets, reduce trade barriers, and expedite advocacy programs. The target of the TPA is ambitious but not impossible. If the pattern of trade could be changed, the target of the TPA is achievable.