U.S. Commerce Secretary Gary Locke is planning to lead the Obama Administration’s first cabinet-leveltrade mission when he travels to China this May.
The clean energy business development mission will promote exports of leading U.S. technologies related to clean energy, energy efficiencyand electric energy storage, transmission, and distribution. The mission will take place May 15-25, and make stops in Hong Kong, Shanghai andBeijing, China—as well as Jakarta, Indonesia.
The mission is designed to promote U.S. companies with clearpotential in the clean energy, energy efficiency, and electric energystorage and transmission and distribution sectors.
The delegation will be comprised of approximately 20-25 U.S. firmsrepresenting a cross-section of U.S. industries that have developedproducts, services or technologies to reduce greenhouse gas emissions.The mission will also be open to representatives of U.S. tradeassociations in the targeted industries with commercial interest inChina.
Directly and indirectly supporting millions of American jobs, exports are an increasingly important part of the economy and a key componentof the Obama administration’s efforts to spur new job creation. The Department of Commerce’sInternationalTrade Administration will use the mission to help U.S. companiesthat need assistance negotiating the Chinese market to take fulladvantage of the existing opportunities.
The trade mission will focus on boosting market share for companiesdoing business in China and on opening doors for companies that want toenter the Chinese market.
“Increasing the export of American products and services to globalmarkets can help revive the fortunes of U.S. companies, spur futureeconomic growth and create jobs here at home,” Secretary Locke said.“Clean energy may be the greatest economic opportunity of the 21stcentury, and the development, production and deployment of Americanclean energy and energy efficiency technologies can be one of the mostbeneficial areas of cooperation in the history of U.S.-China relations.”
Participating firms will gain market information, make business andgovernment contacts, solidify business strategies, and/or advancespecific projects. In each of these targeted sectors, participating U.S. companies will meet with prescreened local partners, agents,distributors, representatives, and licensees. The agenda will alsoinclude meetings with high-level national and local governmentofficials, networking opportunities, country briefings, and seminars.
The Chinese market offers a particularly good opportunity to American renewable energy businesses. China’s central government has made clean energy and energy efficiency strategic priorities, implementingprograms and new regulations designed to reduce emissions of majorpollutants and greenhouse gases. These new requirements offer U.S.companies an important opportunity to provide a wide range of cleanenergy technologies to China’s growing market.
China has recently announced the start of a National Energy Commission—led by Premier Wen Jiabao–and its 11th Five-Year Plan sets targets to reduce energy intensity per unit of GDP by 20%–as well as reduce emissions for major pollutants, such as sulfur dioxides, nitrogen oxide, and carbon dioxide, by 10%. China’s renewable energymarket is expected to reach $100 billion by 2020, and wind energy is the fastest growing sector.
China has shown willingness to work with American companies; recently the government agreed to remove barriers for American firms operatingin China’s clean energy market by revoking local content requirements on wind turbines.
Commerce’s International Trade Administration helps Americancompanies export their products and services around the world, utilizing some 1,500 U.S. Commercial Service staff stationed in 77 countriesacross the globe. Last year, the U.S. Commercial Service helpedfacilitate billions of dollars in U.S. export sales, supporting jobsacross the country.