Rep. Graves Introduces Legislation to Make the Export Process More Efficient
Rep. Sam Graves (MO-06)
Rep. Sam Graves introduced H.R. 5393, the Export Coordination Act of 2012, which will help reduce duplication and wasteful spending of federal trade promotion agencies during the export process.
Rep. Graves issued the following statement:
"Now that the free trade agreements with Colombia, South Korea and Panama are close to all being implemented, we need to encourage more small businesses to export. If a company doesn’t know how to export, they can’t take advantage of the lower tariffs provided by these agreements to increase their sales and hopefully hire new employees. Ninety-seven percent of identified U.S. exporters are small businesses, yet that only represents a small fraction of those who could compete globally – there is great untapped potential.
"The Export Coordination Act will help small businesses start or increase their exports by strengthening the coordination of the federal export promotion agencies and establish stronger congressional oversight of such programs, all without any cost to the taxpayer. Many of the federal assistance trade programs overlap and offer duplicative services, including mirroring the same efforts as many individual state trade offices. With one percent of small businesses exporting, these agencies need to work in unison with the states to help assist as many small firms as possible. This legislation is a major step in improving the coordination between federal and state export promotion activities and ensuring that taxpayer money is being used most efficiently."