A deputy undersecretary the Commerce Department recently visited an Iowa company that produces soybean processing equipment.
The state's Des Moines Register noted that Ro Khanna was there to present the company with an export award as the company produces equipment exported to more than 100 nations. The visit was part of the Obama administration's Nation Export Initiative, which is aimed at doubling U.S. exports in the next five years.
During his visit, Khanna said that when he travels around the globe he still hears the high praise that U.S. good receive.
"It's up to us to work around problems, especially trade finance, so that our exports can grow," Khanna said.
The Association of Equipment Manufacturers noted recently that exports for both construction and farm equipment saw declines in 2009. In order to reverse this trend, the organization said the federal government needs to make it easier for foreign businesses to visit the country in order to shop for equipment.
Meanwhile, Agriculture Secretary Tom Vilsack is set to take a trip to Japan in April in order to help U.S. agriculture exports to the country.
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