Wednesday, June 29, 2011

Obama Administration Unveils Ways To Measure Progress On Export Goals

(Tom Barkley — Dow Jones Newswires)

The Obama administration announced Tuesday a set of measurements to determine progress toward its plan to double exports by 2015.

The metrics — covering a range of issues from overall export levels to the amount of credit going to support small businesses — have long been demanded by lawmakers seeking to hold the administration accountable for its agency-wide effort to improve the competitiveness of U.S. companies seeking business overseas.

“We now have a standard set of cross-cutting interagency metrics to measure this Administration's progress on implementing the (National Export Initiative) over the next four years,” President Barack Obama said in a letter accompanying the 2011 export strategy report, which was submitted to Congress on Monday. Read more here.