The FY 2020 Annual Performance Plan / FY 2018 Annual Performance Report of each bureau appears at the end of each bureau’s budget submission. Departmental Management Office of Inspector General Economic Development Administration Bureau of the Census Bureau of Economic Analysis (includes Under Secretary for Economic Affairs) International Trade Administration Bureau of Industry and Security...

Recognizing the importance of maintaining their partnership into the future through a formalized and durable structure for ongoing economic cooperation at the ministerial level, the IPEF partners announced the substantial conclusion of the negotiations on the proposed Agreement on the Indo-Pacific Economic Framework for Prosperity to establish an IPEF Council and Joint Commission. The IPEF Council...

May 2024: Ministerial Meeting in Singapore U.S. Secretary of Commerce Gina Raimondo will meet with IPEF partners to advance progress on Pillars II, III, and IV – the Supply Chain, Clean Economy, and Fair Economy pillars – and to kick off the Inaugural Clean Economy Investor Forum with 22 U.S. companies driving sustainable infrastructure & clean technology investments in the region. ⇒ Read the...

On Tuesday, January 30, 2024, the U.S.-EU Trade and Technology Council (TTC) held its fifth ministerial meeting in Washington, D.C. Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, U.S. Trade Representative Katherine Tai, and senior National Security Council Staff were joined by EU TTC co-chairs European Commission Executive Vice Presidents Margrethe Vestager and Valdis...

The U.S. Department of Commerce today announced that the Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement Relating to Supply Chain Resilience, generally referred to as the Supply Chain Agreement, will enter into force on February 24, 2024. This is a critical step in bringing the landmark, first-of-its kind agreement into action and promoting coordination among the IPEF partners on...

Today, the U.S. Departments of Commerce, State, Treasury, Homeland Security, Labor and the U.S. Trade Representative published a Supplemental Business Advisory for Burma given significant additional developments since the previous advisory was issued in January 2022. This supplemental advisory highlights the additional sectors and activities of concern in the country, as well as the actions taken...

Economic Growth Due to Increases in Jobs, Incomes, and Spending Today, the U.S. Commerce Department’s Bureau of Economic Analysis (BEA) reported fourth quarter real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023 exceeding expectations. Growth was in large part due to an increase in Americans making and spending more. In addition, the economy...

Thank you for that introduction. Welcome, everyone, to the Commerce Department. And thank you all for your willingness to serve on this commission. America’s growing and vibrant Hispanic communities are a driving force in our economy. I saw it firsthand during my time as Governor of Rhode Island, where the Hispanic population grew by nearly 40 percent in the last decade. More than 375,000 of our...

The U.S. Department of Energy (DOE) has awarded NOAA $5 million to support the conversion of the Mauna Loa atmospheric baseline observatory in Hawaii to a net-zero carbon facility. The award, part of $250 million in funding announced by DOE’s Assisting Federal Facilities with Energy Conservation Technologies (AFFECT) program, will help NOAA’s Global Monitoring Laboratory purchase solar panels and...

NOAA’s satellites, known for their pivotal role in tracking weather and climate, were behind the rescue of 350 people from harrowing, life-threatening ordeals in the U.S. and its surrounding waters in 2023. NOAA’s polar-orbiting and geostationary satellites are part of the global Search and Rescue Satellite Aided Tracking system, or COSPAS-SARSAT, which uses a network of U.S. and international...