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Remarks By U.S. Secretary of Commerce Penny Pritzker at EU-U.S. Privacy Shield Framework Press Conference

BRUSSELS – Today, U.S. Secretary of Commerce Penny Pritzker joined European Union Commissioner Věra Jourová to announce the approval of the EU-U.S. Privacy Shield Framework. The Framework is a milestone achievement that will provide strong data privacy and facilitate more trade and job creating investments in both the U.S. and Europe.

Secretary Pritzker on International Trade in Goods and Services in May 2016

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the May 2016 U.S. International Trade in Goods and Services monthly data. U.S. exports of goods and services decreased slightly to $182.4 billion in May from $182.7 billion in April. New monthly export records were established in Telecommunications, Computer, and Information services -- $3.1 billion – and in Insurance Services -- $1.5 billion. Year-to-date, the trade deficit has improved 3.5 percent or $7.2 billion. The goods trade deficit year-to-date has improved with China (7.3 percent) and the European Union (5.4 percent) during that period.

U.S. Commerce Department Releases New Report on Foreign Direct Investment Trends

Investment in the United States remains strong, total FDI in the United States growing at an average of six percent per year

WASHINGTON - The U.S. Department of Commerce today released a new report that highlights the impact of foreign direct investment (FDI) on the U.S. economy. The Foreign Direct Investment in the United States: Update to 2013 Report examines recent trends in FDI and highlights newly released “greenfield” FDI data from the Department’s Bureau of Economic Analysis (BEA). The report notes that foreign direct investment trends identified in earlier reports have continued to 2015.

U.S. Department of Commerce Releases New Report On Digital Matching Firms

Report provides first-ever government definition of "digital matching firms" and initial assessment of growing sector's size and scope

WASHINGTON - Today, the Department of Commerce released a report titled: "Digital Matching Firms: A New Definition in the 'Sharing Economy' Space." The report provides the first-ever government definition of "digital matching firms," which are companies that use Internet and smartphone-enabled apps to match service providers with consumers, help ensure trust and quality assurance via peer-rating services, and rely on flexible service providers who, when necessary, use their own assets. The report provides an initial assessment of the sector's size and scope based on publicly available data of the largest firms in the industry. It also examines the potential effect of what is commonly known as the "sharing economy" on consumers and service providers.

Preparing for Hurricane Season with Census Data

Graphic of the U.S. Census Bureau's OnTheMap for Emergency Management tool.Today marks the beginning of the Atlantic hurricane season. These storms are among nature's most powerful and destructive phenomena, and they have the potential to affect a large portion of U.S. residents. The 185 coastline counties along the Atlantic and Gulf of Mexico – areas that are most threatened by Atlantic hurricanes – have a combined population of 59.2 million.

First Estimates of GDP Will Include More Census Bureau Data

The Bureau of Economic Analysis is constantly working with our data partners to make GDP — our signature measure of the ever-changing U.S. economy — even better. As part of that effort, our sister statistical agency, the U.S. Census Bureau, has committed to providing key data for GDP even faster.

Justin Antonipillai Opens 4th #CDACMtg ~ Watch on Live Stream

Justin Antonipillai Opens 4th #CDACMtgNew York, NY - Counselor Antonipillai kicked off the 4th meeting of the Commerce Data Advisory Council (CDAC) this morning at Google's offices in NYC. This is Justin's first CDAC event since assuming the role of Under Secretary of Economic Affairs in January. CDAC is made up of leading data experts from the private sector, (including Intel, Google, Zillow and others), academia, local government, and NGOs.  They provide advice to the Department of Commerce as we work to improve data for governments, businesses, and other data users.

Secretary Pritzker on International Trade in Goods and Services in March 2016

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the March 2016 U.S. International Trade in Goods and Services monthly data. The total trade deficit improved 13.9 percent in March, to $40.4 billion, driven by a $6.0 billion reduction in the goods trade deficit. In addition, new monthly export records were established in travel services -- $15.5 billion – and in insurance services -- $1.6 billion. U.S.

Commerce Data Advisory Council to Hold Fourth Meeting at Google NYC Headquarters ~ See on Live Stream

The 4th meeting of the Commerce Department's Data Advisory Council (CDAC) will be held on May 5th – 6th, at Google headquarters in New York City. The Council will be briefed on a wide range of data work underway at the Department designed to unleash Commerce Data for public and private innovation, improve the quality, scope and timeliness of our economic statistics, and drive a more data-driven government. Presentations include key data projects underway at the Commerce Data Service (CDS), including the "Income Data Project," the "New Exporters Project," and the "Data Usability Project."

Counselor Antonipillai to Address IAPP on Privacy Shield

Justin AntonipillaiJustin Antonipillai, Counselor to the Secretary with the Delegated Duties of Under Secretary for Economic Affairs, will address the International Association of Privacy Professionals (IAPP) on Wednesday, April 6th, at the Global Privacy Summit in Washington, DC. Counselor Antonipillai will speak about the new U.S.-European Privacy Shield Framework, which was announced in February 2016. Privacy Shield is a major new transatlantic data transfer mechanism that will assist thousands of businesses on both sides of the Atlantic by simultaneously enabling and protecting data transfers.  Counselor Antonipillai was co-lead of the U.S. negotiation team, and will be speaking about, "Implementing Privacy Shield: Challenges and Opportunities."  This follows Counselor Antonipillai's recent testimony given to the European Commission on the Privacy Shield Framework.


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