Investment, trade, and development in Africa and Latin America and the Caribbean

(a)

Strategy required

(1)

In general

The President shall establish a comprehensive United States strategy for public and private investment, trade, and development in Africa and Latin America and the Caribbean.(2)

Focus of strategy

The strategy required by paragraph (1) shall focus on increasing exports of United States goods and services to Africa and Latin America and the Caribbean by 200 percent in real dollar value by the date that is 10 years after the date of the enactment of this Act.(3)

Consultations

In developing the strategy required by paragraph (1), the President shall consult with—(A)Congress;(B)each agency that is a member of the Trade Promotion Coordinating Committee;(C)the relevant multilateral development banks, in coordination with the Secretary of the Treasury and the respective United States Executive Directors of such banks;(D)each agency that participates in the Trade Policy Staff Committee established;(E)the President’s Export Council;(F)each of the development agencies;(G)any other Federal agencies with responsibility for export promotion or financing and development; and(H)the private sector, including businesses, nongovernmental organizations, and African and Latin American and Caribbean diaspora groups.(4)

Submission to congress

(A)

Strategy

Not later than 180 days after the date of the enactment of this Act, the President shall submit to Congress the strategy required by subsection (a).(B)

Progress report

Not later than 3 years after the date of the enactment of this Act, the President shall submit to Congress a report on the implementation of the strategy required by paragraph (1).(b)

Special Africa and Latin America and the Caribbean export strategy coordinators

The President shall designate an individual to serve as Special Africa Export Strategy Coordinator and an individual to serve as Special Latin America and the Caribbean Export Strategy Coordinator—(1)to oversee the development and implementation of the strategy required by subsection (a); and(2)to coordinate developing and implementing the strategy with—(A)the Trade Promotion Coordinating Committee; (B)the Assistant United States Trade Representative for African Affairs or the Assistant United States Trade Representative for the Western Hemisphere, as appropriate; (C)the Assistant Secretary of State for African Affairs or the Assistant Secretary of State for Western Hemisphere Affairs, as appropriate; (D)the Export-Import Bank of the United States; (E)the United States International Development Finance Corporation; and (F)the development agencies.(c)

Trade missions to Africa and Latin America and the Caribbean

It is the sense of Congress that, not later than one year after the date of the enactment of this Act, the Secretary of Commerce and other high-level officials of the United States Government with responsibility for export promotion, financing, and development should conduct joint trade missions to Africa and to Latin America and the Caribbean.(d)

Training

The President shall develop a plan—(1)to standardize the training received by United States and Foreign Commercial Service officers, economic officers of the Department of State, and economic officers of the United States Agency for International Development with respect to the programs and procedures of the Export-Import Bank of the United States, the United States International Development Finance Corporation, the Small Business Administration, and the United States Trade and Development Agency; and(2)to ensure that, not later than one year after the date of the enactment of this Act—(A)all United States and Foreign Commercial Service officers that are stationed overseas receive the training described in paragraph (1); and(B)in the case of a country to which no United States and Foreign Commercial Service officer is assigned, any economic officer of the Department of State stationed in that country receives that training.(e)

Definitions

In this section:(1)

Development agencies

The term development agencies means the United States Department of State, the United States Agency for International Development, the Millennium Challenge Corporation, the United States International Development Finance Corporation, the United States Trade and Development Agency, the United States Department of Agriculture, and relevant multilateral development banks.(2)

Multilateral development banks

The term multilateral development banks has the meaning given that term in section 1701(c)(4) of the International Financial Institutions Act (22 U.S.C. 262r(c)(4)) and includes the African Development Foundation.(3)

Trade policy staff committee

The term Trade Policy Staff Committee means the Trade Policy Staff Committee established pursuant to section 2002.2 of title 15, Code of Federal Regulations.(4)

Trade promotion coordinating committee

The term Trade Promotion Coordinating Committee means the Trade Promotion Coordinating Committee established under section 2312 of the Export Enhancement Act of 1988 (15 U.S.C. 4727).(5)

United states and foreign commercial service

The term United States and Foreign Commercial Service means the United States and Foreign Commercial Service established by section 2301 of the Export Enhancement Act of 1988 (15 U.S.C. 4721).