Obama to announce significant uptick in U.S. exports

CNN Wire Staff
[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/POLITICS/07/07/obama.exports/story.obama.afp.gi.jpg caption="U.S. exports are up 17 percent in the first four months of the year, President Obama will announce Wednesday." width=300 height=169]

A series of steps aimed at bolstering U.S. exports has so far brought a 17 percent increase in the first four months of 2010 over the same period last year, President Obama will announce Wednesday.

Obama's National Export Initiative, introduced during his State of the Union address in February, seeks to double exports over the next five years.

A White House statement said Obama, in a statement scheduled for later Wednesday, will show that the program is on schedule so far.

The program has made progress on its five main objectives, Obama will say, including the coordination of trade missions in 24 countries; increased loans to help American exporters; breaking down trade barriers; enforcing trade rules, and promoting international economic cooperation.

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