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Export Promotion: Federal Programs Lack Organizational and Funding Cohesiveness

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Report Type Reports and Testimonies
Report Date Jan. 10, 1992
Report No. NSIAD-92-49
Subject
Summary:

The federal government's export promotion programs, designed to encourage U.S. companies to sell goods or services abroad, provide business counseling, information, and training; conduct market research services; organize trade missions and trade fairs; and give export financing assistance. This report assesses the (1) rationale for and the resources devoted to these programs and (2) adequacy of recent attempts to consolidate and streamline them. GAO concludes that the government's present approach to export promotion lacks coherence because of the lack of an overall strategy to guide agency efforts. As a result, the government lacks reasonable assurances in today's highly competitive economic environment that its export promotion resources are being used to emphasize sectors, regions, and programs with the highest potential return.

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