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Export Promotion: Federal Approach Is Fragmented

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Report Type Reports and Testimonies
Report Date Aug. 10, 1992
Report No. T-GGD-92-68
Subject
Summary:

The federal government's multibillion-dollar effort to boost U.S. exports is, according to GAO, fragmented and adrift without an overall strategy. GAO believes that in light of the funding imbalances and program inefficiencies that have plagued the existing federal export promotion program, a governmentwide strategy is needed to maximize the return to the taxpayer on limited export promotion funds. GAO supports legislation pending before Congress--H.R. 5361, the Export Administration Development Act of 1992--that would require the formulation of such a strategy. It is unclear, however, whether creating an Export Development Administration with both coordination and operational responsibilities is the best solution.

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