US exports of goods and services to the Middle East and North Africa (MENA) region reached an all-time high of nearly $68 billion in 2010. According to the new research conducted by the National US-Arab Chamber of Commerce (NUSACC), the next three years hold even more promise. The total market demand in the Arab world is expected to exceed $1 trillion by 2013.
The US share of that growing import market is expected to reach $117 billion — an unprecedented level of US exports that bodes well for job creation in the United States. This is an increase in the US share of total market demand from 8.9 percent in 2009 to 11.2 percent by 2013.
US President Barack Obama's National Export Initiative (NEI), launched in March 2010, calls for doubling American exports to $3.14 trillion by 2015 in order to create an additional two million jobs. Applying NEI metrics, US goods and services to the Arab world are on track to sustain 340,000 direct and 683,000 indirect American jobs by 2013.
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