Obama annouces a new National Export Initiative, which aims to double American exports over the next five years and support two million jobs here at home.

The premise is that this is the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.

“First, the NEI is going to provide more funding for export promotion and more coordination between government agencies.

Second, the NEI will ensure that commercial advocacy objectives get government-wide support and that we do a more effective job of advocating for U.S. products in our interactions with foreign businesses, farmers and foreign officials.

And finally, the Initiative will create an Export Promotion Cabinet reporting to the president that will consist of top leaders from the Commerce, Treasury and State Departments, the Department of Agriculture, the Export-Import Bank, the office of the United States Trade Representative and the Small Business Administration.”

These efforts should be applauded. At the same time, closer collaboration between government and private enterprise efforts could provide an even greater positive impact on U.S. business and employment.

Read the announcement here, and weigh in.