Remarks · Administration
Kimmitt at NYSE: trade over aid is not charity, it is strategy.
The Under Secretary of Commerce launches the Commercial Diplomacy Enterprise as the institutional vehicle for U.S. private-sector-led international development.
Let me be clear: this is not charity. It is strategy. It is rooted in the belief that economic strength is the foundation of national strength, and that strong, self-reliant partners make for a safer, more prosperous world.
The Trade Over Aid launch is the formal end of the post-Cold War aid model and the start of a commercial-diplomacy operating mode. Kimmitt names the Commercial Diplomacy Enterprise as the architecture that replaces it: Deal Teams at embassies, commercial officers engaging host governments, and interagency coordination behind ports, grids, and digital infrastructure.
The doctrine''s logic shows up in two places in this speech. First, in the substitution itself: U.S. private operators on allied terrain rather than government grants from Washington. Second, in the policy reform menu: capital access, regulatory predictability, anti-corruption, transparency, which is the doctrine''s "rules capital can read" stated as a development agenda.