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Export-Import Bank Support for U.S. Exports to Colombia ![]() "The growth trend in U.S. exports remains strong and the United States is on track to meet President Obama's goal of doubling exports and supporting two million American jobs by the end of 2014," - Ex-Im Bank Chairman and President Fred P. HochbergBased on the Bank's Strategic initiative Plan 2010-2015 in support of President Obama's initiative of doubling exports in five years and in compliance with the bank's objective to focus on target markets, Ex-Im Bank identified Colombia as a market of interest with opportunities for U.S. exporters in various sectors. Additionally, Colombia's National Development Plan calls for billions of dollars in infrastructure spending. Colombia's extensive, planned infrastructure projects will require: project financing, public works subcontracting, logistics, construction equipment for public roads and airports; water treatment, water supply, electric power generation, oil and gas exploration and pollution control equipment, air navigational and port security aids, railway construction, transportation equipment, security and defense items and services, mass transit systems. In FY 2011, Colombia was the fastest growing market in authorizations for Ex-Im Bank.The Bank approved $3.7 billion to finance exports to Colombia – representing 34 percent of all U.S. exports to this country in FY 2011. This level of financing in fiscal year 2011 compares dramatically to the $6.5 million authorized in FY 2008. Infrastructure Opportunities in Colombia for U.S. Companies This seminar, hosted jointly by Ex-Im Bank, the Embassy of Columbia, and PROEXPORT Colombia covered a number of topics around infrastructure exporting opportunities for U.S. companies in Colombia, including:
Presentations included:
![]() Chairman Hochberg being Interviewed by senior correspondent from RCN Television, a Colombian TV Network Updated: 20111222 |
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