G12 Export Credit Agency Leaders Issue First-Ever Joint Statement; EXIM Chairman Reed Underscores EXIM’s Commitment to Greater Transparency and a Level Playing Field for Exporters Around the World
FOR IMMEDIATE RELEASE September 9, 2020
Office of Communications (202) 565-3207
WASHINGTON — Over the past two days, the Export-Import Bank of the United States (EXIM) hosted the 2020 G12 Heads of Export Credit Agencies (ECAs) meeting virtually from its Washington, D.C. headquarters. In conjunction with the meeting, the 12 Heads of ECAs issued the first-ever G12 joint statement.
During the meeting, EXIM Chairman Kimberly A. Reed met with her counterparts from Brazil, Canada, China, France, Germany, India, Italy, Japan, Russia, the Republic of Korea, and the United Kingdom. Also participating in the meeting was James C. Cruse, EXIM Senior Vice President for Policy Analysis and International Relations.
During the meeting, Chairman Reed updated her foreign counterparts on EXIM’s historic seven-year reauthorization, signed into law by President Trump on December 20, 2019, and underscored the entire Administration’s commitment to the mission of EXIM.
“In the wake of the COVID-19 pandemic, this is an important time for Export Credit Agency leaders from around the world to find common ground on key initiatives, especially those that foster greater transparency,” said Chairman Reed. “I am pleased that my foreign counterparts could join me virtually for a robust two-day discussion and look forward to continuing our important work of ensuring a level playing field for exporters around the world.”
The discussion at the meeting focused on how best to respond to the challenges all ECAs face as each individually pursues its own government’s mandates, especially in the wake of the COVID-19 pandemic.
G12 ECA leaders participating in the meeting included the following:
- Brazil – Mr. Carlos Pio, Executive Director, Board of Foreign Trade and Investments, Ministry of the Economy (CAMEX)
- Canada – Ms. Mairead Lavery, President and Chief Executive Officer, Export Development Canada (EDC)
- China – Mr. Hui ZHANG, Vice President, China Export & Credit Insurance Corporation (Sinosure)
- France – Mr. Gabriel Cumenge, Deputy Assistant Secretary, Export Finance, Ministère de L'économie et Des Finances/DG Tresor (Ministry of Economy and Finance and Recovery)
- Germany – Dr. Christoph Herfarth, Head of Export Financing and Export Credit Guarantees, FederalMinistry for Economic Affairs and Energy (BMWi)
- India – Mr. M. Senthilnathan, Chairman‐cum‐Managing Director, Export Credit Guarantee Corporation of India Limited (ECGC Limited)
- Italy – Ms. Michal Ron, Chief International Officer, Servizi Assicurativi del Commercio Estero (SACE S.p.A)
- Japan – Mr. Atsuo Kuroda, Chairman and CEO, Nippon Export and Investment Insurance (NEXI)
- Republic of Korea – Mr. Inho Lee, Chairman and President, Korea Trade Insurance Corporation (K‐SURE)
- Russia – Mr. Nikita Gusakov, CEO, Export Credit and Investment Insurance Russia (EXIAR) and Senior Vice President, REC Group
- United Kingdom – Mr. Louis Taylor, Chief Executive and Accounting Officer, United Kingdom Export Finance (UKEF)
- United States – Ms. Kimberly Reed, President and Chairman of the Board, Export-Import Bank of the United States (EXIM)
G12 Heads of Export Credit Agencies during their 2020 Annual Meeting
Immediately after being sworn in as President and Chairman of EXIM, Chairman Reed traveled to Xiamen, China, for the 2019 G12 Heads of Export Credit Agencies Meeting, where she announced on May 14, 2019, that the United States would host the 2020 G12 Meeting in Washington, D.C.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.