Discusses EXIM Program on China and Transformational Exports and COVID-19 Relief Measures
FOR IMMEDIATE RELEASE August 5, 2020
Office of Communications (202) 565-3207
WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman of the Board of Directors Kimberly A. Reed today participated in a virtual fireside chat with over 40 members of the Orange County Business Council, moderated by Rick Nogueira, Region Manager for Commercial Banking in Orange County and the Inland Empire at JPMorgan Chase Bank . During the fireside chat, Chairman Reed highlighted EXIM’s Program on China and Transformational Exports, COVID-19 relief measures, and growth opportunities for U.S. companies through exporting.
“The Orange County Business Council—the leading voice of business regionally, nationally, and globally—has been an important partner for EXIM and has made this region of California a great place to build a business and support U.S. jobs,” said Chairman Reed. “EXIM is committed to helping even more Orange County area businesses expand further into foreign markets, create jobs, and reach new customers through exports.”
“It was an honor to have Chairman Reed come speak to the Orange County Business Council. Her willingness to do the grassroots outreach speaks volumes to the commitment EXIM has to serve American businesses,” said Nogueira. “What stood out to me, was Chairman Reed’s remarks about her commitment to supporting small, women and minority owned businesses. Orange County has an abundance of them, so this extra effort from EXIM will open up the benefits of our global marketplace to more of our community.”
In her remarks, Chairman Reed discussed EXIM’s new Program on China and Transformational Exports, established in EXIM’s historic seven-year reauthorization, which is intended to help level the playing field for U.S. exporters and workers by directly neutralizing export subsidies for competing goods and services offered by the People’s Republic of China. In May, EXIM launched its “Strengthening American Competitiveness” initiative, a series of teleconferences with American businesses and stakeholders. A full list of teleconferences and subsequent recordings can be found here.
Chairman Reed also outlined EXIM’s COVID-19 relief measures, and reaffirmed EXIM’s continuing commitment to supporting U.S. businesses of all sizes that export as the United States reopens and the American economy rebounds.
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.