Officials to Advance Economic Growth in the ASEAN Region; EXIM Officials Also to Virtually Participate in 2020 Indo-Pacific Business Forum
FOR IMMEDIATE RELEASE October 23, 2020
Office of Communications (202) 565-3206
WASHINGTON — Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed will visit Indonesia, Myanmar, and Vietnam October 24-27 as part of a U.S. delegation led by U.S. International Development Finance Corporation (DFC) CEO Adam Boehler to advance economic growth in the region. Officials from the U.S. Departments of Commerce, Energy, State, and Treasury also will participate in the delegation.
While in Southeast Asia, Chairman Reed will meet with government officials and business leaders to discuss how EXIM can support the export of “Made in the USA” goods and services to these nations. She also will discuss EXIM’s historic, seven-year reauthorization enacted in December 2019, which directed EXIM to establish a “Program on China and Transformational Exports” to advance the comparative leadership of the United States with respect to China and support United States innovation, employment, and technological standards through direct exports in key industries, including 5G, financial technology, renewable energy, biomedical sciences, biotechnology, artificial intelligence, and advanced computing.
Those participating in U.S. delegation events include the following:
- DFC Chief Executive Officer Adam Boehler
- EXIM Chairman Kimberly Reed
- U.S. Department of the Treasury Under Secretary for International Affairs Brent McIntosh
- U.S. Department of Commerce Acting Under Secretary for International Trade Joseph Semsar
- U.S. Department of Energy Principal Deputy Assistant Secretary for the Office of International Affairs Matt Zais
- U.S. Department of State Senior Advisor and Chief Business Development Officer for the Office of the Under Secretary of State for Economic Growth, Energy, and the Environment David Fogel
Also representing EXIM is Senior Vice President Luke Lindberg.
While in the region, EXIM Chairman Reed also will participate virtually in the 2020 Indo-Pacific Business Forum, which will take place in Hanoi, Vietnam, and is being hosted by the U.S. Trade and Development Agency (USTDA). Chairman Reed will underscore EXIM’s commitment to supporting health care, biomedical science, and biotechnology exports. Additionally, EXIM Chief Banking Officer Stephen Renna will participate in the forum on a panel discussion entitled, “Promoting Infrastructure Investment in the Indo-Pacific for a Better Future” and EXIM Senior Vice President for the Program on China and Transformational Exports David Trulio will participate in a panel discussion entitled, “U.S. Economic and Foreign Assistance Strategy Across the Indo-Pacific.”
Earlier this year at an event hosted by USTDA Acting Director Thomas R. Hardy at USTDA’s headquarters in Virginia, Chairman Reed met with seven ambassadors and four country deputies from the Association of Southeast Asian Nations (ASEAN). During the meeting, the Ambassadors discussed ways to further the export of U.S. goods and services to the Indo-Pacific region and underscored the role of and need for EXIM when it comes to $110 billion for infrastructure development in the region.
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.