Joins Texas Secretary of State and Export Credit Agencies from Canada and Mexico to Celebrate Economic and Security Partnership
FOR IMMEDIATE RELEASE September 1, 2020
Office of Communications (202) 565-3207
WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today participated in the Greater Houston Partnership’s U.S.-Mexico-Canada Agreement (USMCA) Day, a virtual event focusing on the USMCA trade agreement and its effect on global supply chains and foreign policy.
As part of the day, Chairman Reed participated in a panel discussion titled, “Mitigating Risk: Tools to Drive North American Exports,” moderated by George Y. Gonzalez, Chair, International Advisory Committee, Greater Houston Partnership, and featuring the Honorable Ruth R. Hughs, Secretary of State, State of Texas; Mairead Lavery, President and CEO of Export Development Canada; and Mario Rodriguez Montero, Deputy Director General for Strategic Planning, NAFIN & Bancomext.
“As President Trump stated, ‘the USMCA is the largest, most significant, modern, and balanced trade agreement in history. All of our countries will benefit greatly.’ It was an honor to join my export agency colleagues from Canada and Mexico, Texas Secretary of State Hughs, and the Greater Houston Partnership to celebrate jobs, jobs, jobs,” said EXIM Chairman Kimberly Reed. “Businesses are looking closer than ever at EXIM’s export finance solutions and we want our North American allies and partners to know that EXIM is open for businesses after its historic seven-year reauthorization. USMCA serves as an important tool in strengthening our economic and national security and provides a strong incentive for businesses in our neighboring countries to find new customers across our borders through exports while supporting jobs here in the United States.”
In July, Chairman Reed participated in a virtual “Business Beyond Borders: International Exports” event with more than 50 members of the Greater Houston Partnership, where she underscored EXIM’s commitment to U.S. exporters.
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