Discusses EXIM Tools to Assist American Businesses to Expand Their International Sales and Support U.S. Jobs
FOR IMMEDIATE RELEASE July 29, 2020
Office of Communications (202-565-3203)
WASHINGTON — Export-Import Bank of the United States (EXIM) Board Member Spencer T. Bachus III today delivered prerecorded remarks to the San Diego Regional Chamber of Commerce, outlining trade finance solutions U.S. companies can use to increase their international sales, showcase their “Made in the USA” products, and sustain American jobs.
Director Bachus addressed more than 100 registered attendees of the Chamber’s International Business Affairs Forum, highlighting EXIM’s financing tools and resources available to assist companies navigating the cross-border business landscape in the San Diego region, particularly small and medium-sized businesses. He also underscored the opportunities resulting from the United States-Mexico-Canada Agreement (USMCA), the trade agreement that took effect July 1, 2020, and he outlined EXIM’s COVID-19 (coronavirus) relief measures.
“EXIM is pleased to work with the San Diego Regional Chamber of Commerce and the 2,500 companies and 300,000 business people it represents,” said Director Bachus. “Businesses of all sizes have succeeded through exporting, and EXIM is here to help.”
Others participating in the webinar were:
- Caroline Winn, Chair, San Diego Regional Chamber of Commerce Board of Directors.
- Carolina Chavez, Member, San Diego Regional Chamber of Commerce Board of Directors.
- Daniel Ortiz, CEO, PCM Corporativo.
- Sandra Donzella, EXIM Deputy Managing Director — Western Regional Office.
“As a binational region, trade is essential to our economic growth, and programs like this one are a valuable resource to our members interested in exploring import and export options,” said Jerry Sanders, President and CEO of the San Diego Regional Chamber of Commerce. “We are very grateful to the Export-Import Bank of the U.S. and PCM Corporativo for their partnership on this program and sharing their insight with our members.”
For more than 145 years, the San Diego Regional Chamber of Commerce has been the leading advocate and voice for business policy and connections in the San Diego-Baja California region, working to make San Diego a place where businesses can succeed and grow while creating jobs, supporting infrastructure, and ensuring that neighborhoods thrive.
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.