ICYMI: EXIM Engages Over 1,100 Stakeholders in "Strengthening American Competitiveness" Initiative
WASHINGTON - Export-Import Bank of the United States (EXIM) recently concluded its "Strengthening American Competitiveness" initiative (the Initiative), a highly productive and informative series of engagements with over 1,100 exporters and stakeholders in sectors key to long-term U.S. prosperity and security. The insights and feedback from the Initiative are playing a crucial role in ensuring EXIM's Program on China and Transformational Exports (the Program) is best positioned to deliver on EXIM's mission to support American jobs by facilitating U.S. exports.
The Program, established in EXIM's historic seven-year reauthorization signed into law by President Trump on December 20, 2019, directs EXIM to provide financial products to directly neutralize export subsidies offered by the People's Republic of China, helping to ensure a level playing field for U.S. businesses and workers as they compete globally. The Program has the aim of advancing the comparative leadership of the United States and supporting U.S. innovation, employment, and technological standards globally in ten transformational export industries including emerging financial technologies.
The Initiative included targeted outreach to exporters in transformational export industries, culminating in eight teleconferences hosted by EXIM President and Chairman of the Board of Directors Kimberly A. Reed.
"These transformational exports drive growth in the United States economy, enhance our economic and national security, and improve our quality of life," said Chairman Reed. "EXIM's new Program on China and Transformational Exports is a crucial tool to advance U.S. leadership around the world, and the Strengthening American Competitiveness initiative was an important early step in getting this effort off the ground. I am committed to working with the private sector and our interagency partners to ensure the United States continues support American workers and lead in these critical sectors."
"We owe thanks to the participating U.S. exporters, stakeholders, and interagency partners for their time, creativity, and numerous insights on how the Program can best fulfill its mandate. Their contributions position us collectively to identify and execute deals in the face of fierce global competition from Chinese state-backed entities," said David Trulio, Senior Vice President for the Program on China and Transformational Exports.
Topics, call recordings, and fact sheets can be found below.
|Renewable Energy||Fact Sheet - Renewable Energy||Call Recording|
|Wireless Communication (5G)||Fact Sheet - Wireless Communication||Call Recording|
|Artificial Intelligence, High-Performance Computing, and Quantum Computing||Fact Sheet - Artificial Intelligence |
Fact Sheet - High-Performance Computing
Fact Sheet - Quantum Computing
|Water Treatment and Sanitation||Fact Sheet - Water Treatment and Sanitation||Call Recording|
|Space Technology||Fact Sheet - Space Technology||Call Recording|
|Biotechnology and Biomedical Sciences||Fact Sheet - Biotechnology |
Fact Sheet - Biomedical Sciences
|Semiconductors||Fact Sheet - Semiconductors||Call Recording|
|Emerging Financial Technologies||Fact Sheet - Emerging Financial Technologies||Call Recording|
Below you will find what EXIM's private-sector and interagency partners are saying about the Initiative and EXIM's support of transformational industries:
Richard Powell, Executive Director of Clearpath and member of EXIM's Advisory Committee: "EXIM will play a key role in advancing U.S leadership in transformational technologies around the globe. Making investments in advanced industries such as clean energy will promote national security, energy security, and human health - all while building America's competitive position around the globe."
Alex Sanchez, President and CEO of the Florida Bankers Association and member of EXIM's Advisory Committee: "It is great to see EXIM proactively helping U.S. industry counter competition from China. If the U.S. doesn't maintain leadership in its strategic sectors and supply chains now, then it will become even harder to do so in the future. Chairman Reed has been promoting American companies and exports since the day she was sworn in as the head of the EXIM bank."
Rodney Ferguson, President and CEO of Winrock International and a member of EXIM's Advisory Committee: "Maintaining and expanding the U.S.' leadership in renewable energy is an economic and strategic imperative for our country. With renewable energy use growing much faster over the past decade than originally projected, and predictions of even faster growth in the decades ahead, renewable energy infrastructure and technology exports represent a tremendous opportunity for U.S. businesses."
Slav Gatchev, Managing Director of Delphos International: "EXIM can lead the world's Export Credit Agencies in spurring sustainable, private sector-led growth overseas and thus supporting employment and innovation in the U.S. We salute EXIM's willingness to launch new products and reimagine its programs and operations to make them more flexible and attractive to U.S. exporters and their global buyers in today's integrated and competitive economy."
Maj Gen Robert Wheeler, USAF (Ret): "5G is the enabler of artificial intelligence, machine learning and big data - the engine of modern economies and the fuel to western GDP growth."
Maria Cino, Vice President of Americas & U.S. Government Relations at Hewlett-Packard Enterprise, and a member of EXIM's Advisory Committee: "Government and the Technology industry are wise to work together to ensure that the U.S. remains a global leader in high performance computing and Artificial Intelligence. Public private partnerships can be a powerful engine for innovation. Engaging the tech sector is critical as we look toward the future because it will inform investment and drive innovation. Other countries including China are trying to catch up with the U.S.' supercomputing and AI resources, and it's important that we don't fall