FOR IMMEDIATE RELEASE February 27, 2020
Office of Communications (202) 565-3201
Washington, D.C. – President and Chairman of the Export-Import Bank of the United States (EXIM) Kimberly A. Reed met today with U.S. Ambassador to Switzerland Edward McMullen to discuss how EXIM can help American businesses export their “Made in the U.S.A.” goods and services to Switzerland.
During the meeting, Chairman Reed and Ambassador McMullen discussed the importance of the long-standing U.S.-Swiss economic and national security relationship, as well as EXIM’s recent historic seven-year reauthorization. The new legislation directs EXIM to establish a new “Program on China and Transformational Exports” to advance the comparative leadership of the United States through direct exports to countries around the world in ten areas, including artificial intelligence, biotechnology, wireless communications equipment (including 5G or subsequent wireless technologies), emerging financial technologies, and renewable energy.
EXIM President and Chairman Kimberly A. Reed met today with U.S. Ambassador to Switzerland Edward McMullen
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. 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.