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Readout from Chairman Reed’s Meeting with U.S. Ambassador to Thailand Michael DeSombre

FOR IMMEDIATE RELEASE January 24, 2020

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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 newly confirmed U.S. Ambassador to Thailand Michael DeSombre to discuss how EXIM can help American businesses export their “Made in the U.S.A.” goods and services to Thailand.

During the meeting, Chairman Reed and Ambassador DeSombre discussed how EXIM can support projects in Thailand and throughout the Association of Southeast Asian Nations (ASEAN) region. They also reviewed EXIM’s historic seven-year reauthorization, which includes a congressional directive to focus on economic and national security challenges from China.

In November, Chairman Reed participated in the Indo-Pacific Business Forum and the East Asia Summit in Bangkok, where she met with government and private-sector leaders to emphasize how EXIM can help facilitate trade in the Indo-Pacific region while creating American jobs at home. During that visit, she also met with President Pisit Serewiwattana of the Export-Import Bank of Thailand (Thai EXIMBANK), the official Thai export credit agency (ECA), and discussed ways the two ECAs could collaborate on projects in the region involving U.S. exports.

Chairman Reed standing in front of a US Flag with Ambassador DeSombre
EXIM President and Chairman Kimberly A. Reed met today with newly confirmed U.S. Ambassador to Thailand Michael DeSombre at EXIM headquarters in Washington, D.C.

ABOUT EXIM BANK:

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.