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Readout from EXIM Chairman Kimberly Reed’s Meeting with U.S. Ambassador to the Kingdom of Denmark Carla Sands

FOR IMMEDIATE RELEASE October 9, 2020

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Office of Communications (202) 565-3207

WASHINGTON – President and Chairman of the Export-Import Bank of the United States (EXIM) Kimberly A. Reed met today with Carla Sands, U.S. Ambassador to the Kingdom of Denmark. The Chairman and the Ambassador discussed how to export more “Made in the USA” goods and services to Denmark and Greenland.

During the meeting, Chairman Reed and Ambassador Sands also discussed EXIM’s new Program on China and Transformational Exports, which directs EXIM to provide export financing to directly neutralize export subsidies offered by the People’s Republic of China, helping ensure a more level playing field for U.S. businesses and workers as they compete globally. The law charges EXIM with a goal of reserving not less than 20 percent of the agency’s totaling financing authority (i.e., $27 billion out of a total $135 billion) for support made pursuant to the program.

EXIM Chairman Kimberly A. Reed and U.S. Ambassador to the Kingdom Denmark Carla Sands
EXIM Chairman Kimberly A. Reed and U.S. Ambassador to the Kingdom of Denmark Carla Sands

Chairman Reed and Ambassador Sands previously met at the September Summit in Luxembourg where they met with U.S. Ambassadors to 16 European nations, interagency colleagues from the U.S. Departments of State and Commerce and the National Aeronautics and Space Administration, and leaders from the Luxembourg Government and European Union institutions.

ABOUT EXIM:

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.