FOR IMMEDIATE RELEASE September 10, 2020
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 via teleconference with U.S. Ambassador to Thailand Michael DeSombre as a continuation of their January 2020 discussion on how EXIM can help American businesses export their “Made in the USA” goods and services to Thailand.
During the meeting, Chairman Reed and Ambassador DeSombre discussed EXIM’s Program on China and Transformational Exports and how EXIM can support U.S. companies and key transformational export industries, including 5G and biomedical sciences, as they compete against Chinese-backed entities in Thailand and throughout the Association of Southeast Asian Nations (ASEAN) region.
Chairman Reed previously met with Ambassador DeSombre on January 24, 2020, at EXIM’s headquarters in Washington, D.C. In November 2019, Chairman Reed participated in the Indo-Pacific Business Forum 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, and then joined Assistant to the President for National Security Affairs Ambassador Robert C. O’Brien at the 14th Annual East Asia Summit. 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.
EXIM President and Chairman Kimberly A. Reed and U.S. Ambassador to Thailand Michael DeSombre during their January 24, 2020, meeting at EXIM headquarters in Washington, D.C.
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.