READOUT: EXIM Chair’s Council on China Competition Meets to Discuss Year-Ahead Outlook and Organize Recommendations
WASHINGTON – Yesterday, the 2021-2022 Chair’s Council on China Competition for the Export-Import Bank of the United States (EXIM) met to discuss the upcoming year and goals for the Council.
Council Chair Admiral Gary Roughead, U.S. Navy (ret.) led the virtual meeting of expert members, with Acting EXIM President and Chair, James Burrows and Senator Heidi Heitkamp, Chair of EXIM’s Advisory Committee, also present. The meeting also saw the participation of several senior EXIM staff members and included updates regarding EXIM’s recent request for public comment for possible financing of domestic transactions with an export nexus.
The Council then discussed opportunities to improve America’s export competitiveness with China through EXIM’s China and Transformational Exports Program, shared ideas for strengthening EXIM’s support for U.S. companies facing competition from Chinese export credit and developed a workplan to issue recommendations later this spring.
The Chair’s Council on China Competition is a subcommittee of EXIM’s Advisory Committee dedicated to providing guidance on advancing comparative leadership of the United States with respect to China and supporting U.S. innovation and employment through competitive export finance.
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.