FOR IMMEDIATE RELEASE November 20, 2020
Office of Communications (202-565-3207)
WASHINGTON – Export-Import Bank of the United States Chief of Staff Ryan McCormack, Senior Vice President for External Engagement Luke Lindberg, and National Security Advisor Jamal Ware yesterday met with government officials from Uzbekistan to discuss how EXIM can support the export of “Made in the USA” goods and services to Uzbekistan.
Participants from Uzbekistan were:
- Mr. Sodiq Safaev, H.E. Senator, First Deputy of the Chairman of The Senate, Oily Majlis of Uzbekistan
- Mr. Laziz Kudratov, First Deputy Minister of Investments and Foreign Trade
- Rukhullo Zikrillaev, Trade and economic counselor, Embassy of the Republic of Uzbekistan in the U.S.
EXIM leadership also discussed EXIM’s recent congressional reauthorization, the COVID-19 pandemic, and potential opportunities for collaboration including in sectors such as oil, gas, and infrastructure. Participants also discussed EXIM’s new Program on China and Transformational Exports, which focuses on ten key industries including 5G and wireless telecommunications, quantum computing, renewable energy, biotechnology, and water sanitation. The Program directs EXIM to provide export financing to directly neutralize export subsidies offered by the People’s Republic of China, thereby 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.
From L-R: Laziz Kudratov, Sodiq Safaev, Ryan McCormack, Luke Lindberg, and Jamal Ware
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.