READOUT: Export-Import Bank of the United States Meets with Australian Delegation Led by Minister for Trade and Tourism
WASHINGTON – Export-Import Bank of the United States (EXIM) Board Member Owen Herrnstadt and senior staff met today with a delegation of government officials led by Australia’s new Minister for Trade and Tourism and Special Minister of State Don Farrell to continue discussions between Australia and EXIM.
During the meeting, both parties underscored the deep friendship between the United States and Australia and committed to working together to deepen commercial partnership opportunities across the Indo-Pacific, especially as they relate to priorities like the Indo-Pacific Economic Framework and the Partnership for Global Infrastructure and Investment.
Director Herrnstadt outlined EXIM’s China and Transformational Exports Program (CTEP) and the potential possibilities that CTEP’s financing flexibilities could offer for foreign buyers in the region purchasing high-quality American exports. Herrnstadt also emphasized the continued importance of EXIM’s work with Export Finance Australia on potential critical minerals projects and in other key sectors such as renewable energy, energy storage and wireless communications.
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.