Due to the uncertain nature of the COVID-19 pandemic, as well as the desire to be able to include as many businesses as possible, EXIM has decided to transform the 2020 Annual Conference to a virtual platform. There will be a number of events to engage in that are designed to help U.S. companies expand their exporting opportunities, including keynote speakers, panel discussions, and networking opportunities with a complementary mobile app to connect directly with the right people.Featured speakers include:
Overall, the virtual platform will provide attendees the ability to view activities as they occur during the three-day event. The conference will begin on September 9 with an interactive exhibitor hall where attendees can request one-on-one appointments. Plenary and breakout sessions will take place on September 10 and 11, including live question-and-answer opportunities. In the end, attendees will have access to recordings of all sessions. In addition to the virtual platform, EXIM is incorporating a small business track to provide additional information on how EXIM financial products can support their international sales. You can visit the website for more information and FAQs.
EXIM Opens Nomination Period for New Advisory and Sub-Saharan Africa Advisory CommitteesEXIM recently announced it is accepting nominations for members of the 2020-2021 Advisory Committee and 2020-2021 Sub-Saharan Africa Advisory Committee. Visit each page for more information, including full application requirements and materials. All completed applications must be sent to Eamon.Vahidi@exim.gov by 5:30 pm EDT on July 31, 2020. The EXIM Advisory Committee is comprised of 17 members, at least 3 being from small business, and meets at least quarterly to provide guidance and advice concerning EXIM policies and programs, particularly the extent to which the agency provides competitive financing to support American jobs through exports. The EXIM Sub-Saharan Africa Advisory Committee is comprised of 11 members, at least one being from small business, and meets at least twice a year to provide guidance and advice regarding EXIM policies and programs designed to support the expansion of financing support for U.S.-manufactured goods and services in sub-Saharan Africa.
Chairman Reed Meets with China Task Force to Discuss EXIM’s Role in Countering China In a virtual meeting with the U.S. House of Representatives China Task Force, Chairman Reed presented on the role of EXIM and how the agency’s historic reauthorization can be used to counter China. She shared about key elements from the recently released EXIM Report to the U.S. Congress on Global Export Competition. Among these were that China is using its two official export credit agencies, along with a number of other state entities, to expand influence and gain advantages, as well as that China provided $33.5 billion in official medium- and long-term export credit in FY19, more than three times the amount of the next closest provider. Chairman Reed thanked the members of Congress for mandating the establishment of a “Program on China and Transformational Exports” with the goals of using no less than 20 percent of EXIM’s total financing authority to directly neutralizing China’s export subsidies for competing goods and services, advancing the comparative leadership of the U.S., and supporting innovation in export industries like 5G, artificial intelligence, and renewable energy. Chairman Reed Meets with Iraqi Ambassador to the United States to Discuss RelationsChairman Reed met via teleconference with the Iraqi Ambassador to the United States Fareed Yasseen. The two discussed the economic impact of the COVID-19 pandemic as well as future collaboration opportunities, such as how EXIM and Iraq can build on existing work to support a $5 billion memorandum of understanding that was signed last October between EXIM and Iraq’s Ministry of Finance. Chairman Reed and Ambassador Yasseen previously met in June 2019. In addition, EXIM has signed two preliminary commitments for U.S. exports to projects in Iraq, which could potentially support an estimated 3,200 jobs across eight states in the gas-processing and power-related sectors.
EXIM Continues to Host Roundtable Discussions with Stakeholders from Diverse Economic SectorsIn May, EXIM launched its “Strengthening American Competitiveness” initiative which consists of a series of teleconferences designed to solicit valuable feedback from a number of transformational industries as identified by Congress. In recent weeks, Chairman Reed hosted over 180 business leaders and stakeholders in the space technology sector joined in the discussion by individuals representing Planet, Maxar, SpaceX, Hawkeye 360, Hughes Communications, Inc., and Euroconsult. She also hosted over 85 individuals in the biomedical sciences sector. Organizations represented on that call included GE Capital, Medtronic, Global Health at the University of Utah, American Medical Engineering, and Flow Sciences Inc. There are two teleconferences left to finish off the series. See below:
Chairman Reed Meets with Houston Business Leaders to Underscore EXIM’s CommitmentChairman Reed addressed more than 50 members of the Greater Houston Partnership in a virtual event called “Business Beyond Borders: International Exports.” Topics outlined included EXIM’s new China Program as well as COVID-19 relief measures. Chairman Reed was joined on the call by the Honorable Eduardo Aguirre, Chairman, and CEO of the Atlantic Partners Group, former U.S. Ambassador to Spain and Andorra, and Acting Chairman of EXIM during the George W. Bush Administration. In October 2019, Chairman Reed visited the Port of Houston and met with area businesses. During the virtual event, she expressed how important this partnership is to EXIM given that 17 percent of the region’s economy is tied to exports with over 5,000 Houston-area companies doing business abroad.
Chairman Reed Addresses National Association of Credit Union Service Organizations (NACUSO)During a virtual event, Chairman Reed addressed around 30 members of the NACUSO, outlining how credit unions can partner with EXIM to support their small-business members. She highlighted how credit union customers can use EXIM’s financing tools and resources to grow their international sales and create American jobs. This webinar is the first in a series of outreach efforts to credit unions, following June 9, 2020, signing of a memorandum of understanding between EXIM and the National Credit Union Administration.
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