Reopening America, US EXIM endeavours!
Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed addressed more than 150 members of the American Society of Association Executives (ASAE) on Monday. EXIM, which has a 515-person workforce and $135 billion in financing authority, prioritizes supporting U.S. small-business exporters who need certainty and protection to tackle new markets, expand, and create jobs. In FY 2019, over 89 percent of EXIM’s transactions nearly 2,100 directly supported exports from American small businesses.
During a virtual fireside chat with ASAE President and CEO Susan Robertson, followed by a question-and-answer session facilitated by ASAE Vice President for Public Policy Mary Kate Cunningham, Chairman Reed discussed the importance of engaging with diverse associations and their thousands of members and business partners who seek to succeed in the global marketplace through the export of outstanding American-made goods and services. She outlined EXIM’s COVID-19 relief measures and reaffirmed the agency’s continuing commitment to supporting U.S. businesses and jobs as the country reopens and the American economy rebounds.
“Chairman Reed has a wealth of insight and expertise to share about EXIM’s role in boosting U.S. trade and job creation, which is more valuable than ever as we seek to jumpstart an economy staggered by the coronavirus pandemic,” said ASAE President Robertson. “As a former association leader and a Certified Association Executive (CAE), she can draw on personal experience to help the ASAE community play its own influential role in America’s recovery.”
“I thank the American Society of Association Executives-the ‘association of associations’ and its members, who represent every sector of our economy, for our robust conversation on leadership, strategic management, and how EXIM stands ready to support all sectors that seek to succeed in the competitive global marketplace,” said Chairman Reed.
“It was an honor to join more than 150 leaders, representing innovative industries like health care, biomedical sciences, transportation, energy, financial services, and manufacturing, as we come together to reopen America and transform our nation” Reed added.
Chairman Reed also discussed EXIM’s new Program on China and Transformational Exports, established in EXIM’s historic reauthorization, which is intended to help level the playing field for U.S. exporters and workers by directly neutralizing export subsidies for competing goods and services offered by the People’s Republic of China.
In May, EXIM-which also is focused on supporting U.S. innovation, employment, and technological standards -launched its “Strengthening American Competitiveness” initiative, beginning with a series of teleconferences with American businesses and stakeholders.
