EXIM Chairman Reed Highlights EXIM Support for California Businesses at Los Angeles Area Chamber of Commerce World Trade Week

by Export-Import Bank of the United States

PRESS RELEASE
Media Contact: Office of Communications; 202.565.3207 
For Immediate Release: September 22, 2020

EXIM Chairman Reed Highlights EXIM Support for California Businesses at Los Angeles Area Chamber of Commerce World Trade Week

WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman of the Board of Directors Kimberly A. Reed today delivered prerecorded remarks at the Los Angeles Area Chamber of Commerce virtual event “World Trade Week Celebrating Trade in L.A.”, with the theme Southern California: Fueling Innovation and Economic Growth.

In her remarks, Chairman Reed highlighted EXIM’s COVID-19 relief measures, as well as EXIM’s new Program on China and Transformational Exports, which is designed to directly neutralize Chinese export subsidies, advance the comparative leadership of the United States with respect to China, and support U.S. innovation, employment, and technological standards in ten key technology sectors. Chairman Reed also underscored EXIM’s commitment to supporting L.A.-area businesses and workers as they export their “Made in the USA” products around the world.

“We are excited to have Kimberly Reed as our featured keynote for the 94th annual World Trade Week virtual event. This year has shown how interconnected the world is, as well as how global trade is fueling innovation and economic growth for the Los Angeles region through challenging times,” said Maris S. Salinas, President & CEO of the Los Angeles Area Chamber of Commerce.

ABOUT EXIM:
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.

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