Showing posts with label U.S. EXPORT SALES. Show all posts
Showing posts with label U.S. EXPORT SALES. Show all posts

Wednesday, February 26, 2014

COMMERCE DEPT. ANNOUNCES EXPORTS SUPPORTED OVER 11.3 MILLION JOBS IN 2013

FROM:  EXPORT-IMPORT BANK 
U.S. Exports Support a Record 11.3 Million Jobs in 2013

Washington, D.C. – Today the Department of Commerce announced that U.S. exports supported more than 11.3 million jobs in 2013, up 1.6 million jobs since 2009. In FY 2013, the Export-Import Bank supported an estimated 205,000 jobs.

According to the data in the report, exports now support more jobs than any time in the past 20 years.

“The job counts published today reveal just how important exports are to American jobs,” said Export-Import Bank Chairman and President Fred P. Hochberg. “That is why at Ex-Im Bank we continue to stand side-by-side with American exporters and help them fill orders abroad. In FY 2013 alone, our institution supported an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs.”

In 2013, every $1 billion of U.S. exports supported nearly 5,600 jobs. Goods exports supported 7.1 million jobs in 2013, up 1.1 million positions from 2009. Services exports supported 4.2 million jobs in 2013, which is a record for the noted 20 year period.

Saturday, February 8, 2014

SHORT- MEDIUM TERM FINANCE OPENED IN BURMA BY EX-IM BANK

FROM:  EXPORT-IMPORT BANK 
Ex-Im Bank Opens for Short-Term and Medium-Term Financing in Burma

Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) announced today that it will open for business in Burma to help finance short-term and medium-term U.S. export sales.

“Today the Export-Import Bank is sending a strong signal that we are committed to strengthening economic ties with Burma as the nation continues its transition,” said Ex-Im Bank Board Chairman and President Fred Hochberg. “After a diligent review, the Bank's Board reached this decision--which will improve trade flows between our two countries and help reintegrate Burma into the global economy. Furthermore, this decision will open an important new market for American exports and support American jobs.”

Ex-Im Bank can now provide export-credit insurance, loan guarantees and direct loans for creditworthy export sales to Burma starting February 6, 2014.  Short-term insurance is available for sovereign transactions with repayment terms of 180 days or less, and up to 360 days for capital goods. Medium-term insurance, loan guarantees and loans are available for sovereign transactions with terms typically up to five years.

The Bank's working capital guarantees, which help U.S. exporters or their suppliers to obtain funds to produce or buy goods or services for export, will be available to support exports to Burma as well.

The Bank is also able to provide long-term support in Burma, provided there are financing arrangements that eliminate or externalize country risks, such as asset-backed financings and structures that earn revenues offshore in a third country.


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