In an increasingly global marketplace, manufacturers rely on access to competitive trade finance tools – export credit, credit insurance and working capital – to seal the deal with overseas customers. When there are gaps in the private finance markets, the U.S. Export-Import Bank and other U.S. government export financing tools are critical trading tools that boost the ability of manufacturers in the United States to compete on a level playing field around the world. Given that nearly one-third of U.S. economic growth since mid-2009 has been driven by exports, the Ex-Im Bank’s role is critical to America’s growth. Since FY2014, Ex-Im has supported more than $50 billion of U.S. sales to foreign customers.
The NAM leads industry efforts to promote a fully functioning Ex-Im Bank and to promote other export financing tools to improve the ability of manufacturers in the United States to compete more successfully for overseas sales.
“At a time when manufacturing has captured the imagination of our leaders and the American people, I know our policymakers are eager to implement a strategy that will make our companies as competitive as possible in every market. I see the Ex-Im Bank as a vital component of that strategy.”
NAM President and CEO Jay Timmons, April 6, 2017
Mr. Timmons was joined on stage at the Ex-Im Bank annual conference by BTE Technologies President Charles Wetherington, who highlighted the import role that the Ex-Im Bank plays in supporting small business exporters.