The Export-Import Bank

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LATEST NEWS FROM NAM »
Manufacturers Applaud Senate Passage of Ex-Im Amendment to Transportation Bill

“Tonight the Senate continued to show leadership by voting to reauthorize Ex-Im, and we appreciate all of the good work done by Sens. Kirk and Heitkamp and all co-sponsors in ensuring this amendment’s success,” said National Association of Manufacturers President and CEO Jay Timmons. “Each day without Ex-Im is a day our country falls further behind in the competition for exports. It’s time to allow a bipartisan majority of Congress to reauthorize a tool that we need to enhance America’s free enterprise system against aggressive foreign competitors and level the playing field for manufacturers to win business for more U.S. jobs.”

Statement from NAM President and CEO Jay Timmons, July 27, 2015

Ex-Im Bank Logo

The NAM serves as co-chair of the Exporters for Ex-Im Coalition, which represents small, medium and large Ex-Im Bank users across the country.

What You Need to Know

Stories From the Shopfloor: The Ex-Im Bank matters to manufacturers

Since the 1990s, CNH Industrial -- and our suppliers -- have benefitted from Ex-Im Bank financing to export over $1 billion worth of equipment, supporting over 100,000 U.S. jobs.

Click Bond Director of Strategic Partnerships Paul McNeill says… critics fail to recognize Ex-Im’s downstream impact on small and mid-size manufacturers that do not contract directly with Ex-Im Bank.

Ellicott Dredges sells equipment to more than 100 countries with foreign sales representing over half of the company’s revenues. Company President Peter Bowe says the uncertainty that Congress has created over the reauthorization of the Ex-Im Bank is causing concern from foreign customers...

Ex-Im-Bank-Reauthorization-Advertisement
The NAM took out ads in both Politico and CQ Roll Call, urging for a long-term reauthorization of The Ex-Im Bank.

New research published by the NAM documents the massive size and growth of foreign export credit activity. Most developed countries and many developing countries have official export credit agencies (ECAs), with more than 60 operating worldwide. With the nine largest foreign ECAs--Brazil, Canada, China, France, Germany, Japan, Mexico, South Korea and the United Kingdom--providing nearly half a trillion dollars in annual export support, manufacturers in the United States are at a deep disadvantage in competing for sales overseas:

Forfeiting Opportunity

Ex-Im Bank reauthorization is essential for manufacturers to compete globally in the face of massive foreign export credit financing  
The Global Export Credit Dimension

The size of foreign export credit agencies compared to the Export-Import Bank of the United States  


 


   

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