The Export-Import Bank

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LATEST NEWS FROM NAM »
Timmons: The World Is Passing Us By

“The world is passing us by, as Congress yet again failed to get our country off the sidelines. Congress had the opportunity to pass two bills that would immediately secure and create jobs for manufacturers in the United States and help our nation achieve sustained prosperity: a long-term highway funding bill and a bill to reauthorize the Ex-Im Bank. Congressional inaction on both is gambling jobs in the United States, ceding our mantle of economic leadership to foreign competitors and hurting small businesses and manufacturers. Our nation’s job creators and all Americans deserve more.”

Statement from NAM President and CEO Jay Timmons, July 29, 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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