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Information contained on this page is provided by an independent third party content provider. WorldNow and this Station make no warranties or representations in connection therewith.WASHINGTON, June 25, 2014 /PRNewswire USNewswire/ Today, Export Import Bank (Ex Im Bank) Chairman and President Fred P. Hochberg unveiled the Bank Annual Competiveness Report to Congress, which underscores the need for continued Ex Im support for American exporters to help level the playing field in an increasingly competitive global marketplace. jobs," said Export Import Bank Chairman and President Fred P. Hochberg. Nike Huarache Ultra Breathe Mens

2013.In addition, the report underscores two trends: unregulated competition is expanding and commercial banks have largely withdrawn from pockets of the export finance arena, including providing support for small businesses. The United States faces more robust competition from export credit agencies offering terms that are not regulated by the Organisation for Economic Co operation and Development (OECD), which encourages global export competition based on free market principles and mutually agreed upon standards. For example, Ex Im Bank support for all of its $15 billion in medium and long term financing was regulated by the OECD Arrangement, but other OECD member countries offered more than $60 billion alone of unregulated export financing support (on top of $83 billion in export financing governed by the OECD Arrangement).Nations that are not subject to the OECD framework, including Brazil, Russia, India and China, provided $115 billion in trade related financing. exporters at a competitive disadvantage absent the tools made available by Ex Im Bank.Moreover, the report found that the appetite of commercial banks for long term projects continued to diminish since the implementation of Basel III and other banking reforms. As liquidity sources for certain projects remain scarce, export credit agency support has become more necessary to fill gaps in the trade finance marketplace and ensure that American exporters remain competitive. exporters will continue to rely upon Ex Im Bank support as they seek to take advantage of emerging economies and the 95 percent of consumers that live abroad. jobs by filling gaps in private export financing at no cost to American taxpayers. goods and services. taxpayers more than $1 billion above the cost of operations. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions or 89 percent for small businesses.

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businesses, remain competitive and have the support they need to export their products and create jobs here at home."The Bank competitiveness report for 2013 shows that while for decades, global export competition was Nike Air Huarache Aloha governed by international standards put in place to ensure that companies could compete on free market factors like price and quality rather than on aggressive government financing, today the global marketplace is changing. While 100 percent of official support for trade operated under these international rules 15 years ago, today that number has plummeted to 34 percent. Currently Russia, China and other countries offer subsidies and financing terms including support of their state sponsored companies that threaten American jobs and export opportunities.The report also highlights the rapid growth of export financing from three Asian competitors: Korea, Japan and China. These countries provided significantly more export credit support to their respective domestic companies and industries than did the United States in Nike Air Huarache New

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