Reta Jo Lewis Sworn in as U.S. Export-Import Bank President and Chair

Historic New Chapter Begins with a Focus on Small Businesses, American Competitiveness Around the World WASHINGTON – As America celebrates Black History Month, Reta Jo Lewis today became the first Black woman and person of color to head the Export-Import Bank of the United States (EXIM)...

READ MORE

EXIM Board Authorizes Nearly $194 Million Loan Guarantee Supporting Aircraft Exports to Panama’s Copa Airlines

WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of Directors today unanimously approved a final commitment to guarantee an approximately $194 million loan from Citibank and JPMorgan to Copa Airlines of Panama to finance the purchase of Boeing 737 MAX 9 aircraft. With...

READ MORE

Florida Export Finance Corporation in Miami Named EXIM 2021 REPP of the Year

State Trade-Finance Organization Referred 18 Small Businesses to EXIM, Resulting in $400,000 of EXIM Support in 2020 WASHINGTON –Today, the Export-Import Bank of the United States (EXIM) again awarded a state trade-finance organization, the Florida Export Finance Corporation (FEFC),...

READ MORE

First Solar Exports to Zacapa Solar-Energy Project in Guatemala is EXIM 2021 Deal of the Year

Ohio-based First Solar Wins Contract Over Competition from China to Export Thin-Film Solar Panels to Distributed Solar-Energy Project in Central America, Deal Financed by BankProv Backed by EXIM Loan Guarantee WASHINGTON – The Export-Import Bank of the United States (EXIM) today gave the...

READ MORE

Meridian Finance Group Named EXIM 2021 Broker of the Year

California-based Trade Finance and Insurance Firm with International Reach Honored by EXIM for Fourth Time as Broker of the Year WASHINGTON –Today the Export-Import Bank of the United States (EXIM) again recognized Meridian Finance Group , headquartered in Los Angeles, California, as...

READ MORE

Impello Global Named EXIM 2021 New Broker of the Year

Small Businesses Were 100 Percent of New EXIM Broker’s Customers in 2020 WASHINGTON –Today the Export-Import Bank of the United States (EXIM) awarded Impello Global Insurance Services LLC , headquartered in Seattle, Washington, as EXIM’s 2021 New Broker of the Year. EXIM presented...

READ MORE

AirFinance and Apple Bank Named EXIM 2021 Lenders of the Year

Aircraft Financing Arranger and Lender Recognized for Successful Collaboration Meeting Liquidity Challenges of COVID-19 Pandemic WASHINGTON – The Export-Import Bank of the United States (EXIM) today gave the Lender of the Year award to AirFinance Leasing LLC in Virginia and to Apple...

READ MORE

Florida Small-Business Manufacturer Motortronics Named 2021 EXIM Exporter of the Year

EXIM’s Export Credit Insurance and Working Capital Guarantees Enabled Florida Manufacturer to Expand Existing Sales and Enter New Markets WASHINGTON — Motortronics , a small-business manufacturer based in Clearwater, Florida, has been named an Exporter of the Year by the Export-Import...

READ MORE

Vermont Manufacturer Cabot Hosiery Mills, Inc./Darn Tough Named 2021 EXIM Exporter of the Year

EXIM’s Export Credit Insurance Enabled Vermont Small Business to Expand Existing Sales and Enter New Markets WASHINGTON – Cabot Hosiery Mills, Inc./Darn Tough , a small, family-owned business in Northfield, Vermont, that manufactures high-quality socks designed to be durable for outdoor...

READ MORE

Pennsylvania Textiles Manufacturer AKAS Textiles and Laminations Named an EXIM Exporter of the Year

Woman- and Minority-Owned Small Business Uses EXIM’s Export Credit Insurance and Working Capital Guarantees to Increase Revenue WASHINGTON – AKAS Textiles and Laminations (AKAS Tex), a woman- and minority-owned small business engaged in textiles design and manufacturing in Bensalem,...

READ MORE

Kentucky Woman-Owned Small Business Two Rivers Fisheries Named EXIM Exporter of the Year

EXIM’s Export Credit Insurance Enabled Environmentally Beneficial Small Business to Expand Existing Sales and Enter New Markets WASHINGTON – Two Rivers Fisheries Inc. , a woman-owned small business in Wickliffe, Kentucky, that processes and exports local fish to 12 countries, has been...

READ MORE

EXIM Renews Supply Chain Finance Guarantee of $180 Million Purchase Facility Supporting Sales of CFM International Aircraft Engines

Transaction Will Support an Estimated 600 American Jobs, Including Employment in the Aircraft Manufacturing Supply Chain WASHINGTON – Yesterday the Board of Directors of the Export-Import Bank of the United States (EXIM) approved the renewal of a 90 percent guarantee of a $180 million...

READ MORE

EXIM Signs Memorandum of Understanding with Ukraine’s Ministry of Economy

Agreement Expresses Intent to Facilitate Procurement of U.S. Goods and Services for Ukrainian Infrastructure Projects and Key Sectors WASHINGTON – Export-Import Bank of the United States (EXIM) Acting President and Chairman James Burrows and Deputy Vice Prime Minister of Ukraine and...

READ MORE

EXIM Approves $97.2 Million Working Capital Guarantee Facility to Support Embraer Executive Aircraft Exports Manufactured in Melbourne, Florida

Transaction Supports an Estimated 700 U.S. Jobs in Business Aircraft Manufacturing and Supply Chain WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday unanimously approved a $97.2 million, two-year revolving working capital loan guarantee...

READ MORE

EXIM Approves $500 Million in Financing to Support U.S.-Manufactured Commercial Aircraft Exports to WestJet

Transaction Supports an Estimated 2,900 U.S. Jobs in Aircraft Manufacturing and Supply Chain WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday approved a $500 million loan guarantee to support exports of U.S.-manufactured Boeing 787-9...

READ MORE

EXIM Approves $832.5 Million in Financing to Support U.S.-Manufactured Commercial Aircraft Exports to Turkish Airlines

Transactions Support 4,500 American Jobs in Aerospace Industry Affected by COVID-19 Pandemic WASHINGTON – Yesterday, the Board of Directors of the Export-Import Bank of the United States (EXIM) approved two transactions totaling $832.5 million in loan guarantees to support exports of...

READ MORE

EXIM Approves $80.7 Million to Support SpaceX Launch Services and U.S.-Brokered Insurance for Hispasat Satellite

First EXIM Satellite-related Deal Since 2015, Counters Foreign Competition WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) unanimously approved $80.7 million in EXIM financing to support launch services by SpaceX and also U.S.-brokered launch and...

READ MORE

EXIM Board of Directors Approves $54.9 Million Loan Guarantee Supporting Aircraft Engine Exports to Turkish Airlines

WASHINGTON – On May 20, the Board of Directors of the Export-Import Bank of the United States (EXIM) approved a $54.9 million guarantee of a loan from BNP Paribas, S.A., to support the export of a GEnx spare engine and two GEnx spare propulsors from GE Aviation to Turkish Airlines (Turk Hava...

READ MORE

USTDA Generates Record Results for U.S. Exporters

Arlington, VA – Today, the U.S. Trade and Development Agency announced a record-breaking return on investment and the highest since its founding in 1992. USTDA is now generating an average of $117 in U.S. exports for every dollar it programs toward advancing infrastructure projects in emerging...

READ MORE

USTDA Advances Sustainable Public Transit in Ecuador

Arlington, VA – The U.S. Trade and Development Agency has awarded a technical assistance grant to Quito’s public transit bus operator, Empresa Pública Metropolitana de Transporte de Pasajeros de Quito (EPMTPQ), to help modernize its bus fleet and expand related intelligent transportation...

READ MORE

USTDA Supports Smart Grid Deployment in Brazil

Arlington, VA – The U.S. Trade and Development Agency awarded a grant to the Brazilian Association of Electricity Distributors (ABRADEE) for technical assistance to enable large-scale smart grid deployment throughout Brazil. “USTDA’s assistance will support ABRADEE’s efforts to...

READ MORE

USTDA Supports Electric Vehicle Transition in Thailand

Arlington, VA – The U.S. Trade and Development Agency has awarded a grant to SCG International Corporation Co., Ltd. (SCG International), a wholly owned subsidiary of leading Thai conglomerate SCG, to advance the company’s ambitious decarbonization strategy. USTDA’s assistance will provide...

READ MORE

USTDA Supports Renewable Energy in Pakistan

Arlington, VA – The U.S. Trade and Development Agency has awarded a feasibility study grant to Pakistan-based engineering and construction company, Times Group (Private) Limited, for a renewable biofuels project that will improve environmental conditions in Karachi. Times Group selected...

READ MORE

USTDA Supports Banking Modernization in Solomon Islands

Arlington, VA – Today, the U.S. Trade and Development Agency awarded a grant to the Central Bank of Solomon Islands (CBSI) for technical assistance to modernize the country’s banking infrastructure. USTDA’s grant, its first in the Solomon Islands, will develop an information and...

READ MORE

USTDA Supports Healthcare Electrification in Nigeria

Arlington, VA – The U.S. Trade and Development Agency awarded a grant to Nigeria’s EM-ONE Energy Solutions Limited for a feasibility study that will strengthen healthcare delivery in rural and underserved regions of Nigeria through solar minigrid systems. “USTDA’s support for this...

READ MORE

United States Signs $217 Million Agreement to Fund Power Plant

FREETOWN, Sierra Leone – In a letter dated July 14, 2021, United States International Development Finance Corporation (DFC) committed to provide $217 million in debt financing for a new 83 megawatt power plant in Freetown. The Western Area Power Generation Project (WAPGP), sponsored by Milele...

READ MORE

Department of Commerce Honors U.S. Companies with Presidential Award for Export Achievements

WASHINGTON – Today, the Department of Commerce honored 31 U.S. companies and organizations that export goods and services overseas by naming them winners of the 2021 President’s “E” Awards. This year’s winners hail from 20 states, and of the 31 honorees, 25 are small and medium-sized...

READ MORE

Commerce Secretary Gina Raimondo Awards 13 Grants to Boost U.S. Exports, Support High Quality Jobs

Today, U.S. Secretary of Commerce Gina Raimondo announced 13 new grants designed to support the export success of U.S. businesses in key industries. The Market Development Cooperator Program (MDCP), administered by Commerce’s International Trade Administration, awarded nearly $3 million in...

READ MORE

Export Compliance Program Eighth Element: Build and Maintain Export Compliance Manual

by Blake Gill * We have made our way to the final element of our Export Compliance Program (ECP). This element can be placed last in the steps for its maintenance function, or in the event of a newly established export compliance manual, it can be the first element. You will need to ensure...

READ MORE

Export Compliance Program Seventh Element: Handling Violations and Taking Action

by Blake Gill * As we come to the last of functional elements of an Export Compliance Program (ECP), we arrive upon one of the dreaded topics of how to handle violations and take action. This element must be clear and concise on how an organization should handle any potential violations and...

READ MORE

Export Compliance Program Sixth Element: Audits

by Blake Gill * As we begin to get closer to the last of our Export Compliance Program (ECP) elements, we turn our focus from how to implement the ECP  to how to ensure the elements are properly aligning with our business. This can be accomplished by performing audits against your ECP....

READ MORE

Export Compliance Program Fifth Element: Training

by Blake Gill * Our last discussion was on the recordkeeping element . One of the most critical points of recordkeeping is the proper training of who, what, when and where. In order to properly record and store documents, the appropriate individuals need to be trained on their...

READ MORE

Export Compliance Program Fourth Element: Recordkeeping

by Blake Gill * In our last discussion, we reviewed the third element of Export Authorization . Once you have determined your path to exporting an item in a legal, compliant manner, you must keep the supporting documentation. Recordkeeping is mundane, I’m sure we can all agree upon...

READ MORE

Export Compliance Program Third Element: Export Authorization

by Blake Gill * Hello again! Last time we discussed how important a risk assessment is when building an Export Compliance Program (ECP). The results for the assessment will be a determining factor in the steps your organization must take to gain authorization for an export. If your...

READ MORE

Export Compliance Program Second Element: Risk Assessment

by Blake Gill * Last time we discussed our first element of management commitment . Once you have successfully gained the support from management that is required to properly create and run an Export Compliance Program (ECP), a risk assessment should be completed to identify those risks...

READ MORE

Export Compliance Program Introduction

by Blake Gill * So, you were voluntold into a position of export compliance? Don’t worry, this is a path that many individuals are forced into. Some even embrace the challenge and turn the new assignment into a prosperous career. After all, it’s not every day a child tells their...

READ MORE

Export Compliance Program First Element: “Management Commitment”

by Blake Gill * Welcome back friends! Our last topic was an introduction to the Export Compliance Program or ECP . We went over the basic elements of an ECP and some factors of the organization that may affect the outcome of the ECP. As promised, we will take a deeper dive now into the...

READ MORE

Quality within a compliance program

by Blake Gill * Oops, they did it again! A well-known company has recently agreed to pay some hefty fines for violations of the ITAR. I won’t spill the beans and spoil all the details, but the company was dinged for the same or similar actions before. They promised to get their act...

READ MORE

Compliance Overlap: The Importance of Understanding

by Blake Gill * In my many years of experience working with international trade controls, I like to think I have seen a large sample of possibilities that can arise in export control. Of course, nobody can really know and see it all; therefore, regulations constantly change. Recent action...

READ MORE

banner1