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...

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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...

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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....

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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...

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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...

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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...

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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...

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EXIM Finalizes First-Ever U.S. LNG Export Transaction in Support of 200 American Jobs

Action Finalizes EXIM Board’s September $50 Million Authorization for Houston-Based Freeport LNG; First Use of EXIM’s Groundbreaking Supply Chain Transaction with Funder Guarantee WASHINGTON — Building on the Export-Import Bank of the United States (EXIM) Board of Directors’...

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EXIM Board Votes to Authorize $327 Million Loan Guarantee in Support of 1,300 U.S. Jobs in Hard-Hit Aviation Sector

Following Congressional Notification Period, EXIM Board Unanimously Approves Copa Airlines Final Commitment WASHINGTON — The Export-Import Bank of the United States (EXIM) Board of Directors today voted unanimously to approve a final commitment to guarantee a $327 million loan from...

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EXIM Chairman Reed Presents American Botanicals with Exporter of the Year Award

Missouri Small Business Supplier of Spices, Herbs, and Botanicals Utilizes EXIM’s Export Credit Insurance to Export More Than $8 Million in Past Six Years EOLIA, Missouri — Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed yesterday presented an...

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EXIM Chairman Reed Visits Interstate Narrow Fabrics to Present Exporter of the Year Award

North Carolina Textile Industry Small Business Manufacturer Utilizes EXIM Export Credit Insurance to Expand International Sales, Swiftly Turned to Producing Face Mask Elastics at Start of COVID-19 HAW RIVER, North Carolina — Export-Import Bank of the United States (EXIM) President and...

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EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Minnetonka, Minnesota Small Business Fireaway, Inc.

Presents Award to Minnesota Small Business Providing Fire Suppression Equipment MINNETONKA, Minn. – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today presented an Exporter of the Year award to Fireaway, Inc. (link is external), a small...

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EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Fort Lauderdale Small Business Greenfield World Trade

Foodservice Equipment and Supply Company Honored During Economic Club of Florida Keynote TALLAHASSEE, Fla. – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today presented its Exporter of the Year award to Greenfield World Trade (link is...

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EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Wilmington Paper in Pine Brook, New Jersey

Presents Award to Third-Generation, Family-Owned Business, Specializing in Creating Recycling Management Programs WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today presented an Exporter of the Year award to Wilmington Paper...

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EXIM Honors 13 Small Businesses as Exporters of the Year During 2020 Annual Conference

Winners from 12 States Exemplify EXIM’s Mission of Supporting American Jobs by Facilitating U.S. Exports WASHINGTON — The Export-Import Bank of the United States (EXIM) today announced that 13 small businesses representing a cross section of American innovation and industry sectors...

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Enoh T. Ebong Appointed USTDA Acting Director

Arlington, VA – Today, President Joseph R. Biden, Jr. appointed Enoh T. Ebong as the Acting Director of the U.S. Trade and Development Agency. The appointment meant a return to USTDA where from 2004 to 2019, Ms. Ebong had served in a variety of roles, most recently as the Agency’s General...

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USTDA Announces New Export Multiplier, Highest ROI in Agency History

Arlington, VA – Today, the U.S. Trade and Development Agency announced another record-breaking return on its investment and the highest since its founding in 1992. USTDA is now generating an average of $112 in U.S. exports for every dollar the Agency invests in its infrastructure projects...

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USTDA Produces Unprecedented Amount of U.S. Exports

Arlington, VA – Today, the U.S. Trade and Development Agency announced a record-breaking return on investment since the Agency was created in 1992. Far exceeding results from previous years, USTDA is generating $111 in U.S. exports for every dollar invested in infrastructure projects in...

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USTDA Supports LNG Importation and Distribution in Guinea

CONAKRY, Guinea – The U.S. Trade and Development Agency (USTDA) today announced a grant to West Africa LNG Group Guinea SA (WA-LNG) for a feasibility study to assess the economic, financial and technical viability of a liquefied natural gas (LNG) receiving terminal and distribution network near...

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USTDA Supports Port Cybersecurity in the Dominican Republic

SANTO DOMINGO, Dominican Republic — Last week, the U.S. Trade and Development Agency awarded a technical assistance grant to Fundación Ramon E. Mella (FRM), a maritime and port organization in the Dominican Republic. The grant will support the development of a national cybersecurity risk...

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USTDA Supports ICT Access in the Philippines, Creating Opportunities for U.S. Companies

Manila, Philippines – Today, the U.S. Trade and Development Agency awarded a grant to the Philippines Department of Information and Communications Technology (DICT) to support implementation of the Philippines National Broadband Network Project. The grant will fund technical assistance to help...

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DFC Approves Nearly $900 Million for Global Development Projects

First projects approved by DFC’s Board of Directors will address critical needs in Africa, Indo-Pacific, and Latin America WASHINGTON – The Board of Directors of U.S. International Development Finance Corporation (DFC) today approved $881 million in financing and political risk insurance...

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OPIC to Support World’s Longest Subsea Telecommunications Cable

Infrastructure will improve digital connectivity and embrace high-quality standards across Southeast Asia and the Pacific BANGKOK — The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced that it plans to work with Trans...

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OPIC Commits Additional $500 Million for Women’s Economic Empowerment in Latin America

ASUNCIÓN — David Bohigian, Acting President and CEO of the Overseas Private Investment Corporation (OPIC), today joined President of Paraguay Mario Abdo Benítez to announce that OPIC has surpassed initial targets to mobilize $500 million to women in Latin America through its 2X Americas...

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OPIC Announces Financing for Road Infrastructure in Argentina

BUENOS AIRES – The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that its Board of Directors has voted to approve $400 million in financing to rehabilitate and expand the Corredor C Toll Road, an essential trade route...

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OPIC Approves Financing and Insurance for Texas Energy Company to Develop Oil and Gas Fields in Oman

Project will create jobs and advance development in Musandam, Oman. Investment strengthens U.S. business presence in a region critical to American foreign policy WASHINGTON – The Overseas Private Investment Corporation (OPIC) has approved financing and insurance to PetroTel of...

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OPIC Provides Initial Financing to SunFunder's Solar Energy Transformation Fund to Expand Access to Beyond the Grid Solar

Project advances OPIC’s 2X Women’s Initiative OPIC financing mobilizes additional capital WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided initial financing to SunFunder’s $85...

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OPIC Backs African Cellular Communications Company with $100m Loan

JOHANNESBURG, SOUTH AFRICA – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Africell Holdings Limited today signed a commitment letter for $100 million to expand access to telecommunications in Africa. The project is expected to...

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OPIC and Liberty Mutual Insurance Launch $1 Billion Agreement to Catalyze Private Sector Investment in the Developing World

New and innovative co-investment platform is a historic first for OPIC Liberty Agreement advances OPIC’s financing capacity by de-risking projects that deliver consistent financial returns and achieve important development goals BOSTON - Today, the Overseas Private Investment...

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U.S. Secretary of Commerce Wilbur Ross Honors U.S. Companies With Presidential Award for Export Achievements

39 American Companies Receive Highest U.S. Honor for Export Success WASHINGTON – Today, U.S. Secretary of Commerce Wilbur Ross honored 39 U.S. companies and organizations, recognizing their contributions to American export growth by naming them winners of the 2020 President’s “E”...

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Commerce Announces Non-Profit Partnerships to Address Trade Barriers on American Goods

WASHINGTON – Today, Deputy Under Secretary for International Trade, Performing the non-exclusive functions and duties of the Under Secretary for International Trade Joseph Semsar announced 10 new partnerships designed to create or sustain U.S. jobs by increasing or maintaining the export of...

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Florida Small Business Wins SBA’s 2020 Exporter of the Year Award

Genesis Water Technologies assists 43 countries worldwide with water treatment challenges WASHINGTON – Genesis Water Technologies, Inc. (GWT) has been named 2020 Small Business Exporter of the Year by the U.S. Small Business Administration. The Maitland, Florida-based company will be...

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Ohio Small Business Wins SBA’s 2019 Exporter of the Year Award

EarthQuaker Devices distributes to 47 countries worldwide WASHINGTON – EarthQuaker Devices has been named 2019 Small Business Exporter of the Year by the U.S. Small Business Administration (SBA). The Akron, Ohio-based company will be officially recognized during National Small Business...

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