Ex-Im Bank and FedEx Join Forces to Empower U.S. Businesses to Export
November 7, 2013
(Ex-Im Bank)
New Agreement Creates Collaboration to Help Small Businesses Reach Customers
Overseas
Washington, DC – The Export-Import Bank of The United States (Ex-Im Bank) and
FedEx have announced an innovative new alliance that will help U.S. small and
medium-sized businesses (SMEs) reach the 95% of the world's customers who live
overseas.
Ex-Im Bank and FedEx signed an agreement in Washington, D.C. outlining their
commitment to providing U.S. exporters increased access to Ex-Im Bank products
and services. As part of this agreement, FedEx international customer
representatives will make their clients aware of the Bank's abilities to protect
against the risk of nonpayment and to extend credit to buyers, eliminating the
need for expensive letters of credit or cash-in-advance payments. Customers who
are interested in this service will then be connected to Ex-Im Bank's managers
for trade finance counseling.
"The first steps for a business as it expands to international markets can be
daunting. We are helping clear the hurdles for small and medium size businesses
to access the 95% of the world's population outside of U.S. borders. With this
alliance, FedEx sales and marketing will now have additional valuable resources
they can share with our customers to help them grow their business through
exports," said Michael Ducker, Chief Operating Officer and President,
International FedEx Express. "It complements the alliance we have established
with the U.S. Commercial Service to assist our customers with locating markets
for business expansion."
"Ex-Im Bank is an example of government operating at the speed of business, and
there is nothing that moves faster than businesses like FedEx," said Ex-Im Bank
Chairman and President Fred Hochberg. "This alliance with FedEx will help
businesses increase sales, create jobs, and succeed in international markets."
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