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Transcript: EX-IM BANK REVISES PROCEDURES TO MAKE U.S. EXPORTERS MORE COMPETITIVE, FACILITATE CO-FINANCING WITH OTHER EXPORT CREDIT AGENCIES
- Article from:
- Regulatory Intelligence Data
- Article date:
- January 12, 2001
- Author:
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The Export-Import Bank of the United States (Ex-Im Bank) has approved
major procedural changes in applying its foreign content and local
cost
policies to finance U.S. export sales. The more flexible procedures,
effective
immediately, will pave the way for co-financing projects with the
export
credit agencies (ECAs) of other countries. The changes will enhance
the
competitiveness of U.S. companies seeking to win foreign sales by
making
Ex-Im Bank programs easier to use.
"Ex-Im Bank worked very closely with all of our constituents
in
developing these procedural enhancements," said Ex-Im Bank Chairman
James
A. Harmon. "They are the first significant ...