CHAIRMAN REED UNDERSCORES EXIM'S SUPPORT FOR AMERICAN INNOVATION GLOBALLY TO COUNCIL ON COMPETITIVENESS - Global Trade Magazine
  June 26th, 2020 | Written by

CHAIRMAN REED UNDERSCORES EXIM’S SUPPORT FOR AMERICAN INNOVATION GLOBALLY TO COUNCIL ON COMPETITIVENESS

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Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed participated in a Council on Competitiveness virtual dialogue with more than 40 members of the Council’s “Technology Leadership and Strategy Initiative” on June 8. Attendees represented a range of businesses, universities, and research institutions from across the country.

During the event, Reed highlighted EXIM’s role in advancing American innovation by helping U.S. businesses export their “Made in the USA” products around the world. She also discussed EXIM’s new Program on China and Transformational Exports, established in EXIM’s historic reauthorization, which is intended to help level the playing field for U.S. exporters and workers by directly neutralizing export subsidies for competing goods and services offered by the People’s Republic of China.

“The Council on Competitiveness has worked for many years to jump-start American productivity, and I was honored to join this esteemed group to focus on how the U.S. government can support innovation on the global stage,” Reed said.

Speaking of innovation, four days later Reed hosted a teleconference with 140 business leaders and stakeholders in the artificial intelligence, quantum computing, and high-performance computing sectors. On the call, Reed highlighted how EXIM’s partnership with the private sector can support and accelerate the success of American companies in of these transformative industries.

“These transformational exports drive growth in the United States economy, enhance our economic and national security, and improve our quality of life,” said Reed.