G12 EXPORT CREDIT AGENCY ISSUES FIRST-EVER JOINT STATEMENT - Global Trade Magazine
  September 25th, 2020 | Written by

G12 EXPORT CREDIT AGENCY ISSUES FIRST-EVER JOINT STATEMENT

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  • “I am pleased that my foreign counterparts could join me virtually for a robust two-day discussion."
  • "The ECA leaders reiterated their steadfast commitment to supporting their global supply chains."

At the Sept. 9 end of the two-day 2020 G12 Heads of Export Credit Agencies (ECAs) meeting, which EXIM Bank hosted virtually from its Washington, D.C. headquarters, the 12 Heads of ECAs issued this first-ever G12 joint statement:

The 2020 G12 Heads of Export Credit Agencies (ECA) Meeting was a productive and open exchange that highlighted efforts aimed at stabilizing the availability of working capital and export credit in a volatile international market environment. The transparent discussion brought forth the important work each ECA is undertaking to mitigate the economic impacts of the COVID-19 pandemic. The ECA leaders reiterated their steadfast commitment to supporting their global supply chains—domestically and internationally—as well as promoting exports, job security, and financial investment, all of which underpin prosperity at home and abroad.

During the meeting, EXIM Chairman Kimberly A. Reed met with her counterparts from Brazil, Canada, China, France, Germany, India, Italy, Japan, Russia, the Republic of Korea and the United Kingdom.

“In the wake of the COVID-19 pandemic, this is an important time for Export Credit Agency leaders from around the world to find common ground on key initiatives, especially those that foster greater transparency,” Reed says in a post-meeting statement.

“I am pleased that my foreign counterparts could join me virtually for a robust two-day discussion and look forward to continuing our important work of ensuring a level playing field for exporters around the world.”