EXIM President and Chairman Kimberly A. Reed and USDA Under Secretary Ted McKinney show off the memorandum of understanding they had just signed. The U.S. Department of Agriculture and EXIM Bank on Aug. 31st announced a three-year collaborative effort to promote the export of U.S. agricultural commodities.
The initiative will facilitate engagement between EXIM and USDA to identify opportunities to increase the export of U.S. agricultural commodities, as well as the development of an educational program to increase awareness of export opportunities among small agribusinesses and cooperatives.
“Given my extensive background in food and agriculture, I have made sure that supporting U.S. agricultural and rural business exports are priorities at EXIM,” says EXIM Chairwoman Kimberly A. Reed. “We look forward to closer collaboration with USDA, and I thank USDA Secretary Perdue and Under Secretary McKinney for their leadership.”
“We all know, but oftentimes forget, that food is the sustenance of life,” said USDA Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney.
“This MOU [memorandum of understanding] is bringing EXIM and USDA together to help make sure that food is transported safely and effectively so that people eat, at a time when many people do not eat well. With USDA’s outreach through our Foreign Agricultural Service, and EXIM’s resources, this MOU is a match made in heaven.”
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.