DIPLOMATIC ECONOMY

EXIM Chairman Meets Via Teleconferencing With US Ambassador To Italy

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…COVID-19 Response, Bilateralism On The Agenda

By Emmanuel Oluebube, Correspondent UK

President and Chairman of the Export-Import Bank of the United States (EXIM) Kimberly A. Reed met Thursday via teleconference with US Ambassador to Italy Lewis M. Eisenberg, wherein both discussed EXIM’s COVID-19 (coronavirus) relief measures, the economic reopening of both countries, and President Trump’s Memorandum on Providing COVID-19 Assistance to the Italian Republic, which directs EXIM to use available authorities to support the recovery of the Italian economy.

Chairman Reed underscored that EXIM stands ready to provide financing tools to support transactions that benefit Americas exporters and workers while also helping Italy, one of the United States’ closest and oldest allies.

During the call, the Chairman and the Ambassador also discussed how EXIM’s new Programme on China and Transformational Exports can support US investment in Italy. The programme, established in EXIM’s historic seven-year Congressional reauthorization, is intended to help level the playing field for US exporters and workers by directly neutralizing export subsidies for competing goods and services offered by the People’s Republic of China. The programme also focuses on supporting US innovation, employment, and technological standards globally in ten transformational export industries, including wireless communications (5G), biomedical sciences, emerging financial technologies, and quantum computing.

Earlier this week, Chairman Reed met with Ambassador of Italy to the United States Armando Varricchio.

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