The FINANCIAL - Ex-Im Bank Chairman Says American Businesses Can Successfully Compete Against Foreign Companies

Ex-Im Bank Chairman Says American Businesses Can Successfully Compete Against Foreign Companies

26/06/2012 00:58 (333 Day 18:12 minutes ago)

The FINANCIAL -- The chairman of the Export-Import Bank of the United States (Ex-Im Bank), Fred P. Hochberg, said today that American companies' ability to win foreign sales is being challenged by a dramatic rise in official export credit financing. He made the remarks at the Center for American Progress.

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Hochberg also outlined how the United States can become the world's leading exporter again and how American businesses can compete globally amidst the rise of state-driven capital.

Following his speech, Hochberg released Ex-Im Bank's 2011 Competitiveness Report. According to Export-Import Bank, the Bank has produced these reports for Congress annually since 1972, and this year's report examines the challenging trends in export finance driven by both OECD and non-OECD economies.

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