U.S. Commerce Department Announces Launch of NEI NEXT, Ex-Im Will Support - FOX 8 WVUE New Orleans News, Weather, Sports

U.S. Commerce Department Announces Launch of NEI NEXT, Ex-Im Will Support

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SOURCE Ex-Im Bank

WASHINGTON, May 14, 2014 /PRNewswire-USNewswire/ -- Yesterday, the United States Commerce Department announced the launch of NEI/NEXT, which will build on the success of the National Export Initiative (NEI) launched by President Obama in 2010. NEI/NEXT is a new customer service-driven strategy with improved information resources that will ensure American businesses are fully able to capitalize on opportunities to sell their goods and services abroad. 

Export-Import Bank of the United States

"Last year alone, the U.S. exported a record $2.3 trillion worth of goods and services," said Export-Import Bank Chairman and President Fred P. Hochberg. "During the same time period, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs. By helping more U.S. companies reach more overseas markets, Ex-Im Bank will play a critical role in supporting NEI/NEXT and its goal of growing the U.S. economy and U.S. jobs through exports."

NEI/NEXT will be implemented through the Export Promotion Cabinet and Trade Promotion Coordinating Committee (TPCC), which consists of representatives from 20 federal departments and agencies with export-related programs. The Secretary of Commerce, Penny Pritzker, chairs the TPCC.

ABOUT EX-IM BANK:

Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working-capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.

In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses. Small business exporters can learn about how Ex-Im Bank products can help them increase foreign sales at http://go.usa.gov/ZVTd. For other information about Ex-Im, visit www.exim.gov.

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