US Ex-Im report grades competitiveness with other ECAs

(Shopfloor, Washington, 30 July 2013) Ex-Im Bank Chairman Fred Hochberg outlined the unprecedented challenges facing U.S. exporters and released the annual competitiveness report that stacks Ex-Im Bank up against other major export credit agencies (ECAs) around the world. In presenting the report he noted:

• "it’s time [to] drop the fantasy that a purely free market exists in the world of global trade... In the real world, our private-enterprises are pitted against an array of competitors that are often government-owned, government-protected, government subsidized, government-sponsored, or all of the above."