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Publications Center | Newletters

Exporter News, Spring 2007 header


NEW: Ex-Im Bank’s Medium-Term Delegated Authority Program
Approved lenders will have the Bank's delegated authority to underwrite and authorize Ex-Im Bank-guaranteed medium-term transactions without prior Ex-Im Bank review and approval. It will increase Ex-Im Bank support for exports of U.S. capital goods by enabling approved lenders to underwrite and approve Ex-Im Bank guarantees for commercial medium-term export credits. The program is designed to reduce transaction turnaround time and provide additional support for U.S. small-business exports. Learn more at Ex-Im Bank -- MTDA.

Business Opportunities in Africa
The U.S.-Africa Infrastructure Conference "Connecting the Continent" will be held October 6-8. This event is organized by The Corporate Council on Africa at the Grand Hyatt in Washington, DC, with the emphasis on Information Communication Technology, Transportation, Energy and Security opportunities. Ex-Im Bank Chairman Jim Lambright will be participating in the Wednesday morning plenary session focused on financing issues. More information at www.africacncl.org.

Business Opportunities in Egypt
With a real GDP growth of 7.1% in 2006-07, 7.5% the first nine months of 2008, and a population of 80.3 million -- Egypt offers great potential for U.S. companies. And that is precisely why, in cooperation with the U.S. Department of Commerce's Commercial Service and the American Chamber of Commerce in Egypt, Ex-Im Bank has organized the "Egypt-U.S. Finance Conference" on Wednesday, November 12, at the Semiramis Intercontinental Hotel in Cairo.

Ex-Im Bank's professional staff will outline the Bank's financial products, trade finance as well as project and structured finance. The Overseas Private Investment Corporation (OPIC) and the U.S. Trade and Development Agency (USTDA) will also explain how they can help businesses succeed in Eqypt. With the addition of Egyptian public and private sector participants as well as that of international lending commercial banks, one can be assured of a most substantive program.

The range of Egyptian private sector companies represented include transportation, power, construction (including cement facilities), downstream hydrocarbon projects and financial services, among others. For more information on the conference including the agenda and registration information, please e-mail Ex-Im Bank at eximafrica@exim.gov.

Additionally, a custom-tailored program designed for U.S. executives planning to visit Egypt, the Commercial Service's Gold Key Service has proven to be a highly effective means of promoting sales of U.S. products and services in the Egyptian marketplace. The Gold Key Service offers introductions to potential partners, translators for meetings and site visits, in addition to the assistance of our Commercial Specialists in developing strong market entry strategies. It is, in effect, a trade mission of one. Depending on the preferences of the client and the length of their visit, the Gold Key Service can last between 1-3 business days. For further information please visit the U.S. Commercial Service Cairo web site at: www.buyusa.gov/egypt/en/gks.html.

New India Infrastructure Facility
The India Infrastructure Facility is a $2.2 billion special delegated line of credit that will allow eight Indian financial institutions to provide dollar-denominated loans for infrastructure projects throughout India. Such sectors of infrastructure include power and renewable energy generation, oil and gas development, small aircraft, airport development and health care. Transactions brought to Ex-Im Bank under the new facility will receive expedited handling -- approximately 10 days for medium-term transactions and approximately six weeks for long-term financing applications. More information: www.exim.gov/india.

Environmental Goods and Services Forum on October 14
“Competing in the Global Cleantech Market: Financing for Growth” in Santa Clara, CA. Silicon Valley Bank, in partnership with the Ex-Im Bank the Department of Commerce (DOC), covering the range of programs available to U.S. Cleantech companies seeking to build competitive advantage in the global market. Registration at www.svb.com/cleantech2008.

International Trade Conference: Central & South America, Wednesday, October 29
Want to reach the doors of 430 million consumers? Join us for the 3rd Annual International Trade Conference - Selling to Central & South America. Experts from the U.S. Department of Commerce, USTR, Procter & Gamble, Export-Import Bank, Xavier University, & local companies will provide you with the tools you need to capitalize on opportunities next door.
Where: The Cintas Center, Cincinnati, OH
When: 7:30 a.m. - 5:00 p.m.
Cost: $75 - Price includes: parking, breakfast, lunch & program binder
To learn more call 513.684.2944 or visit: www.buyusa.gov/greatlakes/conference.html.
Alternative web address: www.xavier.edu/williams.

Ex-Im Bank Seminars in Washington, DC
November 17-18, 20008, and January 12-12, 2009. Visit www.exim.gov/seminars.

Ex-Im Bank recently established a satellite office in McKinney, Texas
To better serve the greater Dallas-Fort Worth metropolitan area, Kelly Kemp, a senior business development officer, is managing the office: www.exim.gov/contact/con_north_texas.cfm.

Understanding and Complying with the New Foreign Trade Regulation (FTR) Requirements: New Requirements, Tougher Penalties.
Starting October 1, 2008, the Census Bureau will re­quire mandatory filing of export information through the Automated Export System (AES) or through the AESDirect for all shipments where a paper Ship­per’s Export Declaration was required. Penalties may be imposed per violation of the FTR from $1,100 to $10,000—both civil and criminal—for the delayed fil­ing, failure to file, false filing of export information, and/or using the AES to further any illegal activity. Also, all AES filers will face new filing deadlines by mode of transportation for reporting export information. For more information, visit www.census.gov/foreign-trade/aes.

Avoid Costly Penalties and Seizures.
It is imperative that you understand these new require­ments and how to avoid possible penalties and seizure of your commodities. To this end, the U.S. Census Bureau’s Foreign Trade Division and the U.S. Commer­cial Service are offering a series of webinars designed to educate U.S. exporters on these new regulations. Webi­nar topics will be divided into five modules:
  1. Data Elements covers the mandatory, conditional and optional fields in AES.
  2. Filing Requirements covers who, what, when, and how to file export transactions.
  3. Parties to an Export Transaction & Their Responsibilities covers each party’s responsibility as it relates to a stan­dard export and routed export transactions.
  4. AES Overview provides highlights of the AES.
  5. Informed & Enforced Compliance covers topics such as penalties, mitigation, voluntary self-disclosure and corrections. Register at www.export.gov/logistics/aes/doc_eg_aes.asp

Need a Trade Finance Consultant at No Cost?
Ex-Im Bank has trade-finance specialists in your region to assist with your particular export-finance challenges. Simply complete the ExporterResponse Form
.

General Ex-Im Bank Contact Information
Web site: www.exim.gov E-mail: smallbizusa@exim.gov

Please e-mail us with any comments/suggestions at ExporterNews@exim.gov.

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Export-Import Bank of the United States, 811 Vermont Ave., NW, Room 1273, Washington, DC 20571

 

Last Updated: September 24, 2008

 
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