ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

AEM Continues Push for Ex-Im Bank reauthorization.

Print | 
Email |  Comment   Share  
June 30, 2014 - AEM joined National Association of Manufacturers (NAM) and U.S. Chamber of Commerce in signing letter to Members of Congress urging reauthorization of U.S. Export-Import Bank (Ex-Im) before its charter expires on September 30. Citing declining equipment exports, AEM president Dennis Slater said Ex-Im Bank reauthorization is "key to improving export shipments along with congressional passage of Trade Promotion Authority" as well as completion of specific trade agreements.

AEM Continues Push for Ex-Im Bank Reauthorization


Association of Equipment Manufacturers
6737 West Washington St., Ste. 2400
Milwaukee, WI, 53214
USA



Press release date: June 24, 2014

Latest action supports NAM & U.S. Chamber of Commerce campaign

The Association of Equipment Manufacturers (AEM) continued its push to ensure availability of competitive export financing for American companies: AEM joined in signing a National Association of Manufacturers (NAM) and U.S. Chamber of Commerce letter to Members of Congress urging reauthorization of the U.S. Export-Import Bank (Ex-Im) before its charter expires on September 30.

AEM actively engages in an Ex-Im business coalition led by NAM and the U.S. Chamber. Last year, Ex-Im supported $37 billion in exports that in turn sustained more than 200,000 American jobs at 3,400 companies, the letter said.

“Exports are essential to the success and job creation of equipment manufacturers and the economic well-being of our country. Supporting export opportunities is a top priority for AEM.” said Dennis Slater, AEM president. “Recent data show a decline in equipment exports. Ex-Im Bank reauthorization is key to improving export shipments along with congressional passage of Trade Promotion Authority and successful completion of the Trans-Pacific Partnership and Trans-Atlantic Trade and Investment Partnership trade agreements.”

The Bank’s support is especially important to small and medium-sized businesses, which account for nearly 90 percent of the Bank’s transactions. Tens of thousands of smaller companies that supply goods and services to large exporters also benefit from Ex-Im’s activities.

“If Ex-Im is not reauthorized before September 30, American companies would be put at a unique disadvantage in global markets, resulting immediately in lost sales and lost jobs,” the letter stated.

Media Inquiries: Pat Monroe (pmonroe@aem.org, tel: 414-298-4123)
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 See more product news in:
Services
 More New Product News from this company:
AEM Represents Member Companies at green jobs summit.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
CONEXPO Latin America Holds Successful Exhibitor-information Meeting in Santiago
New CONEXPO-CON/AGG Staff Show Director Named
First-ever Exhibitions Day a Success; AEM Co-chaired Capitol Hill Initiative
AEM Launches Exclusive Online REACH Training; Can Help Towards Compliance for the Entire Manufacturing Supply Chain
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Trade Associations


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address