Ex-Im Bank Vows To Match China's Export Financing

Law360, New York (June 15, 2011, 10:17 PM EDT) -- The Export-Import Bank of the United States will strive to match export financing deals from emerging economies in order to remain competitive in trade and stymie unfair competition in world markets, the bank's leader said Wednesday in Washington.

Ex-Im Bank Chairman and President Fred Hochberg said the U.S. will start more aggressively matching financing deals offered by countries like China, India and Brazil in order to keep U.S. competitiveness afloat and to convince these countries to conform to Organization for Economic Cooperation and Development rules....
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