Obama Unveils New Export Initiatives, Trade Zone Rules

Law360, New York (February 17, 2012, 4:14 PM EST) -- President Barack Obama said Friday that his administration would act to empower the Export-Import Bank of the U.S. to match foreign financing to U.S. exporters and is set to reveal new, simplified rules from the U.S. Department of Commerce on foreign trade zones

The new matching financing from the Export-Import Bank is intended to counter foreign anti-competitive financing from state sources, according to the White House.

“The president will not allow U.S. companies and workers to lose out on valuable business due to unfair export financing...
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