Export-Import Bank of the United States Hosts Export Finance Australia, Highlighting Strong Partnership
Washington, D.C. – Yesterday, members of the senior leadership team of the Export-Import Bank of the United States (EXIM) hosted a delegation from Export Finance Australia (EFA) to explore ways to strengthen the U.S.-Australia relationship. Included in the delegation from EFA were Chair Debra Hazelton, CEO John Hopkins, Minister Counsellor Benedict David and Senior Advisor for International Development from the Embassy of Australia, Rock Cheung.
The two export credit agencies have a strong partnership, with EXIM introducing a Single Point of Entry (SPE) initiative for critical minerals in collaboration with EFA last year. Through the SPE, businesses in the U.S. and Australia can approach either EXIM or EFA and receive streamlined access to financing support from both agencies. EXIM and EFA will leverage the SPE initiative framework to support mutual beneficial priorities.
During the meeting, the parties discussed how to shift supply chains away from the People's Republic of China, with the EXIM team focusing on supporting American jobs, a key Bank and Trump Administration priority.
The EFA delegation highlighted that Australia is prepared to work with the U.S. on strategic priorities including critical minerals and telecommunications.
ABOUT EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.
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