ANNOUNCEMENT 27 Oct 2015

In October 2015, the U.S. Exim bank provided trade finance to EKPAC China Inc..

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_08088839XXAA01_8300

EXIM Bank of the United States. Data. Authorizations From 10/01/2006 Thru 12/31/2020.
https://data.exim.gov/dataset/Authorizations-From-10-01-2006-Thru-12-31-2020/vbhv-d8am/
deal.number = 08088839XXAA01
unique_identifier =

Export-Import Bank of the United States (EXIM), Export Finance Solutions for U.S. Businesses. Available at: https://www.exim.gov/sites/default/files/managed-documents/MKG-EOV-6_agency_brochure_04DEC2020c.pdf

Inception date: 27 Oct 2015 | Removal date: open ended

Trade finance

On 27 October 2015, the Export-Import Bank of the United States (EXIM) supported exports from EKPAC China Inc. Specifically, the bank guaranteed a USD 23.2 million loan to Export Import Bank Of China located in China. The guarantee will support the purchase of products or services classified by the bank under the category 'Other Industrial Machinery Manufacturing'.

According to EXIM, its mission is to provide trade finance 'in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters'.

EXIM is the export credit agency of the United States that provides competitive financing to businesses to facilitate the export of U.S. goods and services to foreign buyers. The bank provides direct loans, loan guarantees, export credit insurance, and guarantees of working capital loans to help businesses compete in foreign markets.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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