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US exporters scramble to save deals as Ex-Im Bank halts new business
Add BT as a preferred sourcePublished Wed, Jul 1, 2015 · 09:50 PM
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Washington
US exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the US Export-Import Bank (Ex-Im), which will be forced to halt new business at midnight as its charter expires.
There are about 195 pending transactions still in its approval pipeline that will be frozen by the lapse, with requested amounts totalling US$9.14 billion, according to Ex-Im data circulated to lawmakers. The amounts include 14 loan guarantees worth US$3.33 billion, and 137 trade insurance requests worth US$163 million.
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