One way to accelerate this would be to create an export financing arm for technology products akin to what the U.S. now has for commodities.
This legislation became Public Law 105-118 on November 26, 1997 in the Foreign Operation, Export Financing, and Related Programs Appropriations Act for Fiscal Year 1998.
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Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1996, that bars funds to countries that provide sanctuary to any individual or group responsible for terrorism or supports such terrorism.
Penalties for sanctioned companies could include the denial of bank loans and export financing, a ban on winning government contracts, and prohibitions from acquiring, holding or trading any U.S. property.
"In today's world commercial banks, especially from Europe and the U.S., have pretty much shut up shop so our strategy has been going towards financing from export credit agencies, " referring to typically state-backed institutions set up to provide reliable export financing.
Executive Order 13534 also established the Export Promotion Cabinet to develop and coordinate the implementation of the eight priorities of the NEI, which include, but are not limited to, improving advocacy and trade promotion efforts on behalf of U.S. exporters, increasing access to export financing, and removing barriers to trade and enforcing U.S. trade laws and agreements.
Lobbying secured an offer to switch Brazil's export-financing effort towards non-Mercosur markets.
Canada now wants the latest version of Brazil's export-financing scheme ruled illegal.
Priorities have been FTAs, intellectual property rights protection, export credit financing, technology release -- which you haven't commented on, but you've made some progress on -- and business and tourist visa processes -- and you know the list.
But it was also because Germany was recycling the surpluses produced by its export machine, financing their consumption.
The foreign debts represent only 6% of total bank assets and the effect on these liabilities is mitigated by the dollar assets banks create with this funding through export-credit financing.
Those denied certification are denied most direct aid from the United States and all U.S. Export-Import Bank financing.
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The NEI will help meet my Administration's goal of doubling exports over the next 5 years by working to remove trade barriers abroad, by helping firms -- especially small businesses -- overcome the hurdles to entering new export markets, by assisting with financing, and in general by pursuing a Government-wide approach to export advocacy abroad, among other steps.
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The company has tapped billions of dollars in financing from the export credit agencies of Brazil and Canada to purchase hundreds of aircraft made in those countries.
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The sanctions bar PDVSA from access to U.S. government contracts, financing through the U.S. Export-Import Bank and export licenses.
That is because European, South Korean and Japanese yards are able to offer easy financing terms thanks, among other things, to government export-credit guarantees.
Under the most recent Aircraft Sector Understanding agreed to by U.S. and European nations, it costs borrowers significantly more to use government export credits for their aircraft purchases than it would to use commercial financing, but borrowers with good credit ratings like Southwest Airlines will always get better terms than borrowers with inferior ratings.
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