The U.S.administration has taken notice. On Monday,the Treasury Department announced it will grant licenses to Internet companies to export Facebook,Twitter and other personal online services to Sudan,Cuba,and Iran.
VOA: standard.2010.03.09
The government's export credit agency, theExport Credits Guarantee Department (ECGD), will launch an Export Working Capital Scheme, a Bond Support Scheme, and will support banks offering foreign exchange hedging contracts to SMEs by sharing credit risk.
Mr. Obama's proposal at the time was for Congress to grant him "consolidation authority" to combine executive branch functions, specifically singling out the five housing agencies and the six shops that deal with business like the Commerce Department and the Export-Import Bank.
TheExport Credits Guarantee Department (ECGD), however, sees its role less as an active promoter of British exports than as a last-ditch line of defence when the market has no answer (it is also charged with making a profit).