Brendan Bechtel, chairman and CEO of Bechtel, joined American business leaders in championing a fully functioning Export-Import Bank of the United States (EXIM) to support maintenance and creation of U.S. jobs. After speaking at the 2018 EXIM Conference in April, Brendan Bechtel penned an op-ed for The Hill, an online news source for policy and political views.
U.S. companies face a brutally competitive world abroad. Though international buyers recognize the value and quality of U.S. products, they first evaluate our competitiveness on capital, financing, and procurement costs. Our international competitors rely heavily on the support of their governments, especially through export credit agencies (ECA). At the same time, the U.S. is the only G20 member state without a fully functioning ECA today. If we want to deliver on the U.S. commitment to responsible, sustainable development around the world while championing U.S. jobs, we need the reach of our EXIM Bank.
You can read the full opinion article, "Without EXIM Bank, US companies fight with a hand tied behind their backs."