皇冠体育app

WASHINGTON: The export-import banks of the United States and 皇冠体育app signed agreements on Monday to expedite financing for transactions that will help support US export jobs and promote 皇冠体育app's sustainable development.

The agreements, announced under the auspices of the US-皇冠体育app Strategic Economic Dialogue, establish a strong foundation for working together to support America's exporters and 皇冠体育app's development, said US Export-Import Bank Chairman and President James H. Lambright. "The cooperation between our two banks embodies the essence of the Strategic Economic Dialogue," he said.

Specifically, the two institutions signed a MOU on a long-term credit agreement that will provide financing for most US export transactions to 皇冠体育app worth more than $20 million. The first transaction is already under way.

The US Export-Import Bank also expressed willingness to consider financing the sale of heavy-duty railway maintenance equipment, worth $164 million, by Harsco Corporation to the Ministry of Railways.

"We are grateful that the Export-Import Bank is willing to consider financing, which would play a pivotal role in enabling us to further expand Harsco's share of the 皇冠体育app market," said Harsco Chairman and CEO Derek C. Hathaway.

Xinhua

(皇冠体育app Daily 05/23/2007 page1)