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Gina Raimondo on Free Trade

 

 


In Israel for economic development mission

The governor's spokesman said: "They met with officials at the Ministry of Foreign Affairs to discuss economic partnership opportunities with their states and met with Israeli President Reuven Rivlin." Raimondo also signed a memorandum of understanding with Ben-Gurion University, in Beersheba, for collaboration with Rhode Island's universities and innovation-campus programs. The governor's office has described the trip as an economic-development mission for Raimondo.
Source: Providence Journal on 2022 Rhode Island Governor race , Nov 21, 2019

Support long-term reauthorization of the Export-Import Bank.

Raimondo signed Letter from 26 Governors to Congressional leadership

As governors of states whose economies and workforces depend on exports, we strongly urge Congress to support legislation that provides for the long-term reauthorization of the U.S. Export-Import Bank (Ex-Im Bank) before its charter expires on June 30, 2015. The Ex-Im Bank is a crucial tool that both small and large businesses use to compete fairly in the world market, increase their exports, stimulate job creation, and contribute to the growth of our states' economies.

As the official export credit agency of the United States, the Ex-Im Bank assumes the credit and country risks that private sector lenders are unable or unwilling to accept, and without it, U.S. firms would lose many sales to overseas competitors. The Ex-Im Bank allows our companies and workers to compete on a level playing field against international competitors who receive extensive support from their own export credit agencies.

In 2014, the Ex-Im Bank supplied more than $20 billion in financing to support approximately $27 billion in exports. In that same fiscal year, the Ex-Im Bank supported more than 160,000 American jobs. And the overwhelming majority of the Ex-Im Bank's transactions--nearly 90 percent--assisted small businesses.

The Ex-Im Bank is financially self-sustaining, and operates at no cost to hard-working American taxpayers. In fact, in fiscal year 2014 alone, the Ex-Im Bank returned approximately $675 million in deficit-reducing receipts to the U.S. Treasury.

Last year, Congress reauthorized the Ex-Im Bank [for one year]. It is essential that both chambers act again, this time to pass a long-term, multi-year reauthorization.

Source: Letter from 26 Governors to Congressional leadership 18LTR-EXIM on Apr 14, 2015

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Page last updated: Jul 13, 2021