Ex-Im Bank to finance U.S. exports to Turkey
The U.S. Export-Import Bank has entered into a memorandum of understanding with Turkey's Ministry of Energy and Natural Resources to cooperate on financing U.S. exports to the Turkish market.
Under the MOU, Ex-Im Bank and the ministry agreed to share information on trade and business opportunities to facilitate sales of U.S. goods and services offering environmental benefits to Turkey’s energy sector, including renewable energy and energy efficiency exports.
Turkey is one of nine priority countries the Ex-Im Bank targets for financing because of the major opportunities it offers U.S. exporters.
“Our goal is to finance U.S. exports to facilitate Turkey’s economic and technological growth while supporting U.S. jobs,' said Ex-Im Bank Chairman and President Fred P. Hochberg, in a statement.
'Recently we have supported U.S. exports for a Turkish scrap metal plant that produces electricity, and for a hydroelectric dam project. We want to participate in more such environmentally beneficial projects in Turkey,” Hochberg said.
Ex-Im Bank to finance U.S. exports to Turkey
