GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
Why GAO Did This Study EXIM's mission is to support the export of U.S. goods and services overseas through loans, loan guarantees, and insurance, thereby supporting U.S. jobs. In 1994, Congress passed legislation authorizing EXIM to facilitate the financing of U.S.
What GAO Found Indonesia. In 2014, China's imports from, and exports to, Indonesia exceeded the United States' (see figure). The United States and China compete more often with other countries than with each other in goods exported to Indonesia and win contracts in different sectors.
View Chinese version of Highlights (PDF, 1 page). What GAO Found China has surpassed the United States in goods trade with Association of Southeast Asian Nations (ASEAN) countries and trades a similar amount of services, but U.S. investment exceeds reported Chinese investment.
This supplemental report is a companion to Sub-Saharan Africa: Trends in U.S. and Chinese Economic Engagement (GAO-13-199). This supplement presents the results of our case studies of U.S. and Chinese economic engagement in three sub-Saharan African countries--Angola, Ghana, and Kenya.
What GAO FoundThe United States and other G-7 countries have ECAs that support domestic exports, but Ex-Im differs from other ECAs in several important ways, including its explicit mission to promote domestic employment.
What GAO FoundSince the fall of 2010, State has sanctioned 13 foreign firms under the ISA2 for investments in Irans energy sector and 11 for supplying refined petroleum products.State imposed various sanctions on each firm, listed 10 in EPLS making them ineligible to receive U.S.
Declining U.S. manufacturing has been an issue of continuing concern for policymakers; this was reflected in the Obama Administration's (Administration) 2010 announcement of the National Export Initiative.
This testimony discusses the role of the U.S. Export-Import Bank (Ex-Im) in promoting exports and achieving other U.S. policy goals. As Congress considers policies to achieve more robust growth in the U.S.