EX-IM FEELS THE WEIGHT OF A YEAR OF INSTABILITY: The Export-Import Bank has had a turbulent year, and its latest global competitiveness survey shows the effects of a months-long lapse in authorization it suffered last year and a continuing lack of quorum. The bank’s 2015 survey, which will be sent to Congress on Thursday, says Ex-Im support for American exporters declined by more than 50 percent last year, a drop it attributed largely to the authorization gap.
Nathaniel Olson, director of the Stimson Center’s Trade21 program, argued that the world can’t be dealt with on a bilateral basis as Trump advocated in his Tuesday speech.
“Pulling out of multi-country deals already on the books would have far-reaching and unpredictable consequences for all (who really has control of the Brexit fallout?),” Olson wrote. “And even with the ‘toughest and smartest’ negotiators, potential bilateral outcomes would still be bounded by the commitments that negotiating partners have made to others.”
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