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Significance
Three out of five Ex-Im Bank board seats are vacant, denying the federal corporation the quorum needed to approve export credit guarantees for deals valued over 10 million dollars or lasting more than a year in duration, a significant setback for large US exporters, including Boeing, Bechtel, Caterpillar and General Electric.
Impacts
Obstacles to quality mass production for Canadian, Chinese and Russian aerospace firms limit their competitive edge.
Opposition to the Ex-Im Bank from within the Democratic Party may grow as a result of Senator Bernie Sanders' presidential campaign.
Troubled Canadian firm Bombardier is likely to benefit from the US vacancy, should it receive a bailout from the Canadian government.
Keywords:
United States,
NA,
Cameroon,
Canada,
China,
Russia,
United Kingdom,
economy,
industry,
politics,
aerospace,
airlines,
constitution,
corporate,
election,
employment,
foreign trade,
gas,
government,
infrastructure,
insurance,
manufacturing,
oil,
opposition,
party,
private sector,
public sector,
road,
services,
space,
transport
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2016
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