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      Export-Import Bank Support for U.S. Exports to Iraq 
      $250 MILLION EX-IM BANK INSURANCE APPROVED FOR IRAQ TRADE BANK DEALS

      U.S. Companies Will Receive Support to Facilitate U.S. Exports to Iraq

      WASHINGTON, D.C. – The Board of Directors of the Export-Import Bank of the 
      United States (Ex-Im Bank) approved insurance for up to $250 million in 
      Letters of Credit to be issued by, or on behalf of, the Trade Bank of Iraq 
      (TBI). This insurance will be used to support trade financing from 
      JPMorgan Chase Bank, as lead of the TBI’s “Operating Consortium”, and 
      should help many U.S. companies seeking to export goods and services to 
      Iraq.

      The Board’s action was taken under Ex-Im Bank’s new $500 million 
      short-term insurance program for the Trade Bank of Iraq. This program 
      provides for bank letter of credit and financial institution buyer credit 
      insurance policies that, in turn, allow U.S. companies to be assured of 
      payment for goods exported to Iraqi buyers [Complete Press Release] 
      [Complete Press Release]
      Fact Sheet: Export-Import Bank Support for U.S. Exports to Iraq 
      December 5, 2003
      EX-IM BANK JOINS 15 COUNTRIES TO SUPPORT TRADE BANK OF IRAQ [Français, 
      Deutsch, Italiano, Español]
      Joint News Release for the Trade Bank of Iraq and the Coalition 
      Provisional Authority 
      January 5, 2004 
      Doing Business in Iraq: Live Webcast From Ankara, Turkey 
            In order to provide U.S. exporters with timely information about 
            opportunities for exporting U.S. goods and services to Iraq, the 
            Export-Import Bank of the United States is listing websites that 
            contain a wealth of regulatory, contracting, financing, and other 
            information pertaining to business opportunities in Iraq. 


      Upated: December 30, 2003



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