The American Bankers Association, along with other members of the Engage China Coalition, wrote to Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer today thanking them for their work to include the financial services industry in the recent Phase One trade agreement signed between the U.S. and China.
ABA and BAFT—the association’s global transaction banking subsidiary—today joined several other trade groups in a letter to members of Congress urging them to support bipartisan legislation granting a 10-year reauthorization to the U.S. Export-Import Bank.
BAFT—ABA’s global transaction banking subsidiary—and the Wolfsberg Group and the International Chamber of Commerce today released appendices to their 2017 set of trade finance principles, which address the due diligence required by global and regional financial institutions of all sizes in the financing of international trade.
In an uncertain trade policy environment, agricultural lenders and producers prepare for difficult times on the farm.
As the Trump administration considers strategies for modernizing U.S. trade policy, BAFT — ABA’s global transaction banking subsidiary — wrote to policymakers outlining several priorities to promote free and fair trade and increase economic growth and job creation.
The Engage China coalition of 12 financial trade associations, including ABA and BAFT — ABA’s global transaction banking subsidiary — today called on the Trump administration to continue working to create a level playing field and increase market access for financial services firms seeking to do business in China.