Export-Import Bank

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Export-Import Bank

The Internet, and search engines, are helping to reduce barriers, particularly in e-commerce. The Export-Import Bank of the United States -the Ex-Im Bank - says it...

Federal News Radio Custom Media@WTOPWFEDcustom

April 7, 2010 12:54 pm

< a min read

The Internet, and search engines, are helping to reduce barriers, particularly in e-commerce.

The Export-Import Bank of the United States -the Ex-Im Bank – says it will start a partnership with Google to help American small and mid-sized businesses harness the power of the Internet to initiate or expand sales outside of the country. Bank officials say Google’s tools can empower businesses to reach new customers all over the world, and that even small businesses can create a global presence.

The Chairman and President of the Ex-Im Bank Fred Hochberg specifically points to use of the search engine in helping achieve President Obama’s goal of doubling U.S. exports within the next five years, while at the same time putting more Americans to work producing them.

Head of Acquisitions at US-Google Stuart Small says, there are now more than 1.2 billion people online worldwide, and many of them are ready and able to buy and research online.