Export Development Canada (EDC) is announcing the signing of two new Memoranda of Understanding (MOU) that will allow for a more coordinated approach to future joint transactions that will benefit Canadian exporters. The main objectives of the MOUs are to enhance cooperation between EDC and the Export Credit Guarantee Corporation of India (ECGC), as well as the Hungarian Export-Import Bank (HEXIM).
As one of the world’s most progressive export credit agencies (ECA), EDC often receives requests to work in partnership with other ECAs on large multinational financial transactions. The new agreements will improve the efficiency of these joint transactions, form stronger ties between the ECAs, and give EDC a better picture of potential opportunities in a broad range of markets.
Read the full story here: EDC forges alliances with ECAs in India and Hungary to increase opportunities for Canadian companies