Export Development Canada (EDC) and the Japan Bank for International Cooperation (JBIC) announced today the signing of a Memorandum of Understanding (MOU), which affirms the organizations’ commitment to work together in markets and sectors that will help both nations to achieve shared goals in the Indo-Pacific and beyond.
The MOU will deepen collaboration between both countries, creating more opportunities for Japanese and Canadian businesses in the focus areas of supply chain, energy transition and infrastructure.
Through the MOU, JBIC, Japan's policy-based financial institution, will play a valuable role of connecting Canadian exporters to Japanese companies and investors and share important market knowledge to help Canadian businesses find opportunities in the Indo-Pacific. EDC, Canada's export credit agency, brings deep financing and structuring expertise as well as relationships with top-tier Canadian companies in the key focus sectors to support the advancement of global trade opportunities for both Canada and Japan.
“Japan is one of Canada's most important economic and commercial partners in Asia, and our nations share common science, technology and innovation objectives,” said Mairead Lavery, EDC President and CEO. “This valued partnership will enable each organization to bring their strengths and unique expertise to the table with the goal of deepening trade between our nations and the rest of the Indo-Pacific. We look forward to seeing the trade creation and innovation benefits that come from this MOU for Canada and Japan.”
This agreement follows EDC's opening of a new representation in Tokyo to boost its presence in Japan and the Indo-Pacific more broadly to support Canadian exporters.
