Turk Eximbank, Japanese bank ink deal
Deal aims to support Turkish and Japanese firms’ cooperation in industry and infrastructure sectors in other countries
By Tuba Sahin and Gokhan
ISTANBUL
Turk Eximbank and Japan Bank for International Cooperation (JBIC) on Friday signed a memorandum of understanding (MoU) to pave the way for investors and exporters of the two countries to collaborate in current and potential markets.
Turkish and Japanese companies, which are cooperating in the sectors of industry and infrastructure in other countries, will be supported within the scope of the MoU signed in Istanbul.
The deal also targets to encourage the firms to get into partnerships to supplement each other.
JBIC, a policy-based financial institution, contributes to the development of
Since Turk Eximbank's establishment in 1987, it conducts international credit, guarantee and credit insurance programs aimed at developing economic and political relations between Turkey and other countries.
Turk Eximbank ranks the world’s second after South Korean Eximbank among other export-import banks, in terms of the rate of financing exports.
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