Buyers in third countries purchasing both U.S. and Japanese goods and services can take advantage of one-stop-shop export finance services under a co-financing arrangement signed Oct. 24 by U.S. Export-Import Bank (Ex-Im Bank) and Japan Bank for International Cooperation (JBIC) officials, the Ex-Im Bank announced Oct. 24.
The agreement will create administrative efficiencies for foreign buyers, Ex-Im Bank said in a statement. The agreement complements an earlier 2004 pact between Ex-Im Bank and Japan’s Nippon Export and Investment Insurance (NEXI).
“This arrangement paves the way for Ex-Im Bank and JBIC to co-finance projects, enabling exporters in both the U.S. and ...
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