ANNOUNCEMENT 15 Nov 2012In November 2012, the government of Japan announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Source: Japan Bank for International Cooperation, Press Release:
On 15 November 2012, the Japan Bank for International Cooperation (JBIC) signed a memorandum of understanding (MOU) with Export Credit Bank of Turkey to share information on future collaboration in financing.
The JBIC stated that 'the objective of this MOU is to explore future cooperation ... for supporting the financing of Japanese exports to Turkey and its neighboring countries and to exchange information regarding potential projects involving the export of Japanese machinery and equipment from Japan under the future financing cooperation'.
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.