What changed: Türk Eximbank and Canada’s export support institution EDC signed a memorandum to strengthen cooperation on export credits. It aims to support Turkish and Canadian companies developing joint projects in third-country markets, particularly Africa, the Middle East and North Africa, and Central Asia.
Who is affected
The development concerns Turkish and Canadian companies developing joint projects in third-country markets. The source does not specify the scope by business size or sector.
What it means for your business
For Turkish businesses considering joint projects with Canadian companies in third-country markets, this means a cooperation memorandum aimed at supporting such projects has been signed. The source provides no application route or support conditions.
What to watch
There is no action you need to take now. When support conditions for joint projects are announced, assess whether your project meets them.
Timing
The memorandum has been announced as signed; the source gives no effective date.
