Trade Finance Partnership Targets Global Infrastructure
New joint financing options from Canada and Türkiye will help businesses manage risk when operating in emerging markets.
Updated on Oct. 26, 2026 in International Trade
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Export Development Canada and Türk Eximbank signed a memorandum of understanding to deepen trade and investment collaboration in key global markets. The partnership targets projects across Africa, the Middle East, North Africa, and Central Asia in sectors including energy, mining, and infrastructure.
Why it matters
This agreement aims to support companies seeking new international business opportunities by streamlining access to trade finance. It follows a period of significant growth, with bilateral trade between the two nations increasing nearly 50% over the last five years.
Two-way merchandise trade hit CAD$4.3 billion in 2025, composed of CAD$1.1 billion in Canadian exports and CAD$3.2 billion in Turkish imports. This follows a five-year period of growth that saw bilateral trade volume increase by nearly 50%.
The players
Export Development Canada
A Canadian crown corporation that provides insurance and financial services to help companies export goods and services.
Türk Eximbank
The official export credit agency of Türkiye that offers specialized financial support for international trade projects.
The details
The two agencies plan to explore mechanisms including co-financing, co-insurance, co-guarantees, and reinsurance to mitigate risk for companies operating abroad. They will also exchange knowledge and best practices to help businesses navigate the complexities of trade finance in emerging markets. This collaboration allows both entities to leverage their respective networks for projects in Africa, the Middle East, and Central Asia.
Timeline
2021-2026: Bilateral trade between Canada and Türkiye grew by nearly 50 percent.
2025: Two-way merchandise trade reached CAD$4.3 billion.
October 26, 2026: Export Development Canada and Türk Eximbank signed the memorandum of understanding.
Market Landscape
This agreement builds on a period of sustained growth that saw bilateral trade between Canada and Türkiye climb by nearly 50% since 2021. It aligns with broader institutional efforts to formalize credit and insurance supports for businesses operating in higher-risk or developing geographic corridors.
Operators in the energy, infrastructure, and mining sectors should monitor future project opportunities enabled by these joint financing products. Consult your financial institution to determine how these new credit and guarantee mechanisms may reduce risks for your upcoming projects in North Africa and Central Asia.
The takeaway
This partnership signals an effort to institutionalize financing support for projects in emerging markets. Operators looking to expand their footprint in these regions should track the roll-out of these new co-guarantee options to lower their capital requirements on future ventures.
Further reading
For more on evolving cross-border partnerships, visit the International Trade section.
More information
Review the full Türk Eximbank product line to understand current financial support offerings.
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