Canada and Türkiye Sign Trade Cooperation Agreement
Export Development Canada and Türk Eximbank unite to support cross-border projects in key global markets.
Updated on Oct. 26, 2026 in International Trade
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Export Development Canada and Türk Eximbank have signed a memorandum of understanding to bolster trade and investment opportunities. The agreement aims to facilitate joint project financing across Africa, the Middle East, North Africa, and Central Asia.
Why it matters
The partnership seeks to assist companies from both nations in pursuing international business ventures, particularly in the infrastructure, energy, and mining sectors.
Two-way merchandise trade reached CAD$4.3 billion in 2025, composed of CAD$1.1 billion in Canadian exports and CAD$3.2 billion in imports from Türkiye. This follows a five-year period that saw bilateral trade grow by nearly 50%.
The players
Export Development Canada
This is Canada's export credit agency based in Ottawa that provides financial solutions to help Canadian companies succeed abroad.
Türk Eximbank
Headquartered in Istanbul, this is the official export credit agency of Türkiye responsible for supporting the nation's international trade goals.
The details
The organizations will collaborate on co-financing, co-guarantees, and reinsurance to support development in critical sectors such as energy, transportation, and mining. This framework allows both entities to share best practices and trade finance expertise for mutual growth.
Timeline
2021-2026: Bilateral trade between the two nations increased by nearly 50 percent.
2025: Total two-way merchandise trade exceeded CAD$4.3 billion.
October 26, 2026: EDC and Türk Eximbank officially signed the memorandum of understanding.
Market Dynamics
This agreement builds upon the 2025 Canada-Türkiye merchandise trade volume to further deepen industrial integration. By synchronizing credit facilities, the move mirrors a global trend where national export agencies increasingly formalize alliances to mitigate risk in emerging markets.
For businesses operating in the energy, mining, or infrastructure sectors, this partnership could provide new avenues for project financing and risk mitigation. Companies should monitor the joint offerings for potential inclusion in future export credit portfolios.
The takeaway
This agreement highlights the growing strategic importance of state-backed financial collaboration in facilitating international expansion. Businesses looking to enter new markets should investigate how these expanded credit capabilities might improve their capital access for large-scale projects.
Further reading
Learn more about global commerce trends in the International Trade section.
More information
Explore the full Türk Eximbank product line for details on current export support options.
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Do you believe government-backed international trade partnerships provide significant benefits to domestic businesses?
