Partnership will help advance trade, investment and global opportunities for both nations
OTTAWA, ON and ISTANBUL, Oct. 26, 2026 /CNW/ -- Export Development Canada (EDC) and Türk Eximbank have signed a Memorandum of Understanding to strengthen commercial ties between Canada and Türkiye and to create new trade and investment opportunities for businesses in both countries.
The agreement establishes a framework for collaboration between Canada's export credit agency and Türkiye's official export credit agency. Through the partnership, EDC and Türk Eximbank will explore opportunities to support Canadian and Turkish companies pursuing projects and business opportunities in international markets, particularly in Africa, the Middle East, North Africa (MENA) region, and Central Asia as well as other markets of mutual interest.
Canada and Türkiye offer strong opportunities for bilateral trade and investment. In 2025, two-way merchandise trade between Canada and Türkiye exceeded CAD$4.3 billion. Canadian merchandise exports totalled CAD$1.1 billion, while imports from Türkiye reached CAD$3.2 billion. Canada's leading exports to Türkiye include agri-food products, aircraft and transportation equipment, and industrial machinery. Imports from Türkiye to Canada are primarily consumer goods, metal and non-metallic mineral products, and forestry, building and packaging materials.
The agreement encourages collaboration in sectors where Canadian and Turkish companies have complementary strengths, including energy and energy transition, infrastructure, transportation, mining and critical minerals, and social infrastructure.
In addition to exploring project opportunities, the organizations will examine options for co-financing, co-insurance, co-guarantees and reinsurance, while also sharing knowledge and best practices related to export credit, trade finance and international business development.
Quotes
"The signing of this agreement marks an important step in strengthening the commercial relationship between Canada and Türkiye. By bringing together the expertise and networks of EDC and Türk Eximbank, we can help Canadian and Turkish companies pursue new opportunities, build international partnerships and contribute to sustainable economic growth in markets around the world."
Alison Nankivell, President and CEO of Export Development Canada
"Canada's partnership with Türkiye continues to grow, with bilateral trade up by almost 50% over the past five years. The agreement signed between Export Development Canada and Türk Eximbank will support collaboration in energy, infrastructure, transportation, and mining and critical minerals. It opens new doors for Canadian companies to compete and succeed in markets around the world."
The Honourable Maninder Sidhu, Canada's Minister of International Trade
"I am confident that through the signing of this agreement, the already strong relations between the two institutions will materialize in concrete projects in the near future. Turkish and Canadian companies have great expertise in various fields which complement each other and the signed agreement will help unlock potential joint transactions."
Ali Güney, Türk Eximbank General Manager
"Canada has always been one of our reliable allies which we have robust trade and economic relations with even greater potential. As one of our government's main export incentive instruments, Türk Eximbank has been playing an important role for Turkish economy for decades. I am very glad regarding the agreement signed with a respected institution like EDC and believe that the cooperation between two ECAs will deepen our already strong ties."
Ömer Bolat, Türkiye's Minister of Trade
About Türk Eximbank
Established in 1987, Türk Eximbank is the sole official export credit agency of Türkiye providing financial support for the export of Turkish goods and services. As a one-stop-shop, it serves its customers through a variety of direct lending, guarantee and insurance products. You can reach Türk Eximbank product line via https://eximbank.gov.tr/en or send an email to [email protected]
About EDC
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.
SOURCE Export Development Canada
Media Contact: Media | Export Development Canada, 1-888-222-4065, [email protected]
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