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US Ex-Im Bank and its Japanese counterpart, Nippon Export and Investment Insurance (Nexi), have signed a co-financing agreement that will facilitate export transactions involving companies in both the US and Japan. 
The agreement will enable Ex-Im and Nexi to provide “one-stop “trade-finance services to buyers in third countries purchasing both US and Japanese goods and services. The two nations’ export credit agencies (ECAs) will share risk under one financing package, creating administrative efficiencies for foreign buyers.

This is the fourth co-financing agreement that Ex-Im has concluded. The bank’s first three agreements were with the Export Credits Guarantee Department (ECGD) of the UK, Export Development Corporation (EDC) of Canada, and Servizi Assicurativi del Commercio Estero (Sace) of Italy. 

Nexi has concluded co-financing agreements with seven other ECAs, namely Sace, OND of Belgium, Atradius of the Netherlands, Hermes of Germany, OeKB of Austria, Coface of France, and Export Credit Insurance Corporation of Singapore (ECICS).

Nexi is a Japanese independent administrative institution established in April 2001 to succeed the Ministry of International Trade and Industry of the Japanese government in providing trade and investment insurance services. Since its establishment Nexi has been committed to customer satisfaction, operational efficiency and administrative transparency. In fiscal year 2003 its underwritings reached Y11.1tn.