Canada’s export credit agency, Export Development Canada (EDC), and Sweden’s Swedish Export Credits Guarantee Board (EKN) have formed an agreement to reinsure each other in situations where either is providing insurance or guarantee support for a transaction involving goods and services supplied from both countries. Because exporters will only have to deal with one institution, the credit approval process is expected to be easier and faster for the exporter and the buyer, as well as reduce the exporter’s costs, claim the agencies.