Perspective
24 March 2015
EDC and ICBK sign MoU to promote Canada as RMB hub
Region:
Americas, Asia-Pacific
The Canadian export credit agency (ECA), Export Development Canada (EDC), has signed a memorandum of understanding (MoU) with the Canadian arm of the Industrial and Commercial Bank of China (ICBK), agreeing to work together to promote the use of renminbi (RMB) as a currency of settlement in trade-related transactions.
