Joint Statement on Enhanced Quad Export Credit Agency (ECA) Cooperation
1.

We, Export Finance Australia (“EFA”), ECGC Limited (“ECGC”) of India, Nippon Export andInvestment Insurance (“NEXI”) of Japan, and Export-Import Bank of the United States(“USEXIM”) (the above collectively, “Quad ECAs”), recognise our respective government’s
steadfast commitment to a free and open Indo-Pacific that is inclusive and resilient, as stated in
the Quad Joint Leaders’ Statement dated 20 May 2023 (the “Leaders’ Statement”).

2.

The Leaders Statement endorses cooperation between Quad ECAs stating “Quad partners’ export
credit agencies make an important contribution to the prosperity of the Indo-Pacific. We welcome
ongoing efforts to enhance cooperation among Quad partners’ export credit agencies, including
through a Memorandum of Cooperation between ECGC Limited of India, Export Finance
Australia (EFA), Nippon Export and Investment Insurance (NEXI) of Japan, and Export-Import
Bank of the United States (USEXIM).”

3.

In line with our countries' shared values and the Leaders’ Statement, we Quad ECAs make thisStatement following the finalisation of a Memorandum of Cooperation between our four agencies
and commit to enhancing the level of cooperation, engagement, and alignment with each other.

Supply Chain Resilience, Critical Technologies and Emerging Technologies

4.

As ECAs, we have provided export credit insurance, financial guarantees, and/or public financing
to support and facilitate international trade flows for over 50 years. The COVID-19 pandemic
and subsequent recovery have demonstrated the need for enhanced supply chain credit andinvestment support, and we recognise the important role we can play in this area.

5.

We commit to engage on opportunities to enhance supply chain resilience, through activities suchas regional trade and investment support and market diversification efforts. We also commit toregularly exchange experiences and information on ways to develop and expand supply chain
resilience through our financing activities, including opportunities for Quad partner businesses
to work with each other.

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6.

We recognise the importance of supporting the development of, and investment in, critical andemerging technologies. We commit to supporting these areas by providing finance, credit
insurance and guarantees to support business trade and investment, exchanging experiences andapproaches to deliver finance, credit insurance and guarantees and assist businesses to scale andmature approaches to encourage private finance and investment in these areas.

Climate, Energy and Infrastructure

7.

To increase connectivity in the Indo-Pacific (including the Pacific) and to facilitate productivity
increases and prosperity in the region, we recognise it is critical to support the development ofquality infrastructure in the region. We also recognise the urgent need to address climate changeand share a common commitment to supporting the successful implementation of the ParisAgreement.

8.

We commit to continue to expand our engagement and support for governments in the region tofinance, guarantee and/or insure quality infrastructure, including renewable energy, working
alongside other relevant Quad partner government agencies and the private sector.

9.

We further recognize that the energy transition should allow for a range of practical pathways
tailored to meet the circumstances of each country in the Indo-Pacific. We commit to support thedevelopment of enabling resources and technologies that can support the energy transition of theIndo-Pacific. This includes supporting growth in low- to zero-carbon emerging technologies andassociated infrastructure development and critical minerals supply.

10. We commit to enhance the availability of finance, credit guarantee and insurance for Quad partner
businesses to trade and invest in the Indo-Pacific, including through supporting exports,
infrastructure projects and activities that encourage partnerships between Quad partner
businesses.
11. Wherever possible and within the mandates of each Quad ECA, we commit to seek out
opportunities to enhance our engagement on quality infrastructure beyond the Indo-Pacific,including in Africa.
12. We commit to share experiences and expertise on infrastructure financings, including thedevelopment of green financing solutions and products. We also commit to exchange information
on mechanisms and activities to lower our own business emissions and otherwise address climatechange.
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13. In making these commitments, we recognise the challenges some countries may face regarding
debt sustainability. We will continue to support debt transparency commitments by our respective
governments and will ensure our own export financing, credit guarantees and insurance activities
are undertaken in a responsible and sustainable manner.
Organisational Exchanges
14. As Quad ECAs we have regular and ongoing exchanges between our organisations and staff. We
have benefitted from these exchanges and have undertaken a range of joint export credit
guarantees, financings and insurance. To further enhance our cooperation, we recognise the value
in expanding Quad ECA exchanges. We, Quad ECAs will continuously strengthen ourcollaboration including technical-level exchanges, we commit to work to deliver tangible results
to the Indo-Pacific.
15. In order to facilitate information exchanges and develop joint approaches, we commit to anannual meeting of Quad ECA Heads and for key officials from each of our agencies to meet
periodically to identify and coordinate on projects of mutual interest and consider further steps
to deepen our cooperation.
16. We also commit to deepening on our ongoing bilateral coordination, where possible andappropriate, in multilateral forums such as the Berne Union.

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