G7 Export Credit Agencies meet in London to tackle shared trade finance challenges - Trade Treasury Payments

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G7 Export Credit Agencies meet in London to tackle shared trade finance challenges

Leaders from the export credit agencies (ECAs) of the G7 countries convened in London this week for a two-day summit hosted by UK Export Finance (UKEF). This year’s meeting, held under the theme “Global Challenges, Shared Solutions”, focuses on strengthening international coordination in response to shifting trade dynamics and systemic risks.

Leaders of G7 export credit agencies (from left to right): Paola Valerio (SACE, Italy), Atsuo Kuroda (NEXI, Japan), Bastian Kern (Export Credit Guarantees Germany), Tim Reid (UK Export Finance), James C. Cruse (US EXIM), Alison Nankivell (EDC, Canada), Armel Castets (Export Finance and Trade Promotion Division, France)

Senior representatives from Canada, France, Germany, Italy, Japan, the United States, and the United Kingdom are attending the summit. The annual gathering offers a platform for policy alignment across the G7’s official export credit institutions.

Key issues on the agenda include improving supply chain resilience, safeguarding access to critical minerals, and adapting to emerging pressures in global export finance, particularly the rise of domestic industrial strategies and the growing influence of artificial intelligence.

Tim Reid, CEO of UKEF, said, “In today’s world, collaboration between export credit agencies is more vital than ever to unlock critical financing for the largest and most pioneering opportunities aligned to our shared social and economic targets. This annual summit, hosted this year by UKEF, offers a unique opportunity for our G7 ECAs to share insights, align strategies and develop joint approaches to deliver impact for our domestic exporters and in countries around the world. By working together, we can better support businesses navigating international trade challenges while driving sustainable economic growth across our nations.”

ECAs typically provide government-backed loans, guarantees, and insurance to help domestic firms compete internationally, especially in sectors where private finance alone may be insufficient. 

While no formal announcements have yet been made, the event is expected to conclude with a joint communiqué outlining shared priorities and future avenues for collaboration. The UK, as host nation, is also expected to share progress on its recent export strategy and green finance agenda.

This annual summit comes at a time when multilateral cooperation in trade finance is both increasingly difficult and increasingly necessary. For the G7, alignment at the agency level remains one of the more durable levers for advancing a cohesive international economic strategy.