Export Development Canada (EDC) has announced the signing of two new Memoranda of Understanding (MOU) that will allow for a more co-ordinated approach to future joint transactions that will benefit Canadian exporters. One of the MOUs is with Export Credit Guarantee Corporation of India (ECGC), and the other with the Hungarian Export-Import Bank. The new agreements will improve the efficiency of joint multinational financial transactions, form stronger ties between the partners, and give EDC a better picture of potential opportunities in a broad range of markets. The ECGC Limited is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.