• Kyodo

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The Export-Import Bank of the United States and its Japanese counterpart, Nippon Export and Investment Insurance, signed a reinsurance accord Friday.

Boeing Co.’s 7E7 aircraft may be the first project covered by the pact.

Ex-Im Bank Chairman Philip Merrill and NEXI Chairman Hidehiro Konno signed the reinsurance agreement at a ceremony at Ex-Im Bank headquarters to facilitate export transactions involving both Japanese and U.S. companies.

This is the fourth bilateral reinsurance agreement for Ex-Im Bank and the eighth accord for NEXI.

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