Japan has signed a $2.2 billion loan agreement for the first batch of projects under its broader $550 billion investment pledge to the United States, marking the start of financing tied to a trade deal that reduced U.S. tariffs on Japanese imports to 15%.

Azerbaijan’s State Oil Company (SOCAR) has held talks with the Japan Bank for International Cooperation (JBIC) to strengthen cooperation on clean energy and sustainable infrastructure projects.

Rovshan Najaf, President of SOCAR, Azerbaijan’s energy giant, held a productive meeting with Hayashi Nobumitsu, Governor of the Japan Bank for International Cooperation (JBIC), as part of the World Economic Forum in Davos.