IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 19 Dec 2018 | Removal date: open ended

Financial assistance in foreign market

On 19 December 2018, Export Development Bank Canada (EDC) announced export financing for Canada Pension Plan Investment Board. The stated purpose of the transaction is support for Canadian direct investment abroad to WSO Finance Pty Limited, Australia.

EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$250-500 million. Taking the lowest possible amount, in this case, Can.$250 million (approx. U.S.$186.58 million), is our conservative estimate of the financing received.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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