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: 28 Nov 2018 | Removal date: open ended

Trade finance

On 28 November 2018, Export Development Bank Canada (EDC) announced export financing for various companies relating to exports to the United States. The stated purpose of the transaction is the sale of oil & gas field/processing equipment and/or field services to Murphy Oil Corporation, United States.

EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$100-250 million. Taking the lowest possible amount, in this case, Can.$100 million (approx. U.S.$75.77 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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