ANNOUNCEMENT 09 Mar 2018

In 2018 Export Development Bank Canada announced financing for Canadian suppliers.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

https://www19.edc.ca/edcsecure/disclosure/DisclosureView.aspx?lang=EN

Inception date: 09 Mar 2018 | Removal date: open ended

Trade finance

On 9 March 2018, Export Development Bank Canada (EDC) announced export financing for various Canadian exporters (infrastructure & environment) relating to exports to Mexico. The stated purpose of the transaction is support for future procurement of various Canadian goods and/or services to Xignux, S.A. de C.V., Mexico.

EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$25-50 million. Taking the lowest possible amount, in this case, Can.$25 million (approx. U.S.$19.33 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 SECTORS

 
461

AFFECTED PRODUCTS

 
850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490
(+ 1 more)