ANNOUNCEMENT 10 Jan 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: 10 Jan 2018 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 10 January 2018, Export Development Bank Canada (EDC) announced an equity investment into the China firm various Canadian exporters relating to exports to China. The stated purpose of the transaction is the investment in venture capital fund to Carlyle Asia Partners V, L.P., China.

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.$20.12 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

 
N/A

AFFECTED PRODUCTS

 
N/A