ANNOUNCEMENT 20 Dec 2017

In 2017 Export Development Bank Canada announced financing for Canadian suppliers.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 20 Dec 2017 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 20 December 2017, Export Development Bank Canada (EDC) announced export financing for Westport Fuel Systems Inc. The stated purpose of the transaction is support for Canadian direct investment abroad for a subsidiary of Westport Fuel Systems Inc. in France.

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.$19.55 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