ANNOUNCEMENT 15 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: 15 Dec 2017 | Removal date: open ended
Still in force

Trade finance

On 15 December 2017, Export Development Bank Canada (EDC) announced export financing for Ontario Teachers Pension Plan Board relating to exports to Belgium. The stated purpose of the transaction is support for Canadian direct investment abroad to Brussels Airport Company, Belgium.

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.$78.22 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

 

AFFECTED PRODUCTS

 
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