ANNOUNCEMENT 27 Jun 2017

In 2017 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: 27 Jun 2017 | Removal date: open ended

Trade finance

On 27 June 2017, Export Development Bank Canada (EDC) announced export financing for various Canadian exporters (extractive-oil & gas) relating to exports to the United States. The stated purpose of the transaction is support for future procurement of various Canadian goods and/or services to National Oilwell Varco, Inc., 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.$75.2 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

 
862

AFFECTED PRODUCTS

 
N/A