ANNOUNCEMENT 23 Jul 2020

In 2020, Export Development Bank Canada announced financing for Canadian suppliers.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Jul 2020 | Removal date: open ended

Trade finance

On 23 July 2020, Export Development Bank Canada (EDC) announced that it had provided financing to aerospace services provider Turbine Engine Specialists Holding, Inc. for the sale of aerospace maintenance and overhaul services to the 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.$50-75 million. Taking the lowest possible amount, in this case Can.$50 million (U.S.$37.9 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