ANNOUNCEMENT 15 Feb 2019

In 2019, Export Development Bank Canada announced financing for Canadian suppliers.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 15 Feb 2019 | Removal date: open ended

Financial assistance in foreign market

On 15 February 2019, Export Development Bank Canada (EDC) announced that it had provided support for Canadian direct investment abroad to Schlumberger Holdings Corporation for the sale of oil and gas field/processing equipment and/or field services in 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.$100-250 million. Taking the lowest possible amount, in this case Can.$100 million (U.S.$75.8 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

 
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AFFECTED PRODUCTS

 
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