Export Development Canada

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Export Development Canada (EDC) is Canada's export credit agency and a Crown corporation that provides financing and risk management services to Canadian exporters and investors in up to 200 markets worldwide. EDC and the Canadian Commercial Corporation are the two Crown corporations responsible for facilitating international trade.

In 2007, EDC‘s services and deal structuring capabilities helped to facilitate $77 billion in transactions for Canadian companies.[1] Approximately 90 per cent of EDC’s customers are small and medium-sized businesses. Canadian companies utilize EDC services in virtually every world market, however those services can be particularly effective in facilitating trade and investment in emerging markets that are opportunity rich but can also pose increased levels of risk.[2] EDC is financially self-sufficient and operates on commercial principles.

EDC publishes a quarterly magazine for Canadian Exporters, ExportWise ( Exportateurs avertis in French). In 2007, EDC won an award for excellence in electronic client relationship management, presented by the Treasury Board of Canada Secretariat.[3]

[edit] References

  1. ^ Exporters Seeking More Risk Management - April 9, 2008
  2. ^ Business Edge: EDC proves port in storm for exporters
  3. ^ Treasury Board of Canada Secretariat: Crown Corporations and Other Corporate Interests of Canada 2007

[edit] External links

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