Forgot your account information?  |  Create a CME account

New export funding available for Chinese market

Published by Steve Coleman on February 15, 2012

Manufacturers looking for export financing have a new venue to approach after the Feb. 14 signing of a new agreement between Export Development Canada and the China Development Bank Corporation.

As a part of the agreement, the two agencies will look for projects eligible for financing in key sectors such as transportation and aerospace. The agreement will also take in machinery, energy, mining and the green technology sectors.

"For Canadian companies, having reliable long-term partners to support their export and investment efforts in China is vital to their success, and this partnership gives Canadian exporters access to an experienced and influential financier," said Rajesh Sharma, Senior Vice-President, International Business Development, EDC in a news release.

EDC and CBD have already identified possible opportunities to work together in civil aviation in China. High-speed rail, oil and gas projects are also on the table for discussion.

EDC says 375 Canadian companies used EDC products and services in 2010 to kick start more than CAD $4 billion in trade in China.

From January to October 2011, Canadian merchandise exports increased one-third to $12.8 billion. The total equalled the dollar value for all of 2010.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan