|Export Development Canada (EDC) | |
Export Credit Agency (ECA) in Canada
About Export Development Canada
Export Development Canada (EDC) is Canada’s export credit agency. Their job is to support and develop Canada’s export trade by helping Canadian companies respond to international business opportunities.
They manage and take on risk, making it safer for businesses to grow beyond Canadian borders. Their unique suite of solutions can help businesses offset the risks of doing business abroad, finance their deal, and access the working capital they need.
EDC are a self-financing, crown corporation that operates at arm’s length from the Government.
A summary of Export Development Canada
Export Development Canada – Benefits of using an ECA in Canada
- Risk Management Solutions
- Secure Finance
- Grow Working capital
What types of products and services does Export Development Canada offer in Canada?
- Buyer Financing
- Direct Lending
- Structured and Project Finance
- Credit Insurance
History of Export Development Canada
Founded in 1944, EDC has facilitated over $1.4 trillion in exports and foreign investment by Canadian companies. This is important because Canada’s economy heavily relies on trade. Given the small domestic market, Canadian businesses have to think globally to compete and grow.
In 2017 EDC helped nearly 9,400 Canadian companies do business in most markets around the world.
Cars and Vehicles – One of the biggest exports globally, we’re experts in trading automobiles, working with car dealerships and fleet management services
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdications they’re operating in
Are you an exporter based in Canada?
See our TFG Canada Export guide here .