April 3, 2013
/CNW/ - Export Development Canada (EDC) today announced that it has signed a Memorandum of Understanding (MOU) with the Moroccan Ministry of Economy and Finance, under which the Moroccan Government can access up to € 500 million in financing for national projects and contracts where there is Canadian supply, services or investments.
is a market of great opportunity for Canadian exporters, particularly in the infrastructure sector," said
, Senior Vice-President, International Business Development, EDC. "Today's agreement is intended to make it easier for the agencies of the Government of
to do more business with Canadian suppliers, and in the process, create more trade between
The three-year agreement was signed by Mrs.
, Regional Manager,
, EDC and M. Nizar Baraka, Ministry of Economy and Finance, Kingdom of
, and witnessed by
Ambassador to the Kingdom of
. The signing was part of a larger trade mission organized by the Canadian Embassy in
that included 17 Canadian companies.
Canadian companies used EDC's services to undertake
CAD 144 million
worth of business in
export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by more than 7,400 Canadian companies and their global customers in nearly 190 markets worldwide each year. EDC is financially self-sustaining and a recognized leader in financial reporting and economic analysis.
SOURCE Export Development Canada