This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EDC Signs € 500 Million Agreement With Moroccan Government For Future Canadian Supply

OTTAWA, 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.

" Morocco is a market of great opportunity for Canadian exporters, particularly in the infrastructure sector," said Rajesh Sharma, Senior Vice-President, International Business Development, EDC. "Today's agreement is intended to make it easier for the agencies of the Government of Morocco to do more business with Canadian suppliers, and in the process, create more trade between Canada and Morocco."

The three-year agreement was signed by Mrs. Diane Belliveau, Regional Manager, Africa, Europe and the Middle East, EDC and M. Nizar Baraka, Ministry of Economy and Finance, Kingdom of Morocco, and witnessed by Canada's Ambassador to the Kingdom of Morocco, Sandra McCardell, on March 27 th in Rabat, Morocco. The signing was part of a larger trade mission organized by the Canadian Embassy in Morocco that included 17 Canadian companies.

Canadian companies used EDC's services to undertake CAD 144 million worth of business in Morocco in 2012.

EDC is Canada's 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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs