-Export Development Canada and China Development Bank sign partnership.
Global Banking News - 16 February 2012
Export Development Canada (EDC) has said that it has signed an agreement with the China Development Bank Corporation (CDB) to identify projects between Chinese and Canadian companies that could be promoted through partnered financing.
Under the agreement, EDC and CDB will focus on key sectors, including transportation and aerospace, but will also encompass the machinery, energy, mining, and 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 for International Business Development at EDC.
EDC and CBD have already undertaken the development of potential financing structures, and have also identified potential future opportunities to collaborate, including in the civil aviation sector, high-speed rail, as well as oil and gas projects.
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