Emerson Announces Legislative Review of Export Development Canada

(Foreign Affairs and International Trade Canada)

The Honourable David Emerson, Minister of International Trade and Minister for the Pacific Gateway and the Vancouver-Whistler Olympics, today announced that International Financial Consulting Ltd. has been selected to conduct the 2008 legislative review of the Export Development Act.

The Act requires that the Minister undertake a review of Export Development Canada (EDC) every 10 years in order to provide advice and recommendations to the government and to Parliament on how EDC can best assist Canadian exporters and investors in international commerce.

“EDC plays an important role in supporting Canadian competitiveness in the global marketplace,” said Minister Emerson. “This review provides an opportunity to examine how EDC is evolving, and should continue to evolve, in order to best support Canadian companies that operate internationally.”

International Financial Consulting Ltd. will conduct research and analysis, as well as consult with a broad range of stakeholders, for example, through town hall meetings in major Canadian cities. The final report will be submitted directly to the Minister of International Trade and will inform the Minister’s subsequent advice to the government and to Parliament, expected in the fall of 2008.

International Financial Consulting Ltd. is a leading international consulting firm. Based in Ottawa, the firm specializes in financial services in support of trade, investment and development, with a focus on strategic planning, institutional development and the interface between the public and private financial sectors. The contract for this legislative review was awarded following a competitive bidding process.

For further information on the review, to make a submission, or to participate in the consultations, please visit http://www.EDCReview2008.ca.