EDC and ACOA sign agreement to Foster trade and foreign direct investment in Atlantic Canada

    HALIFAX, Sept. 5 /CNW Telbec/ - Export Development Canada (EDC) and the
Atlantic Canada Opportunities Agency (ACOA) today signed a Memorandum of
Understanding to develop trade and foreign direct investment opportunities in
Atlantic Canada.
    The five-year agreement, which was signed in Halifax by Eric Siegel,
President and CEO of EDC, and Monique Collette, President of ACOA, is geared
towards helping enhance the ability of Atlantic companies to compete
    "Strategic partnerships like today's agreement with ACOA play a key role
in helping us reach smaller and more niche-focused exporters to provide
commercial solutions that can help them grow their business internationally,"
said Mr. Siegel.
    "ACOA is committed to helping Atlantic Canadian businesses increase their
exports to international markets," said Mme. Collette. "New opportunities like
these are central to the region's economic potential."
    Under the terms of the Memorandum of Understanding, EDC and ACOA will
share information on export and investment opportunities of interest to both
organizations, invest jointly in trade-related initiatives such as research,
training and skills development, and actively engage other government
organizations, industry and academia on subjects of mutual interest.
    To enhance joint outreach activities and provide added value for Atlantic
exporters, an ACOA-EDC Working Committee will work together on developing
joint trade and investment activities. EDC will also participate in ACOA-led
efforts such as the International Business Development Agreement Annual Sector
Workshop, ACOA Trade and Investment meetings, and Team Canada Atlantic
Operations Committee meetings.

    The Atlantic Canada Opportunities Agency (ACOA) is a federal government
department dedicated to the economic development of Atlantic Canada. ACOA
works with businesses, business organizations, provincial governments and
other federal departments to help create more and better employment
opportunities in Atlantic Canada.

    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 6,400 Canadian
companies and their global customers in up to 200 markets worldwide each year.
EDC is financially self-sustaining and is a recognized leader in financial
reporting and economic analysis, and has been named one of Canada's Top 100
Employers for six consecutive years.

For further information:

For further information: Media contact: Phil Taylor, Export Development
Canada, (613) 598-2904, ptyalor@edc.ca; Rayanne Brennan, Senior Communications
Officer, Atlantic Canada Opportunities Agency, (506) 851-6394,

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