EDC opens office in Regina

    REGINA, June 12 /CNW Telbec/ - Export Development Canada (EDC) today
announced it is opening an office in Regina to better serve its customers and
partners in Saskatchewan. Since 2004, EDC's business volume in Saskatchewan
has grown by 67 per cent to reach 2.6 billion.
    "This new office is a reflection of Saskatchewan's economic strength,
which has been growing steadily while its exports have been consistently
outpacing many other provinces," said Glen Millard, EDC's new Senior Account
Manager for Saskatchewan. "Saskatchewan's export picture is very diversified,
and EDC will be playing an active role, along with its local partners, in
finding innovative commercial solutions to help grow Saskatchewan's
international trade, particularly in the agrifood, energy and industrial goods
    EDC has enjoyed a positive working relationship with Saskatchewan Trade
and Export Partnership (STEP). STEP and EDC have been very active in making
Saskatchewan a destination for international business visitors looking to
purchase from Canada through the AG-Equipment Initiative. STEP and EDC have
also increased the number of attendees to the Farm Progress Show from the
Ukraine, Russia and Kazakhstan.
    Saskatchewan will lead the country in export growth in 2008, driven by
strong external demand for potash and uranium, and high wheat and coarse grain
prices. The province's overall export dependency on the U.S is among the
lowest in Canada, which will prove very beneficial given the current economic
conditions south of the border. EDC also expects an increase in the province's
export growth of 2 per cent in 2009 according to its Spring 2008 Provincial
Export Forecast.
    "The Regina office is the most recent example of EDC's efforts to put
more people where exporters are most active," said Benoit Daignault, Senior
Vice-President of Business Development. "EDC's expansion in Saskatchewan is
timely as global demand in the agrifood and energy sectors continues to grow,
but our view is much longer term and will focus on helping to grow small
companies into large companies through international trade and participating
in global supply chains."
    Mr. Millard will be responsible for all of Saskatchewan's customers and
prospects. He has been actively involved in promoting Saskatchewan trade for
many years, serving as an Executive Director for both STEP and Nextrade.
Mr. Millard has a certificate in Business Administration from Conestoga
College and a certificate in International Business from Confederation College
School of Business, as well as earning his Certified International Trade
Professional credential from the Forum for International Trade Training in

    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 nearly 7,000 Canadian
companies and their global customers in up to 200 markets worldwide each year.
EDC is financially self-sustaining, is a recognized leader in financial
reporting and economic analysis, and has been named one of Canada's Top 100
Employers for seven consecutive years.

For further information:

For further information: Phil Taylor, Export Development Canada, (613)
598-2904, Blackberry: ptaylor@edc.ca; Glen Millard, Senior Account Manager,
Saskatchewan, Blackberry: gmillard@edc.ca

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