G/AG/W/125/Rev.9/Add.2/Corr.1  
 
21 November  2018 
(18-7310) Page: 1/3 
Committee on Agriculture    
 
EXPORT SUBSIDIES, EX PORT CREDITS, EXPORT  CREDIT GUARANTEES  
OR INSURANCE PROGRAM MES, INTERNATIONAL F OOD AID AND  
AGRICULTURAL EXPORTI NG STATE TRADING ENT ERPRISES  
BACKGROUND DOCUMENT BY THE SECRETARIAT1 
Export Credits, Export Credit Guarantees or Insurance Programmes  
Corrigendum  
Canada  has revis ed its data  for the section on Export Credits, Export Credit Guarantees or Insurance 
Programmes  of the Export Competition Questionnaire circulated on 16 November 2017 to include 
Food and Beverages. This follows a ques tion posed by the United States2, which br ought to Canada’s 
attention that it  had inadvertently missed the inclusion  of Food and Beverages in the reply to the 
questionnaire.  
 
Pages 12 and 13 of docume nt G/AG/W/125/Rev.9/Add.2  circulated on 23  July 2018, sh ould 
accordingly be replaced by the text below:  
 
 
1. Description of the programme (classification within the following categories: direct 
financing support, risk cover, government to government credit agreements or any other 
form of governmental export cre dit support) and relevant legislation  
 
Credit Insurance  – provides Canadian exporters coverage of 90% of insured losses against a variety 
of risks when selling products to international buyer(s).  
https://www.edc.ca/en/solutions/insurance/credit -insurance.html  
 
Buyer Financing  – helps Canadian exporters by providing their buyers with flexible payment options 
through the extension of a loan, thereby taking on the non -payment risk. EDC has a guarantee 
solution for transactions under CAD 10 million.  
 
2. Description of Export Fina ncing Entity  
 
The EDC is Canada's official Export Credit agency.  It is a self -financing Crown Corporation that is 
wholly -owned by the Government of Canada and operates at arm’s length from the government. Its 
mandate is to support and develop Canada's expo rt trade. EDC provides financing and insurance 
solutions to help Canadian companies of any size respond to international business opportunities.  
Details on all products EDC offers are available on our web -site  
https://www.edc.ca/EN/Our -Solutions/Pages/default.aspx  
 
                                                
1 This document has been prepared under the Secretariat's own responsibility and is without prejudice to 
the positions of Members or to their rights and obligations under the WTO. It has been prepared for information 
only and is not intended to provide any authoritative or official legal interpretat ion of the provisions of the WTO 
Agreements in general or in relation to any specific entity or measure listed in this document.  
2 AG-IMS ID 87045 . G/AG/W/125/Rev.9/Add.2/Corr.1  
 
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  3. Total value of export of agricultural products covered by export credits, export credit 
guarantees or insurance programmes and use per programme  
 
Credit Insurance: CAD million . 
 
2015: 4,726  
2016: 5,554   
2017: 4,864   
 
Buyer Financing*: 
 
2014: nil  
2015: nil  
2016: nil  
2017: nil  
 
* amounts stated in previous questionnaires related to working capital support . 
 
4. Annual average premium rates/fees per programme  
 
For agricultural products:  
 
Credit Insurance:  
 
2015: 0.26%  
2016: 0.23%  
2017: 0.25%  
 
5. Maximum repayment terms per programme  
 
Credit Insurance: the maximum repayment term for the programme is up to 2 years; for agricultural  
products  the maximum repayment term is 180 days.  
 
Buyer financing: repayment terms are decided case by case and depend on the underlying export 
contract, and would not be used for the sale of agricultural products.  
 
 
6. Annual average repayment periods per programme  
 
For agricultural products  
 
Credit Insurance:  
 
2015: 65 days  
2016: 61 days 
2017: 60 days 
 
Buyer financing: nil for agricultural products.  
 
7. Export destination or group of destinations per programme  
 
For agricultural products  
 
Credit Insurance:  
CAD Million  
Region  2015  2016  2017  
Africa, Europe & Middle -East 1,137  1,627  1,214  
Asia 1,449  1,725  1,514  
Mexico, Central America & Caribbean  307 418 408 
North America  1,501  1,478  1,419  
South America  332 307 309 
 G/AG/W/125/Rev.9/Add.2/Corr.1  
 
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  8. Programme use by product or product group  
 
For agricultural products  
CAD Million  
Product  2015  2016  2017  
Breeding/Genetics/Animal Health & Nutrition  225 219 169 
Commodities -Grain, Specialty Crops  1,862  2,634  2,050  
Commodities -Meat 940 1,055  1,198  
Commodities -Horticulture, Organic  234 184 176 
Processor/Elevator -Grain, Specialty Crops  469 611 475 
Processed Food and Beverages  996 852 797 
 
 
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