export development canada focus on colombia october 18, 2013
TRANSCRIPT
Export Development CanadaFocus on Colombia
October 18, 2013
EDC’s Role
To support and develop Canada’s export trade and international business efforts
Financing and insurance solutions for Canadian exporters and investors
Lima, Peru
EDC’s International Representation
North America / Caribbean (61%)
Asia-Pacific (16%)
Europe (10%)
South / Central America (8%)
Africa / Middle East (5%)
% = percentage of EDC’s total business volume
Location of EDC Representation
Monterrey, MexicoMexico City, Mexico
Santiago, Chile
São Paulo, Brazil
Moscow, Russia
Rio de Janeiro, Brazil
Abu Dhabi, UAE
Mumbai, India
New Delhi, India
Beijing, People’s Republic of China
Shanghai, People’s Republic of China
Singapore, Malaysia
Bogota, Colombia
Istanbul, TurkeyDusseldorf, Germany
South America Overview
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Population(millions)
GDPUS billions
(Official exchange rate)
S&P Ratings
(Foreign Currency)
Ease of Doing
Business Ranking
Global Competitiveness
IndexScore (1-7)
Canada = 5.27
FTA w/ Canada
Venezuela 28 338 B+ 180 3.46
Colombia 45 365 BBB 45 4.18
Ecuador 15 71 B 139 3.94
Peru 30 200 BBB+ 43 4.28
Bolivia 10 27 BB- 155 3.78
Chile 17 268 AA- 37 4.65
Brazil 199 2,425 BBB 130 4.40
Argentina 42 474 B- 124 3.87
Uruguay 3 50 BBB- 89 4.13
Paraguay 7 26 BB- 103 3.67
Recent History of EDC in Colombia
• Colombia has been supported by an EDC rep in the Andean region since 2009. In early 2013 EDC announced the opening of a new S. American representation in Bogotá, Colombia.
• Colombia has emerged as a significant regional business hub, with strong sector focus in extractive and infrastructure. There is a signed Free Trade Agreement in place with Canada
• In 2012, EDC served 207 companies vs. 136 in 2008 – a five-year customer growth of 52%
• EDC supported ~ CAD 431 million of Canadian exports and investments in Colombia in 2012
• Exporters of all sizes including more and more SMEs across multiple sectors are finding a market for their products in Colombia
Overview of EDC Solutions
Accounts Receivable Insurance
Bonding Services
Financing: Export Guarantee Program
Political Risk Insurance
Direct Financing - Foreign Buyer Financing or Financing for Foreign Investment
SOUTH AMERICA CONTACTS & RESOURCES
EDC: www.edc.ca>>Knowledge-Centre www.edc.ca/infrastructure
DFATD: www.tradecommissioner.gc.ca
Colombia: Departamento Nacional de Planeacion Agencia Nacional de Infraestructura Proexport Colombia Canada-Colombia Chamber of Commerce Local Associations BNAmericas Factiva InfraAmericas
Bogota/Lima
Stephen Patrick BenoitChief Representative – Andean [email protected]
Gustavo GalvisChief Representative – Infrastructure, Structured & Project [email protected]
Lorena Fuentes Alejandra CalderonCoordinator – Lima Coordinator – [email protected] [email protected]
Ottawa
Tim Steed Senior Associate – South [email protected]
Nadia Avila-Lopez Senior Associate – South [email protected]
Sao Paulo
Jean CardynRegional Vice-President - South [email protected]
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Contact EDC
For Canadian companies wanting to learn about exporting and how EDC solutions can help them, visit www.edc.ca or call…
Jennifer Cooke
Account ManagerGolden Horseshoe West
(905) [email protected]