EDC

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EDC

See: Export Credit Agency

Export Development Corp.

A government owned corporation in Canada that extends credit to Canadian exporters. Export Development Canada also provides guarantees and insurance for exports. Like other export credit agencies (ECA), Export Development Canada is controversial; critics allege that ECAs negatively impact international development, as developing countries cannot compete with such insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
badgering for the establishment of a European defense community, U.
It traces its origins back to the 1950s with an attempt to launch a European Defense Community.
The first major attempt to bolster the European pillar was a 1950s proposal for a European Defense Community (EDC).
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