This is one in a series of blog posts welcoming seven new corporate members into the ASAP fold. Export Development Canada (EDC) is a Canadian Crown corporation providing trade finance, risk management services, and expertise to Canadian exporters and investors worldwide to drive Canada’s economic prosperity. EDC partners with a variety of organizations and stakeholders to reach businesses through new channels, share knowledge and information and, ultimately, create a stronger international trade ecosystem in Canada, according to Laura Hewitt, EDC’s director of public affairs, who provided the following information about the new ASAP corporate member.
Why did your team decide to join ASAP at the corporate level?
We were inspired to join ASAP after hearing about the resources available from colleagues in other organizations. We have a number of teams in our organization that create and manage alliances and partnerships, and we’re looking to find information and advice to continue to “up our game” in this area.
What is EDC’s purpose and mission?
EDC is focused on ensuring that Canadian companies have access to the tools and knowledge they need to grow and succeed internationally. We connect businesses, regardless of their size, directly to foreign buyers and global supply chains in order to benefit Canada. EDC’s mandate is to support and develop, directly or indirectly, Canada’s export trade and capacity to engage in that trade, as well as respond to international business opportunities. At the mission’s core is using our knowledge of international trade and global buyers to take on and manage significant levels of risk to facilitate the success of Canadian companies in international markets. Our work helped to generate almost $67 billion in Canada’s GDP in 2015—more than 4 cents of every dollar.
How do you anticipate ASAP benefitting your mission and goals?
We are interested in ASAP’s resources to shaping our strategic planning for stakeholder engagement and partnerships, in addition to educational tools for measuring alliance and partner success. We also hope to attend some of the webinars or networking events and learn from other professionals in our field.
Please share a bit more information about your company and the type of partnerships you seek.
Helping more Canadian companies engage in international trade requires finding partners to help us deliver solutions in new ways. We need to think beyond our traditional partners (such as banks and insurance brokers) and consider new ones outside our usual playing field. Here is a recent example of where we partnered with Shopify, a Canadian e-commerce company: http://www.businesswire.com/news/home/20160920005439/en/Shopify-Partners-Export-Development-Canada-Shopify-Capital. If you want to learn more about Export Development Canada, here is a link to our annual report: http://www1.edc.ca/publications/2016/2015ar/#/en/home.