Export Development Canada lifts ‘closed’ status on Saudi-related business

Canada’s export credit agency has lifted a “closed” status on Saudi Arabia-related activity after almost a year of frosty relations between the two countries, citing improved business conditions in the Middle Eastern kingdom.

The EDC changed its position on Saudi Arabia to “open on a restricted basis” from “closed,” a status it assigned in 2018.Saudi Arabia in August suspended new trade and investment with Canada after it urged Riyadh to release arrested civil rights activists, leading to a trade freeze and expulsion of diplomats.

The EDC said its position on a country is determined among other things, by the Canadian government’s assessment of “political, human rights and corruption risks.”Saudi Arabia is Canada’s largest Mideast trading partner. Canada imported C$2.6 billion of goods from Saudi Arabia, including mineral fuels and oils.

globepolitics it's now ok to do business with mister bone saw!

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Canada’s minister of small business to attend event in China as trade tensions cloud relationshipMary Ng says two detained Canadians will be ‘top of mind’ for her and her team as they prepare to attend the World Economic Forum in Dalian, China
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »