Search

 

Cablegate: Canada: Lukewarm to Export Credit Agency

This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS OTTAWA 003036

SIPDIS

STATE FOR EB/ODF, EB/IRAQ, NEA/I - BYERGO AND WHA/CAN

E.O. 12958: N/A
TAGS: ECON EFIN PGOV CA IZ
SUBJECT: CANADA: LUKEWARM TO EXPORT CREDIT AGENCY
AGREEMENT WITH IRAQ'S TRADE BANK

REF: STATE 228304

1. We conveyed the points in reftel to officials at Foreign
Affairs Canada (FAC), the Canadian International Development
Agency, Export Development Canada (the ECA) and the
Department of Finance. Although there is no opposition in
principle to signing a framework agreement with the Trade
Bank of Iraq, there is, thus far, no demand from Canadian
businesses and there is unlikely to be any until the security
situation is more inviting. We were told that EDC also has
concerns about the long-term reliability of the oil revenue
flows that would back up TBI guarantees. The GOC is open to
approaches from TBI "once peace breaks out" and believes a
Canadian bank may have already signed some sort of protocol
with Iraq.

2. A publication by International Trade Canada had a
front-page article in October encouraging Canadian firms to
participate in the "Rebuild Iraq 2005 exhibition in Amman
next April, noting that it will "offer international
suppliers a safe meeting place to present their products and
technologies to Iraqi entrepreneurs, regional and
international contractors and subcontrators, traders and
importers, and Iraqi officials responsible for the Iraq
Development Fund." The FAC contact person reports there has
been no interest from Canadian firms, but he is optimistic
that business will improve as the security situation settles.
He will be attending the November conference in Amman as a
delegate and will look for counterparts from Embassy Amman.

3. Baghdad minimize considered.

Visit Canada's Classified Web Site at
http://www.state.sgov.gov/p/wha/ottawa

CELLUCCI

© Scoop Media

 
 
 
World Headlines

 



Save The Children: Ukraine: 21 Children Killed Or Injured In Horrific Week Of Violence

At least 21 children have been killed or injured in just a week in an uptick of violence across Ukraine, Save the Children said today... More>>


UN: Visionary ‘Blue Transformation’ Strategy To Enhance Underwater Food Systems

Record levels of fisheries and aquaculture production are making a critical contribution to global food security, the UN Ocean Conference under way in Lisbon, Portugal, heard on Wednesday...
More>>
Abu Akleh Shooting: Fatal Shot Came From Israeli Forces, Says OHCHR
Israeli forces were behind the fatal shooting of Al Jazeera journalist Shireen Abu Akleh in the West Bank - not indiscriminate Palestinian firing - the UN human rights office, OHCHR, alleged on Friday... More>>



UN Ocean Conference: Opens With Call For Urgent Action To Tackle Ocean Emergency
With climate change, biodiversity loss and pollution exacting a devastating toll on the world’s ocean — critical to food security, economic growth and the environment... More>>

World Vision: Deeply Concerned For Thousands Affected By Afghanistan Quake
World Vision is deeply concerned about the deteriorating humanitarian situation in Afghanistan in the wake of a powerful earthquake in the early hours of this morning... More>>



Malaysia: UN Experts Welcome Announcement To Abolish Mandatory Death Penalty

UN human rights experts* today commended an announcement made by the Malaysian government that it will abolish the country’s mandatory death penalty and encouraged Parliament to take concrete steps to pass the agreement into law... More>>