Export Development Canada and Export Finance Australia sign trade cooperation MoU

Export Development Canada (EDC) and Export Finance Australia (EFA) have signed a Memorandum of Understanding (MoU) to strengthen cooperation between the two nations' export credit agencies. The agreement establishes a framework for strategic financing, investment projects, and knowledge sharing to support economic growth, energy security, and supply chain resilience.

The partnership aims to facilitate co-financing and transaction facilitation for businesses in both countries. Key sectors identified for collaboration include infrastructure, energy transition, mining and critical minerals, agri-food, digital technologies, defense, and aerospace.

Bilateral merchandise trade between Canada and Australia reached CAD$7.3 billion in 2025, with an average annual growth rate of 8% since the CPTPP entered into force in 2018. Australia remains the largest destination in the Asia-Pacific region for Canadian direct investment, which was projected to reach CAD$50.1 billion in 2025.