Export Development Canada and Export Finance Australia Sign Cooperation MoU; Bilateral Merchandise Trade Totalled C$7.3 Billion in 2025
Sydney, Australia. Export Development Canada (EDC) announced on October 27 that it has signed a memorandum of understanding with Export Finance Australia (EFA) to deepen trade and investment ties between Canada and Australia.
The MoU establishes a framework for the two organizations to explore co-financing, transaction facilitation, joint outreach and knowledge sharing, in support of economic growth, energy security, supply chain resilience and sustainable development, connecting companies and investors in both countries to opportunities in infrastructure, energy and the energy transition, agri-food and agtech, digital technologies, defence and aerospace.
Figures released by the two agencies show bilateral merchandise trade totalled C$7.3 billion in 2025, with Canadian exports to Australia exceeding C$3 billion. Since the Comprehensive and Progressive Agreement for Trans-Pacific Partnership entered into force in 2018, bilateral merchandise trade has grown at an average annual rate of about 8%. Australia is the largest Asia-Pacific destination for Canadian direct investment abroad.
Canada's Minister of International Trade Maninder Sidhu, Australia's Minister for Trade and Tourism Don Farrell, and EDC President and CEO Alison Nankivell all welcomed the signing. EDC is Canada's export credit agency, and EFA is the Australian Government's trade and strategic finance agency.
Source: Export Development Canada
Published by GSM · USA (original Chinese edition)
Photo: 图：澳大利亚悉尼海港大桥夜景。Diliff 摄，CC BY-SA 3.0，取自 Wikimedia Commons。 / Photo: Sydney Harbour Bridge in Australia at night. By Diliff, CC BY-SA 3.0, via Wikimedia Commons.
