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APPOINTMENT TO BOARD OF DIRECTORS OF EXPORT DEVELOPMENT CORPORATION

March 6, 2000 (4:10 p.m. EST) No. 38

APPOINTMENT TO BOARD OF DIRECTORS OF

EXPORT DEVELOPMENT CORPORATION

Minister for International Trade Pierre S. Pettigrew today announced the appointment of Dominique Vachon to the Board of Directors of Export Development Corporation (EDC) for a three-year term.

Ms. Vachon brings to EDC fifteen years of experience in economics in the field of research and development in the private sector. In 1991, Ms. Vachon joined the National Bank of Canada and is currently Vice-President and Chief Economist. Prior to 1991, she served as an economic advisor with the consulting firm Econobec Inc.

A member of the Standing Committee on Public Finance of the Association des économistes québécois, Ms. Vachon is also the author of various publications on finance and investment. She has been invited to share her expertise in economics at the Canadian embassies in Washington and Brussels. In 1997, the Board of Trade of Metropolitan Montreal presented her with an award for women in business.

EDC is a Crown corporation that operates as a commercial financial institution and, since 1944, has helped Canadian businesses grow and prosper through exports and international investment. EDC's trade and finance solutions help Canadian firms compete in more than 200 countries, including emerging and higher-risk markets.

In 1998, EDC supported more than $34.8 billion in sales and foreign investment by Canadian exporters, exceeding virtually all of its performance targets.

This appointment is effective immediately.

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For further information, media representatives may contact:

Sylvie Bussières

Office of the Minister for International Trade

(613) 992-7332

Media Relations Office

Department of Foreign Affairs and International Trade

(613) 995-1874


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