ONTARIO EXPORTS INC., O. Reg. 619/98

• Jurisdiction: Ontario

Development Corporations Act
Loi sur les sociétés de développement

ONTARIO REGULATION 619/98

Amended to O. Reg. 419/06

ONTARIO EXPORTS INC.

Note: This Regulation was revoked on August 29, 2006. See: O. Reg. 419/06, s. 1 (1).

Note: Ontario Exports Inc. is dissolved on the day This Regulation was revoked. On the dissolution of Ontario Exports Inc., all of its assets, rights, obligations and liabilities are transferred forthwith to the Crown in right of Ontario as of the day of dissolution. See: O. Reg. 619/98, s. 16 (2, 3); see also O. Reg. 419/06, s. 1 (2).

This Regulation is made in English only.

1. The Ontario International Trade Corporation, constituted on behalf of Her Majesty in right of Ontario under section 5 of the Act, is continued as a corporation without share capital under the name Ontario Exports Inc. O. Reg. 619/98, s. 1.

2. Ontario Exports Inc. has the following objects:

1. To create and stimulate employment and investment in Ontario by developing and promoting the export of Ontario goods and services on a competitive basis in domestic and international markets, including, without limiting the generality of the foregoing,

i. the provision of services to co-ordinate the export of Ontario oriented products and services by the public and private sectors, and

ii. the provision of financial assistance to persons carrying on industrial undertakings in Ontario.

2. Subject to the approval of the Lieutenant Governor in Council, to lend money or guarantee a loan made by a lender approved by Ontario Exports Inc., and to assist in the cost of feasibility studies, proposals, bid presentations, market development costs, and matters related thereto and to forgive repayment of such loans in whole or in part.

3. To structure, promote, market and finalize export transactions of maximum benefit to the ministries and boards, agencies and commissions of the Government of Ontario, as well as the private sector, in all fields, including, without limiting the generality of the foregoing, such fields as energy, environment, health, education, agricultural resources, transportation and manufacturing.

4. To study, promote and assist in the growth, efficiency and improvement of Ontario’s public sector resources for use in the international marketplace.

5. To carry on in domestic and international markets the business of providing educational and training services to the private and public sectors. O. Reg. 619/98, s. 2.

3. Ontario Exports Inc. may...