As provided for under Article XI, paragraph 3(c) of the Canada-Italy Income Tax Agreement of 1989, the Competent Authorities for Canada and Italy have agreed, effective January 1st, 1990, to add the following institutions for the purposes of exemption from withholding tax on interest under paragraph 3 of Article XI:

In the case of Canada:

• Export Development Canada formerly named “Export Development Corporation”

In the case of Italy:

• Special Section for Export Credit Assurance (SACE)