The Regional Tariff Response Initiative will help businesses respond, adapt, and compete amid shifting market conditions
The Government of Canada is focused on protecting Canadian workers, reinforcing the competitiveness of Canadian businesses and building one strong Canadian economy.
Today, the Honourable Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency, announced that businesses in Atlantic Canada can now apply to the Regional Tariff Response Initiative (RTRI). The program is designed to help small to medium sized enterprises across the region respond to trade shocks by supporting projects that improve productivity, diversify markets, strengthen supply chains, and boost domestic trade.
The RTRI is part of a broad set of tariff support measures, including the Large Enterprise Tariff Loan Facility, the Business Development Bank of Canada's Pivot to Grow initiative, and support for the steel sector through the Strategic Innovation Fund. Together, these efforts demonstrate a commitment to reinforcing Canada's industrial strength and defending good jobs across the country.
To support applicants and stakeholders, ACOA officials will host information sessions in the coming weeks to provide guidance on the program and application process.
