April 15, 2019 – Ottawa, Ontario – Global Affairs Canada
Canada’s small and medium-sized enterprises drive economic prosperity and create jobs for the middle class. Canada’s trade diversification strategy-New Markets, New Customers, New Jobs-is equipping Canadian businesses to expand into new markets and sectors with the tools and expertise to compete and succeed.
Today, the Honourable Jim Carr, Minister of International Trade Diversification, was in Winnipeg to promote the programs and services the Canadian Trade Commissioner Service (TCS) provides to help businesses from all sectors compete in international markets. While in Winnipeg, the Minister announced the reopening of a TCS regional hub office in Winnipeg to better support businesses in Manitoba and Saskatchewan that wish to access global markets.
The Minister highlighted that the government is investing $290 million over five years in the TCS, which offers strategic advice on where and how businesses can expand, and whom to talk to. He also highlighted the $100-million expansion of the CanExport program, which supports local entrepreneurs to develop and access new export opportunities, while also helping Canadian communities attract, retain and expand job-creating foreign investments.
He met with representatives of Cypher Environmental Ltd., a company that has leveraged both the CanExport program and the TCS to expand into markets abroad.
With these investments, the Canadian government continues to make Canada the most well-connected trading economy worldwide, while creating more jobs at home.
“Canada’s small and medium-sized enterprises are wealth and job creators supporting the middle class and those working hard to join it. The investments we are making will further support Canadian businesses by connecting people, ideas and products to customers around the world and attracting foreign investment.”
-Jim Carr, Minister of International Trade Diversification
The trade diversification strategy will invest $1.1 billion over six years to help Canadian businesses access new markets.
To date, the CanExport program has supported more than 1,200 Canadian small and medium-sized enterprises with 1,500 projects to expand their markets and increase export activities in more than 110 markets around the world.
As announced in the 2018 Fall Economic Statement, $29.5 million will be invested over the next five years to increase the number of trade commissioners across Canada.