January 16, 2019 - Ottawa, Ontario - Global Affairs Canada
When companies across the country are able to expand their exports abroad, it leads to more well-paying jobs for middle-class Canadians. The Government of Canada is committed to significantly bolstering export opportunities for Canadian start-ups and established businesses through trade deals and innovative trade services that make them more competitive on the global stage.
Today, the Honourable Jim Carr, Minister of International Trade Diversification, will be in Montréal to highlight the expanded opportunities available to Canadian entrepreneurs abroad through Canada's trade diversification strategy.
While in Montréal, the Minister will meet with representatives of local start-ups and established businesses to promote the support and services the Canadian Trade Commissioner Service (TCS) provides to help Canadian firms from all sectors compete in international markets.
Canada's trade diversification strategy sets an ambitious target of increasing exports by 50% by 2025. To support businesses in that effort, the Government of Canada announced new measures as part of the 2018 Fall Economic Statement that will:
- provide resources to small and medium-sized enterprises to help them explore new export opportunities;
- enhance trade services for Canadian exporters; and
- help Canadian innovators add value, succeed and grow their businesses.
"Innovative entrepreneurs across Quebec are developing state-of-the-art products and services. Canada's trade diversification strategy provides these entrepreneurs with the export-support resources they need to take advantage of emerging opportunities in markets around the globe."
- Jim Carr, Minister of International Trade Diversification
Quick facts
The trade diversification strategy will invest $1.1 billion over six years to help Canadian businesses access new markets.
The Canadian Trade Commissioner Service (TCS) supports thousands of Canadian businesses succeed in international markets by providing key business insights and access to an unbeatable network of international contacts.
The trade diversification strategy will invest $100 million over six years to reinforce the CanExport program and related TCS funding programs to help more Canadian businesses reach overseas markets.
