Minister Carr to highlight benefits of trade diversification to businesses in Toronto, Ontario

From: Global Affairs Canada

Minister Carr to highlight benefits of trade diversification to businesses in Toronto, Ontario

News release

November 5, 2018 – Ottawa, Ontario – Global Affairs Canada

Helping Canadian businesses of all sizes access new markets and providing them with the tools needed to do so is a priority for the Government of Canada. Canada’s trade agreements give Canadians unparalleled access to nearly two thirds of the global economy, which translates into economic growth and, ultimately, more well-paid jobs for Canadians.

On November 5, 2018, the Honourable Jim Carr, Minister of International Trade Diversification, will travel to Toronto to highlight the expanding opportunities available to Canadian entrepreneurs, innovators, and small and medium-sized enterprises abroad through Canada’s ambitious trade diversification strategy.

The Minister will deliver an address at the Toronto Region Board of Trade and meet with its board members to highlight the diversification imperative. Minister Carr will also present awards to Canadian clean technology companies as part of Export Development Canada’s second annual Cleantech Export Week.

Following these events, the Minister will meet local Chinese community leaders ahead of his trip to China, where he will co-chair the Economic and Financial Strategic Dialogue.

Throughout his tour, Minister Carr will highlight, in particular, the benefits of the newly ratified Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as well as the impressive platform of trade agreements now open to Ontario exporters.

“With total exports worth $240.6 billion in 2017, including $21.8 billion with the European Union, Ontarians know the value that comes from tapping new markets. With the newly ratified CPTPP, Ontarians are well placed to take advantage of new and fast-growing markets, creating well-paid middle class jobs at home as a result.”

– Jim Carr, Minister of International Trade Diversification

Quick facts

  • Ontario’s global exports were valued at $240.6 billion in 2017.

  • Ontario’s exports to the European Union were valued at $21.8 billion in 2017.

  • Ontario’s annual exports to CPTPP countries were valued at $7 billion in 2017.

  • The #TradeTalks tour is an initiative in which the government engages directly with Canadian business people to help maximize international trade benefits for the middle class.

  • To date, the #TradeTalks tour has included stops in several regions in Alberta, British Columbia, Manitoba, Newfoundland and Labrador, Ontario, Quebec and Saskatchewan.

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