Ontario’s new trade strategy expands exports, creates jobs
Ontario is helping expand the province’s presence in global markets, grow the economy and create jobs through a new trade strategy.
As part of Ontario’s plan for jobs and growth, the Going Global Trade Strategy will help more companies – especially small-and medium-sized businesses – export to global markets, helping to create jobs in Ontario. In collaboration with exporters, sector associations, researchers, government and industry, the strategy will:
Broaden the reach of Ontario’s exports to high-growth emerging economies, including working with the federal government to pursue new trade agreements for exporters in global markets, such as the European Union, India, Japan, and South Korea.
Increase support for more Ontario companies to export their products or services to international markets.
Build the province’s competitive advantage abroad by promoting Ontario companies’ quality goods and services, including opening Ontario’s 11th International Marketing Centre in São Paulo to help companies explore export opportunities and connect with international buyers and investors in Brazil.
Streamline export programs and resources for businesses so they can more easily access the supports they need to go global.
The province is also developing a new online registry that will allow companies to identify tariff and non-tariff barriers to trade and will work with the federal government to remove these barriers.
Supporting global trade will help create a strong business climate in Ontario, one of the three pillars of the government’s economic plan to create jobs and growth and help people in their everyday lives.
“Trade strengthens our economy, contributes to our bottom line and sustains and creates jobs,” said Dr. Eric Hoskins, Ontario’s Minister of Economic Development, Trade and Employment. “With our trade strategy, we are helping more companies of all sizes export to global markets, and that will help raise our GDP and create more jobs for families in all parts of the province.”
Posted: Feb 4, 2014