New Trade Strategy Will Help More Companies Trade Globally

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Ontario Hosts Forum for Multicultural Chambers of Commerce and Business Association Leaders

By A Correspondent

On January 8, Dr. Eric Hoskins, Ontario’s Minister of Economic Development, Trade and Employment, hosted a Multicultural Business Leaders’ Forum in Toronto to discuss Going Global: Ontario’s Trade Strategy. The event was an opportunity to reinforce the government’s confidence in its multicultural business leaders and their ability to help more businesses export products and services to global markets and create good jobs in Ontario. 

“Expanding trade to more global markets is an important part of our plan to grow Ontario’s economy and create jobs across the province,” said Minister Hoskins.  “All Ontarians, from all backgrounds, make important contributions to our economy. By working together with Ontario business leaders from diverse communities, we can help more companies grow their businesses by accessing international networks and exporting their products and services.”

Foreign trade is a crucial element of Ontario’s economy and is essential for its continued growth and competitiveness. It strengthens the economy by creating jobs, supporting innovation and growing our economy.

To help build a solid foundation for trade in emerging markets, the government recently launched the Going Global: Ontario’s Trade Strategy. Designed to expand the province’s exports, the strategy will help more companies—especially small- and medium-sized business — build relationships in international markets.

With the recent launch of its International Marketing Centre in São Paulo, Brazil, Ontario now has 11 locations around the globe in North and South America, Europe, and Asia. In 2014, the government will also lead more than 60 trade missions connecting Ontario companies to global opportunities.

Since 2005, Premier-led trade missions have visited China, Hong Kong, India, Pakistan, Israel and the West Bank. These missions have raised Ontario’s profile as a global leader in clean energy, innovation, education and life sciences, and have resulted in over $1.6 billion in agreements signed between organizations and businesses.

In 2012-13, the Ministry of Economic Development, Trade and Employment helped more than 550 companies participate in outbound trade missions to countries including China, India, Japan, Mexico, the Philippines and Peru.

Encouraging more Ontario companies to think globally is part of the government’s economic plan to invest in people, build modern infrastructure and support a dynamic and innovative business climate.

JULY 2018

Vol. 12 - No. 12


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