May 9, 2019 – Ottawa, Ontario – Global Affairs Canada Source
Canada’s trade diversification strategy is focused on securing access to new markets and supporting our businesses to reach new customers abroad, in order to create jobs for the middle class here at home.
The Honourable Jim Carr, Minister of International Trade Diversification, will be in Vancouver and Surrey, British Columbia, today to highlight how Budget 2019 is helping businesses in the province to expand their markets and increase exports, while also assisting local communities in attracting foreign direct investment.
To underscore the Government of Canada’s commitment to these goals, Minister Carr will meet with the Vancouver Economic Commission to announce CanExport – Community Investments funding in support of the commission’s goal of attracting job-creating foreign companies (that are aligned with local economic interests) to the Vancouver region. Today’s funding announcement brings the total CanExport – Community Investments funding for British Columbia communities since 2016 to $1.6 million.
In January 2019, at the World Economic Forum in Davos, Switzerland, Minister Carr met with C.P. Gurnani, Managing Director and Chief Executive Officer of Tech Mahindra. Tech Mahindra is a leading provider of digital transformation, consulting and business re-engineering services and solutions and an excellent example of foreign direct investment successes. Facilitated by Invest in Canada and with the support of the Canadian Trade Commissioner Service in Mumbai, the Vancouver Economic Commission, and British Columbia’s India Trade and Investment Office, Tech Mahindra will open a software development centre in Vancouver in summer 2019, which will create up to 100 new jobs in the Vancouver area.
Minister Carr will meet with British Columbia companies who have received CanExport funding to help increase their exporting. He will tour the production facilities of Response Biomedical, a leading manufacturer of rapid diagnostic tests, and Aspect Biosystems, a biotechnology company specializing in 3D bioprinting and tissue engineering. Minister Carr will also visit Powertech Labs, an important innovator in the British Columbia cleantech ecosystem that has leveraged the Canadian Trade Commissioner Service to expand into international markets.
To highlight opportunities that British Columbia companies now have to diversify their export markets, Minister Carr will be meeting with the Business Council of British Columbia. During a round-table discussion with council members and senior executives, he will outline the various Government of Canada programs and services that are now available to British Columbia businesses. Minister Carr will deliver the same message during a keynote address at the Surrey Board of Trade’s International Trade Awards ceremony, explaining how the government aims to make Canada the most well-connected trading economy worldwide and, ultimately, create more jobs here at home.
While Minister Carr is in Vancouver, the Forest Products Association of Canada will present him with the 2019 Forest Sector Champion award in recognition of his support for the forestry sector and his championing of trade diversification for forest products.
Jim Carr, Minister of International Trade Diversification
Bruce Ralston, British Columbia Minister of Jobs, Trade and Technology
Catherine Warren, Chief Executive Officer, Vancouver Economic Commission
Ian McKay, Chief Executive Officer, Invest in Canada
Amit Sood, Senior Vice-President and Country Head, Tech Mahindra
The 2018 Fall Economic Statement invested $100 million over six years to reinforce the CanExport program and related funding programs so that more Canadian businesses can explore new overseas markets, especially high-growth emerging markets and markets benefiting from free trade agreements such as the Canada-European Union Comprehensive Economic and Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
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.
Since 2016, the CanExport – Community Investments program has funded 148 organizations across Canada with more than $16 million in support of foreign direct investment attraction, retention and expansion.
- Diversifying Canada’s trade and investment opportunities
- Canadian Trade Commissioner Service
- CanExport – Community Investments Program
- Invest in Canada
Office of the Minister of International Trade Diversification
Media Relations Office
Global Affairs Canada
Vancouver Economic Commission
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