OTTAWA, Nov. 23, 2018 /CNW/ - The Honourable Mary Ng, Minister of Small Business and Export Promotion, joined small and medium-sized business owners in Ottawa today for a discussion on how the Fall Economic Statement will help Canadian businesses export.
In addition to a series of measures for increasing Canada's competitiveness, the Fall Economic Statement proposes an Export Diversification Strategy that will invest $1.1 billion to increase Canada's overseas exports by 50% by 2025.
The Export Diversification Strategy will include:
- investing in infrastructure to support trade;
- investing in CanExport to help SMEs explore trade opportunities;
- launching an export mentoring program to connect Canadian entrepreneurs looking to export and successful exporters;
- expanding the Trade Commissioner Service's Canadian Technology Accelerator program;
- investing in SME export-readiness programs through local organizations; and
- enhancing the Trade Commissioner Service's support for agricultural exporters.
These new measures will help Canadian SMEs take advantage of Canada's 14 trade agreements that provide access to 51 countries, 62% of the global economy and 1.5 billion customers.
After addressing roundtable participants, Minister Ng had the opportunity to solicit their feedback on the Fall Economic Statement and the proposed Export Diversification Strategy.
The Fall Economic Statement is the next step in the Government's plan to strengthen the middle class and build an economy that works for everyone.
"Across the country, a strong and growing middle class is driving economic growth and creating new jobs and more opportunities for people to succeed. This Fall Economic Statement is about growing the economy by investing in middle-class jobs, helping Canadian businesses compete and continuing to deliver real progress for the middle class. With the new measures in the Statement, and the continued hard work of Canadians, the Government is building an economy that works for everyone."
– The Honourable Bill Morneau, Minister of Finance
"Our government is working hard to help Canadian businesses start up, scale up and access new markets. The Fall Economic Statement will decrease regulatory burden, make Canada a more attractive place to invest and help Canadian small and medium-sized businesses export so that Canada can increase its overseas exports by 50% by 2025. The Fall Economic Statement is good for Canada, good for business and good for the middle class."
– The Honourable Mary Ng, Minister of Small Business and Export Promotion
- Investing in Middle Class Jobs: Fall Economic Statement 2018
- Fall Economic Statement Speech
- Backgrounder: A Strong and Growing Economy for the Middle Class
- Backgrounder: Confidence in Canada's Economic Future
- Backgrounder: Building a Canadian Investment Advantage with Targeted Business Tax Enhancements
- Backgrounder: Continued Progress for the Middle Class
- Notice of Ways and Means Motion to Amend the Income Tax Act and the Income Tax Regulations, and Explanatory Notes
- Real Progress for Canada's Middle Class
SOURCE Innovation, Science and Economic Development Canada
For further information: Mallory Clyne, Director of Communications, Office of the Minister of Small Business and Export Promotion, 343-291-3553; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, [email protected]; Media Relations, Department of Finance Canada, [email protected], 613-369-4000