Canada’s Trade Plan
Canada, United States’ number one trading partner, announces a new international trade plan. Canadian trade minister, Ed Fast, says he will “focus Ottawa’s efforts on markets that hold the greatest promise for Canadian business.”
Target Markets
The plan will target three distinct types of markets.
1. Emerging Markets with the best potential for broad Canadian commercial interests. For example, some countries include: Brazil, Chile, China, Colombia,and Hong Kong
2. Emerging markets with specific opportunities for Canadian businesses. For example, some countries include: Bahrain, Costa Rica, Cameroon, and Ghana
3. Established markets with broad Canadian interests. For example, some countries include: Australia, European Union, Japan, and the United States
Plan Elements
Efforts will be placed to ensure maximizing of resources for success in foreign markets, as well as sustainability as the only G-8 nation to have preferential access to both the EU and the U.S.
SMEs
Canada plans to increase export presence of Canadian SMEs in emerging markets from 29% to 50% by 2018, leading to the creation of over 40,000 new jobs.
Canada Shipping — Scarbrough Service
If you didn’t already know, Scarbrough has a designated service between Canada and the Midwest. In fact, we have bi-weekly consolidations running from the Midwest to Toronto. Our NAFTA Team is available 24/7 helping to keep your freight moving across the border. Contact us if you need pricing, documentation, or have questions. pricing@scarbrough-intl.com
