For Canadian businesses that export goods and services, having the right knowledge and quick, easy access to support are essential to their success—at home and abroad. It’s also crucial for Canada’s future prosperity because international trade accounts for nearly 60% of Canada’s national economy—while simultaneously improving our standard of living, creating jobs, and driving businesses to become more competitive.
The Export Development Canada (EDC) team is ready to help your company take advantage of the positive economic trends emerging as the economy rebounds from the impacts of COVID-19. With offices across Canada—including Vancouver—and around the world, EDC is close to the Canadian businesses they support and to the buyers in global markets who can connect Canadian exporters to international supply chains. They can work with you to identify opportunities in several ways:
- By providing expert knowledge and insights when targeting specific sectors and markets
- Helping you make connections with international partners and buyers
- Securing the capital you need to finance your expansion plans
Since 2020, EDC has been part of the Business, Economic and Trade Recovery (BETR) team. With representation across government departments, agencies and crown corporations connected to the trade portfolio, BETR develops strategy and governance and conducts research and development to find new areas of support. Right now, EDC is particularly excited about furthering the success of Canadian companies across these three industries of the future:
Agri-food and agriculture technologies
A significant contributor to Canada’s economy, agricultural exports totalled $74.8 billion in 2020. As the world’s population continues to grow, the need for a stable global supply chain to support the need for food is crucial for our future.
Businesses in B.C.’s agri-food and agricultural technology sectors are well-positioned for success, with increasing global demand in niche markets such as plant-based ingredients, organics, non-meat proteins and dairy substitutes. The market is also poised for ongoing technology and technical innovations in the farming, food and seafood sectors with the aim of improving production, profitability and sustainability.
The BETR team is working in partnership with other Canadian stakeholders to identify ways to leverage the strengths of this sector. At the same time, EDC is monitoring market needs and helping businesses overcome challenges through coordinating financial solutions, knowledge, and connections.
An estimated two-thirds of the world’s infrastructure investment needs are in emerging markets, with more than half in Asia. The global demand for infrastructure services and financing is rising rapidly, but Canadian companies providing architecture, construction, engineering, design, and consulting services are encountering barriers in Asia.
EDC is developing initiatives that will position Canadian companies for success by:
- increasing their access to market intelligence and business opportunities;
- bringing together Canadian companies under a “Team Canada” umbrella; and
- providing more coordinated federal government support.
The global market for medical devices is set to hit $612.7 billion by 2025. Canada represents only 1.9% of this growing subsector, which includes information technologies, electronic communication tools, and technological innovations used to improve health and the delivery of health care services.
Currently, BETR is working to improve connections between health technology companies and relevant partners and EDC is working on initiatives to help businesses overcome challenges related to product innovation, commercialization, access to capital, and procurement barriers.
Working with EDC to power your global growth
If you’re a business looking for support to export, EDC invites you to reach out to learn more about their services. The experienced account managers on EDC’s business development team in B.C. are passionate about global trade and ready to help your company grow internationally.
Call them at 1-800-229-0575, or visit edc.ca for more information.