Global Business Confidence Report – 2017
This report provides an analysis of the results of a survey of 1689 C-Level executives from 73 countries spread across a range of industries and organizational sizes. It is the largest report of its kind.
Export Navigator pilot extended to help B.C. businesses become export ready
The Province is helping more small business owners and entrepreneurs develop export capacity and gain access to new markets by extending the Export Navigator pilot for another six months.
“More regional B.C. businesses will be able to successfully navigate the export process and access the right services to export their goods and services through this extension to the Export Navigator pilot,” said Bruce Ralston, Minister of Jobs, Trade and Technology. “By helping them reach new markets, we’re enabling small B.C.-based businesses to grow and create new, well-paying jobs in their communities.”
The Export Navigator pilot helps B.C. businesses in six regions become export ready by providing access to community-based export advisors who help connect businesses with programs and services that are unique to their needs. The specially trained advisors offer personalized support at every stage of the export process, including visiting and touring businesses to best understand their needs.
“Understanding how to become export ready can be a tricky and confusing process, particularly for small businesses in regional communities that aren’t certain where to turn to for help,” said George Chow, Minister of State for Trade. “Export Navigator offers business owners in-person support with an expert who can help guide them through the process from start to finish, providing advice and credibility.”
Export advisors support B.C. business owners by doing the following:
Identifying and validating new market opportunities
Determining export readiness and supporting the development of comprehensive market entry strategies
Navigating the many services available to clients and providing streamlined referrals to federal and provincial programs
Supporting clients through logistics and customs certifications, financing, and more
Building business capacity to find and develop new export opportunities
“Through Export Navigator, the connections we’ve been offered to start exploring the U.S. military market are extremely attractive,” said Todd Maliteare, engineer, Canadian Electric Vehicles. “I’m hoping those contacts will help us understand how we can get onto purchasing contract lists so that U.S. government, municipal, and military divisions will have our products in front of them on their general purchasing contracts.”
B.C.’s agrifoods and manufacturing sectors in particular are benefiting from the pilot. So far, 36 agrifoods businesses and 21 manufacturing businesses are participating in the pilot, making up more than half of the participants across all regions.
The Export Navigator pilot was developed by the Province in partnership with Small Business BC, federally funded Community Futures offices and the Comox Valley Economic Development Society. The pilot supports the Province’s commitment to building a strong, sustainable economy that works for everyone by growing regional-economic development and helping small businesses export their goods and services.
Export Navigator is available in the following six B.C. regions: Cariboo, Central Vancouver Island, Comox Valley, Kootenay Boundary, North Okanagan and the Pacific Northwest.
To date, more than 100 B.C. businesses have benefited from the Export Navigator pilot.
The majority of participating businesses represent the agrifoods sector, followed by manufacturing, consumer goods and clean technology.
Exports provide a vital source of economic growth and job creation – right now, one in five jobs in Canada is generated through trade.
In 2016, total British Columbia goods exported worldwide were $39 billion.
Small businesses make up 98% of all business in B.C. and employ more than one million people.
Small businesses provide 55% of all private-sector jobs in British Columbia, the second-highest rate in the country.
There were approximately 388,500 small businesses operating in B.C. in 2015, and 313,500 of those have fewer than five employees.
For more information about Export Navigator, visit: http://www.britishcolumbia.ca/export/export-navigator
For more information about B.C. trade and investment opportunities visit: http://www.britishcolumbia.ca
Step-by-Step Guide to Exporting
The Step-by-Step Guide to Exporting will help you get your business export-ready and well positioned for commercial success abroad.
Learn the essential principles of exporting whether you are a novice, intermediate or advanced exporter.
The Guide will help you to:
- Be more competitive. Apply proven export strategies.
- Sell to more customers. Target global buyers online.
- Close more deals. Secure sources of export financing.
- Enter more markets. Leverage the benefits of free trade.
- Save time & avoid risks. Learn the legal aspects of trade.
The CanExport program:
- Reimburses up to 50 percent of eligible expenses:
- Requires that the applicant match funds on a one-to-one basis;
- Provides a minimum contribution of $10,000 (requires that the total cost of eligible activities be at least $20,000) and a maximum contribution of $99,999 (which requires that the total cost of eligible activities be at least $199,998);
- Is open, with few exceptions, to all industry sectors. Note: the agriculture and processed food, fish and seafood, and wine, beer and spirits sectors are excluded from
- CanExport because companies active in these particular sectors and looking for export support are eligible to apply through Agriculture and Agri-Food Canada’s AgriMarketing program.
- Is open, with few exceptions, to companies looking at export markets worldwide.
To be considered for possible funding, a firm must meet the following basic criteria:
- Be a for-profit company;
- Be an incorporated legal entity or a limited liability partnership (LLP);
- Have a Canada Revenue Agency (CRA) business identifier number;
- Have a minimum of one full-time equivalent (FTE) employee and a maximum of 250 FTE employees;
- Have no less than $200,000 and no more than $50 million in annual revenue declared in Canada.
Welcome to the official trade and investment e-newsletter of the Province of British Columbia. The BC Market Monitor offers the latest industry success stories as well as resources and tools for investing, exporting and networking at home and abroad. Get connected to British Columbia and Asia-Pacific markets in 2011 and beyond.
Trade and Invest BC works with international enterprises to help them build strong links to the resources, skills and businesses that make British Columbia an attractive place to work and invest. They help international companies invest in British Columbia, one of North America’s most competitive and dynamic business environments. Strategically located at the commercial crossroads between the Asia-Pacific region and North America, British Columbia is Canada’s Pacific Rim province. Companies in British Columbia benefit from low taxes, competitive operating costs, stable labour conditions, and an exceptional multicultural work force that is well educated, highly skilled, and productive.
Produced by Bo Chen, School of International Business Administration, Shanghai University of Finance and Economics. Asia Pacific Foundation of Canada Research Reports Vol. II, No 1; February 2010.
The relationship between trade variety and productivity is one of the central interests in trade and development. Although the channel of how productivity affects trade variety was articulated centuries ago, the other direction, how trade variety affects productivity, is less well understood. A standard monopolistic competition model (MC) in trade assumes goods are differentiable and varied. With this framework, economists are able to exposit how trade variety affects productivity from two effects: the input variety effect and the output variety effect.
You can keep up-to-date with news from Asia through the Asia Pacific Foundation website. You can also see what Canada is doing to promote trade in the region. The Foundation has links and summaries of the latest news from a number of prominent Asian newsrooms. It’s a great source of information if you are thinking about expanding your efforts in global trade.
Evaluating a Foreign Supplier – courtesy of Export Development Canada.
Investing & International Business
As part of growing your business, you may be considering exporting, importing and investing. Find out what this means for you and your business.
- Things to know about importing
- Information for importers
- Articles on importing
- Step By Step Guide to Importing Good Into Canada