Canadian businesses are at the forefront of some industries, yet there aren’t enough businesses pursuing opportunities in international markets. Why don’t Canadian companies head out to capture foreign shores and their customers?
Experts feel that smaller Canadian companies are not yet ready to take advantage of CETA and lack the global ambition that could help them.
A recent report by the international trade development arm of the Toronto Region Board of Trade said that Toronto companies that are looking to grow their export business should look towards European countries in addition to Asia.
Government officials have confirmed that the official scheduled start time for the Comprehensive Economic and Trade Agreement (CETA) with the European Union has not changed. This comes in the wake of recent developments which suggested the CETA could be delayed.
CETA or The Comprehensive Economic and Trade Agreement is a free-trade agreement between Canada, the European Union and its member states. It has been provisionally applied, so the treaty has eliminated 98 percent of the tariffs between Canada and the EU.
Canadian companies have always considered the U.S. as the next logical destination to expand into, but with changing trade regulations and international relationships, Europe should also be viewed as a market that Canadian companies must immediately consider.
U.S. lobster companies are now reaching out to their government for help as they fear losing out business to their Canadian competitors.
Oktoberfest is the world’s largest travelling fair and beer festival. Held annually in Munich, Bavaria, Germany, it is a folk festival that lasts around 18 days from Sept to October and sees any people from across the Globe attending the event. The festival is also known as the ‘beer-fest’ and is famous for its parades, food and music. Apparently around Over 7,000,000 litres of beer are consumed each year during Oktoberfest.
The Comprehensive Economic and Trade Agreement (CETA) is a free-trade agreement between Canada, the European Union and its Member States. The agreement has been in force for about a month. However there haven’t been any big changes that the beef industry has seen. Canada has been exporting beef to Europe for many years.