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Jim Carr presents global opportunities for Canadian businesses

Jim Carr presents global opportunities for Canadian businesses

India Blooms News Service | @indiablooms | 27 Jun 2019, 04:25 pm

Toronto, Jun 27 (IBNS): Jim Carr, Canada's Minister of International Trade Diversification was at the Canada-India Business Council (C-IBC) Toronto Partnership Summit on Wednesday to promote mutually beneficial trade and investment opportunities between Canada and India, media reports said.

“The business community in Toronto is well-connected, diverse and flexible, with excellent access to international markets...By pursuing trade diversification and continuing to invest in local communities, we continue to promote Canada as a place of business that is open to the world,” said Carr. 

Through its trade diversification strategy, the government plans to invest $1.1 billion over six years to help Canadian businesses grow and diversify their exports. Reportedly CanExport program has supported more than 1,200 Canadian SMEs with 1,600 projects to expand their markets and increase export activities in more than 110 markets around the world. 

Carr also visited the Canada Goose facility, a global sector leader with international global growth. The federal government is reportedly investing $290 million help Canadian businesses export and grow, and tap new markets.

"I am so proud of Canada Goose’s role in exporting the brand of Canada around the world, and I am fortunate to have an intimate perspective on what an advantage being Canadian can be on a global business stage,” said Dani Reiss, CEO, Canada Goose

The modernized Canada-Israel Free Trade Agreement (CIFTA) was also promoted by Carr in his meeting with members from the Centre for Israel and Jewish Affairs and the local business community.

Carr also participated in a panel discussion with Galit Baram, Consul General of Israel, in Toronto where they talked about the benefits of the modernized CIFTA and the significance of the Canada-Israel trade relationship and highlighted opportunities for Canadian-Israeli partnerships in the growing fields of science, technology, and innovation.

Since the original CIFTA entered into force in 1997, two-way merchandise trade between both countries has reportedly more than tripled, totaling $1.9 billion in 2018.

"#The updated Canada-Israel Free Trade Agreement will bring our two friendly countries—allies and partners—even closer together,” Galit Baram Consul General, Consulate General of Israel in Toronto said.

(Reporting by Asha Bajaj)