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Export development funding and Trade Commissioner support will help SMEs diversify their export markets

Published by Brad Fougere on March 18, 2015

Support announced today by Prime Minister Harper for Canada’s small- and medium-sized enterprise (SME) in the form of market development funding and a commitment to the Trade Commissioner Service will help manufacturing and exporting firms reach new markets and diversify their current export markets.  

Under the program, SMEs will be able to receive direct assistance to participate in trade missions, conduct market research and attend trade fairs.  

"There is a world of business opportunity open to Canadian exporters in rapidly developing markets, in the field of new technologies and in markets that are opening up thanks to the trade and investment agreements the government has negotiated,” said Canadian Manufacturers & Exporters President and CEO Jayson Myers after the announcement.   

As well, the staffing and program resources announced for The Trade Commissioner Service, which was created by CME in 1894, will help SMEs access intelligence vital to local customs, regulations and business nuances necessary for successful export development.  

“It's now up to business themselves to take advantage of those opportunities. The measures that the Prime Minister announced will be instrumental in enabling small- and medium-sized companies, in particular, grow in international markets." 

With the bulk of CME’s membership consisting of SMEs, the measures will directly support international trade development to Canada’s most important business sector and the segment of Canadian business that has the highest impact on the growth of Canada’s economy.  

Canadian Manufacturers & Exporters (CME) is Canada’s largest trade and industry association, and the voice of manufacturing and global business in Canada.

Founded in 1871, CME represents more than 10,000 leading companies nationwide, and – through various initiatives, including the establishment of the Canadian Manufacturing Coalition – touches more than 100,000 companies from coast to coast, engaged in manufacturing, international trade and service-related industries.

More than 85 per cent of our members are small and medium-sized enterprises. Collectively, CME's membership network accounts for an estimated 82 per cent of Canadian manufacturing production and 90 per cent of all goods and services exports.

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