Ex­porters wanted

The Guardian (Charlottetown) - - THE ISLAND -

A new At­lantic trade and in­vest­ment growth strat­egy has been un­veiled by the fed­eral gov­ern­ment.

As part of this ap­proach, the fed­eral and pro­vin­cial gov­ern­ments will co-or­di­nate re­sources and ac­tiv­i­ties to sup­port com­pa­nies across the At­lantic re­gion look­ing to grow by selling their prod­ucts and ser­vices in mar­kets around the world.

The new trade and growth strat­egy aims to dou­ble the num­ber of ex­porters in the At­lantic re­gion by 2025, raise the value of ex­ports, in­crease the num­ber of ex­porters selling to more than one mar­ket, and at­tract more for­eign in­vest­ment to the re­gion.

Over the next five years, the fed­eral and pro­vin­cial gov­ern­ments

will also jointly in­vest $20 mil­lion to pro­vide At­lantic firms with com­pet­i­tive in­tel­li­gence and mar­ket anal­y­sis, train­ing and skills de­vel­op­ment, and in-mar­ket en­gage­ment ac­tiv­i­ties.

“At­lantic Cana­dian com­pa­nies that are glob­ally com­pet­i­tive cre­ate wealth here at home. By ex­port­ing, they tend to be more in­no­va­tive, pay higher wages and be more pro­duc­tive, cre­at­ing more bet­ter-pay­ing jobs that strengthen the mid­dle-class and raise the liv­ing stan­dards of all Cana­di­ans,” said fed­eral Min­is­ter of In­ter­na­tional Trade François-Philippe Cham­pagne.

P.E.I. Premier Wade MacLauch­lan pointed to the Is­land’s suc­cess in ex­ports, with growth rates that have been

out­pac­ing the re­gion and parts of the coun­try.

“This new in­vest­ment will help Prince Ed­ward Is­land com­pa­nies get their prod­ucts to global mar­kets and cre­ate good jobs here at home.”

The aim of this re­gional strat­egy is to cre­ate the most favourable con­di­tions for busi­nesses to com­pete in­ter­na­tion­ally and at­tract for­eign in­vest­ments.

Through the At­lantic Growth Strat­egy, the fed­eral gov­ern­ment and the four At­lantic prov­inces are work­ing to­gether to build a strong eco­nomic fu­ture for the re­gion by fo­cus­ing their ef­forts and re­sources to stim­u­late the re­gion’s econ­omy and ad­dress both long­stand­ing and emerg­ing re­gional chal­lenges.

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