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Canada announces funds to industry associations for business development initiatives

Minister of International Trade, today announced that the Government of Canada is providing $2.7 million to 35 industry associations to share the costs and risks of more than 140 separate international business development activities.


Government Press Release Last Updated at 12 Jun 2018, 00:06 IST Canada
Canada announces funds to industry associations for business development initiatives
  • Government of Canada encourages associations to look beyond Canada’s borders for new opportunities. (Image Credit: Pixabay)

Canadian industry associations play a key role in fostering international business development for thousands of small and medium-sized enterprises, which are the backbone of Canada's economy and the engine for job creation. These associations benefit from Global Affairs Canada's Global Opportunities for Associations (GOA) program, which funds international business development initiatives.

The François-Philippe Champagne, Minister of International Trade, today announced that the Government of Canada is providing $2.7 million to 35 industry associations to share the costs and risks of more than 140 separate international business development activities.

Through GOA, the Government of Canada encourages associations to look beyond Canada's borders for new opportunities. As a pillar of Global Affairs Canada's Global Markets Support Program, GOA provides contribution funding to support national associations undertaking new or expanded international business development activities.

GOA supports three types of international business development initiatives:

  • direct contacts, such as trade shows, meetings, matchmaking, seminars, incoming visits and export training
  • marketing tools, such as website development that targets foreign customers and other materials that promote trade opportunities
  • research tools, such as market research studies, market intelligence reports and updates to multi-year international business development strategies for specific industries

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