CFIB supports Premier Charest call for Canada to increase trade relations with t
Date: Saturday, January 27 2007
CFIB supports Premier Charest call for Canada to increase trade relations with the EU
MONTREAL, Jan. 26 /CNW Telbec/ - The Canadian Federation of Independent
Business (CFIB) reacts positively to Quebec's Premier, Mr. Jean Charest, and
that of the Minister of Economic Development, Innovation and Export Trade,
Mr. Raymond Bachand, call for Canada to increase trade relations with the
European Union (EU). "Canada is the only G8 country in the past 5 years not to
have signed a bilateral trade agreement to foster international trade. The
reopening of trade discussions is good news because it will contribute to
generating wealth in Quebec and Canada, "said Richard Fahey, Quebec's Vice
President of CFIB.
CFIB's Trade Report, released in December 2004, found that Europe is
second only to the US as a prime expansion market for Quebec and Canadian
small business owners. More than half of Canadian small- and medium-sized
businesses are involved in international trade, either directly (36 per cent)
or indirectly (15 per cent). "What is even more exciting though, is the
opportunity for businesses looking to expand into the international market,"
said Mr. Fahey.
Expanding into new international markets involves higher risks and higher
costs for small business owners. Helping entrepreneurs navigate such issues as
intense competition, protectionist measures, complex multinational regulatory
and fiscal burdens, adapting to new logistical and cultural environments are
important parts of the mandate of federal and provincial organizations aiming
to encourage trade.