ATIGS and ATIGA Results Summary 2022

An infographic depicting a map of the Atlantic provinces in the center. Six text boxes surround the map, displaying statistics on various aspects of Atlantic Canada’s economy.

The infographic title is: ATIGS and ATIGA Results Summary – Trade and Investment: Critical Levers for Growth – Aspirational Goals to Move the Needle

Text in the infographic reads:

From 2015 to 2020, Atlantic Canada:

• Increased the number of exporters by 2.7% (-1.7% for Canada) (Source: Statistics Canada)
• Increased the value of exports by 6.7% (-1.5% for Canada) (Source: Statistics Canada)
• Experienced a slight drop in number of firms exporting to 2 or more countries (-3.2% vs -1.4% for Canada) (Source: Statistics Canada)
• Attracted estimated $4.5B in announced FDI (greenfield) investments (3.7% of national total, 2017-2020) (Source: FDIMarkets)

When comparing firms participating in ATIGA-supported activities to others in Atlantic Canada…

• Export sales are 2.7x higher
• Close to 20% more have annual export revenues of $5M or more
• Close to 40% more export to more than 1 country
• Source: Statistics Canada (2019 data), in-market activities only

ATIGA Investments 2017-2022 – Federal/Provincial Atlantic Trade and Investment Growth Agreement

• Close to $20M over 120 projects
• Successful pivot to respond to COVID-19 impacts
• 67% for in-market activities, 20% for market research and intelligence, 13% to build global competitiveness capacity
• Estimated 258 unique firms involved in in-market activities, and 1,286 firms involved in capacity building activities

Estimated Return on Investment – Firms involved in ATIGA-supported activities estimate:

• $189M in short-term sales ($15.28 per dollar invested)
• $464M in long-term sales ($51.36 per dollar invested)
• Sales focused on Asia, EU, US and Caribbean markets
• Source: Estimates based on participant survey data, in-market activities only (2021 data)

What’s in it for exporters? – Case study: Europe Market Development Program

An SME that takes part receives:

• One-on-one, customized business and market advice
• Market entry and pre-qualified connections to potential business partners
• Services from in-market professionals to drive sales and market activities
• 28 firms registered to date (Feb. 2022)

What exporters are saying

• “They cared about the results and growing our business.”
• “The opportunity to go to trade shows for a start-up company is very significant. It puts us on the map.”
• “We are always looking for ways to gain exposure with site selectors and businesses in other markets (that are) interested in locating in our region.”
• “The Grow Export Program was extremely valuable to our business and was key to our survival during our rebranding, reorganizing our supply chain and weathering the pandemic.”

The logos of all four Atlantic provinces and the Government of Canada.