Minister Ng concludes successful virtual trade missions to South Korea for Canadian entrepreneurs
November 6, 2020 - Ottawa, Ontario - Global Affairs Canada
The Government of Canada is working hard to help Canadian business owners and entrepreneurs start up, scale up and access new markets—even amid COVID-19.
Yesterday, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, wrapped up two successful virtual trade missions to South Korea that included more than 200 Canadian small businesses and entrepreneurs.
The first—led by the Asia Pacific Foundation—was Canada’s first-ever virtual trade mission dedicated to women entrepreneurs. These innovative and resilient business owners from across the country were able to learn from experts in the region, and make new connections that will help them grow their businesses into the dynamic and growing South Korean market.
The second virtual trade mission was hosted by Minister Ng, and brought together Canadian entrepreneurs and small business owners across different sectors—particularly information and communication technology, life sciences, and artificial intelligence—to explore emerging opportunities in South Korea.
During both missions, Minister Ng celebrated the five-year anniversary of the Canada-Korea Free Trade Agreement, and highlighted its benefits and advantages, including how it has created opportunities for Canadians and Koreans alike.
Whether it’s innovating and adapting, taking advantage of the government’s emergency supports, or looking to new markets for opportunities for growth, Canadian small business owners continue to demonstrate incredible resilience.
The government will continue to be there for them every step of the way amid COVID-19, and will help them grow here in Canada and around the world.
“I am thrilled that so many cutting-edge Canadian companies, including many women-owned businesses, joined me on these historic virtual trade missions. We’re not letting COVID-19 prevent us from helping our businesses grow and take advantage of new opportunities in global markets like South Korea. As we work toward economic recovery, we’ll continue to help all Canadians succeed.”
- Mary Ng, Minister of Small Business, Export Promotion and International Trade
South Korea is Canada’s seventh-largest overall merchandise trading partner and the fourth-largest economy in Asia.
2020 marks the fifth anniversary of the entry into force of the CKFTA, Canada’s first bilateral free trade agreement in the Asia-Pacific region. The CKFTA is projected to boost Canada’s GDP by $1.7 billion and result in an increase in Canada’s exports to South Korea of over 30%.
In the face of the COVID-19 global pandemic, the TCS continues to help Canadian businesses grow globally by connecting them with its funding and support programs, international opportunities, and its network of trade commissioners in more than 160 cities worldwide.
Office of the Minister of Small Business, Export Promotion and International Trade
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