Trade

Editor's Welcome
Navigating Around Trade Barriers

Written by:
Ela Malkovsky, Editor-in-Chief

Venturing into new market territory is marked by risk and uncertainty, but can also bring many rewards and opportunities.

For a country, increased trade can lead to greater Gross Domestic Product (GDP) per capita, higher skilled employees and technology related jobs, and lower cost of consumer products. For a business, exports provide access to new markets and facilitate increased revenue and profits. However, in order to grow from a domestic to a global market, businesses must navigate around various trade barriers. Finding customers, managing tariffs, mitigating increased financial risk and overcoming social, cultural, economic, legal, political, technical, and physical differences can impede businesses from capitalizing on the various export opportunities available to them.

The government can help to mitigate the risk of exporting by providing insurance (on a federal and provincial level) and resources such as export financing, funding for trade shows and marketing tools, foreign market expertise, a network of international business contacts, and more. Additionally, private customs brokerage and compliance service providers can help to recover duty and tax overpayments.

The following articles discuss various resources that are available to help your business navigate around trade barriers and move from planning to realizing your company’s export goals.


Ela

Ela is the Editor-In-Chief at NorthBridge Consultants and is dedicated to helping Canadian companies innovate, compete, and grow by leveraging research- and technology-based funding solutions.

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