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International Trade

International Trade. Innovation, Business and Rural Development. Innovation, Business and Rural Development. 23 offices throughout NL Supporting regional development and economic diversification Lines of business Small and medium-sized enterprise development Industrial diversification

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International Trade

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  1. International Trade Innovation, Business and Rural Development

  2. Innovation, Business andRural Development • 23 offices throughout NL • Supporting regional development and economic diversification • Lines of business • Small and medium-sized enterprise development • Industrial diversification • Innovation • Trade and Investment • Economic intelligence

  3. Three Interconnected Trade Disciplines

  4. Trade Policy • Representing NL interests in interprovincial and international trade agreements • Agreement on Internal Trade • North American Free Trade Agreement • Ensuring NL activities are consistent with existing trade agreements • Assisting NL residents/ companies encountering trade barriers • Aiding in dispute resolution • Supporting International Trade Officers in service delivery to clients

  5. Trade Logistics • Providing trade infrastructure advice and support to NL private sector companies, government agencies and organizations • Promoting longterm trade growth for NL, linking transportation infractructure with projected economic requirements

  6. Trade Development • Advancing NL economic development through export trade • Helping clients navigate through global market uncertainties to identify export opportunities • Working with targeted resources • International trade officers • Export programs • Outreach & promotion • Our clients…

  7. Our Clients

  8. Our Clients • Small & medium sized NL firms seeking to • Match demand with excess capacity • Move beyond current, saturated market • Expand demand beyond limited local market • Generate more profits from operations • Gain knowledge transfer from new market • Grow business through new partnerships • Expand human and financial resources

  9. Our Clients’ Sectors • Ocean Technology • Aerospace and Defense • Information & Communications Technologies (ICT) • Biotechnology • Life Sciences • Clean-tech • Culture • Supplier Diversity • Food & Beverage • Industrial Supply & Service • Building Products • Education

  10. The Export Continuum Potential Exporter New Exporter Experienced Exporter Mature Exporter Export Readiness ExportAdvantage Export Counseling Business Networks Trade Missions IBDA ITAP Export Survey Pre-Shipment Financing Export Awards TradeWaves

  11. Working for our clients with targeted resources

  12. Targeted Resources • International trade officers • Export programs • Outreach & promotion

  13. Targeted Resources • International trade officers • Geographic teams • Officers assigned to priority markets and strategic sectors • Export programs • Outreach & promotion

  14. International Trade Officers • Export education / awareness / outreach • Client counseling • Program development / evaluation • Provincial trade representative

  15. Assigned to Priority Markets The Arctic Greenland UK Iceland Ireland China US India New England South East Mid West Panama Brazil Established priority markets Explorative priority markets

  16. Assigned to Priority Markets • United States • New England:Rebecca Hefferton • South East:Carolann Pollett • Mid West:Gillian Chatman • Western Europe • Ireland:Tonya Norman • United Kingdom:Tonya Norman • Iceland:Kelly Day • Arctic: Bradley Thorne • Latin America and Caribbean • Panama:Susan Vaughan • Brazil:Christopher Percy • Central / South Asia • China:Bob Norman • India:Kelly Day

  17. Targeted Resources • International trade officers • Export programs • Export Readiness • Business Networks • Business & Market Development • International Trade Assistance • Outreach & promotion

  18. Export Programs

  19. Programs: Export Readiness • Beyond Your Backyard is an export preparation tool for NL companies interested in or currently exporting goods and / or services internationally • Systematic approach to preparing for export • Trade officer works directly with companies to assess overall level of export-readiness • Training and mentoring to address identified gaps • Helping to manage the risks associated with exporting • Benefits of Parcticipation: • Dedicated trade expertise • Identification of gaps in export preparations / strategy • Customized recommendations • Access to export training / mentoring opportunities

  20. Programs: Business Networks • Enables NL companies to work together cooperatively to enhance export potential and accomplish what an individual business may not achieve alone • Financial assistance available to • Create new business networks • Existing business networks to participate in activities related to export development • Can you think of a potential network in your region?

  21. Programs: Business & Market Development • New & expanding small businesses • Funding to acquire expertise to pursue new business ideas/markets • Developing new markets • Researching new product development opportunities or technical feasibility • Acquiring external expertise on production processes, marketing, financial management • Up to $25k, non repayable • Matched by applicant • Apply through regional EDO

  22. Programs: International Trade Assistance • Financial assistance available to companies participating in department-led trade development initiatives, such as trade shows and trade development missions, outside NL • Non-repayable grant up to 50% of eligible project costs • Max. $7,500 per company annually • Participation fees, daily meal per diem, ground transportation, airfare, hotel

  23. Programs: International Trade Assistance

  24. Programs: Workplace Skills Enhancement • Assist SMEs acquire and/or up-skill employees to enhance productivity and global competitiveness • Non-repayable grant for existing employees up to 75% of eligible costs to an average of $10K per employee

  25. Targeted Resources • International trade officers • Export programs • Outreach & promotion • Regional and community outreach • Export & Innovation Awards & Week • TradeWaves & printed resources

  26. Outreach & Promotion

  27. Regional and Community Outreach • Trade staff participating in export information sessions through out the province • Promoting business diversity and growth through trade • Province-wide EDO network • Putting our programs to work!

  28. Export & Innovation Awards & Week • Highlight NL exporters & innovators • PArcticipate in, learn about and celebrate successes, advances and opportunities in export & innovation • INBRD hosts information sessions, workshops and local events • Province-wide • Held annually • Three awards

  29. TradeWaves • Monthly newsletter • Provincial export-related activities • Trade shows • Trade missions • Information sessions / training • Research • Local and national exporting news • Press releases • Exporting tips & insights

  30. Printed Resources

  31. In Summary

  32. We Are Here to Help Potential Exporter New Exporter Experienced Exporter Mature Exporter Export Readiness Export Internship Export Counseling Business Networks Trade Missions IBDA ITAP Export Survey Pre-Shipment Financing Export Awards TradeWaves No matter what stage of the export continuum

  33. Come Talk With Us • Client focused • Dedicated team • Targeted resources • Working to • Increase global competitiveness in NL • Reduce clients’ market expansion risks • Expand export opportunities • Increase the value and volume of NL goods internationally

  34. Thank you

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