On Jan. 5, 2016, the Minister of International Trade and the
Minister of Small Business and Tourism announced a new program,
CanExport, that will provide $50 million over the next five years
to help small and medium-sized enterprises (SMEs) in Canada take
advantage of global export opportunities.
CanExport is part of the new government's export strategy:
to assist Canadian companies in taking advantage of opportunities
abroad and increase their competitiveness, while building jobs and
growth at home.
Under the program, the federal government will reimburse up to
50% of any spending between $10,000 and $99,999 per project by
companies seeking to expand their overseas trade up to $99,999 per
year. To be eligible, companies must employ fewer than 250
employees and have annual revenue in Canada of between $200,000 and
$50 million. Eligible activities must promote export development
and go beyond an applicant's core activities, as well as
represent new or expanded initiatives. Reimbursements can be sought
for various activities and expenses, including travel,
participation at trade fairs, market research, adaptation of
marketing tools for new markets and legal fees associated with
distribution and representation agreements.
This program provides an excellent opportunity for
Alberta-based oil and gas service and equipment
companies to expand their operations abroad. Canadian
companies new to international markets, will need to be conscious
of existing Canadian export controls and customs requirements,
sanctions regimes, business integrity risks and corporate social
responsibility requirements. Proper advance planning and
appropriate due diligence are important to success in international
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