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This agreement expired March 31st, 2017.
Overall, the Canada - Atlantic Provinces Agreement on International Business Development provides a forum for the federal and provincial governments to work together toward a common goal: increased economic performance in Atlantic Canada through increased exports.
With the renewal of the Canada - Atlantic Provinces Agreement on International Business Development for 2011-2016, the Agreement will aim to:
- increase the number of companies and organizations undertaking international business development activities;
- increase sales for companies and organizations to current international markets;
- assist companies and organizations to diversify their international markets;
- develop a stronger culture of doing international business; and,
- lead in international business development planning and coordination in Atlantic Canada.
Launched in 1994, the Agreement has been extended four times since, for a total investment of $35 million.
The funding of the Agreement is cost-shared between the federal government (70%) and the four Atlantic provincial governments (30%).
The aim of this agreement is to increase and diversify Atlantic Canada’s presence in foreign markets. The IBDA‘s integrative trade approach includes exports, investment, commercialization and communications.
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Since its inception in 1994, the Canada-Atlantic Provinces Agreement on International Business Development has been strategic in developing an exporting culture in Atlantic Canada through its four inter-related program areas.
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- Planning and Research: develops longer-term strategies and implementation plans for international business development and undertakes supporting research on companies' needs and best practices.
- Market Information and Intelligence: assists sectors and companies/organizations by obtaining market intelligence and contacts, identifying international market opportunities and applying this knowledge to trade development activities.
- Building Knowledge and Expertise: exposes companies and industry stakeholders to international business opportunities and ensures that they are well prepared with the capability, knowledge and information required to develop international business.
- International Business Development Activities: undertakes business activities that support international business development strategies and contribute to contacts, alliances and ultimately sales for both existing and new exporters.
This Agreement focuses on international business development in several sectors in Atlantic Canada. These sectors include:
- Aerospace and defence
- Building products and construction
- Consumer products
- Cultural industries
- Education and training
- Environmental industries
- Food and beverages
- Information and communications technologies
- Life sciences and biotechnology
- Ocean industries
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The Canada-Atlantic Provinces Agreement on International Business Development is an integral part of the federal and Atlantic provincial governments’ long-term plans for export development in Atlantic Canada. The Agreement is managed in cooperation by Government of Canada and the four Atlantic Provinces.
The federal partners in this Agreement are:
The provincial partners in this Agreement are:
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