NEW GLOBAL REALITIES in TRADE and EXPORTS
Yogi Berra once said “the future ain’t what it used to be”, and while the World has undergone major shocks and transitions in trade over the past 25 years, it was only in 2014 when Trade in Value Add (TiVA) and Integrative Trade reporting methods finally provided the accurate and timely information needed to understand what the future had actually become.
Foreign Affiliates of Canadian firms are now responsible for over 50% of Canada’s exports, or in other words, most of Canada’s value added exports, related job creation, and strongest growth are actually located in foreign countries.
The new global realities in trade are that; Global Value Chains (GVC) and associated Foreign Affiliates will continue to be the strongest driver of growth in exports; that services will continue to dominate over manufactured goods; and only those firms with Foreign Affiliates will be competitive in international markets.
See the following topics for more information on how your company can use the new realities in trade to successfully expand into international markets.