The Edmonton Metropolitan Region is connected in every sense of the word. Free trade agreements and integrated infrastructure mean easy trade access to the rest of the world. A welcoming and inclusive environment also gives our region a vibrant global identity and mindset. The region is home to a foreign trade zone, allowing companies to ship materials and unfinished products here so they can be sold to global markets as Canadian products within existing trade agreements ― a major advantage in today’s challenging trade environment.
Integrated supply chain
Known as Port Alberta (the Edmonton Metropolitan Region’s inland port), the region’s integrated logistics systems help facilitate trade on local, regional, national, and international levels. The region is home to a Foreign Trade Zone allowing companies to bring in materials from around the world, complete manufacturing and assembly, and sell onto world markets as Canadian made products. Canada’s large number of Trade Agreements, which open access to more than 1.5 billion consumers, has become even more attractive as some global economies seek to restrict trade.
Investors are eligible for tariff and tax exemptions on the purchase or importation of raw materials, components or finished goods. Materials and goods can generally be stored, processed, or assembled for re-export (taxes and duties generally would not apply) or for entry into the domestic market (taxes and duties would be deferred until the time of entry).
Canada was the first country in the G-20 to offer a tariff-free zone for industrial manufacturers.
In addition, investors who choose Canada will have the advantage of importing advanced machinery and equipment into Canada free of import duties. This reduces the import cost of advanced machinery and equipment.
Canada has a total of 14 trade agreements with 51 different countries, opening access to 1.5 billion people and a combined GDP of $49.3 trillion USD. That’s half of global GDP.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement among 11 nations, representing 495 million people and 13.5% of global GDP.
On July 1, 2020, the new Canada-United States-Mexico Agreement (CUSMA) entered into force. CUSMA preserves key elements of the long-lasting trading relationship NAFTA and incorporate new and updated provisions that seek to address 21st-century trade issues and promote opportunities for the nearly half a billion people who call North America home.
First generation newcomers make up 23% of the Edmonton Metropolitan Region’s population, creating diverse, welcoming and vibrant communities and workplaces.
Canada’s robust immigration system reflects the need to meet Canada’s demographic and labour market demands. People from around the world have made the Edmonton Metropolitan Region their home, bringing unique talents and expertise to our growing economy.
Canada’s Global Skills Strategy makes it easier for businesses to attract the talent needed to succeed in the global marketplace. Part of this strategy, the Global Talent Stream allows employers to bring top international talent to Canada quickly. Eligible foreign workers with employer-approved applications can receive work permits within two weeks.