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Benefits of exporting
Exporting offers a multitude of advantages, including:
It drives growth in your business, significantly increasing revenue.
It increases your resilience by offering geographic diversity in demand.
It ensures you have steady business, as a decrease in local demand can be offset by strong demand in international markets.
It can offer you new opportunities in unexplored verticals through market diversification.
The Edmonton Region boasts a strong infrastructure that facilitates international trade. The entire Region is designated as a Foreign Trade Zone (FTZ), operating as an inland port known as Port Alberta. With excellent cargo connectivity, favorable regulations and tax regimes, as well as its strategic Northern location, the Edmonton Region offers a competitive edge for companies looking to expand their exports.
The entire Edmonton Region is a Foreign Trade Zone (FTZ), with access to import-export programs and cash flow tools to help accelerate business growth.
Port Alberta unlocks the potential of the inland port that is the Edmonton Region – allowing you to save money while you move goods more efficiently.
Edmonton Region companies benefit from Canada's diverse trade agreements. Canada has free trade access to 54 countries, and is the only G7 nation with free trade access to the entire G7 and European Union. These agreements cover about two-thirds of the world's GDP and open doors to over 1.5 billion consumers worldwide.
The Region's firms can tap into several support programs and policies favoring exports. This includes "no declaration is required" designations and Foreign Trade Zone designations, among others.
The Duty Deferral Program allows for the postponement or refund of duties and taxes on imported goods in certain circumstances. The DDP covers three main components which can be used individually, or in combination, depending on your business needs. This program is of value for businesses who store goods before releasing them for sale into the Canadian market or import goods and later export them without substantially altering them or for those using imported goods in the production of other goods for export.
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The EDCP is a program intended to benefit export-oriented businesses that import goods and/or acquire goods in Canada, process them to add limited value and then export them. Participants in EDCP do not pay federal Goods and Services Tax (GST) or a Harmonized Sales Tax (HST) on most imported goods or on domestic purchases of goods worth $1,000 or more, which in turn improves cash flow.
EOPS program participants do not have to pay GST/HST on imports of goods belonging to non-residents, providing these goods are imported for processing, distribution or storage and are later exported. The benefit of this program is increased cash flow and reduced operating expenses.
North American Free Trade Agreement or Canada-United States-Mexico
The Comprehensive Economic and Trade Agreement with the European Union
The Comprehensive an Progressive Agreement for Trans-Pacific Partnership
Are you ready to go global or explore new markets? The Trade Accelerator Program (TAP) is your ticket to take your business to the next level! With this 4-day hands-on program, you’ll get the tools, connections and knowledge you need to take your business into new markets
August 2, 2024
May 31, 2024
May 10, 2024
If you have any questions, require further information, or would like to book a consultation, please send us a message.
Sector Contact
Director of Trade
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