5 REASONS TO GO INTERNATIONAL

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5 REASONS TO GO INTERNATIONAL

  1. 1. 5 REASONS TO GO INTERNATIONAL 1 2 Ready or not, global competition is coming. 3 Canada is a relatively small market. 4 Developing countries are growing faster than developed countries. 5 Emerging middle class will number 1 billion in developing countries. Made in Canada brand has strong international appeal. KEY MARKETS FOR CANADIAN ENTREPRENEURS GULF COOPERATION COUNCIL UNITED STATES Population: 304 million GDP: 15.2 trillion CHINA Population: 37.8 million Bilateral merchandise trade: 742.0 billion GDP: 1.1 trillion Market opportunities: Population: 1.3 billion Bilateral merchandise trade: 5.6 billion Market opportunities: GDP: 4.6 trillion Bilateral merchandise trade: 53.1 billion Market opportunities: Aerospace and defence Service industries Agriculture Agriculture Oil and gas Food and beverages Food and beverages Health industries IT Bio-industries Agriculture Automotive IT Food and beverages Aerospace Mining Life sciences MEXICO BRAZIL Population: 106.7 million GDP: 1.2 trillion INDIA Population: 189.6 million Bilateral merchandise trade: 23.8 billion GDP: 1.7 trillion Market opportunities: Population: 1.2 billion Bilateral merchandise trade: 5.3 billion Market opportunities: GDP: 1.3 trillion Market opportunities: Manufacturing technologies IT Agriculture Agriculture Environmental industries Food and beverages Food and beverages Oil and gas equipment Service industries Construction Electric power IT Environmental industries Arts and culture Oil and gas Electrical power IT RECIPE FOR INTERNATIONAL SUCCESS Make sure employees and stakeholders are on board. Don’t wait until your product is Canada perfect. Adopt a global vision and get started right away. Focus on a niche market to command premium prices. Adapt your product/service for foreign markets. Seek advice and contacts from government agencies and consultants. Provide a fully integrated service, not just a product. BDC IS THE ONLY BANK DEDICATED EXCLUSIVELY TO ENTREPRENEURS. FINANCING | CONSULTING > BDC.CA/GROWTHCHALLENGES Minicons Free Vector Icons Pack : http://www.webalys.com/minicons AN A OV Invest in continuous improvement. TE Identify suitable regions and review opportunities. PL IN N Put innovation at the centre of your business strategy. AMBITIOUS BE

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