The strategy aims to raise exports to around 50 percent of Quebec's GDP in the medium term, compared to 46 percent before the pandemic. The strategy aims to raise exports to around 50 percent of Quebec's gross domestic product in the medium term, up from 46 percent before the COVID-19 pandemic, Economy Minister Pierre Fitzgibbon said Wednesday. The plan is the result of a 12-month survey of exporters aimed at better understanding their needs, says minister. Major manufacturers and industries to benefit from increased financial assistance, says 48-page document posted on government website.
Among other measures, the government plans to target the province's best-performing exporters to offer them “personalized advice,” Fitzgibbon said. Goals for the government include improving intelligence gathering efforts through the creation of a new committee and leveraging the province's network of foreign delegations to better promote Quebec's “commercial interests”, the document says. Business groups such as Manufacturers et Exportateurs du Québec welcomed Wednesday's announcement and called it “ambitious and necessary.”. The action plan provides “more sustained and targeted support to companies in order to maximize spin-offs,” said Véronique Proulx, executive director of MEQ, in a statement.
Their association represents about 1,100 manufacturers. Some of the money could be used to help exporters buy foreign distributors or warehouses, Fitzgibbon said. Investissement Québec CEO Guy LeBlanc said Wednesday that his agency is already in talks with several Quebec companies that are planning overseas acquisitions. Best-selling products included aircraft and aircraft parts, aluminum, pulp and paper, and minerals.
In the U.S. UU. Renewable energy and electric transport are among the most promising sectors for Quebec exporters, he said. After campaigning with the promise of protecting jobs in industry, U.S.
President Joe Biden signed an executive order following his inauguration in January to strengthen the federal government's “Buy American” rules. Help support our local journalism by subscribing to the Montreal Gazette here. A welcome email is on the way. If you don't see it, check your spam folder.
The next issue of Montreal Gazette Headline News will soon be in your inbox. There was a problem signing up. It is mainly talent and imagination combined with a rich and varied cultural environment that makes Quebec and Montreal a meeting place for the arts, technologies and digital media. When the British abandoned mercantilism in the 1840s, the way was opened for British, Canadian, and later American businessmen to exploit Quebec's natural resources and foster industrial capital.
Quebec ranks second among Canadian provinces in terms of number of companies with revenues from environmental technologies or services. Innovation is a key success factor for the transport sector and Quebec is well positioned with more than 30 university or university research centers active in fields such as light materials, new electric propulsion systems, batteries, alternative fuels, acoustics and systems intelligent. Quebec companies expect sales to increase moderately in the United States and are increasingly interested in emerging markets. Quebec's main trading partners in North America (United States and Mexico) consume 71.3% of the total value of goods exported from the province of La Belle.
The construction products industry in Quebec is mainly made up of a large number of small and medium-sized enterprises. Then there are nearly 200 Tier 2 and 3 companies from Quebec that specialize in contracting, exporting, or specialized projects abroad. From its origins in the early 17th century to the middle of the 19th century, Quebec's economy was based on French and then British mercantilism. Finally, Quebec's geographical and cultural proximity to the United States and Europe represents a distinctive benefit when it comes to hiring.
Quebec companies are known for their international success in a wide range of titles for major platforms (consoles and PCs) and alternative platforms (online, wireless, interactive television, lottery and public transport). In the 1980s and early 1990s, a steady decline in demand and prices for minerals made it difficult for Québec's mining communities to time. Because the manufacturing of medical devices and technologies involves diverse biomedical science and engineering applications, Québec industry benefits from its high level of expertise in related industries, including biotechnology, optics and photonics, advanced materials, microelectronics, telecommunications, software and computers. .