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Recent Trade News

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Canadian Internal Trade Red Tape "A Burden" On Half of SMEs: Survey

Canadian Shipper Oct 14, 2014

According to UPS Canada survey data released today, 48 per cent of small and medium-sized enterprises believe cross-provincial trade restrictions and red tape inhibit their business growth. Despite the hurdles, 73 per cent conducted business with customers or partners in other provinces. Recent discussions to modernize Canada's internal trade would further enable the remaining quarter of SMEs not currently doing business in other provinces to do so in the next five years.

The UPS Canada Small Business Challenges survey is the second of two parts. Along with general business performance challenges, the first part examined e-commerce trends and supply chain management.

"We continue to see growth within our country's borders, fueled by market opportunity and customer demand," says Paul Gaspar, director of small business, UPS Canada. "Our recent expansion in western Canada is a bellwether of the business growth in the region. Making interprovincial and international trade less cumbersome would be a significant benefit to our customers and small business in general. Our global network and reputation for reliability helps businesses leverage trade opportunities as they grow within their borders and expand beyond their comfort zone."

In fact, a UPS Leger survey from earlier this year showed more than four in five Canadian businesses see global trade as a key competitive advantage for Canada. Approximately 84 per cent believe trade diversification beyond North America is necessary.

 

Read Full Article on Canadian Shipper »