Agency overview | |
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Formed | 1894 |
Jurisdiction | Government of Canada |
Minister responsible | |
Deputy Minister responsible |
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Agency executives |
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Parent department | Global Affairs Canada |
Website | www |
Part of Global Affairs Canada, the Canadian Trade Commissioner Service (TCS) is a network of more than 1000 trade professionals working in Canadian embassies, high commissions, and consulates located in 161 cities around the world and with offices across Canada. [2]
The Trade Commissioner Services (TCS) assists companies in various aspects of international business, including exporting, foreign investment, attracting investment, and establishing innovation and research and development partnerships. Their primary objective is to support Canadian companies in their international business development.
The Canadian Trade Commissioner Service offers four key services which are designed to support the growth of Canadian companies internationally.
The four key services are:
Global Affairs Canada (formerly the Department of Foreign Affairs and International Trade) also offers assistance to foreign companies interested in doing business in Canada. The Invest in Canada bureau is tasked with promoting, attracting and retaining foreign direct investment in Canada. [3]
Created in 1894, the Canadian Trade Commissioner Service (TCS) has 125 years of experience helping Canadian companies succeed in foreign markets by promoting the economic interests of Canada in the global marketplace.
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation.
Global Affairs Canada is the department of the Government of Canada that manages Canada's diplomatic and consular relations, promotes Canadian international trade, and leads Canada's international development and humanitarian assistance. It is also responsible for maintaining Canadian government offices abroad with diplomatic and consular status on behalf of all government departments.
Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.
The Australian Trade and Investment Commission, or Austrade, is the Australian Government's trade, investment and education promotion agency which was also given responsibility for tourism policy, programs and research from 2013. Austrade was established under the Australian Trade Commission Act 1985. It is a non-corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013, and a statutory agency under the Public Service Act 1999. Austrade is part of the Foreign Affairs and Trade portfolio.
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" to encourage economic development.
SelectUSA Investment Summit is a U.S. federal government program founded in 2007 that was aimed at promoting foreign direct investment into the United States, facilitating job creation and economic development. It coordinates investment resources across the federal government and through the U.S. Commercial Service network in over 70 foreign markets. It has a conference that was held by the agency; it is at a federal-level.
Foreign direct investment in Iran (FDI) has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early 2000s the Iranian government liberalized investment regulations. Iran ranks 62nd in the World Economic Forum's 2011 analysis of the global competitiveness of 142 countries. In 2010, Iran ranked sixth globally in attracting foreign investments.
UK Trade & Investment (UKTI) was a UK Government department working with businesses based in the United Kingdom to assist their success in international markets, and with overseas investors looking to the UK as an investment destination. It was replaced in July 2016 by the Department for International Trade.
The Georgia Department of Economic Development (GDEcD) is a department of the state of Georgia, United States. The GDEcD is responsible for managing resources to attract new business investments to Georgia, expand Georgia's existing industries and businesses, locate new markets for Georgian products, and promote and fund entertainment projects produced in the state.
Invest Northern Ireland is Northern Ireland's regional economic development agency. It is a non-departmental public body (NDPB) of the Department for the Economy (DfE). According to DETI's website, it "supports business growth and inward investment, promotes innovation, research and development and in-company training, encourages exports and supports local economic development and company start up."
New Zealand Trade and Enterprise (NZTE) is New Zealand's international business development agency.
CanadExport is a Canadian government publication and the official bulletin of the Canadian Trade Commissioner Service (TCS)—a core operation of Canada's Federal Department of Foreign Affairs and International Trade. Based in Ottawa and published online bi-weekly in both English and French, CanadExport is a source of trade-related news, events, advice, and opportunities for Canadian businesses interested in the international market.
Founded in 1966 by French entrepreneurs, the Franco-Thai Chamber of Commerce (FTCC) is today one of the European chambers in Thailand with over 315 members, with business interests in France and Thailand, and more than 60 events organized every year.
Foreign direct investments in Kosovo play an important role in the region's economy. However, this type of investment has historically been limited. Foreign sovereign investors in Kosovo primarily include regional European countries such as Germany, Turkey, Albania, Croatia, and North Macedonia. A majority of foreign investment is concentrated in Pristina, with particular focus in the areas of banking, construction, and transportation.
The Canada–Peru Free Trade Agreement (CPFTA) is a free trade agreement between Peru and Canada. It was signed on 29 May 2008 and entered into force on 1 August 2009.
The Global Markets Action Plan (GMAP) was Prime Minister Stephen Harper's government strategy to generate employment opportunities for Canadians by expanding Canadian businesses and investment in other countries in a highly competitive global environment.
Catalonia Trade & Investment is the Catalan Government’s agency that promotes foreign investment and business competitiveness. Headquartered in Barcelona, it currently operates globally through a network of 40 offices all over the world.
The Brazilian Trade and Investment Promotion Agency, or ApexBrasil is both the trade promotion organisation (TPO) and the investment promotion agency (IPA) of Brazil. Founded in 1997 as a subsidiary of the micro and small business support organisation SEBRAE, ApexBrasil became in 2003 an autonomous non-profit entity funded by the private sector and supervised by the Federal Government of Brazil. Formally linked to the Foreign Ministry since 2016, it promotes Brazilian products and services abroad, attracts foreign direct investment and supports national companies, especially small and medium-sized, on their international journey. Through its programmes and services, ApexBrasil supports approximately one third of Brazil's annual exports and contributes to facilitate at least one fourth of its foreign direct investment (FDI) inward flows each year. More than 15 thousand Brazilian companies are directly supported by the agency, virtually all of them micro, small or medium-sized.
The Costa Rican Foreign Trade Promoter (PROCOMER) is a Costa Rican governmental agency for investment and export promotion responsible for export promotion programs, attracting foreign direct investment, creating human talent development programs, and providing technical and financial support for the administration of Costa Rica's special export regimes.