The Coronavirus disease (COVID-19) has resulted in a global health crisis posing grave threats to human life, and is having far-reaching consequences of major economic disruptions. In today’s world of globalization and interconnectedness, the spread of the virus has gravely impacted international trade, especially with the regional and global value chain linkages. Efforts to control and quarantine the disease have also resulted in restrictions on travel and public gatherings.
During these unprecedented times, the first priority is clearly to keep people as healthy and safe as possible. In light of this, OWIT-Toronto will be postponing all planned events for the time being. We thank you for your patience and understanding, and encourage you to visit our website and social media platforms (LinkedIn and Twitter) for any updates, news and trade information.
The spread of the coronavirus has left businesses around the world counting costs. To mitigate and manage the economic fallout caused by the global pandemic, the Government of Canada has launched a new webpage – offering Canadian businesses a one-stop-shop to navigate the effects on their businesses and operations. This includes information on employee support, financial implications, business travel and events, and doing business in international markets. More information and resources for Canadian businesses is available at the Trade Commissioner Service website.
Additionally, Export Development Canada has increased their internal capabilities to respond to the concerns of Canadian exporters. More information is available in their FAQs on what Canadian exporters need to know about the coronavirus (COVID-19) and latest press release.
Toronto Mayor John Tory has also announced an economic task force to ‘help protect Toronto’s economic success in the wake of the COVID-19 pandemic.’
As we navigate these difficult times, we are wishing everyone good health and well-being.
The OWIT-Toronto Board of Directors