In recognition of International Women's Day, Canada's Minister of International Trade, Export Promotion, Small Business and Economic Development, the Honourable Mary Ng, will lead a women-focused Canada Trade Mission to the United Kingdom, March 13-16, 2023.
The United Kingdom is Canada’s largest export market in Europe, founded on a broad and extensive relationship built on shared history, values and strong economic ties. In March 2022, Canada and the UK announced the launch of negotiations towards a Canada-UK free trade agreement (FTA) that is inclusive and sustainable and ensures that everyone benefits from trade, including women, Indigenous Peoples, Black and racialized entrepreneurs, 2SLGBTQIA+ and youth.
Canada’s Trade Commissioner Service is seeking women-owned and women-led businesses in technology-based sectors to join the business delegation. If you are a women-owned or women-led business in the technology space looking to expand in the United Kingdom, this is an opportunity you don’t want to miss.
Date: March 13-16, 2023
Market: United Kingdom
Sectors: Technology-based sectors – Clean technologies, ICT, Life Sciences
Target audience: Women in technology
WHY THE UNITED KINGDOM?
- While the FTA is being negotiated, Canadian exporters continue to have preferential access to the UK market through the Canada-UK Trade Continuity Agreement (TCA). The TCA preserves the main benefits of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), including the elimination of tariffs on 98% of products exported to the United Kingdom.
- The United Kingdom is Canada’s most important science, technology and innovation (STI) partner in Europe. This importance is underscored in the comprehensive Canada-UK Memorandum of Understanding to facilitate further bilateral STI cooperation.
- Technology (ICT) businesses are at the heart of the UK economy with a turnover of $312.8 billion while sustaining 1.6 million jobs. There are significant opportunities for Canadian exporters, especially for innovations in: artificial intelligence; internet of things; enterprise software; e-commerce; cloud/edge computing technologies; cybersecurity; and health technologies.
- The U.K. ranked second globally for start-up investments in the first half of 2022, after the U.S. During that period, the U.K. had raised double the funding of any other European market.