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Greater Victoria, BC News

ARTICLE

Date ArticleType
12/16/2014 Media Release
UAE Tops the List of Potential Markets for Greater Victoria


MEDIA RELEASE

FOR IMMEDIATE RELEASE

UAE Tops the List of Potential Markets for Greater Victoria

December 16, 2014 – Victoria, BC – The United Arab Emirates (UAE) and Gulf region top the list of potential markets for Greater Victoria exporters. The UAE along with Brazil, Australia, Germany, Mexico and the UK were identified as potential key markets by Greater Victoria export businesses. These findings were released today with the Greater Victoria Development Agency’s (GVDA) export study Developing Greater Victoria’s Export Capacity.

The report also identifies key markets that Greater Victoria businesses currently export to including the US, Europe, China and Australia. In addition, the report identifies major barriers to export growth that local businesses are facing as well as vital ways to enhance export capacity.

“This study, spearheaded by the GVDA, is the first of its kind in the region. Before now, we didn’t have a sense of the exporting environment in the region,” said Bruce Carter, CEO of the Greater Victoria Chamber of Commerce. “This sector has massive potential for creating jobs in our region. Identifying barriers that local exporters are facing is important to overcoming them in order to further develop our export sector. This is the first step towards growing exports in our economy.”

The research was conducted as part of the Trade and Investment Program launched in April 2014, in response to stagnant economic growth in the region. The program was announced by Honourable Michelle Rempel, Minister of State for Western Economic Diversification. Partners also contributed $600,000 to the $900,000 federal government investment to launch this $1.5 million program.

The Greater Victoria Chamber of Commerce, with approximately 1,500 members, is the voice of business for the Greater Victoria region and has received Accreditation with Distinction from the Canadian Chamber of Commerce.

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Additional information:

Results - Developing Greater Victoria's Export Capacity

For more information contact:
Janet Crocker
Policy and Communications Manager
Greater Victoria Chamber of Commerce
Email: jcrocker@victoriachamber.ca
Phone: (250) 360-3476

Bruce Carter
CEO
Greater Victoria Chamber of Commerce
Email:: bcarter@victoriachamber.ca
Phone: (250)360-3470

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