Women’s Canada Trade Mission to the United Kingdom
Save the Date: March 13-16, 2023
Led by the Honourable Mary Ng
Minister of International Trade, Export Promotion, Small Business and Economic Development
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
Sector(s): 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.