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1. Horizontal Initiative: | 2. Lead Department: | |
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International Business Development Program | Atlantic Canada Opportunities Agency (ACOA) | |
3. Lead Department Program Activity: | ||
Enterprise Development (program sub activity: Trade) | ||
4. Start Date: | 5. End Date: | 6. Total Federal Funding: |
April 11, 2005 | March 31, 2010 | $7.0 million |
7. Description: | ||
The International Business Development Program (IBDP) involves four Atlantic provincial governments and three federal departments: ACOA, Foreign Affairs and International Trade Canada, and Industry Canada. The previous International Business Development Agreement (IBDA) was first signed in May 1994 for three years and $3 million. It was extended in March 1997 for a
further three years and $2 million. A second extension, for $8 million, involved the seven partners in international business development for a further four years from 2000 to 2004. The $10‑million IBDP will continue the work of the partners until 2010. Funding for the agreement is shared 70/30 by ACOA and provincial governments. The IBDP’s mandate is to undertake specific measures to optimize regional coordination on a pan‑Atlantic scale, and combine limited resources to coordinate trade‑related activities. The commitment to this IBDP, with the increased funding allocation, attests to both the IBDA’s positive results and its significance for the future of the region’s international business development. see http://www.acoa-apeca.gc.ca/English/ibda/Pages/HomePage.aspx |
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8. Shared Outcomes: | ||
The shared outcomes for the IBDP support ACOA’s priority for trade and are as follows.
Since the original IBDA commenced in 1994, the Agency and its partners have administered over 207 projects involving some 3,500 Atlantic Canadian companies. The IBDA has assisted 182 companies to begin exporting; 380 exporters to increase their export sales; and 259 exporters to expand into new markets. |
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9. Governance Structure: | ||
ACOA is the lead organization for this initiative, and houses the secretariat responsible for administering the agreement. A management committee, comprising a representative from each of the partners, is responsible for the planning and management of the agreement’s programs and the evaluation of projects. | ||
10. Partners involved in each program: | ||
Federal departments and agencies (70% funding)
Provincial governments (30% funding)
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12. Program Name: | 13. Total Federal Allocation: | 14. 2009-2010 Planned Spending: |
International Business Development Program | $7.0 million | $1.1 million |
15. Expected Results: | ||
For the life of the agreement (2005-2006 through 2009-2010) | 2009-2010 | |
Increased number of new exporters | 40 companies | 8 |
Existing exporters reporting sales to new markets | 75 companies | 15 |
Existing exporters reporting increased sales to existing markets | 150 companies | 30 |
16. Results to be Achieved by Non-federal Partners (if applicable): | ||
Same as above. | ||
17. Contact Information: | ||
Michel Têtu Director General, Trade and Investment ACOA 644 Main Street, Moncton NB 506-851-6496 Michel.Têtu@acoa-apeca.gc.ca |
1. Horizontal Initiative: | 2. Lead Department: | |
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Team Canada Atlantic | Atlantic Canada Opportunities Agency (ACOA) | |
3. Lead Department Program Activity: | ||
Enterprise Development (program sub-activity: Trade) | ||
4. Start Date: | 5. End Date: | 6. Total Federal Funding: |
April 1999 | July 2010 | $11.14 million |
7. Description: | ||
Team Canada Atlantic (TCA) is a partnership of ACOA and the four Atlantic provinces, with support from Agriculture and Agri-Food Canada (AAFC), Industry Canada (IC), Foreign Affairs and International Trade Canada (FAITC), and Enterprise Cape Breton Corporation (ECBC). The core of the TCA approach is the trade mission, which enables small and medium-sized businesses from across Atlantic Canada to meet with potential buyers, agents, distributors and strategic partners in the United States. The mission format features a comprehensive program that equips private sector participants with the knowledge, contacts and advice they require to make the best of their international opportunities (especially before, during and after their ventures abroad). Missions also provide the Government of Canada and the Atlantic provincial governments with crucial opportunities to promote the region as an attractive location for foreign investment. The initiative also helps commercialize technology and raise the region’s visibility. See the TCA website at http://www.teamcanadaatlantic.ca/. |
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8. Shared Outcomes: | ||
The TCA trade missions are focused on small to medium-sized enterprises (SMEs) in Atlantic Canada, and are intended to assist SMEs to increase exports and attract investments in key markets. The mission objectives are to:
As of November 2008, Team Canada Atlantic had completed 14 missions to United States markets, involving 530 companies and more than 3,665 business meetings, and resulting in excess of $45 million in actual sales. |
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9. Governance Structure: | ||
A management committee, comprising senior officials of ACOA, FAITC and provincial governments, is the decision-making body that directs and oversees the coordination and implementation of the TCA missions. The TCA organizing committee is responsible for organizing the missions, and includes representation from the four provincial trade departments in Atlantic Canada, FAITC, AAFC, and the Team Canada Atlantic Secretariat. The secretariat, housed at ACOA, is responsible for the overall coordination and implementation of the TCA missions. | ||
10. Partners involved in each program: | ||
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12. Program Name: | 13. Total Federal Allocation: | 14. 2009-2010 Planned Spending: |
Team Canada Atlantic |
ACOA $11.14 million AAFC $132,000 |
ACOA $ 0 (G&C) $10,000 (O&M) AAFC $ 0 |
15. 2009-2010 Expected Results: | ||
SMEs that have increased export-readiness | No expected results, as there will be a moratorium on Team Canada Atlantic trade missions for the 2009-2010 fiscal year. | |
New exporters | ||
Exporters developing new markets | ||
Forecasted export sales by SMEs | ||
16. Results to be Achieved by Non-federal Partners (if applicable): | ||
There are no expected results for 2009-2010; there will be a moratorium on Team Canada Atlantic trade missions for the 2009-2010 fiscal year. The federal partners involved (AAFC and FAITC) will be included in discussions on the renewal of the initiative. The only costs that will be disbursed are for one and two-year-out surveys. | ||
17. Contact Information: | ||
Michel Têtu Director General, Trade and Investment ACOA 644 Main Street, Moncton NB 506-851-6496 Michel.Têtu@acoa-apeca.gc.ca |