Encouraging Comox Valley companies to expand their sales into export markets creates economic benefits for not just the exporting company, but more broadly in the regional economy. Exporting companies tend to have higher-value production, partly because accessing larger markets allows for economies of scale in production. It also allows companies to target niche markets with more specialized, higher-value products that would not find a sufficient market in the local area.
More broadly, Canada is a trading nation with extensive integration into global supply chains and many sectors of the economy are oriented toward export sales. British Columbia has a similar profile and has benefited from proximity to fast-growing Asian markets over the last decade.
Review the following recent Canadian Trade Agreements here: