Our commitment in giving Canadian businesses the stability they need to thrive and grow around the world is unwavering. The best way for us to achieve this is by finishing this fight against COVID-19 and facing any challenges that may lay ahead of us, together, as one Team Canada. Moving forward, we will continue to work with our partners around the world to forge a path to a clear, strong, and equitable economic recovery.
With our strong, stable and resilient economy welcoming business environment, high standards for labour, the environment, and inclusivity and skilled, diverse and well-educated workforce Canada is set up for success as we recover from the COVID-19 pandemic. Now is the time to restore business confidence, create jobs, ensure sustainable and inclusive growth that benefits all Canadians including women, Indigenous and racialized entrepreneurs, and keeps our global supply chains open and resilient.
That is why in Budget 2021 we are investing in making historic, necessary investments of over $100 billion over three years for our economic recovery. We have continued to create opportunities for businesses to trade-opportunities which will be crucial to growth and jobs and we work to recover as quickly as possible.Ĭanada's State of Trade makes two things clear: Canadians and businesses made significant sacrifices during COVID-19, and in our recovery, trade and investment will be critical to generating inclusive, sustainable growth, creating jobs, and building a stronger, more resilient future.
#BENCHMARK DEFINITION OF FDI FREE#
Whether it's been through virtual trade missions around the world or our fifteen free trade agreements giving businesses access to 1.5 billion customers around the world - we haven't let COVID-19 stop us from trading. In addition to crucial emergency support programs, we have used every tool in our toolbox to bridge businesses through the pandemic and into recovery.
We have been focused on ensuring we addressed the significant social and economic impacts of the pandemic since day one – moving quickly to introduce crucial emergency business supports and working internationally to accelerate the production and equitable distribution of critical medical supplies, such as personal protective equipment and ventilators, and vaccines to protect Canadians and people around the world. It was instrumental in protecting millions of jobs, ensuring families didn't have to make impossible choices between paying their bills and putting food on the table, and supporting businesses to keep their lights on, cover costs, and keep employees on their payroll. Our government's COVID-19 Economic Response Plan represented the most significant investments to support Canadians from the Government of Canada since the second world war. Canadians stepped up to the challenges, working together to address this crisis with compassion and kindness. Waves of COVID-19, public health measures, and restricted travel around the world, brought economic challenges. With the unprecedented restrictions and challenges of this pandemic, there is no doubt that 2020 was a difficult year for all Canadians-from workers and businesses to families and economy. This report captures the story of the incredible sacrifices made and resilience demonstrated by Canadians and businesses through an unparalleled chapter in our country's history, and charts a path forward as we step into our recovery from the COVID-19. 4.3 Metrics for success: evaluating FDI attraction.4.2 Promoting investment in Canada-the key players.Chapter 4: Attracting FDI- showcasing Canada's strengths.3.3 Global Reach-where Canadian companies invest.3.2 Benefits of Canadian investment abroad.3.1 Investor's motivations and types of FDI.Chapter 3: Why do companies invest abroad?.2.3. Getting the balance right-weighing the benefits and risks of FDI.
#BENCHMARK DEFINITION OF FDI DRIVER#
Chapter 2: FDI as a driver of domestic growth.1.4 Canadian foreign direct investment performance.
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