Last updated on August 15, 2022
Following the terrible global recession that was caused by the COVID-19 pandemic in 2021, the economy of Canada will be bouncing back in a big way. The OECD has increased its economic prediction for GDP growth to 5% this year as a result of the 20% increase in GDP that occurred between April 2020 and April 2021.
The first quarter of 2021 saw an increase in incoming foreign direct investment that was 87 percent more than the 10-year quarterly average. In addition to this, the most recent edition of Kearney’s FDI Confidence Index places Canada in the number two spot on its list of the world’s most attractive investment destinations.
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It is abundantly clear that Canada provides international investors with a plethora of advantages, some of which include business and political stability, top talent, ecosystems that foster innovation, and market access that is unparalleled, all of which present Canada as a robust and secure economy in which to invest.
The response that Canada has taken during the pandemic has been to keep actively encouraging trade flows through 14 trade agreements. These agreements give companies located in Canada unrestricted access to 51 countries, including the United States, with which daily cross-border trade worth $1.7 billion USD takes place.
Through an integrated and secure farm-to-fork food system that is unusually well-oriented to exports, Canada has taken the necessary steps to guarantee better supply chains in important industries such as agriculture.
Clean technology, which may be defined as any product, service, or process that lessens the adverse effects on the environment, is another high-opportunity area for Canada.
It is to Canada’s good fortune to have an abundance of both renewable and non-renewable energy resources, which can serve as the foundation for the development of new clean technology.
Businesses based in Canada have an excellent opportunity to thrive in the clean technology sector as a result of Canada’s government’s strong commitment to combating climate change. Get your business Canada visa for Czech citizens in case you are interested in investing in Canada.
The battery supply chain for electric vehicles (EVs) is an example of a clean technology business in Canada that offers significant opportunities for investment. The only country in the Western Hemisphere capable of producing electric vehicles from start to finish, including the extraction of essential minerals needed for EV batteries, Canada is located in North America.
Canada provides both closeness to automotive assembly plants and access to free trade with those factories, with five in Ontario and over 30 in the United States within a day’s drive of the country.
Invest in Canada is the national investment recruitment and promotion agency of Canada. Through this organization, global corporations have the opportunity to unlock investment opportunities in Canada.
Invest in Canada is a government agency that encourages and promotes direct investment from overseas in Canada through the provision of individualized services.
Please get in touch with our team at Invest in Canada if you are considering relocating your business to Canada or expanding your current operations there.
Rashid Nawaz is a professional blogger and a News report. He works for SMH News Agency in Jhang and he is a news reporter on Dunya Urdu as well.