|
Trade Expanding trade involves increasing sales between communities and regions, and between industries. This works to increase the overall impact of spending by keeping more money circulating in the NWT. Increased exports work to expand and stabilize the economic base. To do this the Division works with private and public partners to help connect buyers and sellers through trade shows and promotions. Financial incentives are provided through programs like the Business Development Fund to market NWT products. Mutual trade agreements are negotiated with other provinces to expand business access to their markets. An important role for the Division is to reduce the balance of trade between the NWT and the rest of Canada. The Division accomplishes this by promoting trade within the NWT both in terms of displacing Southern imports and expanding local services. In addition, the Division monitors national and international trade agreements, both signed and in negotiation to ensure that the interests of NWT companies and governments are represented. |
