-Channel 1 Los Angeles
The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, yesterday participated in the Asia-Pacific Economic Cooperation’s (APEC’s) ministerial meeting on small and medium-sized businesses, focused on best practices for mitigating the impact of COVID-19 and advancing business digitalization to build the foundation for the economy of the future.
Minister Ng emphasized the importance of a wide range of economic supports to small businesses across all sectors to position them for a strong and sustainable economic recovery from COVID-19. She spoke about how open supply chains and rules-based trade will ensure that businesses see minimal disruptions and that essential goods and services, such as food and medicine, continue to flow.
The Minister reiterated Canada’s belief that the way forward to economic recovery is by strengthening and expanding global trade to benefit everyone.
Minister Ng also highlighted the importance of advancing digital trade and e-commerce as a way to eliminate barriers faced by traditional small and medium-sized businesses. Helping small businesses develop and advance their digital capabilities will allow them to take advantage of opportunities in new markets in a post-COVID-19 world.
This meeting builds on the recent ministerial APEC joint statement on COVID-19 that highlighted Canada and its APEC partners’ unwavering commitment to work together to mitigate the health and economic impacts of the pandemic on Canadians and people around the world.