2018-05-09 12:00:16 Inventory English Learn about Canda's Trade Accelerator Program, and find out how it can help your company start exporting products or services in an... https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/04/Man-Studying-Trade-Accelerator-Program.jpg https://quickbooks.intuit.com/ca/resources/inventory/trade-accelerator-program/ Expand Your International Export Opportunities With Canada's Trade Accelerator Program

How to Expand Your International Export Opportunities With Canada’s Trade Accelerator Program

3 min read

If your goal is building a successful international or global business, Canada’s Trade Accelerator Program (TAP) can help you start accessing worldwide exporting opportunities. When you’re accepted into the program, you receive structured training from top Canadian exporting professionals. With their support, you can become an international trader in less time and with fewer hiccups than going it alone.

Understanding Export Opportunities Through TAP Canada

If you’re a product seller, expanding into the international market provides you access to a huge new group of customers. Getting there on your own can be tricky, especially if you’ve never tried navigating the export system. That’s where TAP Canada comes in. Using workshops, classes, and one-on-one advising, this international exporting opportunities program helps you develop an export plan for your company and begin implementing it. After completing the TAP Canada program, your business is better prepared to enter the export market.

Who Qualifies for Canada’s Trade Accelerator Program?

TAP Canada actively looks for Canadian companies that are nearly ready to begin exporting a high-quality product, service, or technology. It’s wise to wait until you’ve started preparing your company to expand internationally before you submit your application for the opportunity accelerator program. Steps toward preparation might include researching possible markets and figuring out where you have a strong competitive advantage. Are you already exporting? If so, you’re eligible for TAP Canada if you own a Canadian company that has expanded internationally but wants to diversify.

You must be able to send senior employees to participate in all stages of the trade accelerator program. To meet other eligibility requirements, your company must:

  • Make more than $500,000 in revenue each year
  • Have no corruption, environment, or human rights violations
  • Share two years of financial data with the application to show solvency

You can apply for TAP Canada on your province’s World Trade Centre website, or you can apply to participate in another province. All TAP Canada programs follow the same structure.

What Happens if You Are Accepted in TAP Canada?

Once you’re accepted into TAP Canada, you must pay the program fee. Then, you sign up for the first step of the process: a two-day workshop that introduces you to the program and its resources. You begin learning about the basics of international trade and export opportunities from Canadian industry experts and meet the other small-to-medium enterprise (SME) representatives in your program.

During the second TAP Canada workshop, you start developing your export strategy and writing an export plan using the Export Assessment Tool. Once your plan is ready to go, export advisers review it and send you a report that points out your company’s strengths and gaps. In the program’s last phase, TAP Canada gives you an Export Partner to help you strengthen your company’s areas for improvement during a final workshop. By the end of this trade opportunities program, your company should be prepared to start exporting.

Benefits of Canada’s Trade Opportunities Program

When you run a small business, you may not know where to begin when you want to expand your borders. TAP Canada makes the process considerably easier. For a reasonable price, it gives you access to industry exports. Workshop leaders offer immediate feedback, so you can implement it into your planning as you go. Plus, with your Export Partner, someone’s always on hand to answer your questions or steer you in the right direction.

If you want to join the ranks of Canadian companies expanding internationally and start exporting your products or services, TAP Canada is well worth the cost. With the one-on-one help, this Canadian export program streamlines the export process, so you can start reaching new customers quickly. As a graduate of Canada’s trade opportunities program, it’s likely you can benefit from more technology help to manage all that new business activity. 4.3 million customers use QuickBooks. Join them today to help your business thrive for free.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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