The volume of Canada's exports has soared by 50 per cent since 1992. The government is working to encourage trade by helping Canadian firms export to new markets and expand their trade in existing ones. Recently signed free trade agreements with Israel and Chile have opened new markets for Canadian exporters. Federal, provincial and municipal governments are working in partnership to identify and deliver services that will assist companies interested in exporting or expanding beyond their traditional markets. Investment Partnerships Canada is working to increase international investment in Canada.
Tourism is a particularly important player in the small business sector.
The Canadian Tourism Commission estimates that 125,000 new jobs can be created over the next decade in this industry. No government actions could be as beneficial to small businesses as the recent dramatic declines in interest rates which will encourage small businesses to invest, grow and create jobs. The government is taking a number of actions and proposed measures to meet the needs of small businesses and strengthen their ability to create jobs. It is providing assistance to help rural Canada adjust to trade liberalization in agricultural products and the decline of many traditional industries. The reduction in the EI premium rate for 1997 was the third successive decrease in as many years.