BCBusiness

September 2017 How to Conquer the World

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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BCBUSINESS.CA SEPTEMBER 2017 BCBUSINESS 29 Trade hen Ken and Vaughn Anderson founded Atlas Manufacturing Ltd. in the late 1990s, they knew the Canadian market for their water-well drilling equipment wasn't big enough. So their small Vancouver Island company looked to the U.S., where a boom in single-family home construction was creating huge demand for their casing hammers, used to drill wells on indi- vidual properties. That business dried up in the 2008…09 †nancial meltdown, but the Andersons designed new products for other industries, including oil and gas, and built a global cus- tomer base. (See page 30 for details.) When it comes to trade with other nations, Atlas and its peers play an outsized role. B.C.'s small and medium-sized enterprises generated almost $12.9 billion worth of exports in 2014, according to Statistics Canada and BC Stats, accounting for 36 per cent of the provincial total. Not bad, says Dan Baxter, director of policy development, government and stakeholder relations at the BC Chamber of Commerce, but there's room for improvement. "It's an amazing number—over a third of our exports are coming from SMEs," Baxter notes. "But it also goes to show that those larger companies are doing 64 per cent. So that's where there's still so much opportunity to get more of those B.C. exporters not just into the export game but to increase the value of their product and do more trade." But as uncertainty swirls around the renego- tiation of the North American Free Trade Agree- ment (NAFTA), many of those †rms must be nervous. Although B.C. is less reliant on America as a trading partner than other provinces, 54 per cent of our exports go to U.S. markets. The new Canada–European Union Comprehensive Eco- nomic and Trade Agreement (CETA) will prob- ably change the picture. Currently, mainland China, Japan and South Korea follow the U.S. as the top destinations for the province's goods and services. Watch for the U.K. (No. 11) and other European nations to grow in signi†cance. Here, we check in with four small B.C. companies that are thriving everywhere from Australia to California to Saudi Arabia—and with experts who share their tips for conquering international markets. Want to break into the export game? Already taken your business global? As NAFTA talks heat up, got a Plan B for tapping markets beyond the U.S.? Powered by the BC Chamber of Commerce and its provincewide network, our handy guide to international trade offers real-life lessons, practical tips and expert advice for newbies and veterans alike s t o r i e s b y M a r c i e G o o d p h o t o g r a p h s b y N i k W e s t

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