Thank you very much, Madam Chair and honourable members, for the opportunity to join you this afternoon.
I've brought some members of my team to discuss and to share with you some thoughts on the important topic of Canadian businesswomen in international trade.
In my comments this afternoon I'll provide an overview of the Canadian businesswomen in international trade program, or BWIT as we like to call it, and highlight some of the important work being done by the BWIT program to increase opportunities for Canadian businesswomen on the global stage.
The Department of Foreign Affairs, Trade and Development recognizes the vital role that women play in our economy. Since 1997 the BWIT program has been dedicated to assisting, promoting, and advocating for women-owned businesses in the area of international trade.
The main objectives of the BWIT program are: to develop initiatives that support and engage businesswomen in the international marketplace; to provide export advice, guidance, and access to information and services specifically for women entrepreneurs on subjects including support networks, government resources, and special trade events; to provide awareness and training to adequately prepare businesswomen to tap into international markets; and finally, to provide opportunities for women-focused trade missions.
In this vein, the trade commissioner service is well positioned to assist Canadian businesswomen. With offices in about 150 cities around the world and across Canada, the trade commissioner service offers key market insights and assists by helping businesses to prepare for international markets and grow their global footprint. The BWIT program is an important component and is strongly aligned with the trade commissioner service. The BWIT program serves as a conduit to a wealth of products and services that can be leveraged by Canadian women exporters.
Our flagship publication—I think copies have been distributed to everybody—is an annual BWIT newsletter. We have the 2013 edition. The 2014 edition should be released in, I would say, the next six to eight weeks. The publication showcases successful Canadian women exporters, promotes the benefits of exporting, and disseminates information regarding key government-wide international business programs and services. The newsletter is distributed widely to more than 2,500 entrepreneurs and stakeholders and is available to download on the BWIT or TCS websites.
Speaking of the website, it is a one-stop resource for Canadian businesswomen dedicated to growing their business internationally. Maintained by us, it receives about 25,000 hits per year and endeavours to provide up-to-date information on a range of educational and funding programs; links to key contacts in government support agencies, financial institutions, and a variety of regional, national, and international associations; as well as export advice geared to improve the competitiveness of international markets.
A couple of years ago, the BWIT team launched a LinkedIn group to connect entrepreneurs throughout Canada. With more than a thousand active members—and growing very quickly, I might add—the BWIT LinkedIn group provides a two-way conversation and a rich source of intelligence and practical information for entrepreneurs that is produced by us and by entrepreneurs. The group was recently nominated by Canadian's Internet Business as one of Canada's top business groups on LinkedIn, joining the likes of The Globe and Mail's small business LinkedIn group.
Through our other online e-channels, BWIT receives more than 100 service requests annually, specifically to assist women-owned businesses.
Your handout kit also flags a number of articles and achievements of the BWIT program that were included in our publication CanadExport, the department's bimonthly electronic trade newsletter, which boasts around 21,000 subscribers. A special edition was released to commemorate International Women's Day about a month ago featuring many successes realized by Canadian businesswomen in the international marketplace.
Success on that platform also requires public and private sector collaboration. Last month we partnered with Industry Canada to develop a specialized, women-owned directory in Industry Canada's Canadian company capabilities database, the CCC. The CCC database includes more than 50,000 Canadian companies and receives more than five million domestic and international visits and queries a year.
The specialized directory will help businesswomen, we are convinced, to identify and promote their products and services to potential customers in Canada and abroad as well as to partner with other women-owned businesses. It also provides corporations that have supplier diversity initiatives and programs access to a dedicated listing of women-owned businesses across the country.
A prominent feature of our BWIT program, with three or four people, is its ability to develop strong partnerships at the national, regional, and international levels to support Canadian women entrepreneurs. An example of this is the establishment of WEConnect Canada . Launched about five years ago with the assistance of Status of Women Canada and the Atlantic Canada Opportunities Agency, this non-profit organization certifies Canadian women majority-owned businesses as well as playing a role in delivering education, training, coaching, and mentoring programs.
Our BWIT program also offers a number of strategic initiatives in collaboration with these partner organizations. For instance, we have developed a strong collaborative relationship with provincial organizations and regional businesswomen's organizations across the country. Through this partnership, a common client-base of businesswomen has been developed to create synergies to increase access to sharing information on new initiatives, such as the Canadian company capabilities database, contract opportunities, events, trade missions, and export market training opportunities.
Over the past five years, the BWIT program has played a leading role in organizing a trade mission to the Women's Business Enterprise National Council, or WBENC, at their national conference and business fair in the United States. An average number of participants per mission is 125 businesswomen and key stakeholders. The WBENC event is the largest supplier diversity procurement trade show in North America, with more than 3,000 attendees and upwards of 350 exhibitors.
Through engagement in this conference, our department provides Canadian businesswomen with supplier diversity and U.S. market insight, while connecting them with America's leading corporations that are committed to doing business with women-owned businesses. Over the last five years, hundreds of thousands of dollars of contracts have been secured from these trade missions.
A good example is the success of a businesswoman from B.C. who joined us on a women-focused trade mission to Nevada, and presented her product to the purchasing officer of MGM Grand Hotel & Casino. She is now supplying her product, which is an environmentally friendly and reusable name badge, to all of the MGM line of hotels and casinos worldwide. Another example is a businesswoman from Prince Edward Island who is now supplying abrasives and sandpaper products through major hardware chains in the United States—a result of attending a trade mission organized by the BWIT program. There are many successes like these.
It is clear that where public resources have been committed to developing and implementing targeted programs to support businesswomen, particularly in private-public partnerships, the level of awareness and the activity of women entrepreneurs increase substantially.
In closing, I'd like to highlight a recent RBC study on small and medium-sized enterprises that predicts that a 10% increase in the number of women-owned firms over the next 10 years would lead to a $50 billion injection into the Canadian economy. This demonstrates that Canadian businesswomen are well placed to lead the charge in strengthening our economy and creating jobs, now and well into the future.
Minister Ed Fast has stated that there's no better job creator than international trade. Therefore, it's only logical that we seek ways to strengthen businesswomen's access to international markets. When Canadian businesses succeed abroad, it translates into jobs and prosperity here at home. Canadian businesswomen are poised to ramp up their efforts internationally and replicate the tremendous successes they have achieved here in Canada.
DFATD, our department, and the trade commissioner service are ready, willing, and able to help them out on that journey.
Thank you kindly, Madam Chair.