Montreal, February 9, 2025 – Quebec business leaders are facing significant challenges in diversifying their exports, citing high costs and complex market transitions as major hurdles. While experts argue that expanding to new markets is a worthwhile long-term investment, businesses say the process is easier said than done.
With global economic shifts and trade uncertainties, Quebec’s industries are looking to reduce dependence on traditional markets. However, business leaders warn that establishing new trade routes, complying with international regulations, and managing logistical costs make diversification a costly and time-consuming effort.
“Businesses want to expand, but the reality is that it takes significant financial resources and strategic planning,” said a leading Quebec business executive.
Despite these concerns, trade experts emphasize that diversification can enhance economic resilience, reduce risks, and open new revenue streams. Some Quebec firms have already started exploring Asian, European, and Latin American markets as alternatives to traditional trading partners.
As the province navigates these challenges, business groups are calling for government support, export incentives, and strategic trade agreements to help ease the transition and make global expansion more accessible for Quebec companies.