In 2018, the Chamber of Commerce of Metropolitan Montreal and Montréal International published the study Greater Montréal: Connected Globally for More Collective Wealth. It showed the critical importance of internationalization for Montréal’s economic fabric, because it makes a major contribution to wealth and job creation, while promoting growth in median household income. The study also showed that to support long-term economic growth, the city needs to reinforce international trade and connectivity.
This study sets an additional milestone: it identifies strategies and best practices to reinforce the internationalization of Greater Montréal, through an analysis of nine highly competitive cities in terms of exports, innovation and attracting investment and talents. By drawing inspiration from its regions, the city can maintain its growth and stand out on the international scene against a backdrop of intense competition.
The benchmarking defined strategic assets to reinforce and new strategies to adopt. Following this analysis, the Chamber of Commerce of Metropolitan Montreal and Montréal International have identified five avenues for action:
- IMPROVE THE PRODUCTIVITY OF BUSINESSES IN GREATER MONTRÉAL
- INCREASE THE VOLUME OF EXPORTS AND ENSURE THE COMPETITIVENESS OF LOGISTICS HUBS
- INCREASE THE ATTRACTION AND RETENTION OF FOREIGN DIRECT INVESTMENT
- ATTRACT AND RETAIN INTERNATIONAL TALENT
- SPEED UP DATA EXCHANGES
Download the study (in French only)
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This study was conducted by the Chamber of Commerce of Metropolitan Montreal and Montréal International, in cooperation with the Communauté métropolitaine de Montréal, the Ville de Montréal and the Government of Québec.