Joseph Perera’s Blog

Hey All!

I’ve got great news for the ones that are interesting in hearing about where the GTA Aerospace cluster is heading in the near future.

So far, it has been doing extremely well with sales and outsourcing. Now it has switched its focus toward exports and revamping its export lines in a whole new way.

With Ontario’s history of the airline industry,  we know how far it has come and what it has done for the Canadian economy so far. Well, now we something new, helping the canadian economy again, but i na different way.

How does Canad Keep their competitive advatage when it comes to saving costs? outsourcing and generating profits through exports. So far, the Canadian, more specifically, the GTA aerospace has elevated itself, yet again to uplift its competitive advantage. Figures illustrate that Canada’s aircraft component costs are the lowest in all G-7 countries. This is definitely an advatage that cant be ignored.

With that said, back to the GTA’s new focus, Exports and exporting companies. Here are soem key inserts about his topic from the article:

1. With R&D costs almost 24 per cent lower than in the United States, there’s more room for exporting companies to develop new and better technologies that translate into better products and services.

2. Lower business costs give Ontario-based exporters a decided advantage over other jurisdictions. For example, on average, costs are nine per cent lower than in the United States.

As you can see, these are some of the key inserts that stand out from the article. Having low R & D costs, provides us with more room for exporting companies to emerge. It also provides them an opportunity to develop technologies and ultimately uplift their services and products. Also, as mentioned before, lower business costs provide a unique competitive advantage to the export-based companies as well as the GTA economy itself. With these advantages, the Canadian economy continues to grow and succeed day by day.

Thanks for visiting!

Link: https://ozone.scholarsportal.info/bitstream/1873/2497/2/257376.pdf