Barry Group Inc. will receive $22,980 the help the fisheries company explore overseas markets for pelagic and shellfish, the provincial government announced today.
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The money comes through the Fisheries Technology and New Opportunities Program.
Bill Barry, CEO of Barry Group, said the funding will be used to help connect with potential clients in Russia, Europe and Asia, and to strengthen existing relationships in developing markets.
â€œIn order to remain globally competitive, it is extremely important for Barry Group to continually build our international customer base," Barry said in a news release.
"I appreciate the provincial governmentâ€™s support for international trade initiatives, and I look forward to building the reputation of Newfoundland and Labradorâ€™s fine seafood around the world."
The release states that from 2006 to 2012, provincial seafood exports to Russia more than doubled, from $21.9 million to $55.6 million, and provincial exports to Asia grew nearly 20 per cent, from $275 million to $322 million.