Significant increase in Ontario's exports to Europe
TORONTO, July 11 /CNW/ - Economic Development and Trade Minister Bob Runciman announced today that Ontario's exports to Europe jumped 8.9 per cent in the first four months of 2001 relative to that same period last year.
"Ontario's aggressive strategy of promoting Ontario exports abroad is paying off, especially in Europe," Runciman said. "As part of our Global Trade Strategy announced in 2000, we're continuing with the important task of helping Ontario companies to diversify their export base to global markets."
In 2000, Ontario's exports to Europe increased 9.7 per cent over 1999. Europe is Ontario's second-largest trading partner, representing almost three per cent of Ontario's exports to other countries in 2000.
The increase in exports to Europe in the first four months of this year has led to the creation of almost 2,000 new jobs in Ontario. A new job is created with every $100,000 in exports.
In the past 18 months, the Ontario Government has had intensive participation with Ontario companies in trade shows in Europe. Ontario has had a major presence at building and construction fairs in the U.K., Germany and Spain, as well as world aerospace events in France and the U.K., key information and communications technology trade fairs in Italy and Germany, and a virtual trade mission in Italy.
During his recent visit to Paris in June 2001, Minister Runciman introduced the province's Market Ontario Investment campaign to help increase foreign direct investment from France, a major job creator for Ontario. While there, the Minister toured Ontario aerospace industry exhibits at the Paris Air Show to encourage growth and development for Ontario in that sector. Ontario now has representatives in the U.K., Germany, Japan and France, to attract investment opportunities from companies in the automotive and life sciences sectors.
Ontario exports to Europe totalled $7 billion in 2000. Ontario exports to Europe reached over $2.4 billion from January to April 2001. Aircraft, computer parts, optical devices, and precious metals led Ontario's export gains in Europe during that period. Key markets for Ontario exports during that period were the U.K., France, Germany, Russia and Norway.
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For further information: Media contacts: Hal Vincent, Minister's Office (416) 325-8779; Lynn Grittani, Ontario Exports Inc. (416) 314-8704; For more information, call 1-877-46TRADE or visit www.ontario-canada.com/export