Ontario Begins Follow-Up Mission to China
Mission to Focus on Increased Trade and Investment in Ontario
Today, Deputy Premier Deb Matthews and Minister of Citizenship, Immigration and International Trade Michael Chan are beginning a trade mission to China to strengthen economic, political and cultural ties with Ontario's second-largest trading partner and the world's largest economy.
This mission will build on the success of the Premier's two recent business missions to China - which have brought an estimated total of $3.8 billion worth of investment to the province and approximately 3,500 jobs to Ontario - and will lay the groundwork for future agreements. The Deputy Premier and Minister will meet with Ontario companies in China to sign additional agreements that have been finalized since the Premier's last visit.
The mission itinerary includes visits to five key cities - Beijing, Zhengzhou, Shanghai, Shaoxing and Hong Kong - and will formalize agreements and memoranda of understanding within the agri-food, life sciences, financial technology, information communications technology and manufacturing sectors.
Attracting new investment and helping the province's businesses compete globally is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario's history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
- The mission will conclude on May 4.
- It will build on the success of Premier Wynne’s 2014 Business Mission to China, Ontario’s Agri-Food Trade Mission to China and Premier Wynne’s 2015 Business Mission to China.
- In 2015, two-way trade between Ontario and China totalled more than $42 billion.
- Previous business missions to China have generated agreements worth an estimated $3.8 billion.
- Ontario’s real GDP increased 0.8 per cent (3.1 per cent annualized) in 2015 Q4. The province’s real GDP increased 2.6 per cent in 2015, following a 2.7 per cent rise in 2014.
“China is Ontario’s second-largest trading partner. The strength of our friendship has allowed us to help each other grow our economies and create good jobs. I look forward to forging new partnerships and creating new investment that will benefit our province for years to come.”
“Ontario is one of the best places in the world to do business. We offer a highly skilled and educated workforce, a competitive business climate, modern and efficient infrastructure and a culture of innovation. We’re looking forward to building on our strong business relationship with China during this mission and to bringing more investment to Ontario.”