Ontario Secures New Agreements in Beijing
Ontario Signs Major Agreements with Chinese Partners
Today in Beijing, Deputy Premier Matthews and Minister Chan participated in the signing of several new collaboration agreements between Ontario and Chinese companies that will bring substantial opportunities for jobs and growth to the province.
The signings include:
- A memorandum of understanding to build new trade and investment opportunities with China's leading supplier of agri-products, diversified foodstuffs and food services
- An agreement that will bring more Ontario ice wine to China to help meet the growing demand for this signature product
- An agreement that will increase the purchasing of Ontario food products, housewares and appliances over the next 20 years to supply Chinese consumers' desire and appreciation for quality Ontario goods
Minister Chan also met with the Chinese Federation of Overseas Entrepreneurs to discuss trade opportunities, and held a roundtable with over 20 C-Suite executives to promote the value of investing in Ontario.
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 April 24 – May 4, 2016 mission 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.
- According to the Conference Board of Canada, every $100 million increase in exports creates approximately 1,000 new jobs.
“Ontario’s highly-skilled workforce and competitive business costs are advantages that allow us to create innovative products and services for the global marketplace, and they make us a primary destination for foreign direct investment. The agreements reached today in Beijing were made possible by Ontario’s skilled workforce and our attractive business climate. We will enjoy new high value jobs and investment opportunities across our province for years to come.”
“With this mission, Ontario is building on our strong relationship with China, our second-largest trading partner. Through the agreements signed today, we are creating important partnerships and fostering opportunities for economic growth and job creation that will benefit people in Ontario and in China.”
“These agreements are great news for Ontario and our agri-food industry. By developing closer partnerships with these important Chinese organizations our government is working to realize new export opportunities for our robust food and beverage sector, creating new jobs and showcasing Ontario’s quality products to a global audience.”