Trade Mission Helps Ontario Businesses Succeed
Ontario Companies Bring Home About $800 Million in New Agreements with Chinese Partners
Premier Dalton McGuinty and Ontario businesses are celebrating about $800 million in new partnerships that will improve the quality of life for residents of both jurisdictions as the Premier's fourth trade mission to China wraps up.
The new business contracts, which will boost the agri-food sector, involve everything from baby formula to ice wine and water research.
Niagara's Pillitteri Estates Winery and Canbest International Trading has signed an agreement worth $20 million over the next three years that will bring Canadian ice wine to China. Pilliteri and Canbest will jointly own and operate a number of wine shops in China and will also sell Canadian ice wine to Chinese customers online. Economic Development and Innovation Minister Brad Duguid, who joined the Premier's trade mission to China, will participate in the opening of the partnership's first store in Beijing on Saturday morning before heading back to Ontario.
During the trade mission, Premier McGuinty also joined the Chinese Minister of Science and Technology to announce an agreement to jointly fund 12 new research projects focused on water, neuroscience, stem cells and hydrogen fuel cells.
Premier McGuinty spoke to the Chinese People's Institute for Foreign Affairs about how much change he had witnessed during his five visits to China as Ontario's Premier. He also expressed his hope for continued co-operation as businesses in China and Ontario continue to work together in new partnerships that benefit all.
Minister Duguid renewed an agreement with China's Investment Promotion Agency. The agreement paves the way for ministries to help companies in Ontario and in China seek new investors and explore opportunities in each market. Efforts will initially focus on a few key priorities, including the automotive, aerospace and environmental protection sectors.
- Beijing is the capital of the People’s Republic of China and one of the most populous cities in the world with over 20 million citizens.
- Beijing is a major transportation hub that includes a national highway, high-speed rail networks and the Beijing Capital International Airport — the second busiest in the world by passenger traffic.
- The Ministry of Economic Development and Innovation works closely with China’s Ministry of Science and Technology to encourage successful research, technology transfer and commercialization partnerships.
“I’m pleased to end my last trade mission with more agreements that will help boost our economy and improve the quality of life for families back at home. I look forward to seeing the relationships we’ve built here continue to grow for the benefit of both our peoples.”