Premier to Lead Business Mission to China and Vietnam
Engaging with Economic Leaders Will Expand Partnerships and Trade Opportunities
Premier Kathleen Wynne will lead a delegation to China and Vietnam this fall to strengthen trade partnerships and promote Ontario as a key centre for investment and innovation. Premier Wynne made the announcement in Toronto at the headquarters of green technology company Nanoleaf.
This is the first-ever Ontario Premier's mission to Vietnam, and Premier Wynne's third mission to China.
The Premier's mission will begin on November 23 in Beijing, China, with further stops in Nanjing, Chongqing, Shenzhen and Hong Kong. On December 3, the Premier and delegates will travel to Vietnam to meet with key business leaders and government officials in Ho Chi Minh City and Hanoi. These meetings will be an opportunity to promote Ontario as an ideal trading partner and one of the best places in the world to invest and open up new markets for Ontario businesses.
As part of Ontario's strategy to forge diverse trading relationships around the globe and create opportunities for businesses at home, this mission will focus on exploring further partnerships in the medical technologies, science and technology, and agri-food sectors. A delegation of Ontario businesses will join the Premier on several stops throughout the mission, and can express their interest in joining as a business delegate.
Attracting international investment and helping the province's businesses compete globally is part of the government's plan to create jobs, grow our economy and help people in their everyday lives.
- China is Ontario’s second-largest trading partner. Previous missions to China have secured over 126 agreements valued at over $3.8 billion to Ontario’s economy.
- Two-way trade between Ontario and Vietnam has tripled since 2012, reaching over $3 billion in 2016.
- According to the Conference Board of Canada, every $100 million increase in exports creates approximately 1,000 new jobs.
“Ontario’s trade and investment relationships worldwide are critical to our economic prosperity. This business mission will build on our productive partnerships with China, while opening up new opportunities for collaboration with Vietnam. Attracting investment and expanding trade opportunities helps Ontario businesses compete on a global scale, generating economic growth and innovations that benefit people in Ontario and around the world.”
“Globalization continues to reshape how the world does business, and Asia continues to be an important and high-growth economic region. As part of our ongoing focus on diversification by leveraging our strengths in priority sectors like innovation, advanced manufacturing and e-commerce, this mission enables us to promote Ontario as a premier trade and investment destination that will create jobs to benefit both jurisdictions economically.”