Memorandum of Understanding on Economic Cooperation and Trade Relations
Between The State of Indiana in the United States of America and The Province of Ontario in Canada
This Memorandum of Understanding (hereinafter referred to as "MOU") is made by and between the State of Indiana in the United States of America and the Province of Ontario in Canada (collectively the "Parties").
WHEREAS, the Parties, in recognition of the substantial state-province economic activity, which includes being one of each other's largest trading partners and targets for foreign direct investment, have established an enduring and productive relationship based on mutual interests;
WHEREAS, the Parties share the objective of deepening their already well-established economic development cooperation and trade relations to strengthen their businesses and create jobs in both Indiana and Ontario; and
WHEREAS, the Parties recognize:
- the overall importance of the economic relationships within North America and between the Parties;
- the advantages derived from strengthening and broadening sectors of mutally beneficial trade and investment;
- the signficance of working together to create a skilled and modern workforce to meet the needs of an innovative and digital economy;
- the value of close cooperation and consultations between the Parties on economic issues to ensure open lines of communication and sharing of best practices;
- the importance of working together and in concert with their respective federal governments in matters of economic significance.
NOW THEREFORE, the Parties, in the spirit of promoting closer relationships, intend to further support and work cooperatively within the boundaries of existing laws and treaties in their respective jurisdictions on issues as set forth below.
In line with the principle of mutual benefit, the Parties share the intent to cooperate in the following areas:
- Economic Development and Investment
This area of cooperation promotes business interactions between the Parties, including mutual exchange of appropriate business delegations and market information as well as other cooperative activities in recognition of the importance of two-way investment.
- Workforce Development
This area of cooperation supports the sharing of best practices to meet the challenges of creating and training a workforce to meet high-demand, high-wage job growth created by innovation across all sectors. The Parties will work together to identify opportunities for strategic partnerships and alliances between private sector companies, which will strengthen their capabilities to compete in international markets with a trained and ready workforce.
- Life Science Cooperation
This area of cooperation works to advance company partnerships, opportunities, trade missions, symposia, workshops, and other relevant cooperative events; market access, early stage company investment, finance, and support; clinical research/regulatory affairs; and research partnerships.
- Information and Communications Technologies
This area of cooperation encompasses the areas of information technology and cyber security. Activities contemplated include technology collaboration; cooperative partnership participation and collaboration; and private sector and academic institution collaboration.
- Advanced Manufacturing and Materials
This area of cooperation promotes collaborative projects, research, and information exchange regarding innovation in advanced manufacturing.
This area of cooperation aims to spur manufacturing growth by supporting regional and federal initiatives to facilitate border-to-border movement of goods and people, and to work to share best practices and world-class expertise found in both jurisdictions.
- Automotive, including Electric, Connected and Autonomous Transportation
This area of cooperation fosters information sharing in the development and support of the automotive industry, including automotive innovation, engineering and manufacturing, and battery research and workforce development, especially as they relate to the commercialization, production, and deployment of electric, connected and autonomous transportation.
- Aerospace and Aviation
This area of cooperation targets the development, operation and manufacturing of aircraft between the aerospace industries of the Parties, with the aim of enhancing aerospace manufacturing attractiveness, workforce development, foreign direct investment and market access.
Recognizing that both Parties are vital North American transportation hubs due to their geographically favorable locations, this area of cooperation continues to encourage the Parties to invest in state-of-the-art transportation infrastructure, which creates a more competitive operating environment for private sector companies in both Indiana and Ontario and attracts new investment.
- Agriculture and Agriculture Technology
This area of cooperation facilitates appropriate cooperation and information sharing in the fields of agriculture and agricultural technology by supporting, as appropriate, a productive long-term relationship utilizing relevant public and private entities to exchange best practices and designate areas of growth within the sector.
- Academic Cooperation
This area of cooperation focuses on the creation of new exchange programs or the enhancement of existing programs to support and encourage appropriate institutional collaboration between colleges and universities, as well as research institutions in Indiana and Ontario.
- Regulatory Modernization
Respecting each jurisdiction's existing laws and regulations, this area of cooperation helps to facilitate the sharing of regulatory best practices that recognize the importance of supporting regulatory frameworks that allow for experimentation and adoption of transformative technologies (e.g. autonomous vehicles, artificial intelligence and blockchain), while also being mindful of any consumer protection, confidentiality, safety and privacy concerns that may arise.
Under the framework of this MOU, forms of cooperation may include the following:
- Organizing regular economic development missions and public sector visits;
- Specific projects, including technology and infrastructure demonstration projects;
- Sharing appropriate information and best practices regarding policies and programs, as well as policy design and capacity building support;
- Promoting cooperative research, development, and deployment projects in fields such as the life sciences and other technology between research institutes and universities;
- Joint organization of symposia, seminars, workshops, exhibitions, and training;
- Participating in other commitments and/or initiatives, including multilateral consortiums;
- Facilitating discussions regarding cooperation and sharing of regulatory best practices;
- Promoting participation and support from municipalities, regions, research institutes, universities, and non-governmental organizations, as well as other organizations; and
- Any other mutually acceptable forms of cooperation that contribute to the goals of this MOU.
The Parties will, on a regular basis, inform and consult with one another on matters of common interest that represent opportunities for mutual benefit and are consistent with this MOU, with the intention of forming a working group ("Working Group") made up of stakeholders chosen by each Party from the public and private sectors.
To oversee and implement this MOU, the State of Indiana designates the Indiana Economic Development Corporation (IEDC) as the coordinating authority for all state agency interactions related to this MOU; and the Province of Ontario designates the Ministry of Economic Development and Growth (MEDG) as the coordinating authority for all provincial agency interactions related to this MOU.
The Working Group will coordinate the implementation of this MOU, as appropriate, with other commitments between entities in the State of Indiana and the Province of Ontario. The Working Group will designate a timeline to foster regular interaction and provide direction in the implementation of this MOU to ensure progress in areas of mutual benefit.
This MOU is not legally binding and does not create any legal, equitable, or financial rights, obligations, or liabilities for the Parties.
This MOU will remain in effect as of the date of its signature for as long as each Party continues to find the cooperative activities under the MOU to be of mutual benefit. Either Party may terminate this MOU 45 days after it provides written notice of its withdrawal to the other Party.
This MOU may be modified through discussion in the working group format and all amendments or modifications must be signed in writing by the Parties.
This MOU is signed on March 27, 2018 in Toronto, Canada.